Slide 1: Integrated Resource Group | Low Cost Co-Producer – PGMs and Chrome
INTEGRATED RESOURCE GROUP | LOW COST CO-PRODUCER – PGMS AND CHROME February 2015
Slide 2: Disclaimer
DISCLAIMER 2 This document has been compiled by Tharisa plc (“Tharisa”). While the information contained herein is believed to be accurate, no representation or warranty, express or implied is or will be given by Tharisa or its respective directors, employees or advisors or any other person as to th
Slide 3: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Direct access to the only JSE listed Large scale Open pit operations with PGM and chrome concentrate One of the worlds largest (832 Mt resource) over 22 years LOM and open pit co-producer with an single chrome mid-tier PGM and chrome 36 year LOM resource mines integrated ma
Slide 4: Mining
MINING 4 MINING ALL SIX MG CHROMITITE LAYERS FACILITATES CO-PRODUCTION MINERAL RESOURCE MG4A 832 Mt 5 PGE + Au 1.56 g/t Cr₂O₃ 20.38% MG4 MG4(0) OPEN PIT MINERAL RESERVE 104 Mt 5 PGE + Au 1.51 g/t Generalised Cross Section showing Chromitite layers in relation to MRK, UG2 & LG MG3D Cr₂O₃
Slide 5: Processing, Beneficiation and Optimisation
PROCESSING, BENEFICIATION AND OPTIMISATION 5 LOCATED IN THE LOWEST COST QUARTILE KEY HIGHLIGHTS OF PGM AND CHROME CONCENTRATE PRODUCERS Producing PGM (5 PGE + Au) concentrate 25 000 250 225 20 000 200 Producing metallurgical, chemical and 15 000 175 150 foundry grade chrome concentrates 125 10 0
Slide 6: Marketing, Sales and Logistics
MARKETING, SALES AND LOGISTICS 6 MARKETING AND SALES LOGISTICS PGM concentrate offtake Integrated platform to agreement with Impala mitigate logistics risks and providing a Agency agreement with competitive advantage Noble Resources for metallurgical chrome Road transportation concentrate of
Slide 7: Financial Overview
FINANCIAL OVERVIEW 7 FY2014 FINANCIAL PRODUCTION FY2014 FY2013 FY2014 FY2013 US$ millions PGMs Chrome Total PGMs Chrome Total PGMs Chrome PGMs Chrome Revenue 70.4 170.3 240.7 54.3 161.2 215.5 Production 78.2 koz 1.085 Mt1 57.4 koz 1.193 Mt Average PGM Cost of sales 53.5 153.3 206.8 50.5 139.1 189.6
Slide 8: Key Differentiators
KEY DIFFERENTIATORS 8 Strength to strength from 2006, through the financial and energy crises – identification of unique ore body – innovative development of the Genesis and Voyager plants Capital investment programme complete Mechanised open pit mining – no electricity requirement Mining of
Slide 9: Vision: Leading Natural Resources Company
VISION 9 LEADING NATURAL RESOURCES COMPANY PGM, CHROME AND STEEL RAW MATERIALS LARGE SCALE, LOW COST PROJECTS THAT ARE IN OR CLOSE TO PRODUCTION
Slide 10: Appendices
APPENDICES 10 tharisa
Slide 11: History and Milestones
HISTORY AND MILESTONES 11 THARISA PLC PRIOR TO ACQUISITION OF THARISA MINERALS BY THARISA PLC POST ACQUISITION OF THARISA MINERALS BY THARISA PLC JAN 2011 FEB 2012 FEB 2008 APR 2008 US$95 million investment by Fujian Secured project finance facility of ZAR1 billion Tharisa Limited (subsequently Cons
Slide 12: Corporate Structure
CORPORATE STRUCTURE 12 THARISA (Cyprus) 20% THARI RESOURCES1 100% 100% 74% (South Africa) 100% DINAMI THARISA INVESTMENTS ARXO RESOURCES THARISA MINERALS (Guernsey) (Cyprus) (Cyprus) (South Africa) 100% 100% COMMUNITY TRUST1 6% (South Africa) THARISA THARISA FUJIAN ADMINISTRATION INDUSTRIAL (“TFI”)
Slide 13: Shareholding Analysis
SHAREHOLDING ANALYSIS 13 Medway Developments Limited 46.7% Pershing LLC 15.9% TOP FOUR SHAREHOLDERS Fujian Wuhang Stainless Steel Co., Limited 11.0% Maaden Invest Limited 5.9%