Northam Platinum Holdings Limited · JSE:NPH
Northam Platinum — Macquarie Precious Metals Conference 2009
8 slides from Northam Platinum's conference presentation, Nov 25, 2009
Slide 1: Introducing the new Northam
Introducing the new Northam • Producing and marketing PGMs since 1993 • fully independent, integrated producer • track record off reliable, consistent production • Cash generative and profitable • Listing on the JSE since 1987 • admitted to SRI Index in 2006 • Acquisition of Booysendal in 2008 • pre
Slide 2: Transformed group structure
Transformed group structure 100% 100% 100% 7.5% Northam metallurgical Booysendal Pandora Zondereinde mine processing platinum project joint venture Resource: 25.7 Moz Resource: 103.3 Moz Attributable resource: 1.6 Moz 3 Solid track record – through thick and thin 4 2
Slide 3: Tradition of rewarding shareholders; Northam F09 key features
Tradition of rewarding shareholders ZAR cps Cash distributions to shareholders 600 500 400 300 200 100 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 5 Northam F09: key features for the year • 21.7% increase in sales volumes to 10 362 kg (333 159 oz) • Increase in unit cash costs held to 14% •
Slide 4: The platinum landscape; Booysendal – shallow, near-term expansion
The platinum landscape Polokwane PP Rust WF Mokopane Lebowa North Dwaalkop Limpopo Twickenham CRF Marula Thabazimbi Modikwa Amandelbult Zondereinde Union Bela Bela Two Rivers Pilanesberg Mototolo Groblersdal Der Brochen Sedibelo Everest Booysendal BRPM Pandora Brits Zeerust Impala SF Rustenburg RPM
Slide 5: Booysendal feasibility completed
Booysendal feasibility completed • Initial modular approach is confirmed • Booysendal promises to be significant, long-life producer • Initial focus on the UG2 reef • Funding: combination of rights issue, retained earnings, and medium term debt • Value engineering underway to refine design and costs
Slide 6: Key statistics; Capex spread and production build-up
Key statistics • Tonnages: • Module 1 - 120 000 tonnes milled per month • Module 2 – 120 000 tonnes milled per month • Production and sales volumes: • Module 1 - 130 000 (3PGM+Au) per annum • Module 2 – 115 000 (3PGM+Au) per annum • Capex of approx R3.0 billion over five years (2009 money) for modul
Slide 7: Utilities; Booysendal – unlocking value over time
Utilities • Electricity • spare capacity at Mototolo (16MVa) available to Northam for construction • Eskom completed feasibility for 80MVa substation – initial application • application submitted for first 20MVa – budget quote being prepared • Water • 7Ml/day secured from Lebalelo pipeline • pipelin
Slide 8: Northam – a compelling investment case
Northam – a compelling investment case • Moving from lease-bound operation with limited expansion opportunity to large, shallow resource with potential to double production • Track record of consistent delivery to shareholders • Multi-million ounce resource – potential for further value The only ind
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