Sylvania Platinum Ltd. · LSE:SLP
Sylvania Platinum — Investor Presentation (May 2009)
19 slides from Sylvania Platinum's investor presentation, May 2009
Slide 1: High Margin, Low Production Risk and Volume Growth
High Margin, Low Production Risk and Volume Growth Terry McConnachie May 2009
Slide 2: Disclaimer
Disclaimer • Certain forward-looking statements may be contained in this presentation which include, without limitation, expectations regarding platinum prices, estimates of production, operating expenditure, capital expenditure and projections regarding the completion of capital projects as well as
Slide 3: Sylvania corporate profile
Sylvania corporate profile • South African tailings dump and opencast platinum group metals producer. • ASX and AIM-listed • (ASX, AIM:SLV) • 181.7 m shares in issue. Corporate activity in progress which will result in issued shares increasing. • Share price: £0.48* • Market cap: £87.2m* • Cash: £19
Slide 4: Business Structure
4 Business Structure Sylvania Dump Operations (SDO) Elhobo Metals (Pty) Ltd +») a 74% 100% 19.9% 12.89% Great Australian Resources Pan Palladium Ltd <—--— AN -_-—-—» <_|\- — — Right to \ —— cc | 25% 74% a5 1% | 74% | | | | | | / 75% 26% 26% 29% | AQPSA and SAMD Ventures Sika Bopha GB Mining PGM Extr
Slide 5: Location – in the heart of 'PGM country'
Location – in the heart of ‘PGM country’
Slide 6: Sylvania – Ounces production on track
Sylvania – Ounces production on track. (3 of 6 plants now operational.) 6
Slide 7: Profitability through PGM slump
Profitability through PGM slump • Proven profitability despite downturn in prices • uninterrupted production (Q3 09: 6 218oz) • cash costs • Q3 09: R2 741/PGMoz (US$276/oz) 7
Slide 8: Cost profile ensures sustainability
Cost profile ensures sustainability Source: RBCCM 2008 8
Slide 9: Pipeline of development projects
Pipeline of development projects Status Project 2009 2010 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Lannex Broken Hill Chrome Lannex PGM Plant Mooinooi Mooinooi Chrome Mooinooi PGM Plant Tweefontein Doornbosch Key Completed In Progress Commissioning Delay 9
Slide 10: Sylvania – growing into the future
Sylvania – growing into the future Sylvania Resources - Ounce production from Plants 140000 120000 100000 80000 60000 40000 20000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Millsell Steelpoort Lannex Mooinooi Doornbosch Tweefontein CTRP 10
Slide 11: Securing future volume growth
Securing future volume growth Doornbosch Tweefontein Available dump tonnes t 83 256 909 120 Current arisings per month next t 40 000 20 000 25 years Total feed t/m 40 000 36 000 Total feed g/t 6.00 4.00 PGM feed tonnes per month t 18 800 16 900 PGM grade g/t 7.50 6.00 PGM recoveries % 48 48 PGM per
Slide 12: PGM markets – where's the upside?
PGM markets – where’s the upside? • Vehicle sector remains key demand driver • new avenues for growth – auto sector in BRIC countries • Euro IV legislation imposed in Shanghai, Beijing, Guangzhou • Euro V by end 2009 in Europe – new vehicles will need to compliant • Supply constraints expected to re
Slide 13: Strategy
Strategy • Sylvania has acquired an interest in opencast Platreef resources • Sylvania holds • 19.9% of Great Australian • 12.89% of Pan Palladium • Sylvania has made a bid for all the shares that it does not own in Pan Palladium and Great Australian resources. • The offer is 1 SLV share for every 1
Slide 14: Platreef properties
Platreef properties Northern Limb GREAT AUSTRALIAN \ PPD / MATLALA- A-THABA E PLATINUM - Northern limb > (Bushveld PPD AURORA > Complex) PROJECT ees,e7 Platreef S ain _...« Volspruit PGE- metres! ¥ / ol —-FALCONBRIDGE **"**" Ni Reef PLATINU 1 ls AIM RESOURCES = Thabex Exploration PLATINUM GROUP PPD
Slide 15: Platreef Strategy
Platreef Strategy • Geological work required • Harriets Wish drilling for indicated resource to commence shortly • Aurora Inferred resource being upgraded to indicated and measured • Grassvalley BFS being updated • Metallurgical work required • Samples being tested to optimise flowsheet design • Syl
Slide 16: Anticipated Production and Smelting
Anticipated Production and Smelting • Sylvania believes that a sulphur roasting type process with DC arc smelting is applicable for low grade concentrates derived from Platreef type ore bodies • Sylvania is investigating various options for access to DC arc smelting technology (Acquisition or green
Slide 17: People
People • Experienced board focused on value creation • Committed and talented employees and contractors • SHE-driven culture • Empowered • Ehlobo Metals (Pty) Ltd Richard Rossiter Alastair Ruiters Terry McConnachie Louis Carroll Grant Button (Non-executive (Non-executive (Managing Director) (Finance
Slide 18: Investment case
Investment case • Sound Platinum Industry structure – low cost, low risk business model with sustained profitability in low metal price environment • Growth through Acquisitions and Mergers • People – growth focus and track record • Future – growth funded by robust cash flows and balance sheet • Att
Slide 19: Contacts
Contacts UK and South Africa Terry McConnachie +27 82 553 4256 Australia Richard Rossiter +61 41 868 8338 19