Slide 1: General Overview March 2025
PLATINUM General Overview March 2025
Slide 2: Disclaimer
[OFFICIAL] Mogalakwena Investor Visit Disclaimer officers, employees and agents expressly disclaim any and all liability looking statements. These forward-looking statements speak only as (in negligence or otherwise) for any loss howsoever arising from any of the date of this presentation. This pres
Slide 3: Investor visit agenda
[OFFICIAL] Mogalakwena Investor Visit PLATINUM Thursday 27 March Start time Agenda Topic Speaker 19:00 Overlay of programme and induction video Theto Maake 19:10 Welcome and opening remarks Craig Miller 19:15 Mogalakwena site visit presentation Kobus Van Den Berg and senior leadership team 20:00 Q&A
Slide 4: Welcome and opening remarks
Welcome and opening © remarks Mogalakwena pit rope shovel and haul truck
Slide 5: Mogalakwena investor visit presentation
PLATINUM Mogalakwena investor visit presentation Haul truck at Mogalakwena
Slide 6: Presentation contents
[OFFICIAL] Mogalakwena Investor Visit PLATINUM • Mogalakwena senior leadership team • The industry’s most exciting endowment • Overview of Mogalakwena • Significant progress made towards zero harm • Building resilient communities • Operational excellence • Our people: driving operational excellence
Slide 7: Mogalakwena senior leadership team
[OFFICIAL] Overview of Mogalakwena PLATINUM Kobus van den Berg Stephan Nothnagel Lindani Ntombela Senior General Manager UG Exploration General Manager General Manager Project and Studies Concentrators Emanuel Sekgokong Jacques Breytenbach Jaco Pieters Refilwe Mafiri Herman Kemp Mvelo Dube Manager M
Slide 8: Overview of Mogalakwena
[OFFICIAL] Overview of Mogalakwena PLATINUM Optimised open pit Blending open pit with higher Mill feed (Mt) 1 2 M&C produced, '000 oz operations grade underground ore 1,182 1,214 1,026 973 953 >1,000 +10–50% Concentrator capacity 10 0 2020 2021 2022 2023 2024 Optimised Sandsloot Underground Open Pit
Slide 9: A mine within communities
[OFFICIAL] Overview of Mogalakwena PLATINUM • A mine within communities • Mining rights spread over Bushveld Complex • Approximately 364k people around the boundaries of the mine • ~70% of our total Mogalakwena workforce is sourced from local communities • Part of Limpopo Province • Governance of Mo
Slide 10: Mogalakwena overview and mining right area
[OFFICIAL] Overview of Mogalakwena PLATINUM Mogalakwena Resource life Target cost position Potential future role Potential Future rolein inportfolio portfolio Prospecting right areas incorporated Reserve life Resource life Target cost position Potential future role in portfolio into the Mogalakwena
Slide 11: Site visit viewpoints and open pit mine plan
[OFFICIAL] Overview of Mogalakwena PLATINUM 2 Central pit east viewpoint View Point 2 3 Equipment appreciation 3 Visit Rope Shovel 126 loading area 2 1 1 Central pit south viewpoint 4 4 North concentrator View Point 1 View Point 4 Open pit mine plan 11
Slide 12: Mogalakwena reserves versus South African peers
[OFFICIAL] Overview of Mogalakwena PLATINUM Mogalakwena’s mineral reserves exceeds Mogalakwena UG reef has higher 4E grades than the total PGM reserves of our peers in South Africa other mechanised assets in South Africa Reserves Resources Grade 4E Moz1 4E Moz g/t 4E 150 400 7 4-6g/t 300 100 200 50
Slide 13: Safety performance
[OFFICIAL] Safety PLATINUM Reducing total injuries MTC LTI Safety milestones -77% 53 22 Million (>12 years) Fatal Free Shifts 45 25 20 19 16 14 1 14 13 12 12 9 8 11 3 11 18 3 11 2 3 1 11 3 Central Services 8 9 6 10 9 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3 years injury free Reducing tota
Slide 14: IRMA standard
[OFFICIAL] Sustainability PLATINUM IRMA: Independent, comprehensive assurance standard for all mined materials (excluding energy fuels), providing: 1 A global third-party assurance system for responsible mining, credibly measuring environmental and social impacts 2 A building block from a wide range
Slide 15: Sustainable and resilient communities
[OFFICIAL] Sustainability PLATINUM To be productive, safe, responsible and sustainable, Mogalakwena operation identified key factors and areas for development to create sustainable and resilient communities through Social Labour Plans 35 schools as beneficiaries Living conditions: 11 clinics as bene
Slide 16: New mining strategy
[OFFICIAL] Operational Excellence PLATINUM Legend New mining strategy What did we do ? Medium term Prev. strategy Surface lease key benefits Mining right Communities Total tonnes ~ 90 – 120 Mtpa • Mining north, targeting lower strip ratio cuts • Improved cut designs reducing waste Grade Focus on dep
Slide 17: Operational Excellence
[OFFICIAL] Operational Excellence PLATINUM Source: Anglo American Platinum Mogalakwena Complex 17
Slide 18: Mining process steps
[OFFICIAL] Overview of Mogalakwena PLATINUM Block prep Drill & blast Loading Hauling Crushing Concentrating 18
Slide 19: Drilling and blasting performance
[OFFICIAL] Operational Excellence PLATINUM Total drilled metres (km) Small rigs Big rigs Key highlights -7% 1,790 4% higher blasted tonnes with 1,664 Improved fragmentation 1,583 the same fleet size 696 990 748 Improved quality over speed • Quality of drilling Improved fleet availability • Quality o
Slide 20: Tonnes mined and loading performance
[OFFICIAL] Operational Excellence PLATINUM Tonnes mined (Mt) Focus areas Contractors AAP +5% Short haul opportunities Minimise excessive shovel relocations (NWRD & Bundwall route by unlocking geometric compliant 85 85 reduction) loading faces 8 8 77 77 89 Stabilise noticeable Multiskilling & Operato
Slide 21: North pit hauling distance to dump site
[OFFICIAL] Operational Excellence PLATINUM North pit hauling distance to dump site (km) -47% -41% -27% Northeast Ext 7.5 6.8 Blinkwater 2 5.5 North Pit 4.0 Blinkwater Dump Northeast Ext Dump Mothlothlo Dump North Waste Mothlothlo Rock Dump Blinkwater 1 Central Pit North waste rock dump operational e
Slide 22: Concentrators
[OFFICIAL] Operational Excellence PLATINUM 1 2 3 4 Crushing Milling Flotation Concentrate handling Mogalakwena North Concentrator Mogalakwena South Concentrator • Commissioned in 2008 • Commissioned in 1993 • World’s largest PGM concentrator • 4.5 Mtpa throughput • 9.5 Mtpa throughput • Conventional
Slide 23: Simplified flow diagram
[OFFICIAL] Operational Excellence PLATINUM Simplified flow diagram Primary Secondary Crushing HPGR • Crushing circuit with primary gyratory crusher, secondary cone crushers and high-pressure Crushing grinding roll in tertiary crushing application • Three stage grinding circuit comprising of two ball
Slide 24: Jameson cleaner circuit commissioning
[OFFICIAL] Operational Excellence PLATINUM Commissioning of Jameson cleaner circuit to reduce concentrate tonnes produced while maintaining recovery Improved Reduced Improved downstream energy Milestones metallurgical efficiency impact efficiency • C3 commissioning Mar 2025 Mass pull Concentrate Num
Slide 25: Sandsloot underground development
[OFFICIAL] Growth PLATINUM Resource Exploration Large-scale Potential Future role in portfolio development plan decline mine The Sandsloot To date: 7km developed, Modular execution with resource was 33km underground scalability to deliver 4-6 g/t selected as the exploration drilled. Exploration decl
Slide 26: Resource-driven flexibility and 2025 inventory snapshot
[OFFICIAL] Growth PLATINUM Future Resource Total Development Strategy Inventory Resource-Driven Flexibility and Optionality 2025 Inventory Snapshot Drilling programs designed to maintain schedule Grade range: 4 – 6g/t 4E, supporting robust project agility and mining flexibility economics Ensures sus
Slide 27: Ramp up mining operation and scale to full potential
Growth PLATINUM A Ramp up mining operation Mill Feed (kt) 6,000 5,000 Investment in enabling B infrastructure 4,000 3,000 +10–50% 2,000 Increase in PGM Ounces 2024 1,000 -10–20% Decrease in AISC 0 C Scale to full potential PFS-B Trucking PFS-B Conveyer Full Potential 1 ~4 > 3 years years Exploration
Slide 28: People & Organisation
[OFFICIAL] People & Organisation PLATINUM Compelling employee Strengthening technical Organisational profile Potential Future role in portfolio value proposition capabilities Skills development, and social responsibility makes us a long-term strategic investment 21% Core Skills Employee wellness Sup
Slide 29: Closing
PLATINUM Closing Mogalakwena pit rope shovel and haul truck
Slide 30: Closing: assets, capabilities, growth
[OFFICIAL] Closing PLATINUM Assets Capabilities Growth Resource endowment supporting growth Operational excellence Sandsloot underground potential 86 years reserve Mining more with less +10-50% PGMs >150 years resource Efficiency & productivity improvements in drilling & load and haul Blending ope
Slide 31: Q&A
AngloAmerican Q&A