Royal Bafokeng Platinum — Technical Presentation (February 2019)
34 slides from Royal Bafokeng Platinum's technical presentation, Feb 1, 2019
Slide 1: Styldrift Mine and Maseve Concentrator Site Visit
STYLDRIFT MINE AND MASEVE CONCENTRATOR SITE VISIT 1 FEBRUARY 2019
Slide 2: Disclaimer
Disclaimer The information presented in this presentation is of a general nature and the forward-looking information, opinions and beliefs of the Company and its affiliates are based on various market related assumptions. Changes in market circumstances after the production of the information may im
Slide 3: Contents
CONTENTS Overview Geology Styldrift Project
Slide 4: Overview
OVERVIEW
Slide 5: Geographic location of RBPlat operations
Geographic location of RBPlat operations I RBPlat Operations: > BRPM > Styldrift I > Maseve > Styldrift II Styldrift Mine and Maseve concentrator site visit – 1 February 2019 5
Slide 6: RBPlat in context
RBPlat in context Our Mission is to leave a lasting legacy of Broad based sustainable benefits for our stakeholders > RBPlat is a mid-tier PGM producer and the Community ownership first and only community based company to list on the JSE (48% free float) More than Mining > Operational flexibility wi
Slide 7: RBPlat SHE – Foundation and the way forward
RBPlat SHE – Foundation and the way forward We believe Zero Harm is possible – Our Approach Logical Thinking Observe / Think / Feel / Do • Leadership - Visionary and legitimate • Design - Safe, cost effective and efficient • Systems - Clear requirements, supportive, non- negotiable • Behaviour - Ris
Slide 8: Operational flexibility enhanced by the acquisition of Maseve
Operational flexibility enhanced by the acquisition of Maseve Key assets include: Key benefits: > Concentrator plant (110ktpm) > Option to upgrade concentrator to 160 - 200ktpm > Associated surface infrastructure and • Co-processing of UG2 and Merensky ores tailings storage facility • Potential for
Slide 9: Employee housing - Waterkloof Hill Estate
Employee housing - Waterkloof Hill Estate > Employee ownership scheme > Secure housing estate > Over 1000 families currently resident in the estate > 1 575 houses • 1 140 - 80m2 units • 435 - 140m2 units • 419 units still under construction > Current investment in excess of R1bn and includes bulk se
Slide 10: Contributing to community sustainability
Contributing to community sustainability Education support Community projects > Sponsorship of additional teachers – maths and > Community housing science > Business HUB > Leadership development programs • Agriculture • Light industry > Career guidance programs • Enterprise development > Upgrading o
Slide 11: Geology
GEOLOGY
Slide 12: BRPMJV Operations Location
BRPMJV Operations Location Styldrift Mine and Masev Maseve seve concentrator site visit – 1 February Februarry 2019 2 9 12
Slide 13: Exploration
Exploration > Surface Exploration Drilling Database > Geophysics: Aeromagnetic Survey > Geophysics: Seismic Survey • Primary drillholes = 1 695 • Total mining area • Total mining area • Secondary deflections = 3 391 • Survey data acquisition 2001 – 2008 • Total metres drilled = 1 734 km • Latest int
Slide 14: Local geology
Local geology Key Merensky ore body statistics: > Average dip: • BRPM : 12-15° • SD I : 0-6° • SD II : 6-9° > Average depth: • BRPM : 500 mbs • SD I : 720 mbs • SD II : 950 mbs > Ore body thickness: • Variable according to facies classification • Mineralised zone = 0.7m – 2m > Geometry varies accord
Slide 15: Local geology continued
Local geology continued Styldrift I Styldrift II Western Bushveld Complex Ruste rg Facies rg Rustenburg Facies Fa Sw klliip Facies Swartklip Facies MR UG2 UG1 Basement Basement U Upliftment pliftment Transvaal Transvaal SSedimentary edimentary SSequence equence West East Styldrift Mine and Maseve co
Slide 16: Merensky reef
Merensky reef Styldrift Mine and Maseve concentrator site visit – 1 February 2019 16
Slide 17: Styldrift Mine and Maseve concentrator site visit – 1 February 2019
Styldrift Mine and Maseve concentrator site visit – 1 February 2019
Slide 18: RBPlat mineral resources
RBPlat mineral resources Mineral resources: Mineral reserves: Increasing level of geoscientific 68.82 Moz 17.54 Moz knowledge and confidence. Inferred 11.30 Moz Indicated Probable 23.27 Moz 8.30 Moz Measured Proved 34.25 Moz 9.25 Moz Reported in situ mineralisation Reported mineable production estim
Slide 19: Styldrift Project
STYLDRIFT PROJECT
Slide 20: Styldrift – low cost mechanised mine
Styldrift – low cost mechanised mine 6.98g/t 4E 71.9Mt Flat dipping Mean mining Continuous resource Merensky 00 - 60 depth 680m ore body grade resource High grade quality orebody 4.30g/t 4E ±3000 230ktpm 320koz pa delivered employees 2.76Mtpa 4E grade Modern and efficient infrastructure Utilities Lo
Slide 21: Mine design overview
Mine design overview 600 Level – Reef production Services Shaft Ventilation shafts 1,2 and 3 Main Shaft > 12 stores and material bays Workshops, > 32 trackless workshops Wash bays & Refuelling > Ancillary workshops (fuel bays, tyre bays, wash bays etc.) Material Bays > 18 equipped stoping sections (
Slide 22: Ore Flow – Underground to concentrator
Ore Flow – Underground to concentrator Styldrift surface silos Styldrift overland belt to BRPM plant – 6.8km 642 Level – Merensky north belt 708 Level – Bulkhead No.3 and shaft loading box transfer belt Styldrift Mine and Maseve concentrator site visit – 1 February 2019 22
Slide 23: Styldrift – 9 years into the project life cycle
Styldrift – 9 years into the project life cycle Project Start Shaft Sinking Reef Intersection Initial Infrastructure Project Slow Down Capital efficiency Phase I Ramp-up Phase II Ramp-up 2009 -2010 2011 - 2012 2013 2014 2015 2016 2017 YTD Q3 - 2018 • Site establishment • Pre-sink completed • Sinking
Slide 24: Key project strategies and optimisation initiatives
Key project strategies and optimisation initiatives > Proximity of infrastructure to workings - > Spare IMS sections workshops, underground offices, stores > Ongoing Ongo constraint analysis - understand and > Digitalisation and early adoption of technologyy reduce/mitigate reduc main constraints >
Slide 25: Project and operations – Management and control environments
Project and operations – Management and control environments Focused, well resourced project and operational management environments > OHSSAS 18001 certified Technology key to driving safety & operational efficiency: > ISO 14001 certified > Integrated high speed, high capacity data and digitalisatio
Slide 26: Styldrift project progress ramp-up overview
Styldrift project progress ramp-up overview YTD Description Unit 2015 2016 2017 Q3-2018 Ramp-up flexibility Project progress ޓFocussed project and operational management Stoping ‘000 m 2 0.7 12.6 40.5 81.1 environments 2 Project-to-date stoping ‘000 m 0.7 13.3 53.8 134.9 Development m 1 602 5 018
Slide 27: 150ktpm milestone achieved – October 2018
150ktpm milestone achieved – October 2018 Legend Stoping and development completed end December 2017 Section N1 - W Stoping and development completed end September 2018 Section strike belts commissioned Section strike belts to be installed Section N2 - W Section S1 - W Section S2 - W Section N2 - E
Slide 28: 600 level production infrastructure
600 level production infrastructure 600 level – High bay 600 level – Trackless workshop 600 level – Permanent piping installation 600 level – Trackless workshop 600 level – Material bay 5A 600 level – production section MCC installation Styldrift Mine and Maseve concentrator site visit – 1 February
Slide 29: 600 level production infrastructure…ore handling
600 level production infrastructure…ore handling 600 level – N1E Stope Conveyor installation 600 level – N2W Conveyor installation 600 level – TO3 transfer conveyor 600 level – N1W Conveyor installation 600 level – N2W side loading tip 600 level – Truck tip (OPC4) Styldrift Mine and Maseve concentra
Slide 30: Shaft ore handling infrastructure
Shaft ore handling infrastructure 642 level - top of Silo 3 642 level - top of Silo 4 642 level – Merensky north bulkhead No.1 708 level - Silo 3 Bulkhead 708 level - Silo 4 Bulkhead 642 level – Merensky north bulkhead No.2 Styldrift Mine and Maseve concentrator site visit – 1 February 2019 30
Slide 31: Water handling infrastructure
Water handling infrastructure 642 level – view of Settler 1 barrel 642 level – top of Settler 1 708 level - SP200 Dam and pump station 642 level – view of Settler 1 construction 708 level - Main pump station (MPS) 708 level – MPS piping under construction Styldrift Mine and Maseve concentrator site
Slide 32: Styldrift: Further strengthening our position on the cost curve
Styldrift : Further strengthening our position on the cost curve Net total cash costs including SIB CAPEX, 2018E (ZAR/Pt oz) Our world class orebody (mechanised platinum mines) Quartile 1 Quartile 2 Quartile 3 Quartile 4 1 100 15 000 Cash operating cost (R/t) Styldrift I: Styldrift Peer 2 4.3 g/t 4E
Slide 33: In conclusion
In conclusion Styldrift set to cement our position as a low cost, high margin operator > World class ore body • Shallow • High grade • Flat dip and mineralised envelope that supports mechanisation > Low cost, high efficiency mining method • Established and proven low profile “bord & pillar” layout •
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