Sylvania Platinum Ltd. · LSE:SLP
Sylvania Platinum — Non-Deal Roadshow (September 2011)
21 slides from Sylvania Platinum's roadshow presentation, September 2011
Slide 1: Sylvania Platinum Results update September 2011
Sylvania Platinum Results update. September 2011 www.sylvaniaplatinum.com
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 t
Slide 3: Sylvania in brief
Sylvania in brief • Domicile in Bermuda • Listings – Primary:- Australian securities Exchange (ASX:SLP) – Secondary:- London’s AIM market (AIM:SLP) – Shares in issue: 301 251 805 • Market Capitalisation: GBP 66.3 million * • Shareholders with > 5% of shares on issue (>50% of equity in total) oAsia A
Slide 4: Shareholder distribution
Shareholder distribution • Over 80% of shareholders in the UK • Less than 6% shareholding in Australia
Slide 5: Audited final results for year ended 30th June 2011: Financial highlights
Audited Final results for year ended 30th June 2011 • Financial highlights • Revenue increased by 79% to $46,872,232 ($26,115,145 FY 10) • Sylvania dump operations (“SDO”) EBITDA $15,419,750 increased 253% ($4,370,742 FY10 ) • Group EBITDA $12,340,998, 547% turnaround ($2,759,039 loss FY 10) • Net o
Slide 6: Audited final results for year ended 30th June 2011: Operational highlights
Audited Final results for year ended 30th June 2011 • Operational Highlights • PGM production increased 67% to 41,013oz (24,605 in FY10) • Plant feed increased 56% to 1,410,883tonnes (907,032 tonnes in FY10) • PGM Plant feed tonnes increased by 62% to 652,597 tonnes (403,825 tonnes in FY10 • PGM rec
Slide 7: Consistent delivery
Consistent delivery • Share performance linked to market with impact of steady growth and good margins not visible Source Ambrian 7
Slide 8: Long Term Performance
6 Long Term Performance S¥YLVANIA SDO Profit Before Tax & Depreciation Sylvania Platinum Turnover 4» 25.000 , 50.000 5 45.000 3 20000 Z 40000 E E 35000 3 15 000 g 30 000 25 000 10 000 20 000 15 000 5000 — 10 000 | 5000 amd T T T = T T T - Sn T T T T T T T T 2003 2004 2005 2006 2007 2008 2009 2010 20
Slide 9: Costs per ounce at operation level, plant by plant
Costs /$ ounce at operation level, Plant by plant Source RBC 9
Slide 10: Sylvania assets in the Bushveld complex of South Africa
Sylvania assets in the Bushveld complex of South Africa Northern All plants operated by Sylvania Dump Operations (SDO) limb section – 5 plants operational – 6th plant under construction at Mooinooi – 7th plant about to be constructed at Tweefontein. – Growth potential Volspruit o Tweefontein MG2 sec
Slide 11: SWOT Analysis
SWOT Analysis Strengths Weakness • 5 plants operating well • Critical Mass at this stage • Plants 6&7 under construction • Linked to chrome fortunes • Production set to increase to 60000 • South Africa ounces this year • New process at northern limb • Achieving a 50% operating margin • Strong cash f
Slide 12: Strong Mineral Resource
Strong Mineral Resource – Dump Material , Current Arisings & Run of Mine improved – Encouraging results from 11 months of MG2 ore trials at Mooinooi (Will vastly extend plant operational life) – Volspruit Mine (Northern and Southern Ore Bodies) o No change to previously announced resources Source:
Slide 13: Near Term Projects
Near Term Projects Proposed Iron ore spin out •Iron ore proposed to be spun out into new listing •Shares to be distributed to existing shareholders as “in specie” distribution •Independent valuation being undertaken by Venmyn •Team in place and drilling underway Everest North •Agreement with Aquariu
Slide 14: Volspruit (Southern section of northern limb)
Volspruit (Southern section of northern limb) • Extensive trials completed and project viability independently verified – Smelting trials produced metal alloy ready for refining. – Refining trials have produced PGM rich metal powder and pure Nickel powder • Total project design well underway – PFS f
Slide 15: Volspruit & Northern Limb Project Development Strategy
Volspruit & Northern Limb Project Development Strategy • Operating Strategy Mine – The Volspuit project becomes the model for future mines • Operations Overview – Open pit mine • Conventional drill and blast Pelletizer Crushing and Milling • Ore transported to concentrator plant Flotation – Processi
Slide 16: Growth Potential
Growth Potential • Northern Limb Projects SYLVANIA RESOURCES -12 000 E -11 000 E -10 000 E -90 00 E -80 00 E -70 00 E -60 00 E – Drilling under way in most prospective area Hotspots at Aurora-Hacra The MSA Group Date: 29 March 2011N -2598000 N -2598000 – 4 “Hot spots” identified 0 250 500 750 1000 1
Slide 17: Opportunities
Opportunities • South Africa has a vast opportunity in the MG and LG horizons where symbiotic projects between chrome mining and platinum mining can be exploited. • For 11 months MG material has been feeding the Mooinooi plant. The MG 2 option is viable with attractive margins. Good opportunity to e
Slide 18: Sylvania Platinum theoretical potential
Sylvania Platinum theoretical potential • Longer term production potentially anticipated to build up to > 225 000 oz per year 18
Slide 19: Conclusion
Conclusion • Dump process working well and profitable – Sylvania Dump Operations margins in excess of 48% • Upside with expansion via MG, LG chrome and UG2 PGM dumps • Forecast to reach 60000 ounces this year. – This 60000 ounces set to continue for at least 10 years out of existing dumps • Proposed
Slide 20: Attractive company valuations
Attractive company valuations Recent research reports 20
Slide 21: Contacts
Contacts +44 777 533 7175 Terry McConnachie terry@sylvania.co.za UK and South Africa +44 796 917 0622 Louis Carroll louis@sylvania.co.za +27 11 673 1171 South Africa Nigel Trevarthen +27 82 574 2251 nigel@sylvania.co.za Website: Sylvaniaplatinum.com 21
Sylvania Platinum — Non-Deal Roadshow (September 2011) on 6ix