Royal Bafokeng Platinum — SBGS Metals and Mining Conference 2015
14 slides from Royal Bafokeng Platinum's conference presentation, Nov 10, 2015
Slide 1: Flexibility in Adversity – Key to Successfully Navigating the Current Environment
FLEXIBILITY IN ADVERSITY – KEY TO SUCCESSFULLY NAVIGATING THE CURRENT ENVIRONMENT STEVE PHIRI SBGS Metals and Mining Conference 10 November 2015
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 1. Our approach in a challenging environment 2. Styldrift I going forward and Q3 2015 review 3. Conclusion
Slide 4: Tailored strategies with inherent flexibility drive efficiencies and create value
Tailored strategies with inherent flexibility drive efficiencies and create value • Significant reduction in LTIFR and SIFR • Effective operational flexibility › UG2 mining platform established • Strong stakeholder relations › BRPM Merensky Phase III replacement › Limited industrial action project a
Slide 5: The SA PGM industry – a challenging environment
The SA PGM industry – a challenging environment 1 Protecting asset value and shareholder wealth – Our approach Sovereign Declining debt crisis • Expect medium to longer term rebound Merensky 1 & depressed • Continue to strategically develop Styldrift I with due cognisance of reserves and commodity p
Slide 6: Styldrift I going forward and Q3 2015 overview
Styldrift I going forward and Q3 2015 overview >
Slide 7: Styldrift Mine – A high grade, shallow, mechanised Merensky mine
Styldrift Mine – A high grade, shallow, mechanised Merensky mine High quality Shallow Merensky Key operating Production ramp up Merensky mine statistics • Resource grade of 6.94g/t 4E • R11bn capital investment • Mechanised mining • First ROM production Q3 2015 • Resource of 72.90Mt • R5.16bn spent
Slide 8: Styldrift is a well advanced high-margin project with substantial by-product credits
Styldrift is a well advanced high-margin project with substantial by-product credits Styldrift orebody strategy High quality resource 16 Bubble size = resource oz (4E) Resource valuation ($/4E oz) Styldrift I • Merensky resource of 133Mt 15 Merensky, 72.9Mt ˃ Styldrift I portion is 72.9Mt 14 13 • UG
Slide 9: Styldrift is a well advanced high-margin project with substantial base metal credits
Styldrift is a well advanced high-margin project with substantial base metal credits Styldrift is in the first quartile for by-product credits Revenue from PGMs (4E) Revenue from base metals Base metals content at Styldrift well above 100% 7% 16% South Africa average 80% 19% 60% 78% 71% • South Afri
Slide 10: Styldrift I revised construction programme
Styldrift I revised construction programme 2015 Mining and construction • Development of underground infrastructure on 600 level ˃ Workshops ˃ Refuelling bay ˃ Access roadways • Complete ventilation shaft No.1 • Complete Silo No.2 Current operating status • 4 production crews operational on 600 leve
Slide 11: Q3 Overview
Q3 Overview Highest recorded quarterly tonnes milled since taking over operational control in Description Unit Q1 -2015 Q2 -2015 Q3 -2015 Total tonnes milled 2010 800 Safety 700 SIFR (/200,000 hrs) rate 0.12 0.17 0.13 600 LTIFR (/200,000 hrs) rate 0.48 0.54 0.26 500 Production kt 400 725 681 300 Tot
Slide 12: Styldrift II pre-feasibility provides positive business case
Styldrift II pre-feasibility provides positive business case Pre-feasibility study • Study resulted in a positive business case • Mechanised mine design • Early access utilising Styldrift I infrastructure Exploration drilling • 14 surface exploration holes amounting to 10 500m of drilling completed
Slide 13: Conclusion
CONCLUSION >
Slide 14: Royal Bafokeng Platinum: an attractive investment proposition
Royal Bafokeng Platinum : an attractive investment proposition Lower political risk Black-owned and controlled - exceeds all statutory BEE requirements Lower labour risk Employees and owners are aligned Long-life assets Long-life Merensky producer Excellent growth Low risk growth: +/- 70% increase i
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