Wesizwe Platinum Limited · JSE:WEZ
Wesizwe Platinum — Mining on Top Africa Summit 2013
20 slides from Wesizwe Platinum's conference presentation, Jun 26, 2013
Slide 1: Wesizwe Platinum Limited – Presentation to the Mining on Top Africa Summit
WESIZWE PLATINUM LIMITED Presentation to the Mining on Top Africa Summit 25 and 26 June 2013 Mr Hamlet Morule, Executive: Corporate Affairs and Investor Relations 1
Slide 2: Disclaimer
DISCLAIMER • Certain forward-looking statements may be contained in the presentation which include, without limitation, expectations regarding metal prices, estimates of production, operating expenditure, capital expenditure and projections regarding the completion of capital projects as well as the
Slide 3: Introduction
INTRODUCTION • Wesizwe is moving ahead with the development of the Bakubung Platinum Mine located on the Western Bushveld • The mine will produce up to 350koz per annum over a 35 year life of mine, with production ramp-up from 2018 • Chinese strategic equity partner and funder ensures that the proje
Slide 4: Vision and Purpose
VISION AND PURPOSE VISION To become a significant multi-commodity company, focusing on strategic metals with sound derived demand fundamentals PURPOSE To create shareholder value in an environmentally responsible and sustainable manner based on long-term relationships with government and local commu
Slide 5: Key Strategies
KEY STRATEGIES • To ensure that the Bakubung Platinum Mine is delivered within budget and on schedule • To explore synergies with industry peers on consolidation opportunities in the vicinity of the Bakubung Platinum Mine • To achieve 26% BEE ownership by 2014, from the current 16% HDSA Holding • De
Slide 6: Clean Ownership Structure
CLEAN OWNERSHIP STRUCTURE CHINA-AFRICA > PLATINUM. JINCHUAN B INSTITUTIONAL ‘ AND OTHER : me SHAREHOLDERS 457, Joh oO o WESIZWE 100% 100% Ww . a ol BAKUBUNG AFRICA WIDE 9 26% 100% a ae i fling, | il BAKUBUNG MASEVE PLATINUM MINE 2” BEE. MICAWRER ANGLO AMERICAN * Riis wesizwe PLATINUM GROUP METALS (T
Slide 7: Perfectly Located, Quality Resource
PERFECTLY LOCATED QUALITY RESOURCE Western Limb provides 67% of the world’s platinum High quality resource…at the centre of platinum gravity of the Western Bushveld, which is a fully explored, quality new mining area Flat lying, thick reef • Easier, more efficient mining • Amenability to mechanisati
Slide 8: Key Asset Differentiators
KEY ASSET DIFFERENTIATORS • Shallow in relation to other producers: mean mining depth of 850mbc • High mining extraction – 74% • Thick reef widths - 1.4m to 1.7m - higher operating efficiency and yields • Favourable prill split – good Pt yield from Merensky reef, improved basket value • Head grades
Slide 9: Resources (4E Moz)
RESOURCES (4E Moz) Bakubung Project 1 Project 3 Platinum War Spring 26% 26% Mine 15% 100% Inferred 0.022 0.494 3.473 0.251 a Boy (e § 0.000 8.436 0.000 Measured 0.842 0.000 SSt 0.000 Total 2.436 0.494 13.260 0.251 Total attributable resource ounces (million oz) 16.441
Slide 10: Highly Favourable Prill Split
HIGHLY FAVOURABLE PRILL SPLIT Merensky prill split, UG2 prill split without Ruthenium (Bakubung) (Bakubung) Au g/t, Rh g/t, Au g/t, 3.8% 4.6% Rh g/t, 0.4% 10.6% Pd g/t, 26.9% Pd g/t, 29.2% Pt g/t, Pt g/t, 64.7% 59.7% MERENSKY Pt to Pd Ratio: 2,42 Ratio is one of the highest in the industry 10
Slide 11: Production profile
Production profile Forecast Annual Production tonnages (t) 3 500 000 Waste Full Merensky UG2 Production depleted Merensky 3 000 000 2039 2023 2 500 000 2 000 000 Start of 1 500 000 Production 2018 1 000 000 Start of pre-sink LOM 5002012 000 2049 - 11
Slide 12: Funding
FUNDING • The China Development Bank (CDB) has approved the US$ 650m project funding. The finalization of project funding documents is currently in progress • The CDB, as part of the US$ 650m project funding, has also approved two bridging loans of US$ 100m each. • These short-term loans will be ref
Slide 13: Possible Synergy Opportunities
POSSIBLE SYNERGY OPPORTUNITIES • Infrastructure/bulk services: water and power supply (collective discussions with ESKOM and Magalies Water) • Concentrator Plant Synergy with Royal Bafokeng Platinum (Styldrift) • Sharing concepts for employee housing programme • Proposing joint training and skills d
Slide 14: Exploration Times
EXPLORATION TIMES 14
Slide 15: Site View – March 2012
SITE VIEW – MARCH 2012 15
Slide 16: Site Aerial View
SITE AERIAL VIEW 16
Slide 17: Main Shaft Head Gear
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Slide 18: Main Shaft Kibble Winder
MAIN SHAFT KIBBLE WINDER MAIN SHAFT STAGE WINDER 18
Slide 19: Shareholder Composition
SHAREHOLDER COMPOSITION % ISC Mar-13 Company Related China-Africa Jinchuan Investment Ltd. 45.00% 732,522,177 Rustenburg Platinum Mines, Ltd. 13.01% 211,850,125 Directors & Related Holdings 0.11% 1,750,000 Total 58.12% 946,122,302 Empowerment Micawber 809 (Pty) Limited 5.98% 97,362,283 African Conti
Slide 20: Thank You
at Sibel : AN THANK YOU oe yee — vhs — wesizwe