Northam Platinum Holdings Limited · JSE:NPH
Northam Platinum — Investor Presentation (June 2008)
15 slides from Northam Platinum's investor presentation, June 2008
Slide 1: Introducing Northam
Introducing Northam • Listed on JSE since 1987. Admitted to JSE Social Responsibility Index in 2006 • Wholly owns and operates the Northam platinum mine. Acquisition of 100% of Booysendal platinum project at advanced stage • Set to increase resource base from 18Moz to 121Moz • O Only l iindependent,
Slide 2: Where we are / Northam mine – quick overview
Where we are Polokwane PP Rust WF Mokopane Lebowa Dwaalkop Twickenham CRF Limpopo Marula Thabazimbi Modikwa Amandelbult Northam Union Bela Bela Two Rivers Pilanesberg Mototolo Der Brochen Sedibelo Groblersdal Everest Booysendal BRPM Zeerust Brits Impala SF Rustenburg Pandora RPM Croc Eland Pretoria
Slide 3: Capacity, infrastructure, expertise
Capacity, infrastructure, expertise • Underground mining operations • Twin shaft system • Mining both the Merensky and UG2 reefs • Pioneers of low environmental impact hydropowered mining technology 5 Capacity, infrastructure, expertise, cont’d Integrated metals processing • Two concentrators concen
Slide 4: Established track record
Established track record 7 Established track record, cont’d *After dividend distributions 8 4
Slide 5: Sound fundamentals for PGM market
9 Sound fundamentals for PGM market • Demand outlook for all metals to remain strong • Pt and Rh markets currently driven by physical shortages and supply side risks; the market deficit for these metals to continue • Pd market surplus to persist; however, continued substitution for Pt in autocats, s
Slide 6: Sustained growth in basket prices
Sustained growth in basket prices H2 2008 average (to date) – R440 838/kg R440 838/kg ($1821/oz) R291 547/k 547/kg R304 494/k 494/kg R264 866/kg ($1265/oz) ($1367/oz) ($1139/oz) 11 12 6
Slide 7: Need for growth / Why Booysendal
Need for growth • Current life of mine of 16 years • Limited production growth within Northam lease • Risk associated with single operating asset • Current shareholding structure restricts corporate and managementt flexibility fl ibilit 13 Why Booysendal Huge resource - 103 million oz (745Mt) Size A
Slide 8: The best address / Into the big league
The best address Two Rivers Mototolo Mareesburg Der Brochen Everest North 37km Booysendal y Everest 14.5km MR UG2 5 km 15 …into the big league Attributable PGM 4E koz 16 8
Slide 9: Transaction progress to date / Up and running
Transaction progress to date Completed • Agreement reached with Anglo Platinum on ancillary assets: • electrical power (16MVA) • water (7 Megalitres per day) • tailings dam location • access to Booysendal (over Der Brochen) • Competition Board approval obtained • CPR concluded • Project team constit
Slide 10: Beautiful geology
19 Beautiful geology West East Land surface Merensky UG2 8km Northern boundary Everest 20 10
Slide 11: Production build-up underpins capex / Transforming Northam
Production build-up underpins capex ktpm R million Sep August Sep 2009 2010 2011 2012 2013 2014 2007 2008 2009 Finalise BFS Announce Complete Steady state start mine First production transaction pre-feasibility production construction Build-up (ktpm) NHM (ktpm) 21 Transforming Northam Northam today
Slide 12: Recognition from the market / The investment case
Recognition from the market Announcement of MVL / NHM / BYDL Revised transaction transaction 04 Sep 07 announcement 31 January 08 23 The investment case • Track record of consistent delivery to shareholders • Near-term expansion through acquisition of world-class asset • Generating additional revenu
Slide 13: Shareholder info and market statistics
25 Shareholder info and market statistics Market statistics* Market capitalisation (bn) R16.7 (US$2.1) Shares in issue (m) 238.38 Share price R70.00 (US$8.97) JSE Share code NHM S Sector Platinum Free float 56% Liquidity (% of free float mkt cap 12m) 92% *JSE market closing price – 9 April 2008 Rand
Slide 14: Contact information / Forward-looking statements
Contact information Northam Platinum Limited 1st Floor, 1A Albury Park Magalieszicht Avenue Dunkeld West Johannesburg 2196 South Africa Tel: +27 11 759 6000 Fax: +27 11 325 4795 Website: www.northam.co.za 27 Forward-looking statements Certain forward looking statements are contained in this presenta
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