Royal Bafokeng Platinum — Corporate Update (March 2012)
26 slides from Royal Bafokeng Platinum's corporate update, Mar 30, 2012
Slide 1: Bafokeng Rasimone Platinum Mine JV (BRPM) Brief Overview
Bafokeng Rasimone Platinum Mine -JV BRPM (Boschkoppie) Brief Overview To seek and deliver “the good from mining” more than 30th March 2012 mining
Slide 2: Contents
Contents 1. Introduction 2. Locality 3. Geological Setting 4. Mine Overview 5. Safety and Production Indicators 6. Process Plant 7. Social and Labour 6. Conclusion & Outlook 2
Slide 3: Geological Overview
ROYAL BAFOKENG Dirarint Geological Overview
Slide 4: Bafokeng Rasimone Platinum-JV locality
Bafokeng Rasimone Platinum-JV locality 4
Slide 5: Geological Setting
Geological Setting • Exploiting Merensky and UG2 Reefs in the Western Bushveld Complex • Ore body avg. 12°dip NE RBPlat MINERAL RESOURCES INCLUSIVE OF MINERAL RESERVES Figures reflect 67% attributable interest to RBPlat RESOURCE TONS GRADE CONTENT REEF CLASSIFICATION (Million Tons) (4E g/t) (4E Mill
Slide 6: Resource optimisation strategy and exploration
Resource optimisation strategy and exploration 3D seismic survey • Well-understood, high-quality ore body • Cumulative drilling up to end of 2011 • total intersection points: 9,150 • total drillholes: 6,023 • total meters: 1,397km • 2011 exploration: • 65 drillholes, 70,000m (50,342m Styldrift II, 1
Slide 7: Merensky & UG2 Reef Domains
Merensky & UG2 Reef Domains Legend MR Outcrop H| — ver oncns si 1008 Reso is HEB 062 nines ov OH) oa tines out Main Reet U Transition Reet Normal Reet Top Laaded Central Reet oe UG2 Reef Facies Domains May | Scale me 1:30,000 orks Legend MR Cutcrop Oveerop HHMI 52 100% Resource Loss HE 1102 rare out
Slide 8: Further organic growth in Styldrift II
Further organic growth in Styldrift II • Styldrift II project area • resource area ± 23 million m2 • depth 900m — 1,400m, average dip 90 • average Merensky/UG2 middling 35m • Potential size of investment similar to Styldrift I • Opportunity will be evaluated through: • study consisting of a concept,
Slide 9: Operational BRPM Mine Overview
Operational BRPM Mine Overview Review 9
Slide 10: Infrastructure
Infrastructure South Shaft Ore Conveyed to Plant North Shaft South Shaft Sample prep ROM North Shaft 10
Slide 11: Belt Ridding
Belt Ridding 11
Slide 12: Safety & Production indicators
Safety & Production indicators 12
Slide 13: In Memory of Castigo Mario Ndeve
In Memory of Castigo Mario Ndeve We remember Castigo Mario Ndeve who passed away on 6th February 2012 as a result of injuries sustained during a fall of ground incident at BRPM’s North Shaft. Personal Information • Name : Castigo Mario Ndeve • Occupation : Cheesa (explosives assistant) • Birth Date
Slide 14: Lost time injury frequency rate
Lost time injury frequency rate 2.5 frequency rate / 200 000 hours worked 2.0 1.5 1.0 0.5 0.0 2011YT 2009A 2010A Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 D Actual 1.17 0.99 0.87 Actual 1.00 1.96 0.64 0.99 1.26 1.12 1.34 - 0.33 0.49 0.58 0.89 14
Slide 15: Total Development metres
Total Development metres 3,500.0 3,000.0 2,500.0 2,000.0 metres 1,500.0 1,000.0 500.0 0.0 2009A 2010A 2011Y Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 TD Act Sink m 70 98 30 58 52 41 56 40 40 36 22 13 3 - - Act Cap m 280 295 237 185 79 390 228 381 272 69 162
Slide 16: IMA Ore Reserves
IMA Ore Reserves 30 25 20 15 months 10 5 - 2009A 2010A 2011YT Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 D Actual 23.0 27.2 22.9 Actual 28.0 26.0 24.4 23.6 22.9 22.7 24.4 24.4 24.7 24.4 24.3 22.9 16
Slide 17: Monthly Average Tonnes Delivered to Concentrator
Monthly Average Tonnes Delivered to Concentrator 250 200 000 tonnes 150 100 50 - 2009A 2010A 2011Y Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 TD Actual 181 197 190 Actual 183 184 183 188 209 221 202 206 214 143 198 155 17
Slide 18: Tonnes Delivered to Concentrator per total Operating Employee
Tonnes Delivered to Concentrator per total Operating Employee 40.0 35.0 30.0 25.0 20.0 T / emp 15.0 10.0 5.0 0.0 2011YT 2008A 2009A 2010A Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 D Actual 25.8 27.5 29.0 29.0 Actual 27.2 28.9 29.3 29.4 33.1 34.6 31.3 31.4 32
Slide 19: Process Plant
Process Plant 19
Slide 20: Process Plant
Process Plant ISA Mill ROM CCO CRUSHER Process 1 2 3 4 5 Ball Mill Float Dry Dispatch to Crush Product Smelter 20
Slide 21: 4E Concentrator Recovery
4E Concentrator Recovery 89.5 89.0 88.5 88.0 87.5 87.0 % 86.5 86.0 85.5 85.0 84.5 84.0 2009A 2010A 2011Y Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 TD Actual 86.3 86.5 87.8 Actual 85.8 88.8 88.3 88.4 87.9 87.2 86.9 88.2 87.5 88.8 88.0 88.3 21
Slide 22: Business Improvement
Business Improvement • Set up mining to achieve efficiencies (Stope Drill Pattern,Gully 9 hole director, Winch Repairs and spare motors, Winch installation upgrade, Anfex Loaders /desludging, Scraper configuration, Material Handling ) • Monitor and manage initiatives • Reduce fixed cost base 22
Slide 23: Social and Labour -Communities-
Social and Labour -Communities- 2012 Focus Area: Poverty Alleviation & Job 1. Creation Project: Commercial Agri Business (Hatchery / Cattle & Crop Farming Focus Area: Education Support 2. Project: Sports Facilities Focus Area: Infrastructure 3. Project: Light Industry Center 23
Slide 24: Future Production
Future Production • Focus is on Merensky, with significant quality UG2 • UG2 to gradually replaces Merensky production at Boschkoppie 6 000 5 000 4 000 Styldrift 3 000 kt Boschkoppie UG2 2 000 Boschkoppie Merensky 1 000 - 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Boschkoppie Merensky Bo
Slide 25: Summary
Summary • Ore Body well understood • Opportunity for Organic Growth • Shallow ore body with good infrastructure • Improved safety performance YOY • Stoppages impacted on volume (investing in increased face length) • Healthy IMA ore reserve position • Improved Plant recoveries • Community engagement
Slide 26: Thank you
Thank you 26
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