Northam Platinum Holdings Limited · JSE:NPH

Northam Platinum — H1 2005 Earnings Presentation

9 slides from Northam Platinum's earnings presentation, Jan 3, 2005

  1. Slide 1: Interim Results for the 6 months ended 31 December 2004

    INTERIM RESULTS for the 6 months ended 31 December 2004 Conveyor belt fire Bearing failed on tensioning device return pulley. 1

  2. Slide 2: Safety

    Safety 10 3 9 7.99 8 2.06 7 2 6 5.28 1.51 4.82 5 1.28 1.21 4.02 1.14 4 0.96 0.92 1 3 2.50 2.10 2 1.30 1 0 0 F1999 F2000 F2001 F2002 F2003 F2004 H1 F2005 F1999 F2000 F2001 F2002 F2003 F2004 H1 F2005 LTIIR (per 200 000 man hours) RIIR (per 200 000 man hours) Regrettably, a total of 11 people died in m

  3. Slide 3: Operating results and Financial results

    Operating results • Total development metres 34.6% lower at 4 876m • Total square metres mined down 25.2% to 183 566m2 • Tonnes milled down 18.4% to 989 883 tonnes • Combined head grade up marginally to 5.6g/t (3PGE+Au) • PGMs in concentrate produced 18.4% lower at 4 649 kg • Merensky ore reserve im

  4. Slide 4: Metals production and Refined metal sales

    Metals production Six months ended Dec 2004 Dec 2003 Change Platinum (kg) 2 893 3 544 (18.4%) Palladium (kg) 1 405 1 721 (18.4%) Rhodium (kg) 252 308 (18.2%) Gold (kg) 99 121 (18.2%) Total 4 649 5 694 (18.4%) Refined metal sales Six months ended Dec 2004 Dec 2003 Change Platinum (kg) 2 886 4 086 (29

  5. Slide 5: Metal prices realised and Sales revenue

    Metal prices realised (R/kg) Six months ended Dec 2004 Dec 2003 Change Platinum 167 315 162 933 2.7% Palladium 42 434 43 121 (1.6%) Rhodium 228 212 108 213 110.9% Gold 83 364 84 654 (1.5%) Basket (3PGEs+Au) 132 645 123 121 7.7% Sales revenue (R000s) Six months ended Dec 2004 Dec 2003 Change Platinum

  6. Slide 6: Unit operating costs and Basket price sensitivity

    Unit operating costs Six months ended Dec 2004 Dec 2003 Change Operating cost (R/kg) 132 547 106 091 24.9% Operating cost (R/t milled) 623 498 25.1% Cash cost (R/kg) 119 742 97 051 23.4% Cash cost (R/t milled) 562 456 23.2% Basket price sensitivity R 000’s 200 $450/ oz $500/ oz 180 Cash positive $55

  7. Slide 7: Capital expenditure and Distributions to shareholders

    Capital expenditure (R million) Six months ended Dec 2004 Accelerated development 10.3 20 line fissure development (7 & 8 level) 3.1 Access infrastructure to 1 level and 14 level 3.1 Pumping upgrade 4.3 Shaft upgrade 2.0 Backfill reticulation 8.2 Routine 18.5 Total 49.5 Distributions to shareholders

  8. Slide 8: Operational issues in H2 and Key issues going forward

    Operational issues in H2 41 line fault 20 line fissure- sealing in progress Key issues going forward • Insurance claim • Booysendal transaction is expected to be concluded. • Pursue further growth opportunities • Refining 8

  9. Slide 9: Thank you

    INTERIM RESULTS the 6 months ended 31 December 2004 Thank you 9

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