Sylvania Platinum Ltd. · LSE:SLP
Sylvania Platinum — Investor Presentation (April 2011)
25 slides from Sylvania Platinum's investor presentation, April 2011
Slide 1: Introducing Sylvania Platinum
Introducing Sylvania Platinum Terry McConnachie CEO Nigel Trevarthen Deputy CEO Louis Carroll CFO www.sylvaniaplatinum.com
Slide 2: Disclaimer
Disclaimer Certain forward-looking statements may be contained in this presentation which include, without limitation, expectations regarding platinum prices, estimates of production, operating expenditure, capital expenditure and projections regarding the completion of capital projects as well as t
Slide 3: Investment Summary
Investment Summary “Low Cost, Low Risk, High Margin” • Experienced management team • Scheme of Arrangement completed March 2011 • Track record of design and construction – 5 chrome tailings processing plants fully operational – 6 by 2012 • Established producer – Owner – Operator since 2007 – FY 2010
Slide 4: Financial Performance
Financial Performance 6 months to Dec 2009 6 months to Jun 2010 6 months to Dec 2010 H1 FY10 H2 FY10 H1 FY11 Total 3E and Au Oz 11,408 14,588 18,530 Gross Basket Price US$/oz 1,273 1,406 1,558 Revenue R’000 77,889 120,705 139,090 Gross Cash Margin % 41% 44% 45% Operating Profit R’000 34.3 52.2 48.2
Slide 5: Sylvania in brief - Significant Resources
Sylvania in brief • Significant Resources – Dump Material , Current Arisings & Run of Mine – Volspruit Mine (Northern and Southern Ore Bodies) Measured Indicated / Inferred PGM 1.15 Million oz 2.44 Million oz Nickel 87.8 Million lbs 174.8 Million lbs Copper 25.5 Million lbs 51.5 Million lbs Source
Slide 6: Sylvania in brief
© Sylvania in brief S¥YLVANIA PLATINUM LimiTtEeD LOCALITY WITHIN SOUTH AFRICA LEGEND: INFRASTRUCTURE GEOLOGY | iz ~~. Roads Younger Cover Rocks: N ~~, Main Ri Ye cai itrusion: Cracouw (SLV) 5 eenprenao eta Carre | ole A R Mineral Projects Granites and allied rocks ~ | se Hae Se ceun! | a 4 Cperatng
Slide 7: Sylvania Dump Operations (SDO)
Sylvania Dump Operations (SDO) • Plants designed and built by Sylvania – Based on the pioneering CTRP (SLP 25%) – Sylvania Metals’ SDO now 100% owned by Sylvania Platinum • PGM recovery from Chrome Ore & Tailings now proven – Plants process tailings directly from Samancor plants o Most Samancor mine
Slide 8: Sylvania Dump Operations
Sylvania Dump Operations Chrome tailings dump & current arisings Chrome Chrome product recovery plant PGM flotation plant Ball mill Thickener PGM concentrate 8
Slide 9: Sylvania Dump Operations (including CTRP)
Sylvania Dump Operations (including CTRP) • Encouraging Results – H1 FY2010 (6 mnths to 31 Dec) – Half year production of 18,530 oz (+62% y-o-y) o Market guidance of 18,000 oz – Revenue ZAR139m (+ 79% y-o-y) – 45% gross cash margin – Operating profit of A$7.2 million – Unit cash costs at R4,191 / oz
Slide 10: Sylvania Dump Operations Previous market guidance
Sylvania Dump Operations • Record ounces produced each quarter, continuous growth targets being met – Operations well underway to exceed 40,000 annual oz by June 2011 Market Commitment o Q1: 8,500 Q2: 9,500 Q3: 10,500 Q4: 11,500 2011: 40,000 Q1,2 Act & Forecast o Q1: 8,758 Q2: 9,772 Q3: 10,741 Q4: 1
Slide 11: Volspruit & Northern Limb Project Development Strategy
Volspruit & Northern Limb Project Development Strategy • Operating Strategy Mine – The Volspuit project becomes the model for future mines • Operations Overview – Open pit mine o Conventional drill and blast o Ore transported to concentrator plant Pelletizer Crushing and Milling – Processing plant F
Slide 12: Company Growth: Volspruit; mine, smelter & refinery project
Company Growth:- Volspruit; mine, smelter & refinery project • Overview – Volspruit mine developed and owned by SLP (74% after BEE) – Volspruit Smelter & Refinery planned to be owned by JV with Sylvania & Jubilee (50:50) • Bulk sample tested through a pilot plant at Mintek – Management is confident
Slide 13: Company Growth: Volspruit; mine, smelter & refinery project
Company Growth:- Volspruit; mine, smelter & refinery project Volspruit Near surface ore body 13
Slide 14: Volspruit Project Schedule Milestone Summary
Volspruit Project Schedule Milestone Summary • Project remains on track for October 2013 • Detailed project schedules in place – High confidence of project delivery 14
Slide 15: Company Growth: Northern Limb Projects
Company Growth:- Northern Limb Projects • Four geological targets or “Hot Spots” identified – Each hot spot could potentially lead to a new mine • New mines will roll out as per the Volspruit model – Mining and processing methods will be “ Cut and paste” from Volspruit – Processing plants identical
Slide 16: Sylvania Platinum Production Targets
Sylvania Platinum Production Targets • Long term production expected to achieve & maintain 225 000 oz per year 16
Slide 17: Company Growth: Northern Limb Iron Ore
Company Growth:- Northern Limb Iron Ore • Review of data acquired with Pan Palladium Cracouw • Magnetite Iron ore discovered on prospecting licenses Harriets TN Wish – Deposit runs parallel to the PGM deposit Main Magnetite Layer • Encouraging grades Aurora – Surface Grab Samples o Fe2O3 ranged from
Slide 18: Sylvania in brief
Sylvania in brief • Listings – Australian Stock Exchange (ASX:SLP) – London’s AIM market (AIM:SLP) – Shares in issue: 301,961,805 – Sylvania Platinum now successfully domiciled in Bermuda • Market Capitalisation: GBP 144.9 million * • Quality Shareholders o Audley; M&G Investment Management; Odey As
Slide 19: Contacts
Contacts +44 777 533 7175 Terry McConnachie terry@sylvania.co.za UK and South Africa +44 796 917 0622 Louis Carroll louis@sylvania.co.za +27 11 673 1171 South Africa Nigel Trevarthen +27 82 574 2251 nigel@sylvania.co.za Website: Sylvaniaplatinum.com 19
Slide 20: Appendices
Appendices ‘S) S¥UVANIA ATINRU@M LIBRITaEE
Slide 21: SDO including CTRP Results
SDO including CTRP Results 21
Slide 22: Company Growth: Northern Limb Hot Spots
Company Growth:- Northern Limb Hot Spots SYLVANIA RESOURCES -12000 E -11000 E -10000 E -9000 E -8000 E -7000 E -6000 E Hotspots at Aurora-Hacra -2598000 N The MSA Group Date: 29 March 2011N -2598000 0 250 500 750 1000 1250 1500 Metres -2599000 N -2599000 N Kransplaats 422LR Aurora 397LR HOTSPOT 1 Ri
Slide 23: Nth Limb Prospecting Rights
*Intends to lodge either new Prospecting Right Application for Fe, V, HM, Co, Py, Ag, S – in name of a new company or amend existing Prospecting Rights in terms of Section 102 to include the above minerals Nth Limb Prospecting Rights LP792PR ifo Sika‐Bopha – to be transferred LP679PR ifo RPM – to be
Slide 24: Area Hotspot 1 oxide Cut Off
Area Cut Off Tonnes Density 2PGE+Au Cu Ni Hotspot 1 oxide 2PGE+Au g/t ('000) g/t ppm ppm 1 1.0 13 2.61 1.03 661 509 Area Cut Off Tonnes Density 2PGE+Au Cu Ni Hotspot 1 fresh 2PGE+Au g/t ('000) g/t ppm ppm 1 1.0 76,584 2.71 1.25 414 329 2 1.2 36,750 2.71 1.42 426 326 3 1.4 24,249 2.71 1.48 386 302 4
Slide 25: Northern Limb Inferred Resource Summary
Northern Limb Inferred Resource Summary To 100m depth Oxide 1 g/t cut off tonnes grade 2E Cu ppm Ni ppm 2E ounces lbs Cu lbs Ni Hot Spot 1 13,000 1.03 661 509 430 18944 14588 Hot Spot 2 113,000 1.09 381 511 3960 94915 127300 Hot Spot 3 - 0 0 0 0 0 0 Hot Spot 4 1,911,000 1.24 434 390 76186 1828438 16
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