Tharisa Plc · JSE:THA

Tharisa — Peel Hunt Metals & Mining Webinar March 2022

11 slides from Tharisa's conference presentation, March 2022

  1. Slide 1: This is Tharisa

    THIS IS THARISA Peel Hunt Metals & Mining Webinar March 2022

  2. Slide 2: Who We Are

    854.4 Mt 40.3 Moz 171.1 Mt WHO WE ARE IN MINERAL RESOURCE * IN CONTAINED 6E* IN CONTAINED CR2O3* 1 2 3 4 5 6 INTEGRATED 10 YEAR 20 YEAR R&D PROFITABLE CONSISTENT PGM and chrome operational LOM open pit developing innovative throughout dividend payer co-producer located in track record +40 YEAR end u

  3. Slide 3: FY2022 Q1 Production

    SPOT PGM BASKET PRICE SPOT CHROME PRICE FY2022 Q1 PRODUCTION ~US$3 103/oz* ~US$ 215/t*  Q1 sets new production records PGM (oz) 180 000 ‒ Tonnes milled at 1 432.1 kt, 160 000 140 000 120 000 ‒ 10.1% increase in PGM rougher feed grade at 1.75 g/t 100 000 80 000 ‒ Cr2O3 ROM grade at 18.1% 60 000 40 0

  4. Slide 4: 10 Year Review

    10 YEAR REVIEW RUN OF MINE PGM PRODUCTION 6 000 000 180 000 160 000 5 379 913 5 000 000 157 794 152 166 140 000 5 025 116 4 971 057 4 875 029 4 837 249 143 578 142 058 139 659 4 627 071 132 587 4 000 000 120 000 4 183 121 4036 418.0 118 040 3 921 139 3 908 505 100 000 3 000 000 80 000 78 228 74 118

  5. Slide 5: Karo Project Overview

    KARO PROJECT OVERVIEW  Tharisa has a 26.8% shareholding in Karo and an option to increase to a controlling stake  The Karo Project is located on the Great Dyke of Zimbabwe, north of the Zimplats Ngezi Operations  Zimplats had previously declared an indicated and inferred mineral resource over the

  6. Slide 6: Our Commodities

    tharisa OUR COMMODITIES

  7. Slide 7: Platinum Group Metals

    CONCENTRATED UNIQUE PLATINUM GROUP METALS SUPPLY APPLICATIONS  Six elements known for their unique properties and used in industrial, 5E PGM DEMAND medical, and electronic applications Rhuthenium Iridium 5% 1% Autocatalyst ~90%  Highly concentrated supply Rhodium 6% Autocatalyst ~40%  South Afric

  8. Slide 8: Positioning Tharisa in the PGM World

    FY2022 GUIDANCE POSITIONING THARISA IN THE PGM WORLD 165koz – 175koz  Fundamentals of PGMs in the long term are robust, driven by PGM PRICE CHART PT PD RH ‒ stable outlook for the internal combustion engine US$/oz Rh US$/oz 35000 3300 ‒ investment 30000 2800 ‒ industrial demand 25000 ‒ hydrogen fue

  9. Slide 9: Chrome

    FY2022 GUIDANCE CHROME 1.75Mt to 1.85Mt METALLURGICAL CHROME PRICE (US$/t)  Chrome is what makes steel stainless 240  South Africa hosts 72% of the global chrome reserves 220 200  75% of supply comes from primary producers 180 160  25% as a by product of platinum producers 140 120  Concentrated

  10. Slide 10: Positioning Tharisa in the Chrome World

    POSITIONING THARISA IN THE CHROME WORLD  1.5 Mt in FY2021 GLOBAL STAINLESS STEEL CAGR  Provides China with ~10% of all its chrome concentrate +5.0%  One of the largest global chemical grade chrome producers  Specialty chrome market trades at a premium ADDITIONAL STAINLESS STEEL  Vulcan Plant 2.

  11. Slide 11: Disclaimer

    DISCLAIMER These Presentation Materials are for information purposes only and must not be used or relied upon for the purpose of making any investment decision or engaging in any investment activity. Whilst the information contained herein has been prepared in good faith, neither Tharisa plc (the ‘C

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