Wesizwe Platinum Limited · JSE:WEZ
Wesizwe Platinum — Corporate Update (October 2013)
17 slides from Wesizwe Platinum's corporate update, Oct 31, 2013
Slide 1: Wesizwe Platinum – a Unique Chinese/South African Mining Partnership
Wesizwe Platinum – a Unique Chinese/South African Mining Partnership A Presentation for the Analysts Visit to the Bakubung Platinum Mine on Thursday 31 October 2013
Slide 2: Disclaimer
DISCLAIMER Certain forward-looking statements may be contained in the presentation which include, without limitation, expectations regarding metal prices, estimates of production, operating expenditure, capital expenditure and projections regarding the completion of capital projects as well as the f
Slide 3: Wesizwe Platinum – A BRICS Strategic Partnership in Action
WESIZWE PLATINUM – A BRICS STRATEGIC PARTNERSHIP IN ACTION • Wesizwe Platinum and its Bakubung Platinum Mine project in South Africa is a tangible example of a BRICS strategic partnership between member countries in action • Wesizwe Platinum is developing its 350 koz pa PGM mine on the western limb
Slide 4: Introducing the Project
INTRODUCING THE PROJECT • Wesizwe Platinum is developing its 100% owned Bakubung Platinum Mine located on the western bushveld. • The mine will produce up to 350koz per annum over a 35 year life of mine, with production ramp-up from 2018. • Chinese strategic equity partner and funder ensures that th
Slide 5: A Clean Ownership Structure
A CLEAN OWNERSHIP STRUCTURE BEE, MICAWBER ™, ANGLO AMERICAN *, ? CHINA-AFRICA £ JINCHUAN | me ian PLATINUM, INSTITUTIONAL AND OTHER WESIZWE See 100% #7 AFRICA WIDE 26% 100% u BAKUBUNG 100% bi BAKUBUNG PLATINUM MINE NY “SHAREHOLDERS MASEVE™~ . — —“—-_ We SI! Z Ww € f _ PLATINUM GROUP METALS (TSX LIST
Slide 6: Our Business Strategy
OUR BUSINESS STRATEGY • To ensure that the Bakubung Platinum Mine is delivered within budget and on schedule • To deliver synergies with industry players close to the project • To deliver synergies with our strategic partner - Jinchuan • To achieve 26% BEE ownership from the current 16% HDSA Holding
Slide 7: A Perfectly Located Quality Resource
A PERFECTLY LOCATED QUALITY RESOURCE
Slide 8: One of the Best To-Be-Mined PGM Ore Bodies in South Africa
……. ONE OF THE BEST TO-BE-MINED PGM ORE BODIES IN SOUTH AFRICA NW 1200m SE 670m Shallow ground on Koedoesfontein ~500m below surface UG2P New fault 20m throw An impressive mining platform, flat lying and structurally stable 9
Slide 9: Key Asset Differentiators
KEY ASSET DIFFERENTIATORS • Shallow in relation to other producers: mean mining depth of 850mbc • High mining extraction – 74% • Thick reef widths - 1.4m to 1.7m - higher operating efficiency and yields • Favourable prill split – good Pt yield from Merensky reef, improved basket value • Head grades
Slide 10: Production Profile
PRODUCTION PROFILE Full Merensk Producti y on depleted 2023 2039 Start of Product ion 2018 Start of pre- LOM sink 2049 2012 10
Slide 11: Project Funding
PROJECT FUNDING • Wesizwe Platinum announced the approval of the China Development Bank US$ 650 million loan facility in January this year • As part of the funding, Wesizwe obtained two bridging loan facilities of US$ 100 million each. • At the end of June 2013, Wesizwe had R2 billion in cash resour
Slide 12: 2013 Project Highlights
2013 PROJECT HIGHLIGHTS • 2013 saw the successful conversion from pre-sink to slow sink on the 8.5m diameter main shaft • The main shaft headgear depth at 256m at October month end • Ventilation shaft headgear has been commissioned • Ventilation shaft in main sink and at a depth of 397m as of Octobe
Slide 13: Project Expenditure and Delivery on Milestones
PROJECT EXPENDITURE AND DELIVERY ON MILESTONES • Total capital expenditure to end June 2013 was R1.11 billion with commitments remaining as at the end of the period of R1.3 billion. • The project is 14% complete, relative to a planned completion of 15%. The slight shortfall in percentage completion
Slide 14: Project Optimisation and Synergy Strategies
PROJECT OPTIMISATION AND SYNERGY STRATEGIES • Wesizwe Platinum has implemented a very significant mine optimisation study. The optimisation process is designed to maximise mine efficiency and minimise project capital expenditure and, in time, operating costs. • The optimisation study will be complet
Slide 15: Human Resources
HUMAN RESOURCES • 2013 saw the appointment of a new Mine General Manager and a new Resident Engineer at the Bakubung Platinum Mine • At full production, the mine will employ 3200 employees directly • Current permanent employees at the mine site is 54, with 903 contract workers • Large contractors ar
Slide 16: Stakeholder Relations
STAKEHOLDER RELATIONS • Maintaining good stakeholder relations with all important identified stakeholder groups that are critical to the success of Wesizwe, is a strategic priority • Wesizwe has implemented a fully integrated stakeholder relations and corporate communications strategy which is achie
Slide 17: Thank You
aera wesizwe Thank You