Analyst and Fund Manager facility visit 09 November 2006 1 1 - PowerPoint PPT Presentation

Potgietersrust Platinums Ltd Analyst and Fund Manager facility visit 09 November 2006 1 1

Potgietersrust Platinums Ltd Agenda • Location & Infrastructure Layout • Safety & Sustainable Development • Geology • Resources and Reserves • Mining and development • Production • Operating Costs • Capital expenditure • HR 2

Potgietersrust Platinums Ltd Location & Infrastructure Layout 3 3

Potgietersrust Platinums Ltd Legend UNKI PROJECT Zimbabwe Bushveld Complex Botswana Mozambique Namibia Anglo Platinum Republic U % POLOKWANE (PIETERSBURG) POTGIETERSRUST of Anglo Platinum - Joint Venture PLATINUMS LIMITED South Africa Polokwane Smelter ð Impala Platinum Mines Lonmin PLC % U LEBOWA PLATINUM MINES MOKOPANE (POTGIETERSRUS) Northam Platinum Limited Southern Era Merensky PASCHASKRAAL JV LIMPOPO MODIKWA UG2 TWICKENHAM Platreef % U BURGERSFORT NORTHAM AMANDELBULT BELA BELA (WARMBATHS) % U UNION DER BROCHEN LYDENBURG U % BAFOKENG/RASIMONE BOOYSENDAL JV STYLDRIFT JV NORTH-WEST RUSTENBURG GAUTENG U % MPUMALANGA PRETORIA U % PANDORA JV RUSTENBURG WITBANK ± U % 0 10 20 JOHANNESBURG U % Kilometres 4

Potgietersrust Platinums Ltd PPRust North Pit Zwartfontein- South Pit Sandsloot Pit Tweefontein North Tweefontein Hill 5

Potgietersrust Platinums Ltd Aerial Photo - PPRust PPRN ZW S SS 6

Potgietersrust Platinums Ga- Puka Ltd Ga- Sekhaolelo Location of villages and infrastructure Tailings New Tailings New Plant Plant ZWS Waste SS Waste PPRN Sterkwater 7 7

Potgietersrust Platinums PPRust North Sandsloot Ltd Concentrator Concentrator Sandsloot Pit Zwartfontein South Pit PPRust North Pit Ore Flow Diagram Ore Flow Diagram 8

Potgietersrust Platinums Ltd Safety & Sustainable Development 9 9

Potgietersrust Platinums Ltd Safety & Sustainable Development • Safety is our highest priority - target zero – ISO 14001, OSHAS 18001 Certified – Mobile machinery, slope stability – Noise induced hearing loss • Sustainable Development – Legacy • Social • Environmental • Economic • HIV/Aids – ART for employees plus spouses – Community initiatives 10

Potgietersrust Platinums Ltd Fatalities 3 2 1 0 1999 2000 2001 2002 2003 2004 2005 2006 11

Potgietersrust Platinums Ltd Lost Time Injuries Lost Time Injuries 40 35 30 25 No. of injuries 20 15 10 5 0 1999 2000 2001 2002 2003 2004 2005 2006 H1 36 21 14 9 6 3 11 5 LTI's 12

Potgietersrust Platinums Ltd Total number of injuries 120 100 No. of injuries 80 60 40 20 0 2000 2001 2002 2003 2004 2005 2006 YTD 103 84 62 67 37 22 14 Total 13

Potgietersrust Platinums Ltd Geology 14 14

Potgietersrust Platinums Ltd 15

Potgietersrust Platinums Ltd Core Drilling Statistics Metres Year Main Areas drilled 2001 11,634 Sandsloot (SS) 2002 50,436 SS, PPRust North (PN) SS, PPRN, Zwartfontein South 2003 183,165 (ZS) 2004 80,445 SS, ZS, PN, Tweefontein (TW) 2005 79,493 SS, PN, TW 2006 H1 41,755 PN, TW 16

Potgietersrust Platinums Ltd PPRust North - Geological Model 2005 N • Size of grid 17

Potgietersrust Platinums Ltd Pit sections and designs 18

Potgietersrust Platinums Ltd Example Section through Sandsloot 19

Potgietersrust Platinums Ltd Final Pit design for Sandsloot •Width : 600m •Length : 1,700m •Depth : 270m 20

Potgietersrust Platinums Ltd Example section through Zwartfontein South pit 21

Potgietersrust Platinums Ltd Final Pit design for Zwartfontein South •Width : 690m •Length : 1,655m •Depth : 265m 22

Potgietersrust Platinums Ltd Example Section through PPRust North 23

Potgietersrust Platinums Ltd Final Pit design for PPRust North •Width : 1,100m •Length : 5,800m •Depth : 350m 24

Potgietersrust Platinums Ltd Resources and Reserves 25 25

Potgietersrust Platinums Ltd Resource & Reserve Statement Sandsloot (31/12/2005) R esource Category Tons (‘000) P GE (g/t) 4E Oz (‘000) 35,620 2.48 2,830 Measured 26,010 3.08 2,580 Indicated 54,530 2.55 4,480 Inferred Total R esource 116,150 2.65 9,890 R eserve Category Tons (‘000) P GE (g/t) 4E Oz (‘000) 15,230 2.79 1,370 P roved 7,100 3.19 730 P robable Total R eserve 22,330 2.92 2,100 26

Potgietersrust Platinums Ltd Resource & Reserve Statement Zwartfontein South (31/12/2005) R esource Category Tons (‘000) P GE (g/t) 4E Oz (‘000) 31,630 2.3 2,340 Measured 23,270 2.6 1,940 Indicated 65,330 2.02 4,250 Inferred Total R esource 120,230 2.21 8,530 R eserve Category Tons (‘000) P GE (g/t) 4E Oz (‘000) 17,130 3.61 1,980 P roved 8,36 3.63 980 P robable Total R eserve 25,490 3.62 2,970 27

Potgietersrust Platinums Ltd Resource & Reserve Statement PPRust North (31/12/2005) R esource Category Tons (‘000) P GE (g/t) 4E Oz (‘000) 97,960 2.07 6,510 Measured 216,540 2.67 18,550 Indicated 413,260 1.91 25,370 Inferred Total R esource 727,760 2.16 50,430 R eserve Category Tons (‘000) P GE (g/t) 4E Oz (‘000) 256,890 3.19 26,350 P roved 43,580 3.24 4540 P robable Total R eserve 300,470 3.2 30,880 28

Potgietersrust Platinums Ltd Resource & Reserve Statement Total PPRust (31/12/2005) R esource Category Tons (‘000) P GE (g/t) 4E Oz (‘000) 206,140 2.58 17,080 Measured 715,030 2.46 56,490 Indicated 1,472,510 1.79 84,530 Inferred Total R esource 2,393,670 2.05 158,100 R eserve Category Tons (‘000) P GE (g/t) 4E Oz (‘000) 289,250 3.19 29,710 P roved 59,050 3.29 6240 P robable Total R eserve 348,290 3.21 35,940 29

Potgietersrust Platinums Ltd 4E Prill split history 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2002 2003 2004 2005 2006 YTD 45.93% 43.80% 43.45% 43.76% 42.06% P latinum 45.34% 47.31% 47.90% 47.76% 49.20% P alladium R hodium 3.37% 3.38% 3.32% 3.21% 3.23% 5.36% 5.51% 5.33% 5.28% 5.52% G old 30

Potgietersrust Platinums Ltd 4E Prill split per pit (life of pit) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Sandsloot Zwartfontein South P P R ust North 41.21% 42.94% 41.97% P latinum 47.78% 47.04% 48.41% P alladium R hodium 3.63% 3.27% 3.04% 7.38% 6.74% 6.58% G old 31

Potgietersrust Platinums Ltd Ni & Cu content (life of pit) 25% 20% 15% 10% 5% 0% Sandsloot Zwartfontein South P P R ust North 17.39% 19.47% 21.43% Nickel 9.23% 9.62% 11.53% Copper 32

Potgietersrust Platinums Ltd Mining & Development 33 33

Potgietersrust Platinums Ltd Pit Layout - Sandsloot • Life of mine : 3 years • 20,000,000t in 2006 • 55,000t per day • bench height 15m • current depth 255m • planned depth 270m • current length 1,700m • current width 600m • ramp gradient 10% • ramp width 35m • stripping ratio 7.9:1 34

Potgietersrust Platinums Ltd Pit Layout – Zwartfontein South • Life of mine : 8 years • 30,000,000t in 2006 • 82,000t per day • bench height 10m • current depth 110m • planned depth 245m • current length 1,300m • current width 430m • ramp gradient 10% • ramp width 35m • stripping ratio 11:1 35

Potgietersrust Platinums Ltd Pit Layout – PPRust North • Life of mine : >30 years • 16,500,000t in 2006 • 45,000t per day • bench height 15m • current depth 30m • Planned depth 350m • current length 300m • planned length 5,800m • current width 200m • planned width 1,100m • ramp gradient 10% • ramp width 40m • stripping ratio 8:1 36

Potgietersrust Platinums Ltd Equipment list • Dump Trucks – Caterpillar 785 Dump x 23 – Caterpillar 793 x 1 – Unit Rig MT 3700 x 6 – Unit Rig MT 4000 x 1 • Shovels – O&K RH 200 x 4 – O&K RH 340 x 3 • Drills – Drilltech 1190E x3 – Pit Viper 351 x 2 37

Potgietersrust Platinums Ltd PPRust’ ’s s Truck and Shovel operation Truck and Shovel operation PPRust 38

Potgietersrust Platinums Ltd PPRust’ ’s s Truck and Shovel operation Truck and Shovel operation PPRust 39

Potgietersrust Platinums Ltd PPRust’ ’s s Drill & Blast operations Drill & Blast operations PPRust 40

Potgietersrust Platinums Ltd Production 41 41

Tons mined Tons mined Potgietersrust Platinums Ltd 60 50 40 Mt 30 20 10 0 2001 2002 2003 2004 2005 2006 H1 - - - - 3.7 PPR ust North 1.2 16.8 27.7 31.3 18.1 Zwartfontein South 29.6 38.5 31.6 26.3 25.5 6.2 Sandsloot • Ga-Pila relocation 2002 – increased stripping ratio • Zwartfontein South pit commenced 2002 PPRust North project 2006 • 42

Tons milled Potgietersrust Platinums Ltd 5,000 4,500 4,000 3,500 Tons ('000) 3,000 2,500 2,000 1,500 1,000 500 0 2001 2002 2003 2004 2005 2006 H1 674 2,033 2,241 1,152 Zwartfontein South 4,270 4,375 3,693 2,437 2,294 1,073 Sandsloot Increased capacity from incremental process enhancements • 43