The true depth of new ideas March 2013
Forward-looking statements Certain statements in this presentation constitute “forward - looking statements” or “forward - looking information” within the mean ing of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Ivanplats Limited (the “Company”), or industry results, to be materially different from any fu ture results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “believe”, “plan”, “estimate”, and other similar terminology, or state that certain actions, events or results “may” or “would” be taken, occur or be achieved. Forward-looking statements are based on a number of assumptions that may or may not prove to be correct, and involve significant risks and uncertainties, and accordingly should not be read as guarantees of future performance or results, and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the forward- looking statements set forth in this presentation. These factors include, but are not limited to: (i) the matters described in the Final Prospectus of the Company dated October 17, 2012, (the “Final Prospectus”), which includes a discussion under the heading “Forward Looking Sta tements” regarding relevant forward-looking statements and the assumptions, risks and uncertainties related thereto that are important to an understanding of the forward-looking statements included in this presentation; and (ii) those risks and uncertainties affecting the Company which are included throughout the most recent MD&A of the Company. Investors are directed to the “Risk Factors” section of th e Final Prospectus and of the most recent MD&A of the Company, which identify in detail several of the important risks relating to the Company that may have an impact on the forward-looking statements included in this presentation, copies of which are available on under the C ompany’s profile at www.sedar.com. The forward- looking statements contained in this presentation are based upon the Company’s current expectations and are made as of the date of this presentation. The Company cannot assure investors that actual results will be consistent with these forward-looking statements and they are expressly qualified in their entirety by this cautionary statements. Subject to applicable securities laws, the Company assumes no obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this presentation. IMPORTANT INFORMATION This presentation relating to the Company is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities to the public in the United States and should not be considered as a recommendation that any person should subscribe for or purchase any securities of the Company.
18 years of company-building field experience Exceptional exploration successes For almost a generation, Ivanplats has been effectively developing its core strengths in Africa’s mineral fields. Launched in 1994 as African Gold and began exploring in South Africa. Active in Democratic Republic of Congo since 1996. US $255 million from private financings invested in projects to end of 2011. Japanese investors, led by trading house Itochu, invested US $290 million for a 10% stake in the Platreef PGM Discovery in South Africa.
We’ve done it once already... Oyu Tolgoi in Mongolia now producing copper and gold
Successful IPO and TSX listing in October 2012 marked a new beginning for Ivanplats In October 2012, Ivanplats began trading on the TSX following a successful IPO that raised CDN $306 million ( US $308 million). Total equity issued in connection with IPO was CDN $499 million ( US $501 million), including conversion into common shares of CDN $193 million in pre-IPO bonds. Largest Canadian mining IPO since 2010.
Board of Directors Robert Friedland, Executive Chairman and founder Peter Meredith Ian Cockerill Former CEO, Gold Fields Former Deputy Chairman, Lead Independent Director Ivanhoe Mines Cyril Ramaphosa Dr. Rilwanu Lukman Deputy President, ANC; Former Secretary General Chairman, MTN and President, OPEC William Hayden Oyvind Hushovd Former President, Ivanplats Former CEO, Falconbridge Charles Russell Guy de Selliers Former President, Former Executive Diamond Fields Resources Committee, EBRD William Lamarque Dr. Marc Faber Former Executive Director, Former Director, Rothschild Ivanhoe Mines
Experienced management team Lars-Eric Former Chief Financial Officer of Falconbridge, Noranda, Johansson Kinross Gold and Boliden. CEO Marna Cloete Formerly with PricewaterhouseCoopers; client base included Rio Tinto, BHP Billiton and Harmony Gold. CFO Michael Gray Former President of McIntosh Engineering; experience at Grasberg, Bingham Canyon, El Teniente and Olympic Dam. COO Steve Garcia Former Executive Vice President of Ivanhoe Mines; EVP & Chief directed construction of Oyu Tolgoi Mine (2005-2012) Development Officer David Broughton Key participant in Kamoa and Flatreef discoveries and Kansanshi pre-feasibility; involved in Tenke-Fungurume. EVP Exploration Michel Dufresne Over 25 years of development and operational experience at Collahuasi, Sudbury, Koniambo, Kidd Creek and Raglan. VP Projects
Platreef Project South Africa
Platreef PGE-Gold-Nickel-Copper Project Average thickness of 24 metres @ 2 g/t 4PE cut-off. Potential for safe, mechanized mining and significant by-product credits. Significant exploration upside and open along strike for several kilometres. Platreef 43-101-Compliant Mineral Resource, February 2013 @ 2 g/t 4PE cut-off True Contained Metal Tonnage 4PE Nickel Copper Thick- 4PE Ni Cu (Mt) (g/t) % % ness (m) (Moz) (M lbs) (M lbs) Indicated Resource 223 4.1 0.34 0.16 24.3 29.2 1,700 800 Inferred Resource 410 3.3 0.32 0.18 18.0 44.0 2,900 1,600 Note: Mineral Resources estimated assuming underground selective mining methods. 4PE = (Pt+Pd+Au+Rh). Nominal cut-off criteria for 2 g/t grade shell is minimum 3 metres.
Bushveld Complex produces 73% of global primary platinum production PGE production mainly from Merensky and UG2 reefs PLATREEF PROJECT Legend Anglo Platinum 100 km Impala Lonmin Other Town / City Smelter / refinery
Key Platreef licences Platreef on Northern Limb Mine Ivanplats Ivanplats JV ~30 km Platreef City horizon dips west. Anglo Platinum Lonmin Platreef PGE-Au-Ni-Cu Fault mineralization Property has thicknesses Boundary up to hundreds of metres. Turfspruit Platreef Macalacaskop 5 km
Platreef history Area 1 Rietfontein SW 2000-2006: Discovery extension of open-pit resource; 563 holes, 187,000 metres. Cross- 2007-2012: Discovery Section of underground resource; UMT 413 holes; ~443,000 metres. Turfspruit deposit Platreef 2010: Discovery of thick AMK high-grade Flatreef. + ATS deposits 2011: 30 drill rigs; discovery of southwest extension. Macalacaskop 15
Flatreef cross-section View to northwest 4.2 km SW NE 0 m Main Zone Selective High-Grade Zone 500 Flatreef 1000 Drillholes 1500 UMT in Flatreef 500 m ATS & UMT shallow holes 2000 Highest grades occur at top of Platreef
Coarse-grained sulphides in Flatreef
Flatreef: Merensky grades at Platreef widths Flatreef deposit Merensky Reef, Rustenberg 708.5m Merensky Flatreef (1) Reef 4 - 10 4.1 g/t Grade g/t 3PE 4PE 727.3m ~ 0.4 – 1.5 True drill hole UMT015D1 24.3 m thickness m 18.8-metre intercept @ 4.57 g/t 3PE, Grade - 0.65% nickel & 0.28% copper thickness < 5 - 15 99.6 (g-m/t) (1) Indicated Mineral Resource, cumulative T1m plus T2 zones, 2 g/t 4PE (Pt + Pd + Rh + Au) cut-off
Flatreef Mineral Resource, Feb. 2013 * This area contains: Indicated – 223Mt @ 4.1 g/t 4PE, 0.34% nickel, 0.16% copper. Inferred – 410 Mt @ 3.3 g/t 4PE, 0.32% nickel, 0.18% copper. * selective underground mining, 2 g/t 4PE cut-off Exploration Targets Range Tonnes 4PE Ni Cu (Mt) (g/t) (%) (%) low 31 3.36 0.26 0.13 Target 1 2.5 km 2 high 62 5.03 0.38 0.19 low 50 2.91 0.24 0.12 Target 2 7.6 km 2 high 220 4.11 0.32 0.16 3 km Untested areas: Step-out 37.5 km 2 drill hole Note: These exploration targets are conceptual in nature and there has been insufficient exploration to define the exploration targets as a mineral resource. It is uncertain whether further exploration will result in these exploration targets being delineated as a mineral resource. For a discussion on the material assumptions of the exploration targets, please refer to the Platreef Technical Report.
Strong and supportive strategic partners Sep 2010: Itochu Corp. of Japan acquired 2% of Platreef for US $10M. May 2011: Itochu, JOGMEC and JGC purchased additional 8% for US $280M. Potential for Japanese government-supported project financing. Itochu site visit to Platreef, 2011
Kamoa Project Democratic Republic of the Congo Kamoa Project, 2011
Recommend
More recommend
