Eastern Platinum Limited · TSX:ELR
Eastern Platinum — Investor Presentation (October 2006)
25 slides from Eastern Platinum's investor presentation, October 2006
Slide 1: Growing Platinum Group Metal Production
Growing Platinum Group Metal Production Ian Rozier, President & CEO October 2006
Slide 2: About Eastplats
About Eastplats • TSX and AIM listed company • Owns 69% of South Africa’s fifth largest PGM producer – 100,000 oz PGMs in FY2006 • Fourth largest platinum resource amongst South African producers – approximately 40 Moz Pt resource – 86 Moz PGM resource • Aggressive growth profile over next five year
Slide 3: Assets
Assets • 69% interest in Barplats Mines Limited Crocodile River Mine – Zandfontein – Maroelabult – Crocette deposits – Kareespruit Rhodium Reefs Limited – Kennedy’s Vale deposit (50M oz PGM) • 87% interest in Spitzkop Platinum Pty Ltd. – Spitzkop PGM Project (12.5M ozs to ELR) • 49% interest in Afri
Slide 4: Corporate Management & Barplats Operating Team
Corporate Management & Barplats Operating Team Eastplats • David Cohen, B.Sc., (Chem Eng), MBA, Pr. Eng (Chairman) – 20 years experience in international operations, project development and financing – Current CEO of Northern Orion Resources • Ian Rozier, B.Sc (Hons) M.Sc., P.Eng. (President and CEO
Slide 5: Platinum Price (US $ Monthly Average)
Platinum Price (US $ Monthly Average) 5
Slide 6: Platinum demand by application (million oz)
Platinum demand by application (million oz) 6
Slide 7: A clear focus on all PGM assets
A clear focus on all PGM assets • Projects with defined resources and metallurgical data • High grade – over 5g/t (3 PGE + Au) • Platinum and Rhodium rich – over 50% of value in Pt • Near surface – reef outcrops or exists at or near surface • Low capital costs – no new shafts required • Short produc
Slide 8: Location
Location Total resource base: 86 Moz PGMs Location of Bushveld Complex South Africa Bushveld Complex Crocodile River Bushveld resource: Complex 13 Moz PGMs Eastern Limb Lydenburg Mareesburg: 2 Moz PGMs Western Limb Kennedy’s Vale/ Spitzkop Resource: Rustenburg Pretoria 71 Moz PGMs 8
Slide 9: CRM position on western limb of Bushveld Complex
CRM position on western limb of Bushveld Complex Crocodile River mine 9
Slide 10: 69% interest in Barplats brings:
69% interest in Barplats brings: • Interest in two producing operations • 160,000 tpm processing plant • Current production of approx. 100,000 oz PGM • Est. production of over 280,000 oz by late 2008 • 70 million PGM resource oz • Significant growth potential beyond 2008 • Experience Operating/Manag
Slide 11: Crocodile River Mines (CRM)
Crocodile River Mines (CRM) • Two producing operations – Zandfontein and Maroelabult • New sections to be developed over the next 3 years • Existing 160,000 tpm beneficiation plant • Second DMS plant being installed in 2006 • Ore Conveyor system installed in Oct. 2006 at Zandfontein • Estimated prod
Slide 12: CRM surface facilities
CRM surface facilities • 160,000 tpm concentrator in place • 80,000 tpm dense medium separation (DMS) plant • DMS being expanded to 160,000 tpm by end of 2006 • Process capacity of 250,000 tpm in 2007 12
Slide 13: Crocodile River Mine
Crocodile River Mine Zandfontein • Ramp up to 160,000 tpm planned for Dec 2008 Maroelabult • Steady state production of 40,000 tpm by Dec 2006 Crocette • Prospecting rights received • Production scheduled for end-2007 • 40,000 tpm operation Kareespruit • Infill drilling 2007 • Feasibility study 2008
Slide 14: Eastern Bushveld
Eastern Bushveld • Kennedy’s Vale • Spitzkop • Mareesburg 14
Slide 15: Location Map: Kennedy's Vale, Spitzkop & Mareesburg
Location Map: Kennedy’s Vale, Spitzkop & Mareesburg Kennedy’s Vale Spitzkop Mareesburg Mareesburg 15
Slide 16: Kennedy's Vale
Kennedy’s Vale • Significant resource down dip and lateral to Spitzkop • Two shafts already in place for access to deeper KV sections • Combination with Spitzkop results in 50M oz project in UG2 • High grade, Pt and Rh rich UG2 reef Resources Tonnage Grade PGM oz Orebody Category (millions) 5 PGE &
Slide 17: Spitzkop
Spitzkop • 9.3M ozs Measured Resource in UG2 • High Average grade 7.7 g/t (5 PGE + Au) • Average platinum grade 3.5 g/t • Highest grades at shallow depth • Synergies with Kennedy’s Vale • Feasibility study expected Q3 2007 Resources Tonnage Grade PGM oz Orebody Category (millions) 5 PGE & Au (millio
Slide 18: Kennedy's Vale and Spitzkop
Kennedy’s Vale and Spitzkop • 50 Mozs PGM resource in UG2 • Contiguous projects can be mined as one operation • Integrated feasibility study in progress – ready late 2007 • Initial mining at surface near Spitzkop • Two shafts exist to access deeper sections • Initial potential to produce 300,000 opa
Slide 19: Mareesburg
Mareesburg • 2 million oz PGM resource (75% Measured) • Eastplats has 75.5% interest (1.5M ozs to Eastplats) • Average grade of measured resource 5.4 g/t (3PGE+Au) • Quick start-up(<2yrs)with low anticipated capital cost • Feasibility study almost completed Resources Tonnage Grade PGM oz Orebody Cat
Slide 20: Black Economic Empowerment
Black Economic Empowerment • Eastplats established to take advantage of changes to SA minerals legislation and Mining Charter • Eastplats is fully-empowered – Barplats (Crocodile River and Kennedy’s Vale): Gubevu Consortium – Spitzkop: Afri Minerals – Mareesburg: Zondwa Mining 20
Slide 21: Five-year project pipeline
Five-year project pipeline FY2006 FY2007 FY2008 FY2009 FY2010 75,000oz PGMs 160,000oz PGMs 300,000oz PGMs 500,000oz PGMs 600,000oz PGMs • Production • Production from • Production from • Production from • Production from from CRM’s CRM’s CRM’s CRM’s CRM’s Zandfontein Zandfontein, Zandfontein, Zandfo
Slide 22: Aggressive growth profile – FY2006 to FY2011
Aggressive growth profile – FY2006 to FY2011 PGM oz Rapid ramp-up to 700,000 oz PGMs in six years 22
Slide 23: Capital Structure
Capital Structure Total Shares Issued & Outstanding 516,228,821 Warrants 87,999,374 Options 17,180,000 Sub Total 105,179,374 Fully Diluted Shares Outstanding 621,408,195 Cash in Treasury C $70,000,000 Fully-Diluted Cash C $270,000,000 23
Slide 24: Summary
Summary • PGMs market remains sound, particularly long-term demand for platinum • Eastplats’ aggressive and low cost growth programme to deliver into demand • Currently producing over 100,000 opa • 5 year plan for 700,000 opa • Organic growth - 85 M ozs ‘in house’ • Substantial cash on hand for capi
Slide 25: Caution Regarding Forward Looking Statements
CAUTION REGARDING FORWARD LOOKING STATEMENTS: Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking statements” within the meaning of the Pr
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