Northam Platinum Holdings Limited · JSE:NPH
Northam Platinum — Investor Day (June 2019)
16 slides from Northam Platinum's investor day presentation, Jun 27, 2019
Slide 1: Eland Platinum Mine Investors Day
ELAND PLATINUM MINE INVESTORS DAY 27 June 2019 To grow the business into a long-life, major producer of PGMs, and doing this safely and efficiently while continuously moving down the cost curve.
Slide 2: History & The Way Forward
History & The Way Forward 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 UG2 Opencast 9/15 Kukama Shaft 2/17 Northam acquires Eland Platinum Mine Nyala Shaft Placed under care and maintenance Studies 3/19 Cr Plant TSF 1 Hydro mining PGM 6/19 Third
Slide 3: Surface infrastructure
Surface infrastructure Training Offices Centre Change Clinic house Nyala Kukama Shaft Shaft Mer Opencast Concentrator UG1 Tailings Storage Facility 3
Slide 4: Channel width and content
Channel width and content ▪ Normal facies = 1.53m ▪ Mineral resource • 152 million tons • 19.3 million 4E oz’s • Merensky opencast incl ▪ Normal facies = 4.3 g/t 4E ▪ UG2 Orebody dips at 190 ▪ 6.4 km Strike length 4
Slide 5: Grade distribution
Grade distribution 63.7% 26.8% 10.5% 0.7% 59.9% 28.8% 10.3% 1.1% 69.5% 19.5% 10.5% 1.0% 4.2 g/t 4.3 g/t 3.79 g/t 2.95 g/t
Slide 6: Kukama Mining
ELAND PLATINUM MINE KUKAMA MINING To grow the business into a long-life, major producer of PGMs, and doing this safely and efficiently while continuously moving down the cost curve.
Slide 7: Kukama layouts
Kukama layouts NORTHAM SMART PLATINUM MINING 7 www.northam.co.za
Slide 8: Footwall declines
Footwall declines 7.0m 5.0m Serv 3.0m CL Conv 12.0m 12.0m ✓ No shotcrete10m in competent @ 0° norites ✓ Full trackless development – proven and safe FOOTWALL DECLINES ✓ Emulsion explosives ✓ 44m system advance ✓ Simulations and time studies confirm 8
Slide 9: Mining Method & Support
Mining Method & Support ✓ On reef strike development HYBRID MINING ✓ Conventional stoping ✓ Less waste – better recoveries ✓ Specialised support teams ✓ In line shotcrete on strike development ✓ Specialised bolting systems ✓ Hydro powered drilling – shorter rounds BLASTING & SUPPORT SYSTEM ✓ Cartrid
Slide 10: Team philosophy
Team philosophy TEAM PHILOSOPHY • Teams together all the time , annual statutory Crew c M4 M5 M1 M2 M3 Mo Panel 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 M4 M5 1 2 3 70 70 100 100 leave over Christmas break 140 140 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 31 3
Slide 11: Kukama Production and Capex
Kukama Production and Capex 1 600 180 FY29: 160 1 400 150koz FY27: 140 1 200 128koz ROM (ktpa) and Capital (R'm) FY25: 120 1 000 100koz 100 4E kozpa 800 80 600 60 400 40 200 20 - - FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 FY37 FY38 FY39 FY40 Target ore min
Slide 12: Cumulative Net Cash Flow – F2020 onwards
Cumulative Net Cash Flow – F2020 onwards Cumulative net cash flows 4 000 3 000 3 383 2 000 2 149 R'm 1 000 1 221 - 213 ( 236) (1 000) ( 976) ( 884) (1 309) (2 000) FY20 FY22 FY24 FY25 FY27 FY21 FY23 FY26 Kukama Annual net cash flow Eland Cumulative net cash flows 12
Slide 13: Kukama Restart Business Case
Kukama Restart Business Case ✓ 19.3 Moz at 26 gr/m² in situ ✓ 1.53 m thick reef RESOURCE ✓ 6.4 km strike length ✓ Shallow mining ✓ >10% Rh ✓ 2 year development ✓ 5 year conventional stoping build-up MINING PLAN ✓ 137 ktpm at steady state ✓ 3.7 g/t 4E producing 150 kozpa ✓ Capital R 2.2 bn (project &
Slide 14: Mobile Tunnel Borer
ELAND PLATINUM MINE Mobile Tunnel Borer To grow the business into a long-life, major producer of PGMs, and doing this safely and efficiently while continuously moving down the cost curve.
Slide 15: Mobile Tunnel Borer Project
Mobile Tunnel Borer Project • Master Drilling performance validation project initiated • 300m of drilling to start, testing rates and turning radius • MTB placed in footwall conveyor decline (5.5m dia) • Three months of drilling planned (50m, 100m, 150m) 15
Slide 16: MTB Performance Validation
MTB Performance Validation 16