Jubilee Metals Group Plc · LSE:JLP
Jubilee Metals — Jubilee Platinum — Investor Presentation (April 2011)
30 slides from Jubilee Metals's investor presentation, April 2011
Slide 1: Jubilee Platinum Presentation April 2011
Jubilee Platinum Presentation PLATINUM MINE TO METAL COMPAN NY April 2011 Private and confidential
Slide 2: Disclaimer
Di l i Disclaimer IMPORTANT NOTICE No representation or warranty, express or impplied, is given by Jubilee Platinum plc, as to the fairness, accuracy or completeness of the information or opinions contained in this document and no liability wh hatsoever is accepted for any loss howsoever arising fro
Slide 3: Introduction to Jubilee Platinum
I t d ti to Introduction t Jubilee J bil Platin Pl tinum (“Jubilee”) (“J bil ”) Jubilee is a platinum foocused mining & exploration company with wo orld class platinum assets complemented by its unique u processing ability of platinum concentratees giving the company a strategic competitive edge e o
Slide 4: Platinum Mine to Metal Company
‘PLATINUM MINE TO METAL’’ Company C Flagship Tjate Platinum Project • Attributable 16Moz 6PGE 6PGE*+AuAu (SAMREC Co ode), first mine area • Attributable 44Moz 6PGE+Au (targeted overr total area**) • Phase 2 of 3–Phase feasibility study in progrress Surface and Shallow Platinum Bearing Chrom mite Ree
Slide 5: Platinum Mine to Metal Company: Processing and Prospects
‘PLATINUM MINE TO METAL’’ Company C Platinum Processing (ConRoast) • ConRoast offers the key to unlocking platin num value in chrome ores • Proven processing route, lower capital, energy efficient and environmentally friendly • Feasibility study shows viable CVMR proccess to refine ConRoast product
Slide 6: The Bushveld Complex
Th Bushveld The B h ld Complex C l Jubilee properties (not to scale) N Northern Limb Eastern Limb Western Limb Tjate Bokfonteiin Middelburg Elandsdrift Map p reproduced p with p permission of Johnson Matthey y 6 Private and confidential
Slide 7: Tjate, the world's largest undeveloped block of defined platinum ore
Tjate, the world’s largest undeveloped block of defined platinum ore 7 Private and confidential
Slide 8: Tjate - World Class Platinum Project
Tjate - World Class Platinum Project location and project area • Three contiguous farms 5,143ha • Down dip of Implats’ Marula and Angloplats’ Twickenham T mines • Merensky grade 4.7g/t (3PGE+Au) over 110 cm reef thickness (SAMREC) • UG2 grade 5.7g/t (3PGE+Au) over 124 cm reef thickness (SAMREC) • Pr
Slide 9: Phase 2 of Feasibility Study
Ph Phase 2 off Feasibility F ibilit Study St d • Stage 1 In-fill drilling confirms reef continuity - all 9 infill holes intersected reef • Total of 51 bore holes drilled to date • Merensky grade confirmed - Exceptional UG2 grrade and increased thickness seen • I t Interpretation t ti off resultslt w
Slide 10: Tjate Mineral Resource Estimate (SAMREC)
Tj t Mineral Tjate Mi l Resource R estim timate t (SAMREC) Tonnes 3PGE+Au* 3PGE+Au* Classification g/t Million oz Indicated 11,561,359 5.28 1.964 Inferred 120 919 133 120,919,133 5 24 5.24 20 365 20.365 Total 132,480,493 5.24 22.329 Reef Tonnes Width 3PGE+Au 3PGE+Au m g/t Million oz Merensky 56,273,
Slide 11: Tjate scoping study on initial development
Tj t scoping Tjate: i study t d on initia i itiall development d l t Key assumptions – Initial development (15% of total re esources – Merensky only) ROM grade 5.0g/t (3PGE+Au); 0.22% Ni; 0.1 13% Cu Resource 47m tonnes from 600m to 1,100 1 100 0m Production 335,000 oz per annum (3PGE+A Au) Life of M
Slide 12: Jubilee by comparison: contained value per tonne
J bil by Jubilee b comparison i Contained value per tonne t ore 3,500 3,000 2,500 R/tonne 2,000 1,500 1,000 500 0 ra R ge q M Am 2 2 am ds e we No R s ll in P R An s s ra Pa UG G u at M izw at AQ M PT Ju - M Ph atm d an A Nk rth -U oo pl pl Ri e al es n at El le e st Pl iri Pa le Pl iri Ea bi W os s
Slide 13: Jubilee by comparison, cont'd: depth of mining
J bil by Jubilee b comparison, i cont’ t’’d Depth of Mining bult deeps skraal Plats plats eps eps eps bult Impala dee Amandleb Amandleb Union dee Union dee Magazyns Western P Western p Annoraq Northam Amplats Implats Jubilee Afplats Karee Union WEZ 0 500 1,000 Tjate 1,500 2 000 2,000 2,500 Source: Q
Slide 14: Value Curve for Platinum Mining Companies
V l Curve Value C ffor Pl Platinum ti Min Mining i Companies C i USD/oz Resources - Rece ent Market Valuation 34 38 40 31 Explorers average Producers average 31 35 28 30 8 18 25 17 20 10 15 7 10 3 5 2 0 we am Jubilee (tottal aq us oz) um um min min ats Aquariu Wesizw Anoora estimated d resource)) SA
Slide 15: Value Release Curve for Platinum Mining Companies
Value Release Curve for Platiinum Mining Companies Anglo Implats Plats $38/oz Jubilee Platinum Plc $224mn@ $34/oz $14/oz Wesizwe (attributable) $17/oz $84mn@ $3/oz (attributable) $160mn@ $1 10/oz (attributable 16m mn oz SAMREC comp pliant resource estimmate) Plus additio onal Valuation in $84mn @ $3
Slide 16: Tjate Feasibility Timeline
Tj t Feasibility Tjate F ibilit Timeline Ti li April May June 2011 2012 2012 H2 H1 H2 Phase 2 Stage 2 drilling Prefeasibility study (USD 5.5million n) 5 5million Phase 3 EIA Feasibility study (USD 4.2 million) Mining Right Application 16 Private and confidential
Slide 17: ConRoast process unlocking the Platinum in Platinum bearing chromite reefs
ConRoast process unlocking the Platinum i Platinum in Pl ti bearing b i chromite reefs 17 Private and confidential
Slide 18: The Bushveld Complex: Jubilee chrome ore opportunities
Th Bushveld The B h ld Complex C l Jubilee chromee ore opportunities (not to scale) N Northern Limb Eastern Limb Western Limb Elandsdrift Bokfontein /Chemstof Map p reproduced p with p permission of Johnson Matthey y 18 Private and confidential
Slide 19: Platinum Bearing Chromite Reefs: at & near surface opportunities
Platinum Bearing Chromite Re eefs at & near surface opportunities • Jubilee holds a strategic competitive ed dge in its ability to unlock the platinum value in chrome ores (lower group (“LG G”) & middle group (“MG”) reefs) • LG & MG reefs traditionally mined onlyy for chrome content in reef (Samanco
Slide 20: Platinum Bearing Chromite Reefs
Platinum Bearing Chromite Reefs R at & near surface opportunities 20 Private and confidential
Slide 21: ConRoast Process
ConRoast Process 21 Private and confidential
Slide 22: ConRoast
CONROAST Graphite electrode Off-gas port Feedp port Refractory brick Water- W co ooled shell Slag Metal Tap-holes Anod de 22 Photos Mintek Private and confidential
Slide 23: Why ConRoast?
Wh ConRoast? Why C R t? • Merensky reef (low chrome) depleting faster than UG2 • Increased mining of UG2 reef (high chrrome) by majors and new producers • Change from low to high chrome ore iss a threat to current platinum smelting process viability • Majors and juniors dependent on findin ng smelti
Slide 24: ConRoast - acquisition of smelting site - Middelburg Facility
ConRoast - acquisition q of sme elting g site – Middelburg Facility • Existing smelting infrastructure purchased d for commercialisation of ConRoast • Site with infrastructure,, power p supply pp y and d environmental permits p • 10 MW from own Sasol-gas driven generrator and 6MW from National Grid
Slide 25: ConRoast: unique selling points
C R ConRoast: t unique i selling lli poiints i t Green • Solves Sulphur Dioxide (S SO2 ) environmental problem >98% SO2 captured Safety • Avoids corrosive high high-tem tem mperature matte phase • Tolerant high-temperature e operation Energy efficient • Good temperature contro ol/distribution • No s
Slide 26: Strategic Alliances
Strategic Alliances • MoU with Northam Platinum jointly to evaaluate developing a new 5MW DC arc ConRoast facility to treat Booysendal con ncentrate (targeted for 2013) • Joint collaboration with Sylvania Resourcces to evaluate ConRoast processing of concentrate from Sylvania’s Sylvania s future Vol
Slide 27: Nickel Australia - Nickel resources
NICKEL AUSTRALIA - Nickel Ni k l resources • Estimated total 485,000t of nickel meta al mined and milled in surface tailings based on historic mill records - AMC Consulttants • Additional 522,082t of hot nickel tailing gs from ongoing operations • In-situ contained nickel metal value > US$9 U billio
Slide 28: Leinster nickel tailings
L i t nickel Leinster i k l tailings t ili • Large nickel sulphide resources in Western Australia • Near established infrastructure and services capex savings • Tailings supply agreement with BHP Billiton ( (BHPB) ) • Proven proprietary process technologies • Engineering study and economic evaluatio
Slide 29: Management
M Management t Board Colin Bird Non-executive Colin Bird is a chartered mining engin neer with multi commodity mine management experience in Africa, Spain, Chairman Latin America and the Middle East. HeH has been the prime mover in a number of public listings in the UK, Canada and South Africa and i
Slide 30: Corporate Facts
C Corporate t FFacts t Listed on London n’s AIM and the JSE • Traded on AIM and quoted on the JSE E Limited • Number of shares in issue: 256,536,0992 • AIM : JLP • JSE Limited: JLB • Main country of operation: South Africa Major Shareholders M&G INVESTMENT MANAGEMENT 14.83% JPMORGAN ASSET MANAGEMENT
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