Tharisa Plc · JSE:THA
Tharisa — Shanghai Platinum Week 2022
16 slides from Tharisa's conference presentation, Sep 6, 2022
Slide 1: Shanghai Platinum Week
SHANGHAI PLATINUM WEEK Where will the future supply of platinum come from? 6 September 2022
Slide 2: Who We Are
854.4 Mt & 152.1 Mt 40.3 Moz & 10.0 Moz 171.1 Mt WHO WE ARE IN MINERAL RESOURCE * IN CONTAINED 6E* IN CONTAINED CR2O3* 1 2 3 4 5 6 INTEGRATED 20 YEAR GROWTH R&D PROFITABLE CONSISTENT PGM and chrome LOM open pit pipeline to double developing innovative throughout dividend payer co-producer located in
Slide 3: Our Positive Impact
OUR POSITIVE IMPACT JOB CREATION EDUCATION AND WELLNESS ▪ Creation of 3 000 new jobs (employees and permanent contractors) ▪ AET programs on site for employees and communities ▪ ~700 people from immediate community ▪ 48 learners in 2022 ▪ Employees on full medical aid and provident fund ▪ Math and S
Slide 4: An Ethos of Innovation
AN ETHOS OF INNOVATION ▪ Innovation is at the core of Tharisa’s ethos ▪ Key strategic projects under R&D at AMBS ▪ Technology the key enabler for differentiation MAJOR MILESTONE HISTORY THARISA MINE CHALLENGER VOYAGER PLANT HIGH ENERGY DC SMELTER NEW MG reef open pit mine PLANT large scale PGM and F
Slide 5: Innovation Has Created New Markets for Our Products
INNOVATION HAS CREATED NEW MARKETS FOR OUR PRODUCTS UNIQUE PROPERITES OF PGMS NEW MARKETS ▪ Extremely rare ▪ Catalytic converters ▪ Extremely resistant ▪ Medical applications ▪ Yet soft and malleable ▪ Hydrogen production ▪ 6 PGMs are interchangeable ▪ Fuel Cells ▪ Yet each have unique uses and ▪ En
Slide 6: Platinum Group Metals
SPOT PGM BASKET* PLATINUM GROUP METALS US$2 300/oz Primary supply growth constraints PGM PRICE CHART Deficits in Rh, Pd to remain, Pt heading towards a deficit Platinum Palladium Rhodium 24 000 ICE remains a major demand driver despite EV development 2 800 22 000 Hydrogen economy to suppleme
Slide 7: PGM Output Has Not Increased
PGM OUTPUT HAS NOT INCREASED Primary platinum supply has not kept up with platinum demand PLATINUM SUPPLY AND DEMAND over last 17 years 9 000.0 AVERAGE DEMAND – 7 825 koz 50.0% 7 000.0 ‒ Output peaked at 6 830 koz in 2006 AVERAGE PRIMARY SUPPLY – 6 085 koz 40.0% 5 000.0 ‒ 17 year average output of
Slide 8: What Will Demand Look Like
WHAT WILL DEMAND LOOK LIKE PGMs are crucial in existing net zero requirements and AUTOMOTIVE DEMAND OUTLOOK future demands 8000 This applies to both vehicle, other transport and industrial sectors 6000 The market has thus far not digested the demand for Fuel Cell Electric Vehicles (FCEV) koz 4
Slide 9: Capital Spending Not Enough to Meet Demand
CAPITAL SPENDING NOT ENOUGH TO MEET DEMAND Real capex levels have been falling sharply since 2008 and CAPEX VS PRODUCTION remain extremely low relative to historical levels, despite the sharp increase in nominal capex in recent years Capex spend post past boom has sustained the industry for a de
Slide 10: Karo Platinum
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Slide 11: Locality & Geology
LOCALITY & GEOLOGY PHASED DEVELOPMENT PROPERTY LOCATION EXECUTION OF PHASE 1 - NEXT PHASES WILL SCALE TO EXTRACT ADDITIONAL ▪ Located in the Mashonaland West district of Zimbabwe, RESOURCES approximately 80 km southwest of Harare and 35 km southeast of Chegutu ▪ The project area covers 23 903 ha loc
Slide 12: Phase One - Key Highlights
PHASE ONE - KEY HIGHLIGHTS WORLD CLASS PGM ASSET LOM OPEN PIT ANNUAL PGM PRODUCTION (6E) Tier 1 20 years 150 koz + 0.10% Cu + 0.12% Ni MINING LEASE FOR LOM OPEN PIT, SCALABLE, LOW COST, PHASED DEVELOPMENT TIMELINE Licenced Low risk 24 months AVAILABLE IN COUNTRY TECHNOLOGY AND PROCESS PROJECT DEVELO
Slide 13: Karo + Tharisa = Key Future Supply
KARO + THARISA = KEY FUTURE SUPPLY LOM OPEN PIT FROM EACH OPERATION KARO THARISA COMPARISON UNIT PHASE 1* OPEN PIT** 20 years Open pit LOM years 20 20 Reserve# Mt 35.5 94.2 REEF MINED PER ANNUM Reserve grade# 4E g/t 2.18 1.08 +7 Mt Reserve ounces 4E Moz 2.5 3.3 PGM production^ kozpa 150 200 PGMS PRO
Slide 14: Thank You
tharisa BEN YK THANK YOU
Slide 15: Bibliography
BIBLIOGRAPHY https://auctusmetals.com/south-african-platinum-mine-supply-in-decline-as-demand-gains-significant-traction/ https://auctusmetals.com/platinum-analysis-ore-grades-s-african-pgm-mines-geological-structure-part-ii-by-dr-david-davis/ https://auctusmetals.com/platinum-supply-a-barrier
Slide 16: Disclaimer
DISCLAIMER These Presentation Materials are for information purposes only and must not be used or relied upon for the purpose of making any investment decision or engaging in any investment activity. Whilst the information contained herein has been prepared in good faith, neither Tharisa plc (the ‘C