Delivering Low Cost Platinum Production
Delivering Low Cost Platinum Production
Delivering Low Cost Platinum Production
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Smokey Hills <strong>Platinum</strong> Mine<br />
Summary<br />
• Development – 3 ½ Years from JV to <strong>Production</strong><br />
• <strong>Production</strong> 95,000 ozs 4E PGM for seven years<br />
• Initial Capital <strong>Cost</strong> US$45 Million at ZAR10:US$1<br />
• Debt Finance by Standard Bank ~ZAR260 Million plus ongoing<br />
Mining Capital Equipment ~ZAR72 Million<br />
• Operating <strong>Cost</strong> US$300/oz 4E PGM net of credits, including<br />
Smelting & Refining Charges<br />
• PLA 69.75%, effective ~85% of Economic Interest<br />
• Potential for expansion or extensions<br />
• Complete Standby Power installed<br />
• <strong>Production</strong> of ~75,000 oz 4E PGM expected 2009 CY<br />
PLA/PLAA www.platinumaus.com
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