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 />
BFS July 06<br />
Current<br />
Base Case 1<br />
January 2009 2<br />
Initial Capital<br />
US$ Million<br />
40<br />
45 4<br />
Ongoing Capex<br />
US$ Million<br />
14<br />
11<br />
<strong>Production</strong><br />
Ozs 4E p.a.<br />
95,000<br />
95,000<br />
Cash <strong>Cost</strong>s 3<br />
US$/oz 4E<br />
225<br />
190<br />
Basket Price<br />
US$/oz 4E<br />
677<br />
680<br />
IRR (pre Tax)<br />
70%<br />
~60%<br />
Cashflow (Pre Tax)<br />
US$ Million<br />
140<br />
190<br />
Cashflow (EBITDA)<br />
US$ Million<br />
30 pa<br />
35 pa<br />
1 - Pt US$900/oz; Pd US$300/oz; Gold US$450/oz; Rh US$1,500/oz; ZAR 7:1 US$<br />
2 - Pt US$1,000/oz; Pd US$200/oz; Gold US$800/oz; Rh US$1,500/oz; ZAR10:1 US$; Excludes Hedging<br />
3 – Net of Credits for Ni, Cu, Ru, Ir & Chrome<br />
4 – Including Diesel Generators US$3 Million<br />
PLA/PLAA www.platinumaus.com
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