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Total primary development metres / month(Excludes # Sinking)3,5003,0002,500Metres2,0001,5001,0005000'03 '04 H1 05History 3,184 2,002 2,108• 2003 to 2004 reduction due to single raise dip mining• At steady state breast requires less development thandip to generate the same ore reserves
Immediately Available Reserves (Raises Holed)20181617.317.81814months121012.1867.742020042005 *2006 2007 2008* Revised dip method increased rate of ore reserve build up• Includes depletion of Hill and mid shaft areas• Transition to 100% underground production
Page 2 and 3: Agenda●●●●●●●●Safet
Page 4: LocationJV area
Page 7 and 8: Fatalities3.503.002.502.001.501.000
Page 9 and 10: Modikwa Platinum Mine - lease areaN
Page 11 and 12: Stratigraphic column in proximity o
Page 13 and 14: Vertical grade distribution in UG2N
Page 15 and 16: 2004 Merenskyresource categories(Da
Page 17 and 18: Exploration status• Phase 1 footp
Page 19 and 20: On-mine - Exploration drillingSurfa
Page 21 and 22: Original design• Twin decline sha
Page 23 and 24: Reef DriveDiagonalMuck BayDip Pilla
Page 25 and 26: Footwall DriveMiningDirectionMining
Page 27 and 28: Current mine design
Page 29 and 30: Production sources(000’s tons per
Page 31: Conversion to footwall strikedevelo
Page 35 and 36: Monthly area mined (m 2 )40,00035,0
Page 37 and 38: Average Tons Milled per month250,00
Page 39 and 40: Plant 4E Recovery90.00%% Recovery 4
Page 41 and 42: Operating costs
Page 43 and 44: Cash cost / equivalent refined Pt o
Page 45 and 46: Capital expenditure
Page 47 and 48: Capital expenditureMain Items for 2
Page 49 and 50: Employee relations● Community and
Page 51 and 52: Key business issues• Improved saf

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