John Lewins Platinum Australia Limited · • Kalahari Platinum – 6.76.7 Moz 4E PGM Resource ......

John Lewins

Platinum Australia Limited

October 2009October 2009

PLA/PLAA www.platinumaus.com

•• Listed on ASX and AIMListed on ASX and AIM–– 315 Million shares315 Million shares–– Market Cap Market Cap –– US$240 MillionUS$240 Million–– ASX 200 & AIM 100ASX 200 & AIM 100

•• Largest ShareholdersLargest Shareholders–– Colonial First Colonial First –– 9%9%

JP MorganJP Morgan 8%8%–– JP Morgan JP Morgan –– 8%8%–– SorosSoros Fund Fund –– 7%7%–– NAB NAB –– 5%5%

P lP l 4%4%–– Perpetual Perpetual –– 4%4%–– AMP AMP –– 3%3%–– Macquarie Macquarie –– 33%%

•• FinancialFinancial–– Cash US$36 MillionCash US$36 Million–– Debt US$13 MillionDebt US$13 MillionDebt US$13 MillionDebt US$13 Million


•• Primary producers Primary producers ‐‐ South Africa and ZimbabweSouth Africa and Zimbabwe•• Russia & N America Russia & N America ‐‐ by product from Cu/Ni mines by product from Cu/Ni mines •• Supply has been falling since 2006 and fell almost 10% to 6.0 Supply has been falling since 2006 and fell almost 10% to 6.0

Moz in 2008Moz in 2008Moz in 2008Moz in 2008•• South African production fell for third consecutive year in South African production fell for third consecutive year in

2008 to ~4.53 Moz (76% of World Supply)2008 to ~4.53 Moz (76% of World Supply)008 to 4.53 Mo (76% of World Supply)008 to 4.53 Mo (76% of World Supply)•• South Africa production expected to remain flat in 2009 due:South Africa production expected to remain flat in 2009 due:

–– Mine Closures (Mine Closures (LonminLonmin, Aquarius), Aquarius)–– Cut Backs in sustaining capital (Cut Backs in sustaining capital (LonminLonmin, , AngloplatsAngloplats, Impala, , Impala, ArmplatsArmplats))–– Ongoing Safety and Industrial UnrestOngoing Safety and Industrial Unrest

•• Operations in South Africa face significant cost pressuresOperations in South Africa face significant cost pressures•• Operations in South Africa face significant cost pressures Operations in South Africa face significant cost pressures ––inflation, increasing power costs, union demands, increasing inflation, increasing power costs, union demands, increasing depth of operations, decreasing grades, high interest rates depth of operations, decreasing grades, high interest rates (cost of capital plus strength of Rand)(cost of capital plus strength of Rand)


6,000

7,000

4,000

5,000

Others

2 000

3,000

North America

Russia

South Africa

1,000

2,000

01999 2000 2001 2002 2003 2004 2005 2006 2007 2008


3000

P

2000

2500GM o

1000

1500zs/a

500

1000nnum

0Europe N America Japan China RoW


Autocatalyst

3000PG

2000

2500GM o

1000

1500zs/a

500

1000nnum

0m

Europe N America Japan China RoW


•• SupplySupply–– Reducing output from existing mines, closures and sustaining capital Reducing output from existing mines, closures and sustaining capital

cut backscut backscut backscut backs–– Long lead time for large new minesLong lead time for large new mines–– South Africa will continue to dominate BUT with ongoing South Africa will continue to dominate BUT with ongoing

power, inflation, industrial relations, safety, depth and grade issuespower, inflation, industrial relations, safety, depth and grade issuesp , , , y, p gp , , , y, p g–– Zimbabwe significant political and infrastructure Zimbabwe significant political and infrastructure problemsproblems–– By products production from Russia & N America reducingBy products production from Russia & N America reducing

•• DemandDemand–– Chinese auto demand hits new highs in 2009Chinese auto demand hits new highs in 2009–– Europe (+50% ofEurope (+50% of autocatautocat market) showing signs of recoverymarket) showing signs of recoveryEurope ( 50% of Europe ( 50% of autocatautocat market) showing signs of recoverymarket) showing signs of recovery–– Efficiency to drive growth of diesel in N America, China & ROWEfficiency to drive growth of diesel in N America, China & ROW–– Environmental drivers for stricter emissions Environmental drivers for stricter emissions controlscontrols–– JewelleryJewellery demand showing significant growth demand showing significant growth –– price sensitiveprice sensitiveyy g g gg g g pp

•• The return of deficits from 2010 to 2016?The return of deficits from 2010 to 2016?


•• Open Pit & Shallow UndergroundOpen Pit & Shallow Underground

•• Rapid Evaluation & DevelopmentRapid Evaluation & Development•• Rapid Evaluation & DevelopmentRapid Evaluation & Development

•• Low Operating Costs Low Operating Costs –– grade, depth, overheadsgrade, depth, overheads

L C it l C tL C it l C t “Fit f P ”“Fit f P ”•• Low Capital Cost Low Capital Cost –– “Fit for Purpose”“Fit for Purpose”

•• No constraints on size of projectNo constraints on size of project

•• Joint Ventures & other arrangementsJoint Ventures & other arrangements

•• Build on existing Production and ProjectsBuild on existing Production and Projects

•• Focus on supply deficit 2010 to 2016Focus on supply deficit 2010 to 2016


•• Smokey HillsSmokey Hills–– 1 Moz Resource1 Moz Resource–– 1 Moz Resource1 Moz Resource–– Open Pit & Shallow UndergroundOpen Pit & Shallow Underground–– Average Production Average Production ‐‐ 95,000 oz 4E PGM pa95,000 oz 4E PGM pa–– Production Build UpProduction Build UpProduction Build UpProduction Build Up

•• Kalahari PlatinumKalahari Platinum–– 6.7 Moz 4E PGM Resource6.7 Moz 4E PGM Resource–– Open Pit Open Pit –– 100100‐‐130,000 oz PGM pa130,000 oz PGM pa–– Pre Feasibility Study Pre Feasibility Study –– CompletedCompleted–– Significant Regional PresenceSignificant Regional Presenceg gg g–– Definitive Feasibility Study Definitive Feasibility Study –– end 2009end 2009

•• RooderandRooderand3 M 4E R3 M 4E R–– 3 Moz 4E Resource3 Moz 4E Resource

–– Open Pit & Shallow UndergroundOpen Pit & Shallow Underground–– Awaiting issue of Prospecting RightAwaiting issue of Prospecting Right


•• Initial Initial CapexCapex US$45 millionUS$45 million•• Debt Finance Debt Finance –– ZAR260 million + ZAR260 million + ZAR72 million ongoing for U/G ZAR72 million ongoing for U/G equipmentequipment

•• External Debt (Standard Bank)External Debt (Standard Bank)External Debt (Standard Bank) External Debt (Standard Bank) closed out in September 2009closed out in September 2009

•• Hedge closed for our ZAR125 Hedge closed for our ZAR125 million profit in August 2009million profit in August 2009million profit in August 2009million profit in August 2009

•• Project has Project has ZAR200 ZAR200 million debt to million debt to PLAPLA

15 Month Construction15 Month ConstructionEskomEskom (grid) power(grid) powerEskomEskom (grid) power(grid) powerComplete standby Complete standby generating capacity installedgenerating capacity installed


•• Annualized Prod 95,000 ozs 4EAnnualized Prod 95,000 ozs 4E

•• Plant throughput 60,000 Plant throughput 60,000 tpmtpm

•• Average Head Grade 5 g/t 4EAverage Head Grade 5 g/t 4E

•• Plant designed for expansionPlant designed for expansion

•• Life of Mine Life of Mine OfftakeOfftake with IRSwith IRS

Open Open Pit Mine Pit Mine –– Feb 08 Feb 08 ––late 2009late 2009U/ d i iU/ d i iU/ground mining U/ground mining commenced Sept commenced Sept 08 08 –– full full production January 2010production January 2010


p yp y

•• All development on reefAll development on reef

•• Six Six aditsadits, mechanized using , mechanized using jumbo’s, LHD’s and trucksjumbo’s, LHD’s and trucks

•• Conventional raises between Conventional raises between aditsadits

Stoping width ~1.1mStoping width ~1.1mH d h ld d iH d h ld d iHand held production Hand held production drillingdrillingWinch cleaning of stopesWinch cleaning of stopesWinch cleaning of stopesWinch cleaning of stopesTramming Tramming –– LHD & TruckLHD & Truck


F TH

CR Tails

F TH

T CYT CY

CR TailsCl T il CY /f

FFC Conc

Cleaner Tails CY u/fProcess Fines Th

FFC Conc

Final Tails

Larox Filter Final ConcentratePLA/PLAA www.platinumaus.com

160

Plant Performance

100

120

140

60

80

100

0

20

40

0

March Qrt June Qrt Sept Qrt

000's Tonnes Milled % Recovery 00's Ozs 4E


000 s Tonnes Milled % Recovery 00 s Ozs 4E

Local Community Mine Ownership Local Community Mine Ownership –– 9% 9% ll f ll d i i l di f % lf ll d i i l di f % lEmployment Employment –– 700 at full production, including target of 70% Local 700 at full production, including target of 70% Local

CommunityCommunitySocial andSocial and LabourLabour Plan commitments include:Plan commitments include:Social and Social and LabourLabour Plan commitments include:Plan commitments include:

Socio Socio ‐‐ Economic Development (water, roads, health, recreation Economic Development (water, roads, health, recreation etc.)etc.)Skills DevelopmentSkills Development –– direct and indirect direct and indirect


•• Development Development –– 3 ½ Years from JV to Production3 ½ Years from JV to Production

•• Construction Construction –– 15 months to first concentrate production15 months to first concentrate productionpp

•• Average production 95,000 ozs 4E PGM/year for seven yearsAverage production 95,000 ozs 4E PGM/year for seven years

•• Initial Capital Cost US$45 Million at ZAR10:US$1Initial Capital Cost US$45 Million at ZAR10:US$1p $ $p $ $

•• Projected Ave Operating Cost (LOM) ~US$350/oz 4E PGM net of Projected Ave Operating Cost (LOM) ~US$350/oz 4E PGM net of credits, including Smelting & Refining Charges at ZAR9:US$1credits, including Smelting & Refining Charges at ZAR9:US$1

•• PLA 69.75%, effective ~85% of Economic Interest PLA 69.75%, effective ~85% of Economic Interest

•• Potential for expansion or extensionsPotential for expansion or extensionspp

•• Complete Standby Power installedComplete Standby Power installed

•• Production of ~85,000 oz 4E PGM expected 2009/10 FYProduction of ~85,000 oz 4E PGM expected 2009/10 FY, p /, p /


•• JV with JV with ARMplatinumARMplatinum –– PLA PLA i 49%i 49%earning 49%earning 49%

•• 330 km West of 330 km West of J h bJ h bJohannesburgJohannesburg

•• Stella Layered Intrusive Stella Layered Intrusive ( )( )(“SLI”) within the (“SLI”) within the KraaipanKraaipanGreenstone BeltGreenstone Belt

•• Large Regional PresenceLarge Regional Presence•• 45 km from 45 km from KalgoldKalgold MineMine•• Good InfrastructureGood Infrastructure


•• 140,000m drilled140,000m drilled,,•• 8 8 Deposits with resourcesDeposits with resources•• All open at depth & alongAll open at depth & along•• All open at depth & along All open at depth & along strikestrike

•• 4 other Prospects4 other Prospects•• 4 other Prospects4 other Prospects•• Numerous other TargetsNumerous other Targets•• 6.7 6.7 Million oz PGM JORC Million oz PGM JORC compliant Resourcecompliant Resource

•• Potential for major Potential for major expansion of resourceexpansion of resource


TotalTotal ThicknessThicknessPt+Pd+AuPt+Pd+Au

1 0 g/t1 0 g/t 10m10m1.0 g/t 1.0 g/t 10m10m

1.1 g/t 8m1.1 g/t 8m

2 5 /t 22 5 /t 2

LGLG

MidMidReefReef

2.5 g/t 2m2.5 g/t 2m

3.8 g/t 2 3.8 g/t 2 ‐‐ 3m3m

PackagePackage

MainMainR fR f

MR

LM

1.0 g/t 10m1.0 g/t 10m

4.5 g/t 3 4.5 g/t 3 ‐‐ 6m6m

ReefReefPackagePackage

UM


11 22 33DepositDeposit Total ResourceTotal Resource11 Main Reef ResourceMain Reef Resource22 High Grade resourceHigh Grade resource33

`000’s t`000’s t GradeGrade3E g/t3E g/t

`000’s `000’s OzsOzs





CraterCrater55 26,216 2.04 1,720 11,543 2.62 967 11,6384 3.21 1,202

OrionOrion55 11,856 1.58 603 5,597 2.14 386 2,720 3.33 291

CruxCrux55 29,100 1.38 1,286 13,132 1.67 708 5,229 2.59 436

VelaVela66 36,662 1.34 1,580 14,804 2.08 992 8,171 3.07 806

SiriusSirius55 9,484 1..43 431 3,103 2.11 210 1,570 3.19 161

SerpSerp NN66 7 703 1 43 354 3 199 1 93 199 1 269 3 20 131SerpSerp NN 7,703 1.43 354 3,199 1.93 199 1,269 3.20 131

MiraMira66 6,633 1.43 305 2,246 2.41 174 1,192 3.58 137

SerpSerp SS77 10,762 1.34 462 5,890 1.81 324 848 5.09 139

T lT l 137 354137 354 1 531 53 6 6936 693 59 33059 330 2 212 21 3 9593 959 32 50032 500 3 163 16 3 3033 303TotalTotal 137,354137,354 1.531.53 6,6936,693 59,33059,330 2.212.21 3,9593,959 32,50032,500 3.163.16 3,3033,3031Includes the high grade UM (+UUM in Crater and Vela) and LM Reefs2Includes the high grade UM (+UUM in Crater and Vela) Main Reef Residual and LM that constitute the Main Reef3Includes UM, UUM, LM, MR, LG, MMW and the Main Reef Residual layers, which is the total mineralised width for all seven layers4For Crater this includes the UUM, UM, LM and the high grade MR2 Reef


For Crater this includes the UUM, UM, LM and the high grade MR2 Reef5Coffey Mineral Resource estimates of Measured, Indicated and Inferred resources6Coffey Mineral Resources estimates of Indicated and Inferred resources7Harmony Mineral Resource estimates of Inferred resources

Throughput 1.5 MTPA (expandable to 3 MTPA)Throughput 1.5 MTPA (expandable to 3 MTPA)Initial Capital Initial Capital Cost Cost US$91 US$91 MillionMillionOperating Cost Operating Cost US$340/oz US$340/oz 3E 3E to to concentrateconcentrateProduction Production 100 100 ‐‐ 130,000 130,000 oz pa oz pa

d d fd d f //Head Grade from 3 Head Grade from 3 gg/t 3E/t 3ENPV10 (pre Tax) NPV10 (pre Tax) –– US$50 millionUS$50 millionN t C hN t C h Fl (P T )Fl (P T ) US$145 illiUS$145 illiNet Cash Net Cash Flow (Pre Tax) Flow (Pre Tax) –– US$145 millionUS$145 millionInternal Rate of Return (Pre Tax) Internal Rate of Return (Pre Tax) –– 25%25%Based on Open Pit Mining of Crater Vela Orion and CruxBased on Open Pit Mining of Crater Vela Orion and CruxBased on Open Pit Mining of Crater, Vela, Orion and Crux Based on Open Pit Mining of Crater, Vela, Orion and Crux Production +1 Moz 3E over 9 year operating lifeProduction +1 Moz 3E over 9 year operating lifeBase CaseBase Case –– Pt US$1250/oz; Pd US$275/oz; Gold US$900/oz;Pt US$1250/oz; Pd US$275/oz; Gold US$900/oz;Base Case Base Case Pt US$1250/oz; Pd US$275/oz; Gold US$900/oz; Pt US$1250/oz; Pd US$275/oz; Gold US$900/oz; RhRh US$1500/oz; ZAR:US$ 9:1US$1500/oz; ZAR:US$ 9:1


Throughput 1.5 MTPA (expandable to 3 MTPA)Throughput 1.5 MTPA (expandable to 3 MTPA)Expanded resource with pits also designed for Sirius Mira andExpanded resource with pits also designed for Sirius Mira andExpanded resource with pits also designed for Sirius, Mira and Expanded resource with pits also designed for Sirius, Mira and SerpensSerpens NorthNorthRefined resource and mining models targeting increased head Refined resource and mining models targeting increased head grade of 3.3 grade of 3.3 ‐‐ 3.5 g/t 3E3.5 g/t 3EReduce Operating Cost below current US$340/oz 3EReduce Operating Cost below current US$340/oz 3E

l d i b i d b %l d i b i d b %Average annual production to be increased by ~10% to 120 Average annual production to be increased by ~10% to 120 ––130,000 130,000 oz pa oz pa Initial Mine LifeInitial Mine Life –– 10 years10 yearsInitial Mine Life Initial Mine Life 10 years10 yearsEnhanced Project Economics Enhanced Project Economics


ScorpioScorpio1,000m strike length with multiple intersects over 300m 1,000m strike length with multiple intersects over 300m strike incl. 15m @ 2.32 g/t, 4m @ 4.15 g/t & 4m @ 3.09 strike incl. 15m @ 2.32 g/t, 4m @ 4.15 g/t & 4m @ 3.09 g/tg/tg/tg/t

Sirius Sirius SouthSouthMultiple intersects incl. 6m@ 3.22Multiple intersects incl. 6m@ 3.22 gg/t & 8m@ 3.42/t & 8m@ 3.42 gg/t/tMultiple intersects incl. 6m @ 3.22 Multiple intersects incl. 6m @ 3.22 gg/t & 8m @ 3.42 /t & 8m @ 3.42 gg/t/t

PointerPointer800m soil & mag anomaly with multiple intersects incl. 3m 800m soil & mag anomaly with multiple intersects incl. 3m g y pg y p@ 3.92 @ 3.92 gg/t/t


••First First Six Six KilometreKilometre Strike LengthStrike Length

••Numerous Targets IdentifiedNumerous Targets Identified

••First drilling on combined First drilling on combined ggaeromagaeromag and soil and soil geochemgeochemanomalyanomaly

••Soil Soil geochemgeochem survey continuingsurvey continuing

••Further targets to be drilled inFurther targets to be drilled in••Further targets to be drilled in Further targets to be drilled in 2009/102009/10

.PLA/PLAA www.platinumaus.com

KE001 5m @ 3.23 g/t 3EKE001 5m @ 3.23 g/t 3E

inclincl 3m @ 4.65 g/t 3E3m @ 4.65 g/t 3E

KE008 3m @ 3.38 g/t 3EKE008 3m @ 3.38 g/t 3E@ g/@ g/

inclincl 1m @ 6.81 g/t 3E1m @ 6.81 g/t 3E

KE009 6m @ 3.19 g/t 3E KE009 6m @ 3.19 g/t 3E

inclincl 4 m @ 4.28 g/t 3E4 m @ 4.28 g/t 3E

KE 012 3m @ 1.76 g/t 3E plusKE 012 3m @ 1.76 g/t 3E plus

1 @ 1 87 /t 3E1 @ 1 87 /t 3E1m @ 1.87 g/t 3E 1m @ 1.87 g/t 3E


••Signed with Atla Mining ResourcesSigned with Atla Mining Resources

••Subject to Due Diligence and theSubject to Due Diligence and theSubject to Due Diligence and the Subject to Due Diligence and the issuing of a Prospecting Rightissuing of a Prospecting Right

••Upfront payment ~$2 million forUpfront payment ~$2 million for••Upfront payment $2 million for Upfront payment $2 million for initial 30% interestinitial 30% interest

••Completion of DFS for f rther 35%Completion of DFS for f rther 35%••Completion of DFS for further 35% Completion of DFS for further 35% interestinterest

f f ff f f••Arrangement of finance for Arrangement of finance for further 5% interestfurther 5% interest

••PLA appointed as ManagerPLA appointed as Manager


••UG2 and Merensky ReefUG2 and Merensky Reef

••Inferred Resource established by Inferred Resource established by Anglo PlatinumAnglo Platinum

••UG2 11.8 Mt @ 5.39 g/t 4E for UG2 11.8 Mt @ 5.39 g/t 4E for 2.0 Moz 4E2.0 Moz 4E

••Merensky Merensky –– 3.8 Mt @ 7.99 g/t 3.8 Mt @ 7.99 g/t 4E for 1.0 Moz 4E4E for 1.0 Moz 4E4E for 1.0 Moz 4E4E for 1.0 Moz 4E

••Outcrop to depth of ~500 mOutcrop to depth of ~500 m

••Potential for open pit and Potential for open pit and undergroundunderground


S k Hill K l l t K l P2/R d d

250000

Smokey Hills Kalplats Kal P2/Rooderand

150000

200000PGM

o

50000

100000ozs/a

02009/10 2010/11 2011/12 2012/13 2013/14 2014/15

nnum Year


One of the lowest cost producers in the industry with Smokey One of the lowest cost producers in the industry with Smokey Hills projected average cost of ~US$350/oz 4E Hills projected average cost of ~US$350/oz 4E vsvs Industry Industry average of US$650/oz 4Eaverage of US$650/oz 4Eaverage of US$650/oz 4E average of US$650/oz 4E

CashflowCashflow of ~US$30 Million (EBITDA) in 2009/10 at current of ~US$30 Million (EBITDA) in 2009/10 at current pricespricespricesprices

Expected Production of 85,000 ozs 4E in 2009/10 FY with Expected Production of 85,000 ozs 4E in 2009/10 FY with projected growth to up to 240 000 ozs 4E by 2014projected growth to up to 240 000 ozs 4E by 2014projected growth to up to 240,000 ozs 4E by 2014 projected growth to up to 240,000 ozs 4E by 2014

Focus on Open Pit and Shallow Underground Operations with Focus on Open Pit and Shallow Underground Operations with Low Capital & Operating CostsLow Capital & Operating CostsLow Capital & Operating CostsLow Capital & Operating Costs

With a proven record of rapid development from acquisition With a proven record of rapid development from acquisition to production well placed to benefit from current marketto production well placed to benefit from current marketto production, well placed to benefit from current market to production, well placed to benefit from current market conditionsconditions

Well positioned to take advantage of the projected upturn inWell positioned to take advantage of the projected upturn in


Well positioned to take advantage of the projected upturn in Well positioned to take advantage of the projected upturn in prices by growing from our low cost production baseprices by growing from our low cost production base

“This“This presentationpresentation andand informationinformation containedcontained inin itit isis beingbeing providedprovided toto shareholdersshareholders andand investorsinvestors forfor informationinformationThisThis presentationpresentation andand informationinformation containedcontained inin itit isis beingbeing providedprovided toto shareholdersshareholders andand investorsinvestors forfor informationinformationpurposespurposes onlyonly.. ShareholdersShareholders andand investorsinvestors shouldshould undertakeundertake theirtheir ownown evaluationevaluation ofof thisthis informationinformation andand otherwiseotherwisecontactcontact theirtheir professionalprofessional advisersadvisers inin thethe eventevent theythey wishwish toto buybuy oror sellsell sharesshares.. ToTo thethe extentextent thethe informationinformationcontainscontains anyany projectionsprojections thethe CompanyCompany hashas providedprovided thesethese projectionsprojections basedbased uponupon thethe informationinformation thatthat hashas beenbeenprovidedprovided toto thethe CompanyCompany.. TheThe CompanyCompany doesdoes notnot makemake anyany representationsrepresentations asas toto thethe accuracyaccuracy oror otherwiseotherwise ofof

ii i f ii f ithatthat thirdthird partyparty informationinformation..""

Qualification StatementQualification StatementWe confirm that exploration results contained in this report are based on information compiled by PLA Exploration Staff and rWe confirm that exploration results contained in this report are based on information compiled by PLA Exploration Staff and revieviewed by ewed by

Peter Allchurch, who is a Fellow of the Australian Institute of Mining and Metallurgy. Peter Allchurch is nonPeter Allchurch, who is a Fellow of the Australian Institute of Mining and Metallurgy. Peter Allchurch is non--executive Chairmanexecutive Chairman of Platinum of Platinum Australia Limited Peter Allchurch has more than 5 years experience which is relevant to the style of mineralisation and typeAustralia Limited Peter Allchurch has more than 5 years experience which is relevant to the style of mineralisation and type ofof deposit deposit Australia Limited. Peter Allchurch has more than 5 years experience which is relevant to the style of mineralisation and typeAustralia Limited. Peter Allchurch has more than 5 years experience which is relevant to the style of mineralisation and type ofof deposit deposit under consideration and to the activity which he is undertaking, to qualify as a competent person as defined in the 2004 editunder consideration and to the activity which he is undertaking, to qualify as a competent person as defined in the 2004 editionion of the of the

‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Peter Allchurch consents to th‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Peter Allchurch consents to the ie inclusion in nclusion in the report of the matters based on his information in the form and context in which it appears.the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to the Crater ,Vela, Orion and Crux Mineral Resource is based on a resources estiThe information in this report that relates to the Crater ,Vela, Orion and Crux Mineral Resource is based on a resources estimatmates compiled es compiled by Mr. Ken Lomberg who was a fullby Mr. Ken Lomberg who was a full--time employee of Coffey Mining and is a Member of the South African Council for Natural Scienttime employee of Coffey Mining and is a Member of the South African Council for Natural Scientific ific

Professions.Professions.Mr. Lomberg has more than 15 years experience which is relevant to the style of mineralisation and type of deposit under consMr. Lomberg has more than 15 years experience which is relevant to the style of mineralisation and type of deposit under consideideration ration

and to the activity which he is undertaking and qualifies as a Competent Person as defined in the 2004 edition of the ‘Austraand to the activity which he is undertaking and qualifies as a Competent Person as defined in the 2004 edition of the ‘Australaslasian Code ian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Lomberg consents to the inclusion in the reporfor Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Lomberg consents to the inclusion in the report ot of the f the

matters based on his information in the form and context in which it appearsmatters based on his information in the form and context in which it appearsmatters based on his information in the form and context in which it appears.matters based on his information in the form and context in which it appears.


John Lewins Platinum Australia Limited · • Kalahari Platinum – 6.76.7 Moz 4E PGM Resource ......

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Transcript of John Lewins Platinum Australia Limited · • Kalahari Platinum – 6.76.7 Moz 4E PGM Resource ......