The Platreef Project - JuniorIndaba...2016: Shaft 1 Main-sink Commence 7 Shaft 1 ø7.25m lined 980m...
Transcript of The Platreef Project - JuniorIndaba...2016: Shaft 1 Main-sink Commence 7 Shaft 1 ø7.25m lined 980m...
The Platreef ProjectPioneering the Northern Limb’s Underground
The Junior Indaba, Johannesburg
Wednesday, 6 June 2018
Gerick Mouton, VP & PD
www.ivanhoemines.com
TSX: IVN
OTCQX: IVPAF
Disclaimer
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This notice is an integral component of the Platreef 2017 Feasibility Study (Platreef 2017 FS) and should be read in its entirety and must accompany every
copy made of the Platreef 2017 FS. The Platreef 2017 FS has been prepared using the Canadian National Instrument 43-101 Standards of Disclosure for
Mineral Projects (NI 43-101).
The Platreef 2017 FS has been prepared for Ivanhoe Mines Ltd. (Ivanhoe) by principal consultant DRA Global, with economic analysis led by OreWin, and
specialised sub-consultants, including Stantec Consulting, Amec Foster Wheeler, Murray & Roberts Cementation, SRK Consulting, Golder Associates and
Digby Wells Environmental as the Report Contributors.
The Platreef 2017 FS is based on information and data supplied to the report contributors by Ivanhoe and other parties. The quality of information,
conclusions and estimates contained herein are consistent with the level of effort involved in the services of the report contributors, based on (i)
information available at the time of preparation, (ii) data supplied by outside sources, and (iii) the assumptions, conditions and qualifications set forth in
this report. Each portion of the report is intended for use by Ivanhoe subject to the terms and conditions of its contract with the report contributors.
Except for the purposes legislated under Canadian provincial and territorial securities law, any other uses of the report, by any third party, is at that party’s
sole risk.
The Platreef 2017 FS is intended to be used by Ivanhoe, subject to the terms and conditions of its contract with the report contributors. Recognising that
Ivanhoe has legal and regulatory obligations, the report contributors have consented to the filing of the Platreef 2017 FS with Canadian Securities
Administrators and its System for Electronic Document Analysis and Retrieval (SEDAR).
The results of the Platreef 2017 FS represent forward-looking information. The forward-looking information includes metal price assumptions, cash flow
forecasts, projected capital and operating costs, metal recoveries, mine life and production rates, and other assumptions used in the Platreef 2017 FS.
Readers are cautioned that actual results may vary from those presented.
The factors and assumptions used to develop the forward-looking information, and the risks that could cause the actual results to differ materially are
presented in the body of this report in each relevant section.
The conclusions and estimates stated in the Platreef 2017 FS are to the accuracy stated in the Platreef 2017 FS only and rely on assumptions stated in the
Platreef 2017 FS. The results of further work may indicate that the conclusions, estimates and assumptions in the Platreef 2017 FS need to be revised or
reviewed.
The report contributors have used their experience and industry expertise to produce the estimates and approximations in the Platreef 2017 FS. Where the
report contributors have made those estimates and approximations, they are subject to qualifications and assumptions, and it should also be noted that
all estimates and approximations contained in the Platreef 2017 FS will be prone to fluctuations with time and changing industry circumstances.
The Platreef 2017 FS should be construed in the light of the methods, procedures, and techniques used to prepare the Platreef 2017 FS. Sections or parts
of the Platreef 2017 FS should not be read in isolation of, or removed from, their original context.
Agenda
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• Location
• Past & Current Status
• Why?
• Economics
Location: The Bushveld Complex – Northern Limb
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African Rainbow Minerals
Royal Bafokeng Resources
Anglo American
Impala Platinum
Lonmin Platinum
Aquarius Platinum
Northam Platinum
Platinum Australia
Realm Resources
Eastern Platinum
Jubilee Platinum
Atlatsa Resources
Platmin
Platfields Resources
NKWE
Glencore
Bauba Platinum
Village Main Reef
Wesizwe
Sylvania Resources
Source: SFA (Oxford)
Western Limb
Eastern Limb
Platreef
Project
Northern Limb:
The Future of South
Africa’s PGM Industry
South Africa’s Bushveld Complex Produces ~75% of Global Primary Platinum
2014: Mining Right & Shaft 1 Early Works Commence
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2015: Shaft 1 Pre-Sink
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2016: Shaft 1 Main-sink Commence
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Shaft 1
ø7.25m lined
980m deep
750, 850 & 950
stations
Vent intake & UG
Development
Retrofit to 2Mtpa
hoisting capacity
450m Station
2017: Shaft 1 Reach 500m Milestone
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H1 2018: Shaft 1 Reach 750m – Off-shaft Development
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Late 2017: Shaft 2 Early Works Commence
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H1 2018: Shaft 2 Boxcut Underway
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H1 2018: Shaft 2 Headgear Design Complete
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Shaft 2
ø10m lined
1,140m deep
6Mtpa Hoisting
Capacity
2 x 40t Skips
200 People Mancage
Early works
underway
Layout & General Infrastructure
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Reduced surface footprint = minimize overall environmental and social impact
Why, some may ask?
2007-2012: Discovery of Underground Resource
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Statistics Number Meters
Holes 630 529,604m
Assays 251,543 -
Total Reef Intersect - 17,434m
Average Reef/Hole - ~27m
18.7 Moz Pt & 18.9 Moz Pd
Economics
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Source: SFA (Oxford). Data for Platreef Project and Waterberg are based on each project’s reported DFS and PFS
parameters respectively, and are not representative of SFA's view.
US
$/3
PE
+A
u o
z
US$/oz 3PE + Au
YEARS 1-5 YEARS 1-10 LOM AVERAGE
Mine Site 442 392 399
Realisation 267 305 340
Total Cash Costs Before Credits 709 697 739
Nickel Credits 305 306 334
Copper Credits 71 71 79
Total Cash Costs After Credits 333 319 326
Sustaining Capital Costs 25 26 25
All-in Cash Costs After Credits(2) 359 345 351
Thank you