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AMANDELBULT LEADERSHIP

DEVELOPMENT FORUM - PROJECTS

OVERVIEW 8 November 2017

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AMANDELBULT PROJECTS OVERVIEWLocality of Projects

Longer term projects:

• Middellaagte has

been identified through

the ABC study to be

the next major project

as a potential Tumela

Mine replacement

project (ahead of the

Tumela 1#),

comprising of a new

decline from surface

with the preferred

mining method being

Narrow Reef

Mechanised Fleet.

Mine within a mine:

• Dishaba ore reserve

generation and

infrastructure upgrade

project.

• Two replacement projects have been identified, maximising value largely off existing infrastructure to mitigate the

overall declining production profile, reducing the AISC of the mine and delaying major capital expenditure:

15E drop down - Narrow Reef Mechanised Fleet trial mining section, producing c.55koz pa (Pt)

62E raisebore shaft – c.10 years replacement project, producing c.81koz pa (Pt)

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AMANDELBULT PROJECTS OVERVIEWLocality of Projects

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Preliminary BP2018 Production Profile – Tonnes Milled

DISHABA 62E AND TUMELA 15E

Tumela

Dishaba

Tum 15E

Dish 62E

Middellaagte

Tumela 1 Sub #

Current Concentrator

Capacity – 7.7 mtpa

Additional work

required to achieve

higher concentrator

capacity

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DISHABA 62E RAISEBORE

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UNDERGROUND INFRASTRUCTURE

PFS B:

• 62SI Tip ore directly into 5L Orepass vs Cross Tramming

• Extend 62SI Shaft from 9 to 12L

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MINING – ALTERNATIVE 1Capital Infrastructure

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MINING - BACKGROUNDRegional Mine Design and Layout

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ROCK TRANSPORT OPTIONS

• PFS B: Road Transport (Base) vs Rail Trade-Off vs Rail + Conveyor

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TUMELA 15E DROPDOWN

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15E INFRASTRUCTURE

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MINING - BACKGROUNDCurrent and Project Infrastructure

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TUMELA 15E PROJECT OVERVIEW Surface Placement of Infrastructure

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MECHANISED MINING EQUIPMENTStoping and Development Equipment

LP LHD

LP Roof Bolter

LP Face Rig

XLP Roof Bolter

LP EquipmentXLP Equipment

XLP Dozer

XLP Face Rig

XLP Face Rig

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CHROME RECOVERY PLANT

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CHROME RECOVERY PLANTProject Overview

• Currently the Merensky Concentrator tailings chrome content is being deposited on the tailings dam.

Need identified to harvest this chrome.

• Feasibility study for a new chrome recovery plant is complete, currently in the approval process.

• New plant is based on the existing one, using Spiral technology.

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CHROME RECOVERY PLANTSurface View

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PROJECT TIMELINESProject Milestones

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CHROME RAIL SIDING

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CHROME RAIL SIDINGProject Overview

• The objectives of this project is to reduce the cost of transporting chromite from the Amandelbult chrome

pad to the Pendoring rail siding in Britz. By extending the existing railway line at Amandelbult, the need

for trucking of chromite is eliminated, resulting in a monthly cost saving.

• The project essentially consists of additional shunting rail at Tussenin siding, extending the existing rail

past the chrome pad, load out facilities at the chrome pad and extension of the gravel road near the

chrome pad.

• Project completion is expected by end 2018.

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THANK YOU