Prescient presentation - Petmin

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South Africa’s largest anthracite producer, Somkhele, has a capacity of 1.3 Mtpa of specialised metallurgical coal Sources: CAMR, Feb 2010 24 Somkhele highlights Location • KZN, 85km north of Richards Bay Port Mining Commissioning Reserves and Resources Mineral Rights Plant People • Five areas with four coal seams (Areas 1 and 2 under production) • B Seam up to 15m thick • Acquired in 2005 at pre-feasibility stage • Commissioned opencast mine and plant in June 2007 • SAMREC-compliant resources of 51 Mt • Areas 1-3 reserves = 23.3 Mt • Process underway to ensure 20 year LOM • New Order Mining Rights for Area 1 • Conversion of Areas 2 and 3 granted • Prospecting rights successfully renewed for Areas 4 and 5 covering 22,000 ha • Plant 1 capacity: 530,000 saleable tpa • Plant 2 capacity: 850,000 saleable tpa • 800 employees (including contractors) • 80% of employees are from local community US$/t 800 700 600 500 400 300 200 100 0 Anthracite and coke price comparison Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Anthracite lumps c&f, Northern Europe China export coke …Committed …A PLATFORM to growth, FOR dedicated GROWTH to value
Somkhele anthracite mine 25 More than doubling production at cash-generating Somkhele mine in KwaZulu SA’s largest producer of anthracite – a specialised metallurgical coal 2010/11 output – 524,000 tonnes produced and 579,000 tonnes sold More than doubling production to meet demand to more than a million tonnes by end Q1 2012 45% export to metallurgical industry 55% domestic customers in ferrochrome industry Capital expenditure R140 million on second wash plant …A STRONG …Committed PLATFORM to growth, FOR …exceeding dedicated FUTURE to expectations value GROWTH
Page 1 and 2: 1 Prescient Presentation The upside
Page 3 and 4: 3 Disclaimer No representation, war
Page 5 and 6: 5 Petmin’s share price outperform
Page 7 and 8: Current overview of Petmin 7 Red Cr
Page 9 and 10: 9 Significant upside potential as a
Page 11 and 12: Petmin Board and management governa
Page 13 and 14: Urbanisation and infrastructure Los
Page 15 and 16: Urbanisation has a double effect on
Page 17 and 18: The effect of urbanisation and infr
Page 19 and 20: Our strategy is based on key pillar
Page 21 and 22: Petmin valuation curve - Huge optio
Page 23: Investor presentation - 14 November
Page 27 and 28: Somkhele anthracite mine 27 …A ST
Page 29 and 30: 29 Performance Summary 2010 and 201
Page 31 and 32: Sale of SamQuarz silica mine 31 Pet
Page 33 and 34: Comprehensive and aggressive Petmin
Page 35 and 36: NAIC 35 …A STRONG …Committed PL
Page 37 and 38: NAIC 37 Executive Summary • Commo
Page 39 and 40: NAIC 39 Metallurgy • Ore dressing
Page 41 and 42: NAIC 41 Example of Drill Core Recon
Page 43 and 44: Iron Ore - Mount Ginka, Liberia 43
Page 49 and 50: Red Crescent Resources (RCR) and Si
Page 51 and 52: SIVAS 51 Note 1 • Phase 1 - Measu
Page 53 and 54: SIVAS $ 1.40 $ 1.20 $ 1.00 $ 0.80 $
Page 55 and 56: Petmin holds a 25% interest in Vere
Page 57 and 58: Petmin value curve - Veremo 57 …A
Page 59: Significant upside potential as at

Prescient presentation - Petmin

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