Prescient presentation - Petmin
Prescient presentation - Petmin
Prescient presentation - Petmin
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Somkhele anthracite mine<br />
26<br />
Accelerated R54m three year<br />
Somkhele exploration<br />
programme<br />
•Prospecting rights over 22,000 ha<br />
successfully renewed<br />
•Mining on 1,400 ha and exploration<br />
of 2,500 ha to date<br />
•Life of mine exceeds 20 years at<br />
full production today<br />
•Exploration to increase resource,<br />
enable further expansion, and<br />
extend life of mine<br />
Total at the start of<br />
the exploration<br />
campaign<br />
Reserves added during 2011<br />
• Probable: 21.12Mt<br />
• Proven: 6.33Mt<br />
27.45Mt<br />
Exploration Percussion Core<br />
No m No m No m<br />
41 4191 210<br />
Total cost of exploration – R23.3m<br />
Saleable Product (@42%) - 11.53Mt<br />
Average cost per ton ~ R2<br />
Average margin per ton ~ R300<br />
Exploration Results<br />
26<br />
345<br />
111 2 696<br />
…A STRONG …Committed PLATFORM to growth, FOR …exceeding dedicated FUTURE to expectations<br />
value GROWTH
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