Prescient presentation - Petmin

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28 Performance Summary 2010 and 2011 - Somkhele Anthracite (Somkhele) 2011 Reviewed 2010 Audited Variance Variance % Tonnes produced 524 006 467 843 56 163 12.0% Tonnes sold 579 087 411 630 167 457 40.7% - local 269 739 219 162 50 577 23.1% - export 309 348 192 468 116 880 60.7% Turnover (R’000) 471 385 334 880 136 505 40.8% - local (R’000) 242 554 178 041 64 513 36.2% - export (R’000) 228 831 156 839 71 892 45.84% PBT (R’000) 117 006 120 402 -3 396 -2.8% PAT (R’000) 83 407 87 947 -4 540 -5.2% Average cost at mine gate per tonne (R) 555.31 438.18 117.13 26.7% Average sales price per tonne(R) 814.01 813.55 0.46 0.1% - local 899.22 812.37 86.85 10.7% - export 739.72 814.88 -75.16 -9.2% Average dollar price of exports ($) 112.06 109.96 2.10 1.9% Weighted average Rand/$ exchange rate 6.6011 7.4107 -0.8096 -10.9% Margin: PBT/Turnover 24.82% 35.95% -11.13 -31.0% Profit per tonne sold (before tax) R202.05 R292.50 -90.45 -30.9% …turning …A STRONG development PLATFORM projects …exceeding FOR into cash FUTURE generative expectations GROWTH assets
29 Performance Summary 2010 and 2011 - Somkhele Anthracite (Somkhele) 2011 Reviewed 2010 Audited Variance Variance % Average cost at mine gate per tonne (R) 555.31 438.18 117.13 26.7% Cost of run-of-mine coal 298.02 191.29 106.73 55.8% Plant processing 97.21 102.39 -5.18 -5.1% Other overhead costs (includes <strong>Petmin</strong> fees) 127.39 115.36 12.03 10.4% Depreciation 32.69 29.14 3.55 12.2% Average cost at mine gate per tonne (R) 555.31 438.18 117.13 26.7% • The increased amount of overburden to be moved in this higher strip ratio environment resulted in an increase in mining cost of 56% when moving from a strip ratio of 1.7:1 in Area 2 to a strip ratio of 4:1 in Area 1. • The increase in production and sales volumes combined with efficiency improvements enabled Somkhele to limit the increase in total cost per tonne (at mine gate) to 26.7% • Average Cost at Mine Gate estimated to be R 650 for 2012 as ALL production will come fro Area 1 (Revised strip ratio of 3.8:1). …turning …A STRONG development PLATFORM projects …exceeding FOR into cash FUTURE generative expectations GROWTH assets
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 and 24: Investor presentation - 14 November
Page 25 and 26: Somkhele anthracite mine 25 More th
Page 27: Somkhele anthracite mine 27 …A ST
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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