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Prescient presentation - Petmin

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56<br />

Veremo iron ore<br />

25% stake in Veremo iron ore project in Mpumalanga<br />

Magnetite with 42% Fe and 14% TiO 2 - suitable for high-quality pig iron production<br />

Mining right application submitted<br />

Production anticipated 2013-14<br />

Close to power, rail and water supply<br />

R50m capital expenditure to date<br />

Guaranteed dividend 2012-2014 of R65 million pa<br />

…A STRONG …Committed PLATFORM to growth, FOR …exceeding dedicated FUTURE to expectations<br />

value GROWTH

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