Prescient presentation - Petmin

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Geographic diversification 8 A B C D E F •Anthracite South Africa: 100%-owned cash-generating Somkhele anthracite mine •Silica South Africa: 100%-owned cash-generating SamQuarz silica mine •Iron ore South Africa: 25% of Veremo pig iron project Liberia: 50% of Mount Ginka iron ore exploration project Canada: Up to 49.9% of iron sands exploration and development project •Copper Turkey: Up to 37.5% of Sivas copper exploration project and 10% stake in Red Crescent Resources with zinc and manganese prospects E E D F A B C …Committed …A PLATFORM to growth, FOR dedicated GROWTH to value
9 Significant upside potential as at 30 June 2011 <strong>Petmin</strong> is trading at a discount to the directors’ valuation Market Capitalisation (09 November2011) ~R1.5bn Current share price = R2.59 Somkhele R2.388bn (DCF @ 10% Real, net of debt) SamQuarz R0.231bn (Estimated after tax proceeds on sale) Veremo R0.496bn (Audited Valuation – FY11) Projects* R0.022bn (Cost of investments – FY11) Cash R0.228bn Corporate Office -R0.336bn (NPV over 20 years) TOTAL R3.029bn NAV per Share (with Corporate) R4.95 (612m shares fully diluted) *Huge optionality and value …Committed to Growth, dedicated to value
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: Current overview of Petmin 7 Red Cr
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 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
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Prescient presentation - Petmin

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