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Grade5.004.00g/t 4E3.002.001.000.002002 2003 2004 H1 05Built Up Grade 2.52 3.23 4.09 4.13• Includes low grade ‘other’ sources – depleted by end 2005• Current underground average grade 4,45 g/t
Plant 4E Recovery90.00%% Recovery 4E85.00%80.00%75.00%70.00%2002 2003 2004 H1 054E Recovery 80.50% 83.60% 84.00% 84.09%● Steady state planned recovery 86%● Achieved 240 ktpm in May 2005● Expert systems in place – circuit optimisation ongoing
Page 2 and 3: Agenda●●●●●●●●Safet
Page 4: LocationJV area
Page 7 and 8: Fatalities3.503.002.502.001.501.000
Page 9 and 10: Modikwa Platinum Mine - lease areaN
Page 11 and 12: Stratigraphic column in proximity o
Page 13 and 14: Vertical grade distribution in UG2N
Page 15 and 16: 2004 Merenskyresource categories(Da
Page 17 and 18: Exploration status• Phase 1 footp
Page 19 and 20: On-mine - Exploration drillingSurfa
Page 21 and 22: Original design• Twin decline sha
Page 23 and 24: Reef DriveDiagonalMuck BayDip Pilla
Page 25 and 26: Footwall DriveMiningDirectionMining
Page 27 and 28: Current mine design
Page 29 and 30: Production sources(000’s tons per
Page 31 and 32: Conversion to footwall strikedevelo
Page 33 and 34: Immediately Available Reserves (Rai
Page 35 and 36: Monthly area mined (m 2 )40,00035,0
Page 37: Average Tons Milled per month250,00
Page 41 and 42: Operating costs
Page 43 and 44: Cash cost / equivalent refined Pt o
Page 45 and 46: Capital expenditure
Page 47 and 48: Capital expenditureMain Items for 2
Page 49 and 50: Employee relations● Community and
Page 51 and 52: Key business issues• Improved saf

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