Impala Platinum 10 Shaft Decline Analyst Visit - 25 October 20 Welcome Gert Ackerman 2 1
Overview of Impala Platinum Paul Visser 3 Fatality rate per million hours 0.3 0.25 0.2 0.15 0.179 0.161 0.150 0.139 0.1 0.092 0.088 0.05 0 FY'98 FY'99 FY'00 FY' FY' FYTD' 4 2
Lost time injury frequency rate 18 16 14 (per million man hours) 12 10 8 6 4 2 0 Jan- Feb- Apr- May- Jun- Jul- Sep- Oct- Nov- Jan- Feb- Mar- May- Jun- Jul- Aug- Oct- LTIFR 6.38 8.73 7.68 8.42 14.46 15.90 12.53 11.75 6.45 5.61 6.73 6.71 4.69 8.48 6.04 6.95 4.52 12 Mnth Ave 8.53 8.17 8.25 8.22 8.54 9.19 9.97 10.15 10.05 9.96 9.78 9.50 9.09 8.58 7.80 7.39 6.43 Target 8 8 8 8 8 7 7 7 7 4 4 4 4 4 4 4 4 LTIFR 12 Mnth Ave Target 5 Safety initiatives Audit by Rio Tinto s SHE team 5 Platinum rules for safety Du Pont - SMAT training Fall of Ground Prevention Campaign Ground Control Districts (GCD) Platinum producers safety forum 6 3
Vision and objectives Innovation Business Intelligence Improved Efficiencies Real Unit Cost Reductions Ideas Unlock employees potential Volume growth New Technology Benchmarking (Internal & External) Increased Shareholder Value Capital Efficiency Vision - To continually improve Impala operations by increasing production, on, reducing real costs and the efficient use of capital to increase shareholder value/return eturn 7 Optimisation drive Grade People and ICU Equipment and misfires Panel lengths Development Re-development DPS monitoring Compressed air Advance per blast Logistics Optimise Improve Maximise New Technology 8 4
Fixco scorecard Impala FY Jul- Aug- Sep- BP Fixco Face advance 15.8 16.1 16.8 16.9 16.8 16.8 Advance per blast 0.84 0.84 0.84 0.84 0.87 0.87 Blast per month per team 18.93 19.28 20. 20.19 19.20 19.20 HR lost blasts / team 0.72 0.70 0.24 0.22 0.45 0.42 Equipment lost blasts / team 0.75 0.51 0.53 0.40 0.67 0.62 Misfires lost blasts / team 0.48 0.38 0.41 0.52 0.37 0.37 Other Lost blasts / team 2.13 2.13 1.82 1.67 2.32 2.39 Centares / team (review) 398 417 428 436 425 425 Centares / team (full) 426 429 438 425 425 Panel length 25.1 25.9 25.5 25.9 25.3 25.3 Panel teams (7+ empl) 623 634 641 648 654 Panel teams (7+ empl & prod m2) 621 639 645 654 Face length per panel employee 2.6 2.5 2.3 2.5 2.4 2.5 9 Fixco scorecard Impala (Continue) FY Jul- Aug- Sep- BP Fixco Centares per ½ level 1 235 1 288 1 386 1 423 1 343 2 242 Centares per raise line 553 592 594 747 Re-Development per Month 7 139 6 282 5 895 6 212 7 136 6 940 Dilution - Mer 59.2% 61.8% 61.8% 61.5% 46.6% 50.9% Dilution - UG2 42.4% 44.6% 44.7% 42.5% 39.0% 39.0% Mill Grade (PGM g/t) 4.04 4.19 4.26 4.29 4.10 Off-Reef metres/team 24.3 23.9 24.5 27.8 22.9 30.0 On-Reef metres/team 18.6 20.4 19.3 19.4 20.0 25.0 Compressed Air 131.8 130.4 113.0 100.0 100.0 Total cost / tonne produced 146.94 154.14 149.19 144.64 149.79 149.79 Total cost / kg produced 36 351 36 790 35 9 33 687 36 493 36 493 10 5
Average panel lengths 29.0 28.1 Ave Panel length (m) 28.0 27.0 26.0 25.0 24.0 26.6 24.2 26.9 23.9 26.2 25.3 26.6 27.6 27.5 27.2 24.3 23.5 23.6 27.0 24.7 23.8 27.6 27.6 24.3 23.6 27.2 24.6 23.0 23.0 22.0 Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Ave Mer Panel length Ave UG2 Panel length Linear (Ave UG2 Panel length) Linear (Ave Mer Panel length) 11 Stoping efficiencies 440 Cenatres per Panel Team 430 420 410 400 390 380 370 42.1 38.0 37.5 40.2 40.1 39.3 41.7 44.0 42.0 40.0 38.0 36.0 34.0 Centares per Panel Man 360 32.0 350 415 383 383 398 425 429 439 Apr- May- Jun- FY Jul- Aug- Sep- 30.0 Centares per Panel Team Centares per Panel Man 12 6
Grade key drivers Percentage channel dilution Under break Over break Off reef Exterior width 3m width Development waste control Sweepings 13 Production performance FY20 Weighline Tonnes 57,000 55,000 53,000 51,000 49,000 4.04 4.18 4.28 4.29 4.35 4.30 4.25 4.20 4.15 4.10 4.05 Grade (PGM g/t) 47,000 51,130 51,936 53,832 56,317 45,000 FY Jul- Aug- Sep- 51,130 51,936 53,832 56,317 4.04 4.18 4.28 4.29 Kilograms (PGM's) per Month 4,731 5,113 5,634 5,676 4.00 3.95 3.90 Weighline tons per Shift Grade (PGM g/t) 14 7
10 Shaft underground visit Hans Dodds 15 Mining plan of Impala lease area Boschkoppies 12N shaft 12 shaft 12 shaft decline 8shaft 6shaft 7shaft 14 shaft 14 shaft decline 11 shaft decline Operating shafts New decline shafts Proposed shafts No 10 shaft 7A shaft 11 shaft 4shaft 10 shaft 5shaft 10 shaft decline Mineral Processes UG2 Plant 2A & 2 shaft 9shaft 1shaft Proposed 16 shaft 1shaftdecline 16 8
History Started mining in 1987 Merensky Ore Reserves UG2 Reserves 15,7 million tonnes 21,2 million tonnes 17 Safety Safety initiatives Du Pont s SMAT 5 Platinum rules established Fall of Ground Prevention Campaign Shaft Safety Drivers Impala Values Safety statistics 246 898 Fatality free shifts LTIFR 12-month average 7.98 First quarter 7.70 18 9
Safety - LTFIR rate 30 25 (rate per million man hours) 20 15 10 5 0 LTIFR 12 Mnth Rolling Ave Target 19 No. 10 Vent UC No. 10 SHAFT 10 Shaft decline 650 m 9 L 10 L 11 L * Visit area 12 L 13 L 1057 m 14 L 15 L Silo s 16 L Chairlift New Extensions 1164 m 1219 m 1269 m 17 L 18 L * 19 L Conveyor 20 10
Efficiencies face advance per blast vs face advance per team Advance per team 18.5 18.0 17.5 17.0 16.5 16.7 0.85 17.7 0.93 0.91 0.90 17.7 18.0 0.94 0.92 0.90 0.88 0.86 0.84 0.82 Advance per blast 16.0 FY- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- 0.80 Face Advance per Team Advance per Blast 21 Efficiencies 510 18.5 N 500 18.0 Ca's / team 490 480 470 460 450 440 430 16.7 17.7 17.7 18.0 17.5 17.0 16.5 Face Advance / team 420 410 440 FY- 478 Jul- 480 Aug- 496 Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- 16.0 Ca/Team FA/Team 22 11
Grade control performance mill grade 5.5 5 4.5 Grade (g/t) 4 3.5 3 2.5 2 4.15 Ave FY00 4.15 Ave FY 4.48 Ave FY 4.72 Jul- 4.59 Aug- 5.18 Sep- 4.75 Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Months Mill Grade Achieved Average 23 The way forward Life of mine 25 years Working levels 9 to 19 11 Stoping teams 63 Monthly tons 120 000 tonnes Development metres/month 800 metres Mill grade 4.30 Monthly kg 495 Cost per kg R32 000 Employees (in service) 2 138 24 12
Impala Platinum 10 Shaft Decline Analyst Visit - 25 October 20 13