Post on 15-Jul-2020
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www.jubileeplatinum.com
JUBILEE PLATINUM plc
Colin Bird – Chief Executive Officer
April 2007
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JUBILEE PLATINUM PLCJUBILEE PLATINUM PLCJUBILEE PLATINUM PLCJUBILEE PLATINUM PLCJUBILEE PLATINUM PLCJUBILEE PLATINUM PLCJUBILEE PLATINUM PLCJUBILEE PLATINUM PLCJUBILEE PLATINUM PLCJUBILEE PLATINUM PLCJUBILEE PLATINUM PLCJUBILEE PLATINUM PLC
Mining Exploration Company
Platinum/Palladium Advanced and Early Results
Places South Africa
Madagascar
Projects Tjate
LondokomananaLavatrafoAmbodilafaItsindro
People Directors, Officers & Advisors
Partnerships TransAsia Minerals Limited
Impala Platinum Holdings
Performance Corporate & Share Price
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PLACES PLACES PLACES PLACES PLACES PLACES PLACES PLACES PLACES PLACES PLACES PLACES
Bushveld Complex
Jubilee properties not to scale
Northern Limb
Eastern LimbWestern
Limb
Map reproduced with permission of Johnson Matthey
Elandsdrift
Puselo
Tjate
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PLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACES
Tjate LocationIridum dies
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PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
Dsjate Farm - DT Boreholes
DT9
DT8 and DT9 Currently drilling
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PLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUM
Tjate DrillingSpark plugs
330
1.7
0.12
0.21
7.1
82
DT7
1099
1.6
0.27
0.91
18.9
47
DT5
564
1.7
0.24
0.39
11.2
134
DT6
296
0.8
7.60
85
DT4
340
1.6
0.14
0.26
6.4
79
DT4
305306250257245458Gross metal value $/t**
1.160.911.11.92.11.7Pt:Pd ratio
0.200.110.15% Cu
0.350.220.30% Ni
7.498.016.016.93.88.90Grade 4E * g/t
8295936161116Thickness++cm
DT3DT2DT1DT3DT2DT1Borehole
UG2 Reef +Merensky Reef +
* 4E = platinum palladium rhodium & gold + apparent thickness ++ including deflections
**Prices (April ‘07) $/oz: Pt 1 200 Pd 300 Rhodium 6 000 gold 650 Prices $/t: Ni 50 000 Cu 7 000
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PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
Tjate Propertycar exhaust
� Three contiguous farms 5,143ha
� Down dip of Impala’s Marula/Angloplats’ Twickenham mines
� Weighted average Merensky grade drilled to date 7g/t (4E) over 80 cm reef thickness
� Targeted tonnage and metal, three farms, some 280mt and 80m oz(4E)
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PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
Tjate Dealcar exhaust
� ZAR 49m for 35% interest in Tjate
� ZAR 112m for further 28% - Preference share recently agreed
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PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
Tjate Valuationcar exhaust
Share value (fully diluted)*
£/share
Value attributable
PGM (in situ)
4.16
3.12
2.08
1.04
63% attributable***
0.675
2.6820
2.0115
1.3410
35% attributable **US$/oz
•Basis 65m oz in situ, fully diluted shares (**86 812 051 ***100 607 935) US$1.95=£1
Lonmin - AfriOre $11/oz ($279M for 24.9M oz)
Implats - Afplats $6/oz ($580M for 92M oz)
Lonmin - Southern Platinum $13/oz ($273M inc debt for 20Mz)
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Posted InterviewPosted InterviewPosted InterviewPosted InterviewPosted InterviewPosted InterviewPosted InterviewPosted InterviewPosted InterviewPosted InterviewPosted InterviewPosted Interview
Impala Platinum -Mineweb
Keith Rumble: CEO, Impala Platinum
Interviewed By: Geoff CandyPosted: '28-AUG-06 06:23' GMT © Mineweb 1997-2006
Extraction of Interview
“MINEWEB: Moving on from that, you built Two Rivers with ARM. Are there any other opportunities in South Africa? Your growth, you say it's coming from Zimbabwe – are there any other mines that can be built in South Africa?
KEITH RUMBLE: “There certainly are. A case in point there is that our Marula operation, which is still ramping up, has a second phase attached to that. We’re only exploiting the UG2 reef at the moment, and we can exploit the Merensky reef in the fullness of time. We’re doing a feasibility on that. And the same holds for Two Rivers. The Merensky reef is still out there to be exploited. And then there are some of the junior properties that are being prospected as we speak, and they might hold some interest to us.”
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PLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACES
MadagascarCeramic
capacitors containing palladium
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PLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACESPLACES
Madagascar
� Politically stable
� Transparent mining code
� World Bank “vastly underexplored mineral reserves”
� World Bank - US$42m resources aid programme
� Active majors: Dynatec/Sumitomo Ni-Co; Rio Tinto mineral sands
� Jubilee first mover advantage prospective PGM–Ni-Cu acreage
� Major Ni-Cu-PGM formation discovery – Lavatrafo
Froth flotation
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car exhaust
Property
Preliminary drilling results announced
Geophysics anomaly identified
Ni-Cu & Au
Ambodilafa
Result of three holes announced
Drilling in progress
PGM-Ni-Cu
Londokomanana(Antsahabe)
Drilled three holes announced
Drill targets identified
Ni-Cu
Lanjanina
PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
Madagascar Status
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PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
Londokomanana & Lavatrafo
MAVOANDRO MAVOANDRO
ANTSAHABEANTSAHABE
BOROKELYBOROKELY
AMBOASARYAMBOASARY
LAVATRAFO LAVATRAFO
RANOMENARANOMENA
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PLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMLondokomanana (Antsahabe)
Drilling Results
*AM = all metals 3E = platinum palladium & gold
*Prices (April’07) US$/oz: Pt 1 200 Pd 300 gold 650 US$/t: Ni 50 000 Cu 7 000
** Apparent thickness
Platinum coated
ceramic stirrer
544
7.8�
0.10
1.17
0.01
5
including
404
5.8
0.15
0.78
0.05
20
including
332US$/t rockGross metal value*
4.7%Cu Equivalent (AM)
0.12%Cu
0.62%Ni
0.03g/t3E
48M**Mineralised intersection
ANT1Borehole
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PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
Londokomanana Licence
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Antsahabe BorokelyMavoandro
PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
Londokomanana (Topography)
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PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
LondokomananaGeochemGeochemGeochemGeochem & Electromagnetic (E& Electromagnetic (E& Electromagnetic (E& Electromagnetic (E----M) DataM) DataM) DataM) Data
Londokomananalicense boundary
NE E-M anomalyMavoandro
basic
ultrabasic breccia
granite
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PLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUMPLATINUM/PALLADIUM
Lavatrafo (Lavatrafo & Ranomena)
Drilling Results
*AM = all metals 3E = platinum palladium & gold
*Prices (April ‘07)US$/oz: Pt 1 200 Pd 300 gold 650 US$/t: Ni 50 000 Cu 7 000
** Apparent thickness
Platinum coated
ceramic stirrer
194
2.8
0.1
0.35
0.62
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RAN1
118158148US$/t rock
Gross metal value*
1.72.32.1%Cu Equivalent (AM)
0.210.140.11%Cu
0.180.260.23%Ni
0.530.661.05g/t3E
199270M**Mineralised intersection
LAV7LAV2ALAV1Borehole
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PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
Lavatrafo Licence
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RanomenaLavatrafo
PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
Lavatrafo (Topography)
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PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
AmbodilafaAnomalies and Previous drillholes
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� Major ultrabasic intrusion - 14 km long up to 4 km wide
� Previous 93m drill intersection disseminated sulphides
� Recent semi-massive, disseminated and net textured nickel-copper sulphide
mineralization intersected at 24 m depth to 200m depth
PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
Ambodilafa (Ni-Cu)pharmaceutical
Recent result Hole ALF03
0.020.120.616.5204.2197.7
0.060.160.635.598.993.4
0.110.761.292.252.950.8
0.310.110.762.426.824.4
3E
G/t
Cu
%
Ni
%
Interval
m
To
m
From
m
24
Bebasy Au
ALF01ALF01
ALF02ALF02
PROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTSPROJECTS
Ambodilafa (Topography)
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PROJECTPROJECTPROJECT
BELOBAKA GEOCHEM (Cu)
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PARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNER
Impala Platinum
� World’s second largest PGM mining group
� Extensive operations in Bushveld Complex and Great Dyke (Zimbabwe)
� JV earn-in of 51% in Ambodilafa for US$5 million expenditure
� Jubilee can fund its position or dilute to 35% free carry
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� TML (BVI registered) - Part of PT TransAsia Resources Group (Indonesia)
� Operations include coal, iron ore & nickel
� JV earn-in of 51% in Londokomanana (Londok) and Itsindro properties
� Earn-in expenditure US$7 million on Londok & US$3 million Itsindro
� Immediate cash injection US$2million
� Jubilee can fund position, or dilute to 20% free carry or sell position
� TML option for first refusal on bona fide offer for Lavatrafo property
PARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNER
TransAsia Minerals Limited
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PEOPLEPEOPLEPEOPLEPEOPLEPEOPLEPEOPLEPEOPLEPEOPLEPEOPLEPEOPLEPEOPLEPEOPLE
Directors Management Advisers
Directors
Malcolm Burne Non-Executive ChairmanChairman of Ambrian Capital plc
Colin Bird . Chief Executive OfficerChartered Mining Engineer
Chris Molefe Non-Executive DirectorFormer CEO Royal Bafokeng Resources
Andrew Sarosi Technical DirectorMetallurgist
Management
Raju Samtani Financial ControllerChartered Accountant
Iwan Williams MadagascarCountry Manager
Phil Raisin South AfricaMining Engineer
Consultants
Henri Lombard South Africa
Director of Geoconsult International
Hennie Blignaut All areasGeological Consultant
Nominated Advisors
Collins Stewart
Joint BrokersCollins Stewart & Ambrian Partners
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PARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNERPARTNER
Investors & Partners
Equity Partners
Golden Prospect 12.2 % TransAsia MineralsUS$10 million
JP Morgan Fleming Asset Management 9.5 %
Fidelity Managed Funds 6.7 % Impala Platinum
US$5 million
Colin Bird 8.3 %
Framlington Investment Management 6.2 %
Artemis Fund Managers 5.4 %
Fiske plc 3.7 %
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PERFORMANCEPERFORMANCEPERFORMANCEPERFORMANCEPERFORMANCEPERFORMANCEPERFORMANCEPERFORMANCEPERFORMANCEPERFORMANCEPERFORMANCEPERFORMANCE
Share Price Performance (courtesy of Bloomberg.com)
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Corporatecoins
� Current shares in issue 81,062,051
� Fully diluted share capital 86,812,051
� Market price 13 April 2007 £1.06
� Market capitalisation April 2007 £85 million
� Cash £5.3 million
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Summary
�� Tjate drilling confirms strategic position
� Tjate advancing to pre feasibility
� Tjate flagship property
� Three Madagascan areas with significant potential
� Balanced portfolio country and risk
Palladium ingot