JUBILEE PLATINUM plc · 2017-10-30 · Partnerships TransAsia Minerals Limited Impala Platinum...

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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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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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Tjate Dealcar exhaust

� ZAR 49m for 35% interest in Tjate

� ZAR 112m for further 28% - Preference share recently agreed

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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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MadagascarCeramic

capacitors containing palladium

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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


Madagascar Status

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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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Londokomanana Licence

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Antsahabe BorokelyMavoandro


Londokomanana (Topography)

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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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Lavatrafo Licence

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RanomenaLavatrafo


Lavatrafo (Topography)

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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


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

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Bebasy Au

ALF01ALF01

ALF02ALF02


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


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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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

JUBILEE PLATINUM plc · 2017-10-30 · Partnerships TransAsia Minerals Limited Impala Platinum...

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