Key strengths

Platmin’s strength lies in the combination of its quality project, management skills, partnerships and ability to finance its projects to explore and develop platinum group metals (PGMs) mineral resources located in the world’s largest PGM district.

The market for PGMs is strong and growing, particularly for use in autocatalysts and, in the longer term, for clean-energy products such as fuel cells. Demand for platinum and rhodium, in autocatalysts accounted for approximately 61% of total demand in 2007 (ref Johnson & Matthey 2007). Demand for PGMs in jewellery is firm, particularly in fast-growing eastern economies.

Platmin is led by a highly experienced management team and board of directors including professional geologists, engineers and financiers and metallurgists, with relevant PGM exploration, development and operating experience. It has Joint Venture agreements and business relationships with several major PGM producers including Anglo Platinum on the Pilanesberg Project area, Lonmin Plc on the Loskop Project and BHP Billiton and Samancor Chrome on the Grootboom Project.

Platmin has a strong share register including: Lonmin - Plc the world’s third largest platinum producer (approx 17.40%); Karrick Group, a family trust of the Mittal Family (Mittal – Acelor) (approx 21.11%); Mineral Securities (17.69%), an Australian based fund; CDC (Actis) (approx 13.03%), a fund of the British Government.

These institutional investors collectively own more than 50% of the company's common shares. They remain supportive of capital raising exercises as necessary to finance project developments.

The company’s Black Economic Empowerment (BEE); partner is the Moepi group of companies (Moepi), Moepi holds an interest exceeding 26% in Boynton, Platmin’s operating subsidiary in South Africa. This level of BEE ownership has been achieved well ahead of the 26% required by 2014 under South African mining law. In partnership with Moepi, Platmin is well positioned to develop a series of projects beyond the four currently at a comparatively advanced stage, three being near surface projects.

A particular strength is that our assets are all located on the Bushveld Complex in South Africa – a stable, democratic country with a long history of mining, investor-friendly laws and the infrastructure and skills pools needed for the development and operation of new mines.

Platmin’s ore is low in chrome with high base metal credits, making it attractive for the smelter operations of the majors.

The possibility that Platmin could produce in excess of 500,000 oz of PGMs from its Pilanesberg, Mphahlele and Grootboom projects presents the company with the unusual possibility amongst the junior PGM companies of investigating viability of building its own smelter.

Our high quality projects in terms of their Mineral Resources and their suitability for development represent a pipeline of developments that will take Platmin through several decades of growth and wealth creation.