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Platina Resources Limited Rob Mosig, Managing Director. Global Resources Investing Conference Hong Kong - June 2010. Disclaimer.
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Rob Mosig, Managing Director
Global Resources Investing Conference
Hong Kong - June 2010
This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of Platina Resources Limited (“Platina”), its subsidiaries and its projects, the future price of platinum group metals (“PGM’s”), the estimation of mineral resources, operating and exploration expenditures, costs and timing of development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation, environmental risks, reclamation expenses, title disputes or claims and limitations of insurance coverage. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Platina and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of PGM’s; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accident, labor disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although Platina has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this presentation and Platina disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Platina undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Cautionary note to United States Investors concerning estimates of Measured, Indicated and Inferred Resources: This presentation uses the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations (under National Instrument 42-101 Standards of Disclosure for Mineral properties), the United States Securities and Exchange Commission does not recognize them. United States investors are cautioned not to assume that all or any part of Measured or Indicated Resources will ever be converted into Mineral Reserves.
Platina Resources Overview
Proposed Work Plan - 2010
Gold Long Term Investment Demand Has Shifted Upwards
BRIC Vehicle Sales In Relation To Global Vehicle Sales
Percentage of Supply Held by ETFs
Note: ETF data represent holdings at the end of the year. 2009 ETF data is year-to-date. 2009 platinum and palladium is forecast supply.
Platina Resources Limited (“Platina” or the “Company”) is a PGM and gold development and exploration company with a global portfolio of advanced and early-stage projects.
Platina has advanced development of its two primary assets, Skaergaard (located in Greenland) and MunniMunni (located in Australia), by completing the second stage of pre-feasibility work for Skaergaard and finalizing a scoping level study for MunniMunni.
Both, Skaargaard and MunniMunni, are wholly owned by Platina with no royalties payable on production.
Skaergaard and MunniMunni, together, have mineral resources containing 10.4 million oz gold, 30.7 million oz palladium, 2.8 million oz platinum and 76 thousand oz rhodium.
Platina is adding development resources to its seasoned management team to optimize the beneficiation plans for the Company’s advanced stage projects.
Work programs for 2010 are focused on increasing the confidence level of the Skaergaard mine resource and confirming metallurgical recovery rates for MunniMunni.
(1) Source MEG: Includes active projects in either the resource development, feasibility or preproduction stage.
Share Structure (June, 2010 )
Platina listed via IPO on the ASX at A$0.20 per share on May 29, 2006
Basic issued & outstanding shares 85,516,498
Options on issue - Quoted 15,443,875
- Unquoted 5,603,000
Fully diluted 106,563,373
Common shares listing ASX: PGM
Share price (07/10/09) AUD$0.28
Management ownership (fully diluted) 8.39%
Cash on hand A$6.2 million
Market Capitalisation A$23,944,619
Head office Varsity Lakes, Queensland, Australia
Robert W. Mosig, Managing Director – MSc, FAusIMM, FAICD
Robert Mosig is a geologist with over 30 years experience in platinum group metals, gold and diamond exploration within Australasia.
Thomas Abraham-James, Exploration Manager – BSc (Hons), MAusIMM
Thomas Abraham-James is a geologist who began his career conducting advanced exploration on South Africa’s Bushveld Complex (Placer Dome), he later worked as a mine geologist at Rio Tinto’s Argyle Diamond Mine and has since joined Platina. Tom has worked on all of the Company’s projects and managed the 2008 and 2009 Greenland field seasons.
John Ferguson, Non Executive Director – PhD, DSc, FAusIMM, Life Fellow Geological Society of South Africa
Dr. John Ferguson has been involved in the minerals industry, academia and geological surveys for the past 40 years. He has conducted extensive exploration activities in Australia, southern Africa, Greenland, Canada, Chile, Mexico, Mongolia, and China in particular for diamonds, gold, platinum group elements, uranium and heavy mineral sands.
Reg Gillard, Non-Executive Chairman – BA, FAICD, FASCPA, MRAJWA
Reg Gillard has over 30 years experience in the formation, governance and financial maintenance of exploration and mining companies throughout the world.
Brian Moller, Non Executive Director – LLB (Hons)
Brian Moller is a corporate partner in the Brisbane based law firm HopgoodGanim where he has been a partner since 1983. He practices almost exclusively in the corporate area with an emphasis on capital raising, mergers and acquisitions.
Inferred Resource Estimate
* Inferred Resource Estimate calculated under Canadian National Instrument 43-101
AMEC Minproc Pre-Feasibility Level Findings
Proposed 2010 Drilling Program
2010 field drill program – provide information on margins of 3ppm grade contour
2010 field drill program – 250m x250m infill drilling in area of economic interest
MunniMunniUndiluted Resource Estimate at a cut-off grade of 1.9g/t PGM + Au (SRK, 2002, subsequently confirmed by Snowden, 2003).