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Metmar Limited P resentation

Metmar Limited P resentation. March 2013. DISCLAIMER. Disclaimer:

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Metmar Limited P resentation

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  1. Metmar LimitedPresentation March 2013

  2. DISCLAIMER Disclaimer: This presentation contains forward-looking statements about the company’s operations and financial conditions. They are based on Metmar Limited’s best estimates and information at the time of writing. They are nonetheless subject to significant uncertainties and contingencies many of which are beyond the control of the company. Unanticipated events will occur and actual future events may differ materially from current expectations due to new business opportunities, changes in priorities by the company or its joint ventures as well as other factors. Any of these factors may materially affect the company’s future business activities and its ongoing financial results.

  3. Who is Metmar? • Commodity trader; finance and logistics facilitator and identifying new sources of supply • Elimination of risk and building long term customer and supplier relationships • Developing assets and generating revenues related to mining, producing and trading of ores, alloys, metals, carbon materials, plastics and chemicals • Strong value proposition to customers and suppliers: • Long standing relationships with leading local and international financial institutions • Extensive worldwide network and experience in identifying and managing of associated risks • Listed on the JSE; Bloomberg (MML:SJ), Reuters (MMLJ:J) • Executive management aligned with shareholder interests

  4. METMAR LIMITED Metmar Limited - Structure • Metmar Investments and Resources • Metmar • Trading • Metmar Polychem • David EllwoodCEO • Piet BoshoffCEO • Greg LotisCEO • Brent HeanCEO • Michael GoldingCOO • Metals and Minerals Trading • All Investments and Projects • WAG, SNF,Plastics and Rubber

  5. Metmar Investments and Resources • Strategic stakes in key investments • Focused on key commodity sectors • Top priorities: Chrome, Manganese, Coal/Coke, Tin/Tantalite andPig Iron • Defined investment criteria • Review of existing portfolio underway • Investments and Projects ■ Deal-making ■ Financial modelling ■ Capital raising ■ Interaction with Funding Partners ■ Resource Management ■ Managing All Risks

  6. Metmar Trading • Core business of Metmar with >27 year trading history • Positioned to leverage growth from Metmar Investments and Resources • Increased volume flows from associated offtake agreements • Supportive local and international banking relationships • Increasing trade finance lines to satisfy growing volumes flowing from Group’s investment activities Metals and Minerals Trading ■ Offtake Agreements ■ Commodity Market Intelligence and Pricing ■ Global Customer Base ■ End-to-end Logistics and Finance Facilitator

  7. Metmar Polychem • An autonomous division of Metmar Trading • Separate accounting functions • Reports to Metmar Board • Distribution volumes average 50 000mt p.a. • Largest SA distributor by volume of broad range of rubbers and plastics • Warehousing and logistics services in the major centres in South Africa • Ranked among the Top 5 suppliers of polymer raw material in S.A. • Contribution to total Metmar profit has increased annually • Extensive management experience retained within division Plastics and Rubber Distribution and Trading ■ WAG ■ SNF Food Chemicals and Ingredients

  8. Metmar Investments and Resources Investments and Projects

  9. Metmar Investments and Resources: Core Investments and Projects Metmar Africa (Mauritius) Kivu Resources Eastern Belt Chrome Mines Zimbabwe Chrome South Africa Chrome Rwanda Tin/Tantalite Kalahari Resources Metmar Industrial SA Metals Equity Manganese Zim Coke / Stockpiles Pig Iron Alphamin Resources DRC Tin

  10. Metmar Investments and Resources: Non-core Investments and Projects (available for sale) Gassifier Clay Fusion Technologies Pering Base Metals 1.2 MW coal gas fired generation unit Low cost brick making patent + equipment Zinc/Lead mine Metmar Speciality Metals Chrome Gravity Separation Plant Vanadium slag stockpile / Hydro-met process equipment 100,000 tpm spiral circuit

  11. Metmar Investments and Resources Metmar Chrome Business

  12. Metmar Chrome Assets • Eastern Belt Chrome Mines (100%) • Chrome ore offtake agreements with Metmar Trading • Sefateng Chrome Mines: 36mt LG6 + LG6a deposit with opencast material • Steelpoort Chrome Mines: 700 000t opencast high margin ore body • Zimbabwe Alloys Chrome (7,7% effective) • Former Anglo American operation • Smelting complex in need of refurbishment • >40mt high grade chrome resource • Company complies with local indigenisation laws

  13. Metmar Investments and Resources Other strategic investments

  14. Manganese: Kalahari Resources (4.66% indirect investment in Kalagadi Manganese Project) • R12bn project • Underground mine: 3mt ROM ore p.a. • On site beneficiation: 2.4mt of sinter p.a. • Potential smelter to be built at Coega • 320 000t HCFeMn p.a. from 700 000t sinter

  15. Pig Iron: SA Metals Equity (20% direct investment) • Plans to build Fe extraction plant from Calcine (residue from vanadium manufacturing) Calcine stockpiles in SA exceed 60mt • Exploring opportunities to secure Calcine stockpiles in Rustenburg / Brits area • Secured all required technologies under exclusive licenses • Metmar provided R8m of angel finance to fund pre-feasibility study, in exchange for 20% stake • SA Metals raised R30m in 2012 to fund a bankable feasibility (significant premium to Metmar entry level) Production cost of <$200 per ton: Significant profit potential

  16. Rwanda Tin: Kivu Resources (32.4% direct investment) Gatumba Mining Concessions (89.9% owned by Kivu) • GMC recently re-capitalised with USD 7.4 million • All creditors settled • Plant and Machinery purchased: • Earth moving & drilling • Crushing, screening & gravitation • Ancillary • 100 tpm expected in H2 2013

  17. Questions? Further information contact: • David EllwoodExecutive Director, CEO Tel: +27 (0)11 267 3000 Email: david@metmar.co.za • Sean Naylor, CFA • Corporate Finance / Investor Relations Tel: +27 (0)11 267 3000 Email: sean@metmar.co.za Disclaimer: This presentation contains forward-looking statements about the company’s operations and financial conditions. They are based on Metmar Limited’s best estimates and information at the time of writing. They are nonetheless subject to significant uncertainties and contingencies many of which are beyond the control of the company. Unanticipated events will occur and actual future events may differ materially from current expectations due to new business opportunities, changes in priorities by the company or its joint ventures as well as other factors. Any of these factors may materially affect the company’s future business activities and its ongoing financial results.

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