Name of the Project
Bafokeng Rasimone Platinum Mine (BRPM) North Shaft Merensky Phase III project.

Location
North West, South Africa.

Project Owner/s
BRPM Joint Venture (JV), comprising Royal Bafokeng Platinum (RBPlat) and Anglo American Platinum (Amplats).

Project Description
The project is providing further replacement for Merensky production at the North shaft complex through the extension of the existing decline system from Level 10 to Level 15 at the mine boundary.

At steady state, Phase III will maintain the production level of the North shaft at about 100 000 t/m.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
R1.409-billion.

Planned Start /End Date
The total project scope will be completed during the second half of 2019.

Latest Developments
RBPlat boosted its production in the three months to March 31, in spite of several setbacks in the period.

This was despite an increase in safety-related stoppages at BRPM.

BRPM delivered 1.9% fewer tonnes to 525 000 t, owing mainly to safety-related stoppages and BRPM tonnes milled fell 6.4% to 516 000 t. The built-up head grade for the reporting period was 4.18 g/t, a 0.7% reduction.

Expenditure on the BRPM North Shaft Phase III Replacement Project was R1.1-million, which remains aligned to the scheduled completion of the scope of work by the first half of 2019.

Estimated cost at completion is forecast at a below-budget R1.2-billion.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
The project is on time and on budget.

Contact Details for Project Information
RBPlat executive: corporate affairs Mpueleng Pooe, tel +27 10 590 4515 or email mpueleng@bafokengplatinum.co.za, or investor relations executive Lindiwe Montshiwagae, tel +27 10 590 4517 or email lindiwe@bafokengplatinum.co.za.
Amplats corporate communications, Mpumi Sithole, tel +27 11 373 6246, fax +27 11 373 5846 or email Mpumi.sithole@angloamerican.com.