Monastery Kimberlite project Presentation overview 16 Feb14

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Information about Monastery Kimberlite project Presentation overview 16 Feb14
Investor Relations

Published on February 25, 2014

Author: Thabex

Source: slideshare.net

Description

Monastery Kimberlite project - Exceptional Kimberlite, Exceptional diamonds

Monastery Kimberlite Project South Africa This presentation is not a solicitation for investment

Monastery Kimberlite Exceptional kimberlite Exceptional diamonds

History of Monastery Mine • • • • • • • • • • Discovered 1888 – Sekameng - ilmenite Mined briefly during Anglo Boer War Land dispute with Lesotho after Union of South Africa from 1908 to 1965 Farmer prospected from 1964 De Beers/Randgold JV prospected underground and fissure 1968 to 1973 then acquired by Octha The Octha Group sold to GEMEX in 1980 Mine put on care and maintenance 1983 Acquired by Thabex in 2007 Thabex New Order Prospecting Right to 2011 Mining Right granted in December 2013

Corporate Structure Thabex Limited Public Investors (45%) Tradepost 121 (Pty) Ltd (86%) Private Investors (14%) Monastery Mine (Pty) Ltd (94,44%) Mining Right Granted BBEE Partner (5.66%)

Location of kimberlite pipe

Monastery Mine

Monastery Mine Fissure Main kimberlite pipe Kimberlite blows

Gemex 1980 - 100tph DMS Construction of the 100tph EL Bateman DMS plant during early 1980

Monastery old 100tph DMS 100tph DMS plan and Concentrate recovery unit in the background to be refurbished

Prospecting - 40tph DMS Director: Joe Rachidi and Technical manager: Eben van Tonder

Diamond Resources Total Diamond and Mineral Resources: 1.5m cts and 300 000t ilmenite (6Mt at 25cpht up  MK Fissure strike of 2km estimated grade 18cpht Measured Diamond Resource up to 100m 1.7Mt at 25cph Indicated Diamond Resource up to 300m 2.3Mt at 25cpht to 500m estimated by SMI in CPR of 3 January 2014)  Depth extension of main pipe to 800m Inferred Diamonds Resource up to 500m 2Mt at 25cpht

Monastery Kimberlite – MK1 Quarry type kimberlite

Monastery Kimberlite – MK2 Breccia type kimberlite

Monastery Kimberlite – MK3 Fine grained type kimberlite

Monastery Kimberlite – MK4 East end (khaki) type kimberlite

Monastery Fissure – MKF Fissure kimberlite

Project development Project development phases Monastery Kimberlite Project Project Definition Resource definition Feasibility Drilling Raise Capital Geological studies Confirmation Drilling Proven Resources Establish Mining Operation Mineral Rights Measured Resources Bankable feasibility Phase 1 Phase 2 Production Phase 3

Project valuation Real Net Present Value estimated at R582m up to 300m deep - 4Mt at 25cpht • Estimate diamond price R3 000/ct • Capital requirement R155m • Cash cost of R270/t or R1080/ct • R/$ exchange rate of R10.00/$ • Real discount rate of 10% • RIRR in excess of 240% • Payback within 2 years • 10+ year life of mine

Sensitivity analysis

Monastery Mine - Future Entrance to Monastery Mine with already established infrastructure – Thabex’s head office

Monastery Mine - Future Eben van Tonder holding a large garnet indicating the exceptional sizes of megacrysts contained in the Monastery Kimberlite

Monastery Mine - Future Eben van Tonder and Jeremy Clarke of Paradigm Project Managers on over Sized dump of 50 000t available for immediate treatment

Monastery Mine - Future Exceptional Kimberlite exceptional diamonds • 20% gem quality diamonds • Produced +20cts diamonds 9.95cts high quality rough diamond high quality rough diamonds

Thank you Monastery Kimberlite Project South Africa This presentation is not a solicitation for investment

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