Sylvania Platinum (SLP) Corporate presentation summary

Operational performance

• Achieved record production volumes driven by improved running times, feed stability, and higher-grade feed sources.

• Maintains a low-cost base through a re-treatment and co-production model, keeping costs in the lowest PGM quartile.

• Thaba JV, a 50:50 partnership, commissioned in Q1 FY2026, adds chrome concentrate revenue and diversifies income.

• FY2026 PGM production guidance revised upward to 90,000–93,000oz 4E due to strong operational performance.

• Chrome concentrate production target for FY2026 revised to 50,000–55,000 tons following ramp-up challenges.

Financial performance

• Net revenue for 9M FY2026 reached $177.5 million, with group EBITDA at $98.1 million.

• Group cash cost per 4E oz was $969, and Thaba JV cash cost per chrome ton was $132.

• Cash balance as of 31 March 2026 stood at $63.3 million, supporting a debt-free balance sheet.

• Dividend payments and buybacks continue, with $124.6 million paid to shareholders since 2018.

• Capital allocation remains disciplined, focusing on high-return projects and operational improvements.

Growth and project development

• Thaba JV ramp-up ongoing, with focus on plant optimisation, feed quality, and mining plan improvements.

• Pre-feasibility study for a new treatment facility on the Eastern Limb expected by Q4 FY2026.

• Exploration assets Volspruit and Aurora progressing, with drilling at Aurora and licensing at Volspruit.

• Ongoing evaluation of external chrome and PGM opportunities, including fine chrome recovery and new feed sources.

• Hacra project impaired and not part of future development plans.