• Long life, high grade Copper/Cobalt mine.
• Situated 10 km from Lubumbashi.
• Access to good infrastructure
• Concentrator commissioned in June/July 2006.
• Capital costs : $31 million.

Growth:

• Phase I production targets:
  • Copper:    10 000 tpa;
  • Cobalt:    1 000 tpa.
• Mineral resources/reserves: 3 200 000t @ 1.86% Cu/0.35% Co

Ruashi II – DRC

• Construction advanced
• Plant design capacity: 120 000 tpm
• Production target:       45 000 tpa Cu metal
                                     ±3 500 tons Co.
• First copper:              Q1 2008
• Capital costs:             $300+ million
• Life of mine:               +20 years
• Growth:
  • Mineral resources: 24.1 million tons @ 3.78% Cu & 0.79% Co.

By 30 June 2008 Ruashi produced 10 767 tons of copper, an increase of 69% year-on-year.
Approximately 835 tons were applied to charging the Ruashi II leach circuit and a further 1 100 tons were in stock/ in transit to Sable as at year-end.

• Situated at Kabwe, Zambia.
• Adjacent to major Zambian rail/road arteries.
• Metorex ownership: 100%.
• SX/EW plant commissioned in May 2006 (Phase 1).
• Capital costs:           $15 million.
• Production :             10-12 000 tpa copper cathode.
                                  1 000-1 100 tpa cobalt carbonate.

Growth & Project Update:

• Zinc treatment plant construction commenced
• Phase II: Dumps 4.9 million tons @ 5% Zn
• 415 000 tons oxide material at 10% Zn.
• Estimated cost of production $1200/t zinc

Barberton

• Mineral resources estimated at 7.4 million tons at:
  - 2.47% Sb.
  - 2.60 g/t Au.
• Production: Gold - 25 000 oz. / Antimony - 6 000 tpa.
• Mine life:     Approximately 7 years - 'Greenstone'.
• Growth:
  • Increased underground development
  • Alpha and Gravelotte Shaft evaluations

• Largest single resource in the world (±10%).
• CaF2  feed grade :       39% (high grade).
• Acidspar production :  ±180 000tpa (+12% annual growth).
• Metspar production :    15 000+ tpa.
• High quality product
• Growth:
  • Expanding markets.
  • Aluminium fluoride project