Company Information for Platmin Limited

TSX-PPN; AIM-PPN

www.platmin.com

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TSX; PPN

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Company Statement

Platmin: (PPN:TSX, AIM) is incorporated in Canada as a mineral exploration company that is focused on the exploration for, and working towards the development of, platinum group metal ("PGM") deposits in South Africa. Platmin is admitted to trading on the AIM Market of the London Stock Exchange PLC and the TSX. The rights of shareholders in Canadian incorporated companies may differ from UK incorporated companies. There are no restrictions on the transfer of company shares.

Platmin’s goal is to become a significant producer of PGMs through the development and operation of several mines on its Key Projects. The combination of Platmin’s high quality PGM Projects which present a Pipeline of Development and Growth Potential and its experienced team gives Platmin the edge over its peers in the industry. Platmin is well positioned to make a successful transition from advanced PGM exploration to become South Africa’s next independent PGM producer.

Platmin Management: Platmin is lead by a highly experienced management team and Board of Directors including professional geologists, engineers and financers and metallurgists, with relevant PGM exploration, development and operating experience.

Platmin’s management team and Board of Directors is backed by a dedicated staff of several employees and consultants holding positions in operational and technical areas and administrative areas. Platmin has an extremely strong team of geologists and engineers.

Partners: Platmin has Joint Venture agreements with, and is in business with, several major PGM Producers including Anglo Platinum on the Pilanesberg Project area, Lonmin Plc on its Loskop Project and BHP Billiton and Samancor on its Grootboom project and other areas of the PGM bearing Bushveld Complex of South Africa.

Platmin’s lead BEE partner Moepi Capital is headed by Mr. Kwape Mmela. Moepi Capital is integral to Platmin’s development and country strategy in South Africa.

Current Operations

Platmin’s strategically located projects includes significant mineral resources that are attractive given their scale, grade, reef widths and proximity to surface as well as their particular metallurgical makeup. Four Key Projects and several other earlier stage projects located on the Bushveld Complex in the Republic of South Africa. Platmin’s goal is to become a significant producer of PGMs through the development and operation of several mines on its Key Projects. The Key Projects comprise:

Pilanesberg Project located on the western limb of the Bushveld:

The positive results of the Pilanesberg Project Feasibility Study (“FS”) confirm a robust project. Platmin’s Board of Directors has given approval to proceed with the development of the project.
FS completed by SRK Consulting (“SRK”), based on Proven and Probable PGE Mineral Reserves totalling 4.4 million ounces (“Moz”) of 3PGEs + Au (3.2 Moz attributable to Platmin).
Life of Mine (“LoM”) 16 years with production planned to commence early 2009 with an average production rate of 250,000 oz/year 3PGE+Au in concentrate for the first 11 years.
Base Case Internal Rate of Return (“IRR”) of 21.7% in real terms and 31.3% in nominal terms (ungeared after tax).
Base Case Net Present Value at an 8% real discount rate (ungeared after tax) (“NPV (8%)”) of ZAR1.82 billion (US$260 million).
Payback period on capital of 2.5 years following first production.
Average operating margin of 46% over LoM.
Outcropping/near surface resources
The presence of Ruthenium and Iridium in ores and concentrates which will be co-produced with the 3PGEs has the potential to improve project values, positively affecting the IRR and NPV of the project.
Engineering firm Dowding Reynard and Associates (“DRA”) has been appointed to implement the design and construction phase of the project.

M'phatlele Project located on the northern part of the eastern limb of the Bushveld:

Significant resource of 12.6M oz (Inf.).
8 km strike length.
Contiguous with Lonmin’s Limpopo PGM operations (Messina).
Resource from near surface to 1,000m.
Potential for resource increase and upgrade.
Work program budget of US$4.1 million (2 years).

Grootboom Project located on the eastern limb of the Bushveld:

Near surface resources defined - 6M oz(meas & Ind), 1.7M oz(Inf).
56 bore holes and 94 auger holes drilled to date.
High grade: 5.5g/t 3PGE+Au (Indicated), 6.1 g/t 3PGE+Au (Inferred).
Adjacent to Spitzkop (Eastern Platinum).
Focused on exploration of UG2 reef.
Agreement to acquire PGM rights on neighbouring Annex Grootboom.
Targeting mineral resource upgrades followed by an integrated feasibility study.
Work program budget of US$6.0 million (2 years).

Loskop Project located on the eastern limb of the Bushveld:

Limited historical drilling.
Potential for resource increase and upgrade.
4.4 g/t 2PGE+Au plus base metal credits.
JV with Lonmin – Lonmin has right to maintain an option to acquire a 50% interest in the project.
Platmin expects Lonmin to undertake further drilling before commencing a pre-feasibility study.

Geographical Spread

South Africa

Board of Directors and Key Management

Board:
Rupert Pardoe	Chairman
Ian Watson	Director and CEO
Keith Liddell	Deputy Executive Chairman
Ronald Little	Non-Executive Director
Peter Ruxton	Non Executive Director
Jay Kellerman	Non Executive Director
Kwape Mmela	Chief Strategy Officer
Terence Holohan	Chief Operating Officer
Ralf Degni	Acting Chief Financial Officer

Management:
Neil Crafford-Lazarus	Director and CEO
Mark Bolton	Vice President Corporate Development
John Astrup	Exploration Manager
Dr Paul Woolrich	Pilanesberg Project Manager
Claude de Bruin	Corporate and Legal Affairs Manager
Dave Betton	Operations Manager
Shibe Matjiu	Institutional and Social Development
Jan Erasmus	Legal Manager - South Africa

Company Address

Head Office Address Platmin Investments
5 Eddington Crescent
Highveld Technopark
Centurion, South Africa, South Africa


Telephone:	+27 12 665 4360
Facsimile:	+27 12 665 0878
Email:	info[at]platmin.com
Website:	http://www.platmin.com

Additional Address/Key Contact

Postal Address
PO Box 65294
Erasumsrand
0165 South Africa

Telephone: +27 12 665 4360
Facsimile: +27 12 665 0878

Annual General Meeting

August

Year End

28 February

Nominated Brokers

Joint: RBC Capital Markets & Haywood Securities (UK) Limited

Nominated Advisors

Grant Thornton

Major Shareholders

CDC (Actis)	30%
Lonmin PLC	22.5%
Mineral Securities	16%
African Lion	10%

Most Recent Statement

16/10/07 - INTERIM MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
16/10/07 - New Indicated Mineral Resource Declared over M’Phatlele Project
31/08/07 - 31 August 2007 Independent technical report (43-101) filed for platmin’s Positive pilanesberg feasibility study
30/08/07 - 30 August 2007 Platmin Expands Land Position in the Bushveld Complex
30/07/07 - Platmin’s BEE partner Moepi Platinum increases stake in Boynton
31/05/07 - Final Accounts and AGM notice

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