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The Junior Indaba2nd &3rd June 2016

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DisclaimerOpinions expressed herein are by nature subjective to known and unknown risks and uncertainties.

Changing information or circumstances may cause the actual results, plans and objectives of

Wesizwe Platinum Limited (the “Company”) to differ materially from those expressed or implied in

the forward looking statements.

Financial forecasts and data given herein are estimates based on the reports prepared by experts

who in turn relied on management estimates and therefore the information herein is not warranted.

Undue reliance should not be placed on such opinions, forecasts or data.

No representation is made as to the completeness or correctness of the opinions, forecasts or data

contained herein.

Neither the Company, nor any of its affiliates, advisors or representatives accepts any responsibility

for any loss arising from the use of any opinion expressed or forecast or data herein.

Forward-looking statements apply only as of the date on which they are made and the Company

does not undertake any obligation to publicly update or revise any of its opinions or forward looking

statements whether to reflect new data or future events or circumstances.

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“Minerals are a valuable natural resource and a vital raw material for infrastructure, capital goods and basic industries. As a major resource for development, the extraction and management of minerals has to be integrated into the overall strategy of the country’s economic development”.

(Preamble: National Mineral Policy, 2008; Government of India).

Introduction

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• The current global economic slowdown affects demands of

metals and investment appetite in mining projects.

• Depressed demand and low prices have seen resources

companies losing up to 70% of the NAV.)( Making it difficult to raise capital for

new projects and normal working).

• The developing economies currency cyclicity and weakening is

adding to the downward pressures and scarcity of mining

investment-SFA

Introduction -Situation

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Currency Cycle

• RSA GDP continued to fall driven by mining, draughts and

manufacturing. (WB has lowered the forecast to below 1% downwards for 2015)

• Fluctuation in the short to medium term affects the basket

price in local currency.

• Emerging markets ( BRICS) suffering sharp currency

depreciations largely driven by slow down in China.

• The risk of US and EURO stalling would see the rand staying

weak for longer. (The rand cycle is two phase 1st 2015 weakest and then 2nd 2017).

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Commodity Prices

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PGM ProjectsOnly 50% of PGM’s project reserves commissioned since 2007.

• Today project advancement is fairly diverse geographically: – South Africa>= 48% of project reserves,

– North America>= 23%

– Russia>=30%.

• Overall, global projects require $14.3 billion in capital

expenditure to bring 185 moz of PGM reserves into

production before 2030.

• South African projects account for $6.3 billion, to commission

production from up to 60 moz of reserves.

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PGM Prices

Systematic view of the situation

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MiningIndustry

Global EconomyDynamics

Stakeholderexecpectations

Regulatoryreforms

Job cuts & socioeconmic challenges

Rising InpoutCosts

Organisationalresilience +

+

Low metal pricesWeak currency

LowProductivity

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Utility

What is resilience?

a. the capacity of a system to undergo disturbance or perturbation and maintain its defining structure, functions and controls by absorbing the disturbance and reorganizing [Fletcher, Miller, and Hilbert (2006)]

b. the ability of a substance or object to spring back into shape; elasticity. (Dictionary)

c. the capacity to recover quickly from difficulties; toughness.(Dictionary)

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Resilience Framework

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EnvironmentalScanning

DetectionMechanisms

ActivationMechanism

Response

SCARBV

RiskManaging

AdaptiveCycle

LearningOrganisation

Sustainability

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WESIZWE’S APPROACH

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Real Option Analysis

Definition: the capacity of individuals or entities to learn from what is

happening around them and their willingness and the ability to modify

behavior based upon that learning.

• A real option is a “right” and not an “obligation” to undertake certain

business initiatives like deferring, abandon or expanding projects

• In cases of market uncertainty, commodity prices, R/USD exchange

requires flexibility as to the timing of the project is an “Option”

Event

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Wesizwe BusinessReposition

Review and OptimiseHuman Resource Structure

and Budgets

Review BPM ProjectBusiness case

Investigate operaionsmodel looking to contract

mining etc.

Review the housingmodel & Budgets for

social projects

Real OptionAnalysis

Market & IndustryResearch

ManageStrakeholderexpectations

AccelerateProject Revise Ptoject

Schedule

Review Optionevery 12 months

Review supply chainmethodology focus on global

procurement and pricecompetitiveness

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Project Defferral Options

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A Company Profile

Wesizwe Platinum is a public company incorporated in the Republic of South Africa.

Its shares are listed on the Johannesburg Stock Exchange (JSE).

Its intention is to participate in platinum group metals (PGM) mining in South Africa.

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Bakubung Platinum Mine (BPM)

• Bakubung Platinum Mine is the development of a new underground mine to access one of the last remaining sizeable and viable Merensky and UG2 PGM ore bodies.

• The BPM site is located on the Western Limb of the Bushveld Complex, close to the town of Rustenburg in the North West Province of South Africa.

• The project is being developed through the Group’s wholly owned subsidiary, Bakubung Minerals (Pty) Limited

Wez Story- Business Development

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Company Founded-

2003 (Venture capitalists)

Exploration Permits &

initial evaluations

2004

Equity Funding JSE 2005

Full Exploration

& BFS 2004-2008

Global Market

Search for capital funding 2007/8

Mining Licence &

Permits 2009

Investment Transaction -

2011

Project Development Launch

2011

Business systems &

operational capabilities

Shaft sinking commenced

2012

Surface infrastructure

and power supply 2013

Two shafts reach

bottom 2015

Shaft commissioning

commenced 2015

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Investment Highlights

New mine development

Wesizwe’s Bakubung Platinum Mine will access one of the last remaining sizeable and viable Merensky and UG2 PGM ore bodies.

At steady state production, the mine will produce 420,000koz 4E per year of Platinum Group Metals.

Main commissioning of the mine is scheduled for 2017, with full production in 2021.

Sound financial backingWesizwe Platinum secured a US$650 million funding facility from the China Development Bank (CDB).

The first drawdown from this facility in the amount of US$100 million was made on 6 January 2014.

Based on current project projections, this funding facility will cover all funding requirements until shafts are commissioned.

Premium Resource Base

1. The Bakubung Platinum Mine has a highly favorable 4E Prill split –•Platinum 62.4%•Palladium 28%•Rhodium 7.4%•Gold 2.2%(combined reefs, LOM)

2.Premium Merensky Reef resource 7 moz 4E average grade 6.25 g/t (4E) and 6.03 moz (4E) UG2 Resource at 4.52 g/t3.Reef horizon at around 800m-900m.

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Bakubung Platinum Mine - Revised Production Graph

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Bakubung Platinum Mine – Key Development Phases

2013 Headgears 2013 Winding Plant Sinking 2013

2014 Shaft Sinking 2015 77L Flat development 2016 Flat development

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BPM – Key Milestones Ahead

2016 > Continue with Main shaft commissioningand flat development through services shaft

2016 > Implement Operational Readiness program and reviewed continuously

2016 > Commission Permanent power and water supply to the mine and housing

2017 > Complete Phase Shaft commissioning, commence full production on RED development

2017 > First reef intersection

2017 > Commence Phase 1 housing program

2018 > Continue Production build-up

2019 > Commission Process Plant

2020 > Steady state of 230 Ktpm

2021 > Full Production 2550 Ktpm

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Bakubung Platinum Mine – Power and Water Supply

Water Supply:

• Wesizwe successfully signed off a long-term Bulk Water Supply Agreement with Magalies Water in June 2013

• Wesizwe and Magalies Water are managing three phase water pipeline projects which are currently being implemented

• The Phase 1c pipeline 8.4km constructed jointly with Masseve and a 50Ml reservoir construction also co developed to commission in 2016

• The pipeline projects will supply the mine and two neighboring communities

Power Supply:

• ESKOM has commissioned 20Mva power supply to the mine in 2013

• Phase 2 power program from Medupi via the new Ngwedi substation to increase capacity to 60 Mva planned for Q3 2016

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Resources and Reserves for BPMThe in situ 4E (Pt, Pd, Rh, Au) metal content of the Merensky Reef (MR) is 7.010Moz from 36.033Mt averaging

6.05g/t. Similarly, the UG2 contains 6.250Moz of 4E from 42.972Mt at an average grade of 4.52g/t. This brings the total 4E resource, including Inferred Resource, of BPM to 70.005Mt grading at 5.22g/t and yielding

13.260Moz.

Wesizwe Platinum Limited

Physical Address: Wesizwe House, Devcon Park, 9 Autumn Road, Rivonia Ext 3, 2128, South AfricaTel: +27 11 994 4600Fax: +27 11 994 4601

Website: www.wesizwe.com