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Platinum

Anglo Platinum - Operations (by Reef)

The Ore Reserve and Mineral Resource estimates were compiled in accordance with the Australasian Code for Reporting of Mineral Resources and Ore Reserves (The JORC Code, 2004) as a minimum standard. Where relevant, the estimates were also prepared in compliance with regional codes and requirements (e.g. The South African Code for Reporting of Mineral Resources and Mineral Reserves, The SAMREC Code, 2007). The Mineral Resources are additional to the Ore Reserves. Merensky and UG2 Reef Mineral Resources are reported over an economic and mineable cut appropriate to the specific reef. The mineable cuts collectively form the basis of the consolidated reef figures. Details of the individual operations appear in the Anglo Platinum Annual Report.

The figures reported represent 100% of the Mineral Resources and Ore Reserves attributable to Anglo Platinum Limited unless otherwise noted. Anglo American plc's interest in Anglo Platinum is 79.64%. Rounding of figures may cause computational discrepancies.

Anglo Platinum
Ore Reserves		   Tonnes(1)
million		 Grade(2)
g/t		 Contained metal
tonnes		 Contained metal
million troy ounces
Classification 2008 2007 2008 2007 2008 2007 2008 2007
Merensky Reef(3)(4)(5)   4E PGE 4E PGE   Moz Moz
Proved 88.6 88.7 5.28 5.22 467.4 462.6 15.0 14.9
  Probable 129.4 117.2 5.21 5.11 674.1 598.5 21.7 19.2
  Total 217.9 205.8 5.24 5.16 1,141.5 1,061.1 36.7 34.1
UG2 Reef(3)(6)(7)(8)       4E PGE 4E PGE     Moz Moz
  Proved 469.9 415.7 4.19 4.37 1,970.8 1,816.0 63.4 58.4
  Probable 382.6 413.5 4.43 4.32 1,695.8 1,787.1 54.5 57.5
  Total 852.5 829.2 4.30 4.35 3,666.6 3,603.1 117.9 115.8
Platreef(9)       4E PGE 4E PGE     Moz Moz
  Proved 274.5 284.6 3.21 3.24 880.7 923.2 28.3 29.7
Proved primary ore stockpile(10) 20.6 19.8 2.58 2.54 53.1 50.1 1.7 1.6
  Probable 112.8 114.0 3.56 3.51 401.8 400.1 12.9 12.9
  Total 407.9 418.3 3.27 3.28 1,335.6 1,373.4 42.9 44.2
All Reefs       4E PGE 4E PGE     Moz Moz
  Proved 853.6 808.6 3.95 4.02 3,372.1 3,251.9 108.4 104.6
  Probable 624.7 644.6 4.44 4.32 2,771.7 2,785.7 89.1 89.6
  Total 1,478.3 1,453.3 4.16 4.15 6,143.7 6,037.6 197.5 194.1
 
Total (alternative units)(11) 1,629.6Mton 1,601.9Mton 0.121oz/ton 0.121oz/ton        
Tailings(12)       4E PGE 4E PGE     Moz Moz
  Proved – – – – – – – –
  Probable 33.4 38.6 0.88 0.92 29.5 35.5 0.9 1.1
  Total 33.4 38.6 0.88 0.92 29.5 35.5 0.9 1.1
Total (alternative units)(11) 36.8Mton 42.6Mton 0.026oz/ton 0.027oz/ton        
(1)
Tonnage: quoted as dry metric tonnes.
(2)
Grade: 4E PGE is the sum of platinum, palladium, rhodium and gold grades in grammes per tonne (g/t).
(3)
Merensky Reef and UG2 Reef: In 2008 Anglo Platinum sold its 22.4% share in Northam to Mvelapanda Resources. The associated Merensky Reef and UG2 Reef Ore Reserves have been excluded from the 2008 Ore Reserve figures (16.1Mt equivalent to 2.5Moz).
(4)
Merensky Reef: The reserve pay-limit varies across all operations between 2.3g/t and 5.7g/t. The variability is a function of various factors including the depth of the orebody, geological complexity and infrastructure.
(5)
Merensky Reef: Increase in Ore Reserves is mainly attributable to changes at Amandelbult due to a re-evaluation of the structural and geological model. The re-evaluation shows a reduction in the geological losses and a commensurate increase in the Normal Merensky Reef facies. These increased Mineral Resources have been converted into Ore Reserves.
(6)
UG2 Reef: The reserve pay-limit varies across all operations between 1.6g/t and 4.7g/t. The variability is a function of various factors including the depth of the orebody, geological complexity and infrastructure.
(7)
UG2 Reef: Increase in Ore Reserve tonnage is mainly attributable to Amandelbult and Rustenburg. At Amandelbult re-evaluation of the geological losses was undertaken and at Rustenburg a change in the modifying factors resulted in increased Ore Reserves.
(8)
UG2 Reef: Application for conversion to New Order Mining Rights for Modikwa Platinum Mine is in the process of being finalised and it is expected that the application will be lodged early March 2009. Modikwa Platinum Mine has until 30 April 2009 to lodge this application.
(9)
Platreef: The reserve cut-off is 1.7g/t for fresh ore and 3.0g/t for weathered/oxidised ore.
(10)
Platreef stockpiles: These are reported separately as Proved Ore Reserves and aggregated into the summation tabulations.
(11)
Alternative units: tonnage in million short tons (Mton) and grade in troy ounces per short ton (oz/ton).
(12)
Tailings: These are reported separately as Ore Reserves but are not aggregated in the total Ore Reserve figures. Operating tailings dams for current mining operations cannot be geologically assessed and therefore are not reported as part of the Ore Reserves. At Rustenburg Section historical dams have been evaluated and the tailings are included in the Ore Reserves statement.
Anglo Platinum
Mineral Resources		     Tonnes(1)
million		   Grade(2)
g/t		 Contained metal
tonnes		 Contained metal
million troy ounces
Classification 2008 2007 2008 2007 2008 2007 2008 2007
Merensky Reef(3)(4)(5)       4E PGE 4E PGE     Moz Moz
  Measured 131.9 107.8 5.39 5.33 710.9 574.4 22.9 18.5
  Indicated 232.0 276.5 5.15 5.29 1,194.4 1,462.7 38.4 47.0
Measured and Indicated 363.9 384.3 5.24 5.30 1,905.3 2,037.1 61.3 65.5
  Inferred 749.4 876.5 5.37 5.29 4,026.6 4,633.0 129.5 149.0
  Total 1,113.3 1,260.8 5.33 5.29 5,931.9 6,670.1 190.7 214.4
UG2 Reef(3)(4)(6)       4E PGE 4E PGE     Moz Moz
  Measured 323.6 337.2 5.78 5.69 1,868.9 1,919.0 60.1 61.7
  Indicated 482.5 499.7 5.63 5.38 2,715.2 2,686.9 87.3 86.4
Measured and Indicated 806.1 836.9 5.69 5.50 4,584.1 4,605.9 147.4 148.1
  Inferred 901.3 1,223.2 5.65 5.22 5,089.0 6,379.8 163.6 205.1
  Total 1,707.3 2,060.0 5.67 5.33 9,673.1 10,985.7 311.0 353.2
Platreef(7)       4E PGE 4E PGE     Moz Moz
  Measured 152.4 176.8 1.85 1.93 282.4 340.8 9.1 11.0
  Indicated 898.8 790.6 2.18 2.21 1,956.8 1,749.4 62.9 56.2
Measured and Indicated 1,051.2 967.4 2.13 2.16 2,239.3 2,090.2 72.0 67.2
  Inferred 1,331.3 1,408.0 1.89 1.88 2,519.3 2,647.7 81.0 85.1
  Total 2,382.4 2,375.4 2.00 1.99 4,758.6 4,737.9 153.0 152.3
All Reefs       4E PGE 4E PGE     Moz Moz
  Measured 607.8 621.8 4.71 4.56 2,862.3 2,834.2 92.0 91.1
  Indicated 1,613.3 1,566.8 3.64 3.77 5,866.4 5,899.0 188.6 189.7
Measured and Indicated 2,221.1 2,188.6 3.93 3.99 8,728.7 8,733.2 280.6 280.8
  Inferred 2,982.0 3,507.6 3.90 3.89 11,634.9 13,660.5 374.1 439.2
  Total 5,203.1 5,696.2 3.91 3.93 20,363.5 22,393.7 654.7 720.0
Total (alternative units)(8) 5,735.4Mton 6,278.9Mton 0.114oz/ton 0.115oz/ton        
Tailings(9)       4E PGE 4E PGE     Moz Moz
  Measured – – – – – – – –
  Indicated 151.4 151.4 1.05 1.05 159.7 159.7 5.1 5.1
Measured and Indicated 151.4 151.4 1.05 1.05 159.7 159.7 5.1 5.1
  Inferred – – – – – – – –
  Total 151.4 151.4 1.05 1.05 159.7 159.7 5.1 5.1
Total (alternative units)(8) 166.9Mton 166.9Mton 0.031oz/ton 0.031oz/ton        
(1)
Tonnage: quoted as dry metric tonnes.
(2)
Grade: 4E PGE is the sum of platinum, palladium, rhodium and gold grades in grammes per tonne (g/t).
(3)
Merensky Reef and UG2 Reef: In 2008 Anglo Platinum sold its 22.4% share in Northam to Mvelapanda Resources and expects to complete the sale of its 50% share in Booysendal in 2009. Consequently the Mineral Resources associated with Booysendal (Merensky Reef: 113Mt and 16.3Moz, UG2 Reef: 314Mt and 38.5Moz) and a component of Der Brochen (Merensky Reef: 24Mt and 3.7Moz, UG2 Reef: 31Mt and 4.9Moz) are excluded from the 2008 Mineral Resource figures.
(4)
Merensky Reef and UG2 Reef: Application for conversion to New Order Mining Rights for Modikwa Platinum Mine is in the process of being finalised and it is expected that the application will be lodged early March 2009. Modikwa Platinum Mine has until 30 April 2009 to lodge this application.
(5)
Merensky Reef: Depending on the reef characteristics a 2.3g/t to 3.8g/t cut-off has been used to identify Mineral Resources.
(6)
UG2 Reef: Depending on the reef characteristics a 2.3g/t to 3.7g/t cut-off has been used to identify Mineral Resources.
(7)
Platreef: A 1.0g/t cut-off has been used to identify Mineral Resources.
(8)
Alternative units: tonnage in million short tons (Mton) and grade in troy ounces per short ton (oz/ton).
(9)
Tailings: These are reported separately as Mineral Resources but are not aggregated in the total Mineral Resource figures. Operating tailings dams for current mining operations cannot be geologically assessed and therefore are not reported as part of the Mineral Resources. At Rustenburg Section historical dams have been evaluated and the tailings are included in the Mineral Resource statement.

The following operations and projects were reviewed during 2008 by independent consultants: Der Brochen, Magazynskraal, Mototolo, Pandora and Mogalakwena Mine (previously PPRust) – Zwartfontein North.

The following Operations and Projects contributed to the combined 2008 Ore Reserve and Mineral Resource estimates stated per reef (excluding Other Projects): (MR = Merensky Reef, UG2 = UG2 Reef, PR = Platreef)

Amandelbult Mine – MR/UG2
BRPM – MR/UG2
Der Brochen Project – MR/UG2
Ga-Phasha PGM Project – MR/UG2
Kroondal PSA 1 – UG2
Lebowa Platinum Mines – MR/UG2
Magazynskraal 3 JQ – MR/UG2
Marikana PSA 2 – UG2
Modikwa Platinum Mine – MR/UG2
Mogalakwena Mine (previously PPRust – Potgietersrust Platinums Ltd.) – PR
Mototolo – UG2
Other Exploration Projects (portions of Driekop) – UG2
Pandora – UG2
Rustenburg Mine – MR/UG2
Twickenham Platinum Mine Project – MR/UG2
Union Mine – MR/UG2
WBJV – MR/UG2

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