Sylvania (AIM: SLP) is pleased to announce the results for the quarter ended 30 June 2021 ('Q4' or the 'quarter').

Unless otherwise stated, the consolidated financial information contained in this report is presented in United States Dollars ('USD').

Achievements

Sylvania Dump Operations ('SDO') delivered 16,289 4E PGM ounces in Q4 (Q3: 17,420 ounces) achieving an annual production of 70,043 4E PGM ounces (FY2020 69,026 ounces); SDO recorded $48.4 million net revenue for the quarter (Q3: $74.2 million); Group EBITDA of $28.7 million (Q3: $58.7 million), noting the boost the spike in the Rhodium price had on Q3 revenue and earnings which has pulled back in Q4; Net profit of $14.7 million (Q3: $41.3 million) and Cash balance of $101.1 million (Q3: $102.1 million) after payment of the second provisional income tax and royalty tax charges ($35.3 million) as well as the Windfall dividend ($14.3 million).

Contact:

Jaco Prinsloo

Tel: +27 11 673 1171

About Sylvania Platinum Limited

Sylvania Platinum is a lower-cost producer of platinum group metals (PGM) (platinum, palladium and rhodium) with operations located in South Africa. The Sylvania Dump Operations (SDO) comprises six chrome beneficiation and PGM processing plants focusing on the retreatment of PGM-rich chrome tailings materials from mines in the Bushveld Igneous Complex. The SDO is the largest PGM producer from chrome tailings re-treatment in the industry. The Group also holds mining rights for PGM projects and a chrome prospect in the Northern Limb of the Bushveld Complex.

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