Stillwater Mining CompanyRevised Operating Plan

• Stillwater Mine

  • 2001 produce 500,000 oz. vs. 430,000 oz. in 2000
  • Mine at 2,500 tons of ore per day
  • Annual PGM production 525,000 - 575,000 oz.

• East Boulder Mine

  • 1Q 2002 - commercial production
  • Beginning of 3Q 2002 - 1,000 tons of ore per day mining rate
  • Annual PGM production 140,000 - 170,000 oz.
  • Ability to increase production with higher PGM prices

• Columbus Processing Facilities

  • Expanded to accommodate increased production levels

• Ultimate goal 1 million ounces of PGM production in right PGM price environment

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