Microsoft PowerPoint Presentation

2/22/2002


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Table of Contents

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Why Invest

Fourth Quarter Update

2001 Performance Update

Revised Operating Plan

Location

Resource Cross Section

Operations

Stillwater Mine 2002 Operating Plan

East Boulder Mine Surface Facilities

East Boulder Mine Concentrator

East Boulder Mine Underground Design

East Boulder Mine

East Boulder Mine 2002 Operating Plan

Total PGM Production

Consolidated Cash Costs per Ounce

Financial Review

Revenues

Net Income

Capital Spending

Financial Capacity

Sales Contract Overview

Sales Contracts

PGM Market

Palladium – Present and Future

Palladium Mine Supply & Demand

Platinum -- Present and Future

Platinum Supply & Demand

Stillwater Mining Company Investment Highlights

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Consolidated Cash Costs per Ton

Stillwater Mine Cash Costs per Ounce

Stillwater Mine Cash Costs per Ton

East Boulder Mine Cash Costs per Ounce

East Boulder Mine Cash Costs per Ton

Author: John W. Pearson