Sylvania Resources Limited ACN 091 415 968 98 Colin Street, West Perth WA 6005 Australia PO BOX 368 West Perth WA 6872 Australia

Telephone: +618 9481 8711 Fax: +618 9324 2977 info@sylvaniaresources.com www.sylvaniaresources.com

6 March 2007

SYLVANIA PLANT CONSTRUCTION SCHEDULE The Directors of Sylvania Resources Limited (“Sylvania”) are pleased to update the schedule of construction of chrome washing plants (“CWP”) and PGE recovery plants (“PRP”) at its South African operations, which accommodates the timing for the receipt of BEE funding from Ehlobo as announced on 13 February 2007. CHROME WASHING PLANTS (CWP’s) Millsell CWP • Operational since mid 2006 • Currently being enhanced with the addition of a ball mill and thickener to the

recovery circuit to allow the plant to be operated beyond original design capacity resulting in a decrease in unit costs

Steelport CWP • Currently under construction and scheduled for completion during late March 2007 PGE RECOVERY PLANTS (PRP’s) The Company has signed fixed price contracts for the construction of PRP’s at Millsell and Steelport, as per the Company’s Announcement on 16 February 2007. Millsell PRP • Currently under construction with Mechanical Completion date as per the contract set

for 17 April 2007 • A 6 week commissioning phase planned with the plant scheduled to be operational

by the end of May 2007 Steelport PRP • Currently under construction with Mechanical Completion set for 30 April 2007 • A 6 week commissioning phase is planned with the plant scheduled to be operational

by mid June 2007 This will see Sylvania with two CWP’s and two PRP’s in production by the end of June 2007. The Company will develop a further three CWP’s and two PRP’s over the next 18 months. Under the present planning the Company will have five CWP’s and four PRP’s operational by June 2008.

Sylvania Resources Limited ACN 091 415 968 98 Colin Street West Perth WA 6005 Australia PO BOX 368 West Perth WA 6872 Australia

Telephone: 08 9481 8711 Fax: 08 9324 2977 info@sylvaniaresources.com www.sylvaniaresources.com

The Company has rescheduled the commissioning of the Mooinooi CWP to July 2007. In addition the Company has rescheduled the commissioning of the Mooinooi/ Buffelsfontein/ Elandsrift PRP to October 2007. The construction of these plants will coincide with the receipt of the BEE funding from Ehlobo details of which were announced on 13 February 2007. The Lannex CWP is scheduled to be commissioned in April 2008 and the Tweefontein PRP is scheduled to be commissioned in May 2008. The Company plans to diversify its activities into primary mining activities through the development of the Everest North PGE project on which the Bankable Feasibility Study is scheduled to be completed by August 2007. Please find attached a corporate presentation on Sylvania dated March 2007. For further information please contact: In South Africa Terence McConnachie CEO Sylvania Resources Limited (+27 11) 803 7214 In Australia Grant Button Executive Director Sylvania Resources Limited (+618) 9481 8711 In United Kingdom Richard Brown Ambrian Partners Limited (+44) 20 7776 6417 Laurence Read/Leesa Peters Conduit PR (+44) 20 7429 6605/(+44) 20 7429 6600

-Turning vision into reality-

SYLVANIA RESOURCES LIMITED

Overview of Progress March 2007

• The purpose of this presentation is to provide general information about Sylvania Resources Limited ("Company").• This presentation does not constitute or form any part of any offer or invitation to sell or issue or purchase or subscribe for any securities in the Company

nor shall it or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any acquisition of any securities in the Company. Any decision regarding any proposed subscription for securities in the Company must be made solely on the basis of public information on the Company.

• Certain statements and graphs throughout the presentation are “forward-looking statements” and represent the Company’s intentions, projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the Company’s future economic performance. These forward looking statements speak only at the date of this presentation. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties which may cause the Company’s actual performance and financial results in future periods to differ materially from any express or implied estimates or projections.

• No representation or warranty, express or implied, is made by the Company that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its officers, employees and advisers expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this presentation, or any opinions or beliefs contained in this document, and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission therefrom. The Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information.

• All persons should seek appropriate professional advice in reviewing or considering the presentation and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. The presentation does not purport to contain all of the information that may be required to evaluate all of the factors that would be relevant in determining whether to deal in the Company's securities, including but not limited to any person's objectives, financial situation or needs. Each person should make, and will be taken to have made, its own investigation, assessment and analysis of the information in this presentation and other matters that may be relevant to it considering whether to deal in the Company's securities.

• This presentation is not for distribution in, nor does it constitute an offer of securities for sale in, Canada, Japan, or in any jurisdiction where such distribution or offer is unlawful. Neither the presentation or a copy of the presentation can be taken or transmitted into the United States of America, its territories or possessions, or distributed, directly or indirectly, in the United States of America, it territories or possessions or to any US person as defined in Regulation S under the US Securities Act 1933, as amended (the “Securities Act”). Any failure to comply with this restriction may constitute a violation of United States securities laws. The presentation and the accompanying verbal presentation are not an offer of securities for sale in the United States. The Company’s shares have not and will not be registered under the Securities Act and may not be offered or sold in the United States or to or for the account or benefit of US persons (as such terms are defined in Regulation S under the Securities Act) except pursuant to an exemption from such registration. The distribution of the presentation in other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about and observe any such restrictions.

Important Notice

• ASX Listed since February 2001• AIM listed since July 2006• Shares in Issue – 152,929,273 • Last 3 months average share price = A$0.88• Market cap @ A$0.88 - A$140 million (£56 million)• Current Business, 25% share of CRTP, a South African based re-

treatment of chrome dumps to recover PGE’s• Recovery of PGE’s from associated tailings • CRTP was developed, built and run by Aquarius Platinum• Operation has been continually running for 2 years

Company Overview

• Aggressive expansion into re-treatment market through the development of 5 Chrome plants across the Bushveld through an agreement with Samancor

• Construction of a further 4 PGE recovery circuits to run in parallel/standalone with chrome plants

• Two, Milsell and Steelport, Chrome plants and PGE circuits already underway with completion and ramp up due in May 07 and June 07 respectively

• Tightly managed cash position, keep the company cash positive, during capital expenditure program

• Diversification into primary mining through the development of Everest North PGE deposit, BFS complete mid 2007

• Review further acquisitions of both dumps and deposits to utilise in house experience to its fullest capacity

Vision of Business

• AUD$30m raised in July 2006 with secondary AIM listing, enabling the company to – advance its construction program– sign binding EPCM agreements– place the company in an excellent position to complete its

growth plans• Currently completing 2 Cr washing plants and 2 PGE recovery

plants (1H07)• A further 3 Cr plants and 2 PGE plants costed and budgeted

over next 18 months• Milsell, the first PGE plant, due to start production end May

2007 (10 months from inception to production)• Everest North drilling and BFS nearing completion

Current Status

Project Locations

PGE Production Profile - Base Case Model

3.6916,000US$132A$61,583May 08-Tweefontein

---A$24.26,685--TOTAL

------April 08Lannex

1.3534,000US$311A$6.41,227November07July 07Mooinooi

------October 07Elandsdrift

4.32 27,500US$101A$6.83,185June 07April 07Steelport

1.7914,500US$284A$5690May 07March 07Millsell

PGE (oz/m)PGEChromeProject

Grade (gpt)Feed (t/m)

Cash Cost (US$/oz)

Capex(A$m)

(100% of Production)

Assumptions and Qualifications• The base case PGE production profile is based on the following assumptions and

qualifications:

– Completion of construction of the PRP at Millsell during April 2007 and commissioning in May 2007

– Completion of construction of the PRP at Steelport by end of April 2007 and commissioning in June 2007

– Completion of construction of the PRP at Mooinooi by end of July 2007 and commissioning in November 2007

– Completion of Lannex/Tweefontein by April 2008 and commissioning in May 2008

– Exchange rates R/US$7.14

– Basket Price US$1,300

– 32.5%Recovery rate

– The basket contents and element prices outlined in the slide "Basket Information“

– Average grade of 2.5 g/t PGE

Basket InformationMillsell Steelpoort Mooinooi Tweefontein

Basket Contents

Platinum 59.0% 59.1% 60.0% 60.0%Palladium 24.0% 23.6% 28.5% 28.5%Rhodium 16.5% 17.0% 10.5% 10.5%Gold 0.5% 0.3% 1.0% 1.0%

Element PricesModel 23-Feb-07

Platinum $/oz $1,074 $1,218Palladium $/oz $349 $344Rhodium $/oz $4,155 $5,905Gold $/oz $590 $674

Basket Price at Modeled Prices $1,406 $1,425 $1,186 $1,186Basket Price at Now Prices $1,779 $1,807 $1,456 $1,456

US

US

US

US

US

US

Comparative Results of Mintek Testworkon Current Arisings Fines Fractions

155

58.0

76.3

5.1(model 1.79)

Millsell

180112Concentrate Grade (4E gpt)

40.540.2Recleaner Recovery (%)

80.972.3Rougher Recovery (%)

6.7 (model 4.32)

4.9Headgrade (4E gpt)

SteelpoortCTRPFlotation Testwork Results

• CTRP Actual Performance on Xstrata Current Arisings• 68% PGM Recovery to Concentrate Grade 150 g/t 4E• (Models 32% Recovery)

This graph is produced from the information used in the base case model and is subject to the assumptions and qualifications in respect thereof

PGE Plants - Total production all plants(Steady state) (100% of Production)

A$18.3m(R100.8m)

A$6.5m(R35.9m)

Gross profit

A$21.7m(R119.3m)

A$8.5m(R46.6m)

Turnover

18,1746,685Ounces

Upside Monthly

Base Case Monthly

• Every R1 change to the US$, monthly profitability changes by A$1.1m (R6 million)

• If Iridium, Ruthenium and Nickel income are included, the monthly income changes by AUD1.1m (R6 million)

Assumptions and Qualifications• The upside case PGE production profile is based on the following assumptions and

qualifications:

– Completion of construction of the PRP at Millsell during April 2007 and commissioning in May 2007

– Completion of construction of the PRP at Steelport by end of April 2007 and commissioning in June 2007

– Completion of construction of the PRP at Mooinooi by end of July 2007 and commissioning in November 2007

– Completion of Lannex/Tweefontein by April 2008 and commissioning in May 2008

– Exchange rates R/US$7.14

– Basket Price US$1,300

– 60%Recovery rate

– The basket contents and element prices outlined in the slide "Basket Information“

– Average grade of 4 g/t PGE

• Winch mining commissioned• Classification and Spiral sections operating close to capacity• Produced 7200t of Chrome in January• Deviated from original Capex by including Ball Mill and

Thickener in circuit, commissioning of both in March• Cash Costs at this stage above the budget of R 50/ton• Costs will come down once ball mill and thickener

operational and plant can be operated at full capacity• Costs will also be reduced once PGE plant is operational

(May 2007) as site costs will be shared

Chrome Plants Update - Millsell

• Steelpoort– Under construction– Mining, classification and Cr plant will be completed

towards end of March 2007– Commissioning in April, shorter learning curve than with

lessons from Millsell• Elandsdrift

– Civils and structural fabrication started– Plant will be completed end of August 2007– To be paid for with BEE Funds

• Lannex/Tweefontein– Deferred until 2008 (due to bigger picture possibilities)

Chrome Plants

• Jan 2007, fixed price EPCM contract signed with Matomo Projects (Pty) Ltd for construction

• Project Time Line• Mechanical Completion scheduled for 17 April 2007• Commissioning period of 4 to 6 weeks• Plant operational by end May• Currently ahead of original schedule by one month.• Stiff penalties on contractor for late delivery and

functionality

PGE Plants - Millsell

• Steelpoort– Fixed price contract with Matomo Projects (Pty) Ltd– Mechanical Completion scheduled for 30 April– 4 to 6 weeks Commissioning, operational by mid June, 15

months ahead of schedule• Mooinooi/Elandsdrift

– Scheduled construction to begin in July 2007– Commissioning planned for November 2007– 4 Months ahead of schedule

• Lannex / Tweefontein– Deferred to 2008– Originally planned for July 2008

PGE Plants

• Exploration drilling commenced June 2006• Drilling expected to be completed end of April 2007• EIA in Progress• BFS expected to be completed by August 2007• Final JV % split being negotiated with East Plats

EVEREST NORTH(New Surface & Underground Mining Operation)

BEE

• Concluded a deal with Ehlobo Holdings (Pty) Ltd• They will invest up to AUD7.27m (R40m) in the business• Proven track record with Government and International

Business community

Investment Attractions

• Low cost platinum producer because of low mining costs. No Mining risks of faults, flooding, caving etc

• Forecast operating margin in excess of 70% well in line with CTRP achieved 77% margin.

• Dollar based business with Rand based expenses• Most tailings pumped. No expensive road transport• Modern technology• New dump reclamation process• Contracted off-take agreement

• Agreements– New agreement signed with Samancor– BEE agreement signed– Matomo fixed price contract signed– Off take heads of agreement signed

• Technical– Learning curve on mining and plant operations completed– Skills secured and outsourced partners in place– Low risk, low capex and low opex projects– nearing completion of construction phase

Conclusion

Conclusion

• Future– cash flow from early as July 2007– New Project generation– Platinum fundamentals very strong

• No new Junior Mining Platinum producers forecast to start production within the next 3 years