Gold Fields Australia Mine Site Briefing 1 st October 2012 Tim Gilbert – Vice President Operations Ted Lambourne – GM St Ives Gold Mine
Forward looking statements Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. In particular, the forward looking statements in this document include among others those relating to the Damang Exploration Target Statement; the Far Southeast Exploration Target Statement; commodity prices; demand for gold and other metals and minerals; interest rate expectations; exploration and production costs; levels of expected production; Gold Fields’ growth pipeline; levels and expected benefits of current and planned capital expenditures; future reserve, resource and other mineralisation levels; and the extent of cost efficiencies and savings to be achieved. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include among others: economic, business and political conditions in South Africa, Ghana, Australia, Peru and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions, exploration and development activities; decreases in the market price of gold and/or copper; hazards associated with underground and surface gold mining; labour disruptions; availability terms and deployment of capital or credit; changes in government regulations, particularly taxation and environmental regulations; and new legislation affecting mining and mineral rights; changes in exchange rates; currency devaluations; the availability and cost of raw and finished materials; the cost of energy and water; inflation and other macro-economic factors, industrial action, temporary stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS and other occupational health risks experienced by Gold Fields’ employees. These forward looking statements speak only as of the date of this document. Gold Fields undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. 2
Gold Fields at a Glance FINLAND Arctic Platinum Project MALI Vancouver Yanfolila Beijing Denver PHILIPPINES PERU GHANA Far South East Cerro Corona Tarkwa AUSTRALIA Chucapaca Damang Agnew St Ives Lima SOUTH AFRICA KDC Johannesburg Perth South Deep Santiago Beatrix Offices Mines Exploration Projects GFI 100% | GFI 40%, option to increase to 60% | JV GFI Operated | GFI Operated South America West Africa South Africa Australasia Total Resources 1 234.4Moz 3 7.7Moz 25.2Moz 160.2Moz 9.2Moz Reserves 1 6.1Moz 13.7Moz 61.1Moz 4.1Moz 85.1Moz Production 2 383koz 935koz 1.7Moz 659koz 3.7Moz Number of mines 1 2 3 2 8 1. Managed gold equivalent Mineral Resources and Reserves as at 31 December 2011 2. Managed gold equivalent production for 2011 3. The total managed gold equivalent Mineral Resources as at 31 December 2011 includes the managed gold equivalent ounces of the growth projects 3
Gold Fields in Western Australia Agnew Processing plant St Ives - Lefroy Processing plant 4
Gold Fields - Celebrating 10 Years in Australia December 2001 , Gold Fields bought St Ives and Agnew for A$472M from Western Mining Corporation; St Ives has since mined … � 63Mt of ore � 92M bcm of waste � And sold over 5MOzs of gold Agnew , the higher grade little brother … � 11Mt of ore � 19M bcm of waste � And sold nearly 2MOzs of gold � We have established a reputation and commitment as a major and sustainable gold mining company in Australia. 5
Our Identity This is who we are Vision To be the global leader in sustainable gold mining Safety If we cannot mine safely, we will not mine We act responsibly and care for the environment, each other, and all of Responsibility our stakeholders - our employees, our communities and our shareholders Honesty We act with fairness, integrity, honesty and transparency Values Respect We treat each other with trust, respect and dignity Innovation We encourage innovation and entrepreneurship Delivery We do what we say we will do 6
Gold Fields – a significant miner in WA C2011 St Ives Agnew Production (kOz) 465 194 Cash cost $873 $672 NCE $1248 $1062 Reserves (Moz) 2.8 1.3 Resources (Moz) 5.3 3.8 7
Gold Fields – continuing to be a significant miner in WA Key Drivers - Sustainability, operational efficiencies and mine life � Our focus is on sustainability, cost, shareholder return and extending the mine life � A major cost improvement initiative has been the move to owner-miner at both sites � Agnew 2010 (underground) � St Ives 2011 (underground) � St Ives 2012 – 2013 (open pit) � Retain specialist contractors for underground development � Owner-mining for improved value � removal of contractor’s margin � Minimise duplication of service contracts � Better control by site personnel � Optimising resources of both the open pit and underground operations 8
Australasia Region St Ives at steady state, Agnew back on track • St Ives steady state production 450koz p.a. • Agnew to recover to ~160 Koz p.a. • Q2 2012 NCE margin 3% • Chunky capital on life extensions and owner mining conversion • Transition to owner mining at St Ives completed by Q1 2013 Australasia Region Production (koz) 200 180 160 140 120 100 80 60 40 20 0 3Q2011 4Q2011 1Q2012 2Q2012 3Q2012 St. Ives Agnew Page 9
St Ives Gold Mine – Owner Mining Transition Equipment � Komatsu – Load and Haul � Atlas Copco – Drill and blast Construction � New Workshop � Warehouse Upgrade Recruitment � Approx 190 persons Technical developments � Safety Procedures � Training materials Systems � Inventory Control � Fleet and Maintenance Management 10
St Ives Gold Mine – Owner Mining Transition Owner Mining Project - Status Mining Operations � Emphasis on safety � Mining commenced on 24 th June, 24hr operation commenced 1 st August � Hire equipment assembled and commissioned for transition (4x777F, PC2000, water cart, service truck) � Komatsu equipment is arriving on site (2 x graders, 2 x dozers, 2 x HD785 trucks) 11
H1 2012 Project Generation St Ives Potential Drilling by Milestone Project Generation Delivery YTD Invincible Area � 49 Targets Drilled with 83,090m � 15 Targets Turned Over Black � 9 Advanced Idough � 6 Inactive � 15 Projects Assays Pending Hippodrome Poseidon � 10 Due for Project Review/Evaluation � 9 Being Drilled � One quality discovery at Invincible Jargo West 12
St Ives Opportunity Invincible � Geochem & Spectral anomaly Cave Rocks � 100% on Lake Lefroy � 8km direct line from the Mill � >1km strike of Speedway Shear � Open to NW & Down Dip � 18 DD Holes Drilled to Date Invincible � Results for 12 Holes Received N Neptune � Only 1 Sub-grade � Significant Results Received Including � 17m @ 10.9g/t from 127m Leviathan Lev � 12.1m @ 12.9g/t from 64m � 29.8m @ 4.85g/t from 197m Incredible Argo Arg o 13
St Ives – Invincible Cave Cave Rocks Rocks Invincible vincible Neptune Nep Ne Existing ug mines Existing op mines Leviathan Leviathan Argo Exciting New Discovery in Major High Grade Corridor Page 14
St Ives – Cave Rocks Extension Coloured blocks indicate three-year mining plan Depth 500m 5m @2.8g/t 9m @5.2g/t 9m 5m @2.4g/t 2 4g/ 3m @37.4g/t 3m @3 South Potential for Two Years Plus Life Extension Page 15
Agnew Agnew Processing plant St Ives - Lefroy Processing plant 16
Agnew Page 17
Waroonga: Planned Exploration 2012 Completed Stopes Reserve Stopes Yeoman Target Hastings Shoot Link Target Fitzroy & Bengal Shoots 18
Agnew – An exciting proposition Waroonga Overview Long Section North 450 South Kim North Main Main Kim Fault North South Kim South Fitzroy Link Kim South Extensional 19
Agnew Waroonga Long Section – Kim/Fitzroy Intersections and G*M Isolines 6.8m @ 9.4g/t Fitzroy 13.6m @ 8g/t 12m @ 27g/t Kim 5.1m @ 12.2g/t 5.8m @ 10.8g/t 21.5m @ 9.5g/t 4.4m @ 5.7g/t 10.7m @ 9.9g/t 8.4m @ 12.3g/t 5.6m @ 22.5g/t 9.5m @ 4g/t 15.9m @ 5g/t 3.4m @ 22.7g/t 5m @ 13.6g/t 20
Agnew Opportunity � Continuation of Kim at depth � Grade typically has a positive reconciliation � Full extent of FBH becoming clearer as drilling progresses � The “Link Area” has significant upside � Size the operation to maximise cash flow and profit 21
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