Gold Fields Australia Site Visit: Granny Smith Gold Mine STUART MATHEWS STUART MATHEWS General Manager 16 th July 2014
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 p g g g g p g 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 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. 2014 Analyst Visit - Granny Smith Gold Mine | Stuart Mathews| July 2014 2
Granny Smith Gold Mine Introduction: Location Introduction: Location ● Map of site/tenement position ● Show pits, plants, shafts etc • 100% Gold Fields owned ● Size of tenements etc • Located in the Eastern Goldfields Province of the Archaean Aged Yilgarn Craton • 950 km NE by sealed road from Perth • 400 km NNE by sealed road from Kalgoorlie 2014 Analyst Visit - Granny Smith Gold Mine | Stuart Mathews| July 2014 3
Granny Smith Gold Mine Introduction: Site Orientation Introduction: Site Orientation • Granny Smith mill and village located 23 km S of Laverton • Wallaby underground mine located 15 km WSW of Granny Smith mill. • 455.2 square km granted tenements. • 111.1 square km tenement applications. • • 186 9 square km miscellaneous licences 186.9 square km miscellaneous licences. • Tenements focused on the Laverton Tectonic zone, 30 km north and south of the Granny Smith mill including the NE of Lake Carey 2014 Analyst Visit - Granny Smith Gold Mine | Stuart Mathews| July 2014 4
Granny Smith Gold Mine Introduction: History Introduction: History • 1979: Granny Smith and Goanna deposits discovered 1989-2013 Production: • 1989: Granny Smith JV (60% Placer Pacific Ltd, 40% Total Granny Smith Project Produced Oz Produced Oz - 6.7 Moz 6 7 Moz Delta Gold NL) commenced open pit mining OP Produced Oz – 5.5 Moz mining at Granny Smith (Granny Smith, Sunrise, Wallaby, Keringal, and Minor • 1990: 1990: First gold poured in 1990 First gold poured in 1990 Pits) Pits) • 1994: Open pit production from Keringal Jubilee and UG Produced Oz – 1.2 Moz Sunrise open pits (Wallaby) • 1998: Wallaby deposit discovered • 2001: Open pit mining commenced at Wallaby • 2005: 2005: Wallaby underground mining commenced Wallaby underground mining commenced • 2006: Barrick Gold purchased 100% of PDG • Oct 2013: Gold Fields purchases Granny Smith as p y part of Yilgarn South acquisition 2014 Analyst Visit - Granny Smith Gold Mine | Stuart Mathews| July 2014 5
Granny Smith Gold Mine Introduction: Historical Production Introduction: Historical Production Granny Smith Mined Ounces Source History 600 8 ED OUNCES MINE 7 500 CES (Koz) 6 400 5 TIVE TOTAL O MINED OUNC (Moz) 300 4 3 200 ANNUAL M 2 2 CUMULAT 100 1 - - 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Open Pit Oz Mined Underground Oz Mined Cumulative Oz Mined 2013 LOM = 6 years (1.2 Moz at US$1,350) 2014 Analyst Visit - Granny Smith Gold Mine | Stuart Mathews| July 2014 6
Granny Smith Gold Mine Key Management Team Key Management Team 2014 Analyst Visit - Granny Smith Gold Mine | Stuart Mathews| July 2014 7
̵ ̵ ̵ Granny Smith Gold Mine Key Management Team Key Management Team ● General Manager – Stuart Mathews Strong mining and project background in numerous commodities MSc in Geology MSc in Geology 22 years experience both locally and internationally ● Manager Mineral Resources – Gary Sparks Manager Mineral Resources Gary Sparks ̵ Strong exploration and production background in both underground and open pit mining ̵ BSc Geology, MSc Exploration and Mining Geology ̵ 29 years experience in the Eastern Goldfields region, Eastern Australia and PNG ● Processing Manager – Wayne Gaiter ̵ Operations management and processing background ̵ 25 years experience in the industry 25 years experience in the industry ● Mining Manager – Andrew Cooper g g p ̵ Experienced in underground mining, predominantly large scale operations ̵ Honours in Mining Engineering ̵ 15 years experience with almost 5 years at Granny Smith 2014 Analyst Visit - Granny Smith Gold Mine | Stuart Mathews| July 2014 8
What did we buy? 2014 Analyst Visit - Granny Smith Gold Mine | Stuart Mathews| July 2014
Granny Smith Gold Mine What Did We Buy? What Did We Buy? POSITIVES CHALLENGES ● Granny Smith world class gold mining ● Processing plant, ageing infrastructure and operation equipment integrity ● A dynamic and results driven management ● Mill Capacity not utilised team ● ● Exploration spend required to realise Exploration spend required to realise ● Great ore body with outstanding exploration exploration potential potential ● A mature and well-functioning mine site with highly experienced mining personnel A Great Acquisition With Significant Upside 2014 Analyst Visit - Granny Smith Gold Mine | Stuart Mathews| July 2014 10
Granny Smith Gold Mine Resources & Reserves and Main Ore Bodies Resources & Reserves and Main Ore Bodies Wallaby Ore Body Wallaby Ore Body Mineral Resources • Open Pit – 27.6 Mt @ 1.33 g/t for 1.18 Moz Z Zone 250 250 • Underground – 8.5 Mt @ 7.54 g/t for 2.06 Moz Zone 60 Mineral Reserves Mineral Reserves Zone 70 • Underground – 4.1 Mt @ 6.34 g/t for 838 Koz • +15% on 2012 ounces post depletion (+109 Koz) Zone 80 Current Mining Areas Zone 90 • Z70 – Limited stoping and development • Z70 – Limited stoping and development • Z80 – Main production area • Z90 – Stoping and development Zone 100 Zone 100 • Z100 – Development with 1 st stoping in Qtr 4 2014 ● Proven ● Probable ● Inferred Zone 110-150 ● Potential Mine remains open at depth & has lateral potential – limited only by present drilling 2014 Analyst Visit - Granny Smith Gold Mine | Stuart Mathews| July 2014 11
Recommend
More recommend
