Gold Fields Limited · JSE:GFI
Gold Fields — Investor Presentation (2009)
26 slides from Gold Fields's investor presentation, 2009
Slide 1: West Africa Region
138 WEST AFRICA REGION Peter Turner Head: West Africa Region
Slide 2: Introduction
139 WEST AFRICA REGION Introduction West Africa • A premier mining destination Gold Fields • A 15 year history in Ghana Tark a Tarkwa • A world class, well capitalised mine Yanfolila Damang Tarkwa • A new lease on life Damang A strong near mine and greenfields growth pipeline GOLD FIELDS WELL ESTABL
Slide 3: Regional Strategy
140 WEST AFRICA REGION Regional Strategy • “If we cannot mine safely, we will not mine” • Stakeholder St k h ld relationships l ti hi Secure The Future • Maintain stable power supply • Optimise fuel and commodity input costs • Tarkwa CIL Build-up, HPGR Project • Tarkwa South Heap Leach Reprocessing
Slide 4: Delivering Organic Growth
141 WEST AFRICA REGION Delivering Organic Growth koz Gold Produced Tarkwa: • Movingg towards 190 koz per p quarter q 300 • Targeting 200 koz per quarter Damang: 250 • Steady state at 50 koz per quarter • Movingg towards 60 koz pper quarter q 200 • YoY reserve position from 12.6 Moz to 12.4 Moz • Rep
Slide 5: Tarkwa Gold Mine
142 WEST AFRICA REGION Tarkwa Gold Mine Production (koz) Steady state 190 koz, targeting 200 koz per qtr 200 180 High Volume – Quality Production 160 140 120 Well defined delineated ore body 100 80 60 Dual Processing CIL & Heap Leach - 22Mtpa 40 20 Owner mining enhances cost management 0 Q1 F09 Q2 F
Slide 6: Tarkwa Gold Mine: New CIL Milling Circuit
143 WEST AFRICA REGION Tarkwa Gold Mine NEW CIL Milling Circuit New 12 12.2 2 Mtpa Milling Circuit • Now operating above name plate capacity of +1 Mt per month • Operational cost driven down below ~US$ 8 per ton p p • State of the art expert process control systems y • New power substation with impr
Slide 7: New 12.2 Mtpa CIL Milling Plant
144 WEST AFRICA REGION Tarkwa Gold Mine New 12.2 Mtpa CIL Milling Plant NEW SAG & BALL MILLING CONFIGURATION
Slide 8: New 12.2 Mtpa CIL Milling Plant
145 WEST AFRICA REGION Tarkwa Gold Mine New 12.2 Mtpa CIL Milling Plant 3RD LARGEST CIL PLANT IN THE WORLD
Slide 9: Proven Owner Miner
146 WEST AFRICA REGION Tarkwa Gold Mine Proven Owner Miner High volume and grade driven producer in a select mining operation Average g unit mining g costs within lower quartile q of industry y benchmark Well trained and competent p workforce Application pp cat o ofo world o d class c ass tec techno
Slide 10: Proven Owner Miner: Low Cost Miner
147 WEST AFRICA REGION Tarkwa Gold Mine Proven Owner Miner LOW COST MINER CURRENTLY US$ 1.59 PER TON
Slide 11: New Mine Sub Stations
148 WEST AFRICA REGION Tarkwa Gold Mine New Mine Sub Stations RING FEED - NATIONAL GRID POWER STABILITY
Slide 12: High Pressure Grinding Roller (HPGR) Pilot Project
149 WEST AFRICA REGION Tarkwa Gold Mine High Pressure Grinding Roller (HPGR) Pilot Project Positive HPGR plant scale test results Upside Potential Initiated a 300,000 tpm HPGR pilot project Crush 1 1.9 9 Mt low grade stockpile ore Cyanide Produce 31,000 oz additional gold HPGR Rolls Project to test:
Slide 13: HPGR Pilot Project: Crusher, Conveyors & Bin
150 WEST AFRICA REGION Tarkwa Gold Mine High Pressure Grinding Roller (HPGR) Pilot Project CRUSHER, CONVEYORS & BIN
Slide 14: North Heap Leach Opportunity
151 WEST AFRICA REGION Tarkwa Gold Mine North Heap Leach Opportunity HPGR Upside Potential Pending positive HPGR Pilot project Cyanide Cone Crusher X Replace existing cone crushers with HPGR technology Gold Locked up Gold Liberated HPGR ~10% Improved Heap Leach Recovery I Increase incremental i t l
Slide 15: Re-treatment Opportunity at South Heap Leach Facility
152 WEST AFRICA REGION Tarkwa Gold Mine Re-treatment Opportunity at South Heap Leach Facility 51.2 Mt available Pre screening at 13mm Pre-screening 1,295 koz Recovery Opportunity • Recover ~30% of the feed: 15.4 Mt • Upgrade to ~0.90 g/t Au 2,043 koz 151 koz 748 Gold Production 597 597 koz • ~90% 90
Slide 16: Production and Cost Profile
153 WEST AFRICA REGION Tarkwa Gold Mine 900 Production and Cost Profile 900 800 800 700 700 600 600 500 500 koz 400 400 US$/oz U 300 300 200 200 100 100 - - F2010 F2011 F2012 F2013 F2014 F2015 F2016 F2017 F2018 F2019 F2020 F2021 Production Cash Costs NCE Excluding g HPGR Project j and South Heap p L
Slide 17: Damang Gold Mine
154 WEST AFRICA REGION Damang Gold Mine Steady State 60 koz per quarter. Production (koz) Consistent producer gearing for growth. 70 60 Crushing facilities upgrade for higher grade hard ore. 50 • Significant potential for margin improvement. 40 30 • Higher volume higher grade. 20 10 Optimization of
Slide 18: Installation of new Secondary Crusher
155 WEST AFRICA REGION Damang Gold Mine Installation of new Secondary Crusher Current Primary Conveyor C Double Crusher Belts deck Current Status Transfer Chute screen • High grade throughput opportunity. • Throughput blend dependant: Secondary Crusher Single Si l deck d k – 65% fresh (high grade bu
Slide 19: Damang Exploration Focus
156 WEST AFRICA REGION Damang Exploration Focus Greater Damang Damang North (Huni, Juno and Tamang) • 1,300m metres RC • 8,000 metres RC/DD • US$0.45m Nyame • US$ 1.56m Drilling started on two significant • 1,300m RC/DD Koduakrom extensional t i l projects j t • US$ 0.41m • 4,600 metres AC/RC • US$0
Slide 20: Greater Damang Pit
157 WEST AFRICA DAMANG GOLDREGION MINE Greater Damang Pit Greater Damang target areas: • Greater Damang to ensure consistent supply of high grade fresh ore to the plant • Huni Gap to potentially add 350koz to reserve • Extensions south of Juno confirmed N S DAMANG “SUPER PIT” EMERGING
Slide 21: Damang: Amoanda Project
158 WEST AFRICA REGION Damang: Amoanda Project Tomento East Pit Amoanda North Extension Amoanda North Amoanda Pit FAULT 4m @ 11.7g/t 12m @1.04g/t ± 100m to 120m F2010 Results F2009 (to date) drilling highlights ±1.2 g/t to 4.5g/t 17m @ 0.95g/t 6.0m @ 8.92 g/t 32 holes of combined RC/DD 12m @ 1.04g/t
Slide 22: Damang Production and Cost Profile
159 WEST AFRICA REGION Damang Gold Mine Production and Cost Profile 300 800 700 250 600 200 500 150 400 koz k S$/oz US 300 100 200 50 100 - - F2010 F2011 F2012 F2013 F2014 F2015 F2016 F2017 F2018 Production NCE Cash Costs CURRENT RESERVE WITH SECONDARY CRUSHER
Slide 23: Yanfolila Project - Mali
160 WEST AFRICA REGION Yanfolila Project - Mali Regional footprint in Mali within the Yanfolila belt Underexplored belt with open pittable resources Opportunity to control high quality YANFOLILA advanced targets and ground Sadiola Loulo Morila Siguiri Syama Aggressive and disciplined approaches ELEP
Slide 24: Yanfolila Project - Mali
161 WEST AFRICA REGION Yanfolila Project - Mali Emerging Camp in under explored district One advanced drilling project with open pittable resources Bagama g Kobada Gold Fields has consolidated extensive land position Komana Exploration fast tracked UNDER EXPLORED DISTRICT WITH SIGNIFICANT POTENTIAL
Slide 25: Regional Growth Pipeline
162 WEST AFRICA REGION Regional Growth Pipeline Targeting 1Moz within 5 years Early stage Advanced stage Feasibility Construction Exploration Exploration • Mali • Mali • Tarkwa • Tarkwa – Sankarani – Komana East – South Heap Leach – HPGR Project Re processing Re-processing – Solana – Komana West • D
Slide 26: Conclusion
163 WEST AFRICA REGION Conclusion Regional Production Targets* (koz) * Managed production: GFI owns 71.1% of Gold Fields Ghana 1 400 1 200 275 1 000 106 800 600 1 297 1 022 916 916 400 813 200 0 F2009 Actual Q1F2010 Steady State Grow F2015 Target Annualised (Sweat the Gold Fields Assets) TARGET: 1 M