Pan African Resources Plc · LSE:PAF
Pan African Resources — Technical Presentation (February 2015)
61 slides from Pan African Resources's technical presentation, Feb 12, 2015
Slide 1: People Action Results – Evander Gold Mining Visit
People Action Results Evander Gold Mining Visit 12/02/2015 The African Focused Precious Metals Producer
Slide 2: Disclaimer
EVANDER GOLD MINES Disclaimer A Subsidiary of Pan African Resources Plc. The African Focused Precious Metals Producer This presentation is provided on a confidential basis. The name 'Presenter' refers to Pan African Resources PLC and its advisors, subsidiaries or affiliated companies. This presentat
Slide 3: Agenda
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Agenda • Introduction to PAR • Safety & Health • Introduction to EGM • Location • History • Geology • Reserves & Resources • Evander 8# • Infrastructure • ETRP • Future Projects • Discussion
Slide 4: Pan African Resources overview
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. The African Focused Precious Metals Producer 1 Barberton is a low cost, high grade, greenstone belt producing operation Pan African which has contributed significantly to Resources is an PAR’s successful track record. Barberton unhedged m
Slide 5: Safety & Health
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. The African Focused Precious Metals Producer SAFETY & HEALTH
Slide 6: Safety – Phase 4
EVANDER GOLD MINES Safety A Subsidiary of Pan African Resources Plc. “Phase 4”
Slide 7: Safety History - LTIFR
EVANDER GOLD MINES Safety History - LTIFR A Subsidiary of Pan African Resources Plc. 35.00 29.9 30.00 25.00 19.11 20.00 18.94 17.72 15.00 10.39 7.41 10.00 3.72 5.00 4.00 2.90 4.08 0.00 2004 - 2005 2005 - 2006 2006 - 2007 2007 - 2008 2008 - 2009 2009 - 2010 2010 - 2011 2011 - 2012 2012 - 2013 2013 -
Slide 8: LTIFR by month and quarter
Year End 2014 4.08 Jul-14 - Aug-14 1.57 Sep-14 - Quarter 1 0.52 Oct-14 3.09 Nov-14 3.00 EVANDER GOLD MINES Dec-14 10.17 A Subsidiary of Pan African Resources Plc. Quarter 2 5.25 Jan-15 2.04 LTIFR Feb-15 - Mar-15 - Quarter 3 2.04 Apr-15 - May-15 - Jun-15 - Quarter 4 - YTD 2.77 LTIFR B/M 2.39
Slide 9: Location & History
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Location & History
Slide 10: Evander Operations location map
Evander Operations EVANDER GOLD MINES Location map A Subsidiary of Pan African Resources Plc.
Slide 11: History
EVANDER GOLD MINES History A Subsidiary of Pan African Resources Plc. • Union Corporation Limited : until 1980 • Gencor Group : 1981 - 1988 • Genmin Group : 1989 • Gengold Group : 1990 - 1995 • Goldfields : 1996 – 1997 • Harmony : 1998 – 2013 • Pan African Resources : 28th February 2013
Slide 12: Historical production
Evander Operations EVANDER GOLD MINES History A Subsidiary of Pan African Resources Plc. Historical production (up to June 2014) Operation Tons milled Grade Gold Gold (Mt) (g/t) (Tonnes) (Moz) Winkelhaak Mine 74.7 7.55 565 18 Kinross Mine 66.7 6.82 455 15 Leslie Mine 41.4 6.25 259 8 Bracken Mine 26.
Slide 13: Evander Operations – Geology
Evander Operations EVANDER GOLD MINES Geology A Subsidiary of Pan African Resources Plc. Evander Operations – Geology Walter Seymore
Slide 14: Evander Basin geology
Evander Operations EVANDER GOLD MINES Geology A Subsidiary of Pan African Resources Plc. Witwaters Rand Basin 0 km 50 km 100 km 200 km Evander Basin
Slide 15: Evander Operations Geology
Evander Operations EVANDER GOLD MINES Geology A Subsidiary of Pan African Resources Plc.
Slide 16: Evander Operations Geology
Evander Operations EVANDER GOLD MINES Geology A Subsidiary of Pan African Resources Plc. In flow of gold barring material
Slide 17: Evander Operations Geology
Evander Operations EVANDER GOLD MINES Geology A Subsidiary of Pan African Resources Plc.
Slide 18: Reserves & Resources
Evander Operations EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Reserves & Resources
Slide 19: Reserves & Resources
EVANDER GOLD MINES Reserves & Resources A Subsidiary of Pan African Resources Plc. Poplar 8# Rolspruit 7# Evander South 9# Leslie Winkelhaak Bracken
Slide 20: EGM Reserves & Resources
EVANDER GOLD MINES EGM Reserves & Resources A Subsidiary of Pan African Resources Plc. As at 30 June 2014 Resource Tonnes Grade Contained Gold Evander Gold Mining Category million g/t Tonnes Moz Measured 3.10 13.14 40.7 1.309 Indicated 259.83 2.28 593.4 19.08 Inferred 34.14 8.52 291.0 9.35 Total Eva
Slide 21: Evander 8#
Evander Operations EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander 8# • Geology • Infrastructure • Mining Method • Processing Plant • Our People
Slide 22: Shaft - Geology
Evander Operations EVANDER GOLD MINES 8 Shaft - Geology A Subsidiary of Pan African Resources Plc. Evander 8 Shaft
Slide 23: Grade Distribution
EVANDER GOLD MINES Grade Distribution A Subsidiary of Pan African Resources Plc. Evander 8 Shaft Grade Distribution 25 Level LOW GRADE AREA HIGH GRADE AREA 24 Level LOW GRADE AREA 8 Shaft Underground samples & Block Model (cmg/t) Lubbe Payshoot 23
Slide 24: Evander Shaft Production
Evander Operations EVANDER GOLD MINES 8 Shaft A Subsidiary of Pan African Resources Plc. Evander 8 Shaft Production
Slide 25: Shaft - Geology
Evander Operations EVANDER GOLD MINES 8 Shaft - Geology A Subsidiary of Pan African Resources Plc. No 8 Shaft
Slide 26: Infrastructure
Evander Operations EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Infrastructure
Slide 27: Evander Shaft re-engineered
Evander Operations Evander Operations EVANDER GOLD MINES Evander 8 Shaft re-engineered Infrastructure A Subsidiary of Pan African Resources Plc. 8# 7# 11 L 12 L 13 L 14 L 5 MW BAC 150 m³ Fan 17 Lev 15 L 5 MW BAC 16 L 18 Lev 17 L 18 L Raise bore Holes 19 L 20 L 2 Fridge Plants 21 L 22 L 17 – 24 Vent
Slide 28: ETRP (Evander Tailings Retreatment Plant)
Evander Operations EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. ETRP (Evander Tailings Retreatment Plant)
Slide 29: Background – ETRP
EVANDER GOLD MINES Background – ETRP (Evander Tailings Retreatment Plant) A Subsidiary of Pan African Resources Plc. • Mining started in the Evander basin in 1958 • A total of 203Mt of tailings @ an average grade of 0.32 g/t on surface • First tailings pre-feasibility done by Harmony in 1998 • Proje
Slide 30: ETRP Resources
EVANDER GOLD MINES ETRP Resources A Subsidiary of Pan African Resources Plc. Tons Grade Au Content Project Category (Mt) (g/t) (kg) (Moz) Indicated Mineral Kinross TSF 57.81 0.32 18,556 0.60 Resource SAMREC compliant resources signed off by competent person : Barry Naicker – Group Mineral Resource M
Slide 31: Grade distribution of the Kinross Dam
EVANDER GOLD MINES ETRP A Subsidiary of Pan African Resources Plc. Grade distribution of the Kinross Dam Kinross Dam Dam 1 Dam 3 Dam 2
Slide 32: Plant and TSF layout
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Plant Dam 1 Dam 3 Dam 2 TSF 32
Slide 33: ETRP: Re-mining and TSF considerations
ETRP : EVANDER GOLD MINES Re-mining and TSF considerations A Subsidiary of Pan African Resources Plc. • Hydraulic re-mining of Kinross TSF • commence with high grade dam no. 1 • Slurry pumped to Kinross processing plant • Current thickener arrangements are suited for tailings density control • Suffi
Slide 34: Conclusion
EVANDER GOLD MINES Conclusion A Subsidiary of Pan African Resources Plc. • Low risk implementation project • Flexibility – Fluctuating ROM • Construction phase completion – October 2014 • Full production expected in June 2015
Slide 35: EGM Projects
Evander Operations EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. EGM Projects • Elikhulu • Poplar • Evander South • Rolspruit • 9# & 2010 Payshoot
Slide 36: Elikhulu
EVANDER GOLD MINES Major Projects A Subsidiary of Pan African Resources Plc. Elikhulu “The Big One” 36
Slide 37: Elikhulu Location Plan
ELIKHULU EVANDER GOLD MINES Location Plan A Subsidiary of Pan African Resources Plc. Kinross Dam Photo of all 3 dams Leslie Dam Winkelhaak Dam
Slide 38: Elikhulu project
EVANDER GOLD MINES ELIKHULU A Subsidiary of Pan African Resources Plc. Evander “Elikhulu” Project: (1 000 000t / month) - Re-treatment of the tailings storage facilities of Kinross, Leslie & Winkelhaak - Re-evaluated in 2009 / 2010 - Kinross – 42 holes drilled - Leslie – 90 holes drilled included 39
Slide 39: Elikhulu pre-feasibility
EVANDER GOLD MINES ELIKHULU A Subsidiary of Pan African Resources Plc. • In House Pre-Feasibility completed in 2010 – Test work done by SGS Labs – Test work indicated the following recoveries: Kinross: 47.8% Leslie: 40.7% Winkelhaak: 47.9% – Stand alone plant – Treatment rate of 12 million ton
Slide 40: Elikhulu Mineral Resources
EVANDER GOLD MINES ELIKHULU A Subsidiary of Pan African Resources Plc. Mineral Resources Mineral resources Category Tonnes Grade Gold Ounces (Mt) (g/t) (kg) (Moz) Measured - - - - Indicated 205 0.29 60 1.9 Inferred - - - - Total 205 0.29 60 1.9
Slide 41: Elikhulu feasibility
EVANDER GOLD MINES ELIKHULU A Subsidiary of Pan African Resources Plc. • Elikhulu feasibility – New TSF site selection complete (agreement reached with Sasol) – EIA studies for TSF and plant (use Winkelhaak plant footprint) – Compile and submit EMP – Negotiate water off-take with Sasol (33 ml / day
Slide 42: Poplar
EVANDER GOLD MINES Major Projects A Subsidiary of Pan African Resources Plc. Poplar 42
Slide 43: Poplar Location Plan
EVANDER GOLD MINES POPLAR A Subsidiary of Pan African Resources Plc. Location Plan POPLAR 43
Slide 44: Poplar Background
EVANDER GOLD MINES POPLAR A Subsidiary of Pan African Resources Plc. Back ground • Previously drilled however limited information available (core lost / incomplete information) • 12-month drilling program conducted in FY11 (Dec 2010) – 23 Holes (20 106 meters) – 77 reef intersections – Indicated add
Slide 45: Poplar Surface Bore Holes Grade Distribution
EVANDER GOLD MINES POPLAR A Subsidiary of Pan African Resources Plc. Surface Bore Holes Grade Distribution
Slide 46: Poplar Mineral Resources
EVANDER GOLD MINES POPLAR A Subsidiary of Pan African Resources Plc. Mineral Resources Mineral resources Category Tonnes Grade Gold Ounces (Mt) (g/t) (kg) (Moz) Measured - - - - Indicated 15.8 7.60 120 3.9 Inferred 6.7 6.92 46 1.5 Total 22.5 7.40 167 5.4
Slide 47: Evander South
EVANDER GOLD MINES Major Projects A Subsidiary of Pan African Resources Plc. Evander South 47
Slide 48: Evander South Location Plan
EVANDER GOLD MINES EVANDER SOUTH A Subsidiary of Pan African Resources Plc. Location Plan EVANDER SOUTH 48
Slide 49: Evander South Background
EVANDER GOLD MINES EVANDER SOUTH A Subsidiary of Pan African Resources Plc. Back ground • Previously extensively drilled by AAC (Core and logs preserved and available) • Harmony concluded a 24-month drilling programme in early FY10 (Oct 2009) – 43 Holes (24 700 meters) – 99 reef intersections • Geol
Slide 50: Evander South Surface Bore Holes Grade Distribution
EVANDER GOLD MINES EVANDER SOUTH A Subsidiary of Pan African Resources Plc. Surface Bore Holes Grade Distribution
Slide 51: Evander South Mineral Resources
EVANDER GOLD MINES EVANDER SOUTH A Subsidiary of Pan African Resources Plc. Mineral Resources Mineral resources Category Tonnes Grade Gold Ounces (Mt) (g/t) (kg) (Moz) Measured - - - - Indicated 11.4 8.79 100 3.2 Inferred 9.8 6.35 62 2.0 Total 21.2 7.66 162 5.2
Slide 52: Rolspruit
EVANDER GOLD MINES Major Projects A Subsidiary of Pan African Resources Plc. Rolspruit 52
Slide 53: Rolspruit Location Plan
EVANDER GOLD MINES ROLSPRUIT A Subsidiary of Pan African Resources Plc. Location Plan ROLSPRUIT 53
Slide 54: Rolspruit Background
EVANDER GOLD MINES ROLSPRUIT A Subsidiary of Pan African Resources Plc. Back ground • Rolspruit lies north of Evander 8 Shaft and is the down dip extension of the payshoot • Rolspruit is a high grade orebody at depth of between approximately 1 800 and 2 800m below surface • Historically a total of 4
Slide 55: Rolspruit Surface Bore Holes
EVANDER GOLD MINES ROLSPRUIT A Subsidiary of Pan African Resources Plc. Surface Bore Holes
Slide 56: Rolspruit Mineral Resources and Reserves
EVANDER GOLD MINES ROLSPRUIT A Subsidiary of Pan African Resources Plc. Mineral Resources Mineral resources Category Tonnes Grade Gold Ounces (Mt) (g/t) (kg) (Moz) Measured - - - - Indicated 24.4 10.92 267 8.6 Inferred 0.9 9.17 9 0.3 Total 25.4 10.86 275 8.9 Mineral reserves Category Tonnes Grade Go
Slide 57: Rolspruit
EVANDER GOLD MINES ROLSPRUIT A Subsidiary of Pan African Resources Plc.
Slide 58: 9# & 2010 Payshoot
EVANDER GOLD MINES Other Projects A Subsidiary of Pan African Resources Plc. 9# & 2010 Payshoot 58
Slide 59: EGM Other Projects
EVANDER GOLD MINES EGM A Subsidiary of Pan African Resources Plc. Other Projects 2010 Payshoot 9 Shaft Project 59
Slide 60: Questions
EVANDER GOLD MINES Evander Operations A Subsidiary of Pan African Resources Plc. Questions 60
Slide 61: Thank You
THANK YOU The African Focused Precious Metals Producer
Pan African Resources — Technical Presentation (February 2015) on 6ix