Gold Fields Limited · JSE:GFI

Gold Fields — Technical Presentation (2011)

45 slides from Gold Fields's technical presentation, 2011

  1. Slide 1: Growth and International Projects

    Growth and International Projects

  2. Slide 2: Objectives

    Objectives Building the global leader in sustainable gold mining… 5Moz in production or in development by 2015  Reserve replacement and growth through near-mine exploration  Support and deliver regional growth objectives through greenfields exploration Improve the quality of the portfolio  Divers

  3. Slide 3: Challenges

    Challenges The cost of growing is rising rapidly… Decline in the industry discovery rate  Industry has difficulty replacing production let alone growing reserves  Increasing competition for fewer quality resources Global resources boom  Demand-driven capital cost inflation  Scarcity of skills 

  4. Slide 4: Exploration is value accretive: Targeting <$15 per resource ounce

    Exploration is value accretive: Targeting <$15 per resource ounce Average acquisition cost per Resource ounce – Global Developers* (US$/oz) 200 Acquisition Exploration & Study 160 120 11 deals 80 6 deals 40 3 deals 3 projects 0 2000 to 2003 2004 to 2007 2008 to 2011 Gold Fields Projects^ ___________

  5. Slide 5: Discover & build strategy cheaper than acquisition

    Discover & build strategy cheaper than acquisition Average acquisition cost per Reserve ounce – Global Producers* (US$/oz) 500 Acquisition Exploration & Study Capital 400 300 11 deals 200 13 deals 5 projects 100 12 deals 0 2000 to 2003 2004 to 2007 2008 to 2011 Gold Fields Projects^ ________________

  6. Slide 6: Streamlined development process

    Streamlined development process Increased executive focus by consolidating Exploration and Capital Projects groups  Seamless management of growth from discovery to mine delivery  Discovery and construction driven culture  Single focus on growing the value proposition of Gold Fields Growth & Inter

  7. Slide 7: Track record of delivery

    Track record of delivery Key achievements: Delivering the pipeline  Reserve replacement and growth at international operations Reserve Growth * reserve discovered  At an average costt off ~US$33/ozeq US$33/ di d  Added 10.5Mozeq in greenfields projects in 2010 Resource Growth  At an average cost

  8. Slide 8: Exploration is replacing and growing reserves at International Operations

    Exploration is replacing and growing reserves at International Operations Moz 22.5Moz (15.3)Moz 35 Exploration* Total mined IInvested t d in i exploration: l ti US$752m US$752 Overall discovery cost: ~US$33/oz 30 25 16.5Moz Dec ‘10 Attributable 20 Reserves 9.0Moz 9 0Moz 15 Total (1.8)Moz Acquired Di

  9. Slide 9: Creating a globally diversified portfolio

    Creating a globally diversified portfolio Arctic Platinum Supporting regional growth Pre-Feasibility Producing Asset • 12Moz 2PGE + Au Development Project resource • Scoping Study Exploration Project confirms Platsol® process • Exploration and amenability in 2012 Woodjam JV Exploration Finland Yanfo

  10. Slide 10: Indicative project delivery schedule

    Indicative project delivery schedule Delivering our target of 5Moz in production or in development by 2015 Indicative delivery timeline 2011 2012E 2013E 2014E 2015E 2016E South Deep 750kozpa Au Construct# Chucapacaˣ Explore* Develop^ Construct# 400 to 600kozpa Aueq Damang Super-pitˣ 400 tto 500k 500

  11. Slide 11: Chucapaca Project, southern Peru

    Chucapaca Project, southern Peru

  12. Slide 12: Chucapaca - Location

    Chucapaca - Location Chucapaca Project in southern Peru Cerro Corona PERU Lima Chucapaca Project Mi i Mining C Concessions i Chucapaca Project Gold Fields 12,700Ha 94,100Ha Buenaventura 18 400Ha 18,400Ha 53

  13. Slide 13: Chucapaca Mineral Resource

    Chucapaca Mineral Resource September 2011 Mineral Resource Model and Open Pit Shell (7.6Moz Aueq*) CCP10-137 E W CCP11-274 62.2m at 5.23g/t Au 25.8m at 2.00g/t Au from 409.4m from 619.8m Section 950W Section 1100W 7.6Moz Aueq* 450 m CCP11-289 g/t Aueq 75.95m at 3.5g/t Au Section 1000W ______________

  14. Slide 14: Chucapaca Mineral Resource

    Chucapaca Mineral Resource ~70% of Resource in the Indicated Category G d Grade M l Metal Tonnes Category (Mt) Au Ag Cu AuEq Au Ag Cu AuEq (g/t)) (g (g/t)) (g ((%)) (g/t)) (g ((Moz)) ((Moz)) ((Mlb)) ((Moz)) Measured - - - - - - - - - Indicated 92.56 1.45 11.61 0.09 1.83 4.32 34.56 178.59 5.46 Inferr

  15. Slide 15: Chucapaca Mineral Resource

    Chucapaca Mineral Resource Robust resource at higher cut-off grades Mineral Resource - September 2011 (Indicated & Inferred) 200 4.0 1.0g/t Aueq* COG 81.6Mt at 2.44g/t Aueq* for 6.6Moz Aueq* 150 3.0 Tonnes Grade (Mt) (g/t Aueq*) (g q) 2.0g/t 2 0g/t Aueq COG 100 35.7Mt at 3.7g/t Aueq* 2.0 for 4.3Moz

  16. Slide 16: Chucapaca exploration potential

    Chucapaca exploration potential Good exploration potential in the district... W E Titan Geophysics – Deep Search Ground IP ~ 2km Canahuire C° Chucapaca Agani CCP11_414 16m @ 0.6g/t Au 0 2km …Canahuire C h i – one off numerous ttargets t th thatt have h potential t ti l 57

  17. Slide 17: Chucapaca – Indicative Project Parameters

    Chucapaca – Indicative Project Parameters Key feasibility study parameters*  M&I: 92.6Mt at 1.5g/t Au, 11.6g/t Ag & 0.09% Cu for 1.8g/t Aueq# for 5.5Moz Aueq# Resource^  M,I&I: 132.7Mt at 1.4g/t Au, 10.8g/t Ag & 0.09% Cu for 1.8g/t Aueq# for 7.6Moz Aueq#  106Mt at 1.7g/t Au, 9.3g/t Ag & 0.09% Cu

  18. Slide 18: Damang Super-pit, Ghana

    Damang Super-pit, Ghana

  19. Slide 19: Damang Super-pit, Ghana

    Damang Super-pit, Ghana Resource and Pre-feasibility targeted for H1 2012  December 2010 Damang Pit Reserve 1.1Moz  Other p pit reserves of 0.83Moz  Total Damang property reserve 2.1Moz  Combine Huni, Juno and Damang pits as a Super-pit  Conceptual model generated by cut and paste of grade cont

  20. Slide 20: Broad intersections and continuity of mineralisation

    Broad intersections and continuity of mineralisation 0m 8.4 m at 1.2 g/t 348.8m at 1.1g/t Au 25.0 m at 2.4 g/t 16.7 m at 1.5 g/t 24.0 m at 2.8 g/t Initial conceptual pit shell 34.4 m at 2.4 g/t 29.1 m at 0.6 g/t 22.6 m at 1.8 g/t 34.5 m at 1.6 g/t Cross Section 25710mN EOH 348.8m ___________________

  21. Slide 21: Damang Super-pit, Ghana

    Damang Super-pit, Ghana Proof of concept drilling demonstrated robust exploration target Juno Damang Huni 121 6m at 1 121.6m 1.74 74 g/t Au 180m at 2.42 g/t Au 605.4m at 0.63 g/t Au 408.4m at 0.52 g/t Au 270m at 0.95 g/t Au 425.4m at 0.71 g/t Au 348.8m at 1.1 g/t Au 143.8m at 3.93 g/t g Au 188.6m at

  22. Slide 22: Potential for a major pit push-back at Damang

    Potential for a major pit push-back at Damang  Resource estimate and Pre-feasibility targeted for completion during H1 2012  Permitting gpprocess underway y  Study elements progressing to schedule Damang Super-pit Conceptual Shell N Current Pit Surface -200m -400m -600m -800m 800m R Reserve shell

  23. Slide 23: A potential 5Moz reserve position at Damang

    A potential 5Moz reserve position at Damang*# Indicative pre-feasibility study parameters*  Dec 2010 Damang Property Reserve: Pit: 36.1Mt at 1.7g/t for 1.93Moz Resource and Reserve Stockpile: 4.4Mt 4 4Mt at 1.1g/t 1 1g/t for 0.15Moz 0 15Moz  Damang Super-pit exploration target^: 80Mt at 1.6g/t for

  24. Slide 24: Far Southeast, the Philippines

    Far Southeast, the Philippines

  25. Slide 25: High quality gold-copper porphyry with significant upside potential

    High quality gold-copper porphyry with significant upside potential First Gold Fields resource planned Q2 2012  Option to acquire 60% interest  Option agreement signed Sept 2010 – initial payment US$54 million Far Southeast  Second down-payment made Sept 2011 - US$66 million Project Area  Final

  26. Slide 26: Geology and resource potential

    Geology and resource potential NW SE Enargite Prod: 1938 - 98 Prod: 1997 to present 1,600m 41Mt @ 3.3g/t Au 18Mt @ 7.71g/t Au 700 Drilling level Far Southeast A C Au-Cu Porphyry Exploration Target*: 500m 100 m 900Mt at 0.77g/t Au and 0.54% Cu (c/o ~0.8g/t Aueq^) -200 m ? After Hedenquist et. al. 200

  27. Slide 27: Far Southeast, the Philippines

    Far Southeast, the Philippines P Proof-of-concept f f tddrilling illi confirms fi hi high h grade d core... SW NE 250 m Confirms model 890m at 2.06g/t Aueq* (1 0g/t Au (1.0g/t A and 0.6% 0 6% Cu) C ) Gold equivalent q grade (g/t) 3.0 Confirms and extends model 0.0 00 1,058m at 1.42g/t Aueq* (0.7g/t

  28. Slide 28: Far Southeast, the Philippines

    Far Southeast, the Philippines At a 0.8g/t Aueq* cut-off (~0.5% Cueq*) Ounce per Level 700 Access vertical metre at 0.8g/t Aueq* cut-off Approximate bulk mining inventory y Target^: 900Mt at 0.8g/t Au & 0.5% Cu, 1.7g/t Aueq*, 52Moz Aueq* Lepanto 400 m Gold Fields ____________________________________

  29. Slide 29: Far Southeast, the Philippines

    Far Southeast, the Philippines At a 1.5g/t Aueq* cut-off (~0.9% Cueq*) Level 700 Access Ounce per vertical metre at 1.5g/t Aueq* cut-off Average 0.9g/t Au & 0.7% Cu, 2.1g/t Aueq* Lepanto Gold Fields 400 m ___________________________ * Calculations of Aueq assume gold price of US$1,500/oz Au, and US$

  30. Slide 30: Far Southeast, the Philippines

    Far Southeast, the Philippines At a 3.0g/t Aueq* cut-off (~1.8% Cueq*) Level 700 Access Ounce per vertical metre at 3.0g/t Aueq* cut-off Average 2.3g/t Au & 0.9% Cu, 3.8g/t Aueq* Lepanto 400 m Gold Fields ___________________________ * Calculations of Aueq assume gold price of US$1,500/oz Au, and US$

  31. Slide 31: Far Southeast, the Philippines

    Far Southeast, the Philippines Indicative scoping study parameters*  Exploration target^: 900Mt at 0.77g/t Au and 0.54% Cu for 52Moz Aueq# Resource  Depth of target^: +375mAMSL to -200mAMSL i.e. 575m extent  Evaluating bulk underground mining: 4Mtpa to 25Mtpa Mining  Twin decline development  T

  32. Slide 32: Yanfolila, southern Mali

    southern Mali Yanfolila Y ate, Fiecos

  33. Slide 33: Yanfolila, southern Mali

    Yanfolila, southern Mali Komana scoping study  Scoping a 1Moz to 2Moz starter project  88,000m RC and DD drilling in 2 years  Dec 2010 resource  Komana East and West  9.1Mt 9 1Mt att 2.5g/t 2 5 /t for f 740,000 740 000 ounces  Good targets within 25km radius of the Komana deposits  57,000m RC

  34. Slide 34: Yanfolila, southern Mali

    Yanfolila, southern Mali R Results lt received i d iin 2011 show h extensions t i att d depth th and d plunge l Komana East Domain 100: S-N projection S N KRC0267 – 19 m at 4 21 g/t 4.21 KRC0265 – 36 m at 5.01 g/t KRCD0224 – 16 m at 4.42 g/t KRCD0407 – 20.4 m at 1.58 g/t KRC0263 – 25 m at 4.54 g/t D

  35. Slide 35: Yanfolila, southern Mali

    Yanfolila, southern Mali Key scoping study parameters which was completed during Q4 2011*  Komana East and Komana West only Resource  M,I&I Dec 2010: 9.1Mt at 2.5g/t for 740koz  14Mt at 2.3g/t for 1.04Moz^ Mining Inventory  Strip ratio 12 : 1  Conventional open pit mining fleet  3 Mtpa to 4 Mt

  36. Slide 36: Arctic Platinum, Finland

    Arctic Platinum, Finland 8 November 2011

  37. Slide 37: Arctic Platinum, Finland

    Arctic Platinum, Finland Scoping study confirms viable processing route Significant PGE-Cu-Ni Deposits  Detailed scoping study completed Q4 2011 Layered Intrusive Complexes Barents Sea  Platsol® demonstrated as a viable process Norway  Improved overall project recoveries  On site production of s

  38. Slide 38: Arctic Platinum, Finland

    Arctic Platinum, Finland Key scoping study parameters which was completed in Q4 2011  Ahmavaara and Konttijarvi only (undiluted inventory >= US$0.0/t net revenue) Resource  M&I: 96 5Mt at 1 96.5Mt 1.35g/t 35g/t Pd Pd, 0 0.32g/t 32g/t Pt Pt, 0 0.14g/t 14g/t Au Au, 0 0.23% 23% Cu and 0 0.09% 09% Ni

  39. Slide 39: Resource expansion & metallurgical test work

    Resource expansion & metallurgical test work 2012 exploration to focus on proving up resource potential of the Suhanko Extension deposits A A’ Suhanko North SUHANKO EXTENSIONS T Tuumasuo Konttijärvi SUHANKO PROJECT Ahmavaara Vaaralampi 80

  40. Slide 40: Arctic Platinum, Finland

    Arctic Platinum, Finland Identified exploration potential of ~100Mt based on demonstrated strike and dip potential Suhanko North scout drilling - section looking North A A’ RN/YP-161 Historical hole drilled by SUH-205 Outokumpu 54m at 1.9g/t 2E+Au 0 7g/t 2E 40m at 0.7g/t Cu 0.31% Cu 0.14% Ni 0.14% N

  41. Slide 41: Exploration Projects

    ion Projects Explorat fo mr Fiecos

  42. Slide 42: Woodjam JV, southern BC, Canada

    Woodjam JV, southern BC, Canada Gold Fields drilled ~52,000m and initial resource planned for Q1 2012  Located in the endowed Quesnella d i domain RedGold Mount (8,902 ha) Polley  Consolidating large land position N  Advanced drilling:  Deerhorn (39 holes) 139m at 1.3g/t Au & 0.3% Cu  Southeast

  43. Slide 43: Salares Norte, northern Chile

    Salares Norte, northern Chile Initial drilling encouraging and supported by geophysical data A18 SNRC02 96 m at 1.56 g/t & 63 g/t Ag Oxidised vuggy silica 500 m Trenching and up to 6 6,000m 000m drilling planned this field season 84

  44. Slide 44: Kangare, southern Mali

    Kangare, southern Mali First exploration in the area demonstrating a large system  Large land position in southern Mali  ~180km 180k bby 60k 60km coverage  Property owned 100% by Gold Fields  Gold Fields completed ground gravity  Identified major structure  Soil sampling defined 5km Au anomaly

  45. Slide 45: Taguas JV, Argentina

    Taguas JV, Argentina An advanced exploration project in San Juan, Argentina  Gold Fields can earn 51% from Minera S.A. by funding US$30 million over 4 years  Gold Fields has additional rights to earn up to 70%  156 Drill holes for 33,976m drilled  Intermediate sulphidation targets: Cerro Campame

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