Slide 1: Barberton Site Visit
BARBERTON SITE VISIT July 2018
Slide 2: Disclaimer
DISCLAIMER 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 presentation has not been filed, lodged, registered or approved in any jurisdiction and recipients of this document
Slide 3: Contents
CONTENTS › Barberton Mines presentation (JT/RlR) › Barberton Mines update – History (CS/RlR) – Production Update (CL) – Safety Performance (BvdB) – Projects (BvdB) 3
Slide 4: BML Presentation
BML PRESENTATION Jan Thirion, General Manager Roelf le Roux, Mineral Resource Manager
Slide 5: Barberton Mines (Pty) Ltd - Background
BARBERTON MINES (PTY) LTD - BACKGROUND › Mining started in 1884 at Sheba Mine (oldest operating mine) › Currently there are 3 underground operations: Sheba, New Consort and Fairview › Approximately 22,000 ore tons are treated per month › Tailings Retreatment Plant (90,000tpm) › Combined gold product
Slide 6: Barberton Mines – History
BARBERTON MINES – HISTORY Sheba Mine, 7 Level Edwin Bray adit – still in use today 6
Slide 7: Barberton Mines – History
BARBERTON MINES – HISTORY Sheba mine, with the Soper shaft in the foreground 7
Slide 8: Barberton Mines – History
BARBERTON MINES – HISTORY The central mill at Barberton, near Rimer’s Sheba GMCo hydro-electric generating station Creek. The small workings could bring their ore here to be toll treated. 8
Slide 9: Barberton Mines – History
BARBERTON MINES – HISTORY Thomas mine. Sheba has now re-accessed this orebody at depth and production is due to start in a few month’s time. The first gold discovery at Fairview was on the free milling quartz veins, of which Kidson was one. 9
Slide 10: Simplified Geology Map
SIMPLIFIED GEOLOGY MAP Barberton Jamestown Schist Belt Porphyritic Dyke 10
Slide 11: Fairview and Sheba Mine Long Section
FAIRVIEW AND SHEBA MINE LONG SECTION 11
Slide 12: Fairview Mine – MRC Orebody
FAIRVIEW MINE – MRC OREBODY 12
Slide 13: Barberton Mines Update
BARBERTON MINES UPDATE Cobus Loots, CEO
Slide 14: BML – Production Update
BML – PRODUCTION UPDATE 70,000 60,000 50,000 40,000 oz 30,000 20,000 10,000 - 6 months ended 31 6 months ended 31 6 months ended 31 6 months ended 31 6 months ended 31 December 2013 December 2014 December 2015 December 2016 December 2017 BTRP 11,603 11,710 12,830 14,741 8,452 Surface 349 76 130 - -
Slide 15: BML – Underground Production Update
BML – UNDERGROUND PRODUCTION UPDATE 180,000 12.0 160,000 10.0 140,000 120,000 8.0 Tonnes Milled (t) Head Grade (g/t) 100,000 6.0 80,000 60,000 4.0 40,000 2.0 20,000 0 - 6 months 6 months 6 months 6 months 6 months 6 months ended 31 Dec ended 31 Dec ended 31 Dec ended 31 Dec ended 31 Dec ended 31 Dec
Slide 16: BML – Safety Performance
BML – SAFETY PERFORMANCE 4 -----Rates per million man hours - 3 2 2.05 1.96 1.85 1.87 1.86 1 0.46 0.62 0.62 0.58 0 0 Year ended 30 June Year ended 30 June Year ended 30 June Year ended 30 June 2018FY 2014 2015 2016 2017 LTIFR RIFR LTIFR Ceiling RIFR Ceiling 6 Months ended 6 Months ended 6 Months end
Slide 17: Barberton Mines Projects
BARBERTON MINES PROJECTS Bert van den Berg, Group Mining Engineer
Slide 18: BML Projects - Fairview Sub-Vertical Shaft
BML PROJECTS - FAIRVIEW SUB-VERTICAL SHAFT Phase 1 has started and scheduled for completion at end of Feb 2020 Sheba mine deepest level Planned access development Phase 2 100m 18
Slide 19: BML Projects – Royal Sheba
RI RESOURCE Meters Above Mean Sea Level West-East Long Section ooszt 4 Date: 25 January 2018 Pan African Resources — 1250 “\., Topography i Sheba Mine Development || Sheba Mine Stoping + -1280 Sheba Mine || Royal Sheba Mine Development & Stoping — 12500 Intombi Orebody Proposed Vent Shaft 23 Haulage
Slide 20: BML Projects – Royal Sheba
BML PROJECTS – ROYAL SHEBA Geology The gold mineralisation occurs within the Sheba Fault shear zone in the banded chert-carbonate shale unit of the Fig Tree Group.The Royal Sheba orebody is open-ended at depth. Project Status The Royal Sheba orebody is being accessed from 23 Level Sheba Mine Develop
Slide 21: BML Projects – Barberton Exploration
BML PROJECTS – BARBERTON EXPLORATION Regional Exploration Upside › PAR embarked on a strategy to asses the exploration upside at Barberton Mines. › Greenfield exploration drilling with prospective intersections South of the Hope Reef. › Shango Solutions (Prof. Carl Anhaeusser, Prof. Terrence McCarth
Slide 22: BML Projects – BTRP Regrind Mill
BML PROJECTS – BTRP REGRIND MILL › Installation of a 1.6 MW regrind mill to facilitate treatment of coarse material › DRA appointed to install the mill › Completed and operating › Benefit – gold production improvement from current 35kg/month to 50kg+/month › Versatility of mill will allow conversion
Slide 23: Thank You
RESOURCES