Slide 1: Analyst Visit: MMJV Exploration
Analyst Visit MMJV EXPLORATION Bernard Kavanamur (GM Exploration) March 2011
Slide 2: Newcrest Disclaimer
Newcrest Disclaimer Competent Persons Statement The information in this presentation that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by C. Moorhead, EGM Minerals for Newcrest Mining Limited who is a Member of The Australasian Institute of Mini
Slide 3: Harmony Safe Harbor Statement
Harmony Private Securities Litigation Reform Act Safe Harbor Statement This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by t
Slide 4: MMJV Vision, Mission and Objectives
MMJV Vision Mission and Objectives Vision Statement: Creating a world class mineral province in PNG Mission Statement: Discovering, developing and operating gold mines in Morobe Province to build a sustainable long term business to benefit all our stakeholders Strategic Objectives / Context: • Growt
Slide 5: Content
Content 1 PNG Overview 2 MMJV Exploration Wafi Golpu & Wafi Transfer District • Bavaga 3 • Zimarke Hidden Valley – Wau District 4 • Kerimenge - Kulang Trend • Mungowie 5
Slide 6: The New Guinea mobile belt
The New Guinea mobile belt New Ireland Grasberg Bismarck Sea Frieda River Lihir Porgera Yandera Madang New Britain Ok Tedi FLY PLATFORM Aure Lae Wafi-Golpu Trough Bougainville Bougainville Hidden Valley Solomon Sea TONNES GRADES METAL Port Moresby Deposit Mt Au (g/t) Cu (%) Au Moz Cu Mt Grasberg 521
Slide 7: Papua New Guinea: A World Class Opportunity
Papua New Guinea A World Class Opportunity Belt Pedigree • Production 2.1 Moz Au & Ok Tedi Simberi 160 Kt Cu annually Lihir Frieda • 11th largest gold producing country in the world. Porgera • Project resources of 32.5 Moz Au, 16.2 Mt Cu under Yandera consideration for development Wafi-Golpu • Major
Slide 8: Morobe Province Resource Inventory
Morobe Province Morobe Mining JV Resource Inventory2 • Emerging as World 80.0 Class mineral FY11 70.0 Au eqv. resource base Exploration province Target growing to 73.7 Moz1 Additional • Under-explored 60.0 28.1 Moz2 • Exploration investment 50.0 Gold Equivalent translating into (Moz) 40.0 resource g
Slide 9: MMJV Land Position
MMJV Land Position • 13 Granted ELs; 2336 km2 • 5 EL Applications; 1858 km2 • 1 Granted ML; 41 km2 • Total MMJV Tenure; 4235 km2 • Total Exp. Com: PGK1.35 M • FY10 exploration spend: PGK 63M (AUD $26M)
Slide 10: Exploration Process
Exploration Process • Establish relations and negotiate access with landowners (ongoing task) • Logistics - physical access and supply • Contractor availability • Mobilise exploration team - develop skills and safety culture • Geological reconnaissance & prospect identification • Stream sediment sam
Slide 11: MMJV Exploration Team
MMJV Exploration Team • 185 Employees • 20 National Geologists • Support professionals in Database/ GIS, Safety, Community Affairs & Logistics • 70% local employment with flow-on benefits to local communities • Additional 145 Locals employed through drill contractor • Includes 8 Trainee Drillers • P
Slide 12: MMJV Exploration Portfolio
MMJV Exploration Portfolio • Operations - Sustaining & HIDDEN VALLEY improving OPERATIONS OPERATIONS • Development - Unlocking WAFI/GOLPU value DEVELOPMENT HIDDEN VALLEY WAFI • Discovery – creating – WAU DISTRICT TRANSFER Regional ZONE opportunities DISCOVERY
Slide 13: Wafi-Golpu
Wafi-Golpu PLAN VIEW Major mineralised system NAMBONGA MIAPILLI PORPHYRY* which contains the Wafi, 1.0 Moz Au Golpu and Nambonga 80 Kt Cu u Northern Margin Resources: GOLD We Western – 16 Moz gold Zone – 4.8 Mt copper SIGNIFICANT – 55 Kt molybdenum Nambongaga DIATREME GROWTH Corridor – 39 Moz Au E
Slide 14: Nambonga North - Another porphyry?
Nambonga North - Another porphyry? 100 m Nambonga North Resource: – 1.0 Moz gold – 80 Kt copper Massive Sulphide Lode (Au-Zn-Ag-Pb) Mineralisation defined over WR258: 74m @ 4.3 % Zn, 1.2% Pb, 54 200m of strike to date g/t Ag, 5.6 g/t Au (125m). Open to north and at depth Vein stockwork with
Slide 15: Wafi Transfer Zone
Wafi Transfer Zone Zimake • Excellent prospectivity for major porphyry Cu/Au Systems and related epithermal Au mineralisation Bavaga • Regional exploration programs currently focussed at Bavaga, Bavaga Zenapu, Zimake and Mt Tonn Zenapu • 17km trend Nambonga Miapilli A,B,Link Zone Golpu • High tenor,
Slide 16: Bavaga Stream Sample Locations & Results
Bavaga Stream Sample Locations & Results (Au ppm) 1.07 1 ? 0.68 1.23 • Coherent, high tenor -0.01 -0.01 0.42 (+1 g/t) gold anomaly 0.09 developed in EL1105 0.3 • Major footprint, +2km of 0.05 strike 0.03 • Pan Concentrate 1.23 1.57 57 0.62 assays to 836 ppm Au 1.09 1 with visible gold flakes 0.72 No
Slide 17: Zimarke
Zimarke Area worked for alluvial gold
Slide 18: Hidden Valley – Wau District
Hidden Valley – Wau District • Gold rich district, PLAN VIEW endownment >8Moz Wau > 600Koz (1) • Portfolio of highly prospective Exploration target exploration targets Mungowe Edie Creek E ~ 90Koz (1,2) Kulang within 10km radius of target Hidden Valley Plant 2010 HAMATA RESOURCE* Y Exploration HIDDE
Slide 19: Kerimenge - Kulang Trend
Kerimenge - Kulang Trend Legend Kerimenge Trend Prospect Alteration zone • >5km of epithermal and Kulang porphyry style targets. • Kulang – drill testing Kauri underway • Kauri – highly anomalous stream sediments Ketange • Kerimenge – Historic Lemenge Mineral Inventory ~750 Koz Kerimenge Waurike 2 k
Slide 20: Mungowe (Heyu) Prospect
Mungowe (Heyu) Prospect EL 497 • 3 km north-west of the Hidden Valley Plant site • Reconnaissance rock chip samples with assays up to 5 g/t Au • Watut - HV structural setting • Major high tenor stream sediment anomaly • No previous drilling 0 2 Kilometers
Slide 21: Conclusion
Conclusion 1. Wafi-Golpu – World Class District - emerging exploration story 2. Hidden Valley-Wau District MINE DEVELOPMENT - potential for additional mining fronts Hidden Valley PREFEASIBILITY Project Wafi Golpu Project 3. High quality exploration Golpu Porphyry Cu/Au RESOURCE DEFINITION Hidden Val
Slide 22: Em Tasol
Em Tasol