Slide 1: Tropicana Gold Mine
Tropicana Gold Mine Duncan Gibbs – General Manager MAY 2014 JULY 2014
Slide 2: AngloGold Ashanti Ltd Disclaimer
AngloGold Ashanti Ltd Disclaimer Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs, cost savings and ot
Slide 3: Independence Group NL Disclaimer
Independence Group NL Disclaimer This presentation has been prepared by Independence Group NL (“IGO”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in IGO or as an inducement to make an offer or invitation with respect to those securities in any j
Slide 4: Tropicana Gold Mine – key facts
Tropicana Gold Mine – key facts Location: 330 km ENE of Kalgoorlie in Western Australia Ownership: AngloGold Ashanti Australia Ltd (70% and manager), Independence Group NL (30%) Production first half 2014: 253,423 oz Production Q1, 2014: 120,579 oz . AGA share 84,700 oz at a Total Cash Cost of US$49
Slide 5: Tropicana Management Team
Tropicana Management Team Duncan Gibbs General Manager Tropicana Belinda Bastow Manager Approvals/ Compliance/ Brad Catto Manager Mine Sustainability Geology Mike Di Trento Manager Processing Ryan Knuckey Manager Business Support & Services John Chow Manager Mining Craig Maxwell Manager Safety & Sec
Slide 6: Tropicana history
Tropicana history • Discovered August 2005 • Project approval November 2010 • New road (220 km from Pinjin to site) completed late 2011 • Sealed airstrip completed mid 2012 • Open pit mining started July 2012 • Plant commissioned Sept 2013, ahead of schedule and on budget 6
Slide 7: Tropicana ramp-up
Tropicana ramp-up Ramp-up • 95% availability (design) achieved in March 2013 • Achieving throughput rate > 5.8 Mtpa (nameplate) Recovery • Consistent with Bankable Feasibility Study Plant cost • In line with estimates Production Q1, 2014 • In line with budget 7
Slide 8: Processing flowsheet
Processing flowsheet 2500tph Capacity 64kt Capacity Duty/Standby P(80) 2mm Coarse Ore Stockpile HPGR Feed Bin Primary Secondary Crusher HPGR Crusher Over Size Ore Stockpile 41hr Residence 5.8 Mt/a 91% Recovery P(80) 75um Fine Ore Ball Mill Stockpile TSF CIL 8
Slide 9: Mining
Mining Macmahon Mining Contract ► Load and haul ► Short term planning ► Drill and blast ► MineStar FMS operation ► Grade control (Wallis Drilling) ► Bulk and selective mining ► Crusher feed ► Bulk TSF lifts ► Carey Mining (indigenous labour/equipment) Form of Contract ► Alliance structure – working
Slide 10: Mine geology
Mine geology Mine Geology i, Danra ree ) AA Lancs Waste Water Treatment Plant Interpreted Mineralisation a” Pit Boundary 2” Cross Section (Displayed Below) Mineralised Waste Area, 250 0 250 500 Metres Scale: 1: ,000
Slide 11: Fold Closures Influenced Shoot Geometries
Fold Closures Influenced Shoot Geometries HAVANA ¢ Stacked lodes in hinges ¢ Higher grade shoots ¢ Folds also localise post- mineralisation shears HAVANA SOUTH
Slide 12: Current Ore Reserve & Mineral Resource
Current Ore Reserve & Mineral Resource* * Please see Mineral Reserves and Ore Resources 2013 Report at www.anglogoldashanti.com for relevant competent persons report and JORC detail.
Slide 13: Current Life of Mine pit design
Current Life of Mine pit design
Slide 14: Potential expansion
Potential expansion Tropicana Boston Shaker Tropicana Cutback Havana Havana Deeps 2 [_|Measured HB indicated {_] Inferred BB Others Havana Deeps 1 14
Slide 15: Havana grade control drilling
Havana grade control drilling { 0.3 Au Envelope 13m @ 3.38g/t EOM Jan 2014 Surface 27m @ 5.1g/t inc 7m.@ 9.9g/t
Slide 16: Monthly Global Resource to Grade Control Reconciliation
Monthly Global Resource to Grade Control Reconciliation
Slide 17: Monthly Unplanned Dilution
Monthly Unplanned Dilution _Production Reconciliation Chain I Mineral Grade IM ing Mining Actual Procite Mining Plant Plant Resource Model — ControlModel 4 Design Com Feed He Accounted Grade | { Grade ) uf Grade Grade | Grade Grade Grade Grade Tonnage ) { Tonnage J it sees} + seoge |= _ Tonnage a To
Slide 18: Mine Call Factor
Mine Call Factor Mine delivered 3.02g/t vs Plant Accounted 3.00g/t (3.6Mt)
Slide 19: Gas pipeline project
Gas pipeline project • Improved domestic gas supply and pricing = window of opportunity • Gas removes exposure to diesel price volatility, reduces unit costs and ensures continuity of supply • If approved, first gas would be delivered in January 2016
Slide 20: Slide 20
Slide 21: AngloGold Ashanti Australia Exploration
AGA Australia ANGLOGOLD ASHANTI AUSTRALIA EXPLORATION
Slide 22: Australian exploration footprint
Australian exploration footprint • Tropicana Greenfields & Brownfields • Sunrise Dam – Brownfields • NSW - Greenfields SDGM TGM NSW Cu-Au 1000 km Current Projects Gravity Image of Australia 22
Slide 23: Tropicana & Sunrise Dam geological setting
Tropicana & Sunrise Dam geological setting ae Yj oe a n oe \ ALBANY FRASER N / OROC | ( ) AGA_Fraser_Project_Locaticn| sal Tropicana JV eal Sunrise Dam Tenements Ea Greenstone Belt Fe Granite (a) Tropicana Domain ea Fraser Domain | _ _| Tropicana Belt CL] TV Area of Influence oO Au Deposits 23
Slide 24: Tropicana exploration footprint
Tropicana exploration footprint Approx. 8,000km?2 tenement footprint. Exploration strategy comprises 3 key planks: ¢ New 3Moz Au stand-alone discovery ¢ 1Moz Au discovery within 50km of TGM ¢ Extension of TGM resource base Access to EPBC areas secured in Q1 2013, allowing exploration to commence in
Slide 25: Tropicana exploration
Tropicana exploration • Advances in geological understanding from geophysical, geochemical and drilling datasets combine to highlight key geological domains. • Madras (south) and Tumbleweed (north) domains very prospective. • Outside TGM ML’s in 2014 drilling focussed within core domains to progress
Slide 26: Tumbleweed — Phoenix Domain
-9,999 to 0.0001 0.0001 to 0.01 0.01 to 0.05 Tumbleweed — Phoenix Domain 0.05 to 01 01 to os ; os to pee Se Le ees + Prospectivity of domain clearly highlighted by drilling (aircore + limited RC) in conjunction with updated geological interpretations * Aircore and RC-diamond drilling continuing. i]
Slide 27: Tropicana Mine 3D Seismic Survey
Tropicana Mine 3D Seismic Survey Two previous seismic lines at TGM interpreted to image mineralisation at depth (down to 2km) TGM Footprint Vaal Reef 3D Seismic Survey Havana Deeps 2km
Slide 28: NSW exploration projects
NSW exploration projects • New South Wales Macquarie Arc porphyry Cu-Au belts host significant Au and Cu-Au deposits. Cadia-Ridgeway: 56.2 Moz Au & 10.7 Mt Cu Northparkes: 4.3 Moz Au & 3.0 Mt Cu Lake Cowal: 5.8 Moz Au • Major porphyry gold-copper deposits in the Macquarie Arc appear to be cont