Slide 1: Analysts Visit – Tarkwa Gold Mine
Analysts Visit Tarkwa Gold Mine May 2019
Slide 2: Forward Looking Statement
Forward Looking Statement Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. In particular, the forward looking statements in this document include a
Slide 3: Tarkwa Gold Mine Site Layout
Tarkwa Gold Mine Site Layout Akontansi Pit HME Workshops CIL Plant This is where you are …. Analysts Visit l Tarkwa Gold Mine | May 2019 3
Slide 4: Mine site infrastructure layout
Mine site infrastructure layout Presentation Title | Presenter Name | Day Month Year 4
Slide 5: Location & Summary
Location & Summary Located in the Western Region of Ghana 300km by road from Accra and 4km West of the town of Tarkwa The Tarkwa concession covers 208.25km² area Average annual temperature is 26.1°C and annual rainfall averages 1,680mm Estimated population in Tarkwa 175,868 as at 2017 DAMA
Slide 6: History
Tarkwa Gold Mine History Date Activity 1993 • Gold Fields signed a management contract with the Government of Ghana to operate the mine • Initial Tarkwa Phase I development completed for an open pit and heap leach operations. Mining 14.5Mtpa and 1998 processing 4.7Mtpa of heap leachable ore. • Minin
Slide 7: Why We Are Excited About Tarkwa
Tarkwa Gold Mine Why We Are Excited About Tarkwa… ●Magnificent ore body and infrastructure ̵ Free leaching conglomerate ore, Carbon-In-Leach processing plant with >97.0% recovery ̵ 9.9Moz resources @ 1.08g/t as at December 2018 ̵ 5.8Moz reserves @ 0.92g/t as at December 2018 (Ex pit reserves is 4.7M
Slide 8: Management Team
Management Team Stephen Osei-Bempah – General Manager George Hagan - Mining Manager BSc. & Pg. Diploma in Mining Engineering Pg. Diploma - Mining Engineering 27 years experience 31 years experience Godfred Avane – Geology Manager Henry Mensah Atakora– Met. Manager MSc. Geological Engineering BSc. Me
Slide 9: Management Team
Management Team Martha Appiah Mensah – HR Manager Christian Debrah – Environment Manager BSc. Human Resource Management, Pg.D BSc. Chemistry, M. Phil (Analytical Chem.) 17 years experience 29 years experience Kwame Ako – BI Manager Kwasi Okai Mickson – Finance Manager BSc. Civil Engineering, Pg. Cer
Slide 10: Health & Safety
Health & Safety Injuries and TRIFR Trend: 2010 - 2019 70 1.2 Safety Initiatives 1.11 • Take 5…For Safety Campaign in progress 60 • Injury Free Day Campaign 62 • Risk Observation exercise 1 • Mandatory alcohol and speed checks 50 • Weekly HOD and Departmental Walkabouts & 0.83 feedback session Record
Slide 11: Production Overview
Production Overview Mined Tonnes Milled Tonnes 150 137.5 25.0 Mined Tonnes (Mt) Milled Tonnes (Mt) 19.3 101.4 101.2 103.8 20.0 100 87.5 89.7 85.5 13.8 13.7 15.0 13.6 13.5 13.6 13.5 10.0 50 5.0 0 0.0 2013 2014 2015 2016 2017 2018 2019 2013 2014 2015 2016 2017 2018 2019 Mined Tonnes Milled Tonnes Gold
Slide 12: Mineral Resource Declaration
Mineral Resource Declaration December 2018 Resource Statement Measured – by Source Indicated Inferred Total Mineral Resource Area Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold (000 t) (g/t) (000 oz) (000 t) (g/t) (000 oz) (000 t) (g/t) (000 oz) (000 t) (g/t) (000 oz) Open P
Slide 13: Mineral Reserve Statement
Mineral Reserve Statement December 2018 Mineral Reserve Statement – SAMREC Classified Mineral Reserve Proved Probable Total Reserve Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold Mining Area (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) OPEN PIT Akontansi 18,523 1.09 651 64,888 1.14 2,37
Slide 14: Geology
Tarkwa Gold Mine Geology Ore Waste KOTTRAVERCHY ABOSSO Internal Waste APINTO AKONTANSI PEPE Capital Waste AVS HUNI SANDSTONE MANTRAIM TARKWA PHYLLITE N BANKET GROUP BIRIMIAN BASEMENT A CDE F2 G Reef Zones Analysts Visit l Tarkwa Gold Mine | May 2019 14
Slide 15: Contract Mining: Tarkwa LOM Active Mining Areas
Contract Mining Tarkwa LOM – Active Mining Areas ●Split into 2 zones to spread the risks Kottraverchy Pit + Pepe ●Zone 1: Pepe, Teberebie and Mantraim ̵ 38Mt (5 years average) Akontansi Pit ●Zone 2: Akontansi and Kottraverchy ̵ 47Mt (5 years average) Teberebie Analysts Visit l Tarkwa Gold Mine | May
Slide 16: CIL Processing Plant
Tarkwa Gold Mine CIL Processing Plant Primary (54” x 75” and 50” x 65” Gyratory), Secondary (2x S6000 Gyratory) and Tertiary (6x H4000 Hydrocone) crushing circuit 14 MW SAG Mill (2x 7MW) Leach Tanks Gravity Circuit 14 MW Ball Mill (2x 7MW) Gravity Circuit 1x common Leaching Tank + 2 parall
Slide 17: CIL Process
CIL Process CIL PLANT INFORMATION ROM ore Cluster Cyclones Primary Coarse ore Recycle ROM ore crusher 1 crusher Stockpile Discharge Screen Trash SAG Mill Ball Mill Screening Primary Crusher 2 Scalping 2 x Sec. Crusher sreen 3x Knelson Acacia Leach Concentrators Process Crushers Teetiary. 6x 3 x Thic
Slide 18: Tailings dams
Tailings dams ● Tarkwa operates 4 active engineered TSFs namely, TSF 1, 2, 3 and 5. TSF 3 will be decommissioned by the end of 2019 ̵ TSF 1, 2 and 3 are upstream, TSF 5 is downstream NORTH HEAP LEACH PADS ● The TSFs are designed by specialist tailings dam consultants and audited by the Engineer on T
Slide 19: Sustainable Development: About US$44.8M Invested
Tarkwa Gold Mine Sustainable Development: About US$44.8M Invested • About US$8million has been spent on Development Education Education • Apprenticeship training in mine Skills • 52 basic schools related skills • 400 classrooms • Apprenticeship in traditional • Over 1,381 scholarship beneficiaries t
Slide 20: Exploration
Exploration A total of 5,121.6m of paleo-placer exploration drilling were completed at Underlap, Pepe West and Pepe North. Underlap North Extension Pepe Nth • A total of 12 holes (2,713m) out of 23 holes planned were completed in Q1 2019. Underlap Nth Ext • Significant results; 7.3m @ 1.60g/t, 8.6m
Slide 21: Thank you
Thank you