Slide 1: Kisladag Mine Phase IV Expansion
Kisladag Mine Phase IV Expansion 1
Slide 2: History of Resource and Reserve Development
Kisladag Phase IV Expansion History of Resource and Reserve Development Resource Reserve Year Tonnes Grade Ounces Tonnes Grade Ounces Au Price Ending 2011 579,860 0.65 12,055 459,870 0.71 10,516 $1,250 2010 559,155 0.68 12,189 429,334 0.74 10,231 $1,000 2009 421,249 0.78 10,273 217,470 0.97 6,816 $8
Slide 3: Considerations For Phase IV Development
Kisladag Phase IV Expansion Considerations For Phase IV Development Conventional Milling and Heap Leach Plant Throughput Optimization Mine Fleet Sizing Site Expansion Open Pit Rim Leach Pad Rock Dump Infrastructure Capital Cost Estimation Operating Cost Estimation 3
Slide 4: Methodology
Kisladag Phase IV Expansion Methodology Production Rate Selection Process Flowsheet Pit Shell Development Optimization Process Design Pit Design Criteria Production Plant Layout Schedule Equipment Selection Fleet Sizing Capital Costing Costing Operating Financial Model 4
Slide 5: Parameters for Phase IV
Kisladag Phase IV Expansion Parameters for Phase IV Expand throughput of fine ore production to average 25 mtpy Incorporate leaching of low grade Run of Mine ore on South Leach Pad at average 8 mtpy Electrification of Mining Operations 5
Slide 6: Projected Ramp Up for Phase IV Expansion
Kisladag Phase IV Expansion Projected Ramp Up for Phase IV Expansion Year M Tonnes Grade Ounces Mined Au G/t Recovered 2013 12.5 0.99 270,000 2014 23.8 0.95 348,000 2015 33.7 0.70 489,000 2016 34.6 0.76 539,000 2017 32.6 0.87 572,000 Cut Off Grade: 0.2 g/t Oxide 0.3 g/t Sulphide 6
Slide 7: Investment Capital Summary Phase IV Expansion
Kisladag Phase IV Expansion Investment Capital Summary Phase IV Expansion Description Capital Indirect Contingency Total Earthworks, Site Drainage, & Roads 7,348,743 1,272,171 1,716,966 10,937,879 Mining Equipment 127,546,577 7,652,795 7,142,608 142,341,980 Mine Truck Shop 2,592,000 155,520 533,952
Slide 8: Phase IV Capital Costs
Kisladag Phase IV Expansion Phase IV Capital Costs Owner 3,000,000 Contingency 34,735,936 Indirect 33,990,954 Mine Plant Mine Infrastructure Infrastructure 144,265,977 38,970,759 Indirect Owner Contingency Plant 99,013,075 8
Slide 9: Projected Phase IV Operating Costs
Kisladag Phase IV Expansion Projected Phase IV Operating Costs US $/T Operating Costs High Grade Low Grade Blended Mine Operating Costs - Ore 2.33 2.33 2.33 Mine Operating Costs - Material 1.54 1.54 1.54 Process Operating Costs - High Grade 3.84 2.94 Process Operating Costs - Low Grade 1.39 0.32 G&A
Slide 10: Kisladag Phase IV Expansion
Kisladag Phase IV Expansion 10
Slide 11: Rationale for Electrification of Mine Fleet
Kisladag Phase IV Expansion Rational for Electrification of Mine Fleet High Fuel Costs Long Haul Distances Ramp Design Haul Road Conditions Operator Skills Maintenance Skills Mining Cost Savings of up to 30 % 11
Slide 12: Plant Site Overview
Kisladag Plant Site Overview 12
Slide 13: The Overall Site Layout
The Overall Site Layout Kisladag Phase IV Expansion 13
Slide 14: Plant Expansion
Kisladag Phase IV Expansion Plant Expansion Gyratory Crusher Replacement Sandvik 61-109 Additional Secondary/Tertiary Crushing 5 Metso MP 1250 Additional Screening 4 Metso 4x8 Tertiary 1 Metso 3x7 Secondary Duplicate Materials Handling to Leach Pad 52” Conveying Equipment ADR Plant 12 Tonne Carbon T
Slide 15: Kisladag Phase IV Expansion
Kisladag Phase IV Expansion 15
Slide 16: Open Pit Expansion
Kisladag Phase IV Expansion Open Pit Expansion Retain Existing Mine Fleet 14 CAT 785 Haul Trucks 2 Hitachi EX3600 Shovels Expand Mine Fleet 40 Hitachi EH 4000 Haul Trucks 3 Hitachi EX5600 Shovels 2 La Tourneau L1350 Wheel Loaders Mine Dispatch System Electrification of Shovel Fleet Addition of Troll
Slide 17: Mine Equipment Capital Summary
Kisladag Phase IV Expansion Mine Equipment Capital Summary Equipment Units Delivery Unit Price Total HITACHI EH 3500 AC II - HAUL TRUCK 4 2013 $4,073,782 $16,295,129 HITACHI EH 3500 AC II - HAUL TRUCK 13 2014 $4,073,782 $52,959,169 HITACHI EH 3500 AC II - HAUL TRUCK 2 2015 $4,073,782 $8,147,564 P&H
Slide 18: Leach Pad
Kisladag Phase IV Expansion Leach Pad 18
Slide 19: Leach Pad Expansion
Kisladag Phase IV Expansion Leach Pad Expansion South Leach Pad Construct Phase VI for ROM Leaching Add Inter lift liner Convert Existing Pad for ROM Leaching North Leach Pad Construct new Fine Ore Leach Area 4.2 Km 2 566,000,000 Tonnes Construct new Solution Management System To be serviced by 42”
Slide 20: Rock Dump
Kisladag Phase IV Expansion Rock Dump 20
Slide 21: Rock Dump Expansion
Kisladag Phase IV Expansion Rock Dump Expansion South Rock Dump To be completed in 2016 then Reclaimed North Rock Dump Strip and grub Phase I Dump Area 4.9 Km 2 945,000,000 Tonnes Place Oxide Waste as sub grade Construct new exit from pit Construct new haul road 21
Slide 22: Kisladag Phase IV
) Kisladag Phase IV eldoradogold _
Slide 23: Infrastructure Expansion
Kisladag Phase IV Expansion Infrastructure Expansion Replace Mine Ancillary Buildings Administration Buildings Mine Truck Shop Mine Warehouse Install New ETL Powerline Replace Mine Services Water Sewer Communications Expand Water Treatment Facilities 23
Slide 24: Kisladag Phase IV Expansion
Kisladag Phase IV Expansion 24
Slide 25: Kisladag Phase IV Expansion
Kisladag Phase IV Expansion 25
Slide 26: Phase IV Progress to Date
Kisladag Phase IV Expansion Phase IV Progress to Date Engineering: Basic Engineering Package to be completed in October Procurement: Major Long Lead Mine and Plant Equipment Ordered Construction: Earthworks for Crusher Pad, Plant and Ancillary Facilities underway. Contracts: Supply and install contr
Slide 27: Phase IV Budget and Spending to Date
Kisladag Phase IV Expansion Overall Site 8,818,492 Mining 153,987,186 Crushing 103,541,017 Leaching 16,831,073 ADR 10,036,524 Budget Infrastructure 6,944,000 Committed Ancillary Facilities 7,059,780 Spent Off Site Infrastructure 6,049,920 Indirects 15,067,391 Spares / Warehouse Fills 4,238,486 EPCM
Slide 28: Implementation
Kisladag Phase IV Expansion Implementation 2011 2012 2013 2014 2015 Activity Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Permitting EIA Preparation EIA Processing Engineering Scoping Preliminary Engineering Detailed Procurement Mine Fleet Crushing and Screening Processing Overland Co
Slide 29: The End
Kisladag Phase Mine Site Overview Looking NW The End 29
Slide 30: Reserve Breakdown
Kisladag Reserve Breakdown 1,200 1.20 Tonnes 1.10 1,000 Grade (g/t) 1.00 0.90 800 0.80 0.70 600 0.60 0.50 400 Differential 0.40 98 Mt @ 0.38 g/t 0.30 200 0.20 0.10 - (0.00) (0.00) 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.45 0.50 0.55 0.60 30