Harmony Gold Mining Co. Ltd. · JSE:HAR
Harmony Gold Mining — PNG Mining and Petroleum conference 2014
23 slides from Harmony Gold Mining's conference presentation, Dec 3, 2014
Slide 1: PNG Mining and Petroleum conference 2014
PNG Mining and Petroleum conference 2014 Mike Humphries: Executive General Manager – Exploration 3 December 2014 Harmony Gold Mining Company Limited Registration no. 1950/038232/06 Ticker codes: JSE (HAR), NYSE (HMY) www.harmony.co.za 1 w w w . h a r mw onwyw. c. hoa. zr m a ony.co.za PNG Mining and
Slide 2: Disclosure and Competent Person Statement
Disclosure and Competent Person Statement Private Securities Litigation Reform Act Safe Harbour 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, t
Slide 3: Agenda
Agenda 1 PNG exploration 2 Kili Teke – EL2310 3 Conclusion www.harmony.co.za
Slide 4: PNG Exploration Overview
a Vie PNG EXPLORATION OVERVIEW
Slide 5: PNG is an exceptional copper-gold province
PNG is an exceptional copper- gold province Grasberg Ok Tedi Simberi 109Moz Au, 38 Mt Cu 4.7Moz Au, 1 Mt Cu 6.2 Moz Au Frieda Lihir 21.1Moz Au, 12.9 Mt Cu 60.4 Moz Au Porgera 10.5 Moz Au Mt Kare 2.1 Moz Au, 18.4 Moz Ag Yandera 2.8 Mt Cu Wafi-Golpu 28.6 Moz Au, 9.0 Mt Cu Panguna 19.3 Moz Au, 5.3 Mt C
Slide 6: PNG resource and reserve growth
PNG resource and reserve growth • Exploring since 2003 90.0 82 • Well established teams 80.0 84.2 networks, systems of safe work 70.0 • Developing pipeline of quality Golpu targets for future growth 60.0 Extension discovery Gold equivalent (Moz) 50.0 49 2012 PFS Resource growth1: Nambonga • 12.6 Moz
Slide 7: Creating employment
Creating employment • 47 employees - 93% PNG national • 27 permanent staff: - 4 geologists • Operational hub at Mt Hagen • Flow-on work: - Helicopter - Drilling - Assay - Construction contractors 7 www.harmony.co.za PNG Mining and Petroleum conference December 2014
Slide 8: Safety is our top priority
Safety is our top priority • Approaching 4 years of Lost time injury free (1 428 days) • Training in systems awareness and embed foundation H & S tools − job safety environment analysis utilisation for all work − emergency management systems and communication protocol − hazard ID / risk assessment a
Slide 9: Our social footprint
Our social footprint Community affairs (CA) • Community projects underway − Measles vaccination facilitation − Community house / water catchment & storage • Local labour/ employment • Established community affairs guideline for CA staff − preliminary social mapping − community engagement and compens
Slide 10: Managing in-ground expenditure
Managing in-ground expenditure • Productivity – engagement model developed for regular structured interaction for community support – proactive approach to safety – environment - strict compliance (drill pad construction standards, baseline water sampling) • Helicopter utilisation – weekly forecast
Slide 11: Harmony PNG exploration portfolio FY15
Harmony PNG exploration portfolio FY15 Tenure Kili Teki EL2310 (100%) o Significant rationalisation year on year - HGEL reduced 73% to 1,125 km2 o Major Cu-Au porphyry target with major geochemical footprint and mineralisation styles similar to Ok Tedi - Morobe JV reduced 50% to 2057 km2 o High grad
Slide 12: Kili Teke - EL2310
Slide 13: Location and regional setting
Location and regional setting • 40km west of Porgera gold mine - roads located 14 km from the prospect • Papuan Fold Belt 12.9 Mt Cu, 21 Moz Au - world class metallogenic belt - prospective for porphyry Cu-Au, related Cu-Au skarn, and epithermal Au-Ag style mineralisation - young (<5 million year ol
Slide 14: Historic exploration
Historic exploration • Regional reconnaissance - 1986 CRA Exploration : 7.5 g/t Au returned from float in the lower Logaiyu River - 1995-1996 Placer: located altered intrusive and peripheral skarn - 2007 European Union: release of Highlands aeromagnetic survey (stage 1) • Prospect Development - 2009
Slide 15: Harmony exploration and results
Harmony exploration and results • EL2310 granted May 2014 • Work program 0.8 g/t Au 0.9 % Cu - Ridge and Spur soils (641 samples) 0.2 g/t Au 0.5 g/t Au 0.4 % Cu - Detailed fact mapping and 0.3 % Cu interpretation (8 square 0.2 g/t Au 4.7 g/t Au 0.4 % Cu kilometers) 1.9 g/t Au 4.9 g/t Au 9.4 g/t Au -
Slide 16: Prospect summary
Prospect summary Large scale Cu-Au footprint with high-grade zones: Ieru Porphyry (“IP”) • Structurally controlled mineralisation • Trenching: 132m @ 0.6 g/t Au, 0.5 % Cu • Soils: to 3.2 g/t Au, 0.2% Cu CMP Gold Ridge Anomaly (“GRA”) Mo GRA • 1km x 0.5km > 0.1 g/t Au. Soils to 9.4 g/t Au IP • Copper
Slide 17: Imaged magnetics – analytic signal
Imaged magnetics – analytic signal • Northeast trending faults • Magnetite skarn associated with Central CMP Mineralised Porphyry GRA • TZP composite IP porphyry as major discrete magnetic target • Limestone, thrusted and intrusive contacts TZP 17 www.harmony.co.za PNG Mining and Petroleum conferenc
Slide 18: Prospect geology
Prospect geology Veined and mineralised diorite porphyry (0.1 to 0.3 g/t Au, 0.1 to 0.2% Cu) Massive magnetite-sulphide ?skarn (0.6 to 3.4 g/t Au, 0.3 to 0.9% Cu) www.harmony.co.za
Slide 19: Prospect geology
Prospect geology Copper stained, gossanous, brecciated skarn outcrop from head waters of Yalopi creek (2.6 g/t Au, 2.7% Cu) www.harmony.co.za
Slide 20: Prospect geology
Prospect geology Ieru Porphyry trench with exposed mineralised diorite porphyry : 135m @ 0.6 g/t Au, 0.47% Cu incl: 21m @ 1.4 g/t Au, 1% Cu. Oxidised skarn float 40.5 g/t Au, 38.7% Cu KT003: veined sericite altered diorite porphyry. Interval shown 73-75m: 1.1 g/t Au, 0.6% Cu 20 www.harmony.co.za PNG
Slide 21: Conclusion
Slide 22: Worth investing in PNG
Worth investing in PNG PNG is hugely prospective for gold and-copper gold deposits Our exploration expenditure in PNG has reaped rewards − over 32 million quality ounces added to the resource base − low cost of discovery Favorable climate − availability of contractors and resources − completiv
Slide 23: Email: HarmonyIR@harmony.co.za
Email: HarmonyIR@harmony.co.za www.harmony.co.za 1. We are efficient miners 2. We fund our capital to ensure future growth and profitability 3. We are experienced explorers, mine developers and operators in emerging economies JSE (HAR) NYSE (HMY) 4. Golpu will develop into a world-class copper-gold
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