Harmony Gold Mining Co. Ltd. · JSE:HAR
Harmony Gold Mining — Technical Presentation (September 2012)
33 slides from Harmony Gold Mining's technical presentation, Sep 25, 2012
Slide 1: MMJV Exploration
MMJV EXPLORATION Conrad Palaulo Analyst site visit 25 September 2012 1 w w w . h a r mw onwyw. c . hoa. zr m a ony.co.za
Slide 2: Safe Harbour Statement and Competent Person Statement
Private Securities Litigation Reform Act Safe Harbour Statement and Competent Person 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 int
Slide 3: MMJV vision, mission and objectives
MMJV vision, mission and objectives Vision statement Strategic objectives / context • Creating a world class mineral province in • Growth of the mineral resource base PNG through focused exploration – Hidden Valley: Expand resources to replace mining depletion and support expansion, displace low-gra
Slide 4: Agenda
Agenda 1 PNG overview 2 MMJV exploration Wafi-Golpu and Wafi-Transfer district 3 (Kesiago | Zimake) 4 Hidden Valley – Wau District (Kerimenge | Project Generation) 5 Regional exploration (Garawaria) 4 www.harmony.co.za
Slide 5: PNG overview
PNG overview An exciting investment proposition 5 www.harmony.co.za
Slide 6: Papua New Guinea – a world class opportunity
Papua New Guinea – a world class opportunity Belt pedigree • Production in excess 2.1 Moz Au and 160 Kt Cu annually • 11th largest gold producing country in the world • Project resources of 50 Moz Au, 24 Mt Cu under consideration for development • Undergone a resurgence in exploration Favorable oper
Slide 7: MMJV Exploration
MMJV Exploration An exciting investment proposition 7 www.harmony.co.za
Slide 8: Morobe Mining JV Resource Inventory
Morobe Province Morobe Mining JV Resource Inventory¹ 100 • Developing World Class mineral province 90 • Under-explored Excellent • Ongoing exploration investment converting to resource ounces brownfield and 80 greenfield • Demonstrably one of the most prospective tenement holdings in PNG opportuniti
Slide 9: MMJV land position
MMJV land position • 11 Granted ELs; 2 810km² • 5 Renewal Els; 1 142km² • 5 EL Applications; 1 292km² • 1 Granted ML; 41km² • Total MMJV Tenure; 5 386 km² EL: Exploration licence 9 www.harmony.co.za
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 and prospect identification – Stream sediment s
Slide 11: MMJV exploration
MMJV exploration • 187 employees – 20 National geologists – Support professionals in database/ Geographic information system, safety, community affairs and logistics • 70% local employment with flow-on benefits to local communities – Training – In excess of 150 Locals employed through drill contract
Slide 12: MMJV exploration portfolio
MMJV exploration portfolio Operations • Sustaining and improving HIDDEN VALLEY OPERATIONS Development OPERATIONS • Unlocking value Discovery WAFI/GOLPU • Creating opportunities DEVELOPMENT HIDDEN VALLEY WAFI – WAU DISTRICT TRANSFER Regional ZONE DISCOVERY 12 www.harmony.co.za
Slide 13: FY13 exploration targets
FY13 exploration targets Wafi Transfer • 8 000m drilling – Upside potential in the Wafi-Golpu system – Kesiago, Mt Tonn, Zimake – Regional target generation Hidden Valley-Wau district • 6 400m drilling – Kerimenge, Heyu, Limestone – Target generation focused Upper Watut, Kerimenge and escarpment str
Slide 14: Wafi-Golpu and Wafi-transfer district
Wafi-Golpu and Wafi-transfer district An exciting investment proposition 14 www.harmony.co.za
Slide 15: Wafi transfer zone
Wafi transfer zone • Excellent prospectivity for major porphyry Cu/Au Systems and related epithermal Au mineralisation • Regional exploration programs currently focussed at Zimake, Mt Tonn, and Kesiago • 25km trend • High tenor, cohesive gold surface geochemical anomalies • Little to no previous exp
Slide 16: Kesiago prospect
Kesiago prospect • Located 3 km southwest of Wafi-Golpu • Recent Kesiago drilling with multiple alteration and mineralisation events • Drill coverage with significant gaps and understanding continues to develop • Imaged alteration (potassic + intermediate argillic) highlights system potential 5km of
Slide 17: Kesiago section: simplified geology and structures
Kesiago section: simplified geology and structures 337.4m@ 0.3 g/t Au from 42.6m Overprinting alteration and mineralisation events evident ? 438.0m @ 0.39 g/t Au from surface Incl. 246.0m @ 0.61g/t Au from 0.0m ? 121m @ 0.2g/t Au from 498m ? Results Pending 17 www.harmony.co.za
Slide 18: Kesiago prospect: KDH09 – 122.5m
Kesiago prospect: KDH09 – 122.5m Alteration • Biotite (potassic) altered metasediments with crosscutting base metal carbonate veins Au Ag Cu Pb Zn Hole_ID From To (g/t) (g/t) (ppm) (ppm) (ppm) KDH09 122 123 0.69 5.09 769 396 1 180 18 www.harmony.co.za
Slide 19: Kesiago prospect: KDH10 – 384.7m
Kesiago prospect: KDH10 – 384.7m Alteration • Biotite (potassic) altered metasediments; brecciated and overprinted by illite, sericite, pyrite (intermediate argillic alteration) 19 www.harmony.co.za
Slide 20: Zimake
Zimake • Three drill holes for 1 900m completed Q1 • Drill assays pending but initial results include broad anomalous zones • ZIM001 – 50m @ 0.2g/t Au, 815 ppm Cu from 295m – 60m @ 0.26 g/t Au, 928 ppm Cu from 481m 20 www.harmony.co.za
Slide 21: Hidden Valley – Wau District
Hidden Valley – Wau District An exciting investment proposition 21 www.harmony.co.za
Slide 22: Hidden Valley – Wau district
Hidden Valley – Wau district • Gold rich district, endownment >8Moz • Portfolio of highly prospective exploration targets within 10km radius of Hidden Valley Plant • Current focus – Kerimenge – Upper Watut soil geochemistry – Limestone Endownment includes significant portion of alluvial mining and h
Slide 23: Kerimenge
Kerimenge • Located approximately 6km northeast of the Hidden Valley Deposit • Discovered by RGC through stream sediment sampling in 1984 • Intensive drilling between 1988 &1991 – 128 holes completed for 15 362m – Mineralisation defined over 700m of strike, with some isolated intercepts to the south
Slide 24: Kerimenge deposit
Kerimenge deposit Historic resource: 15 Mt @ 1.8 g/t for 750Koz • Resource not reportable with issues including – Geometry and grade continuity of the stockwork mineralisation – Refractory mineralisation in fresh rock • Current drilling – Drilling at depth and along strike for a step change in the g
Slide 25: Kerimenge QD148
Kerimenge QD148 • Drilling completed with assays pending • Initial hole to test below QD 85 for high grade feeder structure • Several zones of alteration accompanied by carbonate base metal veining • Pervasive sericite altered metasediments in intersected over bottom interval 25 www.harmony.co.za
Slide 26: Hidden Valley district – project generation
Hidden Valley district – project generation 26 www.harmony.co.za
Slide 27: Regional exploration
Regional exploration An exciting investment proposition 27 www.harmony.co.za
Slide 28: Garawaria – regional setting
Garawaria – regional setting • Located 54km southwest of Hidden Valley • One of the largest, highest order Au anomalies ever developed on the Morobe tenement package • +1 500m open ended anomaly with assays up to 3.4 g/t in soils • Regional geochemistry indicates fertile transfer – Ipi River interce
Slide 29: Garawaria – Au surface geochemical footprint
Garawaria – Au surface geochemical footprint Wafi-Golpu Hidden Valley Garawaria 29 www.harmony.co.za
Slide 30: Garawaria
Garawaria Work program 1. Initial trenching for optimising drill direction and geology – +1 g/t Au in bedrock from all trenches with some outstanding assays returned – High temperature acid clay alteration confirms epithermal nature and potential for porphyry copper gold mineralisation 2. Drill pad
Slide 31: In conclusion
In conclusion An exciting investment proposition 31 www.harmony.co.za
Slide 32: Exploration summary
Exploration summary Wafi-Golpu • Drilling continues to develop orebody knowledge and highlight excellent potential to expand the resource base Hidden Valley-Wau district • Mineralisation model developed for satellite deposit exploration, with work currently focussed at Kerimenge for high grade miner
Slide 33: An exciting investment proposition
Henrika Basterfield Investor Relations Manager Tel: +27 (0)11 411 2314 Mobile: +27 (0)82 759 1775 Email: henrika@harmony.co.za Marian van der Walt Executive: Corporate and Investor Relations Tel: +27 (0)11 411 2037 Mobile: +27 (0)82 888 1242 Email: marian@harmony.co.za An exciting investment proposi
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