Harmony Gold Mining Co. Ltd. · JSE:HAR

Harmony Gold Mining — Mines and Money Asia 2017

13 slides from Harmony Gold Mining's conference presentation, Apr 5, 2017

  1. Slide 1: Driven by Excellence

    1 DRIVEN BY EXCELLENCE Mines and Money Asia 2017 © Harmony / 2017 Mike Humphries, EGM Geology JSE (HAR); NYSE (HMY) Market cap of between US$1bn to US$1.2bn (end Mar 2017)

  2. Slide 2: Where We Operate

    2 WHERE WE OPERATE South Africa Papua New Guinea Limpopo Mpumalanga Gauteng North West Free State KwaZulu- Natal Northern Cape Eastern Cape Western Cape 1 open pit mine 9 underground operations Golpu project (50:50 JV) © Harmony | 2017 1 open pit mine Multiple exploration areas (50% and 100%) Multip

  3. Slide 3: Quality Reserves (Gold Equivalent) Split

    3 QUALITY RESERVES (GOLD EQUIVALENT) SPLIT SA gold, 44%  Total reserves of 37.8 Moz1 16.8 Moz  Total resources of 107.6 Moz1 PNG copper as gold equivalents, 37% 14.1 Moz PNG gold, © Harmony | 2017 19% 6.9 Moz 1. Refer www.harmony.co.za for detail, Gold equivalent based on US$1150 oz Au, and US$3.0

  4. Slide 4: Our Strategy

    4 OUR STRATEGY Our Our strategic strategy pillars Achieving what we set out to do…  Safe mines are profitable mines – fatality rates improved  Operational excellence  Majority of mines achieving or exceeding their plans  Mining safe, profitable  Grade management – no mining below cut off  ounc

  5. Slide 5: Our Aspiration Is to Grow from 1.1 Moz to 1.5 Moz in Years

    13 11 OUR ASPIRATION IS TO GROW FROM 1.1 MOZ TO 1.5 MOZ IN 3 YEARS Growth possibilities  Expansion in PNG, SA and Africa  Golpu Stage 2  PNG exploration Ounces  Brownfields exploration (i.e. Kalgold) New / emerging business  Tshepong/Phakisa integration  Tailings re-treatment in Free State  G

  6. Slide 6: Exploration Growth

    6 EXPLORATION GROWTH • Focus on brownfields exploration at Hidden Valley and Kalgold • Quality early stage exploration targets • Major opportunity to unlock value from existing assets: ‒ leverage infrastructure ‒ create operational flexibility • Short conversion timeframe • Balanced with greenfields

  7. Slide 7: Kili Teke

    7 KILI TEKE • New discovery • 6.0 million equivalent gold ounce resource¹ Limestone (785 Kt Cu &1.8 Moz Au) Cover • Remains open at depth Dari • Remains open along strike to the Limestone southeast Marble Limit of inferred • Proven fertile porphyry camp in one of the resource610m worlds most prospec

  8. Slide 8: Golpu (50% Held) – A Quality High Grade Reserve

    9 GOLPU (50% HELD) – A QUALITY HIGH GRADE RESERVE Ore Gold Copper 1.8% Tonnes Grade Metal Grade Metal Golpu ‐ Stage 1 MT g/t Moz % Mt 1.6% Total probable ore reserves* 379 0.91 11.0 1.26% 4.78 Golpu (total) 1.4% 1.2% Cu wt (%) Grasberg 1.0% 0.8% Northparkes Ok Tedi 0.6% Namosi Batu Hijau OyuTolgoi 0

  9. Slide 9: Golpu (50% Held) - A Potential Game Changer

    9 GOLPU (50% HELD) - A POTENTIAL GAME CHANGER East West • Feasibility study results announced in Feb 2016 – robust returns on large block cave mine – staged development opportunities • Financial metrics of Stage 1*: Golpu 2005 resource area (yellow): 95Mt @ BC1 access 0.65 g/t Au, 1.4% Cu1 developme

  10. Slide 10: Solid Investment Case

    10 SOLID INVESTMENT CASE  Safer and more predictable production  Maintain increase in grade (mining closer to reserve grade)  Strong balance sheet, which allows for dividends (paid from profits only)  On track to produce in line with guidance (for a second consecutive year)  Growth (only acquis

  11. Slide 11: Contact Us

    11 CONTACT US © Harmony / 2017 www.harmony.co.za HarmonyIR@harmony.co.za Tel: +27 11 411 2314

  12. Slide 12: Private Securities Litigation Reform Act Safe Harbour Statement

    12 PRIVATE SECURITIES LITIGATION REFORM ACT SAFE HARBOUR STATEMENT This presentation contains forward-looking statements within the meaning of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, with r

  13. Slide 13: Competent Person Statement and Annexures

    13 COMPETENT PERSON STATEMENT AND ANNEXURES The information in the presentation that relates to Exploration Results was compiled by Mike Humphries. Mr Humphries is a full time employee of Harmony Gold Mining Company Limited. Mr Humphries is a member of the Australian Institute of Geologists and has

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