Slide 1: Gold Fields growth strategy presentation
Goodmorningladiesandgentlemen,today’spresentationwill Good o g ad es a d ge t e e , today s p ese tat o focusonGoldFields’growthstrategy.Wehaveatargetof5m ozperyear,eitherinproductionordevelopmentby2015. Thepresentationprovidesaroadmaponhowweintend gettingthere,whydiscoverymatterstothestrategyandals
Slide 2: Forward-looking statements
Idrawyourattentiontooutforwardlookingstatementsand d a you atte t o to out o a d oo g state e ts a d giventhatthisisongrowththestatementbecomesallthe morerelevant. 2
Slide 3: F2010 results and investment case
GoldFieldsrecentlyannounceditsF2010yearendresults.A summaryofthekeyindicatorswillprovideagoodintroductionto ourgrowthstrategy.Inaddition,ourperformancesupportsthe investmentcaseforGoldFields,whichIhavecombinedfor purposesofthispresentation. Intermsofarisingproductionprofile,attributableproductionwas
Slide 4: NCE margin performance for year ended June 2010
Thisgraphneatlysummarises s g ap eat y su a ses ou ourperformancefortheyear pe o a ce o t e yea endedJune2010intheonemetricthatcountsthemost– cashflowgenerationorNCEmargin.Notonlyhavewe capitalisedonhighergoldpricesbutwehavecontainedour costsanddrivenvolumegrowth.Weintendtocontinuethis trend in 2011
Slide 5: South Deep production build-up
SouthDeepisakeyassetforGoldFieldsandtheflagship Sout eep s a ey asset o Go d e ds a d t e ags p growthprojectinSouthAfrica.Theproductionbuildupis ontrackandwearewellplacedtodelivertherequired volumetoachievefullproductionofbetween750kozand 800kozbyDecember2014.ProductionatSouthDeepfor 2011 is estima
Slide 6: South Deep critical path items
Thetableoutlinesthecriticalpathitemsintermsofdelivering e tab e out es t e c t ca pat te s te s o de e g SouthDeep.Wearemanagingcapitalefficientlybymeeting budgetsandwherepossibleshowingsignificantsavings.We arealsoapplyinginnovativesolutionstohelpderisk commissioningdates. More importantly, this pr
Slide 7: Group strategy: three core pillars
OurachievementsinF2010andbeyondaredrivenbyGold Ou ac e e e ts 0 0 a d beyo d a e d e by Go d Fields’groupstrategy.Thethreecorepillarsofourstrategy areunderpinnedbyanunhedgedpositionandcollectivelyaim toachievefreecashflow. Thepillarofsweatingourassetsisaboutourexistingportfolio of assets with the nu
Slide 8: Target of five million ounces per year by 2015
Wearetargetingfivemillionouncesperyear,inproductionor e a e ta get g e o ou ces pe yea , p oduct o o indevelopment,by2015.ThegoalisforSouthAfricato contributeatleast2mouncestothistarget,andforthe internationalregionsi.e.SouthAmerica,AustralasiaandWest Africatoeachcontributeabout1mattributableouncesp
Slide 9: Growth through exploration, not M&A heroics
Weintendgrowingthroughexploration.Thisdoesnotmean e te d g o g t oug e p o at o s does ot ea thatwewillnotacquireassets.Itmeansthatwewillnot engagein“M&AHeroics.”OurM&Astrategyistherefore opportunistic.Wewillconsiderinvestmentsinproducing assetsandlatestagedevelopmentprojectswhicharevalue accretive.
Slide 10: Exploration programme and regional growth results
Ourexplorationprogrammeisfocusedondeliveringourregional growthtargetsof1mattributableouncesfromeachoffshore h f b bl f h ff h regionandhassofaryieldedresults: InSouthAmerica,togetherwithourpartner,Buenaventura,the explorationprogrammehasleadtoanewdiscoveryinsouthern Peru– calledChucapaca.Injust18mon
Slide 11: Chucapaca flagship growth target in South America
C ucapaca istheflagshipgrowthtargetinSouthAmerica. Chucapaca s t e ags p g o t ta get Sout e ca GoldFieldsholds51%andBuenaventura49%ofa12,700Ha jointventure.It’sthetenementsinthisslide,whichare shownindarkgreen.Inadditiontothis,GoldFieldsowns outrightanumberofadditionaltenements,whichareshown in red
Slide 12: Chucapaca targets and Canahuire resource
C ucapaca actua Chucapaca actuallyconsistsof4targetsandtheresourceof y co s sts o ta gets a d t e esou ce o 5.6mozeqrecentlyannouncedrelatestotheCanahurie target. Wehavecompletedover22,000mofdrillingontheCanahuire discoveryandworkontheotherthreetargetswillbe completedduringtheyear. Initialscopingstu
Slide 13: Canahuire resource blocks above 1 g/t
Thisslideshowsallblocksintheresourcethatareabove1g/t. s s de s o s a b oc s t e esou ce t at a e abo e g/t Theareainblueisthepitwe’vefloatedandasyoucansee fromthecolouredsquares,themajorityofthemineralisation optimises. Thereisahighgradeshootplungingtothewestwherewe There is a high grade shoot plung
Slide 14: Cerro Corona expansion opportunities
WealsohavetwoexpansionopportunitiesatCerroCorona, e a so a e t o e pa s o oppo tu t es at Ce o Co o a, whichisourproducingmineinPeru. Thefirstistheoxidestockpiletreatmentproject.Theoxide capthatwasremovedwhenwecompletedtheinitialstripat CerroCoronahasbeenstockpiledandwearebusywiththe feasibility stu
Slide 15: Australasia exploration investment
MovingontoAustralasia. o g o to ust a as a GoldFieldshasmaintainedarobustandincreasingexploration investmentinAustralia.Wefocusonnewexplorationand investedalmost$60millionlastyear. WiththiscommitmentwehavebeenabletojustifytheLefroy MillatStIvesandmorerecentlydiscoverthegrowingArgo Athenacamp. Thisso
Slide 16: St Ives world class gold camp
StIvesisaworldclassgoldcamp.Therehasbeenover10Moz St es s a o d c ass go d ca p e e as bee o e 0 o producedfromStIvesandwehaveover5millionouncesin resource. Withthishistoryitisincrediblethatwecanstillmake significant new discoveries such as the ArgoAthena significantnewdiscoveriessuchastheArgo Athen
Slide 17: Argo Athena camp
TheArgoAthenacampcomprisesanumberofmineralised e go t e a ca p co p ses a u be o e a sed shearsandalreadyhasaknownanddefinedendowmentof over3.5Moz. Contrarytoourpreviousexplorationmodelthebest mineralisation at Athena and Hamlet is hosted in the basalts. mineralisationatAthenaandHamletishostedintheb
Slide 18: Athena underground mine development
TheAthenaundergroundmineisonscheduleforminingto e t e a u de g ou d e s o sc edu e o g to commencelaterthisyear,andforfullproductionin2011. Ascanbeseeninthepictures,thedeclineandorebody developmentisontrackforaDecemberstartup. Theundergrounddefinitiondrillingshownhereismostly complete and we are ope
Slide 19: Hamlet inferred resource and Yorick
AtHamlet,weannounceda1MozinferredresourceinMay t a et, e a ou ced a o e ed esou ce ay andwearecurrentlyinfilldrillinganddrillingbeneaththe resource. Theorebodyisclearlyopeninthatdirectionwith8m@10g/t, 7m @ 7g/t and 12m @ 8g/t. 7m@7g/tand12m@8g/t. Hopefullynextyearwewillbeabletoshowdevelopmentinto th
Slide 20: Agnew mine reserves and resources
Agnewhasbeenthesilentandconsistentperformer. g e as bee t e s e t a d co s ste t pe o e Theminehasreservesandresourcesinexcessof3.5Moz. ThisyearwehavedrilledtheextensionofKim,beneaththe Waroongaopenpit,andextendedthemineralisationby another 500m to 1,200m below surface. another500mto1,200mbelowsurfa
Slide 21: Kim extension drilling at Agnew
Hereyoucanseethedrillingthathasbeencompletedto e e you ca see t e d g t at as bee co p eted to extendKimtodepth. ThedrillshavenowmovedtotheMainNorthLodedrillout. GoldFieldsnearmineexplorationstrategyatStIvesand Gold Fields near mine exploration strategy at St Ives and Agnew– hasreplacedandinfactgrow
Slide 22: Mali and the Yanfolila project
MovingontoMaliandtheYanfolila o g o to a a d t e a o a p project,whichisthe oject, c st e productoftheGlencaracquisitionandisthecorefocusof growthintheregion. ItisawellendowedregioninSouthernMalicoveringalarge landholdingof1600sqkmandislocatednearpower,good roads, water and infrastructure. roads,wat
Slide 23: Komana East and West targets
AtKomanaEastandWest,whicharetheflagshiptargetsof t o a a ast a d est, c a e t e ags p ta gets o thisproject,6newtargetsweredrilledindicatinggold mineralisationnearsurfaceandinoxidematerial. Moreimportantly,thesedepositslendthemselvestoshallow, More importantly, these deposits lend themselves to shal
Slide 24: Komana East drill results
WithregardstotheKomanaEastdepositspecifically, t ega ds to t e o a a ast depos t spec ca y, 70%of 0% o theresultsindicatenearsurfacegoldmineralisation. Therearethreemainzoneswhichshowhighgradeshoots withinoxidemineralisationandareopentothenorth,south andatdepthwith53m@6.5g/t,28m@11g/t&20m@ 21g/t. 24
Slide 25: Damang Mine brownfields exploration in Ghana
AttheDamang t t e a a g MineinGhanawehaveabrownfields e G a a e a eab o e ds explorationprogrammeunderway. Theemphasissofarhasbeenonextensionaldrillingtothe southofthemainDamang Mineandbetweensomeofthe smallersurfacemines.Thisfocuswasinfluencedbythe commissioning of the secondary crusher, which will
Slide 26: Greater Damang and Greater Amoanda projects
TheGreaterDamang e G eate a a g Projectextendsforabout5kilometers oject e te ds o about 5 o ete s whileGreaterAmoanda extendsfor2kilometers Theobjectiveduring2011istoadvancetheGreaterDamang Projectwithadditionalinfilldrillingtosupportafeasibility studydecisiononanenlargedsurfaceminingoperation. 26
Slide 27: Funding growth from internal cash flows
WithaNetDebt:EBITDA t a et ebt ratioof0.41andacomfortable at o o 0 a d a co o tab e maturityprofile,GoldFieldsiswellplacedtofunditsgrowth frominternalcashflowsandfacilitieswithouttappingthe equitymarkets.Timingisalsoinourfavourwithmanyofthe projectsreachingdecisionstagewhenSouthDeepisatfull producti
Slide 28: Strategic objectives for 2011
Withthelongtermgoalclear,eachyearintheleadupto t t e o g te goa c ea , eac yea t e ead up to 2015willfocusonachievingthisgoal.Tothisend,thereare 4strategicobjectivesthatwewillfocusonin2011.InSouth Africa,wewillseektosteadyproductionatKloof, DriefonteinandBeatrix.Thiswillbeachievedontheback of the si
Slide 29: Investor Relations
Investor Relations ki kilig- yn ol oo Nikki Catakls-Wagne ot ae te \ at Head of investor Relations Coe) (office) #27 11 $62 97 tomas 500 boo 1108 } (mobile) +27 83 309 672 foltpe) £08 30 108 a fokki Catraxiks -wagnergok willie jacobsziafexpl.com Fievos 29