Slide 1: Bank of America South Deep Mine Visit
BANK OF AMERICA SOUTH DEEP MINE VISIT South Deep Gold Mine 07 March 2023 1
Slide 2: Agenda
AGENDA Agenda Venue Host Time Arrive at South Deep South Deep Twin Shaft Protection Services 08:00 - Benford Mokoatle Introduction and Refreshments Video Conference Room 08:00 08:15 Grant Webber Executive Induction Video Conference Room Francois van der Walt 08:15 08:45 Change into PPE Visitors Chan
Slide 3: Executive Induction
EXECUTIVE INDUCTION Francois van der Walt Page
Slide 4: Contents
CONTENTS 1 SOUTH DEEP OVERVIEW 2 PEOPLE AND CULTURE 3 SAFETY 4 ESG 5 BUSINESS PERFORMANCE 6 FINANCIALS 7 ASSET OPTIMIZATION 8 BUSINESS MODERNIZATION AND MINE OF THE FUTURE 4
Slide 5: Overview - South Deep Timeline
OVERVIEW - SOUTH DEEP TIMELINE 1951 1959 1961 1990 1995 Western Area Western Area applies Prospecting rights acquired Mineral Rights and land transfer to South Deep merges with Western Gold Mine for by JCICL over waterpan, South Deep Exploration Company Area Gold Mining Company Ltd. started producti
Slide 6: South Deep Overview
SOUTH DEEP OVERVIEW OREBODY LOM Mining South Deep focused on Mineral accounts Mineral Massive Resource Current LOM Reserve for ~65% of (inclusive) Elsburg (2023) (2023) Group’s ~ 73 years sedimentary 31.3Moz Mineral 57.3Moz reefs Resource Mineral Reserve ACCESS MINING METHOD 31.3Moz Operations acces
Slide 7: 2023 Strategy Review | June 2023
2023 Strategy Review | 07 June 2023
Slide 8: People and Culture
PEOPLE AND CULTURE 8
Slide 9: Key D&I Indicators
KEY D&I INDICATORS HDSA vs HDSA Mgt Females vs Females in Mgt 100% 100% 77% 79% 80% 74% 75% 74% 73% 75% 80% 62% 64% 59% 60% 55% 54% 54% 60% 50% 23% 23% 28% 33% 40% 40% 23% 23% 24% 25% 27% 27% 16% 17% 18% 19% 20% 20% 0% 0% 2017 2018 2019 2020 2021 2022 2023 2017 2018 2019 2020 2021 2022 2023 HDSA HDS
Slide 10: HR Strategy and Focus Areas
HR STRATEGY AND FOCUS AREAS HR Strategy 10
Slide 11: The Gold Fields Way – Implementation Pillars
THE GOLD FIELDS WAY – IMPLEMENTATION PILLARS Invested leadership: The active support and commitment of top leadership are Invested crucial for any culture change initiative. Leaders must champion the desired cultural leadership values and behaviors and lead by example. Culture aspiration and behavio
Slide 12: Safety
SAFETY 12
Slide 13: Safety Strategy
SAFETY STRATEGY At South Deep, we strive for Zero Harm to all our employees. The company strives to minimize hazards, eliminate serious injuries and fatalities in the working environment through; 1. Safety Leadership: By creating a caring and trusting culture, with regular engagements at all levels
Slide 14: Safety Strategy
SAFETY STRATEGY • To achieve the elimination of serious injuries and fatalities, everyone must believe that all incidents are preventable. South Deep Update | Benford Mokoatle | 07 April 2022
Slide 15: Our 2023 Safety Performance Lagging Indicators
OUR 2023 SAFETY _ PERFORMANCE LAGGING INDICATORS Significant improvement in the reporting and close out of High Potential Incidents. We have gone for ~3 years fatality free. We regret the loss of life on the 2nd of January 2024. We have introduced numerous safety programs aimed at eliminating
Slide 16: ESG
ESG 16
Slide 17: Delivery of the 2030 ESG Targets
DELIVERY OF THE 2030 ESG TARGETS SAFETY, HEALTH, 1 WELLBEING & ENVIRONMENT 2 GENDER DIVERSITY 3 STAKEHOLDER VALUE CREATION • Zero fatalities • Women employees 23Act 27%, 24BP 28% • Host community procurement 23Act 23.4%, 24BP 28% • Zero serious injuries • Women in leadership 23Act 33%, 24BP 30% • Ho
Slide 18: Delivery of the 2030 ESG Targets
DELIVERY OF THE 2030 ESG TARGETS 4 DECARBONISATION 5 TAILINGS MANAGEMENT 6 WATER MANAGEMENT • 30% net emission reduction from 2016 • Conformance to the Global Industry Standard • Water recycled/reused 23Act 78%, 24BP 83% baseline by 2030; 50% absolute emission on Tailings Management • Freshwater wit
Slide 19: Business Performance
Cry] Fieros BUSINESS PERFORMANCE 19
Slide 20: Current Mining Method and Mining Sequence
CURRENT MINING METHOD AND MINING SEQUENCE Multiple Cut Infrastructure Longhole stopes destress cuts Destress mining Cut Infrastructure and Destress mining Longhole Stoping Multiple Cuts and Footwall Infrastructure • The initial phase of mining consists of establishing • Longhole stopes are then mine
Slide 21: Design and Layout Evolution
DESIGN AND LAYOUT EVOLUTION Previous Design (Strike orientated SADs and Stopes) 1 Destress 2 Stoping SADs and stopes orientated along strike Stopes mined in the Destressing destress Cut Reef Updated Design (Dip orientated SADs and Stopes) shadow 1 Destress 2 Stoping Section view - Previous Design Se
Slide 22: Design and Layout Evolution
DESIGN AND LAYOUT EVOLUTION Extensive sidewall ejections Seismic damage limited to face Period In-Stope Pillar Sizes Direction of Advance Leads/Lags 2016 (OLD) 6m x 10m E–W 5m – 8m 2017 - 2019 8m x 20m E–W 12.5m – 17.5m (OLD) 2020 - 7m x 20m N–S 0m – 6m current (NEW) OLD (E-W) SAD Layout NEW (N-S) M
Slide 23: Journey to Operational Excellence YoY (2018–2028)
JOURNEY TO OPERATIONAL EXCELLENCE _ YoY (2018 –2028) Total Metres (Incl NMD) Tonnes Per LHS Rig & Stoping Compliance Stoping Compliance 18,000 3,500 17,500 2.5% 100% 1.4% 95% 16,000 3,000 15,000 90% Stoping Compliance % 14,000 2,500 12,500 85% 12,000 Tonne/Rig/Month Metres m/ empl 2,000 10,000 80% 1
Slide 24: Production Make-Up
PRODUCTION MAKE-UP Contribution per area 2017 2018 2019 2020 2021 2022 2023 2024 2025 Current Mine 54% 45% 40% 37% 30% 21% 16% 16% 13% NOW 46% 55% 60% 63% 70% 79% 84% 84% 87% 90-1A/BW Actual incl. 2023 2024 2025 6% 95-3W 18% 94% % Gold contribution in 2024 82% 95-2W 95-1W 6% 94% 4% 96% 5,58 5,67 14
Slide 25: Longhole Stope Drilling
LONGHOLE STOPE DRILLING UMM Operator Contracting Training Out
Slide 26: Financials
FINANCIALS 26
Slide 27: Net Cash Flow: Systemic Loss Making Prior to 2018
NET CASH FLOW_ SYSTEMIC LOSS MAKING PRIOR TO 2018 Net Cash (R'Million) 4 500 4 000 3 849 3 500 3 000 2 500 2 104 2 000 1 435 1 500 1 000 558 500 196 175 151 - -22 324 - 500 - 206 -1 000 - 814 - 838 - 804 -1 054 -1 130 -1 050 -1 500 -1 257 -2 000 -1 640 -1 762 -1 891 -2 500 “You never change things b
Slide 28: Asset Optimisation
ASSET OPTIMISATION 28
Slide 29: Asset Optimization: Initiatives Pipeline
ASSET OPTIMIZATION: INITIATIVES PIPELINE 2024 2025 2026 Projects ready for Implementation Projects in Evaluating (Scope & Cost Benefit) Waste Productivity Improvement Mine of the Future Reduction (Automation) Increasing Reduction of FRD1 & 2 Treatment Rates chilled water BP24: 100kt pa AO24 Target:
Slide 30: Business Modernisation and Mine of Future
BUSINESS MODERNISATION AND MINE OF FUTURE 30
Slide 31: Innovation and Technology: Towards Mine of the Future
INNOVATION AND TECHNOLOGY: TOWARDS MINE OF THE FUTURE IMPLEMENTED 2023 – Q2-2024 Q3 -2024-2025 BEYOND 2025 Rhino 100 Master driller CAS LVL 9 Tele Remote LHS Robotics Tele Remote Impact Breaker Nerve Centre 2.0 Tele Remote/Automated Trucks AI software on video Tele Remote LHD Network Coverage Connec
Slide 32: The Transformation Plan: Towards Mine of the Future
THE TRANSFORMATION PLAN: TOWARDS MINE OF THE FUTURE THE TRANSFORMATION PLAN THE GOAL. Drivers & Market Forces • NERVE CENTRE INFRASTRUCTURE & “Human & • WORLD-CLASS RIOC C Suite mandate (e.g. Digital, Ops TECHNOLOGY MATURE SELF BI Machine” Excellence, Industry 4.0) NERVE CENTRE • NERVE CENTRE ERGONO
Slide 33: Thank You
THANK YOU 33