Harmony Gold Mining Co. Ltd. · JSE:HAR
Harmony Gold Mining — PNG Mining & Petroleum Investment Conference, Sydney 2016
23 slides from Harmony Gold Mining's conference presentation, Dec 6, 2016
Slide 1: Wafi-Golpu Project
WAFI--GOLPU PROJECT A Greenfield Copper-Gold Project with a multi-generational value proposition BRYAN BAILIE EXECUTIVE PROJECT DIRECTOR PNG MINING & PETROLEUM INVESTMENT CONFERENCE, SYDNEY, 6 DECEMBER 2016 1
Slide 2: Disclaimer (Harmony)
Disclaimer Harmony Gold Mining Company Limited DISCLAIMER Forward Looking Statements These materials contain 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
Slide 3: Disclaimer (Newcrest)
Disclaimer Newcrest Mining Limited DISCLAIMER Forward Looking Statements This document includes forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”,
Slide 4: Disclaimer cont.
Disclaimer cont. Newcrest Mining Limited DISCLAIMER Ore Reserves and Mineral Resources Reporting Requirements As an Australian company with securities listed on the Australian Securities Exchange (“ASX”), Newcrest is subject to Australian disclosure requirements and standards, including the requirem
Slide 5: PNG, An Exceptional Copper-Gold Country
PNG, An Exceptional Copper-Gold Country Full endowment still to be realised WAFI-GOLPU PROJECT Grasberg CT Ok Tedi Frieda Simberi Porgera Lihir Yandera Kili Teke Wafi-Golpu Project Panguna 0 250 Kilometres Hidden Valley Mt Kare Development project Woodlark Operating mine Transfer fault Papua New Gui
Slide 6: Project Development History
Project Development History Realising value 1 28 – 35² years ¹Timeline and costs are estimates from the Stage One Feasibility Study and as such were prepared with the objective of being subject to an accuracy range of minus +-15%, based on the information then available. Subject to all necessary per
Slide 7: Mineral Resource
Mineral Resource Economically significant 1. For full Resource and Reserve declarations please refer to either www.harmony.co.za or to Newcrest’s Annual Statement of Mineral Resources and Ore Reserves as at 31 December 2015 at www.newcrest.com.au. Resource figures quoted on 100% basis. Data is 7 rep
Slide 8: Value Proposition
Value Proposition Multi-generational orebody 18.6moz gold Large resource 8.6Mt copper² Projected Long mine 28 to ~ 35 years³ life Projected Low Low copper cash operation cost cost Close to 65km South West Schematic cross section infrastructure of Lae 1 of Golpu porphyry 1 Cave wireframes are a repre
Slide 9: Development Strategy
Development Strategy Multi-staged 1st Deve Development 1-1: FS Base Case 1 • Block Cave (BC1), 4825RL • 3Mtpa 1st Dev Development 1-2: FS Base Case 2 • Block Cave (BC2), 4200RL • 6Mtpa Future EExpansion 2-1: Debottlenecking 1 • Block Cave C (BC2), 4200RL • 7Mtpa with relatively low capital increment
Slide 10: Expected Main Project Components
Expected Main Project Components Mine to port Tailings storage Process plant Twin declines Concentrate pipeline Block cave mine 10 Concentrate export
Slide 11: Expected On Mine Surface Infrastructure
Expected On Mine Surface Infrastructure Condensed footprint, low environment impact Decline Portal Services Area Waste Rock Terrace Process Plant Overland Conveyor Tailings T ili Storage Facility 11 11
Slide 12: Expected Underground Schematic 1st Development
Expected Underground Schematic 1st Development Lower risk, lower cost, earlier production 12
Slide 13: Tailings Management
Tailings Management Terrestrial / Deep Sea Tailings Placement • 25 TSF sites considered, 3 selected and further evaluated • Proposed TSF solution subject to further review and ongoing studies • Deep Sea Tailing Placement data collection and studies commenced 13
Slide 14: Infrastructure Requirements
Infrastructure Requirements Government funded • Bulk power generation - reliable and low cost, fundamental to project cash flow forecasts • Stable electricity transmission - secure and well maintained grid infrastructure • New access roads - to the mine site from Highlands Highway • Lae airport faci
Slide 15: Ongoing Studies
Ongoing Studies Risk reduction, design improvement Project Permitting In Progress Ongoing Ongoing data collection studies Holistic Risk Mitigation Improving Definition, Execution Planning 15
Slide 16: Current Focus
Current Focus Risk mitigation, improving technical definition Geotechnical Near term drilling program underway, followed by data interpretation interpretation Hydrology Refining hydrogeological models to improve interpretation Tailings Management Evaluating alternate Terrestrial Storage & Deep Sea T
Slide 17: Project Permitting
Project Permitting Early, ongoing engagement 17
Slide 18: Projected Timeline
1,2 Projected Timeline 60 months to 1st production³ 1 Indicative timeline from the Stage One Feasibility Study and as such were prepared with the objective of being subject to an accuracy range of minus ±15%, based on the information then available. 18 2 Subject to obtaining all necessary permits, G
Slide 19: National Content Plan
National Content Plan Critical success factor Workforce Development (preparing for operations phase) • Training – tertiary education and trades • Employment and operational readiness Supplier Development (construction & operational phase) • Optimise local procurement opportunity • Facilitate improvi
Slide 20: Engagement with Our Stakeholders
20 Engagement with Our Stakeholders • Regular community liaison • Government briefings – Local, Provincial and National • Project visits by community leaders and government officials • Regular employee briefings and updates • Capturing and responding to stakeholder grievances 20 • WGJV social media
Slide 21: Project Success Dependencies
Project Success Dependencies • Special Mining Lease and other relevant permits • Sustained Landowner and community support • Stable tax & regulatory environment • Leveraging PNG capability, service providers, local employment • Timely provision of infrastructure in support of a mining operation Bu
Slide 22: Closing Summary
Closing Summary Possible next major resource project • Attractive orebody – Large resource, long life & low cost • Subject to ongoing study – Work continues on Feasibility Study and Prefeasibility Studies in following areas; Tailings options Geotechnical drilling of orebody Hydrogeology Port
Slide 23: Any questions?
EM TASOL – DANKGE FARING Any questions? 23 You can email me at bryan.bailie@wafigolpujv.com
Harmony Gold Mining Company — PNG Mining & Petroleum Investment Conference, Sydney 2016 on 6ix