Pan African Resources Plc · LSE:PAF
Pan African Resources — Technical Presentation (July 2020)
22 slides from Pan African Resources's technical presentation, July 2020
Slide 1: Egoli Project Feasibility Study Presentation July 2020
Egoli Project FEASIBILITY STUDY PRESENTATION JULY 2020
Slide 2: Disclaimer and Forward Looking Statements
DISCLAIMER AND FORWARD LOOKING STATEMENTS The name 'Presenter' refers to Pan African Resources PLC and its advisors, subsidiaries or affiliated companies. This presentation has not been filed, lodged, registered or approved in any jurisdiction and viewers of this document should keep themselves info
Slide 3: Overview of Presentation
OVERVIEW OF PRESENTATION • Egoli Project - Overview > History and background > Highlights > Financial matrix • Development plan and mine design • Infrastructure • Way forward • Appendix 3
Slide 4: Egoli Project - Overview
PAN AFRICAN @ RESOURCES ) —— Egoli Project - Overview
Slide 5: Egoli Project – Overview: History & Background, Location
EGOLI PROJECT – OVERVIEW History & background Location • Harmony Gold previously exploited Evander Mines’ No.7 Shaft orebody, EGM Evander Gold Assets with development towards the Egoli orebody Evander Gold Mining Operation Evander Gold Underground Projects Evander Gold Tailings Projects > In 2009, d
Slide 6: Egoli Project – Overview: Highlights
EGOLI PROJECT – OVERVIEW Highlights • Long-life, low cost brownfields asset, capitalising on established infrastructure • Initial Life of Mine (LOM) of 9 years - annual gold production of approximately 72,000 ounces at an average head grade of 6,61g/t - based on current Measured and Indicated (M&I)
Slide 7: Egoli Project – Overview: Financial Matrix
EGOLI PROJECT – OVERVIEW Financial matrix • Materially lower capital investment when benchmarked against other development projects of similar scale • Compelling and robust economic returns: > Payback period from project inception – 3,8 years > NPV10,71 - R2,010 million ($131,25 million) > Project I
Slide 8: Development plan and mine design
Development plan and mine design
Slide 9: Egoli Project - Schematic
EGOLI PROJECT - SCHEMATIC • The Egoli orebody is approximately 1,75 km in tramming distance from No.7 Shaft > No.7 Shaft is currently utilised for hoisting run-of-mine material from No. 8 Shaft Pillar mining to the Kinross metallurgical plant > Proximity to No.7 Shaft results in better Mine Call Fac
Slide 10: Gold Production Profile (Current Reserves)
GOLD PRODUCTION PROFILE (CURRENT RESERVES)* *Potential to extend LOM to 14 years by converting Inferred Resources to Measured and Indicated Resources as underground development proceeds MCF = 85% PCF = 95% Gold Produced (kOz) 120 100 80 60 ’000 Oz 40 20 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Ye
Slide 11: Infrastructure
PAN AFRICAN@ RESOURCES ) —— Infrastructure
Slide 12: Utilising Existing Infrastructure
UTILISING EXISTING INFRASTRUCTURE • Upgrades to: > Change house and laundry > Offices and workshop • Refurbishment of: > Ventilation fan > Compressors > Lamp room > MV consumer substation > Security, fencing and access control Kinross Plant Fence 7 Shaft Complex Fence Access Roads 12
Slide 13: Way forward
PAN AFRICAN@ RESOURCES ) —— Way forward
Slide 14: Way Forward
WAY FORWARD • Development plan > Detailed project scheduling and planning – to be completed: Q1 FY21 • No.7 Shaft and Kinross Plant infrastructure: > Dewatering to commence: Q1 FY21 > Preliminary refurbishment: Q1 FY21 > Placing orders for long-lead equipment: Q2 FY21 > Commence with underground equ
Slide 15: Appendix
PAN AFRICAN@ RESOURCES ) —— Appendix
Slide 16: Evander Mines - History
EVANDER MINES - HISTORY • 1951 Evander goldfield discovered • 1956 Sinking of first shafts (Winkelhaak No.1 & No.3 Shaft) • 1958 (July) First gold pour Three other mining complexes developed afterwards namely: Leslie, Bracken and Kinross • 1996 Four mining companies consolidated to form Evander Gold
Slide 17: Evander Basin – World Class Orebody
EVANDER BASIN – WORLD CLASS OREBODY Pipeline of organic growth projects 17
Slide 18: Mineral Resources and Reserves Statement – Egoli Project
MINERAL RESOURCES AND RESERVES STATEMENT – EGOLI PROJECT Mineral Resources Category As at 30 June 2019 Mt Grade g/t Tonnes Au Moz Au Measured 0.44 8.60 3.8 0.12 Indicated 2.94 9.85 28.9 0.93 Total M & Ind. 3.38 9.69 32.7 1.05 Inferred 6.26 9.68 60.6 1.95 Total 9.64 9.69 93.3 3.00 • All Mineral Resou
Slide 19: Development plan and mine design
Development plan and mine design
Slide 20: Project Development Plan
PROJECT DEVELOPMENT PLAN To commence with operations at the Egoli Project will require: • Refurbishment of the existing Kinross gold processing plant, No.7 and No.7A vertical shafts and winders • Re-equipping of the 15 Level tramming path to access the No.3 Decline system and re-equip to 19 Level wh
Slide 21: Mining Layout
MINING LAYOUT Development Sequence • Main Development (Decline dip conveyor, No.3 Decline and East block Decline and Incline) > Use of a double boom electrohydraulic drill rig – broken rock hauled by LHDs to dip conveyor loading point > The No.3 Decline conveyor will tip broken rock into main declin
Slide 22: Mining Layout – Conventional Breast Mining
MINING LAYOUT – CONVENTIONAL BREAST MINING Stope establishment Crosscut dev = 6 mnth Raise Dev = 9 mnth Ledging (3 crews) = 3.8 mnth Total = 18.8 mnth 22
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