Gold Fields Limited · JSE:GFI
Gold Fields — Asanko Gold — Corporate Update (May 2019)
18 slides from Gold Fields's corporate update, May 2019
Slide 1: The Asanko Gold Mine Joint Venture
The Asanko Gold Mine Joint Venture ROB SLATER EVP Strategy, Asanko Gold Inc (TSX/NYSE: AKG)
Slide 2: Forward Looking Statement
2 Forward Looking Statement This document has been prepared by Asanko Gold Inc. (the “Company”) solely Under Canadian rules, estimates of “inferred resources” may not form the basis of for informational purposes. This presentation is the sole responsibility of the feasibility or pre-feasibility stud
Slide 3: Site Visit Timetable
Site Visit Timetable Time Event 8.30 Guests arrive by charter (2 planes), breakfast & PPE at the Training Centre 9.00 Safety Induction, Charles Amoah 9.10 Asanko Overview Presentation, Rob Slater 9.30 – 11.00 Mine Tour - Nkran Pit (30mins - presentation boards + look out only) - Core Shed (30mins -
Slide 4: The Asanko Gold Mine
The Asanko Gold Mine Joint Venture: AKG 45%, GFI 45%, Govt of Ghana 10% ● Asanko Gold Mine: ̵ Largest land package on highly prospective Asankrangwa The Asanko Gold Mine Complex Gold Belt ̵ 9 deposits comprising 11 pits ̵ 5Mtpa processing facility: Gravity + CIL circuit ̵ On grid power ̵ 225-245koz
Slide 5: Geology
Geology The Asanko Gold Mine Complex ● Land package runs along 50km of the Asankrangwa gold belt, located along the central axis of the Kumasi Basin ● Have developed a well established and detailed geological framework, mineral systems model, and exploration guide for gold deposits in the Asankrangw
Slide 6: Reserves & Resources
Reserves & Resources Total M & I Resources Total P&P Reserves Mt g/t Au Moz Mt g/t Au Moz Esaase 84.02 1.38 3.72 62.56 1.46 2.94 Nkran 30.07 1.78 1.72 22.77 1.91 1.40 Akwasiso 6.33 1.50 0.31 3.18 1.48 0.15 Abore 5.33 1.45 0.25 2.28 1.90 0.14 Dynamite Hill 3.41 1.48 0.16 2.84 1.49 0.14 Adubiaso 2.73
Slide 7: Current Mining Footprint
Current Mining Footprint ● Main deposit: Nkran ̵ Hard rock, drill & blast operations since Aug 2015 Best in Class Safety Record ̵ PW Mining Ghana is mining contractor, mining ~27Mtpa Incident Type 12 Month Rolling ̵ Cut 2 pushback complete by Q3 2019, exposing 6Mt of ore Lost Time Injury 0 ● Future
Slide 8: 5Mtpa Processing Facility
5Mtpa Processing Facility ● Original design throughput 3Mtpa ● Plant expanded to 5Mtpa completed Q4 2017 ● ~25% of the feed blend is oxide ore from Esaase ● +40% gold recovered through the gravity circuit ● +93% gold recovery ● MillSlicer technology improved mill throughput performance ● Consistentl
Slide 9: 5 Consecutive Quarters of Delivering Against Plan
5 Consecutive Quarters of Delivering Against Plan Mining Performance $m ● Strong operational team in place Tonnes (000s) 14,000 30.0 ● Focus for 2019: 12,000 25.0 ̵ Ramp up operations at Esaase & commence 10,000 20.0 Tetrem village relocation 8,000 15.0 ̵ Complete Nkran Cut 2 pushback in Q3 6,000 10
Slide 10: Tailings Dam
Tailings Dam ● Knights Piésold is the External Engineer on the TSF - Q2 2020 Gold Fields Ghana use the same Engineers ● Independent quarterly audits carried out by Glocal on behalf of EPA ● Stage 4 lift and lining to be completed in Q3 2019 ● Pre-planning for stage 5 to start in May, early works sta
Slide 11: Exploration Strategy
Exploration Strategy ● District Scale Land Package ̵ 21,300 hectare concession ̵ Multiple million ounce deposits occurring along shear corridors ̵ 140km of strike along 4 main shear corridors ● Modern exploration techniques planned and in progress to focus future investment ● Target generation proje
Slide 12: ESG
ESG ● Strong social licence to operate ̵ Embedded in our daily actions, from CEO through to the front line ̵ All Ghanaian community affairs team at site ̵ Continuous engagement with key stakeholder groups ● The Asanko Opportunity Cycle = CSR Framework ̵ Focuses on key areas of support ̵ Devised in c
Slide 13: ESG
ESG • $233m spent on procurement in-country in 2018, supporting 264 Ghanaian businesses • 96 businesses from the Ashanti Region supplied goods & services valued at $10.8m • 5 Community-based businesses awarded contracts as part of Esaase development GROWING • Awarded Dynamite Hill contract to Rocksu
Slide 14: Outlook
Outlook Timing Catalyst ● 2 Year major capital investment program nearing completion ̵ Mill expansion from 3Mtpa to 5Mtpa (Q4 ’17) Q2 2019 • Tontokrom Additional 6 Hole Drilling Program ̵ Initial development of Esaase (Q1 – Q3 ‘19) • Drill Results from Tontokrom 6 Hole Program ̵ Cut 2 pushback at Nk
Slide 15: Thank you
Thank you QUESTIONS AND ANSWERS
Slide 16: Presentation Boards – Core Shack
Presentation Boards – Core Shack Gold Fields Ghana Site Visit | May 2019 16
Slide 17: South Camp Exploration
South Camp Exploration Miradani Tontokrom Targets ● Multiple exploration targets - Miradani, Tontokrom & Central Zone ● All targets showing multiple wide zones of mineralization ● 3km strike length ● Phase 1 - 10 holes, 3,140m program very successful Miradani – Tontokrom Target ● Adding additional 6
Slide 18: South Camp Exploration – Fromenda Target
South Camp EXPLORATION – Fromenda Target ● Moving drill to Fromenda target next ● 10 km south-west of Tontokrom target ● 2.5 km soil anomaly ● Historical drilling from 2003/04 ● Planned 5,300m drilling to confirm & expand on prior work Historical Fromenda Drill Results(1) Hole ID From To Intercept m