Sibanye Stillwater Limited · JSE:SSW
Sibanye Stillwater — Investor Day (January 2022)
77 slides from Sibanye Stillwater's investor day presentation, Jan 18, 2022
Slide 1: SA PGM operations – Investor day (session 3)
SA PGM operations – Investor day (session 3) 23 September 2021
Slide 2: SA PGM operations Investor day: Long life, high value assets
SA PGM operations Investor day (session 3) Long life, high value assets 23 September 2021
Slide 3: Disclaimer
Disclaimer The information in this announcement may contain forward-looking statements within the meaning of the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, among others, those relating to Sibanye Still
Slide 4: Introduction
Introduction Richard Stewart, Chief Operating Officer
Slide 5: Location of SA PGM operations
Location of SA PGM operations Four distinct ore bodies A. WESTERN LIMB OPERATIONS B. EASTERN LIMB PROJECTS Rustenburg 100% (managed) Blue Ridge 50% (managed) Kroondal 50% (managed) Zondernaam 74% (managed) Marikana 95.3% (managed) Limpopo (attributable portions of Platinum Mile 100% (managed) Baobab
Slide 6: Overview of Sibanye-Stillwater's SA PGM Western Limb operations
Overview of Sibanye-Stillwater's SA PGM Western Limb operations Extensive mineralised strike length with down dip potential 5
Slide 7: Acquisition synergies realised to date
Acquisition synergies realised to date PGM Integration savings to date 3,500 • Shared overhead cost between Group and other operations 3,000 • Footprint reduction • Optimisation of surface infrastructure 2,500 • Contract management and procurement synergies 2,000 R millions • Closure of Marikana hea
Slide 8: Successful completion of the Marikana integration - synergies delivered
Successful completion of the Marikana integration - synergies delivered Production and operating cost (excl third party processing and by-product credits) Integration synergy benefits 250,000 COVID Lockdown 35,000 visible in Marikana operating 227,466 Acquired impact costs 194,689 30,000 200,000 • Q
Slide 9: SA PGM operations moving down the industry cost curve
SA PGM operations moving down the industry cost curve Global PGM Cash cost curve (CY21E- At Spot) Cumulative Annual Production (4E Koz) 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 8,000 8,500 9,000 60,000 60,000 Spot PGM basket price received Cash Cost a
Slide 10: Extensive resources and reserves
Extensive resources and reserves* • Reserve estimate are based on a three-year trailing average price assumption SA PGM OPERATIONS 6E PGM Mineral Resources (%) 6E PGM Mineral Reserves (%) Current life of mine (LOM) (at 31 Dec 2020) 27% 3% 3% • Kroondal 11 years 6% • Mimosa 11 years 1% • Marikana ove
Slide 11: SA PGM operations production profile
SA PGM operations production profile Underground (attributable) and surface production 2,000,000 Forecast 1,600,000 4E PGM ounces 1,200,000 800,000 400,000 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Mimosa Kroondal R
Slide 12: Significant development potential from extensive PGM Mineral Resources
Significant development potential from extensive PGM Mineral Resources Reserve SA project pipeline Area Name /Resource Est (Moz) 1 Marikana K4 (Both) Execution 13,43 17 2 Marikana E3D (UG2) FS Complete 2,75 13 15 3 KDL Klipfontein (UG2) Waiting 0,13 11 3 10 6 5 12 1 4 Siphumelele 1 (UG2) Upper 4,89
Slide 13: Potential SA PGM production profile assuming development of key projects
Potential SA PGM production profile assuming development of key projects Underground (attributable) and surface production(plus projects) 2,000,000 1,600,000 4E PGM ounces 1,200,000 800,000 400,000 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040
Slide 14: Overview of the SA PGM operations
Overview of the SA PGM operations Dawie van Aswegen, EVP SA PGM operations
Slide 15: SA PGM operations leadership
SA PGM operations leadership EVP SA PGM Operations Dawie van Aswegen Act SVP & Head SVP & Head SVP & Head SVP & Head SVP & Head SVP & Head of Human of Finance of Technical of Mining Rustenburg of Mining Kroondal of Mining Marikana Resources & Integration Operations Operations Norman Nxumalo Roderick
Slide 16: Safety performance
Safety performance • ISO 45001 accreditation to be achieved during 2021 (Marikana already accredited) • ICMM reporting adopted and added total recordable injury frequency rate (TRIFR) as a new KPI since the start of 2021 Achievements Fatal injury frequency rate - SA PGM1 Kroondal operation • 2,000,0
Slide 17: Planned ounces and costs
Planned ounces and costs Underground operations • Lower cost K4 and Klipfontein projects 2,000,000 21,000 approved in Q1 2021 - maintain consistent profile 18,000 1,600,000 • AISC influenced by royalty assumptions and basket price Production (4E ounces) 15,000 movement 1,200,000 • Marikana integrati
Slide 18: Surface sources – planned ounces and cost
Surface sources – planned ounces and cost Surface operations • Includes Marikana Bulk tailings 160,000 25,000 treatment plant (BTT), Rustenburg Western limb tailings retreatment plant and Platinum Mile 20,000 120,000 • Platinum Mile holding increased from 91.7% to 100% in H1 2021 15,000 • Current su
Slide 19: Planned underground average head grade and recoveries
Planned underground average head grade and recoveries Underground operations 5.0 90% 85% 4.0 80% Head grade g/t Recovery % 3.0 75% 2.0 70% 1.0 65% 0.0 60% 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Kroondal - head grade Mimosa - head grade Rustenburg - head grade Marikana - head grade Kroonda
Slide 20: Planned capital expenditure (base)
Planned capital expenditure (base) 4,000 • Sufficient estimation of SIB Capital at 10% to 12% of operating cost, 3,500 and ending capital spend 4 years prior to closing an assets as to 3,000 eliminate over capitalising 2,500 • Marikana smelting and refining compliance capital R million 2,000 • Conti
Slide 21: Base metals in concentrate profile
Base metals in concentrate profile Total operations – base metals profile 12,000 10,000 8,000 Tonnes 6,000 4,000 2,000 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Nickel Copper Significant base metal produced as by-product from base metals refinery – existing hydrometallurgical processing ex
Slide 22: Processing assets – competitive exposure to full value chain
Processing assets – competitive exposure to full value chain, from mine-to-market Concentrators Furnace reliability • Adequate capacity and flexibility to treat both underground and surface Tonnes Smelted Between Failures material Smelting and refining • Continued optimisation of furnaces through in
Slide 23: Chrome
Chrome David Kovarsky, SVP Chrome
Slide 24: Chrome production profile
Chrome production profile • Chrome produced as a by-product of PGM Underground operations – chrome production profile production – 2,000,000 800 - Primarily derived from UG2 reef - Grade of approximately 40.5% chrome. 1,600,000 - Produced by standalone chrome recovery plants 600 - Included in gross
Slide 25: Financial aspects
Financial aspects Roderick Mugovhani, SVP: Finance
Slide 26: SA PGM operating cost breakdown
SA PGM operating cost breakdown Operating costs classification (%) • Labour cost includes salaries, incentives, overtime and company 3% contributions 7% • Stores and material includes higher than inflation rates of steel, explosives and underground support • Overheads incorporate Group and services
Slide 27: SA PGM operating cost breakdown by operation
SA PGM operating cost breakdown by operation 0% 1% 9% 6% 3% 10% 37% 20% 40% Rustenburg – 28% Marikana – 48% Kroondal – operating costs operating costs operating costs 31% classification classification classification 5% 11% 6% 8% 10% 2% 5% 8% 6% 7% Salaries and wages Utilities Salaries and wages Util
Slide 28: SA PGM fixed and variable cost breakdown per operation
SA PGM fixed and variable cost breakdown per operation (operating cost) 70% • Based on steady state 59.4% operations, normalised for COVID- 60% 57.5% 56.1% 55.1% 19 lockdowns 50% • Combination of all the operations 43.9% 44.9% on a 100% basis 42.5% 40.6% % Allocation 40% • Fixed costs consist mainly
Slide 29: H1 2021 reconciliation of AISC
H1 2021 reconciliation of AISC (R/4Eoz) – excluding 3rd party purchases at Marikana 25,000 • All-in sustaining cost (AISC) was developed and generally 20,000 adopted by the global gold industry to ensure consistent and comparable reporting of costs 15,000 • Includes by-product revenue that R/4Eoz is
Slide 30: Significant value in "by-product" PGMs
Significant value in "by-product" PGMs % Price increases of iridium and ruthenium Positive impact of by- 2,000 1,800 product credits • By-product revenues offset cost 1,600 in the AISC calculation (credit 1,400 1,200 against costs) 1,000 H1 2021 800 600 • Growth in by-product credits 400 200 2020 fr
Slide 31: SA PGM projects
SA PGM projects Ralph Lombard, SVP Projects (Group Technical)
Slide 32: K4 project – unrivalled PGM brownfields project
K4 project – unrivalled PGM brownfields project • Mining both Merensky and UG2 reefs to a depth of 1,287m • Project significantly predeveloped by Lonmin – most infrastructure already in place: - equipped and functional vertical shaft to a depth of 1,332m - equipped and functional ventilation shaft t
Slide 33: K4 project – unrivalled tier 1 PGM project
K4 project – unrivalled tier 1 PGM project Key statistics (2021 terms) LoM capital expenditure profile (R million) • Project capex* of ~R4.0bn over 1,200 8 years - majority during first 3 1,000 years 800 • Steady state (2030-2063) 600 ~250koz per annum 400 • Average operating cost ~ 200 R16,051/4Eoz
Slide 34: Klipfontein PGM project – shallow, open pit
Klipfontein PGM project – shallow, open pit • Open pit operation adjacent to Kroondal East Bambanani shaft Klipfontein – expected 4E PGM oz production • UG2 reef will be mined to depth of ~45m • 50/50 JV with Anglo American Platinum (under the current PSA) • Key statistics (2021 terms) – 100%# - R66
Slide 35: Value creation through sustainability
Value creation through sustainability Jevon Martin, Head of Energy & Decarbonisation Grant Stuart, SVP Environment Thabisile Phumo, SVP Stakeholder Relations
Slide 36: SA PGM operations' role in the Group journey to carbon neutrality
SA PGM operations' role in the Group journey to carbon neutrality Our path to carbon neutral by 2040 • Long-term GHG emissions reduce naturally with declining PGM production profile • Benefits from National renewable energy plan towards 2040 SA PGM operations • Various proactive initiatives underway
Slide 37: SA PGM operations' role in the Group journey to carbon neutrality (solar)
SA PGM operations' role in the Group journey to carbon neutrality 80MW RPM 4 65MW BMR 2 30MW • Feasibility study for three on-site Solar PV projects completed: • Total capital cost of R2.5-2.8bn to be finance through three separate − Plant sizing based on comprehensive study, including life of PPA a
Slide 38: Rehabilitation obligations
Rehabilitation obligations Planning and execution for sustainable post-mining socio-economic closure within local communities ACHIEVEMENTS CLOSURE LIABILITY CONCURRENT REHABILITATION • Development of regional closure strategy and • 2020 liability assessment independently • Rehabilitation of the Klip
Slide 39: Tailings management
Tailings management We commit to zero harm at all stages of tailings lifecycle EMPOWERED & ENABLED ACCOUNTABILITY GOVERNANCE STRUCTURE IN DEVELOPMENT • Accountable Executive responsible to the CEO • International Council of Mines and Metals (ICMM) • Appointed VP Tailings Engineer for the Group Board
Slide 40: Optimising a critical resource- water use management strategy
Optimising a critical resource- water use management strategy Water security strategy supporting climate change resilience and sustainable economies WATER SECURITY STRATEGY OBJECTIVE AND COMMITTMENT WATER CONSERVATION SUCCESS • Collaborative engagement Responsible and collaborative water • Reduction
Slide 41: Making real changes to transform and create value for all stakeholders
Making real changes to transform and create value for all stakeholders Restructuring of the Marikana empowerment structure • Previous structure non-beneficial with substantial debt burden Investing in projects results in job security and opportunities • New sustainable B-BBEE financing structure wit
Slide 42: Conclusion
Conclusion Richard Stewart, Chief Operating Officer
Slide 43: Key highlights | SA PGM operations
Key highlights |SA PGM operations • Aligned to Group zero harm safety framework – notable safety milestones achieved Highest safety standards • ISO 45001 accreditation to be achieved during 2021 (Marikana already accredited) • Significant cost and operational synergies realised through consolidation
Slide 44: Questions? Contacts
Questions? Contacts James Wellsted/ Henrika Ninham/ Chris Law ir@sibanyestillwater.com Tel: +27(0)83 453 4014/ +27(0)72 448 5910/ +44 (0)7923126200 Website: www.sibanyestillwater.com Tickers: JSE: SSW and NYSE: SBSW 43
Slide 45: SA PGM operations Investor day
SA PGM operations Investor day
Slide 46: Appendix
Appendix
Slide 47: Competent persons' declaration | SA PGM operations
Competent persons’ declaration | SA PGM operations Sibanye-Stillwater reports its Mineral Resources and Mineral Reserves in accordance with the SAMREC Code, the updated Section 12 of the JSE Listings Requirements; and in consideration of the SEC Industry Guide 7, which is aligned with the guiding pr
Slide 48: Price assumptions on reserves and resources
Price assumptions on reserves and resources The Group complies with both the JSE and the US Securities and Exchange Commission (SEC) guidelines on commodity prices used in the estimation of Mineral Reserves at all managed operations and projects. An average exchange rate of R15.00/US$ (2019: R14.50/
Slide 49: Planned capital expenditure (including K4 and Mimosa)
Planned capital expenditure (including K4 and Mimosa) 5,000 4,500 4,000 3,500 3,000 R million 2,500 2,000 1,500 1,000 500 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Kroondal - SIB Rustenburg - ORD Rustenburg - SIB Marikana - ORD Marikana - SIB Mimosa - SIB K4 - ORD K4 - SIB K4 - TSF K4 - Pr
Slide 50: Planned mining tonnes and costs
Planned mining tonnes and costs Mined production Assumptions 25,000,000 1,800 • Production profiles are based on the 2020 LOM reserve and resources strategic plan 1,500 20,000,000 • K4 and Klipfontein projects inclusion maintains lower cost 1,200 profile Tonnes milled 15,000,000 • Labour cost estima
Slide 51: Surface sources – planned tonnes and cost
Surface sources – planned tonnes and cost Surface operations • Including Marikana BTT, Rustenburg WLTR and Platinum 25,000,000 140 Mile 120 • Surface Tailings retreatment 20,000,000 reserves running out in 2027 100 • Platinum Mile (holding 15,000,000 increased from 97.1% to 100% Tonnes milled 80 in
Slide 52: Kroondal – planned ounces and cost
Kroondal – planned ounces and cost Kroondal operations • Opportunity to extend life beyond current plan by mining 250,000 20,000 a cross boundary into Rustenburg Resource 200,000 16,000 • Kroondal low-cost mechanised operation and would significantly bring forward 150,000 12,000 value of Rustenburg
Slide 53: Kroondal – planned tonnes and cost
Kroondal – planned tonnes and cost Kroondal operations 4,000,000 1,200 3,500,000 1,000 3,000,000 800 2,500,000 Tonnes milled R/tonne 2,000,000 600 1,500,000 400 1,000,000 200 500,000 0 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Simunye Kopaneng K6 Kwezi Bambanani Operating Cost R/Tonne AISC
Slide 54: Rustenburg – planned ounces and cost
Rustenburg – planned ounces and cost Rustenburg operations • Long life operation- stable 800,000 18,000 production to 2026 15,000 600,000 12,000 R/ ounce Ounces 400,000 9,000 6,000 200,000 3,000 0 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Siphumelele Bathopele Khuseleka Thembelani Operatin
Slide 55: Rustenburg – planned tonnes and cost
Rustenburg – planned tonnes and cost Rustenburg operations 8,000,000 1,800 1,500 6,000,000 1,200 Tonnes milled R/tonne 4,000,000 900 600 2,000,000 300 0 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Siphumelele Bathopele Khuseleka Thembelani Operating Cost R/Tonne AISC R/Tonne Long-life assets
Slide 56: Marikana – planned ounces and cost
Marikana – planned ounces and cost Marikana operations • High quality operations with significant optionality 900,000 25,000 • K4 adding to production profile until 2026 20,000 • Lower cost K4 to benefit 600,000 operating cost and AISC 15,000 4E ounces R/ ounce 10,000 300,000 5,000 0 0 2021 2022 202
Slide 57: Marikana – planned tonnes and cost
Marikana – planned tonnes and cost Marikana operations 8,000,000 2,100 1,800 6,000,000 1,500 Tonnes milled 1,200 R/tonne 4,000,000 900 600 2,000,000 300 0 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 K4 4B East 3 K3 Rowland Saffy Operating Cost R/Tonne AISC R/Tonne High quality mine-to-market
Slide 58: Mimosa – planned ounces and cost
Mimosa – planned ounces and cost Mimosa operations Steady, consistent production and cost forecast 140,000 16,000 120,000 12,000 100,000 80,000 4E ounces R/4Eoz 8,000 60,000 40,000 4,000 20,000 0 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Tons Processed Operating Cost R/Tonne AISC R/Tonne C
Slide 59: Mimosa – planned tonnes and cost
Mimosa – planned tonnes and cost Mimosa operations 1,600,000 1,400 1,200 1,200,000 1,000 Tonnes milled 800 R/Tonne 800,000 600 400 400,000 200 0 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Tons Processed Operating Cost R/Tonne Consistent delivery Note: Costs are represented at 2021 real term
Slide 60: Surface operations – from mine-to-market
Surface operations – from mine-to-market • Enhance and optimise surface operations - Augment future life of surface operations (WLTR / PlatMile / BTT / ETTP, etc.)1, beyond 2025 - Innovate and implement new technologies where required - Testing flotation technology to recover the ultrafine chrome in
Slide 61: Other by-products we mine | SA PGM operations
Other by-products we mine | SA PGM operations Copper Nickel Iridium Ruthenium Cobalt Cr2O3 Mine % per tonne % per tonne % of 6E g/t % of 6E g/t % per tonne % per tonne UG2 Bathopele 0.008 0.089 3.773 19.041 0.062 19.851 Khuseleka 0.008 0.112 4.054 14.525 0.059 24.420 Thembelani 0.009 0.114 3.336 15.
Slide 62: Other by-products we mine | SA PGM operations
Other by-products we mine | SA PGM operations Copper Nickel Iridium Ruthenium Cobalt Cr2O3 Mine % per tonne % per tonne % of 6E g/t % of 6E g/t % per tonne % per tonne Merensky Khuseleka 0.089 0.194 1.529 7.902 0.686 Thembelani 0.089 0.219 1.620 7.772 0.261 Siphumelele 0.101 0.218 1.950 7.689 0.421
Slide 63: Prill splits by reef type
Prill splits by reef type Marikana Rustenburg Kroondal Mimosa Merensky reef UG2 reef Merensky reef UG2 reef UG2 reef Main sulphide zone 4E g/t 4,16 4,02 4,83 3,68 2,57 3,45 Pt % 61,85 59,38 63,80 54,53 54,94 49,35 Pd % 27,81 28,87 27,30 34,31 33,95 38,47 Rh % 3,31 11,18 3,99 10,43 10,38 4,20 Au % 7,
Slide 64: Kroondal costs are well controlled
Kroondal costs are well controlled AISC excluding By-product credits R/4E ounce • Trackless mining – on reef development expensed 18,000 50,000 • Three-year wage contract in place until June 2020 15,000 40,000 Average month 4E ounce 12,000 30,000 R/4E ounce 9,000 20,000 6,000 10,000 3,000 0 0 FY2015
Slide 65: Rustenburg benefits from integration synergies
Rustenburg benefits from integration synergies AISC excluding By-product credits R/4E ounce • Integration synergies and savings have made Rustenburg 25,000 80,000 operations sustainable • Ore reserve development capital aimed at maintaining 20,000 the current level of production 60,000 at the conven
Slide 66: Mimosa is a consistent cost performer
Mimosa is a consistent cost performer AISC excluding By-product credits R/4E ounce • Stay-in-business capital is inclusive of on-reef 21,000 25,000 development 18,000 20,000 15,000 Average monthly 4Eoz 15,000 R/4E ounce 12,000 9,000 10,000 6,000 5,000 3,000 0 0 FY2015 FY2016 FY2017 FY2018 FY2019 FY2
Slide 67: Marikana – Quality long life operations with significant optionality
Marikana – Quality long life operations with significant optionality AISC excluding By-product credits R/4E ounce 35,000 300,000 30,000 250,000 Quarterly Production 4Eoz 25,000 200,000 20,000 R/4Eoz 150,000 15,000 100,000 10,000 50,000 5,000 0 0 FY2019 - FY2019 - FY2019 - FY2019 - FY2020 - FY2020 -
Slide 68: Annual Marikana operational synergies more than double
Annual Marikana operational synergies more than double Initial benefits Realised benefits Category Summary of key initiatives identified since acquisition Closure of London offices • Corporate rationalisation (closing London office and delisting) 138 96 Operating (mine) and regional shared • Employe
Slide 69: Safe production and operational excellence
Safe production and operational excellence Operational excellence SAFE OPERATIONS SUSTAINABILITY BUSINESS EXCELLENCE • Safety, cost, volume, quality • Sustainable life of mine profiles • Optimal utilisation of assets - Delivery on plan - SIB and ORD Capital • Working capital management - Continuous
Slide 70: Overview of operations - Mining
Overview of operations - Mining Operating hoisting 5 year planned Mining method capacity (ktpm) production (ktpm) Kroondal (LOM 11 years) (50/50 Joint venture) Kopaneng (2 Year life) Bord and pillar 186 91 Simunye (2 Year Life) Bord and pillar 160 79 Bambanani Bord and pillar 130 88 Kwezi Bord and p
Slide 71: Overview of operations - Processing
Overview of operations - Processing Concentrators Chrome Design Current Average Average capacity operational Recovery Material Material recovery PGM offtake (ktpm) capacity (ktpm) % treated treated % Type of contract Kroondal K1 Anglo 290 290 82 UG2 U/G UG2 Tailings 8 Combined beneficial and non ben
Slide 72: Rustenburg – shareholding structure - Revised BEE SPV consortium
Rustenburg – shareholding structure - Revised BEE SPV consortium 20 25 BEE SPV Shareholding in ordinary 74 SRPM 26 shareholders % 30 % 25 Newshelf 1335 Proprietary Limited Sibanye Rustenburg Platinum Mines Employees Trust Sibanye Sibanye Rustenburg Platinum Mines Community Trust Bakgatla Bofokeng Pr
Slide 73: Rustenburg - Revised BEE SPV consortium – Share payment structure
Rustenburg - Revised BEE SPV consortium – Share payment structure SRPM distributable free cashflow (EBITDA less Capex and Anglo deferred payment Sibanye less interest on loans Newshelf portion advance) portion 74% 100% 26% Allocation of 85% to repay redeemable Partners Sibanye total preference share
Slide 74: Marikana BEE - current Shareholding structure
Marikana BEE - current Shareholding structure Sibanye-Stillwater Phembani 100% 100% Lonplats Employee Share Current amount owing Approx. R8bn Ownership Trust Lonmin Limited Lexshell 806 (Pty) Ltd (“Lonplats (“Lonmin”) (“Fundco”) 3.8% A, B,C and D Pref Shares Trust”) 100% Rustenburg Eastern Operation
Slide 75: Consistent delivery from acquisition date and strong recovery post 2020 lockdown
Consistent delivery from acquisition date and strong recovery post 2020 lockdown 700,000 600,000 500,000 4E ounce 400,000 300,000 200,000 100,000 0 FY2016 - Q2 FY2016 - Q3 FY2016 - Q4 FY2017 - Q1 FY2017 - Q2 FY2017 - Q3 FY2017 - Q4 FY2018 - Q1 FY2018 - Q2 FY2018 - Q3 FY2018 - Q4 FY2019 - Q1 FY2019 -
Slide 76: Consistent delivery and beating guidance
Consistent delivery and beating guidance 2018 2018 Act 2019 2019 Act 2020 2020 Act 2021 Title Volume ounces - Moz 1.1 – 1.15 1.18 1.0 – 1.1 1.10 1.35 – 1.45 1.58 1,75 – 1,85 Cost AISC R/4Eoz 10,750 – 11-250 10,417 12,500 – 13,200 11,943 19,700 – 21,000 18,280 18,500 – 19,500 3,800 excl Capital R’m 1
Slide 77: ESG - Water security progress
ESG - Water security progress Technology enabled water security strategy supporting climate change resilience and sustainable post mining economies Water Strategic Objectives Progress Summary of key initiatives Embedding ESG Drive business Completed Sustainable supply from emergency boreholes Develo