Anglogold Ashanti Plc · NYSE:AU
Anglogold Ashanti — Corporate Update (March 2025)
30 slides from Anglogold Ashanti's corporate update, Mar 20, 2025
Slide 1: Sukari Site Visit
SUKARI SITE VISIT NYSE │ JSE │GSE MARCH 2025 MINING TO EMPOWER PEOPLE AND ADVANCE SOCIETIES SUKARI - EGYPT
Slide 2: Investor Note | Disclaimer
INVESTOR NOTE │ DISCLAIMER Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining c
Slide 3: Investor Note | Mineral Resource and Mineral Reserve
INVESTOR NOTE │ MINERAL RESOURCE AND MINERAL RESERVE The Mineral Resource and Mineral Reserve stated herein were prepared in compliance with Subpart 1300 of Regulation S-K (17 CFR § 229.1300) (“Regulation S-K 1300”). Refer to Item 1300 (Definitions) of Regulation S-K for the meaning of the terms use
Slide 4: Sukari Gold Mine: gold mined for over 4,000 years
SUKARI GOLD MINE Gold has been mined at Sukari for over 4,000 years • Pharaohs, Greeks and Romans have all presided over the deposit leaving their own mark • Modern day mining commenced in 2011 after 20 years of preparatory exploration works • Sukari Concession Agreement was created in 1994 and was
Slide 5: Site Overview and Agenda
SITE OVERVIEW AND AGENDA Date/Time Activity Transfer from Hilton Hotel 07:00 to Site 08:00 Introductions and inductions Thursday, 20th March 2025 09:00 Site presentation 10:30 Geology Core Yard tour 12:00 Lunch 13:00 Underground tour 13:00 Surface tour 15:45 Refreshments and Q&A 16:30 Transfer Site
Slide 6: Integration Plan
INTEGRATION PLAN Integration Planning Integration Implementation BAU Effective Phase 1: From Effective Date - End Q1 2025 Phase 2: Q2 - Q4 2025 End 2025+ Late September - November 2024 Date (TBC) - Key Activities (TBC) – The Tail (TBC) • Confirm integration objectives and principles / • Implement in
Slide 7: Integration Approach and Key Milestones
INTEGRATION APPROACH KEY MILESTONES Seamlessly integrate SGM in a reasonably short timeframe Sep 2024 ● Integration team established Oct – Nov 2024 ● Integration plan developed Deliver the expected financial 22 Nov 2024 ● Successful completions of Day 1 activities including comms, town halls digital
Slide 8: Safe Production
SAFE PRODUCTION Sukari Safety Culture HSES performance History Checkpoints Reactive Dependent Independent Interdependent SAFETY AT SUKARI IS NOT NEGOTIABLE • Over the past 5 years Sukari has fostered a new safety culture based on open reporting and a commitment that ZERO HARM is possible • PTO’s* an
Slide 9: Our Greatest Asset
OUR GREATEST ASSET • At SGM we recognise that our people are our greatest asset • Training and development is key to improving the operation and creating a sustainable future with 41,000 hours of training completed in 2024 • On site clinic with doctors and paramedics, laboratory, medical health surv
Slide 10: Licence to Operate
LICENCE TO OPERATE SGM CONTRIBUTES TO OUR HOST COMMUNITY IN MARSA ALAM • Improvement upgrades to infrastructure of schools, mosques, churches, EMRA buildings and Emergency service providers – civil protection • Youth development projects such as upgrades to the Youth Centre and sporting arenas, incl
Slide 11: Our Environment
OUR ENVIRONMENT • Eastern Sahara Desert, Water piped 30km from the Red Sea and refined on site (RO) • Water Management is a key activity at site (Balance, Monitoring, Treatment & Reuse) • Air Quality Monitoring • Biodiversity Monitoring • Waste Management (Segregation, Safe Disposal & Recycling) • L
Slide 12: Decarbonisation
DECARBONISATION REDUCTION INITIATIVES • Current 30MWac solar plant 22MLpa reduction in diesel (-16%) • 60MW grid connection with up to 50MLpa reduction in diesel consumption (>50%) • CAT GEN2 Face Shovels (<5%) • CAT 2900XE diesel electric loaders (<1%) • 15MWac Solar upgrade DECARBONISATION ROADMAP
Slide 13: Mineral Resource Management
MINERAL RESOURCE MANAGEMENT UNDERSTANDING THE ORE BODY MINERAL RESOURCE MANAGEMENT EXPLORATION OREBODY STEWARDSHIP TO MAXIMISE BROWNFIELD EXPLORATION RETURNS FOR STAKEHOLDERS TARGETING NEW RESOURCES • 2020 re-interpretation of existing data • Maximize Mineral Resource growth • Upgrade Mineral Resour
Slide 14: Evolving Our Understanding of Sukari
EVOLVING OUR UNDERSTANDING OF SUKARI SUKARI IS COMPARABLE TO THE BOUDINAGE MODEL Deformation between intrusives Presence of local short-range structures Regional thrusts don’t appear to crosscut orebody Dilation and rotational deformation forms in the ‘neck’ or ‘keel’ consistent with the location of
Slide 15: Sukari Mineralisation Event
SUKARI MINERALISATION EVENT Tectonic hiatus SUKARI SITE VISIT 2025 15
Slide 16: Proof of Concept
PROOF OF CONCEPT TARGET GENERATION • Boudinage model provides conceptual targets to be tested • Current LOM finishes at 200RL but mineralization has been confirmed beneath the 0RL ORE BODY IS “OPEN” • The deposit remains open along strike and at depth • The current underground Mineral Resource offer
Slide 17: RCGC for Underground
RCGC FOR UNDERGROUND Applying common integrated operational approaches for underground mining is part of our operational strategy Achieving the same level of ore body knowledge, which we generate for open pit operations was a key challenge that led us to test and prove Reverse Circulation Grade Cont
Slide 18: Gold Production – Looking Back in Time
GOLD PRODUCTION – LOOKING BACK IN TIME HISTORICAL GOLD PRODUCTION Sukari gold production (oz) • +6.1Moz produced 600 000 • +500koz/annum 2016-2017 500 000 DECLINING PRODUCTION / UNDERINVESTMENT • 2019 many areas at breaking point 400 000 • Lack of infrastructure in UG 300 000 • OP severely under-str
Slide 19: 2025 Production Targets
2025 PRODUCTION TARGETS GOLD PRODUCTION (koz) AISC ($/oz)** CASH COSTS ($/oz)** 455 – 495 1,115 – 1,195 770 – 850* Anticipated average production c.490koz over the next three years CAPEX ($m) SAFETY (LTIFR per million hours) SAFETY (TRIFR per million hours) 350 – 375* 2024 – 0.79 2024 – 1.15 2023 –
Slide 20: Open Pit Mining
OPEN PIT MINING Total OP Material Mined • Major waste stripping campaign completed 140 000 000 • 130Mt over 4 years 120 000 000 • 330-350koz to ROM per annum 100 000 000 • 6 x CAT 6040 Primary Dig Units (FC & BH) 80 000 000 • 53 x CAT 785C/D Trucks 60 000 000 • Total Ore mined is predicted to increa
Slide 21: Open Pit Voids
OPEN PIT VOIDS SGM has a Void Management Plan and UG & OP interaction procedures for mitigation of; • Historical open voids and potential propagation to surface • New UG voids that could trigger instability • Blast Damage to active UG workings Proactive management of the voids has allowed operations
Slide 22: Geotechnical Monitoring
GEOTECHNICAL MONITORING OPEN PIT MONITORING • MSR units provide real time movement updates and are monitored 24/7 • INSAR Satellite monitoring for the OP and Tailings Facilities • Fixed prism monitoring across the OP • Well defined and communicated TARP in place 0.16mm/hr UNDERGROUND MONITORING • Se
Slide 23: Underground Mine
UNDERGROUND MINE The Underground mine is the only commercial mine of its type in Egypt and mining commenced in 2010. It currently extends 0.8km beneath the surface with an 8-year mining life • 2019 – UG mine infrastructure unsustainable, major rehabilitation plan, primary vent 160m 3/s • 2020 – 2021
Slide 24: Underground Expansion
UNDERGROUND EXPANSION Development Increasing YoY since 2022 • Expansion to +12km development per year, • 1km/ month 6 month rolling average • In pit waste dumping Increasing Developed Stocks for Sustainable Production • 2024 – 5 months, 2025 FC – 6 months, 2026 FC – 12 months Exploration / Mineral R
Slide 25: Processing
PROCESSING Gold processing is facilitated through two plants: • Plant 1 – HG & MG feed from UG and OP equipped with flotation and CIL • Plant 2 – MG & LG feed from OP with only flotation Nameplate throughput design of 12Mtpa and recovery of +88% Scoping work for a gravity recovery circuit, similar t
Slide 26: Tailings Management
TAILINGS MANAGEMENT TSF Water Recovery 60,0% 56,3% 53,0% • Engineer of Record - Epoch (SA) 50,0% 48,3% 45,4% 39,8% • Compliance to GISTM standards 40,0% 36,2% 30,0% • Current facility TSF2 maintains two-year storage capacity with construction ongoing to maintain the forward capacity 20,0% 10,0% • Ta
Slide 27: Sukari Mining Concession
SUKARI MINING CONCESSION Exploration programme commenced in 2021 • Identify potential satellite feed material • Grow the Mineral Resource and Mineral Reserve base • Provide additional operational flexibility 10,000m drill programme completed in 2021 • Identified 7 open pit gold satellite targets • A
Slide 28: Eastern Desert Exploration (EDX)
EASTERN DESERT EXPLORATION (EDX) MAJOR LAND POSITION • Nugrus Block ca. 848 km2 and Najd Block, ca. 1,374 km2 EXPLORATION PROGRESS • Major Focus on the Nugrus Block around the Sukari concession • Eight targets tested in 2023, Little Sukari and Umm Majal discoveries 2023 • Definition drilling at Litt
Slide 29: Conclusion
CONCLUSION • Sukari brings a new, Tier One asset into the portfolio • Integration process well advanced with optimisation initiatives already underway (gravity circuit, RC grade control underground, fleet management system) • Full Asset potential team to visit site to initiate improvement process la
Slide 30: Investor Relations Contacts
w w w. a n g l o g o l d a s h a n t i . c o m ANDREA MAXEY YATISH CHOWTHEE INVESTOR RELATIONS Telephone: +61 08 9435 4603 Telephone: +27 11 637 6273 General e-mail enquiries Mobile: +61 400 072 199 Mobile: +27 78 364 2080 amaxey@anglogoldashanti.com yrchowthee@anglogoldashanti.com Investors@anglogo