Slide 1: Media Visit: Operational Overview
MEDIA VISIT: OPERATIONAL OVERVIEW 12 October 2022
Slide 2: Itinerary
ITINERARY \ Cal TIME ACTIVITY 6:45 - 7:00 Access and parking 7:00 - 7:15 Arrival: introductions and breakfast 7:15 — 7:45 Induction 7:45 - 8:30 Presentation: operational overview PART 2 8:30 - 8:45 Change into PPE 9:00 - 11:30 Group 1: underground visit Group 2: tailings storage facility visit 11:30
Slide 3: Agenda
AGENDA South Deep in the Group context Martin Preece South Deep strategic framework Martin Preece South Deep overview Benford Mokoatle History of the mine Orebody characteristics Evolution of the mining method Roelof Niehaus Journey to excellence Grant Webber 3
Slide 4: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. In particular, the forward-looking statements in this document include
Slide 5: #ThisIsGoldFields
#ThislsGoldFields Our ision Where we want to go | To be the preferred gold mining company delivering sustainable, superior value Why we exist Creating enduring value beyond mining i a S e OD uy (/ q tues How we behave while we execute our strategy % Ld bed safety integrity respect responsibility inn
Slide 6: A Globally Diversified Gold Miner
Gold Fields Group A GLOBALLY DIVERSIFIED GOLD MINER Mines: 9 H1 2022 SNAPSHOT Projects: 1 Countries: 5 Att. production: 1,201koz (+9% YoY) H1 2022 att. gold production contribution AIC: US$1,352/oz (+6% YoY) Americas: 11% Adjusted free cash flow from ops: US$518m (+30% YoY) South Adjusted Free cash
Slide 7: Highlights for H1 2022
HIGHLIGHTS FOR H1 2022 SOLID BUSINESS PERFORMANCE, DESPITE COVID AND INFLATIONARY CHALLENGES • Safety • Zero fatalities in H1 2022 • ESG • Gruyere solar plant commissioned post half year-end, South Deep on track for Q3 • Operations • 9% YoY increase in attributable equivalent gold production • Cash
Slide 8: Gold Fields' 2030 ESG Targets
GOLD FIELDS’ 2030 ESG TARGETS 1 DECARBONISATION 2 TAILINGS MANAGEMENT 3 WATER STEWARDSHIP • 50% absolute emission and 30% net emission • Conformance to the Global Industry Standard • 80% water recycled/reused reductions from 2016 baseline (Scope 1 and 2) on Tailings Management • 45% reduction in fre
Slide 9: South Deep Gold Mine: Delivery of the 2030 Decarbonisation Targets
SOUTH DEEP GOLD MINE DELIVERY OF THE 2030 DECARBONISATION TARGETS 1 Decarbonise our Electricity Supply (Andre) 2 Electrify our vehicles (Louis) Key focus area: 3 Reduce our Energy Demand (Louis) i. Transition to BEV fleet factoring in; Key focus areas are: Key focus area: a. The reduced lubricants i
Slide 10: Decarbonisation targets and outcomes
DECARBONISATION 50% absolute emission and Key developments – 2021/2022 30% net emission reductions • South Deep 50MW plant on track for 2030 from 2016 baseline (Scope 1 and 2) completion in Q3 2022 targets Net zero emissions by 2050 • License received to expand South Deep solar plant capacity to 60M
Slide 11: South Deep Strategic Framework
z South Deep Strategic Framework Martin Preece 11
Slide 12: Low grade, bulk, mechanised and profitable gold mine
Om, Barro x... Om. °oOm Osx LOW GRADE, BULK, MECHANISED FOR OUR PEOPLE, OUR COMMUNITIES, OUR IMPROVEMENT AND PROFITABLE GOLD MINE STAKEHOLDERS AND OUR SHAREHOLDERS. THEMES / OKR'S FINANCIAL Profit achieved by meeting our targets OUR STAKEHOLDER VALUES Value that delivers on our promises focus on OUR
Slide 13: South Deep Strategy and Journey
SOUTH DEEP STRATEGY AND JOURNEY 2019 – 2021 (Stabilise and Optimise) 2020 – 2024 (Mine of the Future) Our Strategy and Journey has enabled our Achievements to date! Q3 2017 – Q1 2018 Q2 2018 – Q4 2018 (Diagnosis and Analysis) (Resetting the Mine) 13 13 13
Slide 14: Production Plan – Mining Area Gold Contribution
PRODUCTION PLAN – MINING AREA GOLD CONTRIBUTION Contribution per area 2017 Current Mine 54% NoW 46% 90-1bW 95-3W Pillar retreat 90-1aW 95-3W 95-2W 95-1W LEGEND 2018 2019 2020 Mining 2018 – 2023 2021 2022 100-1aW 2023 100-4W Destress heading on Strike 100-3W 100-1bW 100-2bW 14 100-2aW
Slide 15: Production Plan – Mining Area Gold Contribution
PRODUCTION PLAN – MINING AREA GOLD CONTRIBUTION Contribution per area 2017 2018 Current Mine 54% 45% NoW 46% 55% 90-1bW 95-3W Pillar retreat 90-1aW 95-3W 95-2W 95-1W LEGEND 2018 2019 2020 Mining 2018 – 2023 2021 2022 100-1aW 2023 100-4W Destress heading on Strike 100-3W 100-1bW 100-2bW 100-2aW
Slide 16: Production Plan – Mining Area Gold Contribution
PRODUCTION PLAN – MINING AREA GOLD CONTRIBUTION Contribution per area 2017 2018 2019 Current Mine 54% 45% 40% NoW 46% 55% 60% 90-1bW 95-3W Pillar retreat 90-1aW 95-3W 95-2W 95-1W LEGEND 2018 2019 2020 Mining 2018 – 2023 2021 2022 100-1aW 2023 100-4W Destress heading on Strike 100-3W 100-1bW 100-2bW
Slide 17: Production Plan – Mining Area Gold Contribution
PRODUCTION PLAN – MINING AREA GOLD CONTRIBUTION Contribution per area 2017 2018 2019 2020 Current Mine 54% 45% 40% 37% NoW 46% 55% 60% 63% 90-1bW 95-3W Pillar retreat 90-1aW 95-3W 95-2W 95-1W LEGEND 2018 2019 2020 Mining 2018 – 2023 2021 2022 100-1aW 2023 100-4W 100-3W 100-1bW 100-2bW 100-2aW
Slide 18: Production Plan – Mining Area Gold Contribution
PRODUCTION PLAN – MINING AREA GOLD CONTRIBUTION Contribution per area 2017 2018 2019 2020 2021 Current Mine 54% 45% 40% 37% 30% NoW 46% 55% 60% 63% 70% 90-1bW 95-3W Pillar retreat 90-1aW 95-3W 95-2W 95-1W LEGEND 2018 2019 2020 Mining 2018 – 2023 2021 2022 100-1aW 2023 100-4W 100-3W 100-2bW 100-2aW 1
Slide 19: Production Plan – Mining Area Gold Contribution
PRODUCTION PLAN – MINING AREA GOLD CONTRIBUTION Contribution per area 2017 2018 2019 2020 2021 2022 Current Mine 54% 45% 40% 37% 30% 21% NoW 46% 55% 60% 63% 70% 79% 90-1bW 13% 95-3W Pillar retreat 90-1aW 95-3W 7% 95-2W 95-1W LEGEND 1% 2018 2019 2020 Mining 2018 – 2023 2021 100-1bW 2022 20% 100-1aW 2
Slide 20: Production Plan – Mining Area Gold Contribution
PRODUCTION PLAN – MINING AREA GOLD CONTRIBUTION Contribution per area 2017 2018 2019 2020 2021 2022 2023 2024 2025 Current Mine 54% 45% 40% 37% 30% 21% 19% 16% 15% NoW 46% 55% 60% 63% 70% 79% 81% 84% 85% 90-1bW 95-3W Pillar retreat 90-1aW 95-3W 95-2W 95-1W LEGEND 2018 2019 2020 Mining 2018 – 2023 20
Slide 21: AISC R/kg & USD/oz SA Operations
AISC R/KG & USD/OZ SA OPERATIONS All-in Sustaining Cost Rand per Kilogram Per SA Mining Group (Gold Only) 1,800 1,600 1,400 1,542 Rand/Kg ('000) 1,200 1,000 800 808 803 836 600 718 744 728 652 664 623 673 400 574 558 585 558 483 514 510 200 0 2017 2018 2019 2020 2021 2022 H1 Gold Fields SD Sibanye H
Slide 22: South Deep Overview
z South Deep Overview Benford Mokoatle 22
Slide 23: History Timeline
HISTORY TIMELINE 1951 1959 1961 1990 1995 Western Area Western Area applies for Prospecting rights acquired Mineral Rights and land transfer to South Deep merges with Western Area Gold Mine a mining licence. by JCICL over waterpan, South Deep Exploration Company Ltd Gold Mining Company Ltd. Sinking
Slide 24: South Deep Overview
SOUTH DEEP OVERVIEW Briefly: • Our Orebody is situated on the NW rim of the Witwatersrand Basin • Average depth of operations: 2800 – 3400mbs • Complex consists of two shaft complexes: • Deepest single drop shaft in the world ~3km • Massive Mechanised Mining methods • Horizontal Destress with Longho
Slide 25: Orebody Thickness and Dip
OREBODY THICKNESS AND DIP Isopach Dip Analysis 16 different Lithologies Over the first 15m on strike Orebody the reef Thickness thickness increases from subcrop (0m) to 5m 1B DIP Avg.: 21˚ West East 4W DIP 3W DIP 2B DIP 2A DIP Avg.: 22˚ Avg.: 21˚ Avg.: 19˚ Avg.: 19˚ Proximal Distal VCR used for anal
Slide 26: Evolution of Mining Methods
Evolution of Mining Methods Roelof Niehaus 26
Slide 27: Evolution of the Mining Method
EVOLUTION OF THE MINING METHOD Mechanised Pre Predominantly Longhole 2008 Mechanised destress starts in 951W mining starts 1. 1998 conventional 1998 Drift and 2006 stoping starts longwall mining 95-1W All conventional Mining stopped Benching 2. 2009 horizontal destressing with long hole stoping star
Slide 28: Evolution of the Destress Mining Layout
EVOLUTION OF THE DESTRESS MINING LAYOUT 2009 2013-2014 2015 2016 2017-2019 2020 2021 20 x 8 Crush Pillars and 15 x 7 Crush Pillars Further Optimisation; LP HP development 6 X 10 Yield Pillars 20 x 8m Rib Pillars support system & N-S mining support system and layouts a.Primary excavation with low a.P
Slide 29: Journey to Operational Excellence: Evolution of Support
JOURNEY TO OPERATIONAL EXCELLENCE EVOLUTION OF SUPPORT Evolution of support for improved seismic damage containment 2017 • Introduction of high yield / energy absorption bolt • Mesh extended to excavation shoulders 2019 • Vulcan bolt rollout (improved technology) • Shotcrete to shoulders of SADS 202
Slide 30: Internal Business Process
Internal business process Grant Webber 30
Slide 31: Journey to Operational Excellence: Quarter on Quarter Comparison
JOURNEY TO OPERATIONAL EXCELLENCE QUARTER ON QUARTER COMPARISON – Q2 2017 – Q2 2022 Total Metres (Incl NMD) Total Tonnes Broken 6,000 1,200 1,200 250 5,000 1,000 1,000 200 4,000 800 800 Metres Kt t/'000 empl m/'000 empl 150 3,000 5,705 600 600 5,578 914 966 100 2,000 400 400 2,844 2,774 2,473 2,889
Slide 32: Journey to Operational Excellence: South Deep Cash Flows
JOURNEY TO OPERATIONAL EXCELLENCE SOUTH DEEP CASH FLOWS Net Cash From Operating Activities 2,000 1,435 1,500 1,131 1,000 558 R'Million 500 196 175 151 0 (22,324) -500 (206) -1,000 (814) (838) (804) (1,054) (1,130) (1,050) -1,500 (1,257) (1,640) -2,000 (1,762) (1,891) -2,500 Initial 2006 2007 2008 20
Slide 33: While the results are pleasing, we still have a long way to go
While the results are pleasing, we still have a long way to go to achieve all our aspirations These results are the foundation on which we will build a world class business 33
Slide 34: Thank you
Thank you Questions? 34