Gold Fields Limited · JSE:GFI
Gold Fields — Diggers & Dealers 2018
24 slides from Gold Fields's conference presentation, Aug 7, 2018
Slide 1: Gold Fields Australia – Delivery, Exploration, Growth
Gold Fields Australia – Delivery, Exploration, Growth STUART MATHEWS Executive Vice President: Australasia 7 August 2018 – Diggers & Dealers Presentation 2018
Slide 2: 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 among others those relating
Slide 3: Global Footprint
Global Footprint Gold Fields Group 2017 Performance Mines: 7 Projects: 2 Att. production: 2,160koz AIC: US$1,088/oz Net cash flow*: US$441m West Africa region Mines: Tarkwa and Damang Att. production: 639koz AIC: US$1,119/oz Net cash flow*: US$179m inflow Australia region Americas region Mines: St I
Slide 4: Australia
Australia Invicible Open Pit Regional Summary St. Ives Mine ● 17 years in Western Australia ● 3rd largest gold miner in Australia (2nd in WA) ● Underground (80%) & Open Pit Mining (20%) ● 43% of Group gold production ● 42% of Net Cash Flow ● Approx. 2200 employees and contractors ● +A$1bn contributi
Slide 5: Gold Fields in Australia – 2017 Performance
Gold Fields in Australia – 2017 Performance • Production: 935koz • AIC: A$1,238/oz Gold Fields (US$948/oz) Australia • Net cash flow: (Divested US$187m (A$243m) Oct’17) • Production: 364koz • AIC: A$1,198/oz St Ives (US$922/oz) • Net cash flow: US$83m (A$108m) • Production: 290koz • AIC: A$1,171/oz
Slide 6: Historical Gold Production Profile - Australia
Historical Gold Production Profile - Australia Australian Gold Production Ozs Acquisition of 1,000,000 Granny Smith, Lawlers, Darlot Oct’13 800,000 600,000 400,000 200,000 Darlot Granny Smith Agnew - 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 St Ives Gold Fields
Slide 7: Exploration in Australia Region
Exploration in Australia Region Gold Fields - Reinvesting for the future, Diggers and Dealers, August 2017
Slide 8: Exploration Expenditure
Exploration Expenditure Sustained & Growing Investment Exploration Expenditure – Australia 120.0 100.0 Gold downturn Company restructure Granny Smith, Lawlers, Darlot acquisition 80.0 Darlot Divestment 60.0 St. Ives Mill Upgrade 40.0 4 Mines 2 MInes 20.0 Agnew Agnew St. Ives St. Ives Granny Smith -
Slide 9: Exploration Investment History
Exploration Investment History Australia Context A$76.6M Average A$43M 2013 - 2017 Average 4 Mines A$36M 2005 - 2012 (St. Ives, Agnew, Granny Average Smith, Darlot) 2 Mines 1x Development Project A$28M 2002 - 2004 Multi-mine site at St. Ives Increased mill capacity 2017 – A$94M 2 Mines Increased pro
Slide 10: St Ives Gold Mine – Exploration Focus 2018
St Ives Gold Mine – Exploration Focus 2018 A$37M Exploration Budget 2018 20km Diggers & Dealers, 7 August 2018 – Stuart Mathews 10
Slide 11: St Ives – Exploration and Growth
St Ives – Exploration and Growth Invincible Camp Exploration (2018) Target Description: Brecciated mudstone hosted mineralisation Potential: +2Moz Additional Exploration: Extensional Exploration: Broad step out drilling to identify the scale of the Invincible ore Extend Invincible Deeps up dip a
Slide 12: St Ives – Exploration 2018
St Ives – Exploration 2018 Invincible Deeps Extensions 8.5m @ 3.80 g/t Au (856m) 10.0m @ 8.40 g/t Au (714m) 4.1m @ 4.05 g/t Au (860m) 12.8m @ 11.56 g/t Au (919m) GM Open Intercept 4.1m @ 4.54 g/t Au (977m) Planned Drilling 100m Completed Drilling Currently Drilling Diggers & Dealers, 7 August 2018 –
Slide 13: St Ives – Exploration 2018
St Ives – Exploration 2018 Invincible South – Stage 4 Drilling Target Description: Sheared mudstone hosted # of Holes Drilled/planned: 15 (18/32) mineralisation Metres (drilled/planned): 6,522 (8,842/14,338) Potential: >500Koz Assays (from holes): 11 (14/32) 12.6m @ 6.25g/t Au (237m) 15.4m @ 3.34g/t
Slide 14: Agnew Gold Mine
Agnew Gold Mine A$25M Exploration Budget 2018 CM Waroonga North Potential 500 koz MR New Holland South Potential 50 koz Sheba South UG Potential 100 koz FBH South VV Potential 50 koz NH WR MC Redeemer North/Zone 2 RD Potential >1 Moz FL LV GE CR CR DG SV Legend: Extensional Program Additional Progra
Slide 15: Agnew Gold Mine
Agnew Gold Mine Exploration & Growth at Waroonga – focus areas Context Multiple narrow lode ore bodies (1-5 metres) Limited strike extents Large vertical extent (steeply dipping) Coarse gold 3 years reserves for 35 years Open Open Open Open Mined since 1993 – Right Investment level maintains life an
Slide 16: New Holland UG Exploration 2018
New Holland UG Exploration 2018 Exploration and Growth at New Holland Underground – focus areas Long Section (looking West) Context Narrow lodes (1-5 metres Genesis West Shallow dips Lith Coarse gold NH East Genesis New Holland North-East South Lower Genesis Sheba North South Sheba North Lower Genes
Slide 17: Agnew Gold Mine
Agnew Gold Mine Sheba South Surface drilling Target Description: Strike extension of Sheba South # of Holes Drilled: 2 (3 / 3) and Simba (660) Lode. Metres: 1,814 (2,735 / 2,735) Assays: 3 (3 / 3) Potential: 100koz Results: • EMSD1628 – 1.05m @ 16.81 g/t from 642m - 660 Lode (17 gm) • EMSD1629 – 3.2
Slide 18: Agnew Gold Mine
Agnew Gold Mine Sheba South Surface – Long Section Drilling Legend: Completed Not budgeted EMSD1629 – 3.25m @ 27.93 g/t EMSD1628 – 1.05m @ 16.8 g/t EMSD1628W1 - 2.9m EMSD1628W1 4.05m @ 20.54 g/t @ 19.85 g/t Q2 2018 | Agnew Gold Mine | 11 July 2018 18
Slide 19: Granny Smith – Wallaby Underground
Granny Smith – Wallaby Underground Resource Definition Resource Optimisation Extensional Exploration Zone 250-60 Zone 100 25x25m Zone 70 Mine Definition Zone 80 Zone 90 Zone 135 50x50m Zone 250-60 Resource Definition Zone 100 Zone 70 Zone 90-100 West Zone 80 Zone 110-120 Extensional Exploration Zone
Slide 20: GSM – 2018
GSM – 2018 Wallaby Zone 90-Zone 100 West 100x100 Target Description: Zone 90-Zone100 Extension # of Holes Drilled: 3 (8/8) Potential: 500Koz Inventory Metres: 1,273 (4,445/4,500) Assays: 1 (5/8) Results: • WB4358UD - 3.1m @ 6.81g/t from 498m and 6.8m @ 2.46g/t from 651m Zone 90 • WB4359UD – Pending
Slide 21: GSM Monthly Update – June 2018
GSM Monthly Update – June 2018 Wallaby North Surface DD – Upper Wallaby extensions Target Description: Upper Wallaby ore extension # of Holes Drilled: 0 (9/9) Potential: 200Koz Inventory Metres: 0 (3,390/3,306) Assays: 2 (9/9) Results: A’ • WB4336D - 1.84m @ 8.17g/t (Z256 HW3) • WB4350D - 7.60m @ 4.
Slide 22: Granny Smith - Exploration
Granny Smith - Exploration 76 Tenements for 95,933Ha 400m x 400m regional AC program commenced 2015 – previous RAB and AC ineffective or nil Improving exploration pipeline throughout the region – only a small number of new targets tested to date Granny Smith Successful exploration on Lake Ca
Slide 23: Gold Fields Exploration in Australia
Gold Fields Exploration in Australia Investing for the future ● A$85M exploration Budget for 2018 ● Strategic Exploration Budgets of A$85M to A$100M annually ● World class exploration group to deliver - Structural - Geochemistry - Target generation specialists - Geophysics - Data analytics ● Targete
Slide 24: Thank you
Thank you QUESTIONS AND ANSWERS