Harmony Gold Mining Co. Ltd. · JSE:HAR
Harmony Gold Mining — PNG Mining and Petroleum Conference 2012
19 slides from Harmony Gold Mining's conference presentation, December 2012
Slide 1: PNG Mining and Petroleum Conference
PNG Mining and Petroleum Conference MMJV EXPLORATION Conrad Palaulo (GM Exploration) December 2012
Slide 2: Newcrest Disclaimer
Newcrest Disclaimer Competent Persons Statement The information in this presentation that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by C. Moorhead, EGM Minerals for Newcrest Mining Limited who is a Member of The Australasian Institute of Mini
Slide 3: Harmony's Safe Harbour Statement and disclaimer
Harmony’s Private Securities Litigation Reform Act Safe Harbour Statement and disclaimer This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and 21E of the Securities Exchange Act of 1934, as amended, that are intended
Slide 4: MMJV vision, mission and objectives
MMJV vision mission and objectives Vision Statement: Creating a world class mineral province in PNG Mission Statement: Discovering, developing and operating gold mines in Morobe Province to build a sustainable long term business to benefit all our stakeholders Strategic Objectives / Context: • Growt
Slide 5: Content
Content 1 Morobe Province Overview 2 MMJV Exploration Wafi Golpu & Wafi Transfer District 3 • Kesiago • Mt.Tonn Hidden Valley – Wau District 4 • Project Generation Regional Exploration 5 • Garawaria 6 Conclusion 5
Slide 6: Morobe Province geology & endowment
Morobe Province geology & endowment Wafi – Golpu1 28.3 Moz Au Bulolo alluvials2 2.1 Moz Au Gold Resources Moz1 +20 Hidden Valley Project1 6.2 Moz Au 5 - 20 25 km 0-5 (1) Refer www.newcrest.com.au or www.harmony.co.za for July 2012 resource statement. Resource figures quoted on 100% basis. MMJV (2) H
Slide 7: Morobe Province resources
Morobe Province resources Morobe Mining JV Resource Inventory1 • Developing world 100.0 class mineral 90.0 province 80.0 Excellent brownfield • Under-explored and 70.0 greenfield opportunities Gold Equivalent (Moz) 60.0 • Ongoing 50.0 exploration investment 40.0 converting to 30.0 resource ounces 20
Slide 8: Morobe Mining JV land position
Morobe Mining JV land position • 11 Granted ELs; 2810 km2 • 5 Renewal ELs; 1142 km2 • 5 EL applications; 1292 km2 • 1 Granted ML; 41 km2 • Total MMJV tenure; 5386 km2 • FY13 exploration budget: PGK 48M (AUD $20M)
Slide 9: Morobe Mining JV exploration targets
Morobe Mining JV exploration targets Zimake Lae Wafi-Golpu Kesiago Mt.Tonn Exploration activities focused along; • Wafi Transfer • Wau corridor Keremenge • Garawaria trend HV mine Garawari Wiwo
Slide 10: Exploration budget
Exploration budget • Kina 48M (A$20 M) • 20,880m drilling – up to 4 drill rigs operating throughout the year 7% • Accelerated turnover of8%targets 9% on Wafi Transfer, Hidden 32% District, and regional Valley prospects 23% • 7000 surface samples; major 68% 8% 36% focus on generative work in Hidden V
Slide 11: MMJV exploration team
MMJV exploration team • 187 Employees 20 National Geologists Support professionals in Database/ GIS, Safety, Community Affairs & Logistics • 70% local employment with flow-on benefits to local communities • Training • +150 Locals employed through drill contractor
Slide 12: Licence to operate
Licence to operate Community • Proactive community relations • 12 CA Officers • 5 Liaison Officers • Liaise closely with Hidden Valley and Wafi projects • Establish working committees with local communities • Liaison with LLG and Provincial government and MRA Environment • Baseline environment studi
Slide 13: MMJV exploration portfolio
MMJV exploration portfolio • Operations - sustaining & HIDDEN VALLEY improving OPERATIONS OPERATIONS • Development - unlocking WAFI/GOLPU value DEVELOPMENT HIDDEN VALLEY WAFI Regional • Discovery – creating – WAU DISTRICT TRANSFER ZONE opportunities DISCOVERY
Slide 14: Wafi Transfer – A developing porphyry Cu-Au district
Wafi Transfer – A developing porphyry Cu-Au district • Excellent prospectivity for major Zimake porphyry Cu/Au Systems and related epithermal Au Bavaga mineralization • 25km trend • Regional exploration programs currently focused at Mt Tonn, Wafi-Golpu Project* Kesiago Wafi/Golpu 1.17 Bt @ 0.75 g/t
Slide 15: Kesiago section: simplified geology and structures
Kesiago section: simplified geology and structures Overprinting alteration and 337.4m@ 0.3 g/t Au from 42.6m mineralisation events evident ? 438.0m @ 0.39 g/t Au from surface Incl. 246.0m @ 0.61g/t Au from 0.0m ? 121m @ 0.2g/t Au from 498m ? Mineralised system 3 km south of Wafi-Golpu
Slide 16: Hidden Valley – Wau district
Hidden Valley – Wau district PLAN VIEW • Gold rich district, endowment >8Moz Wau > 600Koz (1) • Portfolio of highly prospective exploration targets within 10km radius Exploration target of Hidden Valley plant Mungowe Edie Creek Kulang ~ 90Koz (1,2) target • Current focus: - Kerimenge 2012 HAMATA - U
Slide 17: HV – Wau; An epithermal Au-Ag district
HV District mineralisation model HV – Wau; An epithermal Au-Ag district Edie Creek Mines Wau Mines Heyu Hamata Kulang Kerimenge Hidden Valley Hanging wall Hanging wall mineralisation mineralisation
Slide 18: Regional prospects: Garawaria
Regional prospects: Garawaria • Located 54km SSE of Trench 1 99m @ 2.11g/t Trench 1c HV 62m @ 4.01g/t Trench 3 • One of the largest, high 77m @ 1.01g/t order Au anomalies developed on the Morobe tenement Trench 5 package 12m @ 2.06g/t Camp 200m • +1500m open ended anomaly with assays up to 3.4 g/t i
Slide 19: Summary
Summary 1. Wafi-Golpu Drilling continues to develop ore-body knowledge and highlight excellent potential to expand the resource base eg. Kesiago 2. Hidden Valley-Wau district Mineralisation model developed for satellite deposit exploration • Generative soils • Drilling Kerimenge for high grade miner
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