Harmony Gold Mining Co. Ltd. · JSE:HAR
Harmony Gold Mining — Corporate Update (March 2011)
29 slides from Harmony Gold Mining's corporate update, March 2011
Slide 1: MMJV Analyst Tour: Wafi Golpu – A World Class Project
MMJV Analyst Tour Wafi Golpu – A World Class Project March 2011
Slide 2: Harmony Gold Mining Company Safe Harbor Statement
Harmony Gold Mining Company Safe Harbor Statement 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 to be covered by the safe harbour creat
Slide 3: Newcrest Mining Ltd Statements
Newcrest Mining Ltd Statements 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 Instit
Slide 4: Background
Background 2007 Pre-Feasibility Study; Technically and financially viable mining operation 100Mt block cave on Golpu ~US$0.64/lb cash cost US$1.5B Capital 13 year mine life Positive NPV but needed improving We are here 2007 Recommendations Gate Gate Seek capital reduction Gate Concept
Slide 5: Wafi Golpu
Wafi Golpu 5
Slide 6: Geology and Resources
Geology and Resources Stuart Hayward
Slide 7: World Class Resource
World Class Resource Gold Deposit Tonnes Gold Copper Gold Copper equivalent* (Mt) g/t % Moz Kt Moz Golpu 501 0.54 0.95 8.8 4767 30.9 Nambonga 40 0.79 0.22 1.0 86 1.4 Wafi 96 1.55 4.8 4.8 Wafi Link 7 6.62 1.4 1.4 Total 644 0.77 0.75 16 4853 38.5 1 Resource figures quoted as 100 %. Gold equivalent bas
Slide 8: Significant Resource upgrade and open at depth
Significant Resource upgrade and open at depth Golpu July 2010 resource upgrade: Gold increased from 3.0 to 8.8 Moz Copper increased from 1.8 to 4.8 Mt Molybdenum increased from 22kt to 55 kt On an ounce equivalent basis1 the Golpu deposit increased to 30.9 Moz Au Drilling continues to grow
Slide 9: Open along strike – Recent Success
Open along strike – Recent Success
Slide 10: Resource characteristics
Resource characteristics GOLPU large copper gold porphyry – high grade Cylindrical shape amenable to block caving “Standard” metallurgy WAFI Structurally controlled epithermal gold deposit. High sulphidation system (+oxide) Require more complicated metallurgical recovery Wafi Amena
Slide 11: Exploration Potential
Exploration Potential Major mineralised system with PLAN VIEW MIAPILLI multiple phases NAMBONGA PORPHYRY* Copper – gold 1.0 Moz Au 80 Kt Cu u Gold Northern Margin Western W GOLD The system currently contains Zone resources comprising 644Mt: 16 Moz gold Nambongaa SIGNIFICANT GROWTH 4.8 Mt
Slide 12: Wafi Transfer Zone
Wafi Transfer Zone Zimake • Excellent prospectivity for major porphyry Cu/Au Systems and related epithermal Au mineralisation • Regional exploration programs Bavaga currently focussed at Bavaga, Zenapu, Zimarke and Mt Tonn Bavaga • 17km trend Zenapu Miapilli • High tenor, cohesive gold surface Nambo
Slide 13: Resource Benchmarking: Gold and Copper Grade
Resource Benchmarking Gold and Copper Grade Highest gold and one of the highest copper grade porphyry deposits in the world Resource size significant and growing 1.2 1.0 Oyu Tolgoi Grasberg 0.8 Sarcheshmeh Salobo Cerro Colorado Cu Grade (%) Los Pelambres Tampakan Golpu Bingham Canyon 0.6 Frieda
Slide 14: Resource Benchmarking: Resource size and gold equivalent grade
Resource Benchmarking Resource size and gold equivalent grade Only Grasberg and Oyu Tolgui high gold equivalent grades Resource size significant and growing Feasibility Stage Producing Assets Earlier Stage Projects Projects ____________________ (1) Note: Bubble size represents total reserves and
Slide 15: Golpu – Grasberg Comparison
Golpu – Grasberg Comparison Golpu Grasberg Golpu has similar characteristics as the Grasberg Resource Limit of Drilling Golpu is approaching FEB Grasberg size in long 2011 Pit section (shown here). Grasberg has Final 2016 Pit greater thickness OPEN Block Golpu highest Cave Block Cave grades are on t
Slide 16: Operations and Studies
Operations and Studies Charles De Villiers
Slide 17: On Site Operations
On Site Operations Drilling – Currently 5 drill rigs operations – Will increase rigs as study progress, targeting: Resource infill & expansion geotechnical & metallurgical properties hard rock (Exploration department testing for limestone sources) Road Construction – Portal access road c
Slide 18: Environmental Management
Environmental Management Environmental consideration will drive many development decisions Currently developing Environmental Management Plan Gathering environmental baseline data Water quality monitoring Flora and fauna surveys Establishing nurseries for rehabilitation
Slide 19: Supporting the Community
Supporting the Community Support based on stakeholder consultation and feedback on priorities with sustainable outcomes: Health Clinical services Construction of new aid post at Babuaf Educational School fee assistance Maintenance of schools Water Supplies Constructing water supplies
Slide 20: Establishing Community Support
Establishing Community Support Social Impact Assessment Cultural Sensitivity Training for JV Employees Project Awareness and Engagement Consultation and Information Capacity Building for Landowner Groups Training, Preparation for Employment and Business Opportunities
Slide 21: Supportive Government
Supportive Government Mining Minister very supportive of project Land Titles Commission progressing Open door to MRA and DEC
Slide 22: Pre Feasibility Study
Pre Feasibility Study PFS will determine scale of operation, current Resource indicates; 600Mt – 800Mt mining inventory 20 – 30Mtpa throughput 300 – 700oz gold/yr 200 – 320kt copper/yr Lowest quartile cash cost Multiple mining and infrastructure options Potential to increase size of
Slide 23: Mining Options
Mining Options Golpu •Robust Resource •Block Cave or Panel cave •Testing optimal level placement, NPV optimisation Wafi •Open pit and Underground options •Metallurgy difficult •POX •Pre – treatment oxidation Nambonga and other prospects •Requires further exploration but infrastructure to incorporate
Slide 24: Nabonga Creek
Watut River Flats Watut Portal Camp Buvu Creek Vent Ridge Nabonga Creek Portal Wafi Caves Golpu Lift 1 Golpu Lift 2 Bulk Sample Level Access & Vent Shaft Early Access
Slide 25: Optimal Decline Path allows flexibility for Growth
Optimal Decline Path allows flexibility for Growth Portal OPEN Nambonga Golpu • Perpendicular to major geological structures • Passes near Nambonga and Wafi (underneath) Wafi • Turnaround at transfer station allows plenty of time to assess final portion of design • Shaft locations do require further
Slide 26: Infrastructure Options
Infrastructure Options Nadzab 9 Mile Lae Processing Tunnel Port Wafi-Golpu Village Transport Corridor
Slide 27: Summary – Wafi Golpu: A world class project
Summary – Wafi Golpu A world class project Quality resource – tonnes, grade, morphology, metallurgy (Golpu) Targeting lowest quartile C1 cash costs Close proximity to good infrastructure Established in Morobe with an experienced team Already have built a mine at Hidden Valley Stable regu
Slide 28: Tomorrow's Tour
Tomorrow’s Tour 1. Drive to 9 Mile 2. Chopper to Wafi •Markham Bridge NADZAB Airport •Lae Bulolo Hwy Potential Plant and TSF Site •Demarkwa •Access track •Circuit Wafi 9 mile Markham Bridge Potential TSF Site 3. Wafi Site Tour •Camp / General •Drill core Pioneering Road Demakwa Camp •Drill site Watu
Slide 29: Em Tasol
Em Tasol 29
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