Pan African Resources Plc · LSE:PAF
Pan African Resources — Corporate Update (January 2019)
25 slides from Pan African Resources's corporate update, Jan 31, 2019
Slide 1: Elikhulu Site Visit
ELIKHULU SITE VISIT 31 JANUARY 2019 PROFITABLE • SUSTAINABLE • STAKEHOLDERS • GROWTH
Slide 2: Disclaimer
DISCLAIMER The name 'Presenter' refers to Pan African Resources PLC and its advisors, subsidiaries or affiliated companies. This presentation has not been filed, lodged, registered or approved in any jurisdiction and recipients of this document should keep themselves informed of and comply with and
Slide 3: Forward Looking Statements
FORWARD LOOKING STATEMENTS Statements in this report that address future financial performance, exploration activities, mining potential and future plans and objectives of Pan African Resources are forward-looking statements and forward- looking information that involve various risks, assumptions an
Slide 4: Mission - To be a safe, low-cost and sustainable world-class gold producer
PURPOSE STATEMENT – To exploit mineral deposits in a manner that creates value for our stakeholders and for the betterment of society in a safe and sustainable manner Mission - To be a safe, low-cost and sustainable world-class gold producer 4
Slide 5: Presentation Summary
PRESENTATION SUMMARY • Safety – A non-negotiable operational objective • World-class gold producer – turning rehabilitation liabilities into profits › Pan African Resources track record › Elikhulu – From dream to reality › Outlook – Pan African tailings operations 5
Slide 6: Safety
SAFETY A Non-negotiable operational objective
Slide 7: Safety – A Non-Negotiable Operational Objective
SAFETY – A NON-NEGOTIABLE OPERATIONAL OBJECTIVE Industry leading safety record Per million man hours 6 5 4 3 2 1 0 2015 2016 2017 2018 H1 - 2019 ** PAR Group LTIFR 2.29 3.50 3.51 3.73 1.77 Industry LTIFR * 4.67 5.22 4.44 - - Barberton Mines LTIFR 1.87 1.86 2.05 1.93 1.80 Barberton Mines RIFR 0.62 0.
Slide 8: World Class Gold Producer – Turning Rehabilitation Liabilities into Profits
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES TO PROFITS
Slide 9: Track record of delivering gold tailings retreatment projects
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Pan African Resources’ track record of delivering gold tailings retreatment projects Investment capital/ Project purchase price (ZARm) Forecast payback period BTRP 325 Paid back in 18 months ETRP 174 Paid back in less than 3
Slide 10: Elikhulu – Site map
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Site map 10
Slide 11: Elikhulu – Plant flow sheet
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Plant flow sheet ELIKHULU TAILINGS RE-TREATMENT PLANT FLOW SHEET LIME MAKE-UP CYANIDE OXYGEN PLANT FEED SLURRY RECEIVING AND CIL PLANT TAILINGS STORAGE FACILITY SCREENING (TSF) SCREEN OVER S
Slide 12: Elikhulu – Progress update
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Progress update • Phase 1A construction completed on time and on budget Construction completion - beginning of August 2018 First gold produced - August 2018 Steady state throughput ach
Slide 13: Contributions to successful project implementation
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Contributions to successful project implementation • Involvement of owners team Selection of the best team, who have been involved in previous PAR projects Entire team involved during th
Slide 14: Elikhulu – Success story
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Success story • Despite challenges encountered during construction, the plant and phase 1A of TSF were completed in less than 12 months • 2.5 million man-hours, 2,000 tonnes of steel and 40,
Slide 15: Ahead of schedule and on budget
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Ahead of schedule and on budget Date Status • Detail engineering commences Quarter 4 2016 • Procurement commences Quarter 2 2017 • Environmental and Social Impact Assessment approval Qua
Slide 16: Elikhulu – Original design
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Original design 16
Slide 17: Elikhulu – Actual completed plant
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Actual completed plant 17
Slide 18: Year to date production
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Year to date production Tonnes Recovery 1,400,000 70% 1,200,000 60% 1,000,000 50% 800,000 40% 600,000 30% 400,000 20% 200,000 10% 0 0% Sep-18 Oct-18 Nov-18 Dec-18 ** Looking forward * Tonnes
Slide 19: Operating cost as per definitive feasibility study
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Operating cost as per definitive feasibility study 1% 8% 11% 3% Salary and wages 17% Processing costs Engineering and technical services Electricity costs Security costs Administration and o
Slide 20: Monthly deposition plan
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Monthly deposition plan 20
Slide 21: Tailings dam extension
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Tailings dam extension 21
Slide 22: Leeuwpan
WORLD CLASS GOLD PRODUCER – TURNING REHABILITATION LIABILITIES INTO PROFITS Elikhulu – From dream to delivery Leeuwpan 22
Slide 23: Outlook – Pan African Tailings Operations
OUTLOOK – PAN AFRICAN TAILINGS OPERATIONS
Slide 24: Outlook: Group gold production from surface sources
OUTLOOK Group gold production from surface sources Oz AISC (USD) 100,000 800 90,000oz* 700 80,000 600 60,000 56,218oz 500 46,742oz 400 38,754oz 40,000 300 30,806oz 200 20,000 100 0 0 2015 2016 2017 2018 Indicative new Elikhulu - - - - 70,000 * ETRP 6,523 18,151 29,473 21,250 BTRP 24,283 28,591 26,74
Slide 25: Thank You
THANKYOU PAN AFRICAN RESOURCES PLC
Pan African Resources — Corporate Update (January 2019) on 6ix