Slide 1: Gold Fields South Deep site visit
Gold Fields South Deep site visit May 2022 Gold Fields South Deep site visit | 6 May 2022 1
Slide 2: Itinerary
Itinerary PART 1 - Surface PART 2 – U/G HOST TIME Conveyance to U/G (Down to 93 level) ETA 07:00 Conveyance 93 Level. Cruisers to be arranged Louis 08:30 08:45 Meet and Greet and Nkandla Engineering Workshop Louis Arrival Breakfast: Safety Martin 07:00 07:15 C4C4: Mining through highly stressed Boar
Slide 3: Agenda
Agenda South Deep in the Group context Chris Griffith South Deep strategic framework Martin Preece South Deep overview Benford Mokoatle • History of the mine • Orebody characteristics • Evolution of the mining method • Journey to excellence 3 Gold Fields South Deep site visit | 6 May 2022
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: Key takeaway message here
KEY TAKEAWAY MESSAGE HERE Gold Fields South Deep site visit | 6 May 2022 5
Slide 6: A globally diversified gold miner
A globally diversified gold miner FY 2021 Snapshot 2021 gold production contribution Gold Fields Group Americas: Mines: 9 South 11% Projects: 1 Africa: 12% Countries: 5 Att. production: 2,340koz Australia: AIC: US$1,297/oz 42% Mine net cash flow: US$913m Free cash flow**: US$463m West Africa: 35% We
Slide 7: Highlights for Q1 2022
Highlights for Q1 2022 Solid business performance, despite Covid and inflationary challenges Safety TRIFR of 2.74 (2021: 2.16) ESG Integrated Annual Report, Climate Change Report and Report to Stakeholders released Operations Solid quarter - production up 7% YoY to 580koz Cash generation Free cash-f
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 • Conformance to the Global Industry • 80% water recycled/reused emission reductions from 2016 baseline Standard on Tailings Management • 45% reduction in freshwater use from
Slide 9: Decarbonisation key developments 2021/2022
Decarbonisation Key developments – 2021/2022 2030 • 50% absolute emission and 30% net emission • South Deep 50MW plant on track for reductions from 2016 completion in Q3 2022 targets baseline (Scope 1 and 2) • License received to expand South Deep solar • Net zero emissions plant capacity to 60MW by
Slide 10: Video – Update on South Deep and Gruyere solar
VIDEO – UPDATE ON South Deep and Gruyere solar https://www.youtube.com/watch?v=GS9ISSXTfeI
Slide 11: South Deep Strategic Framework
z South Deep Strategic Framework Gold Fields South Deep site visit | 6 May 2022 11
Slide 12: Gold Fields South Deep site visit | 6 May 2022
Gold Fields South Deep site visit | 6 May 2022 12 12
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 Gold Fields South Deep site visit | 6 May 2022
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 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) 900 000 800 000 700 000 600 000 Rand/Kg 500 000 400 000 574 406 807 688 622 726 585 482 651 514 300 000 482 693 803 260 557 530 717 966 743 967 200 000 514 333 509 878 558 494 664 451 728 121 10
Slide 22: Overview
z OVERVIEW 22 Gold Fields South Deep site visit | 6 May 2022
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 Thickness the reef 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 the mining method
Evolution of the mining method Predominantly Mechanised Pre conventional mining starts Longhole 1. 2008 Mechanised destress starts in 951W 1998 2006 stoping starts 1998 longwall mining Drift and All conventional Mining stopped Benching 95-1W 2. 2009 horizontal destressing with longhole stoping start
Slide 27: 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 28: Journey to operational excellence
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 29: Internal business process
Cry] Fieros (Nadeanbi Internal business process
Slide 30: Journey to operational excellence
Journey to operational excellence Gold Recovered Plan ACT Plan KOz/TEC ACT MTBF Total Metres Per Rig & MTBF 400 80 110 12.0 350 28 70 100 20 10.0 90 KOz per thousand employees 300 3 60 80 8.0 KOz Metres/Rig/Month MTBF 250 50 70 6.0 200 40 60 95 100 50 85 86 4.0 150 30 72 282 157 222 227 293 309 320
Slide 31: Journey to operational excellence
Journey to operational excellence Quarter on Quarter Comparison – Q1 2016 - Q1 2022 Total Metres (Incl NMD) Total Tonnes Broken 4,020 700 520 11% 100 19% 90 m/empl empl. 3,520 470 600 t/empl empl. 3,020 420 80 500 370 70 Meters / thousand Metres 2,520 Kt 320 60 Tonnes / thousand 400 2,020 270 50 3,6
Slide 32: Journey to operational excellence – South Deep Cash Flows
Journey to operational excellence South Deep Cash Flows Net Cash from Operating activities 1 435 1 500 1 000 558 500 196 175 151 0 -22 324 R'Million -206 -500 -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 2009 2010 2011 2012 2013 2
Slide 33: Gold Fields South Deep site visit | 6 May 2022
33 Gold Fields South Deep site visit | 6 May 2022
Slide 34: Thank you
THANK YOU Questions? Gold Fields South Deep site visit | 6 May 2022 34