Slide 1: Gold Fields – Investing In Australia
Gold Fields – Investing In Australia GARY SNOW VP Exploration and Head of Geology 12 October 2020 ‐ Diggers & Dealers Presentation
Slide 2: Forward Looking statements
Forward Looking statements Terms of use 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 docu
Slide 3: Gold Fields Global Footprint
Gold Fields Global Footprint A globally diversified gold miner – H1 2020 results Gold Fields Group Mines: 9 Projects: 1 Countries: 5 Att. production: 1,087koz AIC: US$1,065/oz Mine net cash flow: US$405m inflow Net cash flow**: US$320m inflow West Africa region Mines: Tarkwa, Damang and Asanko Att.
Slide 4: Investing In Our Operations - Renewable Power
Gold Fields – Investing In Australia Our Values – Safety, Honesty, Respect, Innovation & Delivery Investing In Our Operations ‐ Renewable Power • Wind Farm (Agnew Gold Mine) • Ground to central hub – 110m (Blade length – 69m) • Max rpm – 12 (316km/hr) • Solar • 10,710 panels (8ha; Agnew) • 23,040 pa
Slide 5: Are we investing in the right ground?
Gold Fields – Investing In Australia Our Values – Safety, Honesty, Respect, Innovation & Delivery Budget Are we investing in the right ground? First Total Life To Mine Discovery Production Production Date Time To Waroonga 1985 1987 33 8Moz Discovery New Holland 1983 1986 34 People Process Granny Smi
Slide 6: Exploration Process
Gold Fields – Investing In Australia Our Values – Safety, Honesty, Respect, Innovation & Delivery Exploration Process Gold Fields Exploration Management System – GEMS (Ensure Financial & Technical Excellence & Management) Gold Fields ‐ Investing In Australia | Gary Snow | 12 October 2020 6
Slide 7: Exploration Process
Gold Fields – Investing In Australia Our Values – Safety, Honesty, Respect, Innovation & Delivery Exploration Process Lithology 50m Gravity Magnetics Alteration N Mineral Maps 50m Magnetics Detailed Magnetics • GEMS • Foundational Geological datasets • Geochemistry • BOH m/e, alteration (SWIR), path
Slide 8: Exploration Process
Gold Fields – Investing In Australia Our Values – Safety, Honesty, Respect, Innovation & Delivery 3.6Moz ‐ Victory Exploration Process • Exploration Operating System – Ensure Financial & Technical Excellence • Geological datasets (optimised for brownfields discovery) • Foundational datasets acquisit
Slide 9: YETI – Scanning Project
Gold Fields – Investing In Australia Our Values – Safety, Honesty, Respect, Innovation & Delivery YETI – Scanning Project Logged Assay Scan Altn Lith DL = 0.001ppm DL = 0.1ppm Au + Select ME_Alteration Elements + Select Key Pathfinders 10xBackgrond Gold Fields ‐ Investing In Australia | Gary Snow |
Slide 10: Granny Smith Gold Mine at a glance
Gold Fields – Investing In Australia Granny Smith Gold Mine at a glance GOLD PRODUCTION CAPABILITY: 265 000+ ounces per annum ORE PROCESSED: 1.65+ million tonnes per annum MINERAL RESOURCES: 8.31 million ounces MINERAL RESERVES: 2.078 million ounces UNDERGROUND MINE: Wallaby OPEN PIT MINE: n/a GOLD
Slide 11: Wallaby Deposit 2015–2019 Resource & Reserve Growth / Discovery Success
Gold Fields – Investing In Australia Wallaby Deposit 2015 – 2019 Resource & Reserve Growth / Discovery Success Production Resource Reserve* South North (koz) (koz) (koz) 2015 308 4,600 1,305 Zone 250‐60 2016 323 5,958 1,674 Zone 70 2017 301 6,493 2,191 Zone 80 2018 296 7,294 2,239 Zone 90 2019 291 7
Slide 12: Agnew Gold Mine at a glance
Gold Fields – Investing In Australia Agnew Gold Mine at a glance GOLD PRODUCTION CAPABILITY: 225 000+ ounces per annum ORE PROCESSED: 1.2+ million tonnes per annum MINERAL RESOURCES: 2.5 million ounces MINERAL RESERVES: 0.772 million ounces UNDERGROUND MINE: Waroonga, New Holland OPEN PIT MINE: n/a
Slide 13: Agnew – Waroonga Complex 2015–2019 / Discovery Success
Gold Fields – Investing In Australia Agnew – Waroonga Complex 2015 – 2019 / Discovery Success Production Resource Reserve North South (koz) (koz) (koz) 2015 128 1,374 558 Drillhole Drillhole pierce pierce point point 2016 153 1,098 402 2015 Open Pit Reserve 2016 2017 2018 2019 Resourcedesign shell 2
Slide 14: Agnew – Redeemer Complex 2019 / Discovery Success
Gold Fields – Investing In Australia Agnew – Redeemer Complex 2019 / Discovery Success North South Production Resource Reserve 2019 (koz) (koz) (koz) Zn 2 185 Barren Lands Redeemer Z2 South Zn 2 S 51 • Historic Redeemer Deep orebody Redeemer Z2 North being reviewed (historic potential >400koz) Barre
Slide 15: St Ives Gold Mine at a glance
Gold Fields – Investing In Australia St Ives Gold Mine at a glance GOLD PRODUCTION CAPABILITY: 360 000+ ounces per annum ORE PROCESSED: 4.5 million tonnes per annum MINERAL RESOURCES: 4.4 million ounces MINERAL RESERVES: 2.3 million ounces UNDERGROUND MINE: Hamlet, Invincible OPEN PIT MINE: Neptune
Slide 16: St. Ives – Invincible Camp 2015 / Discovery Success
Gold Fields – Investing In Australia St. Ives – Invincible Camp 2015 / Discovery Success Production Resource Reserve* North South (koz) (koz) (koz) 2015 140 1,375 705 2016 254 1,438 826 0 RL Fenton Drake Invincible South 2017 232 1,672 731 2018 233 1,607 793 ‐400 RL 2019 256.5 2,192 1,436 Proterozoi
Slide 17: Is there value in brownfields exploration?
Gold Fields – Investing In Australia Is there value in brownfields exploration? A$453m Spent On Exploration (2015 – 2020 ) Exploration Expenditure 2002 ‐ 2019 120 • Total oz mined – 4.90Moz** 100 • Barrick Assets Added 10.09Moz to RESOURCE** 80 • Added 6.454Moz to RESERVE** Gruyere $AM 60 • Discover
Slide 18: Thank you
Australian Operations • Attributable Production H1’20 – 494koz • AIC: US$960/oz (H1’20) • Year On Year Growth In Resources & Reserves • Discovery Costs Of A$45 and A$71/oz Resource & Reserve • Continued Commitment To Growth In Australia Thank you QUESTIONS AND ANSWERS