Harmony Gold Mining Co. Ltd. · JSE:HAR
Harmony Gold Mining — Asia Miner Conference May 2007
14 slides from Harmony Gold Mining's conference presentation, May 2007
Slide 1: Exploring for and building mines in PNG
Exploring for and building mines in PNG Graham Briggs Managing Director Harmony International Private Securities litigation reform act safe harbour statement This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and 21E o
Slide 2: Harmony exploration active presence
Harmony exploration active presence Lae 9 Exploration Licences Wafi Total area approximately 3,550 Km2 6 Exploration teams Biamena exploring out of 6 camps Minimum expenditure commitment K8.3M Bulolo Heyu Exploration Budget K19M Wau – (additional to mine lease Kerimenge exploration and Wafi pre – fe
Slide 3: Harmony exploration active presence: Wafi brownfields and greenfields
Harmony exploration active presence Lae WAFI BROWNFIELDS Wafi Link Zone Resource Definition Link Zone Western Zone 49m @ 10.2 g/t Au Significantly larger intercepts than modeled Western Zone Drilling Biamena 5m @ 5.4 g/t Au Bulolo Further results pending Heyu Biamena Trenching Wau 15m @ 24.0 g/t Au
Slide 4: PNG project inventory
PNG project inventory MINE DEVELOPMENT Hidden Valley PREFEASIBILITY Project Wafi Golpu PFS RESOURCE DEFINITION Golpu Porphyry Cu/Au Hidden Valley Link Zone Hamata ADVANCED PROJECTS A Zone NRG1 Kaveroi B Zone PROSPECTS WITH SIGNIFICANT INTERCEPTS Western Zone Kerimenge Hesson Ck Kaveroi GEOCHEMICAL A
Slide 5: Biamena
Biamena 444000 mE 444500 mE 445000 mE Soil samples define Trench 3 14.3 g/t Au geochemical anomaly 1830 ppm Cu 9232000 mN 15m @ 24.2 g/t Au and 1.44% Cu over 1km x 1km area 0.66 g/t Au 1530 ppm Cu Trenching underway – still awaiting some 99% 611 results - Trench 3 a 97% 347 stand out. 0.78 g/t Au 10
Slide 6: Biamena
Biamena Above: chalcocite and malachite in float collected from soil traverses Right: base metal sulphide mineralisation exposed in slip. Far right: argillic alteration in porphyry with FeO after sulphides Diamond drill sites - Wafi 6
Slide 7: Wafi - Golpu
Wafi - Golpu Golpu Western Zone NRG1 Link Zone Wafi - Golpu •Oblique Section looking NW 600N BOCO Gold Cap TOFR 400N Supergene Diatreme Advanced Argillic 200N Phyllic Link Zone Zone Prospect Tonnes Grade Gold Grade Copper Grade 0N (Mt) g/t Au Moz %Cu Kt g/t Mo Mineralised Golpu 163.1 0.6 3.0 1.1 1,7
Slide 8: Study progress and schedule - Golpu
Study progress and schedule - Golpu May 07 – Jul 07 Financial modeling and study reporting Feb 07 – May 07 PFS level cave analysis and mine design Metallurgical test work and studies, engineering Aug 06 – May 07 development Jul 06 – Sep 06 Infrastructure locations and concepts defined Nov 05 – Sep06
Slide 9: Work completed on site / off site
Work completed on site Road access, 10 x test pits in concentrate delivery, locations 2 and 3 tailing disposal and 9 x geotechnical trenches 15m long port requirements 2 drill holes to 30m studies Ground survey (plant site) Water quality testing 3 bore holes to 40m to Wafi drilling (geotechnical, te
Slide 10: Addressing some of the old problem areas
Addressing some of the old problem areas • Processing – Wafi – Well known that primary ore shows refractory properties; – Number of oxidative processes tested; – Whole ore pressure oxidation recovering 93 – 97% of gold in ore. Indications of positive returns for high grade Link Zone ore. • Golpu Hig
Slide 11: Forward work programme
Forward work programme • Sequence of work: 1. Complete Golpu stand alone (decision to proceed to more work required); 2. Secure permission to mine feasibility decline; 3. Commence work to upgrade road and camp to support decline; 4. Commence drilling decline route; 5. Complete Integrated PFS which w
Slide 12: Hidden Valley - progress / Social responsibility
Hidden Valley - progress - Owner operator fleet - Access road to project - Other roads - Plant and infrastructure platforms under construction - Major Process Equipment - 54 of approx 61 process equipment tenders have been issued - Overall 70 of approx 90 tenders have been issued - 61 tenders have c
Slide 13: Approvals/Agreements
Approvals/Agreements (these take time! Do not underestimate) - MOA signed with landowners - EMP approved - Power agreement under negotiation with PNG Power Pty Ltd for a power supply agreement. Power Generators are being stored and maintained in Lae Mining Equipment has been purchased with deliverie
Slide 14: The beginning (of more developments)
The beginning …and what do the locals think (of more developments) www.harmony.co.za graham.briggs@harmonyseasia.com 14