Harmony Gold Mining Co. Ltd. · JSE:HAR
Harmony Gold Mining — PNG Mining Seminar October 2007
16 slides from Harmony Gold Mining's conference presentation, October 2007
Slide 1: PNG Mining Seminar: Overview of Harmony PNG
PNG Mining Seminar October 2007 Overview of Harmony PNG PRIVATE SECURITIES LITIGATION REFORM ACT 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,
Slide 2: A history of strong resource growth
A history of strong resource growth… Harmony gold resources in PNG (Moz) 20 18 Total gold 16 resource of 15.1 14.7 14 15 Moz 12.7 12.2 12 10 Exploration work 8 5.9 continues 6 4 3.0 2 0 2002 2003 2004 2005 2006 2007 2008 2009 Source: Company reports …with additional Cu, Ag and Mo resources Total PNG
Slide 3: What are we proposing to mine?
What are we proposing to mine? Polymetalic resources Total in situ resource value 5% Total reserves of 4.2Moz 6% Gold Total resources of 15.1Moz Total reserves of 1.7bn lbs 50% Copper Total resource of 3.9bn lbs 39% Total reserves of 41.7Moz Silver Gold Copper Silver Moly Total resource of 89.6Moz N
Slide 4: Our PNG team / Recent developments
Our PNG team – 550 people on site Project – Ausenco – EPCM contractor Construction – Optimisation studies continue Hidden Valley – Expected to employ around 830 people Operations – Resource Drilling ongoing at Kaveroi – Pre-stripping started at Hidden Valley – Harmony led team using consultants SRK,
Slide 5: Moving forward
Moving forward Mine Construction continuing at Hidden Valley Construction Commissioning due for 2009 Pre-feasibility study complete at Wafi/Golpu Project Further optimisation studies progressing development Next step move to DFS Resource Significant targets/projects identified to date generation Nea
Slide 6: Hidden Valley Overview and Safety
Overview Lae Reserves M Tonnes g/t K ozs Au Reserve 44.7 2.0 2,872 Ag Reserve 38.1 34 41,759 Wafi Au Resource 91.4 1.9 5,471 Ag Resource 84.7 32.8 89,578 Bulolo Project Summary Wau Mine Life Years 9.7 Ore Tonnes M Tonnes 41.9 Hidden Au Grade g/t Au 2.1 Valley Ag Grade g/t Ag 38 Au Recovered Ounces (
Slide 7: The Site / The Operation
The Site Bulolo Wau 32 Kms 7 Kms Upper Watut Bulolo River River Bulldog Tributaries Track ML 15 1B oun dar y ML 151 B oun dar y The Operation Hamata Open Pit • 3-4 year mine life • Reserves of 506 k oz Au • Open at depth with U/G potential Plant Site Hidden Valley Open Pit • 10 year plus mine life •
Slide 8: The Operation
The Operation Main Waste Dump • Stores 220 Mt waste rock • Encapsulates potentially acid forming (PAF) waste South Dump • Stores 7 Mt mostly oxide waste Tailings Storage Facility • Stores 41.3Mt tailings The Operation Hidden Valley Open Pit • 10 year plus mine life • Reserves of 2.4 M oz Au & 41.8 M
Slide 9: Kaveroi Drilling
Kaveroi Drilling 18m @14.26 g/t Au Target Resource Conversion & 780g/t Ag 800,000 – 1,000,000 ozs Au Metasediment Metasediment Program Bou • 12 Months ndi • 56 holes ng • 16,600m DD Fau Bo • 3475m RC lt un din • K20M investment gF au Granodiorite lt Hidden Valley Bou ndin Metasediment Bo un g din Fa
Slide 10: Hamata Processing
Hamata • 2006 drilling program increased reserves by 46% (156 k ozs) and resources by 52% (206 k ozs) • Outcropping high grade ore Porphyry Intrusion High Grade narrow pay shoots • Current pit design work could add up to 180 k ozs using in-pit crushing and conveying options • Potential for further c
Slide 11: Equipment, People & Training
Equipment • All new Komatsu Mining Fleet • Total 51 pieces of equipment: 26 Trucks, 3 Excavators, 5 Dozers, 4 Loaders, 8 Drills, 3 Graders, 1 water cart and 1 fuel truck • US$40M Investment • All new Komatsu owner-operated Construction Fleet • Total 53 pieces of equipment: 19 Trucks, 15 Excavators,
Slide 12: Social Responsibility and Environmental Stewardship
Social Responsibility • Police Station & Health Centre upgrades • Work ongoing at the High School • HIV/Aids VCT Clinic, with awareness programs in schools/communities • Educational support provided for over 395 students • Harmony Committed to spending locally, with 53% of total expenditure spent in
Slide 13: Current Project Status
Current Project Status • Access road complete • Infrastructure sites & roads complete • Pihema Creek diversion complete • Camp construction underway • Hidden Valley Pre-strip started • Ausenco (EPCM contractor) on site • TSF construction initiated • Plant site excavation ~ 40% complete • Engineering
Slide 14: Wafi-Golpu Pre-Feasibility Update: Tenement Location
PNG Mining Conference 2007 Wafi-Golpu Pre-Feasibility Update Tenement Location
Slide 15: Wafi/Golpu key deposits
Wafi/Golpu key deposits Golpu Western Zone NRG1 Link Zone Nambonga Key: Exploration target Considered as Part of PFS Section view of key deposits •Oblique Section looking NW as 600N indicated with red line on previous slide BOCO Gold Cap TOFR 400N Supergene Diatreme Advanced Argillic 200N Phyllic Li
Slide 16: Feasibility Study Work Program Summary
Feasibility Study Work Program Summary • Commenced in August 2005, completed in October 2007. • Extensive drilling program completed primarily for geotechnical purposes, but also used core for metallurgical test work and improvement of the geological model. • Metallurgical test work concentrating on
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