Slide 1: Tropicana Gold Mine Analyst Visit
For personal use only TROPICANA GOLD MINE ANALYST VISIT – 3RD MARCH 2014 DUNCAN GIBBS – GENERAL MANAGER
Slide 2: AngloGold Ashanti Ltd Disclaimer
ANGLOGOLD ASHANTI LTD DISCLAIMER Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs, cost savings and ot
Slide 3: Independence Group NL Disclaimer
INDEPENDENCE GROUP NL DISCLAIMER For personal use only Certain oral and written statements contained or incorporated by reference in this presentation, including information as to the future financial or operating performance of the Company and its projects, constitute forward-looking statements. Al
Slide 4: Key Facts 100% Project
KEY FACTS 100% PROJECT For personal use only Location: 330 km ENE of Kalgoorlie in Western Australia Ownership: AngloGold Ashanti Australia Ltd (70% and manager), Independence Group NL (30%) Discovered: August 2005 Approved: November 2010 Production start: September 2013 Forecast production 2014: 48
Slide 5: Site Layout
For personal use only SITE LAYOUT Aerodrome Admin Offices Village TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 5
Slide 6: Mine Layout / Local Geology
Mine Layout LOCAL GEOLOGY TSF For personal use only Boston Shaker Tropicana ROM Havana Havana South TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 6
Slide 7: Havana Grade Control Section
HAVANA GRADE CONTROL SECTION A B B For personal use only A 0.3 Au Envelope 13m @ 3.38g/t EOM Jan 2014 Surface 27m @ 5.1g/t 32m @2.8g/t inc 7m @ 9.9g/t inc 8m @ 4.3g/t TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 7
Slide 8: Mining Contract
MINING CONTRACT Scope of Contract with Macmahon For personal use only ► Load and haul ► Short term planning ► Drill and blast ► MineStar FMS operation ► Grade control (Wallis Drilling) ► Bulk and selective mining ► Crusher feed ► Bulk TSF lifts ► Carey Mining (indigenous labour/equipment) Form of Co
Slide 9: Mining Fleet
MINING FLEET ► 1x CAT 6040 Excavator – 24 m3, 525 t For personal use only ► 2x CAT 6050 Excavators – 20 m3, 400 t ► 15x CAT 793F Off Highway Trucks – 226 t capacity / 390 t gross ► 2x CAT MD6240 – 229 mm holes, 62 t ► 2x Sandvik DR560/580 – Down hole hammer, 33 t ► 1x Sandvik DR580 GC – 50 m long ho
Slide 10: Life of Mine Schedule
For personal use only LIFE OF MINE SCHEDULE TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 10
Slide 11: MineStar Fleet
MINESTAR FLEET ► Automatic optimised dispatch of trucks to excavators For personal use only ► Removes people and equipment from mining areas ► Ability to gather and use information to optimise the way we work TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 11
Slide 12: MineStar Terrain for Drilling
MINESTAR TERRAIN FOR DRILLING ► Drill hole accuracy to ~100 mm For personal use only ► Greatly reduced requirement for surveyors ► Easier and safer for operators TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 12
Slide 13: Geotechnical Analysis
GEOTECHNICAL ANALYSIS Utilising iSite allows faster and improved evaluation For personal use only TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 13
Slide 14: Monthly Global Resource to GC Conversion
For personal use only MONTHLY GLOBAL RESOURCE TO GC CONVERSION TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 14
Slide 15: Monthly Global Planned Dilution
For personal use only MONTHLY GLOBAL PLANNED DILUTION TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 15
Slide 16: Reconciliations by Flitch
For personal use only RECONCILIATIONS BY FLITCH > 0.6 – 1.2 g/t cut TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 16
Slide 17: Reconciliations by Flitch
For personal use only RECONCILIATIONS BY FLITCH > 1.2 g/t cut off (Mill Feed) TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 17
Slide 18: Monthly Unplanned Dilution
For personal use only MONTHLY UNPLANNED DILUTION TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 18
Slide 19: Reconciliations to the Mill
For personal use only RECONCILIATIONS TO THE MILL (CV01 TO MINE CRUSHED) TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 19
Slide 20: Mine Call Factor
For personal use only MINE CALL FACTOR TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 20
Slide 21: Integrated Planning Model
For personal use only INTEGRATED PLANNING MODEL TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 21
Slide 22: Geo Met Progress
For personal use only GEO MET PROGRESS TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 22
Slide 23: Plant Flowsheet
PLANT FLOWSHEET 2500tph Capacity 64kt Capacity Duty/Standby P(80) 2mm For personal use only Coarse Ore Stockpile HPGR Feed Bin Primary Secondary Crusher HPGR Crusher Over Size Ore Stockpile 41hr Residence 5.8 Mt/a 91% Recovery P(80) 75um Fine Ore Ball Mill Stockpile TSF CIL TROPICANA ANALYST VISIT –
Slide 24: Tonnes Milled
For personal use only TONNES MILLED TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 25
Slide 25: Grind Size
For personal use only GRIND SIZE TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 26
Slide 26: Recovery
For personal use only RECOVERY TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 27
Slide 27: Process Control
PROCESS CONTROL Citect For personal use only Mine Control TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 28
Slide 28: Processing Mine Reporting System
For personal use only PROCESSING MINE REPORTING SYSTEM TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 29
Slide 29: SAGE
SAGE 1. Permit to Work Request 2. Risk Assessment For personal use only 3. Isolation Plan 4. Issue Permit to Certificates TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 30
Slide 30: AWB: A Predictive Approach to Asset Management
For personal use only AWB: A PREDICTIVE APPROACH TO ASSET MANAGEMENT TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 31
Slide 31: Availability Workbench
For personal use only AVAILABILITY WORKBENCH TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 32
Slide 32: Regional Setting
For personal use only REGIONAL SETTING YILGARN CRATON ALBANY FRASER OROGEN Greenstone Belt Tropicana JV Tropicana Belt Area of Influence Viking Project Sunrise Dam Project Au Deposits TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 33
Slide 33: Havana Deeps Pre-Feasibility Study
For personal use only HAVANA DEEPS PRE-FEASIBILITY STUDY LOM pit Des $1150 Des $1400 TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 34
Slide 34: TGM Gold Mineralisation – Conceptual Targeting
TGM GOLD MINERALISATION – CONCEPTUAL TARGETING N Tropicana Plan view Havana 1km Boston For personal use only B B’ Shaker A A’ Grams x Meters C C’ >50 20-50 10-20 Havana Schematic long section A South C’ Havana >0.3 g/t Au Garnet-bearing gneiss Swizzler Boston High-grade mineralised shoot Tropicana S
Slide 35: Hard Rock Seismic
For personal use only HARD ROCK SEISMIC C’ 3,000m • SE plunging folds A • Control positions higher-grade shoots • Seismic to image fold closures • Clarify target positions • Reduce drilling risk (shoots 80-100m wide) TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 36
Slide 36: Exploration Overview
For personal use only EXPLORATION OVERVIEW TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 37
Slide 37: Tropicana JV – Monsoon East
TROPICANA JV – MONSOON EAST 4 km Tropicana For personal use only Havana Monsoon East Monsoon Beetle Juice Madras Monsoon 2.5km East • 15km SE of Tropicana Gold Mine • Interpreted extension of Tropicana Domain • Undercover and largely untested by aircore drilling – wide spaced Madras traverses only •
Slide 38: Tropicana JV – Madras (AGA 70%)
TROPICANA JV – MADRAS (AGA 70%) 6.6m @ 1.58 g/t Au incl. 0.7m @ 10.0 g/t Au 4 km Tropicana For personal use only Havana 2.4m @ 5.18 g/t Au incl. 1m @ 12.13 g/t Au • 24km SSE of Tropicana Gold Mine • Significant intercepts returned from AC drilling including peak intercept of 2m @ 7.05g/t Au from 63m
Slide 39: Tropicana JV – Seahorse (AGA 70%)
TROPICANA JV – SEAHORSE (AGA 70%) Madras 4 km Tropicana For personal use only Havana SHA030 4m @ 0.4g/t Au from 40m Seahorse Monsoon 2.5km East • 30km SSE of Tropicana Gold Mine • Southern extension of prospective Tropicana Domain • First pass aircore drilling returned Madras peak result of 4m @ 0.4
Slide 40: Aerodrome
For personal use only AERODROME TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 41
Slide 41: Village Facilities
For personal use only VILLAGE FACILITIES Dry Mess Wet Mess Gym/ Courts Village TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 42
Slide 42: Indigenous Service Contractors
For personal use only INDIGENOUS SERVICE CONTRACTORS TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 43
Slide 43: Carey Mining Traineeship Program
CAREY MINING TRAINEESHIP PROGRAM Carey trainees come from local and indigenous groups For personal use only ► ~12 trainees at this time in variety of areas: ► Admin ► Drill and Blast ► Safety ► Operations TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 44
Slide 44: Tropicana Gold Mine
For personal use only TROPICANA GOLD MINE TROPICANA ANALYST VISIT – 3RD March 2014 SLIDE: 45
Slide 45: Table 1: Tropicana Gold Project December 2013 Mineral Resources
TABLE 1: TROPICANA GOLD PROJECT (100%) DECEMBER 2013 MINERAL RESOURCES Mineral Resource – 31 December 2013 Tonnes Contained For personal use only Classification (Mt) Au g/t Au (M Oz) Open Pit Measured 28.6 2.06 1.89 Indicated 74.0 1.88 4.48 Inferred 5.8 2.57 0.48 Sub-Total 108.4 1.97 6.85 Undergroun
Slide 46: Table 2: Tropicana Gold Project December 2013 Ore Reserve
TABLE 2: TROPICANA GOLD PROJECT (100%) – DECEMBER 2013 ORE RESERVE Ore Reserve – 31 December 2013 Contained Classification Tonnes (Mt) Au g/t Au (M Oz) For personal use only Open Pit Proved 24.9 2.26 1.81 Probable 29.9 2.02 1.95 GRAND TOTAL 54.8 2.13 3.76 Notes: The Proved and Probable Ore Reserve (
Slide 47: JORC Code Table – Tropicana Exploration Results 2013
JORC CODE, 2012 EDITION, TABLE 1 - TROPICANA EXPLORATION RESULTS 2013 Section 1 Sampling Techniques and Data Criteria JORC Code explanation Commentary For personal use only Sampling techniques Nature and quality of sampling (eg cut Aircore samples were collected with a scoop from spoil piles place
Slide 48: JORC Code Table – Tropicana Exploration Results 2013
JORC CODE, 2012 EDITION, TABLE 1 - TROPICANA EXPLORATION RESULTS 2013 Section 1 Sampling Techniques and Data continued Criteria JORC Code explanation Commentary For personal use only Drilling techniques Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, Aircore, RC and dia
Slide 49: JORC Code Table – Tropicana Exploration Results 2013
JORC CODE, 2012 EDITION, TABLE 1 - TROPICANA EXPLORATION RESULTS 2013 Section 1 Sampling Techniques and Data continued For personal use only Criteria JORC Code explanation Commentary Logging Whether core and chip samples have Geological logging was completed using standard logging digital data ent
Slide 50: JORC Code Table – Tropicana Exploration Results 2013
JORC CODE, 2012 EDITION, TABLE 1 - TROPICANA EXPLORATION RESULTS 2013 Section 1 Sampling Techniques and Data continued Criteria JORC Code explanation Commentary For personal use only Sub-sampling techniques and sample If core, whether cut or sawn and whether quarter, half or Aircore chips were sam
Slide 51: JORC Code Table – Tropicana Exploration Results 2013
JORC CODE, 2012 EDITION, TABLE 1 - TROPICANA EXPLORATION RESULTS 2013 Section 1 Sampling Techniques and Data continued Criteria JORC Code explanation Commentary For personal use only Quality of assay data and The nature, quality and appropriateness of the assaying The 25g fire assay technique used
Slide 52: JORC Code Table – Tropicana Exploration Results 2013
JORC CODE, 2012 EDITION, TABLE 1 - TROPICANA EXPLORATION RESULTS 2013 Section 1 Sampling Techniques and Data continued Criteria JORC Code explanation Commentary For personal use only Location of data points Accuracy and quality of surveys used to locate drill holes Hole collars have been surveyed
Slide 53: JORC Code Table – Section 2 Reporting of Exploration Results
JORC CODE, 2012 EDITION, TABLE 1 - TROPICANA EXPLORATION RESULTS 2013 Section 2 Reporting of Exploration Results For personal use only Criteria JORC Code explanation Commentary Mineral tenement and land tenure Type, reference name/number, location and ownership including Tropicana is a joint venture
Slide 54: JORC Code Table – Section 2 Reporting of Exploration Results
JORC CODE, 2012 EDITION, TABLE 1 - TROPICANA EXPLORATION RESULTS 2013 Section 2 Reporting of Exploration Results Criteria JORC Code explanation Commentary For personal use only Drill hole Information A summary of all information material to the The easting, northing, approximate RL, dip, azimuth,
Slide 55: JORC Code Table – Section 2 Reporting of Exploration Results
JORC CODE, 2012 EDITION, TABLE 1 - TROPICANA EXPLORATION RESULTS 2013 Section 2 Reporting of Exploration Results Criteria JORC Code explanation Commentary For personal use only Relationship between These relationships are particularly important in the Intercepts reported are downhole lengths, true
Slide 56: JORC Code Competent Person Statement for Exploration Results
JORC CODE COMPETENT PERSON STATEMENT FOR EXPLORATION RESULTS For personal use only The information in this presentation that relates to Exploration Results is based on information reviewed by Mark Doyle, a full-time employee of AngloGold Ashanti Australia Ltd, who has sufficient experience that is r