Gold Fields in Australia Investment & Growth STUART MATHEWS - - PowerPoint PPT Presentation

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d all e picture and send to back Gold Fields in Australia Investment & Growth STUART MATHEWS Executive Vice President: Australasia 7 August 2019 - Diggers & Dealers Presentation Forward looking statements Terms of use


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Gold Fields in Australia – Investment & Growth

STUART MATHEWS Executive Vice President: Australasia

7 August 2019 - Diggers & Dealers Presentation

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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 among others those relating to the Damang Exploration Target Statement; the Far Southeast Exploration Target Statement; commodity prices; demand for gold and other metals and minerals; interest rate expectations; exploration and production costs; levels of expected production; Gold Fields’ growth pipeline; levels and expected benefits of current and planned capital expenditures; future reserve, resource and other mineralisation levels; and the extent of cost efficiencies and savings to be achieved. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include among others: economic, business and political conditions in South Africa, Ghana, Australia, Peru and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions, exploration and development activities; decreases in the market price of gold and/or copper; hazards associated with underground and surface gold mining; labour disruptions; availability terms and deployment of capital or credit; changes in government regulations, particularly taxation and environmental regulations; and new legislation affecting mining and mineral rights; changes in exchange rates; currency devaluations; the availability and cost of raw and finished materials; the cost of energy and water; inflation and other macro-economic factors, industrial action, temporary stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS and other

  • ccupational health risks experienced by Gold Fields’ employees.

These forward looking statements speak only as of the date of this document. Gold Fields undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.

Forward looking statements

Terms of use

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

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West Africa

Mines: Tarkwa and Damang Joint Venture: Asanko 680koz (2018)

Global Footprint

The global leader in sustainable gold mining

Americas

Mine: Cerro Corona (Peru) Project: Salares Norte (Chile) 314koz (2018)

South Africa

Mine: South Deep 157koz (2018)

Australia Min Mines: Agnew, Granny Smith and St Ives Joi Joint Venture: Gruyere Prod

  • ductio

ion: : 886koz (2018) AI AIC: C: US$943 p/oz (A$1262 p/oz)

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

The world’s 8th largest gold miner, with a total annual production of over 2 million ounces

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Australia

  • 17 years in Western Australia
  • Third largest gold producer in Australia
  • 2,200+ direct employees and contractors
  • Underground (80%) and Open Pit (20%)
  • 43% of Group gold production
  • 42% of Group net cash-flow
  • Annual exploration spend ~A$90m
  • A$834m total exploration spend since 2002

Regional summary

  • Agnew Gold Mine (Leinster)
  • Granny Smith Gold Mine (Laverton)
  • St Ives Gold Mine (Kambalda)
  • Gruyere Joint Venture (200km from

Laverton)

Resources (2018) – 17.1Moz Reserves (2018) – 6.4Moz

43%

Of Group Production

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

Regional overview

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Key Investments for Growth

  • Exploration – maintaining A$85-100m per annum spend in Australia
  • Granny Smith – continued growth in-mine
  • St. Ives Invincible growth
  • Agnew – Waroonga & New Holland growth, “emerging” Redeemer Complex
  • Strategic Investments
  • New Agnew Camp
  • Microgrid standalone Power solution at Agnew – gas/solar/wind/battery
  • Gruyere Project – delivery to production

Investing for the future

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

Growth – Sustainability - Delivery

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  • 21km south of Laverton
  • Underground operation – new Joey

decline being created in Wallaby mine

  • 750+ staff and contractors
  • Production 270,000+ ounces per

annum

  • Ore processed 1.65+ million tonnes

per annum

  • Mineral Resources 7.83 Moz (2018)
  • Mineral Reserves 2.24 million Moz

(2018)

  • Exploration spend A$20m in 2019
  • 8MW solar power generation

system (20,000 PV panels) – in construction

Granny Smith

FIFO operation located near Laverton

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

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  • Located 80km south of Kalgoorlie
  • Combination of underground and open

pit mines

  • Investing $100m in Invincible South

underground

  • 800+ staff and contractors
  • Workforce 90% residential
  • Production 360, 000+ ounces per annum
  • 4.3 million tonnes of ore processed per

annum

  • Mineral Resources 3.92 million ounces

(2018)

  • Mineral Reserves 1.74 million ounces

(2018)

  • Exploration spend A$35m in 2019
  • Life of mine 2023+

St Ives

Predominantly residential site located in Kambalda

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

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Exploration – Greater Invincible

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

Greater Invincible

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Greater Invincible Exploration

Growing Invincible – Potential for extensions and a new shoot

S Mids N

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

Invincible Deeps Invincible South Greater Invincible South Greater Invincible North Greater Invincible Mids

Target Description: Brecciated mudstone hosted mineralisation

Potential: +2Moz

Geological Opportunities:

  • Multiple lodes
  • Down dip extensions of all lodes

Time to mining: <2yr UG Extensions Open Pit extensions

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  • 23km west of Leinster
  • Underground operation – Waroonga

and New Holland mines

  • Production 235 000+ ounces per

annum

  • 660+ staff and contractors
  • Tenement holding of over 600sqkms
  • Mineral Resources 2.049 Moz (2018)
  • Mineral Reserves 560 Koz(2018)
  • Exploration spend A$25m in 2019
  • Industry first gas/solar/wind energy

solution (+A$100M investment)

  • New accommodation camp in
  • peration (A$36M investment)
  • Emerging Redeemer complex with

exploration focus

Agnew

FIFO operation located near Leinster

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

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Agnew Gold Mine

Exploration & Growth at Waroonga – focus areas

Mined since 1993 – Right Investment level maintains life and production profile

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

Open Open Open Open

Context Multiple narrow lode ore bodies (1-5 metres) Limited strike extents Large vertical extent (steeply dipping) Coarse gold 3 years reserves for 35 years

Saint?? Potential new lode

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Exploration - Greater Redeemer

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

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Greater Redeemer – Zone 2 North

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

Barren Lands (1km away)

Zone 2 North

Agnew Mill (6km away)

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Redeemer – Exploration

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

Zone 2 North

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Greater Redeemer Complex Complex

Barren Lands Redeemer

3 2 4 5 6

North (3.5km to Waroonga) South (1km to Crusader)

Redeemer North Zone 2 North Zone 2 South Diggers & Dealers Presentation, 7 August 2019 – Stuart Mathews

Redeemer - Exploration

Redeemer Crusader Complex Zone 2 North Barren Lands Redeemer North

Open

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Energy security for miners

Energy challenges facing the global mining industry

Avail ilabili ility y of f ene nergy Relia liabil ility ity of ene nergy su supp pply ly Affordabili ility y of f ene nergy Add ddressin ing energy’s climate imp mpacts ts Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

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Optimised Microgrid

  • 18MW through 5 wind turbines
  • 4MW solar plant (10,000 panels)
  • 13MW/4MWhr battery unit
  • 16MW gas plant to underpin demand
  • 25km gas supply pipeline

Construction Schedule

  • Gas pipeline – completed

May 2019

  • Gas / solar power plants

– completed August 2019

  • Wind turbines and

battery plant – commenced July 2019 / completion May 2020

This Project received funding from ARENA as part of ARENA's Advancing Renewables Program

Agnew hybrid microgrid project

Decarbonising our mines

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

Funding

  • A$112m capital cost
  • Funded by EDL – 10

year supply contract

  • ARENA recoupable

contribution – A$13.5m

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Agnew hybrid microgrid project

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

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Agnew – Hybrid Power Solution

May 2020

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

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Gruyere Project

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The Gruyere Joint Venture

The Gruyere Project is a 50:50 Joint Venture between Gruyere Mining Company and Gold Road Resources. Gold Fields is the project manager and operator of the Gruyere Project

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

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Gruyere Mine – July 2019

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

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Highlights

  • First Gold Poured 30 June 2019
  • 1,139 ounces
  • Full process circuit in operation
  • Ramp up of processing has commenced

(6-7 months to target of 8.2Mtpa)

  • On-Budget Project: A$621m
  • 300,000 ounces per annum
  • +12 years Life-of-Mine
  • 3.78Moz Reserve
  • 6.61Moz Resource

Gruyere Mine

Gold Fields in Australia – Investment and Growth | 7 August 2019 | Stuart Mathews

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Thank you

QUESTIONS AND ANSWERS