The African Focused Precious Metals Producer
People Action Results
Evander Gold Mining Visit
12/02/2015
Disclaimer EVANDER GOLD MINES A Subsidiary of Pan African Resources - - PowerPoint PPT Presentation
P eople A ction R esults Evander Gold Mining Visit 12/02/2015 The African Focused Precious Metals Producer Disclaimer EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. The African Focused Precious Metals Producer This
The African Focused Precious Metals Producer
12/02/2015
The African Focused Precious Metals Producer
This presentation is provided on a confidential basis. The name 'Presenter' refers to Pan African Resources PLC and its advisors, subsidiaries or affiliated companies. This presentation has not been filed, lodged, registered or approved in any jurisdiction and recipients of this document should keep themselves informed of and comply with and observe all applicable legal and regulatory requirements. Statements or assumptions in this presentation as to future matters may prove to be incorrect. The Presenter makes no representation or warranty as to the accuracy of such statements or
inaccuracies or omissions in this presentation. Recipients should not treat this presentation as advice relating to legal, taxation or investment matters and are advised to consult their own professional advisers. This presentation may not be reproduced in whole or in part, nor may any of its contents be divulged to any third party without the prior consent in writing of the Presenter. The recipient acknowledges that neither it nor the Presenter intends that the Presenter act or be responsible as a fiduciary to the recipient, its management, stockholders, creditors or any
responsible for making its own independent judgments with respect to any transaction and any other matters regarding this presentation. Furthermore, the information contained in this presentation may also qualify as “inside information” as defined in the Securities Services Act, 36 of 2004 (“SSA”). In terms of the SSA, it is a criminal offence for a person who knows that he or she has inside information to –
The Presenter makes no representations as to the actual value which may be received in connection with a transaction nor the legal, tax or accounting effects of consummating a transaction. Unless the expressly contemplated hereby, the information in this presentation does not take into account the effects of a possible transaction or transactions involving an actual or potential change of control, which may have significant valuation and other effects. The Presenter shall not have any liability for any loss suffered due to reliance being placed on this presentation, the information contained herein or the oral presentations referred to. This presentation is for information purposes only and does not constitute an offer or invitation to subscribe for or purchase any securities, and neither this presentation nor anything contained therein nor the fact of its distribution shall form the basis or be relied on in connection with or act as any inducement to enter into any contract or commitment whatsoever.
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EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
1 2 3 Source: Company website and filings Notes: (1) Excluding: c.2 million oz of Au in surface resources and 423 koz of surface reserves from Evander; 79koz in surface, outside area and slime dump resources and 136koz in surface and slime dump reserves from Barberton; and 686koz
Phoenix is a tailings retreatment plant designed to extract 12,000oz of platinum group metals per annum from chrome tailings
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The acquisition of Evander in 2013 was transformational for PAR as it paves the way for the company to become a mid-tier gold producer with a strong, long term project pipeline. Evander is producing c.95,000oz per annum
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Barberton is a low cost, high grade, greenstone belt producing operation which has contributed significantly to PAR’s successful track record. Barberton mines produce c.95,000oz Au and Barberton Tailings Retreatment Project (“BTRP”) produces c.20,000 oz Au per annum
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Pan African Resources is an unhedged junior gold producer with quality assets in South Africa
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
The African Focused Precious Metals Producer
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
The African Focused Precious Metals Producer
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
29.9 18.94 19.11 17.72 10.39 7.41 3.72 4.00 2.90 4.08
0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 2004 - 2005 2005 - 2006 2006 - 2007 2007 - 2008 2008 - 2009 2009 - 2010 2010 - 2011 2011 - 2012 2012 - 2013 2013 - 2014
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
4.08
3.09 3.00 10.17 5.25 2.04
2.39 Year End 2014 Jul-14 Aug-14 Sep-14 Quarter 1 Oct-14 Nov-14 Dec-14 Quarter 2 Jan-15 Feb-15 Mar-15 Quarter 3 Apr-15 May-15 Jun-15 Quarter 4 YTD B/M
LTIFR
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
Evander Operations Location map
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
: until 1980
: 1981 - 1988
: 1989
: 1990 - 1995
: 1996 – 1997
: 1998 – 2013
: 28th February 2013
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
History
Operation Tons milled Grade Gold Gold (Mt) (g/t) (Tonnes) (Moz) Winkelhaak Mine 74.7 7.55 565 18 Kinross Mine 66.7 6.82 455 15 Leslie Mine 41.4 6.25 259 8 Bracken Mine 26.4 8.78 232 7 Total 209.3 7.22 1 511 49
Historical production (up to June 2014)
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
Geology
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
Geology
200 km 100 km 50 km 0 km
Witwaters Rand Basin
Evander Basin
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
Geology
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
Geology
In flow of gold barring material
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
Geology
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
Rolspruit Evander South Poplar
8 # 7 # 9 # Leslie
Winkelhaak Bracken
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
As at 30 June 2014
Resource
Tonnes Grade Contained Gold Evander Gold Mining Category million g/t Tonnes Moz Measured 3.10 13.14 40.7 1.309 Indicated 259.83 2.28 593.4 19.08 Inferred 34.14 8.52 291.0 9.35 Total Evander Gold Mining Total 297.06 3.11 925.1 29.74 As at 30 June 2014
Reserve
Tonnes Grade Contained Gold Evander Gold Mining Category million g/t Tonnes Moz Kimberley Reef Proved 2.35 6.84 16.1 0.52 Probable 66.78 3.61 241.0 7.75 Total Evander Gold Mine Total 69.13 3.72 257.0 8.26
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
8 Shaft - Geology
Evander 8 Shaft
Evander 8 Shaft Grade Distribution
25 Level HIGH GRADE AREA
24 Level LOW GRADE AREA
Lubbe Payshoot
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EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
8 Shaft
Underground samples & Block Model (cmg/t) LOW GRADE AREA
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
8 Shaft
Evander 8 Shaft Production
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
8 Shaft - Geology
No 8 Shaft
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
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24 L 17 L 18 L 16 L 15 L 19 L 23 L 20 L 21 L 22 L 25 L
Raise bore Holes
5 MW BAC 17 Lev 150 m³ Fan 2 Fridge Plants New Decline 23 – 26 Level
14 L 13 L 12 L 11 L
5 MW BAC 18 Lev 17 – 24 Vent Shaft
26 L
Evander Operations
Evander 8 Shaft re-engineered
Infrastructure
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
(Evander Tailings Retreatment Plant)
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
be depleted)
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
Project Category Tons Grade Au Content (Mt) (g/t) (kg) (Moz) Kinross TSF Indicated Mineral Resource 57.81 0.32 18,556 0.60
SAMREC compliant resources signed off by competent person : Barry Naicker – Group Mineral Resource Manager
Grade distribution of the Kinross Dam
Kinross Dam
Dam 1
Dam 2 Dam 3
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
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Dam 3 Dam 2 Dam 1
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
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financial model based on incremental costs
ETRP : Re-mining and TSF considerations
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Evander Operations
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EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
Location Plan
Kinross Dam Leslie Dam Winkelhaak Dam
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EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
Evander “Elikhulu” Project: (1 000 000t / month)
Winkelhaak
included 39 sonic drilled holes
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EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
– Test work done by SGS Labs – Test work indicated the following recoveries: Kinross: 47.8% Leslie: 40.7% Winkelhaak: 47.9% – Stand alone plant – Treatment rate of 12 million tonnes per annum
Mineral Resources EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
Category Tonnes Grade Gold Ounces (Mt) (g/t) (kg) (Moz) Measured
205 0.29 60 1.9 Inferred
205 0.29 60 1.9
Mineral resources
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EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
– New TSF site selection complete (agreement reached with Sasol) – EIA studies for TSF and plant (use Winkelhaak plant footprint) – Compile and submit EMP – Negotiate water off-take with Sasol (33 ml / day make-up required) – Amend WULA – Construction – approximately 18 months
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EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
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Location Plan EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
POPLAR
Back ground EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
– 23 Holes (20 106 meters) – 77 reef intersections – Indicated additional drilling required
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
Surface Bore Holes Grade Distribution
Mineral Resources EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Category Tonnes Grade Gold Ounces (Mt) (g/t) (kg) (Moz) Measured
15.8 7.60 120 3.9 Inferred 6.7 6.92 46 1.5 Total 22.5 7.40 167 5.4
Mineral resources
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EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
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Location Plan EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
EVANDER SOUTH
Back ground EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
– 43 Holes (24 700 meters) – 99 reef intersections
– MP 30/5/1/1/2/(248) PR – renewal and S102 application submitted – MP30/5/1/1/2(4272) PR – Granted but still needs to be executed
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
Surface Bore Holes Grade Distribution
Mineral Resources EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Category Tonnes Grade Gold Ounces (Mt) (g/t) (kg) (Moz) Measured
11.4 8.79 100 3.2 Inferred 9.8 6.35 62 2.0 Total 21.2 7.66 162 5.2
Mineral resources
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EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
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Location Plan EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
ROLSPRUIT
Back ground EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
below surface
intersected the payshoot
Area
Pre-Feasibility Study
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
Surface Bore Holes
Mineral Resources EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
Category Tonnes Grade Gold Ounces (Mt) (g/t) (kg) (Moz) Measured
24.4 10.92 267 8.6 Inferred 0.9 9.17 9 0.3 Total 25.4 10.86 275 8.9 Category Tonnes Grade Gold Ounces (Mt) (g/t) (kg) (Moz) Proven
23.4 8.60 201.0 6.5 Total 23.4 8.60 201.0 6.5
Mineral reserves Mineral resources
EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
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EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
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EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
2010 Payshoot 9 Shaft Project
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EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc.
The African Focused Precious Metals Producer