EVANDER GOLD MINING PRESENTATION FEBRUARY 2017 DISCLAIMER This - - PowerPoint PPT Presentation

▶
evander gold mining presentation
SMART_READER_LITE
LIVE PREVIEW

EVANDER GOLD MINING PRESENTATION FEBRUARY 2017 DISCLAIMER This - - PowerPoint PPT Presentation

Feb 13, 2023 578 likes •1.4k views

EVANDER GOLD MINING PRESENTATION FEBRUARY 2017 DISCLAIMER 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

slide-1
SLIDE 1

EVANDER GOLD MINING PRESENTATION

FEBRUARY 2017

slide-2
SLIDE 2 2

DISCLAIMER

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 assumptions. Circumstances may change and the contents of this presentation may become outdated as a result, and the Presenter has no obligation to update the presentation or correct any inaccuracies or omissions in this presentation.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 other person. Each of the recipient and the Presenter, by accepting and providing this presentation respectively, expressly disclaims any fiduciary relationship and agrees that the recipient is 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 –
  • deal directly or indirectly or through an agent for his or her own account, or for the account of another person, in listed securities to which the inside information relates;
  • disclose the inside information to another other than in the proper course of a person’s employment, profession or duties; and
  • encourage or cause another person to deal or discourage or stop another person from dealing in the listed securities to which the inside information relates.
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. Furthermore, the information contained in this presentation may also qualify as “inside information” as defined in the Market Abuse Regulation (“MAR”). It is a breach of MAR where a person possesses inside information and :
  • uses that information by acquiring or disposing of, for its own account or for the account of a third party, directly or indirectly, financial instruments to which that information relates; or
  • discloses that information to any other person, except where the disclosure is made in the normal exercise of an employment, a profession or duties
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. Some or all of the information contained in these slides and this presentation (and any other information which may be provided) may be inside information relating to the securities of the Presenter within the meaning of the Criminal Justice Act 1993 and the Market Abuse Regulation (EU/596/2014) (“MAR”). Recipients of this information shall not disclose any of this information to another person or use this information or any other information to deal, or to recommend or induce another person to deal in the securities of the Presenter (or attempt to do so). Recipients of this information shall ensure that they comply or any person to whom they disclose any of this information complies with this paragraph and also with MAR. The term “deal” is to be construed in accordance with the Criminal Justice Act 1993 and with MAR. Recipients of these slides and the presentation should not therefore deal in any way in ordinary shares in the capital of the Presenter (“Ordinary Shares”) until the date of a formal announcement by the Presenter in connection with the preliminary results of the Presenter for the year ended 30 June 2016. Dealing in Ordinary Shares in advance of this date may result in civil and/or criminal liability. Neither these slides nor any copy of them may be taken or transmitted into the United States of America or its territories or possessions (“United States”), or distributed, directly or indirectly, in the United States, or to any U.S. Person as defined in Regulation S under the Securities Act 1933 as amended, including U.S. resident corporations, or other entities organised under the laws of the United States or any state of the United States, or non-U.S. branches or agencies of such corporations or entities. Neither these slides nor any copy of them may be taken or transmitted into or distributed in Canada, Australia, Japan, or the Republic of Ireland, or any other jurisdiction which prohibits such taking in, transmission or distribution, except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of United States or other national securities laws.
slide-3
SLIDE 3 3

AGENDA

  • Introduction to EGM

› Location › History › Health & Safety › Human Resources › Geology › Resource & Resources

  • Evander 8 Shaft

› Geology › Infrastructure › Mining Method

  • Processing Plant
  • ETRP
  • Future Projects
slide-4
SLIDE 4

INTRODUCTION TO EGM

LOCATION & HISTORY

slide-5
SLIDE 5 5

EVANDER OPERATIONS LOCATION MAP

slide-6
SLIDE 6 6
  • Evander gold field discovered in 1951
  • Sinking of first shafts started in 1956 (Winkelhaak 1& 3 shaft)
  • First gold pour in July 1958
  • Three other mining complexes developed afterwards namely: Leslie, Bracken and Kinross
  • In 1996 all four mining companies consolidate to form Evander Gold Mines Limited
  • Harmony bought Evander in 1998 (R545 million)
  • Pan African Resources took over control of Evander in February 2013

HISTORY

slide-7
SLIDE 7 7

HISTORY

  • Union Corporation Limited

: 1953 - 1980

  • Gencor Group

: 1981 - 1988

  • Genmin Group

: 1989

  • Gengold Group

: 1990 - 1995

  • Goldfields

: 1996 - 1997 *

  • Harmony (R545 million)

: 1998 - 2013

  • Pan African Resources (R 1.5 bn)

: 28th February 2013

* EVANDER GOLD MINES LIMITED WAS CREATED IN 1996 BY WAY OF A SCHEME OF ARRANGEMENT

slide-8
SLIDE 8 8

EVANDER OPERATIONS HISTORY

Historical production (up to June 2016) Operation T

  • ns milled

Grade Gold Gold (Mt) (g/t) (T

  • nnes)

(Moz) Winkelhaak Mine 74.7 7.6 565 18 Kinross Mine 67.5 6.8 459 15 Leslie Mine 41.4 6.3 259 8 Bracken Mine 26.4 8.8 232 7 T

  • tal

210.0 7.2 1 515 49

slide-9
SLIDE 9

INTRODUCTION TO EGM

HEALTH AND SAFETY

slide-10
SLIDE 10 10

HEALTH

AIM

PREVENTION OF OCCUPATIONAL & NON- OCCUPATIONAL DISEASES AND INJURIES

slide-11
SLIDE 11 11

EVANDER HEALTH HUB

11

slide-12
SLIDE 12 12

BIG SIX

slide-13
SLIDE 13 13

“Phase se 4” 4”

BEHAVIOUR BASED SAFETY DRIVE

slide-14
SLIDE 14 14

SAFETY HISTORY - LTIFR

29.90 18.94 19.11 17.72 9.68 6.87 3.74 4.16 3.33 4.13 2.35

  • 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 2014 -2015 2015 - 2016

4.9

slide-15
SLIDE 15

HUMAN RESOURCES

slide-16
SLIDE 16 16

EVANDER OPERATIONS LABOUR INFORMATION

  • Labour (2424 employees):

Contractors - 890

  • Trade union representation:

› National Union of Mineworkers (NUM) – approximately 90% › UASA – approximately – 5% › No Union - approximately – 5%

  • Member of the Chamber of Mines
slide-17
SLIDE 17

INTRODUCTION TO EGM

GEOLOGY

slide-18
SLIDE 18 18

EVANDER OPERATIONS GEOLOGY

slide-19
SLIDE 19 19

EVANDER OPERATIONS GEOLOGY

slide-20
SLIDE 20 20

EVANDER OPERATIONS GEOLOGY

  • Evander Basin is a

subsidiary of the Wits Basin

  • Kimberly Reef – tabular
  • re-body
  • Gold mineralisation

derived from the underlying footwall

  • Footwall material
  • riginates from

greenstone provenance

  • Major payshoots trends

in the SE-NW direction

Main Kinross Channel

slide-21
SLIDE 21 21

EVANDER OPERATIONS GEOLOGY

Section across the Evander Basin

slide-22
SLIDE 22

INTRODUCTION TO EGM

RESOURCE & RESERVES

slide-23
SLIDE 23 23 Rolspruit Evander South Poplar

RESOURCE & RESERVES

slide-24
SLIDE 24 24

MINERAL RESOURCES

Measured Indicated Inferred Total EGM UNDERGROUND Tonnes Grade Gold Ounces Tonnes Grade Gold Ounces Tonnes Grade Gold Ounces Tonnes Grade Gold Ounces Operations (Mt) (g/t) (Tonnes) (Moz) (Mt) (g/t) (Tonnes) (Moz) (Mt) (g/t) (Tonnes) (Moz) (Mt) (g/t) (Tonnes) (Moz) Evander 7 0.5 11.0 6 0.2 0.3 10.0 3 0.1 5 10.9 59 1.9 6 10.8 68 2.2 Evander 7 Vamping 0.1 2.1 0.2 0.01 0.1 2.1 0.2 0.01 Evander 8 1.9 16.9 31 1.0 3 15.2 49 1.6 16 10.8 167 5.4 21 12.0 247 8.0 Evander South project 10 9.3 96 3.1 9 6.6 59 1.9 19 8.1 154 5.0 Rolspruit 24 10.9 267 8.6 1 9.2 9 0.3 25 10.9 275 8.9 Poplar 14 7.9 112 3.6 7 6.9 46 1.5 21 7.6 158 5.1 TOTAL UNDERGROUND

2.5 14.6 37 1.2 53 10.0 527 16.9 37 9.1 339 10.9 92 9.8 904 29.0

EGM SURFACE Evander TSF 193 0.3 56 1.8 22 0.3 8 0.2 215 0.3 63 2.0 TOTAL SURFACE 0.0 1.0 0.0 0.00 193 0.3 56 1.8 21.8 0.3 7.6 0.243 215 0.3 63 2.0 TOTAL EGM MINERAL RESOURCES

2.5 15.1 37 1.2 245 2.4 583 18.7 59 5.9 347 11.1 307 3.2 967 31.1

June 2016
slide-25
SLIDE 25 25

MINERAL RESERVES

Modifying factors Operations MCF SW MW PRF (%) (cm) (cm) (%) Evander 8 74 126 165 96 Rolspruit 85 110 131 95 ETRP 100 n/a n/a 42

MCF = Mine call factor MW = Milling width SW = Stoping width PRF = Plant recovery factor Proved Probable Total EGM UNDERGROUND Tonnes Grade Gold Ounces Tonnes Grade Gold Ounces Tonnes Grade Gold Ounces Operations (Mt) (g/t) (Tonnes) (Moz) (Mt) (g/t) (Tonnes) (Moz) (Mt) (g/t) (Tonnes) (Moz) Evander 7 Vamping 0.04 1.6 0.1 0.002 0.04 1.6 0.1 0.002 Evander 8 3 8.0 21 0.7 2 6.1 14 0.5 5 7.1 35 1.1 Rolspruit 23 8.6 201 6.5 23 8.6 201 6.5 TOTAL 3 7.9 21 0.7 26 8.4 215 6.9 28 8.3 236 7.6 EGM SURFACE ETRP 36 0.3 11 0.4 36 0.3 11 0.4 TOTAL 0.0 0.0 0.00 36 0.3 11 0.4 36 0.3 11 0.4 TOTAL EGM MINERAL RESERVES 3 7.9 21 0.7 62 3.7 227 7.3 64 3.9 247 8.0 June 2016
slide-26
SLIDE 26

EVANDER 8 SHAFT

GEOLOGY

slide-27
SLIDE 27 27

EVANDER OPERATIONS

Evander 8 Shaft

slide-28
SLIDE 28 28

EVANDER OPERATIONS 8 SHAFT - GEOLOGY

No 8 Shaft

slide-29
SLIDE 29 29

EVANDER OPERATIONS 8 SHAFT - GEOLOGY

Life of Mine 16 Years

slide-30
SLIDE 30 30

N01F N01E 24A N01E N01 A N01 N02 N03 N04

EVANDER OPERATIONS GRADE DISTRIBUTION

f

8 Shaft

Underground samples & Block Model

(cmg/t)

f f f

slide-31
SLIDE 31

EVANDER 8 SHAFT

INFRASTRUCTURE

slide-32
SLIDE 32 32

EVANDER 8# OPERATIONS

17 L 18 L 16 L 15 L 14 L 13 L 12 L 11 L 19 L 23 L 20 L 21 L 22 L 24 L 25 L

5 MW BAC 5 MW BAC 2 x York fridge plants 17 – 24 Vent Shaft

New Decline 24 – 25 Level

150 m³ Fan Raise bore Holes Rock winder Met Plant

8 Shaft 7 Shaft

slide-33
SLIDE 33 33

EVANDER OPERATIONS INFRASTRUCTURE

33

505m 17 Level 3 989m Depth 2 048m Depth 1 857m Processing Plant Decline Conveyor Belt System (50 000 tpm)
slide-34
SLIDE 34

EVANDER 8 SHAFT

MINING METHOD

slide-35
SLIDE 35 35

EVANDER OPERATIONS – MINING METHOD

Intermediate Travelling way 1st portion of raise line mined Raise development

slide-36
SLIDE 36 36

15 m Stability pillar C/gully

EVANDER OPERATIONS – MINING METHOD

Mining Direction Mining Direction

Mining Direction Mining Direction

Ore pass

slide-37
SLIDE 37 37

EVANDER OPERATIONS – MINING METHOD

  • CONVENTIONAL SCRAPER MINING
  • STRIKE AND DIP SCRAPING
  • MINING CONFIGURATION – UPSIDE DOWN XMAS TREE
  • VERY LITTLE SEISMIC ACTIVITY
  • PANEL LENGTH ± 30M
  • STOPING WIDTH ± 126CM
  • PNEUMATIC ROCK DRILLS
  • TIME BLASTING
  • DRILLING AND SUPPORT – DAYSHIFT
  • CLEANING – NIGHTSHIFT
  • TRAMMING – LOCOMOTIVES AND HOPPERS
  • MAIN DEVELOPMENT – IN FOOTWALL
slide-38
SLIDE 38

PROCESSING PLANT

slide-39
SLIDE 39 39

EVANDER OPERATIONS PROCESSING PLANT

slide-40
SLIDE 40 40

EVANDER OPERATIONS PROCESSING PLANT

  • 12 * SILOS (10 * 16M)
  • 6 * MILLS – CAPACITY 160 000 TPM
  • 5 * THICKENERS (6 000M³ EACH)
  • 14 LEACH TANKS (834M³ EACH)
  • TREATMENT SECTION (240 000 TPM)
  • ELUTION CIRCUIT
  • SMELT AND DISPATCHED GOLD BARS TO RAND REFINERY
slide-41
SLIDE 41

ETRP

slide-42
SLIDE 42 42

ETRP

  • ETRP (Evander Tailings Retreatment Plant) is the re-mining of the Kinross dam (58 million tonnes)
  • Mining at a rate of 200 000t per month
  • Processing the slimes at the Kinross plant
  • Average head grade at 0,32g/t
  • Recoveries at 42% to 50%
slide-43
SLIDE 43 43

ETRP

Dam 3 Dam 2 Dam 1

TSF Plant

slide-44
SLIDE 44 44

Grade distribution of the Kinross Dam

Kinross Dam

Dam 1

Dam 2 Dam 3

ETRP

slide-45
SLIDE 45

FUTURE PROJECTS

EVANDER GOLD MINING

slide-46
SLIDE 46 46

EVANDER GROWTH PROJECTS

EGM Reserves, 1,492 7 Shaft Vamping, 5 7 Shaft Pillars, 318 Elikhulu, 1,674 7 Shaft 2010, 2,182 9 Shaft A Block, 322 Evander South, 4,964 Poplar, 5,092 5 Decline, 927 Rolspruit, 8,851 2 4 6 8 10 12 5 10 15 20

EGM Growth Projects Possible Resource Oz (000)

slide-47
SLIDE 47

FUTURE PROJECTS

ELIKHULU (BIG ONE)

slide-48
SLIDE 48 48

ELIKHULU

EVANDER “ELIKHULU” PROJECT: (1 000 000T / MONTH)

  • RE-TREATMENT OF THE TAILINGS STORAGE FACILITIES OF KINROSS, LESLIE & WINKELHAAK
  • KINROSS – 42 HOLES DRILLED
  • LESLIE – 90 HOLES DRILLED
  • INCLUDED 39 SONIC DRILLED HOLES
  • WINKELHAAK – 38 HOLES DRILLED
  • GRADE MODEL DEVELOPED (SIGNED OFF BY SRK)
  • FEASIBILITY STUDY COMPLETED BY DRA
slide-49
SLIDE 49 49

ELIKHULU LOCATION PLAN

Photo of all 3 dams

Kinross Dam Leslie Dam Winkelhaak Dam

New Elikhulu Plant

New Tailings Dam

slide-50
SLIDE 50 50

CATEGORY TONNES GRADE GOLD OUNCES (MT) (G/T) (TONNES) (MOZ) Measured

  • Indicated

193 0.29 56 1.8 Inferred 22 0.35 8 0.24 TOTAL 215 0.30 63 2.04

MINERAL RESOURCES

ELIKHULU MINERAL RESOURCE

slide-51
SLIDE 51

FUTURE PROJECTS

POPLAR

slide-52
SLIDE 52 52

POPLAR LOCATION

POPLAR

slide-53
SLIDE 53 53
  • Previously drilled however limited information available (core lost / incomplete information)
  • 12-month drilling program conducted in FY11 (Dec 2010)

› 23 Holes (20 106 meters) › 77 reef intersections › Indicated additional drilling required

  • Geological model updated using combination of historical and new information (May 2011)
  • Resource occurs at a depth of 500 to 1300 meters below surface

POPLAR BACK GROUND

slide-54
SLIDE 54 54

Surface Bore Holes

Depths below Surface

POPLAR

slide-55
SLIDE 55 55

Category T

  • nnes

Grade Gold Ounces (Mt) (g/t) (T

  • nnes)

(Moz)

Measured

  • Indicated

14.3 7.86 112 3.6 Inferred 6.7 6.92 46 1.5

T

  • tal

21.0 7.56 158 5.1

Mineral resources

POPLAR MINERAL RESOURCE

slide-56
SLIDE 56 56

POPLAR

slide-57
SLIDE 57

FUTURE PROJECTS

EVANDER SOUTH

slide-58
SLIDE 58 58

EVANDER SOUTH LOCATION

EVANDER SOUTH

slide-59
SLIDE 59 59
  • Previously extensively drilled by AAC (core and logs preserved and available)
  • Harmony concluded a 24-month drilling programme in early FY10 (Oct 2009)

› 43 Holes (24 700 meters) › 99 reef intersections

  • Geological model updated using in FY10 and signed off by SRK
  • Resource occurs at a depth of 250 to 1200 meters below surface
  • Evander South is covered by two prospecting rights

› MP 30/5/1/1/2/(248) PR – Renewed and S102 application submitted › MP30/5/1/1/2(4272) PR – Application for renewal has been submitted to DMR

  • Pre-Feasibility completed by SRK in July 2010
  • PAR conduct in house study 2015
  • 4 Options investigated – busy compiling cost on 4 options

EVANDER SOUTH BACKGROUND

slide-60
SLIDE 60 60

Surface Bore Holes Depths below Surface

EVANDER SOUTH

slide-61
SLIDE 61 61

Category T

  • nnes

Grade Gold Ounces (Mt) (g/t) (T

  • nnes)

(Moz) Measured

  • Indicated

10.3 9.30 96 3.1 Inferred 8.9 6.62 59 1.9 T

  • tal

19.2 8.06 154 5.0

Mineral resources

EVANDER MINERAL RESOURCE

slide-62
SLIDE 62 62

EVANDER SOUTH

slide-63
SLIDE 63

FUTURE PROJECTS

ROLSPRUIT

slide-64
SLIDE 64 64

ROLSPRUIT LOCATION

ROLSPRUIT

slide-65
SLIDE 65 65
  • Rolspruit lies north of Evander 8 Shaft and is the down dip extension of the payshoot
  • Rolspruit is a high grade orebody at depth of between approximately 1 800 and 2 800m

below surface

  • Historically a total of 47 drill holes were drilled (with some 170 deflections) – not all

intersected the payshoot

  • In addition geological information from Evander 8 Shaft was extrapolated into the Rolspruit

Area

  • A process was initiated during FY2011 to update the geological model and the

Pre-Feasibility Study

  • The Pre-Feasibility Study has been completed in Aug 2011
  • Objective of the PFS was to show viability and to maintain reserve status
  • PFS was based on a Single Option, 120 000 tons per month operation (not optimised)

ROLSPRUIT BACK GROUND

slide-66
SLIDE 66 66

Surface Bore Holes

ROLSPRUIT

slide-67
SLIDE 67 67

Depths below Surface

ROLSPRUIT

slide-68
SLIDE 68 68

Category T

  • nnes

Grade Gold Ounces (Mt) (g/t) (T

  • nnes)

(Moz) Measured

  • Indicated

24.4 10.92 267 8.6 Inferred 0.9 9.17 9 0.3 T

  • tal

25.4 10.86 275 8.9 Category T

  • nnes

Grade Gold Ounces (Mt) (g/t) (T

  • nnes)

(Moz) Proven

  • Probable

23.4 8.60 201.0 6.5 T

  • tal

23.4 8.60 201.0 6.5

Mineral resources

ROLSPRUIT MINERAL RESERVES & RESOURCES

slide-69
SLIDE 69 69

ROLSPRUIT

slide-70
SLIDE 70 70

LOCATION – GROWTH PROJECTS

Evander 8 Shaft 5 Decline Evander 7 Shaft 2010 Payshoot Evander 7 Shaft Vamping & Pillars Evander 9 Shaft A-Block

slide-71
SLIDE 71

FUTURE PROJECTS

2010 PAYSHOOT

slide-72
SLIDE 72 72

2010 PAYSHOOT

Kinross Payshoot 17 Km 5 Decline 2010 Payshoot

EGM Grade Distribution & Surface Holes

Kinross Payshoot 17 Km 5 Decline 2010 Payshoot

EGM Grade Distribution & Surface Holes

slide-73
SLIDE 73 73

2010 PAYSHOOT

2010 Payshoot

Proposed Surface Holes

First hole

EGM PAR1

slide-74
SLIDE 74 74

2010 PAYSHOOT

7 Shaft 2010 Payshoot T

  • nnes

Grade Contained Gold Category million g/t T

  • nnes

Moz Kimberley Reef Measured 0.52 11.02 5.8 0.19 Indicated 0.34 10.02 3.5 0.11 Inferred 5.41 10.85 58.7 1.89 T

  • tal

6.27 10.82 67.9 2.18

slide-75
SLIDE 75

FUTURE PROJECTS

9 SHAFT A - BLOCK

slide-76
SLIDE 76 76

9 SHAFT A-BLOCK

A-Block 9 Shaft 1 Level ~3Km from station

slide-77
SLIDE 77 77

9 SHAFT A-BLOCK STRUCTURE PLAN

Resource above 1Level Resource below 1Level

Potential of More Resource further to the west

slide-78
SLIDE 78 78

9 SHAFT RESOURCE

Tonnes Grade Contained Gold Evander 9 Shaft Category million g/t Tonnes Moz Kimberley Reef Measured 0.11 13.70 1.6 0.05 Indicated 0.07 14.00 1.0 0.03 Inferred 0.65 11.57 7.5 0.24 T

  • tal

0.83 12.07 10.0 0.32

slide-79
SLIDE 79

QUESTIONS

slide-80
SLIDE 80

THANK YOU