South Deep: Finding Its Feet SOUTH DEEP SITE VISIT 13 February 2015 - - PowerPoint PPT Presentation

South Deep: Finding It’s Feet

SOUTH DEEP SITE VISIT 13 February 2015

Nick Holland, Nico Muller and South Deep Team

Introduction

NICK HOLLAND Chief Executive Officer

3

South Deep Gold Mine

• One of the largest undeveloped ore bodies in the

world ̵ 76.2 Moz of Mineral Resources ̵ 38.2 Moz of Mineral Reserves

• A low cost long life mine

̵ +70-year LoM

• High level of confidence in the ore body
• The mine has been built
• Mechanised operations

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

A Gold Fields Franchise Asset A Gold Fields Franchise Asset

4

South Deep Gold Mine

What did Gold Fields Acquire in 2007? We Had To Build The Mine!

• Low resolution in geological block modelling and limited surface exploration drilling
• No robust Life of Mine plan underpinning reserves
• Shaft hoisting capacity limited to 202 ktpm (Main shaft only)
• Metallurgical plant capacity limited to 220 ktpm
• No development to access the ore body below 95 Level
• Old backfill system
• No underground workshop facilities to maintain large fleet
• Tailings facility was reaching full capacity
• Eskom power supply was limited to 80 MW and no emergency power supply
• Minimal underground cooling facilities and surface fans to develop New Mine
• Mining rate was at an average 80 ktpm (Mechanised 63%, Conventional 37%)
• Hostel accommodation inadequate

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

5

South Deep Gold Mine

Improved Accuracy and Confidence in Ore Body Modelling

• 4 Units
• Shore Line

Composite

2000

• 7 Units
• Singular

Subcrop Point

2005

• April 2007 Gold

Fields acquires 100% of South Deep Gold Mine

2007

• 16 Units
• Singular

Subcrop Point

• Surface Drilling

Campaign Started

2008

• 16 Units
• Re-aligned

Subcrop Positions

• LIB Drilling

Campaign Started

• Infill Drilling

(GC) Campaign Started

2009

• 16 Units
• Palinspastically

Reconstructed Depositional Model

2010

• 16 Units
• Kriging of

Channel Widths & Dynamic Modelling

2013

Detailed reserve designs for Current Mine only. Future mine estimated using the Bayesian methodology Future mine north

• f the wrench fault

designed in detail for the first time Studies in mechanising the destress commence The entire Mineral Reserve is designed for the first time in the LoM Reserve updated with new models Reserve updated with new models Highly detailed designs for 7 years included as part of the new LOM

Evolution of a Fit for Purpose Geological Modelling Process

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

6

South Deep Gold Mine

De-risking The Ore Body Now One Of The Best Understood Ore Bodies In South Africa

3D Seismic Survey

(2003) ~20m resolution

Covers the whole lease area south of the wrench

• fault. Used to confirm the

base of lava position as well as major structures.

Surface drilling

(2007-2013) (49,536m) 600m x 600m grid

Used for facies boundaries, structural definition, stratigraphic modelling, assaying and resource estimation.

LIB Drilling

(Long Inclined Boreholes)

(13,023m) 300m x 300m grid

Used for structural definition, stratigraphic modelling, assaying and grade indication.

Grade Control Drilling

50m x 50m grid

Used for facies determination, structural definition, stratigraphic modelling, assaying and resource estimation. 0 – 2 Years Ahead of Current Workings. 2 – 10 Years Ahead of Current Workings. 10 - 70 Years Ahead of Current Workings. 10 - 70 Years Ahead of Current Workings.

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

7

South Deep Gold Mine

Mining Grades Versus Reserve Grades Positive Grade Reconciliation

0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 2010 2011 2012 2013 2014

Mining Grades (g/t)

Actual Mined Grade Reserve Grade

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

8

South Deep Gold Mine

Infrastructure Status 2015 vs 2007 We Have Built The Mine - Transition To Build Up Enabled

Project Capacity (2007) New Capacity (2015) Capital* (R’m ) New Mine Development

• Development

Nil 17 km 2,416

• Ore handling capacity

200 ktpm 245 ktpm 489 Twin Shaft Hoisting Capacity 202 ktpm 370 ktpm 868 New Mining Equipment

• Fleet upgraded

849 Metallurgical Plant Capacity 200 ktpm 330 ktpm 645 FPT Backfill Nil Plant commissioned 396 Tailings Storage Limited LOM TSF commissioned 389 Surface Exploration Drilling Nil 9 holes completed 116 Underground Refrigeration Nil 25.5 MwR 4 x BAC’s 93 72

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

* Expenditure 2009 to date

9

South Deep Gold Mine

Infrastructure Status 2015 vs 2007 (Continued) We Have Built The Mine - Transition To Build Up Enabled

Project Capacity (2007) New Capacity (2015) Capital* (R’m ) 93 Level Main Workshop Equipping Nil 70 Cat 1 machines 33 Single Accommodation Upgrades Nil 922 single rooms 70 Eskom Power Supply

• Emergency Power Supply

80 MW Nil 160 MW 15 MW 51 Mechanised Training Facilities Nil Technical and practical capacities 26 Mega Surface Store Nil 3,600 m² 15 Sustaining Capital 1,235 Total 7,769

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

* Expenditure 2009 to date

10

South Deep Gold Mine

Evolution of Mining Since 2006 Increased Mechanisation = Improved Safety

• Limited

mechanised mining commences

• Convention

al destress

1998

• April 2007

Gold Fields acquires 100% of South Deep Gold Mine

2007

• Destress

mining mechanised

• All

convention al mining, including VCR, stopped

2008

• Horizontal

destress and Longhole Stoping commences

2009

• Crush

pillars introduced

2013

• 96% of current mine

destressed vs 66% in 2007 (Reserve 2.2 Moz)

• 9% of Phase 1 NoW

destressed (Reserve 11.3 Moz).

• Current mine = 10 years of

mining @ 80 ktpm

2015

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

5 10 15 20 25 30 35 40 F2008 F2009 F2010 F2011 C2011 C2012 C2013 C2014

TIFR

11

South Deep Gold Mine

• People Strategy
• Short term

› Rightsizing of workforce through voluntary separation process

• Medium term

› Recruit South African Team from limited pool of skills

• Long term

› Grow South African skills pool through bespoke mechanised mining training

• Fleet Availability and Utilisation
• Decongest the mine
• Cat A equipment reduced from 126 to 75
• Fast-track Mega Workshop on 93-level
• Upgrade satellite workshops
• Replace key equipment
• Ore handling infrastructure
• Fast-tracked additional ore passes and other key infrastructure

2014 Intervention Costs and Capital Reduced from ~R5 Billion to ~R4 Billion Despite Ground Support

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

12

South Deep Gold Mine

• Growing momentum in H1 2014 interrupted in May
• Four-month suspension of production for ground support in 2014
• Knock-on effects into 2015

̵ Destress ̵ Long-hole open stopes delayed Safety Related Ground Support Intervention 70% of Production Areas Curtailed For Four Months Acceleration of Medium Term People Strategy

• Medium and long-term people strategy accelerated

̵ Recruiting South African leadership skills ̵ Growing the South African skills pool

• Introduction of new team under Nico Muller
• Australian Team downscaled – key role in skills transfer and training

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

Observations After First 100 Days

NICO MULLER Executive Vice President: South Africa Region

14

South Deep Gold Mine

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

Leadership: Structure Strength and Stability Required

15

South Deep Gold Mine

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

Leadership: The People Building the Team

Adriaan De Beer VP South Deep

09 Jan 2015

Masala Mutangwa Technical Head Francois Van Heerden Head of Operations

09 Jan 2015

Errol Drake Head of Engineering

02 Feb 2015

Andre Marais Head of Projects Edwin Matlapeng Head of Safety & Health

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South Deep Gold Mine

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

Leadership: The People (continued) Building the Team

Tumelo Nkisi Head of Human Resources

09 Jan 2015

Ulrich Sibilski Head of Environment

15 Sep 2014

Bonny Sebola Head of Sustainable Development Blessed Mazibuko Head of Finance Jana Strydom Head of Legal & Compliance

19 Nov 2014

Manie Keyser Head of Mineral Resource Management

17

South Deep Gold Mine

Position Appointment Date Qualifications and Experience EVP South Africa Nico Muller 01 Oct 2014 BSc Mining Engineering, 20 years experience in South African mining, underground hard rock mechanized experience at De Beers, Anglovaal, African Rainbow Minerals (Two Rivers) and Royal Bafokeng Platinum. Involved in establishing Target Gold Mine - similar

• re body and mining methods to South Deep.

VP South Deep Adriaan de Beer 09 Jan 2015 NHD Mining Engineering, General Manager at Two Rivers Platinum (300 ktpm mechanized board and pillar operations) from 2009 to 2014, previous leadership experience at Anglo Platinum Rustenburg operations Head of Mining Francois van Heerden 09 Jan 2015 Mine Managers Certificate, Section Manager at Lonmin from 2010 to 2012 and then promoted to Mining leader at Lonmin in December 2012. 3.1 (a) from June 2014. Extensive mechanized mining experience at Lonmin and Two Rivers (2 years as Mining Leader). Head of Engineering Errol Drake 01 Feb 2015 Bachelors of Commerce, Graduate Mechanical Engineer, 16 years experience in Central African gold mining, 26 years South African mining experience. Maintenance and Engineering leadership experience with Gold Fields Ltd, AngloGold Ashanti, Anglo American and GenCor Mining. Head of Projects Andre Marais 21 Apr 2006 (Jan 1980) NH Dip Electrical Engineering, Government Certificate Electrical Engineer, Professional Certificated Engineer: ECSA, Wits MAP. Significant experience at Gold Fields with 34 years tenure. Project Engineer 2004 -2006, Chief Engineer 2006 -2008, Senior Manager Engineering Projects 2008-2011 and Senior manager Projects 2011-2014.

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

Leadership Resume Experience

18

South Deep Gold Mine

Geology: Quality Ore Body

• Massive, multi-layered (16 reef horizons)
• 38.2 Moz reserve, 70+ years life of mine
• Well developed exploration programme and resource modelling
• High predictability

The Value Inherent in South Deep Remains, But May Be Longer Dated

RESOURCE EXTENSION & EXPLORATION

DISCOVERY

RESOURCE

76.2 Moz

RESERVE

38.2 Moz

• Massive, multi-layered

palaeoplacer with high predictability

• Grade control and LIB drilling

continues to be effective

• Improved regional pillar

configuration being reviewed

• Pilot destress mining

2013 2087 LoM Extension Potential LoM ~15 Moz produced since 1968

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

19

South Deep Gold Mine

Proven Mining Methods

• Deep level massive mining

̵ Destress ̵ Drifting, benching, longhole stoping

• Fully mechanised
• Improved safety, productivity and costs
• Destress pilot tests (4.5x4.5m, inclined slot)
• Key constraint : support installation

̵ One pass support system ̵ Destress pilot projects ̵ Backfill : Full plant tailings

• UG workings not ideal

̵ Roadways ̵ Water management ̵ Ventilation control and temperatures ̵ Backlog support

The Value Inherent in South Deep Remains, But May Be Longer Dated

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% C2015 C2016 C2017 C2018 C2019 C2020

Reef Tonnes Split Per Mining Method

Destress Stoping Drifts and Large Dev Long Hole and Benches Schematic Cross Section Through The Ore Body

20

South Deep Mining Methods

Drifting and Benching (detail)

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Longhole stoping (detail)

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Horizontal destress with longhole stoping

• Conceptualised reef block with surrounding waste material at a depth of 2,700 m

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Horizontal destress with longhole stoping

• Cut-out for mining method description

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Horizontal destress with longhole stoping

• Sinking of a shaft and development into the target where destressing can start

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Horizontal destress with longhole stoping

• Destressing continuing

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Horizontal destress with longhole stoping

• Destressing continuing

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

27

South Deep Mining Methods

Horizontal destress with longhole stoping

• Destressing continuing

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Horizontal destress with longhole stoping

• Second destress cut in progress

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Destress cut – mining sequence

• Establishment of a destress cut

5,0m 2,5m Destress mining dimensions

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Destress cut – mining sequence

• Once a sufficient area is destressed the initial destress accessed are enlarged to a height of 5.5m.

This allows access for bigger equipment used in longhole stoping 5,0m 2,5m 5,5m Enlargement of accesses Accesses ripped to size in the hanging-wall of the destress accesses

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Destress cut – mining sequence

• Continuation

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Destress cut – mining sequence

• Completed destress cut

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Destress cut – destress envelope

• A destress zone above and below the destress cut is established allowing large

excavations in close proximity of one another

• Destressed envelope – stresses reduced

from 80 Mpa (insitu) to between 35 and 40 Mpa

• Mimics conditions at a depth of 1,200 m

below surface (actual 2,700 m below surface)

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Destress cut – destressed reserves

• On average every ton of destress mining makes

available 7.2 tonnes of targeted reserves

• Each destress cut destresses on average 155 Koz
• f longhole stoping reserves
• Longhole stopes accessed from one destress cut

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Destressed targets

• Detress envelopes describing the what is available for mining (destressed)

Destress Cut-1 Destress Cut-2 Destress Cut-3 Destress Cut-4 Destressed envelope

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Horizontal destress with longhole stoping

• Third destress cut started
• Longhole stoping starts – retreat mining from the outer limits toward the main access

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Horizontal destress with longhole stoping

• Longhole stoping and destressing continuing
• Initial longhole stope backfilled

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Development

• The spiral ramp system accesses destress cut at 17m vertical intervals

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Development

• Longhole stoping and destressing continuing
• Initial longhole stope backfilled

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Horizontal destress with longhole stoping

• Longhole stoping and destressing continuing
• Initial longhole stope backfilled

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

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South Deep Mining Methods

Horizontal destress with longhole stoping

• At a steady state a project such as this will produce at an average rate of 46 Ktpm

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

42

South Deep Gold Mine

• 2009 ramp up capital project

̵ Approved R8.4 billion (2009 terms) ̵ Expenditure to date R7.8 billion

• Primary infrastructure in place to support mine

ramp up

• Key issues :

̵ Ore handling infrastructure ̵ Planned maintenance

Installed Infrastructure Supports Growth

Installed Infrastructure

• Shaft infrastructure and hoisting capacity (330 ktpm)
• Ore handling system (220 ktpm – railbound)
• Ventilation and refrigeration capacity to support production

plans

• Gold plant expansion (330 ktpm)
• Tailings storage facility suitable for life of mine
• Backfill plants (CCT & FPT) and shaft piping
• Underground mega trackless workshop (93L)

Remaining Infrastructure Construction

• On-going New Mine development (100L, 105L 110L)
• Ore handling system (330 ktpm conveyor belts)
• UG backfill reticulation (FPT)
• Pumping (deferred to 2018)
• Ice Plant (deferred to 2020)

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

Infrastructure

43

South Deep Gold Mine

• 2014 fleet rationalisation
• Efficiency gains not realised
• Negative impact on net volumes
• Key issues

̵ Operating conditions ̵ Equipment use / operations ̵ Maintenance infrastructure ̵ Planned maintenance compliance ̵ Skills & quality of maintenance ̵ Performance management

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

Trackless Fleet Trackless Fleet Management Represents A Significant Improvement Opportunity

2013 2014 Var% Drill Rigs 26 11

• 58%

LP Drill Rigs 21 11

• 48%

Simbas 5 5 0% LHDs 25 16

• 36%

LP LHDs 25 15

• 40%

Dump Trucks 20 13

• 35%

Secondary Support 4 4 0% Total 126 75

• 40%

Description Fleet Size 81 60 65 58 10 20 30 40 50 60 70 80 90

C2011 C2012 C2013 C2014

Productivity: Drill Rigs

M/Rig 34 42 50 61 10 20 30 40 50 60 70 80 90

C2011 C2012 C2013 C2014

Productivity: LP Drill Rigs

M/Rig

44

South Deep Gold Mine

• Continual improvement
• Mechanised mining
• 2008

̵ Concluded mining on VCR (conventional) ̵ Phased out conventional destress

• 2014

̵ 3 x fatalities related to trackless equipment ̵ Safety related mine stoppages

• Strong platform for further improvement
• Zero harm philosophy

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

Sustainability: Health & Safety Zero Harm Philosophy Supported by Mechanised Mining Methods

5 10 15 20 25 30 35 40 F2008 F2009 F2010 F2011 C2011 C2012 C2013 C2014

TIFR

0.4 0.8 1.2 F2008 F2009 F2010 F2011 C2011 C2012 C2013 C2014

FIFR

45

South Deep Gold Mine

• Social and Labour Plan
• Shared value projects
• HRD commitments

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

Sustainability: Charter & SLP Social Commitment Provides an Enabling Business Platform

Housing and Living Conditions

• 13 X Poortjie Houses for the elderly Q4 2014
• 150 x Westonaria houses Q4 2014
• Hostel conversion Q4 2014

Business Development Centre

• Facilitates training and business
• pportunities
• Easy access – local community / SMME’s

Bakery

• Managed and operated by local community

SMME Training

• Training of local community SMMEs

Hillshaven Garment Factory

• Managed and operated by local community

46

South Deep Gold Mine

• Water Management Projects

̵ Storm water separation channels (Q2 2015) ̵ Water treatment capacity increase from 3 ML/day to 5 ML/day (Q2 2015) ̵ Tailings storage facility dust alleviation and run off reduction ̵ Rehabilitation and lining of old return water dam (Q4 2016) ̵ Ground water modelling to determine plume mitigation (Q3 2015)

• Rehabilitation and pollution management

̵ Rehabilitation of the old South waste rock dump (End Q2 2015) ̵ Environmental Management Systems according to best practice international standards (ISO14001 certified) ̵ International Cyanide Management Institute (ICMI) compliant

Environmental Stewardship Protects The Future

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

Sustainability: Responsible Environmental Stewardship

47

• 100,000

200,000 300,000 400,000 500,000 600,000 700,000 800,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Historical Ounces Planned

Actuals Build-up Mid 2017

South Deep Gold Mine

Poor Track Record

2014 Events

̵ Mine stoppages due to support intervention ̵ Safety stoppages due to 3 x fatalities ̵ Fleet reduction ̵ Restructuring

On-going constraints

̵ Knock-on effect of 2014 ground support intervention ̵ Revised geotechnical rules ̵ Reduction in fleet ̵ Gradual move to one-pass support installation regime

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

Feb 2014 guidance

Delivery and Performance

48

South Deep Gold Mine

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

Conclusions First Fix The Base And Then Grow With Confidence

• The value inherent in South Deep undoubtedly remains
• Quality ore body
• Installed infrastructure
• Proven mining methods & technology
• Strong social and environment agenda
• Constraints are well documented
• Known weaknesses
• Leadership
• Management
• Design
• Operation
• May take longer

49

South Deep Gold Mine

Systematic, Simplify, Start With The Basics

Redefine core purpose Leadership Core Strategies Operational Excellence Growth

• Fix the base
• Cash flow
• Organisational design (level 1 complete)
• Leadership and direction (level 1 complete)
• Vertical penetration
• Support installation
• Backfill
• Water management
• Roadways
• Work practices
• Performance management
• Continuous improvement targets
• Operational flexibility / predictability
• Confident base
• Rebase growth
• Continue with New Mine Development
• Earn further capital investment

South Deep: Finding it's Feet | Nick Holland, Nico Muller and the South Deep Team | Friday, 13 February 2015

• Management systems
• Planned maintenance
• Stores / inventory management
• Skills development

The Way Forward

South Deep: Finding It’s Feet

SOUTH DEEP SITE VISIT 13 February 2015

Nick Holland, Nico Muller and South Deep Team

Questions?