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¹ Gold equivalent based on US$1200 /oz gold, US$ 3.0/lb copper with 100% recovery for all metals excluding molybdenum
Issued by Harmony Gold
Mining Company Limited
For more details contact:
Henrika Ninham
Investor Relations Manager
+27(0) 82 759 1775
Marian van der Walt
Executive: Corporate and Investor
Relations
+27(0) 82 888 1242
Corporate office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
Listing codes:
JSE:
HAR
NYSE:
HMY
ISIN no:
ZAE000015228
Registration no: 1950/038232/06
Harmony Gold Mining Company Limited
(Harmony), a world-class gold mining
and exploration company, has
operations and assets in South Africa
and Papua New Guinea. Harmony,
which has more than 60 years’
experience in the industry, is the third
largest gold producer in South Africa.
Our assets include 9 underground
mines and 1 open pit operation and
several surface sources in South Africa.
Our assets in PNG – an open pit mine
(Hidden Valley), as well as the
significant Golpu project – are held in a
joint venture. We also own several
exploration tenements, in Papua New
Guinea.
The company’s primary stock exchange
listing is on the JSE with a secondary
listing
on the New York Stock
Exchange. The bulk of our shareholders
are in South Africa and the United
States. Additional information on the
company is available on the corporate
website,
www.harmony.co.za
.
Maiden copper-gold resource of 4 million gold equivalent ounces
defined for Harmony’s Kili Teke prospect
Key highlights:
· Greenfield porphyry copper-gold discovery
-
The first new porphyry copper-gold deposit defined in PNG since the Golpu
discovery in the early 1990’s
· Drilling to date has defined an initial Inferred Mineral Resource of 128 million
tonnes @ 0.4 % copper, 0.3 g/t Au, 170 parts per million (ppm) molybdenum
containing
-
506 000 tonnes copper, 1.2 million ounces gold, 22 000 tonnes molybdenum
-
4 million ounces on a gold equivalent basis
1
· Excellent exploration upside
-
Resource model constrained to a zone of 600m long, 300m wide and 400m
deep (above the 1000m RL), with the mineralisation remaining open at depth
and along strike
-
New significant drill intercepts at depth below the Resource area, and along
strike including:
KTDD014: 144m @ 0.53% Cu, 0.23 g/t Au from 610m
KTDD017: 374m @ 0.51% Cu, 0.27 g/t Au, 173 ppm Mo from 391m
-
High grade zones of copper-gold skarn mineralisation yet to be included in the
modelling
· Positive preliminary scoping parameters
-
Mineralisation extends to surface and accessible through open pit mining
techniques
-
Preliminary metallurgical test-work favourable with good copper and gold
recoveries and clean concentrates
-
Proximity to key infrastructure including roads and power
· Diamond drilling continues with two drilling rigs onsite to accelerate infill and
extension drilling
Johannesburg: Tuesday, 24 November 2015
. Harmony Gold Mining Company
Limited (Harmony and/or Company) is pleased to announce a maiden Mineral
Resource estimate for the Kili Teke copper-gold deposit on its 100% owned
exploration licence EL2310, containing 506 000 tonnes of copper, 1.2 million ounces
of gold and 22 000 tonnes of molybdenum.
The Mineral Resource comprises 128 Million tonnes @ 0.4 % copper, 0.3 g/t Au, 170
ppm molybdenum and was completed in accordance with the guidelines of the
SAMREC and JORC (2012 edition) codes. The Mineral Resource is classified as
Inferred, and has been defined over a zone 600m long, 300m wide and 400m deep.