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A JOINT VENTURE BETWEEN. KALGOORLIE CONSOLIDATED GOLD MINES. What’s Down the Track. Current Life of Mine is to 2021 Reduce All In Sustaining Cost to below $1,000/oz Commitment to Hannans North Mt Charlotte UG, 50 th Year of continuous operations. What's Down the Track Forum. 2.

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Presentation Transcript
what s down the track
What’s Down the Track
  • Current Life of Mine is to 2021
  • Reduce All In Sustaining Cost to below $1,000/oz
  • Commitment to Hannans North
  • Mt Charlotte UG, 50th Year of continuous operations

What's Down the Track Forum

2

current strategy
Current Strategy

Objective

Reduce All In Sustaining Cost per ounce to <A$1,000/oz

Tactics

Reduce operating cash costs

  • Tender all new contract work and commercial contracts
  • Understand the Risk and Reward profile for current processes and activities
  • Prioritise improvement projects that give “more for less”
  • Continue to improve safety performance (currently best since 2008)

Increase gold production

  • Increase mining rate at Mt Charlotte underground
  • Specific improvement projects to increase output

What's Down the Track Forum

opportunities and threats
Opportunities and Threats

Opportunities

  • Extend current LOM – Open Pit and Underground
  • Exploration potential – Underground
  • Processing – Large tonnage and low cost processing plant with capacity to treat refractory ore
  • Workforce – Experienced and stable (residential)
  • Community – Good relationship

Threats

  • Gold price continues to drop
  • Royalty / tax increases
  • Australian mining becoming less productive

What's Down the Track Forum

4

2013 lom metal profile
2013 LOM Metal Profile

Mt Charlotte Complete

Open Pit Mining Complete

Marginal Stockpile Processing

Opportunity

What's Down the Track Forum

5

kcgm community investment
KCGM Community Investment

Strategic Long-Term Investments

  • Part of ongoing closure planning
  • Focused on sustainable projects for the wider community
  • Moved away from one-off events and initiatives

Hannans North Tourist Mine

  • KCGM acting as caretakers to re-establish the attractions
  • Long-term business strategy being developed
  • Dependent on community support

What's Down the Track Forum

6

50 years at mt charlotte
50 Years at Mt Charlotte
  • 5 Million ounces since 1963
  • Expected to close 1976, 1998 and 2001
  • 1.2km deep
  • Average 3,740oz each month
  • Employs 60 people

Public tours

  • 12 and 20 underground levels
  • Historic and present day mining
  • Limited time – Sept and Oct
  • 230 visitors

Historic DVD

  • Overview of the last 50yrs
  • Available at Super Pit Shop

Proceeds

        • Approx $5k to Hannans North

7

What's Down the Track Forum