Review of International Operations

Agnew Gold Mine

Technical short form report (PDF - 2MB)

		Mineral Resources at 3.8 Moz. Mineral Reserves at 1.3 Moz. Stable Mineral Reserve and Mineral Resource base. Positive results at Cinderella – potential starter pit. High grade shoots – Fitzroy, Bengal and Hastings – discovered beneath Main Lode. Life of Mine extends to 2018 (seven years). Agnew has a well-funded exploration strategy aimed at extending existing Mineral Reserves from its prospective and relatively unexplored tenements through target testing, new discovery and new target generation for future definition.
PRODUCTION: 6,035 kg (194,000 ozs) TOTAL CASH COSTS: AUS$675 (US$696/oz)

The Agnew Gold Mining Company Pty Limited is wholly owned by Gold Fields Limited and currently holds tenements covering an area of approximately 68,138 hectares. Agnew is located some 375 kilometres north of Kalgoorlie in the same geological region as St Ives Gold Mine, and exploits shear-hosted auriferous zones from the highly mineralised Norseman-Wiluna Greenstone Belt.

Agnew represents a solid base for Gold Fields’ growth in the region and is an important contributor to the stated vision, “To be the global leader in sustainable gold mining”, with a target contribution from the Australasia Region of ~1.0 Moz per annum by 2015 in production or development.

Main strategic aims for the company are the discovery of additional Mineral Reserve sources to supplement Waroonga in the short term and the discovery of a significant new ore complex to replace Waroonga in the medium to long term.

Reported Mineral Reserves at Agnew were maintained at 1.3 Moz from December 2010 to December 2011, including the impact of depletion at 224 koz, indicating an effective increase of 205 koz. Changes from December 2010 were dominated by extensions to the main ore body at the Waroonga Underground Complex and the impact of higher gold price assumptions for the December 2011 statement.