Amara Mining plc Developing a Top African Gold Mine
Investor-Presentation-January-2016-FINAL
Investor-Presentation-January-2016-FINAL
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Capex and Opex Expected to Reduce Further<br />
Operating Cost Breakdown (US$/oz produced)<br />
PFS<br />
Operating Cash Cost 685<br />
Freight and refining 4<br />
Royalties (and community fund) 50<br />
Total Cash Cost 739<br />
Sustaining Capex 43<br />
All-In Sustaining Cost 782<br />
Total Capex 186<br />
All-in Cost 968<br />
Capital Costs (US$m)<br />
PFS<br />
Process plant 112<br />
Tailings Management Facility (“TMF”) 14<br />
Infrastructure and site facilities 53<br />
EPCM and Indirects 75<br />
Plant and Infrastructure Capital Cost 254<br />
<strong>Mining</strong> fleet 107<br />
<strong>Mining</strong> pre-strip 33<br />
Contingency 53<br />
Total Pre-Production Capital Cost 447<br />
www.amaramining.com<br />
• Potential top 10 <strong>African</strong> gold mine in terms of lowest all-in<br />
sustaining costs with optimisation targeting further reduction<br />
• Low mining costs (US$2.08/t mined) due to:<br />
— Simple ore body – bulk mining approach<br />
— Single open pit and rationalised site layout<br />
— Low oil price and electric shovels utilised as part of mining<br />
fleet<br />
— Owner-operator mining – cheaper than contractor<br />
• Low processing costs (US$10.63/t processed) due to:<br />
— Low cost grid power – US$0.08c/kWh<br />
— Single stage crush and SAG milling – low cost process<br />
configuration<br />
— Simple metallurgy and low reagent consumption<br />
— Benefits from economies of scale<br />
• Cash margin remains strong at today’s gold price and below<br />
• Upfront capital cost of US$447m for 6.5Mtpa project – expected<br />
to decrease through optimisation work<br />
• Total payback period of 3.0 years<br />
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