Professional Documents
Culture Documents
Introduction
1. INTRODUCTION (C. BERTHE-General Manager)
2. EXPLORATION WEST AFRICA ( Joe Holliday - RRL Exploration West Africa)
3. EXPLORATION LOULO COMPLEX (Analia - RRL Exploration )
4. RESOURCES AND RESERVES (A. FAMANTA - Mineral Resources Manager)
5. SHE (M.Kanta - SHE Manager)
6. MINING OPEN PIT (T. Frempong- Open Pit Manager)
7. MINING UNDERGROUND (M. TOURE - Underground Manager)
8. 5 YEAR MINING CAPACITY (G. Lawrie Operations Manager )
9. PROCESSING (D. ARAMA - Process Manager)
10.ENGINEERING (A. COULIBALY - Engineering Manager )
11.CAPITAL PROJECT (A. SALON - Capital Project Manager )
12.LOGISTIC and SUPPLY ( C. KONARE - Supply Chain Manager)
13.QUESTIONS
2013/01/25
Senegal
Mali
Loulo history
1981Syndicat Or (JV BRGM + DNGM) discovered Loulo-0 deposit;
1989Somilo was created in purpose to mine Loulo-0 deposit;
1992BHP- Minerals Mali Inc. Acquired BRGM shares in Syndicat Or;
1996..Randgold Resources aquired BHP Minerals Mali Inc in Aug;
1996Yalea discovery Trench excavated in November increasing total
resources to + 3.0 million ounces;
1997Randgold submitted the feasibility study.
1999Mining permit granted;
2003Randgold updated the feasibility study followed by the Board
approval
2004Construction commences;
2005Opening of Loulo gold mine in November 12th;
2005UG Feasibility approval in December
2006Commenced UG development
2009Gounkoto deposit discovered;
2010Gounkoto was Incorporated as a separate Mining Company
2013/01/25
1 200 000
1 000 000
9
800 000
Complex
Cumulative
Profit from
Mining
Activity
M
o
n
t
h
s
600 000
400 000
200 000
0
2005/2007
2008
2009
2010
121 132
58 520
117 705
140 717
121 132
179 652
297 357
438 074
2011
2012
264 155
304 644
702 229
1 006 873
Mining Gounkoto
Purple Patch
New UG design
2013/01/25
CAF
600 000to 650 000 oz production profile
over next 8 years
Metworx introduced in plant during 2011
2013/01/25
129
Payment to
local suppliers,
local salaries.
Community
investment
Direct and
Indirect taxes
708
2013/01/25
Exploration
Yatela
Mali
Sadiola
Senegal
Gara
Sabodala
Kalsaka
Inata
Yalea
Massawa
Tabakoto
Siguiri
Gounkoto
Lefa
Burkina
Faso
Essakane
Taparko
Morila
Youga
Syama
Mana
Kalana
Tongon
Ghana
Ivory
Coast
Ahafo
Obuasi
Ity
Gold
Gold mines
mines
Bonikro
Bibani
Chirano
Prestea
Akyem
Damang
Tarkwa
2013/01/25
Dalema - Kofi
Limestone
QT
Metasediments
Sadiola
!
Diale - Keniebandi
Clastic Metasediments
Metasediments/volcanics
Andesite
SENEGAL
MALI
Mako - Saboussire
Gara
Sabodala
!
!
!
Yalea
Massawa
Granitoids
Tabakoto
Millenium Highway
Randgold Resources
permits
Segala
Gounkoto
100 km
SMSZ
Volcaniclastics
Andesite
Basalt
Loulo district
a proven world class destination
Analytical signal
Airborne EM
Geology
Geochemistry
2013/01/25
Loulo 3
Gravity
Isosurfaces
YALEA
Gounkoto
Faraba
LouloYalea upside
Yalea Long section looking W
N
YDH263
16.7m @ 11.11g/t
YDH264
14.7m @ 18.02g/t
Au (g/t)
>8
58
35
13
0.5 1
YDH261
11.8m @ 3.09g/t
YDH259
5.2m @ 8.11g/t
Incl 1.9m @ 17.24g/t
YDH258
8.6m @ 0.22g/t
100m
2013/01/25
Garaupside
Looking East
Pending
Infill hole
Pending
Infill hole
Pending
Infill hole
Pending
Infill hole
Pending
Infill hole
Au (g/t)
>8
58
35
13
0.5 1
Deep
hole
Deep
hole
Deep
hole
Loulo permitLoulo 3
Loulo permit showing Loulo 3 and new Iron Hill and Yalea Ridge S targets
Loulo 3 Main Zone with
Q2 drill intersections
L3DH108
1.6m @ 9.39g/t
GARA
IRON HILL
9m @ 2.40g/t
incl 1m @ 8.90g/t
5m @ 3.47g/t
incl 2m @ 7.72g/t
LOULO 3
L3DH109
25.1m @ 5.73g/t
L3DH104
7.64m @ 2.46g/t
L3DH106
12.15m @ 1.57g/t
Au (g/t)
YALEA
L3DH111
14.13m @ 3.48g/t
L3DH105
23.12m @ 1.29g/t
200m
YALEA RIDGE S
5km
L3DH107
7.9m @ 2.05g/t
>8
58
35
13
0.5 1
2013/01/25
Loulo Permit
Baboto target shows potential
BABOTO
Baboto North
inferred
154 939 oz @ 1.60g/t
Baboto Centre
GARA
inferred
43 375oz @ 1.39g/t
LOULO 3
Soil
250ppb
100ppb
YALEA
50ppb
25pb
structure
Baboto South
indicated
154 525 oz @ 3.41g/t
Loulo1 East
Iron Hill
NS structure in the contact limestone
/intrusive identified in
RC drilling.
Detailed regolith/geologycompleted
P125 NE
Gara South
NNE structure (continuity of Gara)
Anomalous lithosamples only tested by
regional RAB.
Farandi South
NNE structure which is the continuity of
Farandi structure with crosscut NS
shear.
Legend
Reserve definition
Indicated Resource
Goldfinger fold
Inferred Resource
Advanced Target
Follow up Target
Goldfinger East
10
Identified Target
Generative Target
Q3 Prioritized Target
10
2013/01/25
Gounkoto exploration
Gounkoto history
2009 - 7 diamond drill holes were drilled and confirmed Gounkoto
as a significant new discovery
2010 - Gounkoto was Incorporated 21 Dec
2010 - ESIA approved by the government 06th December
2010 - Mine construction started in November
2011 - Mining operations started 19 Jan
2011 - Implementation of toll treatment agreement 1 Jun
2011 - First gold poured 8 Jun
2012 - Capital paid back after one year production in Q2 2012
2012 - Successful opening of the mine 6 Aug 2012
2012 - First dividend of US$69m paid to the Shareholders in July
2012 Second dividend of US$69m paid in Nov 2012
11
2013/01/25
105RL
20RL
120RL
0RL
Gounkoto deposit
1,720m
300m
Underground
potential
>8
58
35
13
0.5 1
12
2013/01/25
GounkotoGrade/tonnage reconciliation
confirms original orebody model
Original
Resource Model
Grade Control
Block Model
Tonnes 000s
Actual
Oz 000s
Grade g/t
Tonnes
Grade
Ounces
36
Royalties
Payment to
local suppliers,
local salaries.
Community
investment
12
Direct and
Indirect taxes
110
23
Dividends paid
13
2013/01/25
GKDH325
13.10m @ 5.53g/t
1.70m @ 30.54g/t
GKDH282
1.60m @ 3.41g/t
0m
GKDH322
2.00m @ 2.76g/t
GKTWDH14
14.30m @ 9.69g/t
GKDH288
7.60m @ 9.73g/t
GKDH220
25.8m @ 19.85g/t
and
6.20m @ 1.66g/t
GKTWDH12
19.05m @ 11.33g/t
Au (g/t)
>8
58
35
13
0.5 1
GKDH227
18.90m @ 3.83g/t
GKDH353
12.20m @ 6.46g/t
GKDH352
40.8m @ 12.68g/t
GKDH330
3.70m @ 17.74g/t
400
m
GKDH348
32.40m @ 6.51g/t
GKDH351
55.50m @ 5.81g/t
GKDH244
600
7.80m m@ 0.93g/t
50m
GKDH347
4.30m @ 0.81g/t
GKDH289
17.20m @ 6.31g/t
-200m
GKDH106
21.00m @ 10.34g/t
GKDH217
27.20m @ 3.14g/t
and
21.50m @ 1.85g/t
GKDH322
11.90m @ 5.06g/t
GKTWDH16
85.45m @ 7.87g/t
GKDH271
31.70m @ 23.91g/t
GKDH290
30.60m @ 17.21g/t
-400m
Au (g/t)
GKDH328
12.60m @ 6.00g/t
GKDH329
50.85m @ 1.70g/t
50m
GKDH291
14.10m @ 1.65g/t
>8
58
35
13
0.5 1
-600m
14
2013/01/25
OP UG interface
Deposits with underground potential require an interface analysis
Au (g/t)
>8
58
35
13
0.5 1
Ore tonnes
Waste
tonnes
Strip Ratio
Incremental
Cost
increase
$/ore t
increase
950
1000
1050
1100
1150
16 893 743
17 376 549
17 882 280
18 342 697
21 415 925
9.57
9.96
10.31
10.65
13.16
-49.12
-82.35
-76.36
-85.31
-102.66
Loulo Permit
Gara
Loulo 3
Loulo Plant
Yalea
Gounkoto
Faraba
Gounkoto Permit
15
2013/01/25
Gounkoto Permitupside
Gounkoto Permit..
anomalies and targets
Toronto
Advanced target
P64
Inferred resource
60 000oz @ 2.8g/t
Gounkoto
5.07Moz @ 4.23g/t
Potential for
1 Moz underground
Faraba
Inferred resource
335 000oz @ 2.11g/t
Identified target
Existing deposit
Mineral Resources
16
2013/01/25
750m
17
2013/01/25
GRADE (g/t)
<0.5
0.5 to 1
1 to 3
3 to 5
5 to 10
10.
500m
18
2013/01/25
2007
2008
2009
2010
2011
FIFR/Million Hrs
19
2013/01/25
105RL
-25 RL
-20 RL
0RL
20
2013/01/25
Underground Mining
Undergroundimportant milestones
Yalea Stoping in the Purple Patch commenced December 2012
Continuous improvement of development since Quarter 4 2010
Commissioning 88Level ore and waste passes system improving
ore and waste handling system
Yalea phase two ventilation commenced, introducing independent
blasting between Yalea Nth and Yalea Somilo section
Gara Primary ventilation phase two completed
Introduction of the Up holes emulsion in both Yalea and Gara
Settle an optimal mine design through an iterative process in both
Gara and Yalea
Backfill trade off complete and Paste plant in progress
21
2013/01/25
GARA UG
YALEA UG
350,000
250,000
6,000
GARA UG
YALEA UG
150,000
5,000
4,000
50,000
3,000
Q4-2011
Q1 - 2012
Q2 - 2012
Q3 - 2012
-50,000
2,000
1,000
0
Q4-2011
Q1 - 2012
Q2 - 2012
Q3 - 2012
Development meters
increase 55% last 12 months
Yalea UG
P125 Main
500kW Fan
2nd 500kW
Vent System
Yalea Pit
Yalea South
New design
multiple
spiral
declines
Somilo
Section
Decline
Yalea Nth
Decline
Yalea Main
Decline
VD2
South
Decline
22
2013/01/25
Gara UG
Gara Pit
2nd 500kW
Fan (295m/s)
CD3
South Decline
Central
Decline
Nth Decline
New design
multiple
spiral
declines
Mining design optimal with multiple spiral ramps and eliminate footwall drives on
three consecutive levels.
200m strike length in both directions from Spiral Ramps
Future optimisation involves the final location of the crusher and conveyor decline at
85Level at Gara
Mining strategy
Inter-level distances 25m
First five years Top down with combination of Sub Level open
Stoping (SLOS) and pillars with Primary and Secondary stopes
Gara Develop flatter dipping blocks on existing levels
Improve on available minable reserves in 2013 with the introduction
of CAF (Cemented Aggregate Fill)
Introduction of Paste Aggregate Fill in 2014 for 100% extraction
strategy
Optimise between Top down and Bottom up sequences for long term
plan
Capex footwall drives every 100meters (32% reduction)
23
2013/01/25
24
2013/01/25
Processing
25
2013/01/25
Gold Production
26
2013/01/25
Processing Output
2013 focus
Recovery Improvement
Install additional 4 (four) CIL Tanks
Retention time to be put back to 40 hrs
Reagent optimization
Install Lime auto dosing
Cyclones
8km
Upgraded
pipeline
Knelson
Concentrators
Primary Mill
CIL Tank Farm
SOFT ORE Fine
Stockpile
Mineral
Sizer
Coarse
Stockpile
Conveyor
AARL
Ball Mills
Ball Mills
Elution
Smelt-house
Eluate
Gold Bullion
27
2013/01/25
Engineering
Apr
70.00
83.80
84.90
May
77.50
82.30
87.60
Jun
Jul Aug Sep Oct Nov Dec
78.90 77.00 87.60 90.70 84.10 87.60 83.60
87.90 85.40 85.10 87.90 86.50 89.60 87.90
87.40 88.20 86.90 87.30
Planned Availability =
95%
Apr
86.70
93.10
95.30
May
78.40
87.90
93.70
Jun
Jul Aug Sep Oct Nov Dec
83.70 92.00 93.50 95.20 94.20 96.40 92.20
91.80 86.70 92.50 95.30 91.80 92.80 95.90
92.70 96.40 95.30 96.40
28
2013/01/25
Engineering
Focus 2013
Upgrade crushing circuit
Continue to optimize power plant operation, improve fuel
efficiency
Upgrade CIL train and elution capacity for better gold stripping
Component, Equipment rebuild and exchange plan
Completion of Gara conveyor installation
Installation of Yalea primary pump station
Continue Engineering integration, Manpower development
within the group
Capital Projects
29
2013/01/25
Completed projects2012
New Power Plant Medium Speed Engines 7 to 8
Medium Speed Engines 7 & 8
Engine 7 - On line 28 January 2012
Engine 8 - On line 12 February 2012
Additional power required for the Primary Mill project.
New Stockpile
In line with Loulo Milling expansion, to enable and
effectively processing of 300ktpm of harder ( higher work
index) crushed ore from Yalea , Gara & Gounkoto, the
Installation of a New Stockpile is essential . Completed
May 2012.
30
2013/01/25
31
2013/01/25
Achievements 2012
NMS(actual)
NMS (target)
4
2
0
Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec12
12
12
12
12
12
12
12
12
12
12
12
NMS(actual) 15.4 15.1 14.9 14.9 14.8 15.3 13.9 12.4 12.9 11.9 11.9 9.9
NMS (target) 11.4 11.4 11.4 11.4 11.4 11.4 11.4 11.4 11.4 11.4 11.4 11.4
32
2013/01/25
Opportunities
Questions?...
33