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CORPORATE UPDATE JUNE 2014
DISCLAIMER
This presentation has been prepared by OZ Minerals Limited (“OZ Minerals”) and consists of written materials/slides for a presentation concerning OZ Minerals. By reviewing/attending this presentation, you agree to be bound by the following conditions. No representation or warranty, express or implied, is made as to the fairness, accuracy, or completeness of the information, contained in the presentation or of the views, opinions and conclusions contained in this material. To the maximum extent permitted by law, OZ Minerals and its related bodies corporate and affiliates, and its respective directors, officers, employees, agents and advisers disclaim any liability (including, without limitation any liability arising from fault or negligence) for any loss or damage arising from any use of this material or its contents, including any error or omission there from, or otherwise arising in connection with it. Some statements in this presentation are forward-looking statements within the meaning of the US securities laws. Such statements include, but are not limited to, statements with regard to capacity, future production and grades, projections for sales growth, estimated revenues and reserves, targets for cost savings, the construction cost of new projects, projected capital expenditures, the timing of new projects, future cash flow and debt levels, the outlook for minerals and metals prices, the outlook for economic recovery and trends in the trading environment and may be (but are not necessarily) identified by the use of phrases such as “will”, “expect”, “anticipate”, “believe” and “envisage”. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and may be outside OZ Minerals’ control. Actual results and developments may differ materially from those expressed or implied in such statements because of a number of factors, including levels of demand and market prices, the ability to produce and transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by governmental authorities, such as changes in taxation or regulation. Given these risks and uncertainties, undue reliance should not be placed on forward-looking statements which speak only as at the date of the presentation. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, OZ Minerals does not undertake any obligation to publicly release any updates or revisions to any forward looking statements contained in this presentation, whether as a result of any change in OZ Mineral’s expectations in relation to them, or any change in events, conditions or circumstances on which any such statement is based. Certain statistical and other information included in this presentation is sourced from publicly available third party sources and has not been independently verified. OZ Minerals financial results are reported under International Financial Reporting Standards (IFRS). This presentation also includes certain non-IFRS measures including Underlying EBITDA, Underlying EBIT and Underlying NPAT. These measures are presented to enable understanding of the underlying performance of the Company without the impact of non-trading items such as impairment, impairment reversal and litigation settlement expense. Non-IFRS measures have not been subject to audit or review. All figures are expressed in Australian dollars unless stated otherwise.
OZ Minerals | 2
INFORMATION RELATING TO THE
REPORTING OF PRODUCTION TARGETS Production outlook
a) The information that relates to production outlook on pages 8, 16, 17 and 23 is extracted from the report entitled “Prominent Hill Reserves and Resources and Production Outlook” (PHRR)
released to the market on 11 December 2013 (and available to view at www.ozminerals.com). The Company confirms that it is not aware of any new information or data that materially affects the
information included in the PHRR and that all material assumptions and technical parameters underpinning the estimates in the PHRR continue to apply and have not materially changed.
b) The production target from Malu Underground on pages 8, 10, 14, 16 17, 18 and 23 is based on the proportions of measured, indicated and inferred resources and mining assumptions on
page 11 of the presentation entitled Prominent Hill Reserves and Resources and Production Outlook that accompanies the ASX announcement referred to in a) above. The Company has not yet
completed the necessary technical studies to determine an ore reserve and the production target should not be misconstrued as an ore reserve. The stated production target is based on the
company’s current expectations of future results or events and should not be solely relied upon by investors when making investment decisions. Further evaluation work and appropriate studies
are required to establish sufficient confidence that this target will be met and to report an ore reserve. There is a low level of geological confidence associated with inferred mineral resources and
there is no certainty further exploration work for Malu Underground will result in the determination of indicated mineral resources or that production itself will be realised.
Mineral Resources
Prominent Hill
The information in this presentation that relates to Prominent Hill Copper Mineral Resource –June 2013, Malu Open Pit Ore Reserves –June 2013 and Ankata Underground Ore Reserves –June
2013 (on pages 31 and 32) is extracted from the report entitled “Prominent Hill Mineral Resources and Ore Reserves Statement as at 30 June 2013” created on 11 December 2013 and is available
to view on www.ozminerals.com/operations/resources--reserves.html. The Company confirms that it is not aware of any new information or data that materially affects the information included in
the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the
relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented
have not been materially modified from the original market announcement.
Khamsin
The information in this presentation that relates to the Khamsin Mineral Resource as at 23 March 2014 (on page 21) is extracted from the report entitled “Khamsin Mineral Resources Statement as
at 23 March 2014” which was released to the market on 26 May 2014 and is available to view on www.ozminerals.com/operations/resources--reserves.html. The Company confirms that it is not
aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that
all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms
that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
Carrapateena
The information in this presentation that relates to Carrapateena Mineral Resource – 2013 at 0.3%Cu cut-off grade (on page 22) is extracted from the report entitled “Annual Carrapateena
Resource Update – 2013” created on 28 November 2013 and is available to view on www.ozminerals.com/operations/resources--reserves.html. The Company confirms that it is not aware of any
new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material
assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form
and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
Ankata Resource Drilling
The information in this presentation that relates to the ‘Peabrain’ drilling at Ankata (on page 13) is extracted from the report entitled “OZ Minerals Prominent Hill Site Visit” which was released to
the market on 15 May 2014 and is available to view on www.ozminerals.com. The Company confirms that it is not aware of any new information or data that materially affects the information
included in the original market announcement. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from
the original market announcement.
OZ Minerals | 3
COMPANY OVERVIEW
OZ Minerals | 4
OZ MINERALS MAJOR ASSETS
Market Capitalisation
~ A$1.3 billion
Issued Share Capital
303 million
Shareholders
~ 65,000 shareholders
Prominent Hill Significant copper asset.
Carrapateena Large copper resource in pre-feasibility, plus nearby discovery at Khamsin.
Cash Balance A$364 million at 31 December 2013. US$200 million undrawn bank debt facility.
Liquid Investments Incl ~ 19% of Sandfire Resources, ~27% of Toro Energy.
Prominent Hill copper operation • In production since 2009. • Second underground
development in 2014.
Carrapateena
• Significant new IOCG
copper deposit.
Gawler Craton
OZ Minerals | 5
DISCLAIMER
PROMINENT HILL
OZ Minerals | 6
South Australia is a favourable mining
jurisdiction and Prominent Hill is well
located with respect to road and rail,
power and water. Export route to Asian
and European markets via Adelaide.
PROMINENT HILL LOCATION
OZ Minerals | 7
Deposit Iron-Oxide Copper Gold
Haematite breccia hosted
Mine Malu Open Pit and Ankata Underground Sub-Level Open
Stoping mine.
Malu Underground due to commence commissioning in late
2014*
Plant Crush, grind, flotation
Nameplate 8Mtpa
Operating at ~9.5Mtpa since 2010.
Workforce Approximately 1,400 including contractors
and approximately 75% from South Australia.
2014 production
guidance*
Contained copper 75,000t to 80,000t
Contained gold 130,000oz to 140,000oz
C1 cost guidance 2014 US$1.15–US$1.25/lb
PROMINENT HILL COPPER GOLD OPERATION
*Refer to p3 for Production Outlook and Malu Underground disclaimer.
OZ Minerals | 8
PROMINENT HILL SITE
TAILINGS STORAGE
FACILITY
OPEN PIT
ROM PAD
PROCESSING
PLANT
ANKATA DEPOSIT AREA
NORTHERN
WASTE DUMP
SOUTHERN
WASTE DUMP
MALU UNDERGROUND AREA
OZ Minerals | 9
PROMINENT HILL MINING AREAS
ANKATA RESOURCE
MALU OPEN PIT
MALU UNDERGROUND
MINE – COMMISSIONING
PLANNED LATE 2014*
*Refer to page 3 for Malu Underground Disclaimer
OZ Minerals | 10
PROMINENT HILL STRONG PERFORMANCE RETURNED
Productivity improvements undertaken including:
• Double benching and adjusted flitch heights.
• Adjustment and smoothing of ramp gradients.
• Changing blast pattern.
• Automation of dispatch system.
• Demobilisation of equipment.
OZ Minerals | 11
Malu Open Pit - 29 April 2014
FOCUS ON COSTS GROSS OPEN PIT EXPENDITURE TO DECREASE
• Total material movement in the
Malu Open Pit to reduce steadily.
• Equipment demobilisation
commenced.
• Gross open pit expenditure to
decrease as equipment is
demobilised.
• Cash flow generation to improve.
• Ore tonnes to increase.
• Waste mining tonnages to
decrease.
OZ Minerals | 12
ANKATA DEVELOPMENT AND PRODUCTION Q4 2013–2014
ANKATA UNDERGROUND STRONG OPERATING PERFORMANCE
• Ankata Underground discovered 2007. First production 2012.
• Reserve grade 2% copper.
• 1.2Mtpa mining rate.
• Production life extended by four years to 2022.
• Potential incremental extensions at ‘Peabrain’.*
OZ Minerals | 13
* Refer to the Ankata disclaimer on page 3.
MALU UNDERGROUND ON TRACK TO COMMENCE COMMISSIONING IN Q4 2014
* Refer to page 3 for Malu
Underground disclaimer.
* • Second underground mine.*
•Reserve evaluation to be completed by H1 2014.
• First copper production planned in late 2014.*
OZ Minerals | 14
PROCESSING PLANT CONSISTENT STRONG PERFORMANCE
0.00
0.25
0.50
0.75
1.00
1.25
1.50
1.75
2.00
2.25
2.50
2.75
To
nn
es
Mil
led
(M
t)
TONNES MILLED
Total Tonnes Milled DesignTonnes Milled
• Consistent throughput
above nameplate
capacity.
• Throughput targeted to
increase in H2 2014
subject to ongoing
strong open pit
performance.
OZ Minerals | 15
PROMINENT HILL COPPER PRODUCTION OUTLOOK
• Malu Open Pit and Ankata Underground production target for 2015 and beyond based only on Reserves.
• Increase in copper tonnes and grade from Malu Open Pit, concurrent with significant drop in waste movement.
*Refer to page 3 for Production Outlook and Malu Underground disclaimers.
OZ Minerals | 16
*
*
*
*
PROMINENT HILL GOLD PRODUCTION OUTLOOK
• Malu Open Pit and Ankata Underground production target post 2015 based only on Reserves.
• Proportion of gold ore in mill feed will decrease as copper ore availability and grade increases.
• High gold content in Malu Underground Resource.
*Refer to p3 for Production Outlook and Malu Underground disclaimers.
GOLD PRODUCTION OUTLOOK*
*
OZ Minerals | 17
*
PROMINENT HILL LIFE OF MINE CONCEPT TO DATE
Ankata Underground
Mine
Malu Underground Mine*
Copper Stockpiles
Gold Stockpiles
Malu Open Pit
Plant throughput
9-10Mtpa
Plant throughput
~6Mtpa
Batch
processing
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
*Refer to p3 for Malu Underground disclaimer.
?
?
OZ Minerals | 18
CARRAPATEENA
OZ Minerals | 19
Carrapateena is another large Iron Oxide
Copper Gold deposit, similar to Prominent Hill,
located 300km to the southeast. The Stuart
Highway, rail line to Adelaide and grid power
are within 50km of the site.
Port facilities exist at both Port Pirie and
Whyalla.
CARRAPATEENA LOCATION
OZ Minerals | 20
CARRAPATEENA PFS NEAR COMPLETION INITIAL RESOURCE AT KHAMSIN
• Acquired in May 2011 for US$250
million.
• Tenement package ~3,620sq km.
• Large Iron Oxide Copper Gold
deposit – similar to Prominent Hill.
• Pre-feasibility study continues in
2014.
• Confidentially agreements have
been entered into with interested
parties.
• Maiden Resource for Khamsin
deposit of 202Mt at 0.6% copper.*
• Regional exploration at Fremantle
Doctor commenced.
Drillhole FDR004 at 960m
vertical depth
Showing massive chalcopyrite.
Results awaited.
* Refer to page 3 for Khamsin
Mineral Resource disclaimer.
OZ Minerals | 21
2013 INFERRED/INDICATED RESOURCES 2011 INFERRED RESOURCES
Looking West
* These wireframes show the interpreted limits of the Chalcopyrite envelope and Bornite zones respectively. These domains contain almost the entire resource. Intervals calculated using a 0.3% Cu cut-off grade.
Resource classification is shown in ‘stylised’ view at Section 737800mE.
* Refer to p3 for Carrapateena Mineral Resource Disclaimer.
Chalcopyrite Zone
Upper Bornite Zone
Lower Bornite Zone
203Mt @ 1.31% Cu, 0.56 g/t Au
At 0.7% Cu cut off
800Mt @ 0.80% Cu, 0.30 g/t Au
At 0.3% Cu cut off
Bornite Zone
250m
CARRAPATEENA AUSTRALIA’S LARGEST UNDEVELOPED COPPER PROJECT
Indicated Resources
Inferred Resources
LEGEND
Chalcopyrite Zone
Vertical depth below surface ~475m
OZ Minerals | 22
SUMMARY
• Production outlook increasing to 105+ktpa copper from 2015.*
• Cost reductions remain a continued focus throughout 2014.
• Carrapateena Pre-Feasibility ongoing, discussions commenced,
exploration to commence at Fremantle Doctor.
OZ Minerals | 23
*Refer to page 3 for Production Outlook and Malu Underground Disclaimer
APPENDICES
OZ Minerals | 24
2012 Full Year 2013 Full Year March Qtr 2014
Mined
Malu Ore Tonnes 7,329,430 8,280,952 2,630,502
Ankata Ore Tonnes 424,965 1,205,026 286,617
Waste Tonnes 73,009,951 78,507,746 19,618,560
Mined Grade
Malu Copper % 1.04 0.63 0.68
Ankata Copper % 2.89 2.27 1.57
Gold G/T 0.52 0.58 0.55
Silver G/T 3.1 2.71 2.59
Ore Milled 9,648,325 9,499,296 2,281,891
Milled Grade
Copper % 1.19 0.87 0.90
Gold G/T 0.6 0.55 0.59
Silver G/T 3.05 2.67 2.42
Recovery
Copper % 88.9 88.4 88.5
Gold % 76 76.0 78.6
Silver % 76.3 75.2 77.4
Copper Conc Produced
Tonnes 202,355
154,369
37,493
Concentrate Grade
Copper % 50.3 47.5 48.5
Gold G/T 21.6 25.8 28.0
Silver G/T 111 123.6 114.0
Contained Metal in Concentrates
Copper Tonnes 101,737 73,362 18,182
Gold OZ 140,746 128,045 33,792
Silver OZ 721,998 613,499 31,171
PRODUCTION
OZ Minerals | 25
* As disclosed (i.e. excludes impact of IFRIC20) accounting interpretation. ** Includes impact of IFRIC20 accounting interpretation.
2012 *Full
Year
2013 Full
Year
March Qtr
2014
Mining Costs 200 342.0 292.4
Deferred Mining (78.3) (167.5) (157.3)
Ore Inventory Adj 11.1 (0.4) (13.0)
Total Mining Costs 132.8 174.1 122.1
Total Site Processing Costs 49.0 62.9 54.5
Tc and Transport 32.6 38.9 42.0
Net By-product Credit (113.1) (119.2) (114.3)
Other Direct Cash Costs 18.7 22.9 17.7
Total C1 Costs 120 179.6 122.0
Royalties 6.7 6.3 6.0
Other Indirect Costs 27.3 11.1 7.3
Total Cash Costs 154 197 135.3
DD&A 72.3 132.3 133.1
Other Non Cash Costs 2.1 (7.5) (22.0)
Low Grade Gold Ore Net Realisable Value Write
Down - - 30.1
Total Production Costs 228.4 321.8 276.5
C1 COSTS – USc/lb
OZ Minerals | 26
A$M Dec-12* Dec-13
Revenue 985.7 644.0
Cost of goods sold (477.5) (446.8)
Net foreign exchange (loss)/gain (11.3) 40.9
Exploration expense (114.1) (74.5)
Gain on sale of Cambodia 18.8 0.9
Other income 7.9 1.8
Other expenses (55.6) (50.5)
Underlying EBITDA 353.9 115.8
Depreciation and amortisation (174.7) (218.5)
Underlying EBIT 179.2 (102.7)
Net financing income 19.9 7.0
Income tax (expense)/benefit (47.1) 33.2
Underlying NPAT 152.0 (62.5)
Asset write down (net of tax) - (231.9)
152.0 (294.4)
* Restated for IFRIC 20
NPAT
Reduction in revenue due to lower sales volumes and pricing.
Increased mining spend with higher open pit volumes and full year production from Ankata, offset by higher waste deferral and inventory credit.
Lower A$/US$ resulted in gain on US$ denominated cash and debtors.
Increase in depreciation due to IFRIC 20 and full year of Ankata production.
Lower interest income due to reduced cash balances.
After tax impact of impairment, recorded in June 2013.
FY 2013 INCOME STATEMENT
OZ Minerals | 27
-200
-150
-100
-50
0
50
100
150
200
152 (39) 52 165 (280) 112 (70) (46) (24) 80 (63)
2012
Underlying
NPAT
Commodity
pricing
FX Sales
Volume
Non
Cash
Cash Ankata Cambodia
Sale/Other
income
Income
Tax
2013
Underlying
NPAT
A$M Variance Analysis - Underlying NPAT 2012 vs 2013
First full
year of
production
from
Ankata
Proceeds from
Cambodia disposal
received in 2012
Higher
open pit
costs
driven by
volume,
offset by
lower
exploration
spend
Lower production
due to lower
grade and lower
copper only ore
mined
Increased
deferred
waste and
inventory
credit offset
by higher
depreciation
Lower
A$/US$
rate led to
gains on
revaluation
of US$
balances
Lower A$
pricing
for both
copper
and gold
UNDERLYING NPAT
OZ Minerals | 28
200
400
600
800
1,000
659 168 70 (278) (114) 25 (75) 455 (91) 364
Cash Balance
December
Prom Hill
Operations
Movement in
Debtors
/Creditors
Deferred Waste Growth and
Sustaining
Capital
Interest/ FX
/Corporate/
Shared Services
Exploration Cash before
Shareholder
returns
Dividend Cash Balance
December
A$M Cash flow - 2013
Prominent
Hill provided
strong
operating
cash flows
with outlook
to
significantly
improve
Unwind of
high
debtors
held at
Dec 2012
= Sustaining $5.6m = Ankata $62.4m = Malu UG $38.1m = Carrapateena $7.6m
= Carrapateena studies $41.5m = Carrapateena drilling $18.9m = Prominent Hill $3.5m = Global $10.1m
Deferred
waste
driven by
higher
waste to
ore strip
ratio and
changes
due to
IFRIC 20
CASH FLOW
OZ Minerals | 29
A$M
Consolidated
Dec-12*
Consolidated
Dec-13
Assets
Cash 659.0 364.0
Receivables 171.7 127.6
Inventories 252.3 172.8
Prepayment & Current tax asset 11.0 4.0
Investments & exploration assets 568.2 493.7
PP&E and leased equipment 1,423.4 1,355.0
Total Assets 3,085.6 2,517.1
Liabilities
Creditors 108.3 133.7
Net deferred tax liability 162.1 30.9
Provisions 29.3 24.6
Total Liabilities 299.7 189.2
Net Assets 2,785.9 2,327.9
* Restated for IFRIC 20
Lower cash balance due to investment in waste stripping and Malu UG growth project and dividend paid.
Balance sheet characterised by significant liquidity and no debt; undrawn facility: US$200 million.
Reduced inventory due to write down of low grade gold ore and more normal concentrate inventories.
Includes 19% holding in Sandfire Resources.
Impacted by asset write down and operating losses.
Decrease in PPE due to write down recorded in June, depreciation, partially offset by investment in Malu OP, Ankata and Malu UG.
BALANCE SHEET
OZ Minerals | 30
For full Mineral Resource Statement see www.ozminerals.com/operations/resources--reserves.html.
*The information set out in these tables is a summary of information relating to Prominent Hill Mineral Resources set out in the ‘Prominent Hill Mineral Resources and Ore Reserves Statement as at 30 June 2013’ created on 11 December 2013 and is available at www.ozminerals.com/operations/resources--reserves.html .
** The information set out in this table is a summary of information relating to Carrapateena Mineral
Resources set out in the ‘Carrapateena Mineral Resources Statement as at 30 June 2013’ created on 28 November 2013 and is’ available at www.ozminerals.com/operations/resources--reserves.html.
Prominent Hill Gold Mineral Resource – June 2013*
Classification Tonnes CuEq Cu Au Ag Cu Au Ag
(Mt) % (%) (g/t) (g/t) (kt) (Moz) (Moz)
Malu Open Pit
Measured 14 N/A 1.5 0.5 3.8 208 0,2 1.7
Indicated 25 N/A 1.1 0.5 2.9 274 0.4 2.3
Inferred 4 N/A 0.9 0.2 2.5 36 0.0 0.3
Total 43 N/A 1.2 0.5 3.2 519 0.6 4.4
Malu Underground
Measured 2 1.9 1.8 0.3 4.2 35 0.0 0.3
Indicated 33 1.5 1.2 0.6 2.8 396 0.7 3.0
Inferred 32 1.5 1.2 0.6 3.0 385 0.6 3.1
Total 67 1.5 1.2 0.6 3.0 815 1.3 6.4
Kalaya Underground
Measured 0 0.0 0.0 0.0 0.0 0 0.0 0.0
Indicated 0 0.0 0.0 0.0 0.0 0 0.0 0.0
Inferred 35 1.5 1.3 0.5 2.1 442 0.5 2.3
Total 35 1.5 1.3 0.5 2.1 442 0.5 2.3
Ankata Underground
Measured 8 2.7 2.4 0.5 3.6 190 0.1 0.9
Indicated 1 2.8 2.6 0.4 5.6 16 0.0 0.1
Inferred 1 1.8 1.8 0.1 4.4 14 0.0 0.1
Total 9 2.6 2.4 0.4 3.8 221 0.1 1.1
Surface Stocks
Measured 1 N/A 0.7 0.3 2.9 7 0.0 0.1
Total
Measured 25 N/A 1.8 0.5 3.7 440 0.4 3.0
Indicated 58 N/A 1.2 0.6 2.9 686 1.1 5.4
Inferred 72 N/A 1.2 0.5 2.5 878 1.1 5.8
Total 155 N/A 1.3 0.5 2.9 2,004 2.6 14.3
RESOURCES AS AT 30 JUNE 2013
Classification Tonnes CuEq Cu Au Ag Cu Au Ag
(Mt) % (%) (g/t) (g/t) (kt) (Moz) (Moz)
Malu Open Pit
Measured 1 N/A 0.1 1.5 2.1 1 0.1 0.1
Indicated 12 N/A 0.1 0.9 1.3 7 0.4 0.5
Inferred 1 N/A 0.0 0.7 1.0 0 0.0 0.0
Total 14 N/A 0.1 1.0 1.3 8 0.5 0.6
Malu Underground
Measured 0 0.0 0.0 0.0 0.0 0 0.0 0.0
Indicated 2 1.3 0.5 1.8 1.7 10 0.1 0.1
Inferred 2 1.4 0.4 2.2 1.4 6 0.1 0.1
Total 4 1.4 0.4 2.0 1.6 16 0.2 0.2
Kalaya Underground
Measured 0 0.0 0.0 0.0 0.0 0 0.0 0.0
Indicated 0 0.0 0.0 0.0 0.0 0 0.0 0.0
Inferred 6 1.3 0.0 2.6 0.7 3 0.5 0.1
Total 6 1.3 0.0 2.6 0.7 3 0.5 0.1
Ankata Underground
Measured 0 0.0 0.0 0.0 0.0 0 0.0 0.0
Indicated 0 0.0 0.0 0.0 0.0 0 0.0 0.0
Inferred 0 0.0 0.0 0.0 0.0 0 0.0 0.0
Total 0 0.0 0.0 0.0 0.0 0 0.0 0.0
Surface Stocks
Measured 6 N/A 0.1 0.8 2.3 6 0.2 0.5
Total
Measured 8 N/A 0.1 0.9 2.3 7 0.2 0.6
Indicated 14 N/A 0.1 1.1 1.3 16 0.5 0.6
Inferred 8 N/A 0.1 2.4 0.9 10 0.6 0.2
Total 31 N/A 0.1 1.4 1.4 33 1.4 1.4
Prominent Hill Copper Mineral Resource – June 2013*
Category Tonnes (Mt)
Cu (%)
Au (g/t)
Ag (g/t)
U (ppm)
Density (t/m3)
Cu (Mt)
Au (Moz
)
Ag (Moz
)
Indicated 356 1.0 0.4 4.3 191 3.49 3.7 4.9 50
Inferred 444 0.6 0.2 2.4 126 3.44 2.6 3.5 35
Total 800 0.8 0.3 3.3 155 3.47 6.3 8.4 84
Carrapateena Mineral Resource – June 2013** at 0.3%Cu cut-off grade
OZ Minerals | 31
For full Mineral Resource Statement see www.ozminerals.com/operations/resources--reserves.html.
*The information set out in these tables is a summary of information relating to Prominent Hill Mineral Resources set out in the ‘Prominent Hill Mineral Resources and Ore Reserves Statement as at 30 June 2013’ created on 11 December 2013 and is available at www.ozminerals.com/operations/resources--reserves.html.
RESERVES – SUMMARY
Malu Open Pit Ore Reserves - June 2013*
Classification Tonnes Cu Cu Au Au Ag Ag
(Mt) (%) (kt) (g/t) (koz) (g/t) (koz)
Copper Ores
Proved 16 1.3 210 0.4 200 3.4 1,800
Probable 27 1.0 270 0.5 400 2.7 2,300
Gold Ores
Proved 7 0.1 10 0.9 200 2.4 600
Probable 8 0.1 10 1.0 300 1.9 500
All Ores
Proved 24 0.9 220 0.6 400 3.1 2,300
Probable 35 0.8 280 0.6 700 2.5 2,800
Total 59 0.8 500 0.6 1,100 2.7 5,100
Ankata Ore Reserves - June 2013*
Classification Tonnes Cu Cu Au Au Ag Ag
(Mt) (%) (kt) (g/t) (koz) (g/t) (koz)
Proven 7.4 2.0 150 0.4 90 2.9 700
Probable 0.1 1.4 2 0.4 2 1.6 7
Total 7.5 2.0 152 0.4 92 2.9 707
RESERVES AS AT 30 JUNE 2013
OZ Minerals | 32
OZ Minerals | 33