IN THIS SECTION
Arrow F2009 Financial Highlights
Arrow Message from the Chairman
Arrow Board of Directors
Arrow Executive Committee
Arrow Message from the Chief Executive Officer
Arrow Gold Fields at a Glance
Arrow South Africa Region
   Arrow Driefontein Gold Mine
   Arrow Kloof Gold Mine
   Arrow Beatrix Gold Mine
   Arrow South Deep Project
Arrow West Africa Region
  Arrow Tarkwa Gold Mine
  Arrow Damang Gold Mine
Arrow Australasia Region
  Arrow St Ives Gold Mine
  Arrow Agnew Gold Mine
Arrow South America Region
  Arrow Cerro Corona Gold Mine
Arrow Exploration and Business Development
Arrow Mineral Resources and Reserves
   
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MINERAL RESOURCES AND RESERVES

SALIENT HIGHLIGHTS

  • Attributable Mineral Resources, including 2PGE and Cu converted to Au-Equivalent ounces, at 271.2 million ounces.
  • Attributable uranium Mineral Resources within the South Africa Region – West Wits Operations* [underground and Tailings Storage Facilities (TSF’s)] at 77.1 million pounds.
  • Attributable Mineral Reserves, including Cu converted to Au-Equivalent ounces, at 81.1 million ounces.
  • A pre-feasibility study for the gold and uranium Mineral Resource potential within the Tailings Storage Facilities of the West Wits Operations has been completed and a feasibility study has commenced. Modelling of the West Wits underground uranium resource is ongoing.
  • Resource modelling for the Upper Elsburg reefs at South Deep has been completed from 87 to 110 level, inclusive of Uncle Harry’s ground contiguous to South Deep.
  • Production at the Cerro Corona Mine and the CIL plant expansion at Tarkwa came on stream during F2009.
  • The F2009 exploration campaign at St Ives successfully delineated new and additional Mineral Resources and Mineral Reserves, primarily from the Athena complex.
  • Significant increase in Mineral Reserves within the Damang Pit complex area.
  • High Pressure Grind Roll (HPGR) technology pilot study for improving Heap Leach recovery at Tarkwa has commenced.

* West Wits Operations include Driefontein, Kloof and South Deep Gold Mines

CORPORATE GOVERNANCE

The company has a robust production capability founded on its portfolio of high-quality, longlife assets and its ‘gold only’ Mineral Reserve managed profile currently ranks third in the industry.

The F2010 Statement outlines the Gold Fields Mineral Resource (Resources) and Mineral Reserve (Reserves) at each of its operating mines and at Arctic Platinum, as at 30 June 2009. The Resource and Reserve information reported is considered important for disclosure and it reflects a level of detail required for completeness, transparency and materiality. The Group’s Resource and Reserve figures are estimates and will be affected by fluctuations in the US dollar currency exchange rates, costs and operating factors. Resources are reported inclusive of Reserves and stability pillars.

Guided by a commitment to corporate governance, this Statement has been audited by recognised, leading global mining consultancies, and found to be compliant with the South African Code for the Reporting of Resources and Reserves (2007 SAMREC Code), which is aligned to the updated Section 12 (October 2008) of the Johannesburg Stock Exchange (JSE Limited) listing requirements and Industry Guide 7 for reporting on the United States Securities and Exchange Commission (SEC). Cognisance is taken of other relevant international codes, where geographically applicable, such as the Australian JORC Code and Canadian NI 43-101. The process followed in producing the declaration is aligned to the guiding principles of the Sarbanes-Oxley (SOX) Act of 2002.

Covering the entire Group’s Mineral Resource Management (MRM) function, the SOX audit runs in parallel with the external Resource and Reserve audits and underpins the internal control process, leading to world class corporate governance practices.

All comparisons and reconciliations reported are standardised on a 12 month window defined by the period between the last published Resource and Reserve statement as at 30 June 2008 and the current 30 June 2009 declaration.

GROUP REPORT

The June 2008 Statement’s numbers are shown in brackets for ease of comparison:

  • As at the end of June 2009, Gold Fields has total attributable precious metal Resources, including: (i) platinum and copper as gold equivalents, (ii) Uncle Harry’s Prospecting Area contiguous to the South Deep Mine and (iii) West Wits TSF’s gold (excluding uranium), of 271.2 (250.6) million ounces and total attributable gold and copper-gold equivalent Reserves of 81.1 (82.8) million ounces;
  • Total attributable gold Resources (excluding platinum and copper equivalents) are 255.4 (234.5) million ounces and Reserves are 78.9 (80.5) million ounces, net of 4.1 and 3.8 million ounces depletion from the Resource and Reserve respectively. Total attributable TSF and underground uranium Resources amount to 77.1 million pounds (excludes Beatrix);
  • The South Africa Region has a declared attributable Resource of 228.3 (209.6) million ounces, up nine per cent primarily due to the increase in the metal price and the inclusion of additional TSF gold ounces. The South African Region has a Reserve of 64.7 (66.6) million ounces, down three per cent, net of 2.4 and 2.1 million ounces depletion from the Resource and Reserve respectively. Aside from the restated Upper Elsburg reef numbers above infrastructure (87-110 level), South Deep figures remain as per the acquisition model;
  • Following a pre-feasibility study, the TSF Project has a declared attributable surface uranium Resource of 51.4 (11.4) million pounds and a gold Resource of 4.3 (1.2) million ounces (included in the South Africa Region Resources above). The underground attributable uranium Resource for the West Wits Operations has been estimated this year at 25.7 million pounds (excluding Beatrix);
  • The West Africa Region has a declared attributable gold Resource of 14.6 (13.5) million ounces and a gold Reserve of 8.9 (9.0) million ounces, depleted by 0.6 and 0.7 million ounces respectively;
  • The Australasia Region has a declared attributable gold Resource of 9.1 (7.7) million ounces and a gold Reserve of 3.0 (2.5) million ounces, depleted by 0.7 and 0.7 million ounces respectively;
  • The South America Region has a declared attributable gold Resource of 3.4 (3.8) million ounces and a gold Reserve of 2.3 (2.4) million ounces. Attributable copper Resources and Reserves are 1,154 (1,321) million pounds and 797 (856) million pounds respectively. The total attributable gold and copper-gold equivalent Resource and Reserve ounces are 6.6 (7.2) million ounces and 4.5 (4.7) million ounces, depleted by 0.3 and 0.3 million ounces respectively;
  • North American Palladium Limited (NAP) did not take up their option to acquire 60 per cent of the Arctic Platinum Growth Project (APP) and consequently the Resource Statement remains the same as historically reported (12.6 million ounces 2PGE+Au);
  • The commodity prices used for the Reserve declaration are in accordance with the SEC guidelines and approximate the historical two-to three-year average commodity prices.

Attributable Mineral Resources and Mineral Reserves per operation:

Attributable Resources*

Attributable Resources*

*Excluding TSF uranium Resources as well as the underground Uranium Resources.

Attributable Reserves

Attributable Reserves

The following currency rates were used as the basis for estimation in this declaration:

      June 2009   June 2008  
  Location Unit Reserves   Resources   Reserves   Resources  
  Ghana & Peru Au – US$/oz 800   1,000   650   800  
  Australia Au – A$/oz 1,000   1,250   750   925  
  South Africa1 & 2 Au – ZAR/kg 230,000   285,000   150,000   180,000  
    U3O8– US$/lb   75   ñ   40  
  Peru Cu – US$/lb 2.203   2.753   1.75   2.10  

Notes:

1.
South Deep figures between 87 to 110 level generated by Gold Fields.
2.
The remainder of South Deep is reported as per the acquisition model (low gold price and corresponding lower costs).
3.
Whittle shells run at US$2.20/lb for Resources and US$1.75/lb for Reserves. US$2.75/lb and US$2.20/lb used to calculate equivalent gold for Resources and Reserves respectively and for cash flow analysis.

The investment in mine based exploration has remained at high levels, with expenditure for the 12 month period July 2008 to June 2009 totalling US$48.47 million. The on-mine exploration spend centred heavily on Australia (69 per cent) with South Africa (21 per cent) and Ghana (10 per cent) accounting for the remainder.

Exploration expenditure for 12 month period ending 30 June 2009

                    Total expenditure  
        F2009 expenditure   F2009   F2008  
  Operations/Regions Metres drilled   R million   A$ million   US$ million   US$ million   US$ million  
  Driefontein 11,754   5.414       0.605   1.403  
  Kloof 16,526   11.208       1.252   1.717  
  Beatrix 8,152   3.408       0.381   0.556  
  South Deep 26,665   52.911       5.912   3.388  
  West Wits TSFís* 30,012   16.247       1.815   0.197  
  Total South Africa Region 93,109   89.188       9.965   7.261  
  Tarkwa**           0.960  
  Damang 26,906       5.005   5.005   4.104  
  Total West Africa Region 26,906       5.005   5.005   5.064  
  St Ives 155,490     26.342     20.523   22.970  
  Agnew 134,366     16.651     12.972   17.016  
  Total Australasia Region 289,856     42.993     33.495   39.986  
  Cerro Corona**            
  Total South America Region            
  Grand Total 409,871   89.188   42.993   5.005   48.465   52.311  

Notes: Exchange rate as at 30 June 2009 US$ 0.7791: A$1.00 and US$1.00: R8.95.
* Tailings Storage Facility
** Grade control drilling only.
All mines exclusive of grade control and cover drilling except where it is included in the Capex budget.

SOUTH AFRICA REGION

The South Africa Region’s Resource base has increased by nine per cent net of depletion primarily because of the increase in the gold price and the additional TSF gold ounces. The total Reserve has decreased by three per cent, net of mined depletion. The South Africa Region currently accounts for 84 per cent and 80 per cent of the Group’s attributable precious metal and gold equivalent Resource and Reserve base respectively.

The application to convert South Deep’s old order mining rights, and to include Uncle Harry’s Prospecting Right into a new order mining right, was submitted in Q2 F2009 to the Department of Mineral Resources (DMR) for approval.

The tempo of exploration has significantly increased year on year, with drilling expenditure for the 12 months ending 30 June 2009 amounting to R89 million (R53 million for F2008). South Deep accounted for R52.91 million and was the main contributor following the initiation of an extensive surface and underground exploration programme in F2009, aligned to facilitate geology models with improved resolution that will underpin resource definition.

The following points are noteworthy:

  • The uranium and gold Resource models for the West Wits TSF have been generated and incorporated in the pre-feasibility study. A feasibility study has commenced and should be completed within the F2010 financial year;
  • Underground uranium Resource models have been generated for Driefontein, Kloof and South Deep (Upper Elsburg reefs 87 – 110 level);
  • All primary off-reef development at the long life shafts should be fully mechanised by the end of Q4 F2010. This should have a positive impact on the safety performance and is expected to increase productivity, which in turn should increase available Reserves;
  • During F2010 a mine design, planning and financial comparison will be undertaken between deepening 9 sub-vertical shaft and developing declines below 5 Shaft at Driefontein;
  • South Deep continued developing and enhancing the Resource models and as a consequence has now designed and scheduled just under 50 per cent of the declared Reserve.

Driefontein

Enhanced geological modelling and re-zoning of the Multi Band Carbon Leader Reef facies at Driefontein is providing better resolution of the geological domains. A selective mining cut methodology is being applied to the Multi Band Carbon Leader, which reduces dilution and significantly improves the stope grades (g/t Au). It also mitigates the geotechnical risk associated with exposing the less competent hangingwall quartzites. The geological model of the Middelvlei Reef was reviewed and upgraded during the past year and as a consequence the development strategies at the 6 and 8 Shaft complexes have been altered accordingly.

Kloof

At Kloof 7 shaft, positive drilling results in the 69 line decline area below 39 level have resulted in the original geometry of the high grade Ventersdorp Contact Reef (VCR) Sandy 1 facies being increased. The Sandy 1 facies around the 45 level area to the west of 4 shaft, was also increased following new borehole intersections.

Beatrix

At Beatrix, maintenance of main and secondary development volumes, particularly at South Section, has provided for continued ore body definition and selective mining of relevant areas. At North Section, ongoing resolution of geological facies and value trends are being driven by underground exploration drilling and detailed geological mapping, which defines areas of potential that will contribute to the future sustainability and volume build-up in the Section. Key areas targeted for underground and surface exploration drilling at Beatrix in F2010 include the Western Decline area at North Section, the G Block extension and Vlakpan areas at South Section and the North Block at West Section (4 shaft).

South Deep

The remodelled and restated South Deep figures reported for the Upper Elsburg reefs are from the ground between 87 and 110 levels. The new commodity price and updated technical and economic parameters have been used in the estimation process. The figures for South shaft (Old Mine) and the ground below infrastructure, together with the majority of the VCR, continued to be stated as reviewed and approved by an Independent Review Panel of consultants as at December 2005. The underground and surface exploration drilling programme in the mine lease area and in Uncle Harry’s to enhance the confidence in the estimate, continued during the year.

The key milestones for South Deep in the next three years include:

  • The commissioning of the new tailings facility towards the end of 2011;
  • The equipping of the Ventilation shaft in the next 12 months;
  • The concurrent starting of the 240 metre deepening of the shaft to a final depth of 2,995 metres by mining contractor Murray & Roberts Cementation;
  • The commissioning of the Ventilation shaft rock winder by June 2012.

These milestones are necessary to facilitate the build-up to full production by December 2014.

WEST AFRICA REGION

The West Africa Region’s Resource base has increased by eight per cent net of depletion primarily because of the increase in gold price. The total Reserve has decreased slightly by one per cent, net of mined depletion. The West Africa Region currently accounts for five per cent and 11 per cent of the Group’s attributable precious metal and gold equivalent Resource and Reserve base respectively

Tarkwa

The Tarkwa Carbon In Leach (CIL) plant expansion project was completed in Q2 F2009. The expanded CIL plant is on track to reach full planned production in Q1 F2010. This expansion increases the mill capacity to 12.3 Mtpa and maintains planned production at between 650 koz to 750 koz per annum. In addition, the Heap Leach (HL) treatment route has a capacity of 9.85 Mtpa translating to a combined CIL and HL planned production of between 700 koz to 800 koz per annum

Processing at the South Heap Leach was phased out in December 2009 and the current focus is on constructing a High Pressure Grind Roll (HPGR) pilot plant to conduct a 1.0 Mt plant scale test of the technology in Q2 F2010. The tests will determine the viability and increased recoveries that potentially could be achieved through this process.

Damang

The Damang Pit Cutback (DPCB) complex continues to provide a window of opportunity to explore attractive targets and increase the mine’s operational footprint. A significant increase in Reserve at Huni (within the DPCB complex), following Resource model updates and optimisation at US$800/oz, adds to this flexibility. The strategy to investigate potential underground mining from the DPCB open pit is planned to be evaluated during F2010.

Damang plans to accelerate its recent rate of discovery to maintain a pipeline of quality projects and to provide additional mineable reserves to drive an extension to the LoM. On-mine lease exploration activities in F2010 will be assisted by the Near Mine Exploration initiative to ensure that the highest potential targets are tested as a priority. Prime targets include Amoanda North, Damang North and Nohokoa.

The current focus on commissioning a secondary crusher at the Damang Processing Plant by the fourth quarter of F2010 is aimed at increasing the treatment of high grade fresh ore to ensure flexibility and to mitigate the current dependency on lower grade oxide ore. This facility will allow for better blending ratios of up to 90 per cent high grade fresh ore and 10 per cent oxide ore.

AUSTRALASIA REGION

The Australasia Region’s Resource base has increased by 19 per cent net of depletion primarily because of the increase in gold price and discovery. The total Reserve has increased by 22 per cent, net of mined depletion due to the increase in discovery and gold price. The Australasia Region currently accounts for three per cent and four per cent of the Group’s attributable precious metal and gold equivalent Resource and Reserve base respectively.

St Ives

The Resource and Reserve at St Ives has been increased following a year of continued successful exploration. The overall exploration strategy and framework implemented over the past few years has consisted of systematic full field air core drill programmes, integrated with detailed geological mapping and modelling supported by the application of best practices such as regional geochemistry, multi element sampling, geophysics and visual 3D modelling.

In particular, exploration spend for F2009 at St Ives was dominated by the drill out of the Athena and surrounding environments within the prospective Condensor North mining area, which has culminated in the declaration of the initial Reserve (399 koz) from this project area. Significant volumes of drilling and structural/ geological understanding were completed at this site during the past year and the local knowledge base is well advanced. Further depth and extensional drilling will be completed in F2010 as options to bring this ore body into future production are evaluated.

Further contributions to the St Ives Reserve growth came from discoveries and extension at the Argo (+151 koz) and Belleisle (+46 koz) underground mines, where extension drilling and improved ore body modelling/structural control reviews were conducted and extensions drilled out. At the Cave Rocks underground mine, geological work focused on defining ore body geometry, continuity and spatial distribution during the past year, which will also provide the framework for future extensional drilling programmes.

Two continuous improvement programmes at St Ives, the Underground Department Improvement Programme (UDIP) and Open Pit Department Improvement Programme (ODIP) were initiated in F2009. These programmes will focus on, and contribute towards, improved mine design, sequencing and productivity through primary drilling and ore body definition. Reductions in key quality parameters such as dilution and inherent gold losses to improve the mine to mill recovery and subsequent revenue streams, will also be targeted.

Agnew

Ongoing exploration of the Waroonga complex which primarily concentrated on the Kim South and Main lodes has enabled Agnew to continue to add to the Resource and Reserve base year on year for the last three years. A geological study of the whole Waroonga complex is underway to provide better ore definition and optimise the exploration programme. Outside of Waroonga, exploration will be focused within the highly prospective Mine Central Corridor that hosts the vast majority of the larger major gold ore bodies discovered in the region (Songvang, Crusader complex and Redeemer complex).

SOUTH AMERICA REGION

The South America Region’s attributable gold and gold equivalent Resource base has decreased by nine per cent net of depletion primarily due to geotechnical changes (flattening of slope angles) and increases in operating costs. The total attributable gold equivalent Reserve has decreased by six per cent, net of mined depletion. The South America Region currently accounts for two per cent and six per cent of the Group’s attributable precious metal and gold equivalent Resource and Reserve base respectively.

Production at Cerro Corona started in August 2008 and reached steady state of approximately 500,000 tonnes per month, producing about 3,100 metric tons copper per month and 12,000 oz gold per month in February 2009. Construction of the Tailings Storage Facility is progressing according to schedule. Abutments clean-up, restricted placement areas and higher than expected precipitation are the main challenges to construction. Following the revision to the geotechnical model, the slope angles have been modified resulting in an increase in the waste stripping, which may exceed the current waste storage facility. The surplus tonnage will have to be accommodated at an alternative on-mine site. Investigations into a potential expanded or supplementary tailings facility are in progress and will be completed in F2010.

ARCTIC PLATINUM PROJECT

During F2009 North American Palladium Limited (NAP) informed Gold Fields Finland Oy that it will not follow its option to acquire up to 60 per cent of the Arctic Platinum Project (APP). During the past two years NAP completed two phases of infill drilling on the SK Reef (21,723m) and Suhanko Project plus extensions (16,844m). Unfortunately the Resource modelling and estimation had not been completed by NAP by 31 August 2008 when the agreement expired, but all drill cores and assay data have been delivered to Gold Fields. The new geological information is being reviewed for both project areas and revised resource models should be completed within F2010.

Emphasis has shifted from geological development of the Suhanko Project to the examination and testing of Platsol processing technology. New metallurgical recovery and operating cost estimates are being developed and when this work is completed, an updated Resource will be estimated based on a revised set of precious and base metal price assumptions.

MINERAL RESERVE SENSITIVITY

The sensitivity of Reserve ounces at all the operations is shown in the accompanying charts, at -5 per cent, -10 per cent and +5 per cent, +10 per cent and +25 per cent, above and below the base gold price used in this declaration. Surface low grade stockpiles are specifically included. South Deep has been included across the range at its base declaration prices. The +25 per cent flex is included to help reflect the current commodity price trend.

The Reserve sensitivities are not based on detailed depletion schedules and should be considered on a relative and indicative basis only.

South Africa Region Managed Mineral Reserve Sensitivity

South Africa Region Managed Mineral Reserve Sensitivity

West Africa Region Managed Mineral Reserve Sensitivity

West Africa Region Managed Mineral Reserve Sensitivity

Australasia Region Managed Mineral Reserve Sensitivity

Australasia Region Managed Mineral Reserve Sensitivity

South America Region Managed Mineral Reserve Sensitivity

South America Region Managed Mineral Reserve Sensitivity

Note:
Cerro Corona Reserves are constrained by the Tailings Storage Facility (TSF). Supplementary facilities may allow for expansion of the Reserve base.

COMPETENT PERSONS

The competent persons designated in terms of the 2007 SAMREC Code taking responsibility for the reporting of Gold Fields’ Resources and Reserves are the respective mine based Mineral Resource Managers.

Corporate governance on the overall compliance of these figures has been overseen by Tim Rowland, Vice President Technical South African Operations [BSc (Hons) Geology, MSc Mineral Exploration, GDE Mining Engineering, Pr. Sci. Nat. (Registration number 400122/2000) FSAIMM, FGSSA, GASA, 23 years experience and Kevin Robertson, Senior Consultant Mineral Resources and Mine Planning [NHD (Economic Geology), Post Graduate Diploma in Business Engineering Management, GDE (Mining), MEng (Mining), Pri. Sci. Nat. (Registration number 400127/04)], 23 years experience.

The named persons are permanent employees of Gold Fields Limited. Additional information summarising the mine based competent person teams involved with the compilation of the Resource and Reserve declaration per Operation is included in the ‘Technical Short- Form Reports’.

Note:

A comprehensive review of the Group’s Resources and Reserves as at 30 June 2009, including locality and mine infrastructure plans of all the operations, is available in the ‘Mineral Resources and Mineral Reserves Overview 2009’ or may be downloaded from the Gold Fields website (www.goldfields.co.za) as a pdf file using Adobe Acrobat Reader. Rounding of figures in this report may result in computational discrepancies. Where this occurs it is deemed not to be significant.

GOLD FIELDS LIMITED CLASSIFIED MINERAL RESOURCE AND MINERAL RESERVE STATEMENT

as at 30 June 2009

HEADLINE NUMBERS

    Resources   Reserves
    30 June 2009   June 2008   30 June 2009   June 2008  
    Tons       Au+2PGE   Au+2PGE   Tons       Au+2PGE   Au+2PGE  
  Totals including platinum (Mt)       (Mt)   (Moz)   (Moz)       (Moz)   (Moz)  
  Managed 2,143.1     278.493   257.786   747.1     83.019   84.773  
  Attributable 1,970.4     267.978   247.123   641.4     78.863   80.530  
                                   
  Totals including platinum         Au+2PGE   Au+2PGE           Au+2PGE   Au+2PGE  
  and gold equivalents Tons       +AuEq   +AuEq   Tons       +AuEq   +AuEq  
  (from copper) (Mt)       (Moz)   (Moz)   (Mt)       (Moz)   (Moz)  
  Managed 2,143.1     282.424   262.083   747.1     85.736   87.630  
  Attributable 1,970.4     271.150   250.591   641.4     81.055   82.835  

SUMMARY1

    Resources (100%)   Reserves (100%)   Attributable (%)  
    30 June 2009   June 2008   30 June 2009   June 2008   30 June 2009  
    Tons   Grade   Gold   Gold   Tons   Grade   Gold   Gold   Resource   Reserve  
  GOLD (Mt)   (g/t)   (Moz)   (Moz)   (Mt)   (g/t)   (Moz)   (Moz)   (%)   (Moz)   (Moz)  
  South African operations                                            
  Driefontein 171.2   9.6   52.781   44.550   75.2   7.5   18.202   19.702   100   52.781   18.202  
  Kloof 255.2   9.6   78.954   71.774   53.2   6.2   10.521   11.070   100   78.954   10.521  
  South Deep 2 260.1   7.6   63.826   63.968   149.4   6.1   29.486   29.127   100   63.826   29.486  
  Uncle Harryís 3 78.0   5.8   14.566   16.504   -   -   -   -   74   10.779   -  
  Beatrix 93.0   5.9   17.598   16.107   41.0   4.9   6.448   6.696   100   17.598   6.448  
  Tailings Storage Facilities (TSF) 453.0   0.3   4.348   1.167   -   -   -   -   100   4.348   -  
  Total South Africa Region 1,310.5   5.5   232.072   213.920   318.8   6.3   64.657   66.595       228.285   64.657  
  Ghana operations                                            
  Tarkwa 348.7   1.4   16.187   15.435   270.0   1.2   10.676   11.313   71.1   11.509   7.591  
  Damang 74.9   1.8   4.283   3.490   36.1   1.6   1.820   1.354   71.1   3.045   1.294  
  Total West Africa Region 423.6   1.5   20.470   18.925   306.1   1.3   12.496   12.667   71.1   14.554   8.885  
  Australia operations                                            
  St Ives 63.8   2.8   5.643   4.538   30.1   2.4   2.322   1.879   100   5.643   2.322  
  Agnew 4 21.2   5.1   3.497   3.125   2.9   7.8   0.722   0.615   100   3.497   0.722  
  Total Australasia Region 85.0   3.3   9.155   7.663   33.0   2.9   3.044   2.494   100   9.155   3.044  
  Peru operation                                            
  Cerro Corona 155.8   0.8   4.209   4.677   89.3   1.0   2.822   3.017   80.7   3.397   2.277  
  Total South America Region 155.8   0.8   4.209   4.677   89.3   1.0   2.822   3.017   80.7   3.397   2.277  
                                               
  GFL GOLD TOTALS                                            
  Total Gold Managed 1,974.8   4.2   265.892   245.185   747.1   3.5   83.019   84.773              
  Total Gold Attributable 1,802.1   4.4   255.377   234.522   641.4   3.8   78.863   80.530       255.377   78.863  

    Resources (100%)   Reserves (100%)   Attributable (%)
    30 June 2009   June 2008   30 June 2009   June 2008   30 June 2009
    Tons   Grade   Copper   Copper   Tons   Grade   Copper   Copper  
Resource
  Reserve  
  COPPER (Mt)   (% Cu)   (M lbs)   (M lbs)   (Mt)   (% Cu)   (M lbs)   (M lbs)   %   (M lbs)   (M lbs)  
  Cerro Corona (copper only) 148.2   0.4   1,429   1,637   89.3   0.5   988   1,061   80.7   1,154   797  
            Au-Eq   Au-Eq           Au-Eq   Au-Eq       Au-Eq   Au-Eq  
            (Moz)   (Moz)           (Moz)   (Moz)       (Moz)   (Moz)  
  Cerro Corona - Gold Equivalent         3.931   4.297   -   -   2.717   2.857   80.7   3.172   2.193  
    Tons   Grade   Uranium   Uranium   Tons   Grade   Uranium   Uranium       Uranium   Uranium  
  URANIUM (Mt)   (kg/t)   (M lbs)   (M lbs)   (Mt)   (kg/t)   (’000 kg)   (’000 kg)   (%)   (M lbs)   (M lbs)  
  Driefontein Underground 50.2   0.096   10.545   -   -   -   -   -   100   10.545   -  
  Kloof Underground 35.5   0.045   3.554   -   -   -   -   -   100   3.554   -  
  South Deep Underground 71.6   0.073   11.583   -   -   -   -   -   100   11.583   -  
  Total Uranium Underground 157.3   0.074   25.681   -                   100   25.681   -  
  Driefontein TSF 164.7   0.061   22.255   11.380   -   -   -   -   100   22.255   -  
  Kloof TSF 234.9   0.039   20.450   -   -   -   -   -   100   20.450   -  
  South Deep TSF 53.4   0.074   8.726   -   -   -   -   -   100   8.726   -  
  Total Uranium TSF 453.0   0.051   51.431   11.380   -   -   -   -   100   51.431   -  
  Total Uranium Managed 610.3   0.057   77.113   11.380   -   -   -   -   100   77.113      
        2PGE   2PGE   2PGE       2PGE   2PGE   2PGE       2PGE   2PGE  
    Tons   + Au   + Au   + Au   Tons   + Au   + Au   + Au       + Au   + Au  
  PLATINUM (Mt)   (g/t)   (Moz)   (Moz)   (Mt)   (g/t)   (Moz)   (Moz)   (%)   (Moz)   (Moz)  
  Arctic Platinum Project 5 168.3   2.3   12.601   12.601   -   -   -   -   100   12.601   -  

Footnotes: See page 56

SOUTH AFRICA OPERATIONS1

    Resources     Reserves  
    30 June 2009   June 2008     30 June 2009   June 2008  
    Tons   Grade   Gold   Gold     Tons   Grade   Gold   Gold  
    (Mt)   (g/t)   (Moz)   (Moz)     (Mt)   (g/t)   (Moz)   (Moz)  
  Driefontein                 Driefontein                
  Measured 50.2   10.5   16.887   15.926   Proved 17.6   7.4   4.157   4.834  
  Indicated AI 24.9   12.7   10.177   9.430   Probable AI 20.6   8.7   5.735   6.003  
  Inferred AI 17.4   5.9   3.343   -                    
  Total Above Infrastructure 92.5   10.2   30.407   25.356   Total Above Infrastructure 38.2   8.1   9.892   10.837  
  Indicated BI 6 43.2   12.4   17.262   18.847   Probable BI 6 27.4   9.2   8.097   8.668  
  Inferred BI 6 25.9   5.9   4.899                        
  Total underground 161.6   10.1   52.568   44.203   Total underground 65.6   8.5   17.989   19.505  
  Indicated surface rock dumps 9.6   0.7   0.213   0.197   Probable surface rock dumps 9.6   0.7   0.213   0.197  
  Driefontein Total 171.2   9.6   52.781   44.400   Driefontein Total 75.2   7.5   18.202   19.702  
  Measured surface tailings 150.9   0.3   1.703   -                    
  Indicated surface tailings -   -   -   1.167                    
  Inferred surface tailings 13.8   0.2   0.102   -                    
  Driefontein TSF 164.7   0.3   1.805   1.167                    
  Kloof                 Kloof                
  Measured 71.1   11.6   26.549   22.962   Proved 19.2   7.6   4.704   5.334  
  Indicated AI 73.9   8.0   19.071   26.839   Probable AI 18.4   7.8   4.609   4.790  
  Total Above Infrastructure 145.0   9.8   45.620   49.801   Total Above Infrastructure 37.6   7.7   9.313   10.124  
  Indicated BI 7 79.5   12.8   32.729   21.355   Probable BI 7 3.4   8.0   0.868   0.584  
  Total underground 224.6   10.9   78.350   71.156   Total underground 41.0   7.7   10.180   10.708  
  Indicated surface rock dumps 30.7   0.6   0.604   0.618   Probable surface rock dumps 12.2   0.9   0.341   0.362  
  Kloof Total 255.2   9.6   78.954   71.774   Kloof Total 53.2   6.2   10.521   11.070  
  Kloof TSF (Measured) 234.9   0.3   2.145                      
  South Deep 2                 South Deep 2                
  Measured 41.6   7.4   9.890   8.821   Proved 15.2   5.9   2.906   3.000  
  Indicated AI 125.9   8.7   35.038   36.249   Probable AI 67.6   6.6   14.265   13.812  
  Total Above Infrastructure 167.5   8.3   44.928   45.070   Total Above Infrastructure 82.8   6.5   17.171   16.812  
  Indicated BI 8 92.6   6.3   18.898   18.898   Probable BI 8 66.6   5.8   12.315   12.315  
  Total underground 260.1   7.6   63.826   63.968   Total underground 149.4   6.1   29.486   29.127  
  South Deep Total 260.1   7.6   63.826   63.968   South Deep Total 149.4   6.1   29.486   29.127  
  South Deep TSF (Measured) 53.4   0.2   0.399                      
  Uncle Harry’s Prospecting Area                                  
  (Inferred Resource) 3 78.0   5.8   14.566   16.504   Uncle Harry’s Prospecting Area        
  Beatrix                 Beatrix                
  Measured 25.1   6.2   5.002   4.457   Proved 13.9   4.7   2.087   1.781  
  Indicated AI 37.5   6.6   7.942   8.287   Probable AI 24.7   5.0   3.990   4.435  
  Inferred AI 1.9   8.8   0.540   -                    
  Total Above Infrastructure 64.5   6.5   13.484   12.744   Total Above Infrastructure 38.6   4.9   6.077   6.216  
  Indicated BI 9 28.6   4.5   4.114   3.362   Probable BI 9 2.4   4.8   0.371   0.480  
  Total underground 93.0   5.9   17.598   16.107   Total underground 41.0   4.9   6.448   6.696  
  Beatrix Total 93.0   5.9   17.598   16.107   Grand Total 41.0   4.9   6.448   6.696  
  Total South Africa Region 1310.5   5.5   232.072   213.920   Total South Africa Region 318.8   6.3   64.657   66.595  

INTERNATIONAL OPERATIONS

    Resources     Reserves  
    30 June 2009   June 2008     30 June 2009   June 2008  
    Tons   Grade   Gold   Gold     Tons   Grade   Gold   Gold  
    (Mt)   (g/t)   (Moz)   (Moz)     (Mt)   (g/t)   (Moz)   (Moz)  
  GHANA OPERATIONS                                  
  Tarkwa                 Tarkwa                
  Measured 144.7   1.5   6.800   6.914   Proved 149.6   1.3   6.220   6.371  
  Indicated 173.4   1.2   6.705   6.021   Probable 116.0   1.2   4.354   4.857  
  Inferred 26.0   3.1   2.569   2.411                    
  Total 344.1   1.5   16.075   15.346   Total 265.6   1.2   10.575   11.228  
  Measured low-grade stockpiles 4.7   0.8   0.112   0.090   Proved low-grade stockpiles 4.4   0.7   0.101   0.085  
  Tarkwa Total 348.7   1.4   16.187   15.435   Tarkwa Total 270.0   1.2   10.676   11.313  
  Damang                 Damang                
  Measured 9.4   1.5   0.464   0.680   Proved 3.5   1.8   0.207   0.388  
  Indicated 48.0   1.5   2.268   1.309   Probable 27.5   1.6   1.429   0.800  
  Inferred 12.5   3.4   1.367   1.336                    
  Total 69.9   1.8   4.100   3.325   Total 31.0   1.7   1.636   1.189  
  Indicated low-grade stockpiles 5.1   1.1   0.184   0.165   Probable low-grade stockpiles 5.1   1.1   0.184   0.165  
  Damang Total 74.9   1.8   4.283   3.490   Damang Total 36.1   1.6   1.820   1.354  
  Total West Africa Region 423.6   1.5   20.470   18.925   Total West Africa Region 306.1   1.3   12.496   12.667  
  AUSTRALIA OPERATIONS                                  
  St. Ives                 St. Ives                
  Measured 2.5   4.0   0.322   0.250   Proved 1.9   4.3   0.260   0.170  
  Indicated 41.3   2.7   3.545   2.951   Probable 24.1   2.5   1.922   1.547  
  Inferred 15.9   3.2   1.636   1.175                    
  Total 59.7   2.9   5.503   4.376   Total 26.0   2.6   2.182   1.716  
  Measured low-grade stockpiles 4.1   1.1   0.139   0.163   Proved low-grade stockpiles 4.1   1.1   0.139   0.163  
  St Ives Total 63.8   2.8   5.643   4.538   St Ives Total 30.1   2.4   2.322   1.879  
  Agnew 4                 Agnew4                
  Measured 3.7   4.6   0.543   0.365   Proved 0.6   8.9   0.186   0.106  
  Indicated 9.5   5.1   1.539   1.595   Probable 1.9   8.7   0.526   0.494  
  Inferred 7.7   5.7   1.404   1.148                    
  Total 20.9   5.2   3.486   3.108   Total 2.5   8.7   0.712   0.600  
  Measured low-grade stockpiles 0.3   1.1   0.012   0.018   Proved low-grade stockpiles 0.3   0.9   0.010   0.015  
  Agnew Total 21.2   5.1   3.497   3.125   Agnew Total 2.9   7.8   0.722   0.615  
  Total Australasia Region 85.0   3.3   9.140   7.663   Total Australasia Region 33.0   2.9   3.044   2.494  

    Resources     Reserves  
    30 June 2009   June 2008     30 June 2009   June 2008  
    Tons   Grade   Gold   Gold     Tons   Grade   Gold   Gold  
    (Mt)   (g/t)   (Moz)   (Moz)     (Mt)   (g/t)   (Moz)   (Moz)  
  PERU OPERATIONS                                  
  Cerro Corona                 Cerro Corona                
  Measured 27.5   1.0   0.894   1.051   Proved 21.4   1.1   0.756   0.843  
  Indicated 116.7   0.8   2.940   3.336   Probable 66.6   0.9   2.017   2.145  
  Inferred 4.9   0.5   0.081   0.155                    
  Total 149.1   0.8   3.915   4.542   Total 88.1   1.0   2.773   2.988  
  Measured stockpiles 6.7   1.4   0.295   0.135   Proved stockpiles 1.2   1.2   0.049   0.029  
  Cerro Corona Total 10 155.8   0.8   4.209   4.677   Cerro Corona Total 11 89.3   1.0   2.822   3.017  
  Total South America Region 155.8   0.8   4.209   4.677   Total South America Region 89.3   1.0   2.822   3.017  
  INTERNATIONAL OPERATIONS                                  
  Grand Total 664.4   1.6   33.820   31.265   Grand Total 428.4   1.3   18.362   18.178  
  TOTAL GFL (Managed)                                  
  Above Infrastructure 1,705.0   3.4   187.989   182.723     647.3   2.9   61.368   62.726  
  Below Infrastructure 269.8   9.0   77.902   62.462     99.8   6.7   21.651   22.047  
  Total GFL (Managed) 1,974.8   4.2   265.892   245.185   Total GFL (Managed) 747.1   3.5   83.019   84.773  
  Total Attributable to GFL 1,802.1   4.4   255.377   234.522   Total Attributable to GFL 641.4   3.8   78.863   80.530  
    Tons   Grade   Au-Eq   Au-Eq     Tons   Grade   Au-Eq   Au-Eq  
  Copper – Gold Equivalent (Mt)   Cu (%)   (Moz)   (Moz)   Copper – Gold Equivalent (Mt)   Cu (%)   (Moz)   (Moz)  
  Cerro Corona 12 148.2   0.4   3.931   4.297   Cerro Corona 12 89.3   0.5   2.717   2.857  

Footnotes: See page 56

PROJECTS 1

    Resources   Reserves
    30 June 2009   June 2008   30 June 2009 June 2008
    2 PGE   + Au   2 PGE 2 PGE   2 PGE   + Au   2 PGE 2 PGE  
    Tons   Grade   + Au + Au   Tons   Grade   + Au + Au  
  PLATINUM GROUP ELEMENTS (PGE) (Mt)   (g/t)   (Moz) (Moz)   (Mt)   (g/t)   (Moz) (Moz)  
  Arctic Platinum Project 5 168.3   2.3   12.601 12.601        
    Resources   Reserves
    30 June 2009   June 2008   30 June 2009 June 2008
    Tons   Grade   Uranium Uranium   Tons   Grade   Uranium Uranium  
  URANIUM (Mt)   (kg/t)   (M lbs) (M lbs)   (Mt)   (kg/t)   (M lbs) (M lbs)  
  Driefontein Tailings (Measured) 150.9   0.064   21.444        
  Driefontein Tailings (Indicated])     11.380        
  Driefontein Tailings (Inferred) 13.8   0.027   0.811        
  Driefontein TSF Total 164.7   0.061   22.255 11.380        
  Driefontein Underground (Inferred) 50.2   0.096   10.545        
  Driefontein Total 214.9   0.069   32.800 11.380        
  Kloof Surface Tailings (Indicated) 234.9   0.039   20.450        
  Kloof Underground (Inferred) 35.5   0.045   3.554        
  Kloof Total 270.4   0.040   24.004        
  South Deep Surface Tailings (Indicated) 53.4   0.074   8.726        
  South Deep Underground (Inferred) 71.6   0.073   11.583          
  South Deep Total 125.0   0.074   20.309        
  Uranium Total 610.3   0.057   77.113 11.380        

Mineral Resources were calculated using gold prices of R285,000/kg in South Africa; A$1,250/oz in Australia; and US$1,000/oz in Ghana and Peru. The copper price used was US$2.20lb for the Whittle Shell and US$2.75/lb for the gold equivalent computation.
Mineral Reserves were calculated using gold prices of R230,000/kg in South Africa; A$1,000/oz in Australia; and US$800/oz in Ghana and Peru. The copper price for Reserves was US$1.75/lb for the Whittle Shell and US$2.20/lb for the gold equivalent computation.

All equivalent gold ounces reported are based on either current F2010 or F2009 mineral prices as applicable.

1 Managed, unless otherwise stated.
2 Aside from the restated Upper Elsburg (87 to 110 levels) Resources and Reserves, the South Deep figures are as per acquisition model.
3 Uncle Harry’s Prospecting Area Inferred Resources for F2010 at a 3g/t cut-off, with Prospecting Rights held by WAPL for which the shareholding is: GFL = 74% and Peotona = 26%.
4 The Agnew Deposits, Miranda and Vivien are subject to a royalty agreement.
5 Gold Fields holds a 100% interest in the Arctic Platinum Project. Resource figures are historical and not as per current metal prices.
6 Driefontein BI refers to material below 50 level (3,420m below surface). The current studies for Reserves, through accessing the area via a sub-vertical shaft complex, are currently being reviewed versus multiple declines, and this could have a material impact on the numbers.
7

Kloof BI refers to material below 45 level (3,350m below surface).

8 South Deep BI refers to material below 110 level (2,888m below surface).
9 Beatrix BI refers to material below 26 level (1,341m below surface).
10 Excludes copper Resources of 0.4 % Cu containing 1,429 M lbs copper (tons are however included). Copper open pit Resources comprise Measured of 26.7 Mt @ 0.5 % Cu for 305 M lbs, Indicated of 115.6 Mt @ 0.4 % Cu for 1,076 M lb, Inferred of 4.8 Mt @ 0.3 % Cu for 35 M lb, and Measured stockpiles of 1.2 Mt @ 0.5 % for 14 M lb.
11 Excludes copper Reserves of 0.5 % Cu containing 988 M lbs copper (tons are however included). The copper Reserve classification tonnages are the same as for gold with open pit Proved copper Reserves of 0.6 % Cu for 266 M lbs, Probable of 0.5 % for 708 M lbs and Proved stockpiles of 0.5 % for 14 M lbs.
12 Copper equivalent ounces (copper revenue converted to gold equivalent ounces). Note that these tons are repeated in the gold statement.

AI = Above Infrastructure; BI = Below Infrastructure. All tons relate to metric units. Rounding-off of figures may result in minor computational discrepancies, where this happens it is not deemed significant. Resources are inclusive of Reserves.
For further details refer to the company’s website, www.goldfields.co.za.