Integrated Annual Review 2012 Annual Financial Report 2012 Mineral Resources and Mineral Reserves Regional overview  
 

1.1.1 Introduction

1.1.1 Introduction

Role within Group

Our Australasia Region includes two relatively low-cost gold mines sitting within the same highly prospective geological belt – with ongoing nearmine drilling indicating significant growth potential at both. The region is also home to one of the Group’s most exciting greenfields growth opportunities, the Far Southeast project in the Philippines. Furthermore, Gold Fields is involved in a number of early stage exploration projects in Australia and the Philippines.

Figure 1.1: Contribution to Group – Australasia region (including Sibanye Gold)

  % of Group total  
Optimising our operations  
Attributable gold production 19  
Growing Gold Fields  
Attributable Mineral Resources 5  
Securing our future  
Total economic contribution 17  
Employees 2  

Figure 1.2: Australasia Region map

Figure 1.2: Australasia Region map

Operations

Our operations in the region are focused on the St Ives and Agnew mines in Western Australia, both of which have highly prospective opportunities for reserve growth and life extension.

Growth projects

Our most promising growth project in the region is the highly prospective gold-copper Far Southeast project in the Philippines, in which Gold Fields holds a 40% interest – with an option to acquire a further 20%. Our efforts at Far Southeast are now focused on obtaining the Free Prior and Informed Consent of local indigenous communities. This is a critical step in our efforts to secure a Foreign Technical Assistance Agreement (FTAA), which was submitted in November 2011 – and which is necessary if we are to achieve majority ownership of the project. We are actively engaging with local communities to ensure ongoing support for the development of the project and access for surface drilling. Activities will be scaled back in 2013 until the FTAA processes are completed. An updated resource model is anticipated by mid-2013.

Optimising our operations

 
Figure 1.3: Attributable gold production Figure 1.4: NCE margin
Figure 1.3: Attributable gold production Figure 1.4: NCE margin

Growing Gold Fields

Securing our future

Figure 1.5: Attributable Mineral Reserves and Resources Figure 1.6: Local economic contributions (US$m)
Figure 1.5: Attributable Mineral Reserves and Resources Figure 1.6: Local economic contributions (US$m)