Investor Presentaiton
NEAR-TERM ORGANIC GROWTH - EGOLI PROJECT
PROJECT STATUS
EARLY WORKS
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DRA Global mandated to complete detailed project scheduling
and planning - early works commenced in October 2020
FINANCIAL MATRIX
CAPITAL EXPENDITURE
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Materially lower upfront capital investment when
benchmarked against other development projects of
similar scale
COMPELLING & ROBUST ECONOMIC RETURNS#:
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Payback period from project inception -
3.8 years
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NPV10,71 - ZAR2,010 million (US$131,25 million)
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Project IRR (post tax): 50,1%
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DRA engineering, procurement, construction and project
management (EPCM) contract to be completed in Q3 FY2021
EVANDER NO.7 SHAFT INFRASTRUCTURE:
Optimization of the ventilation and refrigeration design,
dewatering designs and water balance commenced
Dimensional and Non-Destructive Testing (NDT) inspection quotes
for all winders in progress
Inception of project construction anticipated in March 2021
FINANCING PACKAGE:
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Non-dilutive funding: Dedicated senior debt package from leading
SA Bank, redemptions ring-fenced to project cash flows - cash
flows from existing operations unaffected
First tranche of ZAR400million committed - to dewater and
equip decline and shaft, conduct initial mine development
Second tranche of ZAR800million - to fund balance of
development over two-and-a-half-year construction period
Finalisation of legal agreements for implementation of debt
funding package is currently underway
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ECONOMIC ASSUMPTIONS#:
Gold price: ZAR850,000/kg ~ (US$1,650/oz)*
Peak funding: ZAR1,05 billion ~ (US$66 million)
Recovered grade: 5.21g/ton
AISC: ZAR399,600/kg (US$777/oz)#
2
LOM gold produced: 17,771kg ~ (570,000oz)
Employees: ~1,200
* US$1=ZAR16.00 | # As per DRA FS dated July 2019
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