Investor Presentaiton
Life extension capex
Major components of lifex ($bn)
Guidance
~0.6
~0.7
~0.5
(previously -0.7)
Mototolo - Der Brochen (PGMs)
-0.1
~0.1
~0.1
Approved
Kolomela (Iron Ore)
(prev.-0.2)
~0.3
~0.3
Venetia (Diamonds)
~0.2
Lifex projects - subject to disciplined capital allocation framework
2023F
2024F
2025F
Capex (pa)
Volume (pa)
From¹
LOA extension
Forecast Returns
IRR
Margin
Venetia Underground (Diamonds)
Approved
~$0.2-0.3bn
4Mct
2023
+22 years
-15%
>50%
Mototolo Der Brochen (PGMs)
Approved
~$0.1bn²
0.25Moz PGMs
2024
+30 years²
>25%
>35%
Kolomela (Iron Ore)
Approved
~$0.1bn
4Mt
2024
+3 years³
>20%
>35%
Jwaneng (Diamonds)
Approved
~$0.1bn4
9Mct4
2027
+9 years
>15%
>50%
1. Cash expenditure on property, plant and equipment including related derivatives, net of proceeds from disposal of property, plant and equipment and includes direct funding for capital expenditure from non-controlling interests. Shown excluding capitalised
operating cash flows. Guidance includes unapproved projects and is, therefore, subject to the progress of project studies. 'From' column represents first production.
2. Capex spend is over 6 years, with most of this capex in 2022-2024. Leverages the existing Mototolo infrastructure, enabling mining to extend into the Der Brochen Mineral Resource, which extends the LOA beyond 30 years.
3. This project adds three years to the Reserve Life (RL), which is included in the disclosed 12 year RL.
4. Attributable share of capex. 100% of production volumes. Capex spend <$0.1bn in certain years therefore not shown on graph above.
Anglo American
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