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Issued by Harmony Gold
Mining Company Limited
For more details contact:
Henrika Ninham
Investor Relations Manager
+27(0) 82 759 1775
Marian van der Walt
Executive: Corporate and Investor
Relations
+27(0) 82 888 1242
Corporate office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
Listing codes:
JSE: HAR
NYSE: HMY
ISIN no:
ZAE000015228
Registration no: 1950/038232/06
Harmony Gold Mining Company Limited
(Harmony), a world-class gold mining
and exploration company, has
operations and assets in South Africa
and Papua New Guinea. Harmony,
which has more than 60 years’
experience in the industry, is the third
largest gold producer in South Africa.
Our assets include 9 underground
mines and 1 open pit operation and
several surface sources in South Africa.
Our assets in PNG – an open pit mine
(Hidden Valley), as well as the
significant Golpu project – are held in a
joint venture. We also own several
exploration tenements, in Papua New
Guinea.
The company’s primary stock exchange
listing is on the JSE with a secondary
listing on the New York Stock
Exchange. The bulk of our shareholders
are in South Africa and the United
States. Additional information on the
company is available on the corporate
website, www.harmony.co.za.
New significant copper-gold drill results at Harmony’s Kili Teke
prospect
Johannesburg: Wednesday, 13 April 2016
. Harmony Gold Mining Company
Limited (’Harmony’ or ‘the Company’) is pleased to advise continuing exploration
success at its 100% held Kili Teke prospect in the Hela province in Papua New
Guinea (PNG).
A maiden Mineral Resource estimate for Kili Teke was declared and announced in
November 2015, comprising 128 million tonnes at 0.4 % copper and 0.3 g/t Au
(506,000 tonnes copper, 1.2 million ounces Au)
1
. The deposit contains two main
areas of higher-grade quartz stockwork related mineralisation. Drilling completed
since the release (10 holes / 6,820m) has focussed on potential to expand these
zones along strike and down dip, with very encouraging results:
· New zones of near surface, stockwork related copper-gold mineralisation
developing within the current footprint:
KTDD027: 584.4m @ 0.52% Cu, 0.35 g/t Au from 4.6m
Including
287.4m @ 0.56% Cu, 0.44 g/t Au from 4.6m (on section below)
· Depth extensions of porphyry related quartz vein stockwork mineralisation
confirmed in latest drilling:
KTDD022: 206m @ 0.59% Cu, 0.42 g/t Au from 482m
KTDD025: 376m @ 0.47% Cu, 0.29 g/t Au from 495m
· Results also include high-grade massive sulphide chalcopyrite-bornite skarn
mineralisation intersected at depth:
KTDD025: 7.8m @ 12.98% Cu, 11.45 g/t Au from 920.2m
Harmony’s chief executive officer, Peter Steenkamp, commented: “It is a rare
phenomenon, in this day and age, to drill a 584 meter borehole and achieve grades
averaging over 0.5 percent copper and 0.35 grams per tonne gold from surface.
Massive sulphide lodes averaging 13% copper and 11.4 grams per tonne gold are
even rarer - which is what we are seeing from our Kili Teke drill results.”
Drilling at the prospect continues with 2 drill rigs. A revised mineral resource estimate
incorporating the latest drill results is planned for the September 2016 quarter.
“The latest drilling results support our belief that Kili Teke has the potential to develop
into a major new porphyry copper-gold system. Developing a portfolio of world class
copper-gold assets in PNG - replacing ounces at a discovery cost of less than US$10
per gold equivalent ounce - creates excellent long term value for our shareholders,”
Peter added.