Specifications - Doornkop South Reef, South Africa

Key Data
Produce	Gold
Location	South of Krugersdorp on the north-west rim of the Witwatersrand Basin
Ownership	Harmony
Geology Type	A very thin seam 1–10cm thick, broken into a number of large blocks by a series of faults; friable and carbonaceous
Mineral Type	70% mineralisation as free gold
Reserve Base	11.6 million ounces
Annual Production	135,000oz per annum by October 2008
Mining method	Conventional
Employment	2,798 (at full production)
Project Partners	Harmony/African Vanguard Resources joint venture (74:26)
Life of Mine
Years	11
Tonnes milled	14.5 million
Grade (average reserve)	6.6g/t
Life-of-mine ounces	2.96 million
Financial Evaluation (at a gold price of R105,000/kg)
NPV @ 7.5%	R892m
IRR	+507%