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South Africa
Target 3 Mine

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 Location:
8 km S from Allanridge, South Africa

  Regional Office:
Randfontein Office park Corner of Main Reef Road and Ward Avenue
P.O. Box 2
Randfontein
South Africa
1760
Phone  ...  Subscription required
Fax+27-11-692-3879
EmailEmail
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Personnel
  • Filings & News

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Overview

StatusCare and Maintenance
Mine TypeUnderground
Commodities
  • Gold
Mining Method
  • Scattered stoping
  • Shaft pillar
Target 3, to the south of Target 1, is on care and maintenance.

Previous plans to explore the sale of the operation have been abandoned and further development is not a viable option at this stage.


Owners

Source: p. 32
CompanyInterestOwnership
Harmony Gold Mining Company Ltd. 100 % Indirect
Harmony acquired Target in 2002.

Contractors

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Deposit Type

  • Conglomerate hosted


Summary:

The gold mineralization exploited by Target 3 is contained within the Basal Reef, B Reef, A Reef (Kimberly Formation) and Elsburg Reef, a succession of Elsburg a pebble conglomerate reefs hosted by the Van Heeverrust (Eldorado Formation). Synclinal fold forms the major structural feature and is manifested as an asymmetric syncline whose axis trends N 15° W, with a general plunge of 10 12° north.


Mining Methods

  • Scattered stoping
  • Shaft pillar


Summary:

Target 3 shaft is currently on care and maintenance and serves as a second escape way for Target 1. At Target 3 Shaft there remains a mix of remnant ore blocks including shaft pillar blocks where scattered mining can be exploited, and a number of areas of virgin ground where conventional mining can take place, with the potential to exploit zone 3 in the Freddies 9 Shaft area. During fiscal 2015 the operation was placed on care and maintenance. This decision was taken based on the financial performance of the operation and the future capital that was required to extend the life of the mine.


Crushing and Grinding


Processing

Source: Subscription required

Summary:

- subscription is required.


Production:

CommodityUnits20152014
Gold oz 15,52945,429
All production numbers are expressed as metal in doré.

Operational Metrics:

Metrics20152014
Tonnes milled 99 k tons331 k tons

Reserves at June 30, 2020:
The Mineral Resources as at 30th June 2022 at Target 3 mine are unchanged from June 30, 2020

CategoryTonnage CommodityGradeContained Metal
Measured 0.6 Mt Gold 9.19 g/t 178 koz
Indicated 2.9 Mt Gold 10.17 g/t 965 koz
Inferred 1.2 Mt Gold 8.66 g/t 340 koz
Total Resource 4.8 Mt Gold 9.66 g/t 1,483 koz

Commodity Production Costs:

CommodityUnits2015
Cash costs Gold USD 958 / oz  
All-in sustaining costs (sold) Gold USD 1,114 / oz  



Heavy Mobile Equipment:

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jul 14, 2022
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Corporate Filings & Presentations:

DocumentYear
Form 20-F 2022
................................... Subscription required 2021
................................... Subscription required 2020
................................... Subscription required 2019
Year-end Mineral Reserves 2018
Other 2017
Annual Report 2016
Form 20-F 2016
Year-end Mineral Reserves 2016
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