Announcement • Jun 02
Gold Fields Limited to Report First Half, 2026 Results on Aug 25, 2026 Gold Fields Limited announced that they will report first half, 2026 results on Aug 25, 2026 Announcement • Mar 30
Gold Fields Limited, Annual General Meeting, May 21, 2026 Gold Fields Limited, Annual General Meeting, May 21, 2026. Location: 150 helen road, sandown, sandton South Africa Announcement • Jan 12
Gold Fields Limited to Report Q4, 2025 Results on Feb 19, 2026 Gold Fields Limited announced that they will report Q4, 2025 results at 7:05 AM, South Africa Standard Time on Feb 19, 2026 Announcement • Nov 28
Gold Fields Limited Announces Committee Changes, Effective December 1, 2025 Gold Fields Limited approved the appointment of Mr. John Fraser MacKenzie and Mr. Michael Ian Rawlinson, both non- executive directors of the Board, to the following Board sub-committees with effect from 1 December 2025: 1. Mr. MacKenzie: the Nomination and Governance Committee; Safety, Health and Sustainable Development Committee; Technical Committee and Strategy and Investment Committee. 2. Mr. Rawlinson: the Audit Committee; Remuneration Committee; and Strategy and Investment Committee. Announcement • Sep 25
Gold Fields Reportedly Considers Sale of $1.1 Billion Stake in Northern Star The $1 billion stake held in Northern Star Resources Limited (ASX:NST) by Gold Fields Limited (JSE:GFI) is in focus for investment bankers, which are said to be pitching on a selldown that may happen as early as this week. When South Africa's Gold Fields finalises its deal to buy Australian-listed gold miner Gold Road Resources this week for $3.6 billion or $3.29 per share, Gold Fields will inherit almost 49.3 million shares in Northern Star. Gold Road had inherited the Northern Star stake because it earlier owned a 17.3% stake in De Grey Mining. Northern Star bought De Grey Mining in May for $5 billion. The adviser for Gold Fields is JPMorgan and it will likely advise on the selldown out of Northern Star. If the block trade unfolds, the Northern Star shares will likely be in strong demand as investors hope to capitalise on the gold price hitting new records this year of over $5,000 an ounce. Announcement • Aug 23
Gold Fields Limited Declares Interim Dividend for Six Months Ended 30 June 2025, Payable on 15 September 2025 The Board of Gold Fields Limited has approved and declared an interim dividend of 700 SA cents per ordinary share (gross) in respect of the six months ended 30 June 2025. Shares commence trading ex-dividend date is 10 September 2025. Record date is 12 September 2025. Payment of dividend is 15 September 2025. Announcement • Jun 12
Gold Fields Appoints John Mackenzie and Michael Rawlinson as Non-Executive Directors with Effect from 1 August 2025 The Board of Directors of Gold Fields announced the appointments of John MacKenzie and Michael Rawlinson as Non-Executive Directors to the Board with effect from 1 August 2025. Mr. MacKenzie holds a Master's Degree in Business Leadership from the University of South Africa, and Bachelor and Master's Degrees in Mining Engineering from the University of the Witwatersrand. He also attended the Advanced Management Program at Harvard Business School. Born and raised in South Africa, Mr. MacKenzie started his career with Anglo American where he gained deep operational and leadership exposure across a range of commodities, including coal, zinc and copper. He has extensive experience in both executive and non-executive roles and various board committees. Mr. MacKenzie has over 30 years' experience across both operational and investment roles in the mining and metals sector and has extensive international experience, including in emerging markets. Mr. Rawlinson holds a Master's Degree in Environmental Resource Economics from the University College of London and a Bachelor's Degree in Social Sciences and Economics from the University of Birmingham. Mr. Rawlinson brings 25 years' experience in the mining and metals industry, underpinned by a strong foundation in finance and strategic advisory after spending his early career as an equity analyst and investment banker. Mr. Rawlinson is experienced in both executive and non-executive roles in both listed and unlisted companies. The Chair and Board welcomes Mr. MacKenzie and Mr. Rawlinson and looks forward to their contributions and guidance as the Company continues to deliver on its strategy. Announcement • May 28
Gold Fields Limited Approves Social, Ethics and Transformation Committee Elections Gold Fields Limited held its Annual General Meeting on May 28, 2025, MC Bitar was elected as a member and Chairperson of the Social, Ethics and Transformation (SET) Committee, with A Andani, MJ Fraser, SL McCrae, and CAT Smit elected as SET Committee members. Announcement • Mar 28
Gold Fields Limited, Annual General Meeting, May 28, 2025 Gold Fields Limited, Annual General Meeting, May 28, 2025. Location: 150 helen road, sandown, sandton South Africa Announcement • Mar 20
Gold Fields Limited to Report First Half, 2025 Results on Aug 22, 2025 Gold Fields Limited announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • Feb 22
Gold Fields Limited Announces Changes to Board Committees Gold Fields Limited has approved the following changes to the Board and in the allocations of Non-Executive Directors to the Board Committees, all effective 28 May 2025. Retirement as Directors and Members of the Board Mr. Reid and Mr. Bacchus will retire as Non-Executive Directors and Members of the Board on 28 May 2025. Changes to Lead Independent Director, Committee Chairs and Committee Membership 1.Lead Independent Director (LID") Mr. Reid retires as LID and Ms. McGill has been elected as LID. 2.Remuneration Committee Mr. Reid retires as member and Chair from the Remuneration Committee and Ms. McGill, who is a member of this Committee, has been elected Chair of the Remuneration Committee. 3.Social, Ethics and Transformation Committee Ms. McGill retires as member and Chair from the Social, Ethics and Transformation Committee and Ms. Bitar has been elected as Chair of the Social, Ethics and Transformation Committee. 4.Risk Committee Mr. Bacchus retires as member and Chair from the Risk Committee and Ms. Bassa has been elected as Chair of the Risk Committee. 5.Strategy and Investment Committee Mr. Bacchus retires as member and Chair from the Strategy and Investment Committee and Mr. Smit has been elected as Chair of the Strategy and Investment Committee. 6.Social, Ethics and Transformation Committee Ms. Sibiya retired as member from the Committee and Mr. Smit has been elected as member of the Committee and 7.Technical Committee Mr. Smit retired as member from the Committee. Announcement • Feb 20
Gold Fields Limited Declares A Final Dividend Number 101 of the Year Ended 31 December 2024, Payable on 17 March 2025 Gold Fields Limited Board has approved and declared a final dividend number 101 of 700 SA cents per ordinary share (gross) in respect of the year ended 31 December 2024. The final dividend will be subject to the dividend withholding tax of 20% (twenty per cent). Declaration date: 20 February 2025; Last date to trade cum-dividend: 11 March 2025; Shares commence trading ex-dividend: 12 March 2025; Record date: 14 March 2025; and Payment of dividend: 17 March 2025. Announcement • Feb 08
Gold Fields Limited Provides Production Guidance for the Fourth Quarter and Full Year Ended 31 December 2024 and Provides Earnings Guidance for the Year Ended 31 December 2024 Gold Fields Limited provided production guidance for the fourth quarter and full year ended 31 December 2024 and provided earnings guidance for the year ended 31 December 2024. For the quarter, the company expects attributable gold equivalent production to be 26% higher QoQ at 643 koz (Q3 2024: 510 koz) and 8% higher YoY (Q4 2023 excluding Asanko production: 594 koz).
For the full year, the company expects attributable gold equivalent production to be 2,071 koz (FY 2023: 2,304 koz), in line with the revised group guidance of 2,050 koz to 2,150 koz. Basic earnings per share expects to be in the range from USD 1.34 to USD 1.44 (USD 0.55 to USD 0.65 per share higher), which is 70% to 82% higher than the basic earnings of USD 0.79 per share reported for Fiscal Year 2023. Basic earnings per share for continuing operations expects to be in the range from USD 1.34 to USD 1.44 (USD 0.53 to USD 0.63 per share higher), which is 65% to 78% higher than the headline earnings for continuing operations of USD 0.81 per share reported for Fiscal Year 2023. Basic earnings per share for discontinued operations expects to be nil compared to a basic loss of USD 0.02 per share reported for Fiscal Year 2023. Normalised profit per share expects to be in the range from USD 1.32 to USD 1.42 (USD 0.31 to USD 0.41 per share higher), which is 31% to 41% higher than the normalised profit of USD 1.01 per share reported for Fiscal Year 2023. Announcement • Feb 06
Gold Fields Limited to Report Fiscal Year 2024 Results on Feb 20, 2025 Gold Fields Limited announced that they will report fiscal year 2024 results on Feb 20, 2025 Announcement • Nov 29
Gold Fields Limited Announces Committee Appointments, with Effect from 1 December 2024 The board of directors of Gold Fields Limited has approved the following Board committee appointments with effect from 1 December 2024. Ms. Zarina Bibi Mahomed Bassa, a non-executive director who is a member of the Audit Committee, has been appointed to the following committees: Risk Committee, Remuneration Committee; and Strategy and Investment Committee. Ms. Shannon Leigh McCrae, a non-executive director, has been appointed to the following committees: Capital Projects Control and Review Committee; Social, Ethics and Transformation Committee; Safety Health and Sustainable Development Committee; and Strategy and Investment Committee. Ms. Philisiwe Gugulethu Sibiya, a non-executive director, has also been appointed to the Strategy and Investment Committee. Announcement • Nov 10
Gold Fields Limited to Report Q3, 2024 Results on Nov 14, 2024 Gold Fields Limited announced that they will report Q3, 2024 results at 7:05 AM, South Africa Standard Time on Nov 14, 2024 Announcement • Aug 26
Gold Fields Limited Announces Executive Changes The Board of Directors of Gold Fields announced the appointment of Mr. Phillip Anthony Murnane as an Executive Director of the Company. Mr. Murnane will be based at the Gold Fields Corporate Office in Johannesburg, South Africa. The Company is currently finalising Mr. Murnane's commencement date, which is expected to be in early 2025. The Company will update Shareholders once this has been determined. Mr. Murnane will succeed Mr. Paul Schmidt, who served as CFO and Executive Director of the Company until 30 April 2024, and will take over from Mr. Alex Dall who has acted as Interim CFO from 1 May 2024 to date. Mr. Murnane is a qualified accountant, with sound operational finance background and over 20 years of experience in the resources sector, including as the CFO in several roles. He obtained a Bachelor of Commerce and a Bachelor of Economics from the Australian National University, subsequently becoming a Member of the Institute of Chartered Accountants of Australia in 2003. Mr. Murnane began his career at Deloitte before embarking on an international career spanning four continents. He has subsequently held senior roles at Centrica, Glencore, Noble, Ferroglobe and lately at commodities brokers ED&F Man. To ensure a seamless transition, Mr. Dall will continue as Interim CFO until Mr. Murnane's employment commences. Announcement • Aug 23
Gold Fields Limited Approves an Interim Dividend for the Six Months Ended 30 June 2024, Payable on 16 September 2024 The Board of Gold Fields Limited has approved and declared an interim dividend of 300 SA cents per ordinary share (gross) in respect of the six months ended 30 June 2024. Shares commence trading ex-dividend date is 11 September 2024. Record date is 13 September 2024. Payment of dividend is 16 September 2024. Announcement • Jun 14
Gold Fields Limited Revises Production Guidance for the Year 2024 Gold Fields Limited revised production guidance for the year 2024. For the year, the company is revising 2024 group production guidance from 2.33Moz - 2.43Moz to 2.20Moz - 2.30Moz. Announcement • Apr 30
Gold Fields Limited Announces Chief Financial Officer Changes Gold Fields Limited referred on 17 August 2023 (Announcement), in which the Company conveyed the intention of Mr. Paul Andy Schmidt, currently the Chief Financial Officer (CFO) to proceed on early retirement. Mr. Schmidt will now be retiring and therefore will be stepping down from the board of directors (Board) and his position as CFO and Executive Director with effect from 30 April 2024. Mr. Schmidt will, however, remain in the employ of the Company until 30 June 2024. Mr. Alex Dall, currently the VP Corporate Finance at Gold Fields, has been appointed as Interim CFO with effect from 1 May 2024, pending the appointment of a permanent CFO and Executive Director. The Audit Committee has confirmed that Mr. Dall is suitably qualified with the appropriate experience and expertise to assume the role and responsibility as Interim CFO. Mr. Schmidt was appointed CFO on 1 January 2009 and joined the Board on 6 November 2009. Prior to his appointment as CFO of Gold Fields, Mr. Schmidt held the positions of acting CFO from May 2008 and Financial Controller from April 2003. He joined Gold Fields in 1996. The process to appoint the new CFO is progressing well and is in its final stages. Announcement • Apr 02
Gold Fields Limited to Report Q1, 2024 Results on May 23, 2024 Gold Fields Limited announced that they will report Q1, 2024 results on May 23, 2024 Announcement • Mar 05
Galiano Gold Inc. (TSX:GAU) acquired 45% stake in Asanko Gold Mine in Ghana from Gold Fields Limited (JSE:GFI) and Gold Fields Orogen Holding (BVI) Ltd. for $170 million Galiano Gold Inc. (TSX:GAU) entered a share purchase agreement to acquire 45% stake in Asanko Gold Mine in Ghana from Gold Fields Limited (JSE:GFI) and Gold Fields Orogen Holding (BVI) Ltd. for $170 million on December 20, 2023. The consideration consists of $150 million in cash and $20 million in common equity. As part of the consideration, $170 million was paid towards assets. An aggregate cash purchase price of $150 million, payable as follows: (i) $65 million (the "Initial Cash Consideration") on the closing date of the transaction, subject to adjustment as described below; (ii) $25 million on or before December 31, 2025 (the "First Deferred Consideration"); (iii) $30 million on or before December 31, 2026 (the "Second Deferred Consideration"); and (iv) $30 million upon the production of 100,000 ounces of gold from the Nkran deposit forming part of the Asanko gold mine (the "Nkran Deposit"). Also $20 million (the "Share Consideration") to be satisfied by the issuance of Galiano Shares. Immediately prior to entering into the Share Purchase Agreement, Marsh Holdings Inc. owned 21,971,657 common shaes of Galiano, representing approximately 9.8% of the issued and outstanding shares ("Galiano Shares"). Post transaction, Gold Fields and its affiliates (collectively, the "Gold Fields group") holding more than 19.9% of the issued and outstanding Galiano Shares at the Closing Date. The transaction is subject to the receipt of all required regulatory approvals, including the approval of the Toronto Stock Exchange and the NYSE American, and any required Ghanaian ministerial notifications and approvals. As of February 21, 2024, Ministry of Lands and Natural Resources of the Republic of Ghana approved the transaction. The acquisition is expected to close in Q1 2024. Edgehill Advisory Ltd. acted as financial advisor and Blake, Cassels & Graydon LLP acted as legal advisor to Galiano Gold.Galiano Gold Inc. (TSX:GAU) completed the acquisition of 45% stake in Asanko Gold Mine in Ghana from Gold Fields Limited (JSE:GFI) and Gold Fields Orogen Holding (BVI) Ltd. for $170 million on March 4, 2024. Announcement • Feb 07
Gold Fields Limited to Report Fiscal Year 2023 Final Results on Mar 28, 2024 Gold Fields Limited announced that they will report fiscal year 2023 final results on Mar 28, 2024 Announcement • Dec 28
Gold Fields Limited Provides Production Guidance for the Years 2024, 2025 and 2026 Gold Fields Limited provided production guidance for the years 2024, 2025 and 2026. First gold is now expected in April 2024, with production volumes for 2024 expected to be in the range of 220,000 to 250,000 gold equivalent ounces. Planned production volumes for 2025 and 2026 remain unchanged at 600,000 gold equivalent ounces. Announcement • Dec 22
Galiano Gold Inc. (TSX:GAU) entered a share purchase agreement to acquire additional 45% stake in Asanko Gold Mine in Ghana from Gold Fields Limited (JSE:GFI) and Gold Fields Orogen Holding (BVI) Ltd. for $170 million. Galiano Gold Inc. (TSX:GAU) entered a share purchase agreement to acquire 45% stake in Asanko Gold Mine in Ghana from Gold Fields Limited (JSE:GFI) and Gold Fields Orogen Holding (BVI) Ltd. for $170 million on December 20, 2023. The consideration consists of $150 million in cash and $20 million in common equity. As part of the consideration, $170 million was paid towards assets. An aggregate cash purchase price of $150 million, payable as follows: (i) $65 million (the "Initial Cash Consideration") on the closing date of the transaction, subject to adjustment as described below; (ii) $25 million on or before December 31, 2025 (the "First Deferred Consideration"); (iii) $30 million on or before December 31, 2026 (the "Second Deferred Consideration"); and (iv) $30 million upon the production of 100,000 ounces of gold from the Nkran deposit forming part of the Asanko gold mine (the "Nkran Deposit"). Also $20 million (the "Share Consideration") to be satisfied by the issuance of Galiano Shares. Immediately prior to entering into the Share Purchase Agreement, Marsh Holdings Inc. owned 21,971,657 common shaes of Galiano, representing approximately 9.8% of the issued and outstanding shares ("Galiano Shares"). Post transaction, Gold Fields and its affiliates (collectively, the "Gold Fields group") holding more than 19.9% of the issued and outstanding Galiano Shares at the Closing Date. The transaction is subject to the receipt of all required regulatory approvals, including the approval of the Toronto Stock Exchange and the NYSE American, and any required Ghanaian ministerial notifications and approvals. The acquisition is expected to close in Q1 2024. Edgehill Advisory Ltd. acted as financial advisor and Blake, Cassels & Graydon LLP acted as legal advisor to Galiano Gold. Announcement • Nov 24
Gold Fields Limited Appoints Carel Albert Tecumseh Smit to Risk Committee, Capital Projects Control and Review Committee and Ad Hoc Investment Committee, Effect from 1 December 2023 Gold Fields Limited board of directors (Board) has approved the appointment of Mr. Carel Albert Tecumseh Smit, a non-executive director of the Board, to the following Board sub-committees with effect from 1 December 2023: Risk Committee; Capital Projects Control and Review Committee; and Ad Hoc Investment Committee. Mr. Smit is currently also a member of the Audit Committee. Announcement • Sep 23
An unknown buyer acquired an unknown stake in Gold Fields Limited (JSE:GFI). An unknown buyer acquired an unknown stake in Gold Fields Limited (JSE:GFI) on September 21, 2023. Following this transaction, the buyer’s stake has reached to a 5.2% in Gold Fields Limited.An unknown buyer completed the acquisition of an unknown stake in Gold Fields Limited (JSE:GFI) on September 21, 2023. Announcement • Aug 17
Gold Fields Limited Announces Retirement of Paul Schmidt, Chief Financial Officer The board of Gold Fields Limited announced that Mr. Paul Schmidt, Chief Financial Officer of the Company, has informed the Board of his intention to proceed on early retirement. Paul's successful tenure with the Company commenced in 1996. He was appointed as CFO in 2008 and joined the Board as an executive director in 2009. Announcement • Aug 03
Gold Fields Limited Provides Production Guidance for the Second Quarter and Earnings and Production Guidance for the Six Months Ended June 30, 2023 Gold Fields Limited provided production guidance for the second quarter and earnings and production guidance for the six months ended June 30, 2023. For the second quarter of 2023, attributable gold equivalent production is expected to be 577 koz (First quarter of 2023: 577 koz).For the first half of 2023, the company expects attributable gold equivalent production to be 1,154 koz, a 4% decrease YoY (first half of 2022: 1,201 koz). For the six months ended June 30, 2023, headline earnings per share expected to range between USD 0.49 to USD 0.53 per share (USD 0.05 to USD 0.09 per share lower), which is 9% to 16% lower than the headline earnings of USD 0.58 per share reported for the six months ended 30 June 2022. Basic earnings per share for first half of 2023 are expected to range between USD 0.49 to USD 0.53 per share (USD 0.04 to USD 0.08 per share lower), which is 7% to 14% lower than the basic earnings of USD 0.57 per share reported for the first half of 2022, for the same reasons given for headline earnings. Normalised earnings per share for first half of 2023 are expected to range between USD 0.49 to USD 0.53 per share (USD 0.03 to USD 0.07 per share lower), which is 5% to 13% lower than the normalised earnings of USD 0.56 per share reported for the first half of 2022, for the same reasons given for headline earnings. Announcement • Jun 11
Gold Fields Limited to Report First Half, 2023 Results on Aug 17, 2023 Gold Fields Limited announced that they will report first half, 2023 results on Aug 17, 2023 Announcement • Jun 03
Gold Fields Limited Appoints Carel Albertus Tecumseh Smit to Audit Committee Gold Fields Limited announced that Shareholders are advised that, further to an announcement on 31 May 2023 regarding the appointment of Mr. Carel Albertus Tecumseh Smit as a Non-Executive Director of the Board of Directors ("Board"), in terms of 3.59(c) of the JSE Listings Requirements, the Board approved the election of Mr. Smit as a member of the Audit Committee with effect from 1 June 2023. Announcement • Jun 01
Gold Fields Limited Announces Appointment of Carel Albert Tecumseh Smit as Non-Executive Director, Effective 1 June 2023 The Board of Directors of Gold Fields announced the appointment of Mr. Carel Albert Tecumseh Smit as a Non-Executive Director to the Board with effect from 1 June 2023. Mr. Smit holds the qualifications B. Compt (University of Free State), CTA (University of Free State), Higher Diploma in Tax Law (University of Witwatersrand) and is a qualified Chartered Accountant. Mr. Smit joined KPMG in 1985, served his articles at Alex Aiken & Carter (KPMG) until 1987 and spent 35 years in the audit profession at KPMG. Mr. Smit has extensive experience in audit, tax and advisory and dedicated a significant part of his auditing career in the mining sector across Africa, South America, and Australia. His work included mergers/acquisitions, due diligences, listings, audit, and internal audit. Mr. Smit was also KPMG's lead partner on the Gold Fields audit from 2010 to 2017. He retired from KPMG in 2019 and has since been working as an independent consultant. Announcement • May 05
Gold Fields Limited Provides Production Guidance for the Year 2023 Gold Fields Limited provided production Guidance for the Year 2023. For the period, company expects Group production remains on track to deliver the Fiscal Year 2023 guidance provided in February 2023. Group AISC for the quarter was USD 1,152/oz, also largely flat YoY and up 8% QoQ. AIC for the Group was USD 1,343/oz, 2% higher YoY (up 3% QoQ) due to higher capital expenditure at the Salares Norte project. Announcement • Feb 16
Gold Fields Limited Provides Production Guidance for the Fourth Quarter and Full Year 2022 Gold Fields Limited provided production guidance for the fourth quarter and full year 2022. For the quarter, attributable gold equivalent production is expected to be 601koz (Q3 2022: 597koz), with AIC for the quarter expected to be USD 1,298/oz (Q3 2022: USD 1,279/oz). AISC is expected to be USD 1,063/oz (Q3 2022: USD 1,061/oz).For the year, the company's Attributable gold equivalent production for Fiscal Year 2022 is expected to be 2,399koz, a 3% increase YoY (FY 2021: 2,340koz), exceeding the guidance range (upgraded in August 2022) of 2,310koz - 2,360koz. All-in costs (AIC) for Fiscal Year 2022 is expected to be USD 1,320/oz, 2% higher than Fiscal Year 2021 (USD 1,297/oz), and below the lower end of the guidance range of USD 1,370/oz - USD 1,410/oz. The YoY increase is driven by an increase in operating costs due to mining inflation, partially offset by decreased project capex at Salares Norte and weaker exchange rates. AIC, if adjusted to 2022 guidance exchange rates (R/USD 15.55 and USD /AUD 0.76), is expected to be USD 1,381/oz, within the guidance range. All-in sustaining costs (AISC) for Fiscal Year 2022 is expected to be USD 1,105/oz, 4% higher than Fiscal Year 2021 (USD 1,063/oz), also below the lower end of the guidance range of USD 1,140/oz - USD 1,180/oz. AISC, if adjusted to 2022 guidance exchange rates, is expected to be USD 1,160/oz, also within the guidance range. Announcement • Jan 22
Gold Fields Limited Announces Chief Executive Officer Changes The board of Gold Fields announced the appointment of Chris Griffith as the chief executive officer of the company. Mr. Griffith will succeed Nick Holland on 1 April 2021. Mr. Holland, who was due to retire on 30 September 2021 after 13 years as CEO of the Company, has agreed to retire six months earlier to facilitate the leadership transition. Mr. Griffith, was previously CEO of Anglo American Platinum. He resigned from this position on 16 April 2020 to pursue other career opportunities and is currently on gardening leave until 31 March 2021. Announcement • Oct 13
Lefroy Exploration Limited Reports Initial Results from the Multi Target Drill Program That Gold Fields Limited Commenced in July 2020 on the Company's Tenements over Lake Lefroy Lefroy Exploration Limited reported initial results from the multi target drill program that Gold Fields Limited commenced in July 2020 on the Company's tenements over Lake Lefroy. The program is a follow up to the extensive foundation AC drilling that commenced in late January 2019 and is part of the AUD 25 million Farm-In and Joint Venture (JV) agreement between Lefroy and Gold Fields that commenced in June 2018. The tenements form part of the Western Lefroy tenement JV package that covers 372km adjoining the +10Moz St Ives gold camp. Western Lefroy is part of the wholly owned greater Lefroy Gold Project (LGP) located 50km south east of Kalgoorlie. The Company is actively exploring the non-JV Eastern Lefroy that includes priority prospects Lucky Strike, Havelock and Hang Glider Hill that are located along or near to the Mt Monger Fault. Gold Fields commenced a 9000m reverse circulation (RC) drill program in July 2020 to evaluate five key targets generated in Lake Lefroy. Each target area will be evaluated by one or more traverses of angled deep reverse circulation (RC) or diamond holes (+200m) to gain a greater appreciation of the primary (fresh) bedrock. A diamond drill rig was mobilised in September to support the program. The diamond drilling method is providing improved productivity and quality of sample information. It has now replaced the RC rig and will continue the remainder of the program. The drill core from the diamond drilling will provide superior geological, geochemical and structural information which will improve the understanding of the geological framework beneath Lake Lefroy. The gold mineralisation in SAL1764 is within fine gravels and lower saprolite clays at or near the palaeochannel-in situ interface. A diamond hole to further evaluate this mineralised interval was completed on 5 October 2020. The mineralised interval in SAL1777 is from the base of a palaeochannel. Narrower intervals of gold mineralisation were intersected lower down the hole within a pyrrhotite altered dolerite host rock. Two diamond holes (526m and 396m deep) have since been completed to further evaluate the gold anomalism. Results are pending. Validated results have been received from JV partner Gold Fields from 10 RC drill holes drilled on Lake Lefroy within the Western Lefroy JV Project. Drill results are as of 30 September 2020 and are the first results from the multi-target 9000m RC & diamond drill program that commenced in July. The 10 RC holes are part of a 21-hole 4507m program including 2 diamond core holes drilled during the period. Results are pending for 11 holes. The combined early stage RC and diamond drill program is evaluating 5 targets hosted within a sequence of rocks similar to that hosting the gold deposits at the +10Moz St Ives Gold Mine, 15km to the west. The results from the ten initial RC holes continues to reinforce and advance understanding of the geological prospectivity beneath Lake Lefroy. Significant results include: 9m @ 3.58g/t Au from 96m in SAL1764 including 1m @ 18.55g/t Au from 97m; 3m @ 3.25g/t Au from 82m in SAL1777 including 1m @ 7.88g/t Au from 82m. Diamond drilling to further evaluate the high-grade intersection in SAL1764 was completed on 5 October. Results are pending. The drilling program is part of an AUD6million exploration effort by Gold Fields over the next 9 months to meet their expenditure commitment of AUD10million by 7 June 2020 earn a 51% interest in the joint venture. The current drilling program is ongoing and expected to be completed in December. 
