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Centamin

Production

Sukari

Overview

The Sukari deposit is hosted by a large porphyry body, which is located on a regional shear zone providing favourable drilling conditions. There are several types of gold mineralisation found here including disseminated gold and shear-zone-related quartz vein. The name Sukari is thought to derive from the Arabic word for 'sweet' due to the quartz's resemblance to sugar.

Subsequent to first production in 2010, the processing capacity of the plant was increased in a staged manner, through the re-investment of initial cash flows. The final ‘Stage 4’ expansion was completed and commissioned in 2014.

Ore is provided from two mining operations: a large-scale open pit, which provides approximately 90% of the ore feed, with the balance from a higher-grade underground mine. Ore is processed on site through a plant with a forecast production of 11 million tonnes per annum (Mtpa), with potential to exceed this rate through further productivity improvements.

The mine site is served by tarmac roads, a 35MW power station and a 25km water pipeline from the Red Sea, which Centamin built during the construction phase of the project. Some elements of Sukari's infrastructure are being enlarged as part of the Stage 4 Expansion Project. Marsa Alam airport is 70km from Sukari and Hurghada airport is 280km.

Approximately 1,300 people work at Sukari. During our construction phase, that number was closer to 2,000.

Sukari has a large reserve and resource base and there is further exploration upside in Sukari hill and on the 160km2 tenement area that surrounds it. Sukari is the only operating gold mine in Egypt and we believe the country has significant mining potential.

The total Measured and Indicated resource, at 30 June 2015, was 13 million ounces (Moz) gold and is reported as an open pit resource at 0.3g/t cut-off grade. This total is inclusive of the 1.0 Moz underground resource.

Sukari is the only operating gold mine in Egypt and we believe the country has significant mining potential.

Reserves

30 June 2015

8.8Moz

Total combined open pit and underground reserve estimate, at 30 June 2015, was 8.8Moz.

View Reserves and Resources

Life of mine

Expected

20 Years

Sukari's life-of-mine is expected to be around 20 years, with strong potential for continued production growth above the base case rate of c. 500,000 ounces per annum through on-going exploration.