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Exxaro Resources Limited
Consolidated Mineral Resources and
Mineral Reserves report
31 December 2023

Exploration expenditure

Table 64: Exploration expenditure

 
2022 actual
2023 actual 2024 planning1
Project or mining operation Number of drill holes   Total
cost
(Rm)
  Number of
drill holes
  Drilling
cost
(Rm)
Analysis
and other

costs
(Rm)
  Total cost
(Rm)
  Number of
drill holes
  Total
cost
(Rm)2
Grootegeluk 72 12.6 41 7.5 10.4 17.9 34 23.5
Matla3 76 20.4 18 13.4 0.3 13.7 80 28.9
Belfast None   None       51 1.4
Leeuwpan 11 0.6 None       15 1.0
Thabametsi project4 18 3.0 None     0.5   0.2
Other (projects not                
reported on)                
Total 177 36.6 59 20.9 10.7 32.1 180 55.0
Moranbah South project 4 A$9.85m 10 A$4.023m A$3.97m A$8.0m 9 A$5.0m
(not under operational                
control)5                
Mafube (not under operational control) 191 11.2 182 8.7 3.8 12.5 163 14.1
1 Non-committed.
2 Includes all associated exploration costs such as drilling, geophysics surveys and geotechnical, hydrogeological and metallurgical test work. Excludes personnel costs.
3 2023 cost includes horizontal drilling.
4 Includes Resource studies.
5 Total cost includes the commencement of 33km2 3D seismic in 2023. This completion and three water monitoring holes are planned for 2024.

 

Exploration results are outlined in the Ancillary section within the discussions of the individual operations. We did not conduct exploration in areas not included in the Coal Resource statement. Exploration plans are available on request from the group company secretary.

Buffer silo between Mine 1 and Matla power station

Buffer silo between Mine 1 and Matla power station