SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated January 23, 2009
Commission File Number 1-14846
AngloGold Ashanti Limited
(Translation of registrant’s name into English)
76 Jeppe Street
Newtown, 2001
(P.O. Box 62117, Marshalltown, 2107)
South Africa
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F
or Form 40-F.
or Form 40-F.
Form 20-F X
Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1):
Rule 101(b)(1):
Yes
No X
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7):
Rule 101(b)(7):
Yes
No X
Indicate by check mark whether the registrant by furnishing the information contained in this Form is
also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes
No X
Enclosure: Press release
ANGLOGOLD ASHANTI ANNOUNCES MINERAL RESOURCE INCREASES
AT TROPICANA
AT TROPICANA
news release
AngloGold Ashanti Australia Limited \ A.B.N. 42 008 737 424
Level 13 \ 44 St Georges Tce \ Perth WA \ 6000 \ Australia
Tel +61 8 9425 4600 \ Fax +61 8 9425 4662 \ www.AngloGoldAshanti.com
Level 13 \ 44 St Georges Tce \ Perth WA \ 6000 \ Australia
Tel +61 8 9425 4600 \ Fax +61 8 9425 4662 \ www.AngloGoldAshanti.com
23 January 2009
MINERAL RESOURCE INCREASES AT TROPICANA
AngloGold Ashanti Australia Ltd is pleased to announce a Mineral Resource increase for the Tropicana
Gold Project in Western Australia.
Gold Project in Western Australia.
The Tropicana Gold Project, located 330 kilometres east north-east of Kalgoorlie, is part of the
Tropicana Joint Venture, which is 70% owned by AngloGold Ashanti Australia (the manager) and 30%
by Independence Group NL.
Tropicana Joint Venture, which is 70% owned by AngloGold Ashanti Australia (the manager) and 30%
by Independence Group NL.
The Measured, Indicated and Inferred Mineral Resource for the project is now 75.3 million tonnes
grading 2.07 grams/tonne for 5.01 million ounces of gold.
grading 2.07 grams/tonne for 5.01 million ounces of gold.
This represents an increase of approximately 1 million ounces from the first Mineral Resource estimate
released for the project in December 2007, and the new estimate is predominantly in the Measured and
Indicated category, providing a higher level of confidence.
released for the project in December 2007, and the new estimate is predominantly in the Measured and
Indicated category, providing a higher level of confidence.
AngloGold Ashanti Australia’s share of the upgraded resource is 3.51 Moz.
The Mineral Resource has been identified within a US$1,000/oz optimisation shell at an AUD:USD
exchange rate of 0.80. This is equivalent to an Australian dollar gold price of A$1,250/oz. A cut-off
grade of 0.6 g/t has been used for oxide and transitional material and 0.7 g/t for fresh material.
exchange rate of 0.80. This is equivalent to an Australian dollar gold price of A$1,250/oz. A cut-off
grade of 0.6 g/t has been used for oxide and transitional material and 0.7 g/t for fresh material.
Tropicana Mineral Resource Statement (100%)
Classification
Tonnes (Mt)
Grade (g/t)
Contained Gold
(Moz)
(Moz)
Measured
19.9
2.38
1.53
Indicated
31.0
2.06
2.05
Inferred
24.3
1.83
1.43
Total
75.3
2.07
5.01
Drilling completed subsequent to the Mineral Resource estimate has resulted in high grade
intersections outside of the Mineral Resource shell in the Havana South area, including 10.0 m @
3.74 g/t Au from 101m and 5.0 m @ 22.5 g/t Au from 120m in TPRC990 and 10.0 m @ 10.1 g/t Au from
139m in TPRC991. Drilling scheduled for early 2009 is likely to result in further additions to the Mineral
Resource in this area.
intersections outside of the Mineral Resource shell in the Havana South area, including 10.0 m @
3.74 g/t Au from 101m and 5.0 m @ 22.5 g/t Au from 120m in TPRC990 and 10.0 m @ 10.1 g/t Au from
139m in TPRC991. Drilling scheduled for early 2009 is likely to result in further additions to the Mineral
Resource in this area.
The Mineral Resource increase has been driven predominantly by extensions to mineralisation
identified by ongoing drilling, particularly at Havana, and to a lesser extent by increases in the gold
price.
identified by ongoing drilling, particularly at Havana, and to a lesser extent by increases in the gold
price.
Certain statements made in this communication, including, without limitation, those concerning AngloGold Ashanti’s strategy to reduce its gold
hedging position including the extent and effects of the reduction, the economic outlook for the gold mining industry, expectations regarding
gold prices, production, cash costs and other operating results, growth prospects and outlook of AngloGold Ashanti’s operations, individually
or in the aggregate, including the completion and commencement of commercial operations of certain of AngloGold Ashanti’s exploration and
production projects and completion of acquisitions and dispositions, AngloGold Ashanti’s liquidity and capital resources, including its intentions
and ability to refinance its $1 billion convertible bond, and expenditure and the outcome and consequences of any pending litigation
proceedings, contain certain forward-looking statements regarding AngloGold Ashanti’s operations, economic performance and financial
condition. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in
the forward-looking statements as a result of, among other factors, changes in economic and market conditions, success of business and
operating initiatives, changes in the regulatory environment and other government actions, fluctuations in gold prices and exchange rates, and
business and operational risk management. For a discussion of such factors, refer to AngloGold Ashanti's annual report for the year ended 31
December 2007, which was distributed to shareholders on 31 March 2008, and report to shareholders for the quarter and nine months ended
30 September 2008, which was distributed to shareholders on 30 October 2008. AngloGold Ashanti undertakes no obligation to update
publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today’s date or to reflect the
occurrence of unanticipated events. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person
acting on its behalf are qualified by the cautionary statements herein.
hedging position including the extent and effects of the reduction, the economic outlook for the gold mining industry, expectations regarding
gold prices, production, cash costs and other operating results, growth prospects and outlook of AngloGold Ashanti’s operations, individually
or in the aggregate, including the completion and commencement of commercial operations of certain of AngloGold Ashanti’s exploration and
production projects and completion of acquisitions and dispositions, AngloGold Ashanti’s liquidity and capital resources, including its intentions
and ability to refinance its $1 billion convertible bond, and expenditure and the outcome and consequences of any pending litigation
proceedings, contain certain forward-looking statements regarding AngloGold Ashanti’s operations, economic performance and financial
condition. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in
the forward-looking statements as a result of, among other factors, changes in economic and market conditions, success of business and
operating initiatives, changes in the regulatory environment and other government actions, fluctuations in gold prices and exchange rates, and
business and operational risk management. For a discussion of such factors, refer to AngloGold Ashanti's annual report for the year ended 31
December 2007, which was distributed to shareholders on 31 March 2008, and report to shareholders for the quarter and nine months ended
30 September 2008, which was distributed to shareholders on 30 October 2008. AngloGold Ashanti undertakes no obligation to update
publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today’s date or to reflect the
occurrence of unanticipated events. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person
acting on its behalf are qualified by the cautionary statements herein.
AngloGold Ashanti posts information that is important to investors on the main page of its website at
www.anglogoldashanti.com
and under the
“Investors” tab on the main page. This information is updated regularly. Investors should visit this website to obtain important information
about AngloGold Ashanti.
about AngloGold Ashanti.
A new mining plan and schedule is being developed to incorporate the increase in Mineral Resource.
Pre-feasibility work at the project, based on mining the Tropicana and Havana deposits, is expected to
be completed in the June quarter this year. This study is examining a range of treatment rates between
5.5-7.0 Mtpa, which would produce between 250,000 – 420,000 ozpa over a mine life of 10 -15 years.
Pre-feasibility work at the project, based on mining the Tropicana and Havana deposits, is expected to
be completed in the June quarter this year. This study is examining a range of treatment rates between
5.5-7.0 Mtpa, which would produce between 250,000 – 420,000 ozpa over a mine life of 10 -15 years.
ENDS
Contact
Australia
Tel:
Mob:
Email:
Andrea Maxey – General Manager Corporate
08 9425 4603
0400 072 199
amaxey@anglogoldashanti.com.au
The information in this report that relates to Mineral Resources is based on information compiled by Mark Kent, who is a full-
time employee of AngloGold Ashanti Limited, and a member of the Australasian Institute of Mining and Metallurgy. Mark Kent
has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for
Reporting Exploration Results, Mineral Resources and Ore Reserves’. Mark Kent consents to the inclusion in the report of the
matters based on his information in the form and context in which it appears.
time employee of AngloGold Ashanti Limited, and a member of the Australasian Institute of Mining and Metallurgy. Mark Kent
has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for
Reporting Exploration Results, Mineral Resources and Ore Reserves’. Mark Kent consents to the inclusion in the report of the
matters based on his information in the form and context in which it appears.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized.
report to be signed on its behalf by the undersigned, thereunto duly authorized.
AngloGold Ashanti Limited
Date: January 23, 2009
By:
/s/ L Eatwell
Name: L EATWELL
Title: Company Secretary
Title: Company Secretary