Statement re PGE Resources

RNS Number:2439R
Gold Fields Ld
11 February 2002



                         Outokumpu                       Gold Fields



                              Joint Press Release
                               February 11, 2002

 GOLD FIELDS AND OUTOKUMPU ANNOUNCE NEW PGE RESOURCES OF 5.1 MILLION OUNCES IN
                   THE SK REEF AT ARCTIC PLATINUM PARTNERSHIP

11 February, 2002; Johannesburg, South Africa and Espoo, Finland: Gold Fields
Limited (JSE: GFI and NASDAQ: GOLD) and Outokumpu Oyj (HEX: OUT) are pleased to
announce new platinum group element ("PGE") resources of 5.1 million ounces at
their Arctic Platinum Partnership ("APP") in Finland. These resources, in
addition to the PGE resources announced last year, bring the total of measured,
indicated and inferred resources at APP to greater than 11 million ounces. Gold
Fields Limited completed its 51 % earn-in acquisition in the partnership on
January 17,2002.

The SK Reef occurs as a stratiform PGE reef in the Narkaus Intrusion of the
Portimo layered complex situated in northern Finland. The reef has been traced
in outcrops and through shallow drilling over a strike length of 10km. Last year
APP completed systematic drilling over an aggregate strike length of
approximately 6 km in three areas known as Siika Kama, Nutturalampi and
Kuohunki.

The resource estimated for the SK Reef is 5.1 million ounces contained in 30Mt
at an average grade of 5.2 g/t 2PGE+Au (3.9 g/t Pd, 1.1 g/t Pt, 0.2 g/t Au),
plus 0.14 %Cu and 0.11 %Ni. In the following Table the resource in each area is
reported above a cutoff of 2.0 g/t 2PGE+Au to an average depth of 260 metres. At
a cutoff of 0.5 g/t the estimate is 5.3 million ounces contained in 35Mt at an
average grade of 4.7 g/t 2PGE+Au.

Inferred SK Reef Resource Table
February 2002 (2.0 g/t 2PGE+Au cutoff)
     Resource         Drill           Reef          Tonnes             2PGE+Au                Cu           Ni
       Area           Holes      Thickness (m)        Mt           g/t          Moz           %             %
Nutturalampi            15            7.0            10.5          5.3          1.8          0.12         0.12
Kuohunki                38            4.3            11.5          4.2          1.6          0.14         0.12
Siika Kama              25            3.0             8.4          6.4          1.7          0.16         0.09
Total                   78            4.9            30.3          5.2          5.1          0.14         0.11



The Mineral Resource estimate was undertaken by Snowden Mining Industry
Consultants and is classified as Inferred in accordance with the JORC Code
(September 1999). The Code is a recognized standard of Mineral Resource and Ore
Reserve reporting.

The Siika Kama, Nutturalampi and Kuohunki geological models and resource
estimates are based on a total of 16,700 metres of drilling, comprising 4,200
metres of earlier drilling by Outokumpu and 12,500 metres of drilling by APP.
Drilling was carried out on grid lines spaced 200m apart.

The SK Reef dips at 20 - 40degrees with an average of 30degrees . Good
structural and mineralization continuity has been demonstrated by drilling which
has tested the reef to a maximum depth of 300 metres.

The drilled sections of SK Reef have an average reef thickness of 4.9 metres.
Additional PGE mineralization occurs above and below the reef and can extend up
to 15m into mineralized footwall gabbro. This additional mineralization is not
included in the current resource estimate.

Initial metallurgical studies on SK Reef ore types have been completed with
positive results, as part of an ongoing scoping study. The study is assessing a
stand alone SK Reef mining operation and the impact of milling higher grade SK
Reef material as supplementary ore to the Suhanko project, which envisages open
pit mining at the Konttijarvi and Ahmavaara deposits located 20 - 30 km away. A
feasibility study is in progress on the Suhanko project, as well as exploration
to expand the 6.0 million ounce PGE resource announced from Konttijarvi and
Ahmavaara in July 2001. A summary of APP resources reported above 0.5 g/t
2PGE+Au cutoff follows:


Total Measured, Indicated and Inferred Resources
APP February 2002 (0.5 g/t 2PGE+Au cutoff)
         Resource              Tonnes                2PGE+Au                 Cu            Ni
           Area                  Mt            g/t            Moz             %             %
Konttijarvi                     43.4           1.91           2.7           0.15          0.06
Ahmavaara                       74.1           1.39           3.3           0.21          0.09
SK Reef                         35.0           4.67           5.3           0.12          0.10
Total                           152.5          2.29           11.3          0.17          0.08


Gold Fields Limited produces approximately 4.5 million ounces of gold annually.
The company has proven and probable reserves of approximately 84.5 million
ounces and resources of approximately 150.7 million ounces in South Africa,
Ghana and Australia. Gold Fields is focussed on international growth through
development of precious metals mining projects in Australasia, North and South
America, Europe and Africa. It trades on the Johannesburg Stock Exchange (GFI)
as well as on the NASDAQ (GOLD), London, Paris, Brussels and Swiss stock
exchanges.

Outokumpu is a leading metals and technology group, which specializes in
non-ferrous metals business, fabricated copper products, copper and zinc metals
production and related technology. The Group also comprises the world's second
largest stainless steel producer, AvestaPolarit Oyj Abp, of which Outokumpu owns
55%. The parent company Outokumpu Oyj is listed on the Helsinki Exchanges.

This press release contains forward-looking statements. Where the companies
express an expectation or belief as to future events or results, such
expectation or belief is expressed in good faith and believed to have a
reasonable basis. However, such forward-looking statements are subject to risk,
uncertainties and other factors that could cause actual results to differ
materially from future results expressed or implied by these forward-looking
statements.

Gold Fields Contact Information:

Willie Jacobsz, Senior Manager - Corporate Affairs and Investor Relations

Tel: +27 11 644-2460, Fax: +27 11 484-0639, E-mail: williej@goldfields.co.za

Cheryl A Martin, Vice President - North American Investor Relations

Tel. +1 303 796-8683, E-mail: camartin@gfexpl.com

Outokumpu contact information:

Tuomo Makela, President - Precious Metals Mines, Outokumpu Oyj,

tel. +358 9 421 2217 or +358 40 540 0620 (mobile)

Markku Isohanni, Chief Geologist, Outokumpu Oyj,

tel. +358 9 421 2686 or +358 40 861 5360 (mobile)



                      This information is provided by RNS
            The company news service from the London Stock Exchange
Hsbc Bk. 25 (LSE:50NT)
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