Slide 1: ASX Announcement: CEO Presentation
For personal use only ASX ANNOUNCEMENT CHIEF EXECUTIVE OFFICER PRESENTATION Attached is a copy of the Chief Executive Officer’s presentation to be given at the Denver Gold Forum today. For and on behalf of the Board GREG FITZGERALD Company Secretary 8 September 2008
Slide 2: Resolute Mining Limited - Denver Gold Forum 2008
For personal use only RESOLUTE MINING LIMITED DENVER GOLD FORUM 2008
Slide 3: Substantial & Growing Gold Producer
SUBSTANTIAL & GROWING GOLD PRODUCER For personal use only n Strong Gold Fundamentals l Experienced Gold Developer/Operator l Reserves ~3m ozs l Total Resources ~12m ozs l Production ~300,000 oz pa
Slide 4: New Production Emerging
SUBSTANTIAL & GROWING GOLD PRODUCER For personal use only n New Production Emerging l Syama l Mt Wright l 2 Year Spend of Over A$250m l Completed by End of 2008
Slide 5: Resource Profile
RESOURCE PROFILE (Total Resources 000ozs) For personal use only 14000 12000 10000 8000 Exploration Development 6000 Operations 4000 2000 0 2007 2008
Slide 6: Production Profile
PRODUCTION PROFILE (indicative attributable production, 000ozs by FY) For personal use only 500 450 400 350 Syama 300 Mt Wight 250 Sarsfield 200 150 Golden Pride 100 50 0 2008 2009 2010 2011
Slide 7: Corporate Summary
CORPORATE SUMMARY Capitalisation For personal use only Issued Shares: 280.7 million Unlisted Options: 2.6 million 6 mth Price Range: A$2.55 - $1.16 Avg Monthly T/O: 8.1 million Market Cap: A$420 million Board of Directors Major Shareholders Peter Huston – Non Exec Ch Peter Sullivan - MD Alliance Lif
Slide 8: Syama
For personal use only SYAMA
Slide 9: Syama: Emerging Gold Belt
SYAMA For personal use only n Emerging Gold Belt n Resolute 80% Mali Govt 20% n Major Asset of Resolute n Additional Production of 250,000+ ozs pa n Potential for 10+ Year Operation
Slide 10: Syama Progress
SYAMA Progress For personal use only n Construction Overall 80% Complete n Operations Started n Mining Successfully Ramped Up n Non Sulphide Commissioning Completed n Sulphide Commissioning 4Q 2008 n Sulphide Production 4Q 2008
Slide 11: Syama Progress
For personal use only Progress SYAMA
Slide 12: Syama Progress
For personal use only Progress SYAMA
Slide 13: Syama Upside
SYAMA Upside For personal use only n Several Expansion/Extension Projects n Free Milling Feasibility n Finkolo JV Feasibility n Underground Scoping Study
Slide 14: Syama Free Milling Feasibility
SYAMA Free Milling Feasibility For personal use only A21 - Quartz Vein Hill Oxide mineralisation over 6 km of strike KEY ASPECTS A21 & QVH 601,000oz resource •Add Free Milling Circuit • 1 - 1.5 mtpa Oxide Feed Main Pit • Extra 80 – 100 kozs pa • Incremental Capex • Completion by 1Q 09 Basso Areas 10
Slide 15: Syama Finkolo JV Feasibility
SYAMA Finkolo JV Feasibility For personal use only • Resolute 60% Etruscan 40% • Extends Resolute control to over 75 km of a poorly explored and very prospective gold belt • Tabakoroni Resource 745,000 ounces • Feasibility commenced on best development option • Completion by 2H 09 Regional Aeromagne
Slide 16: Syama Underground Scoping Study
SYAMA Underground Scoping Study For personal use only • Inferred resource of 4.0m ozs below pit •Inwall ramp extend to decline •Infill drilling required to further stope design
Slide 17: Ravenswood
For personal use only RAVENSWOOD
Slide 18: Ravenswood Operations
RAVENSWOOD Operations For personal use only n 07/08 – 142,833 ozs @ Cash Cost A$743/oz n Sarsfield Open Pit and Stockpiles n Mt Wright Underground Integrated Into Operation n 18 month Transition Period n Cash Cost Decrease
Slide 19: Ravenswood: Mt Wright Decline Progress
RAVENSWOOD Mt Wright For personal use only n Decline Progress 400m Vertical n 3 Stopes Developed n Development Drilling Confirms Orebody Model n Good Recovery at Plant n Costs in Line with Feasibility+Esc
Slide 20: Mt Wright Development
RAVENSWOOD Mt Wright Development For personal use only
Slide 21: Mt Wright Depth Potential
RAVENSWOOD Mt Wright Depth Potential For personal use only n Brecciated Rhyolite Pipe n No Drilling Below 800m n Drilling to Test Further 300m Depth n Scope to Significantly Increase Resource n Material Change to Operating Plan
Slide 22: Ravenswood Exploration
RAVENSWOOD Exploration For personal use only Exploration Targets 2008 Ravenswood Regional Exploration is now drill testing high priority targets
Slide 23: Golden Pride
For personal use only GOLDEN PRIDE
Slide 24: Golden Pride Operations
GOLDEN PRIDE Operations For personal use only n 07/08 – 150,224 ozs @ Cash Cost US$449/oz n 4 Year Production Life n Mining to New Pit Design n Ore Constrained Over Next 12 Months n Production Lower
Slide 25: Golden Pride Development
GOLDEN PRIDE Development For personal use only n Potential Pit Life Extension n 0.4m resource ozs n Deeper Pit n South, West and Eastern Extensions n Nyakafuru n Now 100% owned n 1.0m resource ozs n 120kms from GP
Slide 26: Golden Pride Regional Exploration
GOLDEN PRIDE Regional Exploration For personal use only Location and Buzwagi Tenure Golden Pride Resolute Tenure Nzega Greenstone belt (mapped) Interpreted Shear Zone 20km Consolidating tenure around Golden Pride and exploring under shallow cover with new exploration tools
Slide 27: Strong Commitment to Exploration
EXPLORATION For personal use only n Strong Commitment to Exploration n Key to Adding Value at Existing Assets n Spend for 2008/9 – A$10 million n Focus On Very Prospective Near Mine Tenure n Cost Effective Addition of Ounces
Slide 28: Corporate: Funding of Development Activities
CORPORATE For personal use only n Funding of Development Activities Nearly Complete n Moving to Cash Generation Phase n Value Add Opportunities
Slide 29: Summary
SUMMARY For personal use only n Gold n Experienced Operator n Strong Growth Phase n High Leverage to Gold Price
Slide 30: Thank You / Disclaimer
THANK YOU For personal use only DISCLAIMER Note: All Reserves Resources as at 30 June 2008 This presentation includes certain statements, estimates and projections with respect to the future performances of Resolute Mining. Such statements, estimates and projections reflect various assumptions conce