Slide 1: Proposed Acquisition of gold and copper-gold assets in Philippines
For personal use only Proposed Acquisition of gold and copper-gold assets in Philippines 30 Ma 2012 17 August 2012
Slide 2: Transaction highlights
Transaction highlights For personal use only Acquisition of significant gold and silver resources (and copper-gold tenements) in the Philippines containing an Indicated Resource of 10,150,000 tonnes @ 1.2g/t Au for 393,000 contained ounces of gold and 1,427,800 ozs silver and an Inferred Resource of
Slide 3: Transaction highlights (cont'd)
Transaction highlights (cont’d) For personal use only Red Mountain Mining acquiring a proven and experienced exploration team in the Philippines Over 43,300 metres of drilling completed to date on Batangas Project with 27,000m completed on Archangel gold resource. Strengthening of Red Mountain Minin
Slide 4: Transaction overview
Transaction overview For personal use only • Acquisition of Mindoro Resources’ Philippine based gold and copper-gold tenements and projects in exchange for Red Mountain Mining shares • Following interests are to be acquired by Red Mountain Mining: – 100% interest in Batangas Project with JORC Indica
Slide 5: Strategy
Strategy For personal use only • Convert low grade/ high tonnage gold resource into higher grade near surface mineable reserves. • Use existing infrastructure to fast track development. • Explore large land holding and test multiple targets to establish long mine life. 5
Slide 6: The Philippines – a Golden Opportunity
The Philippines – a Golden Opportunity For personal use only • US based “Democracy” • IMF growth projections 7% next 5 years Didipio (Oceana) • Stable mining law, regulations and fiscal regime • New mining policy Executive Order 79 (2012) demonstrates commitment to sector Batangas • Well educated wo
Slide 7: Portfolio of projects in key mining districts
Portfolio of projects in key mining districts For personal use only MAP KEY Gold and Cu-Au project Didipio Cu-Au Batangas Gold Projects (Oceana) Major Deposit Recent major discovery (100% beneficial interest) Major Gold project • Archangel (Gold) • Lobo (Gold) • El Paso, Calo, Talahib (Cu-Au) Masbat
Slide 8: Batangas Gold Project
BATANGAS GOLD PROJECT MAP KEY Luzon Tenements / applications Porphyry copper-gold prospects Manila For personal use only Resource area Epithermal vein trends Copper showing Historical mine / workings Other prospects Mindanao El Paso 0 4km N Calo Talahib LOBO Marita LOBO PROJECT - SW BRECCIA, High gr
Slide 9: Infrastructure
TAYSAN Luzon CALTEX STA. RITA / REFINERY Manila SAN LORENZO POWER PROVINCIAL TAYSAN PORPHYRY For personal use only PLANT CAPITOL Cu-Au DEPOSIT BATANGAS INTERNATIONAL BATANGAS CITY LA FARGE PORT Mindanao CEMENT PLANT SHELL REFINERY MT. BANOY CALTEX Balayan REFINERY Bay MRL MT. LOBO LOBO OFFICE SW
Slide 10: Batangas Port
For personal use only Batangas Port
Slide 11: Batangas, Archangel Project
BATANGAS, ARCHANGEL PROJECT BATANGAS • 6km gold zone with porphyry targets at depth Crazy Horse PROJECTS Bootin • Drilling high-grade “feeders” to build resource Taysan Project For personal use only • Resources low-strip and excellent metallurgy EL PASO PROJECT Biga LOBO GOLD PROJECT TALAHIB PROJECT
Slide 12: High Grade Breccia Feeder Zones
High Grade Breccia Feeder Zones For personal use only
Slide 13: Plan View of Feeder Zone Drilling
Plan View of Feeder Zone Drilling For personal use only KTDH-11 Au g/t X interval (m) <5 KT-100 5 - 15 15 - 30 KTDH-19 KTDH-14 KT-94 30 - 50 CA-10 KTDH-10 KTDH-12 KTDH-17 KTDH-15 KT-83 KT-90 KT-101 KT-91 50 - 100 KT-104 KTDH-18 > 100 KT-82 KT-60 KTDH-22 KT-92 KTDH-06 KTDH-05 KT-93 KT-55 KT-85 KT-59
Slide 14: Planned drilling at Kay Tanda
Planned drilling at Kay Tanda For personal use only 13
Slide 15: Planned drilling at Kay Tanda
Planned drilling at Kay Tanda For personal use only 14
Slide 16: Planned Drilling at West Kay Tanda
Planned Drilling at West Kay Tanda For personal use only 15
Slide 17: Archangel: Tonnage-Grade Curve
Archangel: Tonnage-Grade Curve For personal use only Based on Mindoro NI 43-101/ JORC Resources, March 2010 16
Slide 18: Archangel, Sulfidation on hillsides = extensive epithermal activity
Archangel, Sulfidation on hillsides = extensive epithermal activity. For personal use only 17
Slide 19: Batangas, Lobo Gold Project
BATANGAS, LOBO GOLD PROJECT Nagtoctoc BATANGAS • High-grade gold shoots targeted Crazy Horse PROJECTS • 5km mapped epithermal “lodes” Taysan Project For personal use only ? EL PASO PROJECT LOBO GOLD PROJECT Pica: Epithermal veins: TALAHIB • 13.65m @ 2.49 g/t Au in PROJECT ARCHANGEL • 213m @ 0.18% Cu
Slide 20: Batangas, Lobo Project Southwest Breccia Longitudinal Projection
BATANGAS, LOBO PROJECT SOUTHWEST BRECCIA LONGITUDINAL PROJECTION, G/T x Thickness Contour For personal use only 10,172N 10,185N 10,155N B’ 10,140N 10,100N 10,200N 10,215N 10,125N B Batangas Projects TR-2 210.1 LB65-11 OC channel 36.2 TR-1 159.2 170m 358.2 ASL LB64-11 54.59 LB62-11 150 92.23 LB59-11
Slide 21: Southwest Breccia Cross Section 10155N
BATANGAS, LOBO PROJECT SOUTHWEST BRECCIA CROSS SECTION 10155N 10,000E For personal use only 9,950E 4.90m @ 11.1 g/t Au Batangas inc. 2.0m @ 21.1 g/t Au Projects LB64-11, 160 ASL LB63-11, LB58-11, LB60-11, 20.75m 140 25.20m 16.13m @ 7.75 g/t Au 120 40.50m MAP KEY 9.05m @ 6.56 g/t Au 43.9m inc. 5.0m @
Slide 22: Southwest Breccia Cross Section 10172N
BATANGAS, LOBO PROJECT SOUTHWEST BRECCIA CROSS SECTION 10172N Trench: 11m @ 19.1 g/t Au For personal use only 9,950E 10,000E Batangas 13.3m @8.30 g/t Au Projects LB65-11 180m ASL 8.0m @ 8.82 g/t Au inc. 3.0m @ 15.4 g/t Au 11.90m LB62-11 7.75m @ 4.67 g/t Au 160 LB61-11 inc. 1.95m @ 11.8 g/t Au 17.4m
Slide 23: Porphyry Copper-Gold: Tapian-San Francisco
PORPHYRY COPPER-GOLD: TAPIAN-SAN FRANCISCO Luzon BATANGAS SURIGAO CITY For personal use only Manila Mindanao Sea PAN DE AZUCAR Masapelid SURIGAO PROJECTS Mindanao Epithermal gold and porphyry copper- gold mines of MMC MAP KEY TAPIAN SAN FRANCISCO (TSF) PROJECT TSF Tenements Extensive Porphyry-relate
Slide 24: Key value-driving milestones for 2012/13
Key value-driving milestones for 2012/13 For personal use only Milestone Objective Timing Drill test “feeder” structures and upgrade Q3 2012 – Archangel gold resource drilling and define gold resources Q3 2013 Drill Lobo high grade gold shoot targets Add additional high grade gold resources Q1/3 201
Slide 25: Undervalued
For personal use only Undervalued 25
Slide 26: In summary...
In summary... For personal use only • Company transforming transaction – assets in mineral rich districts of Philippines – large dominating camp scale exploration position (270 sq kms) • Highly prospective gold resource projects – with further near term exploration and resource potential • Luzon Isl
Slide 27: Contact details
Contact details For personal use only Neil Warburton, Executive Chairman & Acting CEO E: neil.warburton@redmm.com.au M: +61-408 935 014 Investor relations – Ronn Bechler E: ronn.bechler@marketeye.com.au M: +61-400 009 774 Red Mountain Mining head office Suite 1, 2 Richardson Street West Perth WA 600
Slide 28: Qualified Person statement
Qualified Person statement For personal use only Mindoro’s Resource Statements are NI 43-101 and JORC Compliant. Jon Dugdale, the CEO and a director of Mindoro Resources and a member of the AusIMM, is a Competent Person as defined by the JORC Code, has more than five years of experience which is rel
Slide 29: Disclaimer
Disclaimer For personal use only The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe s
Slide 30: For personal use only
For personal use only Suite 1, 2 Richardson Street. West Perth, Western Australia, 6005 T +61 (08) 9226 5668 F +61 (08) 9486 8616 www.redmm.com.au