Resolute Mining Limited · ASX:RSG
Resolute Mining — Investor Presentation (July 2018)
45 slides from Resolute Mining's investor presentation, Jul 25, 2018
Slide 1: The Pathway to +500kozpa
For personal use only The Pathway to +500kozpa Mine Gold. Create Value. Corporate Presentation – July 2018
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers For personal use only This presentation contains information about Resolute Mining Limited (Resolute or the Company) and its activities that is current as at the date of this presentation unless otherwise stated. The information in this presentation remains subject
Slide 3: Mine Gold. Create Value.
For personal use only Mine Gold. Create Value. FY19 Guidance Portfolio Resources Market Landholding 300koz at 3 Mines 12.0Moz Capitalisation 5,300 ~A$1bn A$1,280/oz Multiple Strategic Reserves km2 (US$960/oz) Investments 5.3Moz 2 Note: Reserves and Resources are as at 30 June 2017 and have not been
Slide 4: Corporate Summary
Corporate Summary (ASX:RSG) For personal use only Capitalisation A$ US$ Price Performance and Trading Share Price $1.30 $0.96 YTD Daily Trading Averages : Volume: 7.2m / Value: A$8.7m Shares Outstanding 752.8m Market Capitalisation $982m $727m Cash, Bullion, Investments $114m $85m Debt $33m $25m Ent
Slide 5: Clear Pathway to 500kozpa
Clear Pathway to 500kozpa For personal use only Production Outlook (koz) Bibiani Ravenswood Syama 500 • Targeting +300kozpa Syama • Focused on achieving recoveries of ~90% 400 Annual Gold Production (koz) 300 • ~115kozpa at steady state Ravenswood • Staged ramp up from 200 mid-2019 100 • Growth oppo
Slide 6: Q4 Highlights
Q4 Highlights For personal use only Strong Q4 production with study advancements across the portfolio • 75koz produced in Q4 at AISC of A$1,303/oz (US$986/oz) • Development progressing well at flagship mine, Syama Q4 FY18 ‒ On track to commence sub level caving in Dec 2018 • Syama DFS Update ‒ LOM A
Slide 7: 2019 Priorities
2019 Priorities For personal use only Assets Financial • Completion of Syama underground development • Reduce AISC to drive improved margins • Commencement of open pit mining at Tabakoroni • Disciplined capital prioritisation and management • Progress Ravenswood Expansion Project • Generation of str
Slide 8: Invest in Resolute
Invest in Resolute For personal use only Transformation enables bold ambition Proven operator: Resolute has mined more than 8Moz from 9 gold mines in Australia and Africa Long life, low cost, large scale assets: 14 year life at operating assets; clear pathway to 500kozpa; AISC of US$746/oz at Syama
Slide 9: Portfolio Snapshot
Portfolio Snapshot For personal use only Syama Ravenswood Bibiani Strategic Gold Mine Gold Mine Gold Mine Investments A world class, fully automated sub-level Proven producing asset with multiple Recent feasibility study update Multiple strategic positions in highly cave gold mine on track to be del
Slide 10: Syama Gold Mine
For personal use only Syama Gold Mine 9
Slide 11: Syama Gold Mine
Syama Gold Mine For personal use only Sub-level caving from December 2018 FY18 Summary Statistics DFS Update • Production: 194koz LOM AISC reduced to US$746/oz (from US$881/oz) • Cash Cost: A$1,196/oz (US$928/oz) UG Probable Reserve increased by 38% to 3.0Moz • AISC: A$1,286/oz (US$998/oz) • Average
Slide 12: Syama Underground
For personal use only Syama Underground 11
Slide 13: Sub Level Cave Mining at Syama
Sub Level Cave Mining at Syama For personal use only A world class sub-level cave gold mine in the making • Controlled, high-productivity ore delivery • Full automation maximises operating efficiencies • Early access to ore without leaving a crown pillar below the open pit • A flexible method with a
Slide 14: Syama Underground DFS Update
Syama Underground DFS Update For personal use only Overview Summary Statistics Unit Original DFS DFS Update Underground Development Decline development m 8,594 10,869 • Improvements made to all aspects of Syama Vertical development m 3,554 3,738 Level development m 62,717 81,928 Total development m
Slide 15: Syama Underground DFS Update (cont'd)
Syama Underground DFS Update (cont’d) For personal use only Long Section: Current Plan relative to Original DFS A key element of the enlarged Reserve is the increased mining footprint DFS Update provides for expanded production of ore from sub-level open stope mining of zones outside the sub-level c
Slide 16: Syama Underground DFS Update (cont'd)
Syama Underground DFS Update (cont’d) For personal use only Production Schedule: DFS Update v Original DFS 3.00 DFS Actual/DFS Update 2.50 Ore Tonnage (Mt) 2.00 1.50 1.00 .50 0 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 Development and Stoping Tonnages 3.00 Development Sto
Slide 17: Automation in Mining and Resolute's Partnership with Sandvik
Automation in Mining and Resolute’s Partnership with Sandvik For personal use only 16
Slide 18: What is a mine of the future?
What is a mine of the future? For personal use only An underground mine of the future is a (rock) factory Bright, clean & dry Fresh air (no diesel fumes, fully electric) Minimal operators (critical maintenance personnel only) Real-time communication and management A pleasant and safe working environ
Slide 19: Partnership with Sandvik
Partnership with Sandvik For personal use only A formalised commerical relationship exists between Resolute and Sandvik for the full automation of the Syama Underground including the delivery of mobile and fixed of mobile equipment and delivery of training to maintenance and operational personnel Sa
Slide 20: Automation at Syama
Automation at Syama For personal use only There are significant benefits associated with automation and the connected communication and information technology systems Reduction in number Reduced risk and of machines Increased machine better safety Reduction in required leading to Lower production pr
Slide 21: Syama and AutoMine
Syama and AutoMine® For personal use only Increased productivity and lower operating costs Greater utilisation of equipment with 24/7 continuous production Longer operating hours = more tonnes = lower unit costs Production execution from remote locations = lower unit costs Less damage to equipment =
Slide 22: Processing
For personal use only Processing 21
Slide 23: Processing Overview
Processing Overview For personal use only • A series of processing upgrades have been undertaken with the objective of increasing the total sulphide gold recovery • The process upgrades included: – Flotation Tails CIL: calcine CIL circuit has been repurposed to treat the flotation tails – New Calcin
Slide 24: Exploration
For personal use only Exploration 23
Slide 25: Active, Multi-Rig Exploration Program
Active, Multi-Rig Exploration Program For personal use only Resolute controls 80km strike length of Syama greenstone belt • High grade intersections from ongoing diamond drilling at Nafolo and Tabakoroni ‒ Nafolo extends over 700m of strike length and remains open to south ‒ New oxide zones discover
Slide 26: Nafolo: A Major Gold Discovery at Syama
Nafolo: A Major Gold Discovery at Syama For personal use only Extension potential for existing Syama underground • Remains open in all directions • Untested to the south and at depth • All drillholes to date have intersected gold mineralisation • Nafolo mineralisation can potentially be accessed fro
Slide 27: Tabakoroni: High Grade UG Mine Potential
Tabakoroni: High Grade UG Mine Potential For personal use only Numerous wide high grade gold intersections • Located 35km south of Syama • TARD621 returned 41m at 12.15g/t Au: displays the significant grades and widths seen in the main zone mineralisation • The current drilling program is ongoing wi
Slide 28: Tabakoroni: Standalone UG Mine Potential
Tabakoroni: Standalone UG Mine Potential For personal use only Coherent High Grade Zones >50 gram metres Visible gold in new Tabakoroni core samples 27
Slide 29: Ravenswood Gold Mine
For personal use only Ravenswood Gold Mine 28
Slide 30: Ravenswood Gold Mine
Ravenswood Gold Mine For personal use only Multiple open pits underpin long-term production FY18 Summary Statistics Project Study Update • Production: 90koz Significant enhancements to Ravenswood Expansion Project • Cash Cost: A$1,330/oz (US$1,019/oz) • AISC: A$1,394/oz (US$1,071/oz) All required ap
Slide 31: Ravenswood Expansion Project: Study Update
Ravenswood Expansion Project: Study Update For personal use only Overview Summary Statistics Physicals Underground Mining • Received all required government approvals Ore Mined kt 540 Ore Mined Gold Grade g/t 2.33 • Optimised mining and processing schedule Gold Contained (ROM) koz 40 Open Pit Mining
Slide 32: Ravenswood Expansion Project: Study Update
Ravenswood Expansion Project: Study Update For personal use only Proposed Sequencing Life of Mine Gold Production 160,000 2.00 Mining at Mt Wright to be extended to the end of FY19, with 140,000 Gold Produced Milled Grade Milled Grade (g/t Au) Gold Produced (oz) mining and processing of a further of
Slide 33: Sarsfield and Buck Reef West
Sarsfield and Buck Reef West For personal use only Two large scale, bulk tonnage open pits Buck Reef West Sarsfield 32
Slide 34: Bibiani Gold Mine
For personal use only Bibiani Gold Mine 33
Slide 35: Bibiani Gold Mine
Bibiani Gold Mine For personal use only Potential for a long life, high margin project with robust economics Study Update Summary Statistics Units 2018 Study 2016 Study Underground development Environmental Permit Authorisation received Ore development m 23,883 9,841 Waste development m 10,234 16,38
Slide 36: Bibiani Study Update
Bibiani Study Update For personal use only Development Schedule Recovery Schedule 1,200 4.5 160 140 1,000 3.75 120 800 3 100 Ore tonnes (kt) Ounces (koz) Grade (g/t) 600 2.25 80 60 400 1.5 40 200 0.75 20 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 Ore - development Ore - Stoping LHS
Slide 37: Strategic Investments
For personal use only Strategic Investments 36
Slide 38: Strategic Investments Overview
Strategic Investments Overview For personal use only Objective Establish a portfolio of investments in emerging 17% stake 27% stake gold explorers to expand our project pipeline and provide a source of medium term potential growth opportunities 27% stake 15% stake Focus Equity investments in well ma
Slide 39: Community
For personal use only Community 38
Slide 40: Community Highlights
Community Highlights For personal use only Syama Workforce Stability Agreement signed with Syama Workers Union in Mali to secure industrial relations framework Malian Talent Development Program enters second year at Syama to advance the skills, capabilities and careers of Malian employees Tabakoroni
Slide 41: Health, Safety and Environment
For personal use only Health, Safety and Environment 40
Slide 42: Health & Safety Performance
Health & Safety Performance For personal use only Resolute’s Total Recordable Incident Frequency Rate (TRIFR) for FY18 Mining Industry TRIFR was 3.10 which was significantly below both Australian surface and 5 Year Rolling Average Australian underground industry averages. Resolute has a commitment t
Slide 43: R-CARE at Resolute
R-CARE at Resolute For personal use only Committed: Accountable: • To working safely, all of the time • To the people we work with • To taking pride, in everything • For the quality of our work we do • To the expectation of our • To improving the way we business work Responsible: Empowered: • To our
Slide 44: Environment Update
Environment Update For personal use only Heritage Agreements signed for Ravenswood Expansion Project Environmental Approval received the Buck Reef West Environmental Permit Authorisation received to recommission Bibiani Graduate Environment Officer Program at Ravenswood New Syama power concept to ut
Slide 45: For personal use only
For personal use only John Welborn Level 2, Australia Place Managing Director & CEO 15-17 William St Perth, Western Australia 6000 Jeremy Meynert General Manager – T: +61 8 9261 6100 Business Development & F: +61 8 9322 7597 Mine Gold. Create Value. Investor Relations E: contact@rml.com.au