Slide 1: Focussed on drilling high-grade gold targets with a pathway to production
For personal use only May 2013 Focussed on drilling high-grade gold targets with a pathway to production
Slide 2: Disclaimer and Forward Looking Statements and Qualified Person Statement
Disclaimer and Forward Looking Statements and Qualified Person Statement 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, publish
Slide 3: Highlights – Batangas Gold Project
Highlights – Batangas Gold Project For personal use only • Flagship Batangas Gold Project tenements covering 270 km², located 120km south of Manila, Luzon Island, the Philippines. • A safe jurisdiction with strong community support and excellent regional infrastructure • Established JORC Compliant R
Slide 4: Company Overview
Company Overview For personal use only Red Mountain Mining Ltd ASX: RMX Listed Shares 187,572,026 Unlisted Options 58,287,474 Top 20 shareholders 80% Share Price Share price $0.025 (08 March 2013) Market Capitalisation $4.7 million (@ A$0.025) Cash on hand, April 30th ~$0.85 million Volume Debt None
Slide 5: Experienced Board and Executive Team
Experienced Board and Executive Team For personal use only • Board of Directors Neil Warburton: Chairman – Mining Engineer, former CEO of Barminco, 35yrs experience Jon Dugdale: Managing Director – Geologist, discovery background + corporate, 26 yrs experience Keith Rowe: Non Executive Director – 30
Slide 6: Philippines: A Golden Opportunity
Philippines: A Golden Opportunity For personal use only • US based “Democracy” • IMF growth projections 7% next 5 years Didipio (Oceana) • Stable mining law and regulations. - New mining policy Executive Order 79 (2012) demonstrates commitment to sector - Exploration Permits moratorium lifted Batang
Slide 7: Batangas Gold Projects: Mineral Resources
Batangas Gold Projects: Mineral Resources • 270km² land package covers entire epithermal gold field Luzon • Two key gold resource projects: For personal use only Manila ‐ Lobo high‐grade gold lodes eg Medusa Mining ‐ Archangel – bulk tonnage gold eg CGA Mining • Drilling to test high‐grade resource
Slide 8: Lobo Compilation Map
Lobo Compilation Map Taysan Porphyry Cu‐Au Deposit BATANGAS PROJECTS • Five parallel high‐grade lode structures • 15km strike, of which only 0.5km drilled For personal use only • Five identified high‐grade shoots N • Immediate targets to upgrade resource LOBO Map Area MAP KEY LITHOLOGY Alluvium Quat
Slide 9: Lobo: Regional Conceptual Cross Section
Lobo: Regional Conceptual Cross Section For personal use only 8
Slide 10: Lobo SWB-Jap Tunnel Longitudinal Projection
Lobo SWB-Jap Tunnel Longitudinal Projection B B’ 10100N 10000N 10200N For personal use only Taysan Porphyry BATANGAS JAPANESE SOUTHWEST Cu‐Au Deposit PROJECTS TUNNEL BRECCIA 200m ASL B 9.5m @ 13.5 g/t Au 6m @ 23.55 g/t Au 2m @ 18.12 g/t Au 6m @ 8.8 g/t Au LOBO 1m @ 3.9 g/t Au 5m @ 10.43 g/t Au & 7.4
Slide 11: Lobo, Southwest Breccia Shoot: 10155mN
Lobo, Southwest Breccia Shoot: 10155mN 9,950E 10,000E Taysan Porphyry BATANGAS Trench: 6.0m @ 23.5 g/t Au Cu‐Au Deposit PROJECTS • High grade epithermal shoot For personal use only • Indicated Resource at surface 160m LB64-11 ASL • Open at depth 4.90m @ 11.1 g/t Au inc. 2.0m @ 21.1 g/t Au LB58-11 LB
Slide 12: Lobo, Pica Veins Cross Section 9550n
Lobo, Pica Veins Cross Section 9550n 8,300E 8,200E 100m ASL Next drill holes Taysan Porphyry BATANGAS PC06-13 For personal use only Cu‐Au Deposit PROJECTS PC-02 PC05-13 75 1.5m @ 8.46 g/t Au LOBO 5m @ 4.28 g/t Au 50 Map Area Inc. 1.3m @ 9.49 g/t Au 1.7m @ 4.4 g/t Au, 34.8 g/t Ag MAP KEY Quaternary c
Slide 13: Lobo, West Drift Lode Longitudinal Projection
Lobo, West Drift Lode Longitudinal Projection 10600N 10700N A’ 10500N 10800N 10900N A • High‐grade shoot at depth For personal use only Taysan Porphyry BATANGAS • Open to NE and SW Cu‐Au Deposit PROJECTS • Resource modelling underway 200m ASL Old Lobo Copper Mine Adit #3 Adit #2 LOBO Lobo Adit #1 We
Slide 14: Lobo West Drift Cross Section 10675mN
Lobo West Drift Cross Section 10675mN 9,300E 9,200E LB72-13 Taysan Porphyry BATANGAS Cu‐Au Deposit PROJECTS LB70-13 LB77-13 For personal use only 150m Road ASL 1.7m @ 0.62 g/t Au Creek 1.96 % Cu 125 “Silver Lode”, LB 68, LOBO 1.55m @ 499 g/t Ag Map Area 100 1.5m @ 0.51 g/t Au 1.8 % Cu MAP KEY 75 60.
Slide 15: Batangas: Archangel Project
Batangas: Archangel Project BATANGAS • 6 km gold ‐ porphyry zone PROJECTS • Near/at surface resources Bootin Crazy Horse For personal use only Taysan Project • Potential to expand resources EL PASO PROJECT Biga LOBO GOLD PROJECT TALAHIB PROJECT ARCHANGEL PROJECT KAY TANDA GOLD RESOURCE Marita MAP KE
Slide 16: Archangel Resources Cross Section
Archangel Resources Cross Section For personal use only A • Resources at surface A’ • Low stripping ratio • Majority oxide‐transition • Good metallurgy Kay Tanda West 15
Slide 17: El Paso Project: Proposed joint venture area
El Paso Project: Proposed joint venture area - Large porphyry Cu-Au potential For personal use only Taysan Copper-Gold Resource (TSXV Crazy Horse Resources) Major JV partner sought for Luzon Meas. and Indicated 459mt @ 0.26% Cu, 0.10 g/t Au Copper‐gold porphyry targets Manila San Juan Mindanao El Pa
Slide 18: Corporate Structure / Offer
Corporate Structure / Offer For personal use only • RMX is seeking to raise up to circa $2.8 million via a pro-rata renounceable rights issue offering three (3) new shares for every two (2) existing shares at 1¢ per share. • Subscribers will receive one (1) free attaching “short-dated” options for e
Slide 19: Proposed Use of Funds: Majority Drilling High-Grade Targets
Proposed Use of Funds: Majority Drilling High-Grade Targets For personal use only Prospect High-grade Intersections Drilling Metres Cost Pica 5m @ 4.28 g/t Au inc. 1.3m @ 9.3 g/t Au 10 holes 1,000m Japanese 5m @ 10.43 g/t Au, 2m @ 18.12 g/t Au 6 holes 500m Tunnel Ulupong 19m @ 9.77 g/t Au inc. 7m @
Slide 20: Proposed Activity
Proposed Activity For personal use only Activity Location Total Exp July Aug Sept Oct Nov Dec Jan Feb Mar April 13 13 13 13 13 13 14 14 14 14 Drilling Pica $0.2m $0.2m $0.1m Japanese $0.1m $0.1m Tunnel Ulupong $0.1m $0.2m West Drift/ $0.2m $0.3m Other Drillout Total $1.5m $0.2m $0.2m $0.2m $0.2m $0.
Slide 21: Investment Thesis
Investment Thesis For personal use only • Fully subscribed, RMX will have circa $3 million in cash which will facilitate both drilling and scoping study work on the Batangas Project. • Drilling is all about upgrading the 408,000oz JORC resource so as to make the project economics compelling. • Fully
Slide 22: Contact Details
Contact Details For personal use only Neil Warburton, Chairman Red Mountain Mining E: neil.warburton@redmm.com.au Head Office M: +61-408 935 014 Unit 1, 2 Richardson Street West Perth WA 6005 Jon Dugdale, Managing Director E: jon.dugdale@redmm.com.au P: +61-8 9226 5668 M: +61-402 298 026 F: +61-8 94