Resolute Mining Limited · ASX:RSG
Resolute Mining — Denver Gold Forum 2009
14 slides from Resolute Mining's conference presentation, Sep 15, 2009
Slide 1: ASX Announcement: Chief Executive Officer 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 15 September 2009
Slide 2: Resolute Mining Limited - Denver Gold Forum
For personal use only Resolute Mining Limited DENVER GOLD FORUM September 2009
Slide 3: About Resolute Mining / Growing Production Profile
About Resolute Mining • Experienced developer and operator of gold projects • African portfolio focus, projects in Mali and Tanzania, also Australia For personal use only • Three Operating Mines • Group FY’09 Production of 300,000 ounces forecast to grow to ~400,000 ounces in FY’10 • Current Total R
Slide 4: Resource Profile
Resource Profile Reserves & Resources Reserves Equity Mt Au g/t Au koz Golden Pride 100% 7.1 1.7 393 Mt Wright 100% 0.9 2.8 77 For personal use only Sarsfield 100% 6.2 0.6 120 Syama 80% 16.9 3.0 1,626 Total 31.1 2.2 2,216 Resources Equity Mt Au g/t Au koz Golden Pride 100% 25.9 1.7 1,404 Mt Wright 1
Slide 5: Syama Overview and Current Status
Syama Gold Mine – Overview • Major Asset of Resolute ( Resolute 80%, Mali Govt 20%) • Located in southern Mali For personal use only • Emerging gold belt • Over 6 million ounces in Reserves and Resources • Production of 250,000+ ozs pa @ US$480/oz • Potential for 10+ Year Operation 6 Syama Gold Mine
Slide 6: Syama Free Milling Upgrade and Underground Scoping Study
Syama Gold Mine – Free Milling Upgrade A21 - Quartz Vein Hill Oxide mineralisation over 6 km of strike • Add Free Milling Circuit For personal use only A21 185,000oz reserve (2.0mt@2.9g/t) • Targeting 1 – 1.5 mtpa Oxide A21 & QVH 601,000oz Feed resource • Deliver extra 80 – 100 kozs pa Main Pit • In
Slide 7: Syama Finkolo JV Feasibility
Syama Gold Mine – Finkolo JV Feasibility • Resolute 60%:Etruscan 40% For personal use only • Extends Resolute control to over 75 km of a under explored and very prospective gold belt • Tabakoroni Resource 825,000 ounces • Feasibility commenced on best development option • FS Completion by 2H09 Regio
Slide 8: Ravenswood Overview and Mt Wright
Ravenswood Gold Mine – Overview • Located approximately 95kms south west of Townsville in north east Queensland • Resolute holds a 100% interest in the project • Over 1 million ounces in Reserves and Resources For personal use only • FY’09 production yielded 151,913 ozs @ Cash Cost A$762/oz • Sarsfi
Slide 9: Ravenswood Mt Wright Depth Potential and Exploration Targets
Ravenswood Gold Mine – Mt Wright Depth Potential • Brecciated Rhyolite Pipe For personal use only • No Drilling Below 800m • Successful Drill Test of Further 300m Depth • Scope to Significantly Increase Resource 14 Ravenswood Gold Mine – Exploration Targets • Tenure >1000 sq kms • Focus on Mt Wright
Slide 10: Golden Pride Tanzania Overview
Golden Pride Gold Mine – Tanzania For personal use only 16 Golden Pride Gold Mine – Overview • Located in Tanzania, East Africa approximately 200kms south of Lake Victoria • Resolute holds a 100% interest in the project • 400,000 ounces in Reserves • FY’09 production yielded 127,047 ounces @ Cash Co
Slide 11: Golden Pride Regional Exploration and Nyakafuru
Golden Pride Gold Mine – Regional Exploration • Focus on targets along strike to the east of pit For personal use only • Kavsav (8 km east of pit) promising Consolidating tenure around Golden Pride and exploring under shallow cover with new exploration tools 18 Golden Pride Project – Nyakafuru • Nya
Slide 12: Resource Growth and Corporate Summary
Resource Growth Exploration • Strong commitment to exploration focusing on adding value to existing assets • US$10 million budgeted exploration spend for FY’10 For personal use only • Focus on very prospective near mine tenure by expanding resources around the Company’s existing operations in Mali,
Slide 13: Hedging and Comparative Value
Hedging 450 • Hedge Book ~12% of Reserves For personal use only 400 350 300 • Run Off Existing Hedge Book 250 Production 200 Hedging • 2yrs, ~ 25 % of Production 150 100 • Primarily $A Gold Forwards, A$726/oz 50 0 • Price Protection with Put Options 2009 2010 2011 22 Comparative Value $600 $500 $400
Slide 14: Investment Summary
Investment Summary • Strong gold production with an expected 400,000 ozs production in FY’10 • Quality asset portfolio with excellent exploration potential For personal use only • Modest hedging provides meaningful leverage to gold price movements • Anticipate significant cashflow generation over th