Resolute Mining Limited · ASX:RSG

Resolute Mining — Africa Down Under Conference 2011

31 slides from Resolute Mining's conference presentation, Sep 2, 2011

  1. Slide 1: Chief Executive Officer's presentation at Africa Down Under Conference

    ASX Announcement ACN 097 088 689 For personal use only 1 SEPTEMBER 2011 1 CHIEF EXECUTIVE OFFICER’S PRESENTATION AT AFRICA DOWN UNDER CONFERENCE Attached is a copy of the Chief Executive Officer’s presentation given at the Africa Down Under Conference. For and on behalf of the Board GREG FITZGERALD

  2. Slide 2: A Golden Value Opportunity

    A GOLDEN VALUE OPPORTUNITY For personal use only AFRICA DOWN UNDER AUGUST 2011

  3. Slide 3: Second largest ASX-listed gold producer

    For personal use only  Second largest ASX-listed gold producer  330,000oz growing to 400,000+ oz pa FY12 forecast production 410Koz @ A$730/oz  5.2m oz in Reserves backing 10+ years mine life 500 400 300  100% unhedged production leverage to the record 200 gold price 100 0 2011 (A) 2012 (F) 2013

  4. Slide 4: Strategy

    For personal use only  Continue ramp-up of Syama operation towards target production of 250,000oz a year  Grow group production while reducing costs through identified projects  Unlock exploration potential in Mali, Australia and Cote d’Ivoire  Improve cash flow and maintain conservative balance

  5. Slide 5: For personal use only

    RESOLL MIN LIMITED =o TANZANIA © SEN ASTIN J on

  6. Slide 6: FY11 results highlights

    For personal use only Total gold 330,859 ounces production Average cash cost $908/oz Revenue $445.1 million Net Profit After $61.4 million Tax Cash and bullion $25.7 million Total borrowings $126.0 million

  7. Slide 7: ASX Peer Gold Production FY11

    Moz ASX Peer Gold Production FY11 450 400 350 300 =— 250 +— t— 200 +— — 150 -— — 100 -— — —ii—_ 50 +4 — nes = = 0 r T 1 T T T 1 T T 1 1 T T 1 @ & > ow © oS SC CO OO OC FE OC GF SS S S s xo we < RS Rea x § we Res we SS SS Rea ®S RS © S EF & eS oo 2° SEF EFS KCoecs vss gs SP eK & F FS a? S S SF SP XS

  8. Slide 8: ASX Peer Gold Reserves

    For personal use only Moz ASX Peer Gold Reserves 6 5 4 3 2 1 0

  9. Slide 9: ASX Peer Market Capitalisation

    For personal use only $M ASX Peer Market Capitalisation* 4500 4000 3500 3000 2500 2000 1500 1000 500 0 * Undiluted closing value 30 August 2011 Source: Thomson Reuters

  10. Slide 10: For personal use only

    For personal use only

  11. Slide 11: Syama overview

    For personal use only  Large scale open pit operation  Resolute 80%, Mali Govt 20%  Ramping up annual output to 250,000oz+  2.94Moz contained reserves  13 year mine life  Plant and Pit expansion feasibility underway  Substantial exploration upside along strike and regionally

  12. Slide 12: Syama FY11 production

    For personal use only  FY11 production 85,362 ounces at A$1209/oz  Gold production increase and cash cost decrease underway  Issues being overcome – mechanical rather than process based  Improved mechanical consistency to drive production increase  Metallurgical performance confirms process des

  13. Slide 13: Syama pit expansion

    For personal use only  Expanded pit design to capture a total of 2.94Moz  Mine life extended from 6 years to 13 years  Delays transition to higher cost underground mine  GR Engineering to complete DFS in March quarter 2012  Ore body open at depth  Underground mine plan to be reconfigured

  14. Slide 14: Syama oxide circuit

    For personal use only  Potential to increase Syama’s A21 - Quartz Vein Hill annual production by 70koz by Oxide mineralisation over addition of oxide milling circuit 6 km A21/QVH 601K oz resource  Oxide resource of 1.0Moz+ along strike north and south of main pit Alpha/Syama Extension Alpha 101K o

  15. Slide 15: Syama grid power

    For personal use only  Diesel power generation currently represents ~1/3 of Syama’s cash operating costs  West African power pool interconnection with Cote d’Ivoire under construction  Interconnection expected to be operational by mid 2012  Preliminary route between Sikasso and Syama selected 

  16. Slide 16: For personal use only

    For personal use only

  17. Slide 17: Ravenswood operations

    For personal use only  More than 1.5Moz in Reserves  FY11 production 122,576oz at A$893/oz  Focus on high-grade Mt Wright underground ore  Sarsfield low-grade stockpiles exhausted  Mill conversion for dedicated treatment of Mt Wright ore

  18. Slide 18: Sarsfield pit reopening

    For personal use only  Mining ceased in early 2009, pit designed at A$800/oz  Stockpiled ore close to exhaustion  Reserve of 1.0Moz below current pit  Feasibility study investigating potential reopening due to strong gold price  Estimated capital cost $72M to restart mining and treatment  Simp

  19. Slide 19: Welcome Breccia discovery

    For personal use only  New discovery (80% Resolute) made near Ravenswood plant  WED003 intersected a spectacular 113m @ 7.7g/t au from 316m  Mineralisation is plunging steeply and remains open at depth.  Initial resource estimate 2.04mt @ 3.18g/t au for 208,000oz with significant upside  Welcom

  20. Slide 20: Tanzania

    TANZANIA Soigen Eide Sold Nine

  21. Slide 21: Golden Pride

    For personal use only  Current reserve of 220,000oz  FY11 gold production 122,921oz @ cash cost of US$708/oz  Mining to final pit design with less than 2 year production life  Mine planning for near pit deposits  Nyakafuru 1.0Moz resource 120kms from Golden Pride  Development options under rev

  22. Slide 22: Growth pipeline by stage

    For personal use only • Syama pit expansion NEAR-TERM • Syama oxide circuit PRODUCTION • Syama grid power GROWTH • Sarsfield pit reopening • Syama Satellites • Welcome Breccia ADVANCED • Nyakafuru EXPLORATION • Syama along strike targets • Mt Wright/Kidston targets at Ravenswood EARLIER STAGE • Syam

  23. Slide 23: Syama satellite deposits drilling

    For personal use only  A21/Quartz Vein Hill : Infill and extension RC drilling on 50m traverses Initial resource of 601,000oz @ 2.5g/t Au  Alpha : Infill and extension RC drilling on 50m traverses. Initial resource of 101,000oz @ 1.8g/t Au  Syama Extended : Infill and extension RC drilling on 50m

  24. Slide 24: Tellem and Paysans exploration

    For personal use only  Tellem : RC drilling on 50-100m traverses.Continuous mineralisation over 4000m – Open along strike Initial resource of 165,000oz @ 2.5g/t Au  Paysans: Broad spaced (200m) aircore traverses. Continuous mineralisation over 1400m. Open along strike.  Senufo-Salikou: Broad spac

  25. Slide 25: Mali exploration tenure

    For personal use only  Located in prolific West African Birimian Greenstone Belt  Tenure covers ~75km of the highly prospective and under explored Syama Shear  Actively pursuing other nearby prospective tenure – new JV with Robex Resources in July  Tabakoroni Feasibility Submitted in July 2010.

  26. Slide 26: Cote d'Ivoire exploration

    For personal use only  Focus on the under explored, World-Class Birimian terrains of West Africa  ~10,000sqkm of permits covering over 200km of Greenstone Belts NE of Newcrest Mining’s Bonikro Mine  Broad scale 1km x1km multi element sampling targeting large scale deposits  Ten high priority mul

  27. Slide 27: Capitalisation and Board of Directors

    For personal use only Capitalisation Board of Directors • Issued Shares (ASX: RSG): 467 million • Peter Huston Non Exec Chairman • Issued Options (ASX: RSGO): 51 million • Peter Sullivan Managing Director • Issued Con Notes (ASX: RSGG) 137million • Tom Ford Non Executive Director • Bill Price Non Ex

  28. Slide 28: Second largest ASX-listed gold producer

    For personal use only  Second largest ASX-listed gold producer  330,000oz growing to 400,000+ oz pa FY12 forecast production 410Koz @ A$730/oz  5.2m oz in Reserves backing 10+ years mine life 500 400 300  100% unhedged production leverage to the record 200 gold price 100 0 2011 (A) 2012 (F) 2013

  29. Slide 29: Thank you / Disclaimer

    For personal use only THANK YOU DISCLAIMER • 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 concerning anticipated results, which assumptions m

  30. Slide 30: Gold Reserves

    For personal use only Gold Reserves Project Resolute Group Resolute Group (includes stockpiles) Project Gold grade Contained Share Share Tonnes (g/t) Ounces Gold % ounces RESERVES Reserves ( Proved) Australia Mt Wright (insitu) 2 5,180,000 2.8 466,000 100% 466,000 Sarsfield (insitu) 3 20,270,000 0.9

  31. Slide 31: Gold Resources

    For personal use only Resolute Resolute Resolute Resolute Gold Resources 1 Project Group Group Gold Resources 1 Project Group Group Gold (includes stockpiles) Project Gold grade Contained Share Share (includes stockpiles) Project grade Contained Share Share Tonnes (g/t) Ounces Gold % Ounces Tonnes (

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