Slide 1: Mine Gold. Create Value.
For personal use only Mine Gold. Create Value. Presentation by Mr John Welborn, Managing Director & CEO Austmine 2017 – Mining Innovation Conference, Perth, 22-24 May 2017
Slide 2: Cautionary Statement
Cautionary Statement For personal use only This presentation includes certain statements, estimates and projections with respect to the future performances of Resolute. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assumptions may prove
Slide 3: Mine Gold. Create Value.
For personal use only Mine Gold. Create Value. 3
Slide 4: Value creation through Innovation
Value creation through Innovation Mining gold to create enduring value For personal use only 7 million ounces of production over 25 Value creation through innovation: years • Syama Underground Mine – 12 years Updated FY17 guidance of producing up to 250,000ozpa @ AISC $ 325,000 ounces at an AISC of
Slide 5: Innovation – A novelty?
Innovation – A novelty? For personal use only • Definition: 1. A new idea, device or method; • 2. the adoption, assimilation, and exploitation of a value-added novelty; development of new methods of production; establishment of new systems that increase production, provide better safety, and lower c
Slide 6: Mine Gold. Create Value.
Mine Gold. Create Value. For personal use only Developing >10 Exploration year gold mines Success Syama Underground Nafolo discovery at and Ravenswood Syama Expansion Project Bibiani drilling success Reducing Robust Cash, All-In Sustaining Bullion & Listed Costs (AISC) Investments through innovation
Slide 7: Mine Gold. Innovate. Create Value
Mine Gold. Innovate. Create Value For personal use only Increasing Reducing Productivity operating costs Increased tonnes Improved capital efficiency Increased development metres Lower operating costs (AISC) Increased utilisation and operating hours Improving Improving Safety Automation & Performanc
Slide 8: Resolute value chain
Resolute value chain Innovation is essential across the entire business For personal use only Mining Mine of the Mineral Exploration Engineering Future Processing • Nafolo discovery • Resolute pioneered the • Increased productivity, • Double refractory sulphide Sublevel Shrinkage mining lower operat
Slide 9: Exploration and innovation
Exploration and innovation For personal use only 9
Slide 10: Exploration is innovation
Exploration is innovation Nafolo…a game changing new discovery For personal use only • Adjacent to 8Moz Syama Deposit • Untested along strike and at depth • Potential to transform Syama operation 10
Slide 11: Mining and innovation
Mining and innovation For personal use only 11
Slide 12: Sublevel Cave Mining
Sublevel Cave Mining A highly efficient, top-down, bulk mining method For personal use only • Controlled, high-productivity ore delivery • Highly mechanised / amenable to automation • Low up-front capex • Early access to ore without leaving a crown pillar below the open pit • A flexible method with
Slide 13: Mt Wright Sublevel Shrinkage Mining
Mt Wright Sublevel Shrinkage Mining Innovation in bulk underground mining engineering For personal use only • Sublevel Shrinkage with Fill is mined like Sublevel Caving but fill is continuously introduced to protect infrastructure and minimise dilution • Sublevel shrinkage is an innovative mining me
Slide 14: Mt Wright Mining Innovation
Mt Wright Mining Innovation A low cash cost bulk underground mining method For personal use only Ravenswood Cash Cost (A$/oz) • The Sub Level Shrinkage (SLS) 1200 method has maximised production and minimised up front capital 1000 • Sublevel shrinkage has proven to be Cash Cost (A$/oz) 800 very cost
Slide 15: Syama Underground
Syama Underground Heavily automated, highly mechanised mine of the future For personal use only • Excavation of the surface boxcut has commenced (on track for completion in late CY17) • Mine development has commenced on the first production level (1130 Level) • First ore from development ore drives
Slide 16: Syama v Mt Wright
Syama v Mt Wright Key criteria comparison For personal use only Mt Wright achieved Syama expected Oz/vertical metre 2,400 oz/m 6,300 oz/m Tonne of stope ore/metre of 318t/metre of development 343t/metre of total development development Vertical advance per year 51m/yr LoM average 39m/yr LoM average
Slide 17: 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 What is an underground mine of the future? • Bright, clean & dry • Fresh air (no diesel fumes, fully electric) • Minimal operators (critical maintenance personnel only) • Real-time communication
Slide 18: Automation and innovation
Automation and innovation For personal use only 18
Slide 19: Automated Underground Mining
Automated Underground Mining Syama Mine of the Future For personal use only • Syama has potential for fully automated loading and hauling offering increased productivity and lower operating costs • Allows upskilling of local workforce using latest technologies in underground mining • Improved safety
Slide 20: Automated Underground Mining
Automated Underground Mining Syama Mine of the Future For personal use only • Real-time tracking, monitoring and data analytics of equipment and personnel • Availability of equipment data and production performance anywhere in the world • Automation allows for high performance draw control critical
Slide 21: Syama and Optimine®
Syama and Optimine® Optimising the mine plan in real-time For personal use only • Improved monitoring and real-time scheduling allows increased production efficiency • Production and equipment monitoring drives improved real-time management and supervision • Predictive modelling for preventative mai
Slide 22: Syama and AutoMine®
Syama and AutoMine® Increased productivity and lower operating costs For personal use only • 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 equ
Slide 23: Processing and innovation
Processing and innovation For personal use only 23
Slide 24: Refractory sulphide ore processing
Refractory sulphide ore processing A competitive advantage in refractory ore processing For personal use only • The Syama ore is double refractory: pyrite occluding fine grained gold and high levels of organic carbon • The combination of preg-robbing carbon and refractory sulphides was a problem enc
Slide 25: Syama gold processing innovation
Syama gold processing innovation Double refractory sulphide processing success For personal use only Syama Production History 250,000 85 Gold Production (ozpa) 80 Overall Recovery (%) 200,000 75 150,000 70 100,000 65 60 50,000 55 0 50 2009 2010 2011 2012 2013 2014 2015 2016 Total Gold Production Ove
Slide 26: Syama Project
Syama Project 85 Targeting overall gold recovery of above 85% For personal use only Calcine CIL tanks Flotation tails thickener • Overall project is 44% complete (as at mid-May 2017) • Staged commissioning of Project 85 remains on track for the end of March 2018 26
Slide 27: Innovation is not optional… it's essential.
For personal use only Innovation is not optional… it’s essential. Mine gold. Create value. ASX:RSG | www.rml.com.au 27