Slide 1: Proposed acquisition of gold and copper-gold assets in Philippines
For personal use only Proposed acquisition of gold and copper-gold assets in Philippines 30 Ma 2012 30 May 2012
Slide 2: Transaction highlights
Transaction highlights For personal use only Proposed acquisition of significant gold and copper-gold assets in the Philippines containing an Indicated Resource of 10,150,000 tonnes @ 1.2g/t for 393,000 contained ounces of gold and an Inferred Resource of 3,800,000 tonnes @ 0.88g/t for 108,000 con
Slide 3: Transaction highlights (cont'd)
Transaction highlights (cont’d) For personal use only Strengthening of Red Mountain Mining’s management team by securing senior executive and Board members from Mindoro Transaction strongly in line with Red Mountain Mining’s strategy and provides a unique opportunity to apply modern Australian m
Slide 4: Transaction overview
Transaction overview For personal use only • Acquisition of Mindoro Resources’ Philippine based gold and copper-gold tenements and projects in exchange for Red Mountain Mining shares • Following interests are to be acquired by Red Mountain Mining: – 100% interest in Batangas Project with JORC Indica
Slide 5: Transaction structure
Transaction structure For personal use only • Mindoro assets to be acquired: – 100% of MRL Gold (Australia) Pty Ltd – 100% owner of Mindoro's Philippines subsidiaries, the beneficial owner of the Assets • Placement – consideration will be: – *100,000,000 non-voting shares in Red Mountain Mining; and
Slide 6: Conditions precedent
Conditions precedent For personal use only • Completion of satisfactory due diligence by both parties • Board and required shareholder approval of both Red Mountain Mining and Mindoro • Completion of restructuring of Mindoro subsidiary MRL Gold Phils Inc whereby assets and beneficial rights to asset
Slide 7: Corporate structure post acquisition
Corporate structure post acquisition For personal use only 56-65% 35-44% 100% Current RMX Current MDO shareholders MDO RMX shareholders 100% 100% MRL Phils. Inc. 100% MRL Gold 75% (Australia) 100% Options for 75% 100% 100% Philippines MDO Nickel Pan de Azucar Subsidiary 100% Assets (75%) 100% 25% 25
Slide 8: Red Mountain Mining Board
Red Mountain Mining Board For personal use only Pre acquisition Post acquisition Neil Warburton Neil Warburton (Exec-Chairman) and then Non-Exec (Exec Chairman and Acting CEO) Chairman within 9 mths of completing sale Jon Dugdale Keith Rowe Exec Director and then CEO (Executive Director) within 9 mt
Slide 9: Portfolio of projects in key mining districts
Portfolio of projects in key mining districts MAP KEY Gold and Cu-Au project For personal use only Didipio Cu-Au Batangas Gold Projects (Oceana) Major Deposit Recent major discovery (100% beneficial interest) Major Gold project • Archangel (Gold) • Lobo (Gold) • El Paso, Calo, Talahib (Cu-Au) Masbat
Slide 10: Batangas Gold Project & Copper-Gold Targets, 100%
BATANGAS GOLD PROJECT & COPPER-GOLD TARGETS, 100% MAP KEY Luzon Tenements / applications Porphyry copper-gold prospects Manila For personal use only Resource area Epithermal vein trends Copper showing Historical mine / workings Other prospects Mindanao El Paso 0 4km N Calo Talahib Marita LOBO LOBO P
Slide 11: Batangas, Archangel Project
BATANGAS, ARCHANGEL PROJECT BATANGAS • 6km gold zone with porphyry at depth Crazy Horse PROJECTS Bootin • Drilling high-grade “feeders” to build resource Taysan Project For personal use only • Resources low-strip and excellent metallurgy EL PASO PROJECT Biga LOBO GOLD PROJECT TALAHIB PROJECT ARCHANG
Slide 12: Batangas, Kay Tanda Project
BATANGAS, KAY TANDA PROJECT KAY TANDA CROSS SECTION 9350N: Shallow Resource and “Feeder” Target For personal use only 9600E 9700E Batangas 9800E 9400E 9500E Projects 58m @ 1.53 g/t Au 26m @ 4.03 g/t Au, 179.16 g/t Ag 60m @ 1.46 g/t Au, 25.10 g/t Ag PL-37 PL-24 PL-23 PL-31 PL-30 20m @ 1.09 g/t Au PLD
Slide 13: Batangas, Lobo Gold Project
BATANGAS, LOBO GOLD PROJECT Nagtoctoc BATANGAS • High-grade gold shoots targeted Crazy Horse PROJECTS • 5km mapped epithermal lode structures Taysan Project For personal use only ? • Drilling planned to build resource LOBO GOLD PROJECT EL PASO PROJECT Pica: Epithermal veins: TALAHIB • 13.65m @ 2.49
Slide 14: Batangas, Lobo Project
BATANGAS, LOBO PROJECT SOUTHWEST BRECCIA LONGITUDINAL PROJECTION, G/T x Thickness Contour For personal use only 10,172N 10,185N 10,155N 10,140N 10,100N 10,200N 10,215N 10,125N B B’ Batangas Projects TR-2 210.1 LB65-11 OC channel 36.2 TR-1 159.2 170m 358.2 ASL LB64-11 54.59 LB62-11 150 92.23 LB59-11
Slide 15: Batangas, Lobo Project: Southwest Breccia Cross Section 10155N
BATANGAS, LOBO PROJECT SOUTHWEST BRECCIA CROSS SECTION 10155N 10,000E 4.90m @ 11.1 g/t Au Batangas For personal use only 9,950E inc. 2.0m @ 21.1 g/t Au Projects LB64-11, 160 ASL LB63-11, LB58-11, LB60-11, 20.75m 140 25.20m 16.13m @ 7.75 g/t Au 120 40.50m MAP KEY 9.05m @ 6.56 g/t Au 43.9m inc. 5.0m @
Slide 16: Batangas, Lobo Project: Southwest Breccia Cross Section 10172N
BATANGAS, LOBO PROJECT SOUTHWEST BRECCIA CROSS SECTION 10172N Trench: 11m @ 19.1 g/t Au Batangas For personal use only 9,950E 10,000E 13.3m @8.30 g/t Au Projects LB65-11 180m ASL 8.0m @ 8.82 g/t Au inc. 3.0m @ 15.4 g/t Au 11.90m LB62-11 7.75m @ 4.67 g/t Au 160 LB61-11 inc. 1.95m @ 11.8 g/t Au 17.4m
Slide 17: Porphyry Copper-Gold: Tapian-San Francisco
PORPHYRY COPPER-GOLD: TAPIAN-SAN FRANCISCO Luzon BATANGAS SURIGAO CITY For personal use only Manila Mindanao Sea PAN DE AZUCAR Masapelid SURIGAO PROJECTS Mindanao Epithermal gold and porphyry copper- gold mines of MMC MAP KEY TAPIAN SAN FRANCISCO (TSF) PROJECT Tenements Extensive Porphyry-related TS
Slide 18: Key value-driving milestones for 2012/13
Key value-driving milestones for 2012/13 For personal use only Milestone Objective Timing Drill test “feeder” structures and Q3/4 2012 Archangel gold resource drilling upgrade and define resources Batangas gold resource upgrade Significant gold resource increase Q1 2013 Drill Porphyry Copper-Gold Ta
Slide 19: Indicative transaction timetable
Indicative transaction timetable For personal use only Timetable Date Completion of due diligence by Mindoro and Red Mountain Mining 12 June Execute Agreements (binding) 14 June Mindoro AGM 28 June Red Mountain Mining Meeting Documents dispatched 29 June Red Mountain Mining Shareholder Meeting 31 Ju
Slide 20: In summary...
In summary... For personal use only • Company transforming transaction – assets in mineral rich districts of Philippines • Highly prospective gold exploration resource projects – with further exploration potential • Established mining and exploration licences in place • Existing cash reserves to enh
Slide 21: Contact details
Contact details For personal use only Neil Warburton, Executive Chairman & Acting CEO E: neil.warburton@redmm.com.au M: +61-408 935 014 Investor relations – Ronn Bechler E: ronn.bechler@marketeye.com.au M: +61-400 009 774 Red Mountain Mining head office Suite 1, 2 Richardson Street West Perth WA 600
Slide 22: Qualified Person statement
Qualified Person statement For personal use only Mindoro’s Resource Statements are NI 43-101 and JORC Compliant. Jon Dugdale, the CEO and a director of Mindoro Resources and a member of the AusIMM, is a Competent Person as defined by the JORC Code, has more than five years of experience which is rel
Slide 23: Disclaimer
Disclaimer 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, published or distributed should inform themselves about and observe s
Slide 24: For personal use only
For personal use only Suite 1, 2 Richardson Street. West Perth, Western Australia, 6005 T +61 (08) 9226 5668 F +61 (08) 9486 8616 www.redmm.com.au