Red Mountain Mining Ltd · ASX:RMX
Red Mountain Mining — Symposium Resources Roadshow 2013
24 slides from Red Mountain Mining's conference presentation, Feb 19, 2013
Slide 1: ASX Announcement: Presentation
ASX ANNOUNCEMENT 19 February 2013 For personal use only PRESENTATION Red Mountain Limited (ASX: RMX) (“the Company”, “Red Mountain”) provides the following Presentation, to be delivered by Executive Director, Mr Jon Dugdale, at the Symposium Resources Roadshow events in Sydney, 5.00pm on Tuesday 19
Slide 2: Emerging Low Cost Gold Developer with High-Grade Resource Growth
For personal use only February 2013 Emerging Low Cost Gold Developer with High-Grade Resource Growth
Slide 3: Highlights
Highlights For personal use only • Flagship Batangas gold projects with dominating 270 km² position on Luzon Island, 100km south of Manila in the Philippines • Safe, friendly jurisdiction with strong community support • Established mining and exploration licences in place • JORC Resources: Indicated
Slide 4: Experienced Board and Executive Team
Experienced Board and Executive Team For personal use only • Board of Directors – Neil Warburton: Executive Chairman – Former CEO of Barminco, 35yrs exp. – Jon Dugdale*: Executive Director – Geologist with corporate, 26 yrs exp. – Keith Rowe: Non Executive Director – 30 years in industry – Michael W
Slide 5: Company Overview
Company Overview For personal use only Red Mountain Mining Ltd ASX: RMX Listed Shares 187,572,026 Share Price Unlisted Options 58,287,474 Top 20 shareholders 80% Share price $0.105 (15 Feb 2013) Market Capitalisation $20 million Volume (@ A$0.105) Cash on hand: 31/12/12 $3.3million Major Shareholder
Slide 6: Philippines – A Golden Opportunity
Philippines – A Golden Opportunity For personal use only • US based “Democracy” Didipio (Oceana) • IMF growth projections 7% next 5 years • Stable mining law and regulations • New mining policy Executive Order 79 (2012) Batangas demonstrates commitment to sector Masbate (CGA) • Well educated work-fo
Slide 7: Portfolio of projects in key mining districts
Portfolio of projects in key mining districts Portfolio of projects in key mining districts For personal use only Batangas Gold Projects (*100%) Didipio Cu-Au • Archangel Project (Gold) (Oceana) • Lobo Project (Gold) • El Paso, Calo, Talahib (Cu-Au) Masbate Gold 200,000oz pa (CGA Mining) Sianna Gold
Slide 8: Company Strategy
Company Strategy For personal use only Lobo and Archangel Projects: Batangas • Identified high-grade gold targets to be systematically drilled to increase total resources and grade • Establish scope of a highly-profitable gold project: a) optimise open pits on current resources = base case b) higher
Slide 9: The Batangas Program
For personal use only The Batangas Program • Experienced team on the ground • Two drilling rigs in action • Continuous pipeline of drilling targets • Strong Safety and Environment programs • Excellent infrastructure in region 8
Slide 10: 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 - Lobo high-grade gold lodes eg Medusa Mining Manila - Archangel – bulk tonnage gold eg CGA Mining • Drilling in progress to increase and
Slide 11: Batangas Gold Resources @ 0.85 g/t Au cutoff
Batangas Gold Resources @ 0.85 g/t Au cutoff For personal use only Resource Deposit Tonnes Au g/t Au Oz Ag g/t Ag Oz Category Inferred 3,004,000 2.0 197,000 1.3 124,000 Archangel Indicated 2,582,000 2.0 165,000 5.7 471,000 *Total 5,586,000 2.0 363,000 3.3 595,000 Inferred 16,000 5.3 3,000 1.7 1,000
Slide 12: Batangas Gold Resources @ 0.50 g/t Au cutoff
Batangas Gold Resources @ 0.50 g/t Au cutoff For personal use only Resource Deposit Tonnes Au g/t Au Oz Ag g/t Ag Oz Category Inferred 7,308,000 1.2 284,000 1.4 324,000 Archangel Indicated 5,838,000 1.2 232,000 4.6 871,000 *Total 13,147,000 1.2 516,000 2.8 1,194,000 Inferred 27,000 3.3 3,000 1.6 1,0
Slide 13: Lobo Project: Compilation Map
Lobo Project: Compilation Map Taysan Porphyry Cu-Au Deposit BATANGAS PROJECTS 309000E 311000E • 10km strike of epithermal structures • High grade resources at Southwest Breccia • New high-grade discovery at West Drift, For personal use only - 2 rigs drilling in progress, open at depth 1511000N LOBO
Slide 14: Lobo Project: Southwest Breccia Shoot
Lobo Project: Southwest Breccia Shoot 4.90m @ 11.1 g/t Au Taysan Porphyry BATANGAS 9,950E 10,000E Cu-Au Deposit inc. 2.0m @ 21.1 g/t Au PROJECTS For personal use only • High grade epithermal shoot LB64-11 160 • Open ASL at depth LB58-11 LB60-11, 20.75 140 LB63-11 LOBO 25.20 Map Area 16.13m @ 7.75 g/
Slide 15: Lobo Project: West Drift Longitudinal Projection
Lobo Project: West Drift Longitudinal Projection 10600N 10700N 10800N 10500N 10900N A A’ Taysan Porphyry BATANGAS Cu-Au Deposit PROJECTS • Projection of epithermal Lode For personal use only • 200m Increasing gold grade with depth Old Lobo • ASL Drilling defining high-grade zone Copper Mine LOBO Adi
Slide 16: Lobo Project: West Drift Cross section 10675mN
Lobo Project: West Drift Cross section 10675mN 9,200E 9,300E Taysan Porphyry BATANGAS Cu-Au Deposit PROJECTS LB70-13 LB72-13 For personal use only 150m Road ASL Creek 125 LOBO 1.7m @ 0.62 g/t Au, 1.96 % Cu Map Area 100 1.5m @ 0.51 g/t Au, MAP KEY 1.8 % Cu 75 60.3 Quaternary colluvium Exploratory rai
Slide 17: Lobo Project: Drilling Programme
Lobo Project: Drilling Programme For personal use only • Two rigs on continuous shifts drilling depth and lateral extension to West Drift gold lode. • One additional rig to commence drilling Japanese Tunnel, Pica and other new Lobo targets in March • Trenching and sampling of outcropping epithermal
Slide 18: Archangel Gold Resources Project
Archangel Gold Resources Project 316000E 317000E Taysan Porphyry BATANGAS Cu-Au Deposit • Defined Mineral Resources at surface PROJECTS • Open to the northwest and northeast For personal use only • Drilling planned to convert and extend Indicated Resources 1508000N LOBO Map Area MAP KEY KTD199-12 Lu
Slide 19: Archangel Project: Drilling Programme
Archangel Project: Drilling Programme For personal use only • Known Inferred resources within optimised pit shells to be converted to 100% Indicated Resource category • Additional high grade gold targets being identified from trenching to be drilled • Targeting of deeper extensions following further
Slide 20: 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 areas Manila San Juan Mindanao El Paso Batholit
Slide 21: Key value-driving milestones for 2013
Key value-driving milestones for 2013 For personal use only Milestone Objective Timing Lobo Project: Drill Lobo high-grade gold Q1 - Q4 shoot targets eg West Drift, Japanese Add additional high grade gold resources 2013 Tunnel, Pica Archangel Project: gold resource drilling Convert Inferred to Indic
Slide 22: Contact details
Contact details For personal use only Neil Warburton, Executive Chairman E: neil.warburton@redmm.com.au M: +61-408 935 014 Jon Dugdale, Executive Director E: jon.dugdale@redmm.com.au M: +61-402 298 026 Media relations – Kevin Skinner E: kevin@fieldpr.com.au M: +61-414 822 631 Red Mountain Mining hea
Slide 23: Qualified Person statement
Qualified Person statement For personal use only The information in this report relating to Exploration Results is based on information compiled by Mr Jon Dugdale who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the
Slide 24: 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
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