Resolute Mining Limited · ASX:RSG

Resolute Mining — Denver Gold Forum 2011

30 slides from Resolute Mining's conference presentation, Sep 21, 2011

  1. Slide 1: ASX Announcement: CEO Presentation at Denver Gold Forum

    ASX Announcement ACN 097 088 689 For personal use only 21 SEPTEM BER 2011 1 CHIEF EXECUTIVE OFFICER’S PRESENTATION AT DENVER GOLD FORUM Attached is a copy of the Chief Executive Officer’s presentation given at the Denver Gold Forum. For and on behalf of the Board GREG FITZGERALD Company Secretary Re

  2. Slide 2: Golden Value Opportunity

    GOLDEN VALUE For personal use only OPPORTUNITY RESOLUTE MINING LIMITED DENVER GOLD FORUM September 2011

  3. Slide 3: A Golden Value Opportunity

    For personal use only A GOLDEN VALUE OPPORTUNITY 2 § 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

  4. Slide 4: Resolute Value Add Strategy

    For personal use only RESOLUTE VALUE ADD STRATEGY 3 § 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

  5. Slide 5: Snapshot of Resolute

    For personal use only SNAPSHOT OF RESOLUTE 4

  6. Slide 6: FY 2011 Financial Snapshot

    For personal use only FY 2011 FINANCIAL SNAPSHOT 5 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: A Clear Value Opportunity

    For personal use only A CLEAR VALUE OPPORTUNITY 6 US$/oz Adjusted Market Capitalisation/Reserves Ounce $1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 $0 Source: BMO Gold Pages 12 September 2011 Intermediate Producers

  8. Slide 8: Syama

    For personal use only SYAMA 7

  9. Slide 9: Syama Operation, Mali

    For personal use only SYAMA OPERATION, MALI 8 § 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 regi

  10. Slide 10: Syama Improvement

    For personal use only SYAMA IMPROVEMENT 9 § FY11 production 85,362 ounces at US$1,197/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 performanc

  11. Slide 11: Syama Pit Expansion

    For personal use only SYAMA PIT EXPANSION 10 § 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 t

  12. Slide 12: Syama Oxide Circuit Expansion

    For personal use only SYAMA OXIDE CIRCUIT EXPANSION 11 § 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 A

  13. Slide 13: Syama Grid Power Connection

    For personal use only SYAMA GRID POWER CONNECTION 12 § 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 betwee

  14. Slide 14: Ravenswood

    For personal use only RAVENSWOOD 13

  15. Slide 15: Ravenswood Operation, Australia

    For personal use only RAVENSWOOD OPERATION, AUSTRALIA 14 § 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

  16. Slide 16: Sarsfield Open Pit

    For personal use only SARSFIELD OPEN PIT 15 § 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 minin

  17. Slide 17: Welcome Breccia

    For personal use only WELCOME BRECCIA 16 § New discovery (89% 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 signific

  18. Slide 18: Golden Pride

    For personal use only GOLDEN PRIDE 17

  19. Slide 19: Golden Pride, Tanzania

    For personal use only GOLDEN PRIDE, TANZANIA 18 § 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 § Dev

  20. Slide 20: Long Growth Pipeline

    For personal use only LONG GROWTH PIPELINE 19 • 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 Ravensw

  21. Slide 21: Syama North Exploration Upside

    For personal use only SYAMA NORTH EXPLORATION UPSIDE 20 § 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 : Infil

  22. Slide 22: Syama South Exploration Upside

    For personal use only SYAMA SOUTH EXPLORATION UPSIDE 21 § 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 st

  23. Slide 23: Syama Regional Exploration Upside

    For personal use only SYAMA REGIONAL EXPLORATION UPSIDE 22 § 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

  24. Slide 24: Ravenswood Exploration

    For personal use only RAVENSWOOD EXPLORATION 23 § Four other Mt Wright style targets to be tested in the district § Golden Valley breccia complex similar to Kidston and Mt Leyshon breccia complexes. § Geophysics completed showing significant chargeability anomaly § Drilling expected to commence next

  25. Slide 25: Cote d'Ivoire Exploration

    For personal use only COTE D IVOIRE EXPLORATION 24 § 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 dep

  26. Slide 26: Corporate Summary

    For personal use only CORPORATE SUMMARY 25 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 Directo

  27. Slide 27: A Golden Value Opportunity

    For personal use only A GOLDEN VALUE OPPORTUNITY 26 § 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 pric

  28. Slide 28: Thank You / Disclaimer

    For personal use only 27 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 assumption

  29. Slide 29: JORC Reserves

    For personal use only JORC RESERVES 28 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)

  30. Slide 30: JORC Resources

    For personal use only JORC RESOURCES 29 Resolute Resolute Resolute Resolute Gold Resources 1 Project Group Group Gold Resources 1 Project Group Group (includes stockpiles) Project Gold grade Contained Share Share Gold Tonnes (g/t) Ounces Gold % Ounces (includes stockpiles) Project grade Contained Sh

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