Resource Minerals International Ltd · ASX:RMI
Resource Minerals International — Resource Mining — 2015 PNG Mining and Petroleum Conference
21 slides from Resource Minerals International's conference presentation, Nov 25, 2015
Slide 1: 2015 PNG Mining and Petroleum Conference Presentation
ABN: 97 008 045 083 702 Murray Street, West Perth For personal use only Western Australia 6005 Phone: 61 8 9213 9400 Fax: 61 8 9213 9444 Website: www.resmin.com.au 25 November 2015 The Company Announcements Office Australian Securities Exchange Limited 4th Floor, 20 Bridge Street SYDNEY NSW 2000 201
Slide 2: Wowo Gap Nickel Laterite Project: Opportunities in Challenging Times
For personal use only PNG MINING AND PETROLEUM CONFERENCE 24-26 November 2015 ABN: 33 071 497 884 WOWO GAP NICKEL LATERITE PROJECT EL 1165, EL 1980, EL 2337 “OPPORTUNITIES IN CHALLENGING TIMES” NIUGINI NICKEL LIMITED 100% SUBSIDIARY OF RESOURCE MINING CORPORATION ABN: 97 008 045 083
Slide 3: Technical Disclosures and Forward-Looking Disclaimers
Technical Disclosures and Forward-Looking Disclaimers For personal use only This presentation has been prepared by Resource Mining Corporation Limited (“RMC” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an i
Slide 4: Wowo Gap Nickel Laterite Project – Location
Wowo Gap Nickel Laterite Project – Location For personal use only
Slide 5: Wowo Gap Nickel Laterite Project – Tenements
Wowo Gap Nickel Laterite Project – Tenements Mineralisation open to the north and south of current resource model on EL 1165 For personal use only Potential for high grade “pockets” across seven zones EL 1980 (neighbouring exploration lease) – mineralisation identified with extension of ultram
Slide 6: Conference Theme
For personal use only Conference Theme “Opportunities in Challenging Times” clearly reflects the current reality. In order to identify the “OPPORTUNITIES”, it is necessary to highlight and recognise the “CHALLENGES”, particularly those faced by small companies in the Exploration Industry. For Niugin
Slide 7: Challenges in Challenging Times
For personal use only Challenges in Challenging Times Commodity Cycle/World Economy • Depressed nickel prices – near 13 year low1 • Nickel demand driven by China whose economic outlook appears limited • Investors risk averse • Equity raising very difficult for junior explorers ??? Increasing reg
Slide 8: Outlook for Nickel Market
Outlook for Nickel Market Prices for ferrous and non-ferrous raw materials and metals remain low with nickel prices For personal use only falling 31% this year Source: Kitco Metals Prices declined primarily as a result of the decrease in demand for stainless steel in China Industry commentator
Slide 9: Outlook for Nickel Market cont
For personal use only Outlook for Nickel Market cont Large build-up of inventory in London Metal Exchange warehouses (Source: Platts McGraw Hill 20 May 2015)
Slide 10: Outlook for Nickel Market cont
Outlook for Nickel Market cont FUTURE For personal use only Nickel demand dependent upon Chinese economic activity Stainless steel will remain the driver of nickel demand although developments in battery technology (lithium ion) could see new growth opportunity China’s economic growth in the S
Slide 11: Outlook for Nickel Market cont
Outlook for Nickel Market cont FUTURE For personal use only Have nickel prices hit the bottom? Predictions of USD$21,500 per mt in 2016 and USD$22,000 per mt in 20171 Indonesian mining ban re-affirmed Philippines growth opportunities questioned New sources WILL be required 1HSBC ‘Metals &
Slide 12: Opportunities in Challenging Times
Opportunities in Challenging Times OPPORTUNITY IDENTIFICATION For personal use only Question current activities and operations: WHAT WE DO, HOW WE DO IT, WHY WE DO IT Focus: Safety Cost reduction: improve efficiencies in all areas - head office and project site External Influences Training
Slide 13: Opportunities in Challenging Times cont.
For personal use only Opportunities in Challenging Times cont. Safety • Construction work onsite: including renovations / extensions / re-roofing of existing buildings – for a safe living and working environment • Track maintenance within the project area, including all tracks servicing site and sur
Slide 14: Operational Cost Reductions/Improved Efficiencies
For personal use only Opportunities in Challenging Times cont. Operational Cost Reductions/Improved Efficiencies • Expansion of the solar system at the main exploration camp of ‘Joan’ supplementing the battery charge with a dedicated Yanmar generator on an “as needs” basis • Improved satellite commu
Slide 15: Opportunities for Future Development
Opportunities for Future Development Project Opportunities For personal use only • Extension of the Embessa air strip to 1200 metres, allowing the utilisation of larger aircraft such as the Twin Otter and Cessna Caravan allowing greater freight capacity. Improved freight capacity means improved econ
Slide 16: Drought Effects and Relief
Drought Effects and Relief Many of the rivers and streams within the tenement area have dried up or are very low For personal use only Current drought has impacted on many villages in the Safia district Niugini Nickel has been closely monitoring the impact of the drought on villages within clo
Slide 17: Re-cap on Objectives of 2014
Re-cap on Objectives of 2014 PNG Mining & Petroleum Investment Conference For personal use only NICKEL CAPABILITY - WOWO GAP OBJECTIVES Confirm high grade nickel DSO resource; Complete Feasibility Study and permitting; Develop mine, road and port infrastructure in stages; Get product to mark
Slide 18: Re-cap on Objectives of 2014: Planned Work Program
Re-cap on Objectives of 2014 PNG Mining & Petroleum Investment Conference For personal use only NICKEL CAPABILITY -PLANNED WOWO GAP WORK PROGRAM 1. Assess higher grade DSO ore Ground Penetrating Radar survey to identify limonite and saprolite boundaries: • Completed on 100 metre line spacings and
Slide 19: Re-cap on Objectives of 2014: Planned Work Program
Re-cap on Objectives of 2014 PNG Mining & Petroleum Investment Conference For personal use only NICKEL CAPABILITY - PLANNED WOWO GAP WORK PROGRAM 2. Assess infrastructure requirements for DSO operations Transport corridor – outline identified, preliminary assessment complete Transhipping facilit
Slide 20: Wowo Gap – An Investment Opportunity
For personal use only Wowo Gap – An Investment Opportunity Large, globally significant Nickel laterite JORC resource Close to proposed coastal export point Proximity of WOWO Gap Project to Asian markets Significant exploration upside in adjacent licence areas Highly experienced and innovat
Slide 21: Thank you
For personal use only Thank you
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