Resolute Mining Limited · ASX:RSG
Resolute Mining — Diggers & Dealers Mining Forum 2018
28 slides from Resolute Mining's conference presentation, Aug 7, 2018
Slide 1: The Syama Transformation Story
The Syama Transformation Story Mine Gold. Create Value. Diggers & Dealers Mining Forum | August 2018
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers This presentation contains information about Resolute Mining Limited (Resolute or the Company) and its activities that is current as at the date of this presentation unless otherwise stated. The information in this presentation remains subject to change without noti
Slide 3: Mine Gold. Create Value.
Mine Gold. Create Value. FY19 Guidance Portfolio Resources Market Landholding 300koz at 3 Mines 12.0Moz Capitalisation 5,300 ~A$1bn US$960/oz Multiple Strategic Reserves km2 (A$1,280/oz) Investments 5.3Moz 2 Note: Reserves and Resources are as at 30 June 2017 and have not been adjusted to take into
Slide 4: Recent Announcements
Recent Announcements Syama DFS Update delivers US$746/oz LOM AISC (14 year life) Ravenswood Expansion Project delivers US$823/oz LOM AISC (14 year life) Bibiani Update demonstrates ~10 year, ~100kozpa at ~US$750/oz AISC Nafolo and Tabakoroni: stunning exploration results Gold inventory upgrade beyon
Slide 5: Corporate Summary (ASX:RSG)
Corporate Summary (ASX:RSG) Capitalisation A$ US$ Price Performance and Trading Share Price $1.32 $0.98 YTD Daily Trading Averages : Volume: 6.7m / Value: A$8.1m Shares Outstanding 752.8m Market Capitalisation $994m $736m Cash, Bullion, Investments $114m $85m Debt $33m $25m Enterprise Value $913m $6
Slide 6: Clear Pathway to 500kozpa
Clear Pathway to 500kozpa Group Production Outlook (koz) • Targeting +300kozpa Syama • Focused on achieving 500 recoveries of ~90% Annual Gold Production (koz) 400 • ~115kozpa at steady state 300 Ravenswood • Staged ramp up from mid-2019 200 100 • Growth opportunity Bibiani • Targeting 100kozpa FY18
Slide 7: Syama Gold Mine
Syama Gold Mine 6
Slide 8: Syama Gold Mine
Syama Gold Mine Sub-level caving from December 2018 FY18 Summary Statistics DFS Update • Production: 194koz LOM AISC reduced to US$746/oz (from US$881/oz) • Cash Cost: A$1,196/oz (US$928/oz) UG Probable Reserve increased by 38% to 3.0Moz • AISC: A$1,286/oz (US$998/oz) • Average Price Achieved: A$1,6
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Slide 10: Sub Level Cave Mining at Syama
Sub Level Cave Mining at Syama A world class sub-level cave gold mine in the making • Controlled, high-productivity ore delivery • Full automation maximises operating efficiencies • Early access to ore without leaving a crown pillar below the open pit • A flexible method with ability to adapt cut-of
Slide 11: Syama Underground DFS Update
Syama Underground DFS Update Overview Improvements made to all aspects of Syama Redesign and rescheduling of mine plan 38% increase in UG Ore Reserves to 3.0Moz Mine life extended by 3 years to 2032 Introduction of autonomous mining Site power generation facilities improved Lower mining and processi
Slide 12: Automation in Mining and Resolute's Partnership with Sandvik
Automation in Mining and Resolute’s Partnership with Sandvik 11
Slide 13: Electric Tethered Loader
Electric Tethered Loader 12
Slide 14: Control Room
Control Room 13
Slide 15: Automation at Syama
Automation at Syama There are significant benefits associated with automation and the connected communication and information technology systems Increased machine productivity and performance Reduction in number of machines required leading to capital and maintenance savings Reduced risk and better
Slide 16: Processing Overview
Processing Overview • A series of processing upgrades have been undertaken with the objective of increasing the total sulphide gold recovery • The process upgrades included: – Flotation Tails CIL: calcine CIL circuit has been repurposed to treat the flotation tails – New Calcine CIL: a new dedicated
Slide 17: Active, Multi-Rig Exploration Program
Active, Multi-Rig Exploration Program Resolute controls 80km strike length of Syama greenstone belt 16
Slide 18: Nafolo: A Major Gold Discovery at Syama
Nafolo: A Major Gold Discovery at Syama Extension potential for existing Syama underground • Remains open in all directions • Untested to the south and at depth • All drillholes to date have intersected gold mineralisation • Nafolo mineralisation can potentially be accessed from existing Syama Under
Slide 19: Tabakoroni: High Grade UG Mine Potential
Tabakoroni: High Grade UG Mine Potential Numerous wide high grade gold intersections • Located 35km south of Syama • TARD621 returned 41m at 12.15g/t Au: displays the significant grades and widths seen in the main zone mineralisation • The current drilling program is ongoing with two diamond drill r
Slide 20: Tabakoroni: Standalone UG Mine Potential
Tabakoroni: Standalone UG Mine Potential Coherent High Grade Zones >50 gram metres Visible gold in new Tabakoroni core samples 19
Slide 21: Syama Gold Mine
Syama Gold Mine A world class fully automated underground gold mine in the making Mine Life Production AISC 14 Years +300kozpa US$746/oz 20
Slide 22: Ravenswood Gold Mine
Ravenswood Gold Mine Resolute ay
Slide 23: Ravenswood Gold Mine
Ravenswood Gold Mine Multiple open pits underpin long-term production FY18 Summary Statistics Project Study Update • Production: 90koz Significant enhancements to Ravenswood Expansion Project • Cash Cost: A$1,330/oz (US$1,019/oz) • AISC: A$1,394/oz (US$1,071/oz) All required approvals received; Buck
Slide 24: Bibiani Gold Mine
Bibiani Gold Mine Potential for a long life, high margin project with robust economics Study Update Summary Statistics Units 2018 Study 2016 Study Underground development Environmental Permit Authorisation received Ore development m 23,883 9,841 Waste development m 10,234 16,389 Mineral Resource of
Slide 25: Strategic Investments Overview
Strategic Investments Overview Objective Establish a portfolio of investments in emerging 17% stake 27% stake gold explorers to expand our project pipeline and provide a source of medium term potential growth opportunities 27% stake 15% stake Focus Equity investments in well managed African focused
Slide 26: Invest in Resolute
Invest in Resolute Transformation enables bold ambition Proven operator: Resolute has mined more than 8Moz from 9 gold mines in Australia and Africa Long life, low cost, large scale assets: 14 year life at operating assets; clear pathway to 500kozpa; AISC of US$746/oz at Syama Large and growing reso
Slide 27: Investment Case
Investment Case Syama Ravenswood Bibiani Strategic Gold Mine Gold Mine Gold Mine Investments A world class, fully automated sub-level Proven producing asset with multiple Recent feasibility study update Multiple strategic positions in highly cave gold mine on track to be delivered open pits which un
Slide 28: Mine Gold. Create Value.
See us at Booth 107 See us at Booth 107 John Welborn Level 2, Australia Place Managing Director & CEO 15-17 William St Perth, Western Australia 6000 Jeremy Meynert General Manager – T: +61 8 9261 6100 Business Development & F: +61 8 9322 7597 Mine Gold. Create Value. Investor Relations E: contact@rm
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