Resolute Mining Limited · ASX:RSG
Resolute Mining — Denver Gold Forum September 2007
28 slides from Resolute Mining's conference presentation, Sep 25, 2007
Slide 1: ASX Announcement: Chief Executive Officer Presentation
For personal use only ASX ANNOUNCEMENT CHIEF EXECUTIVE OFFICER PRESENTATION Attached is a copy of the Chief Executive Officer’s presentation to be given at the Denver Gold Forum today. For and on behalf of the Board GREG FITZGERALD Company Secretary 25 September 2007
Slide 2: Denver Gold Forum September 2007
DENVER GOLD For personal use only FORUM SEPTEMBER 2007 http://www.resolute-ltd.com.au
Slide 3: Substantial & Growing Gold Producer
SUBSTANTIAL & GROWING GOLD PRODUCER For personal use only n Strong Gold Fundamentals l Reserves ~3m ozs l Total Resources ~10m ozs l Two Mines, Production ~300,000 oz pa l Significant Development In Progress l Active Exploration, Prospective Tenure
Slide 4: Resource Profile
RESOURCE PROFILE (000ozs, 2006) For personal use only 12000 10000 8000 Exploration 6000 Development 4000 Operations 2000 0 Reserves Total Resources
Slide 5: Strong Organic Growth
SUBSTANTIAL & GROWING GOLD PRODUCER For personal use only n Strong Organic Growth l Major Development Phase l Involves Over 50% of Reserve Base l A$215m from July 06 – July 08 l Syama ~A$45m Spent l Mt Wright ~A$30m Spent
Slide 6: Production Profile
PRODUCTION PROFILE (indicative attributable production, 000ozs by FY) For personal use only 600 500 400 Syama 300 Ravenswood Golden Pride 200 100 0 2007 2008 2009 2010
Slide 7: Corporate Summary
CORPORATE SUMMARY Capitalisation For personal use only Issued Shares: 231.1 million Unlisted Options: 2.2 million 6 mth Price Range: A$1.89 - $1.22 Avg Monthly T/O: 8.1 million Market Cap: A$360 million Board of Directors Peter Huston – Non Exec Ch Peter Sullivan - MD Major Shareholders Tom Ford – N
Slide 8: Syama
For personal use only SYAMA
Slide 9: Syama: Major New Asset
SYAMA For personal use only n Major New Asset n Resolute 80% Mali Govt 20% n Significant Resource – 6m ozs n Additional 250,000+ ozs pa of Production n Potential for 10+ Year Operation
Slide 10: Syama Cross Section
105m @ 3.65 Resource at 1 git cutoff [EI Reserves in Design Pit HEI Fosse Undergcune Ow 46n@ 15th 12m @ 3.0 ot Bs Footwall Zone SYAMA Cross Section 23485 mN
Slide 11: Syama Economics (Feb 07)
SYAMA Economics (Feb 07) For personal use only n Reserve 1.6 m ozs n Production ~250,000 ozs pa n Average Cash Cost US$370/oz n Capex US$118 million n Net Cash Return* US$155 million n IRR* 22.4% * Gold US$600/oz, 6% Royalty
Slide 12: Syama Metallurgy
SYAMA Metallurgy For personal use only Issues - Carbonaceous - Refractory BHP Design Randgold Design Resolute Design §Whole of Ore Roast §Whole of Ore Roast §Concentrate Roast §Carbonate Host Rock §Concentrate Feed §Scrubber for SO2 for SO2 Capture §Carbonate Host Rock Capture §Dry SAG Milling for S
Slide 13: Syama Progress
SYAMA Progress For personal use only n Fiscal Terms Settled n Construction in Progress n Plant Design Completed n Procurement Advanced n Key Operating Staff Recruited n Gearing Up for Mining n Oxide Production 1H 2008 n Sulphide Production 2H 2008
Slide 14: Syama Drill Intercepts
SYAMA Six km of strike subject to Free Milling Ore For personal use only systematic drill testing – consistent results over more than 1.5km length north of the A21 pit Recent Reverse Circulation & Aircore Drill Intercepts Strong results over 1.6 km of strike, mineralisation still open to north, sout
Slide 15: Syama Exploration
SYAMA Exploration For personal use only Project Areas Regional Aeromagnetics and Prospects Strong exploration commitment to a poorly explored and very prospective gold belt with a strike length of over 75km under Resolute control
Slide 16: Ravenswood
For personal use only RAVENSWOOD
Slide 17: Ravenswood: Mt Wright Feasibility
RAVENSWOOD Mt Wright Feasibility For personal use only n Recoverable Gold 650,000 ozs n Production Target 1.0 mtpa n Average Cash Cost A$340/oz n LOM Capex A$77m n Treated Through Nolans Plant
Slide 18: Ravenswood: Mt Wright Development
RAVENSWOOD Mt Wright Development For personal use only n Decline Progress 3.4km n 2 Stopes Developed n On Schedule n Costs in line with Feasibility n Development Drilling Shows Higher Tonnes n Good Recovery at Plant
Slide 19: Ravenswood Operations
RAVENSWOOD Operations For personal use only n 06/07 – 117,521 ozs @ Cash Cost A$781/oz n Sarsfield Eighteen Months Life n Mt Wright Integration n Plant Changes n Improved Production Forecast n Cash Cost Decrease
Slide 20: Ravenswood Exploration
RAVENSWOOD Exploration For personal use only Exploration Targets 2008 Ravenswood Regional Exploration is now gearing up as historical data compilation and reconaisance work is completed and drill testing of high priority targets begins
Slide 21: Golden Pride
For personal use only GOLDEN PRIDE
Slide 22: Golden Pride Operations
GOLDEN PRIDE Operations For personal use only n 06/07 – 138,423 ozs @ Cash Cost US$403/oz n Pit Re-Optimisation Finalised n 6 Year Production Life n New Mining Contractor n Production Improvement Forecast n Cash Cost Decrease
Slide 23: Golden Pride Development
GOLDEN PRIDE Development For personal use only n Potential Pit Life Extension n 0.4m resource ozs n Deeper Pit n South, West and Eastern Extensions n Nyakafuru JV (66%) n 0.7m resource ozs n 120kms from GP
Slide 24: Golden Pride Regional Exploration
GOLDEN PRIDE Regional Exploration For personal use only Buzwagi Location and Tenure Golden Pride Resolute Tenure Nzega Greenstone belt (mapped) Interpreted Shear Zone 20km Consolidating tenure around Golden Pride and exploring under shallow cover with new exploration tools
Slide 25: Strong Commitment to Exploration
EXPLORATION For personal use only n Strong Commitment to Exploration n Key to Adding Value at Existing Assets n Budget for 2008 – A$10 million n Expenditures On Very Prospective Tenure l Mali l Tanzania l Ravenswood
Slide 26: Hedging Profile
HEDGING PROFILE (indicative production, 000ozs by FY) For personal use only 600 500 400 Production 300 Hedging 200 100 0 2008 2009 2010
Slide 27: Corporate: Very Active Year
CORPORATE For personal use only n Very Active Year n 06/07 Profit After Tax $170m n Cash $67m (30/06/07) n Finalising Funding of Development Activities n Value Add Opportunities
Slide 28: Summary
SUMMARY For personal use only n Gold n Experienced Operator n Strong Growth Phase n High Leverage to Gold Price