30 slides from Resource Minerals International's investor presentation, Jul 27, 2005
Slide 1: = Oo
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Slide 2: Contents
Contents « Corporate Overview » Management Team « Corporate Profile/Focus « Argyle Iron Ore Project « Deposits & Mining Concept « Road Transport & Port Facilities « Ravensthorpe Iron Ore Project « Wowo Gap Laterite Nickel Project (PNG) » Summary
Slide 3: Corporate Overview
Corporate Overview Market Information (June 30) RESOURCE MINING CORPORATION Market Capitalisation $33m Shares on Issue 277m Options ($0.20 exp June 06) 235m Cash $2.2m Strategic Shareholders M Lewis (Vendor Escrow) 12.6% Mt Gibson Iron 10.4% Stemcor Australia 5.1% Sinom (Hong Kong) 5.1% Anchorage Ho
Slide 4: Ed Edwards - Managing Director
Ed Edwards- Managing Director « Ed Edwards is a Chartered Accountant with a Bachelor of Commerce from the University of Western Australia. He is a fellow of The Australian Institute of Company Directors. * Ed was a partner at Hendry Rae & Court (now Grant Thornton) until 1989 having joined that firm
Slide 5: Warwick Davies — Technical Director
Warwick Davies — Technical Director + Warwick Davies, self employed Marketing Consultant with forty years experience in the Iron and Steel Industry including a variety o technical and commercial roles with BHP Steel (Newcastle and Whyalla), Hamersley Iron (Dampier) and Robe River Mining Co (Cape Lam
Slide 6: Chris Robinson — Geological Consultant
Chris Robinson — Geological Consultant ¢ Chris Robinson — Principal Consultant, Hematite Consultants Pty Ltd. * Chris has over 30 years involvement in the Australian and international iron ore industry, including senior technical, operating, management and customer liaison roles. * Hematite Consulta
Slide 7: RMC — Corporate Profile
RMC — Corporate Profile ¢ Product Portfolio * Iron Ore WA: Argyle (Kimberley), Ravensthorpe (South West) * Nickel: WoWo Gap (PNG) * Strong diverse group of major shareholders with background in: * Mining * Banking * Steel and Iron Ore trading * Ship chartering ¢ tron Ore Focus * Argyle Iron Ore Proj
Slide 8: RMC — Iron Ore Competitive Advantages
RMC — Iron Ore Competitive Advantages * ARGYLE IRON ORE * Proximity to market * Matching of load port to discharge ports conditions * Matching of Ore quality to customers blend requirements * Sole Iron Ore producer in the region * Region seeking economic development * RAVENSTHORPE * Proximity to exi
Slide 9: RMC — Iron Ore Development Strategy
RMC — Iron Ore Development Strategy - DSO - DIRECT SHIPPING ORE MINIMAL PROCESSING REQUIRED «+ PRODUCTS - LUMP and FINES INSTANT MARKET ACCEPTANCE * GRADE - DICTATES TARGET CUSTOMERS SEEK TO BE A COMPLIMENTARY ORE WITHIN TARGET CUSTOMERS ORE MIX * MARKET - NICHE MARKET CUSTOMER LOYALTY DEVELOPED THR
Slide 10: RMC — W.A. Competitor Analysis
RMC — W.A. Competitor Analysis * Geraldton Mt Gibson Iron Limited* Exporting Tallering Peak via Geraldton, Mt Gibson (Extension and Iron Hills) to follow Murchison Metals Plan to export Jack Hills Ore via Geraldton Mid West Corporation Plan to export Koolanooka & Jack Hills Ore via Geraldton Gindalb
Slide 11: ARGYLE — Competitive Advantages
ARGYLE — Competitive Advantages * Simple operation ¢ Ultra low strip ratio ¢ Minimal capital cost ¢ Under utilised port * Road transport conditions favourable * Region seeking economic development * Development support from Government (Federal/State/Local) and local community
Slide 12: Iron Ore Deposits - Exploration History
lron Ore Deposits- Exploration History « The Argyle Iron Ore Project is based on the supergene-enriched iron ores within the Golden Gate Siltstone north of Turkey Creek. « The mineralisation was identified during the late 1950’s and investigated during the 1960’s and early 1970’s when exploration te
Slide 13: Exploration License 80/2389
Exploration License 80/2389 fy
Slide 14: Deposit Geology
Deposit Geology The iron mineralisation at « Economic mineralisation the Argyle iron ore deposits has formed through is located within the lower supergene enrichment part of the Golden Gate (leaching of silica etc) of Siltstone, a 50m thick the original ferruginous sedimentary unit in the sandstone.
Slide 15: Looking South Along Sam Deposit
Looking South Along Sam Deposit a
Slide 16: Diagrammatic Section - Sam Deposit
Diagrammatic Section- Sam Deposit 11.3m @ 63.3% Fe aim @ 61.9% Fe | brn @ 89.2% 4.7m @ 01.0% Fe Amn @ 50.5% Fe nos Drill hole data from 1960’s Kanematsu Gosho drilling
Slide 17: Resource Evaluation
Resource Evaluation « Previous sampling and drilling is insufficient for evaluation of the resource for today’s markets. « An evaluation program has been implemented by RMC which includes: « Stage 1: RC drilling at 200m x 40m centres across the area of known high grade resource. « Stage 2: Prelimina
Slide 18: Mining Concept — 1.5M/tpa
Mining Concept — 1.5M/tpa « Minimal overburden, ore horizon dips 10 to 15 degrees to East. Waste to Ore Ratio < 0.5:1 » Contractor Operation « Front End Loader, 45/50 ton trucks, small excavator « Crushing & Screening operation at mine » Mine Operations single-shift, 5 days per week « Ore haulage to
Slide 19: Argyle Deposits - Aerial Photographs
Argyle Deposits- Aerial Photographs ae es oe i 1 : | : f oR | i rs ae : ee Poca pO dee
Slide 20: Road Transport
Road Transport « Ore hauled from mine to Port of Wyndham in Road Trains (triple trailer belly dump combinations) carrying approximately 100 tons per load. « Road conditions are excellent with a wide two lane sealed carriageway from within 7 km of mine to Port. « Potential road closures may occur 3 o
Slide 21: Port Operations — Existing Facilities
Port Operations — Existing Facilities Port is located in a calm, well protected area. « The existing Port of Wyndham is under-utilised, seeking development, and additional throughput. « Current Port facilities are restricted in loading and sailing drafts. « The existing shiploader and wharf are unsa
Slide 22: Wyndham Port - Proposed Facilities
Wyndham Port- Proposed Facilities + Adjacent to existing wharf and about 50m from shore is an area of water 18m deep. * A-simple shiploading structure dedicated to iron ore can be constructed to this deep water ina straight line from stockpile area. + Avery large stockpile area is available. + Area
Slide 23: Argyle Summary
Argyle Summary « Potential for significant tonnage of high grade hematite ore « Very low stripping ratio —Low mining costs » Low capital cost - no rail line required, road haulage used to existing highly under-utilised port. » Close proximity to markets and shipping » Resource/reserve complete Novem
Slide 24: Ravensthorpe — Competitive Advantages
Ravensthorpe — Competitive Advantages « Significant exploration / development potential « Hematite mineralisation thought to be typical of YILGARN Iron Ore » Close proximity to existing infrastructure « Established deep water Iron Ore export port at ESPERANCE, approx. 140km by good quality sealed ro
Slide 25: Ravensthorpe — Iron Ore
Ravensthorpe — Iron Ore . Data collected to date « Aerial Photography « Detailed Aeromagnetics « Satellite Imagery « Historic 1:25,000 scale Geological Mapping «» Planned « Complete detailed Geological Mapping of tenements by end of August « Plan exploration drilling program to begin on completion o
Slide 26: Ravensthorpe Tenements on Magnetics
Ravensthorpe Tenements on Magnetics
Slide 27: Other Projects - WOWO Gap
Other Projects- WOWO Gap » WOWO Gap — Nickel/Cobalt Project « Located 200km East of Port Moresby and 35km from coast of Collingwood Bay. « Mineable resource of 48.8Mt @ 1.22%Ni and 0.084%Co, estimated as approx 30% of the potential resource. « Recent drilling, (May 2004) assays to 1.81% Ni in the Li
Slide 28: WOWO Gap
WOWO Gap * Outline is extent of Laterite mineralistion from drilling ve “sR LANESATS HAGE
Slide 29: Nickel Projects - Comparison
Nickel Projects- Comparison 3°71 High Grad / Voiseys High Grade/ ade: Bay Large Resource Small Resource Kabanga mg Koniambo @ laterite 20+ Barro Alto @ Sulphide a = D Weda Bay Goro & Loma de Niquel : Nakety a Musongati oO a va a Nonoc Gag Island m Sipifou ¥ | 7 Coral Bay Ambatovy S PI Ramum m@ Marlb
Slide 30: ABN
ABN Registered Office Postal address Telephone Facsimile ASX Code Email 97 008 045 083 702 Murray Street West Perth WA 6005 702 Murray Street West Perth WA 6005 61 8 9213 9400 61 8 9213 9444 RMI rmc@resmin.com.au