Resolute Mining Limited · ASX:RSG
Resolute Mining — Africa Down Under Conference 2010
22 slides from Resolute Mining's conference presentation, Sep 1, 2010
Slide 1: Africa Down Under Conference Presentation
For personal use only 1 ASX ANNOUNCEMENT 1 SEPTEMBER 2010 AFRICA DOWN UNDER CONFERENCE PRESENTATION Attached is a copy of the Chief Executive Officer’s presentation to be given at the Africa Down Under Conference this morning (Western Standard Time). For and on behalf of the board GREG FITZGERALD Co
Slide 2: Africa Down Under: Going for Gold - Production and Reserve Growth
For personal use only AFRICA DOWN UNDER 1-3 September 2010 g for GOLD - Production and Reserve Growth Going
Slide 3: Resolute Mining Limited
For personal use only RESOLUTE MINING LIMITED • ASX listed, predominantly African gold producer • World scale gold resource base • Experienced mid tier gold producer • Flagship Mali operation now ramping up to full production • Producing gold mines in Queensland and Tanzania • P d ti growth, Product
Slide 4: Corporate Summary
For personal use only CORPORATE SUMMARY Capitalisation Board of Directors • Issued Shares (ASX: RSG): 392 million • Peter Huston Non Exec Chairman • Issued Options (ASX: RSGO): 96 million • Peter Sullivan Managing Director • Tom T Ford F d N E Non Executive ti DiDirector t • Issued Con Notes (ASX: R
Slide 5: Gold Credentials
For personal use only GOLD CREDENTIALS • Production: 352,303 ozs, FY10 Diversified, 3 Operations 2nd Largest on ASX • Reserves: 2.5m ozs* Total All Resources: 9.4m 9 4m ozs ozs* • Development: Resource - Reserve Conversion Advanced Projects • Exploration: West Africa, Australian • Hedging: 140kozs @
Slide 6: Syama
For personal use only SYAMA • Major Asset of Resolute ( Resolute 80%, Mali Govt 20%) • Located in Southern Mali • Over 6 million ozs • Production of 250,000+ ozs pa @ US$480/oz US$480/ • Potential for 10+ Year Operation • Emerging World Class Gold Province
Slide 7: Syama Operations
For personal use only SYAMA OPERATIONS • Reserves 1.6 Mozs • Cut back ~12 Months Remain Before Main Ore Zone Accessed (+3g/t) • FY10 Gold Production 77,976 ozs @ Cash Cost US$1001 • Treatment Circuit Validated • Programme to Expedite Completion of Ramp Up to Throughput Target 2.4 Mtpa Showing Good P
Slide 8: Syama Underground
SYAMA UNDERGROUND For personal use only Target Zone for Infill Drilling 2011 • Underground Resource +3.0M ozs • Decline From Pit • 2007 Underground Scoping Study Positive Result to 100m Below Pit • Infill Drilling Planned for Resource to Reserve Upgrade
Slide 9: Syama Near Plant Oxide Ore
SYAMA NEAR PLANT OXIDE ORE For personal use only A21 - Quartz Vein Hill Oxide mineralisation over 6 km A21 & QVH 601,000 601 000 oz • Over 1.0m ozs Near Plant resource Oxide Resource Discovered Alpha/Syama Extension • Add dd Free ee Milling gCCircuit cu t Alpha 101,000 oz resource Deliver Extra ~80
Slide 10: Syama Exploration
9 SYAMA EXPLORATION For personal use only SYAMA SOUTH Tellem : RC drillingg on 50-100m traverses. Best intercepts to date: 18m @ 35.0g/t Au, 17m @ 8.3g/t Au and 18m @ 10.5g/t Au. Continuous mineralisation over 4000m Paysans: Broad spaced (200m) aircore traverses. Best results to date: 11 m @ 3.17g/t
Slide 11: Syama Grid Power Connection
For personal use only SYAMA GRID POWER CONNECTION • West African Power Pool interconnection with Cote d’Ivoire • Grid to be commissioned in Sikasso Syama early 2011 • Current diesel power generation costs ~1/3 of cash costs • Connection will substantially reduce consumable bl and d maintenance i t c
Slide 12: Syama Exploration
For personal use only SYAMA EXPLORATION • Located in prolific West African Birimian Greenstone Belt • Tenure covers ~ 75 km of the highly prospective and under explored Syama Shear • Resolute R l t exploration l ti d delineated li t d over 1.5M ounces at a discovery cost ~ US$5 per ounce • Actively
Slide 13: Cote d'Ivoire Exploration
For personal use only COTE D IVOIRE EXPLORATION • Focus on the under explored World Class Birimian Terrains of West Africa • 10,000 sqkm of granted /under application permits across CDI covering over 200km of Greenstone B lt NE off Bonikro Belts B ik • Broad scale 1km x1km multi element sampling p g
Slide 14: Ravenswood
For personal use only RAVENSWOOD • Located in north east Queensland • Resolute holds a 100% interest in the project p j • Over 1.3 million ounces in Reserves and Resources • FY10 production yielded 125 125,652 652 ozs @ Cash Cost A$803/oz • Mt Wright ore production and underground development increa
Slide 15: Mt Wright
MT WRIGHT For personal use only • Reserve 500 500,000 000 ozs • Decline Progress over 550m Vertical • Mining Ramp Up with Sub Level Shrinkage Method Established • G d IImproves with Grade ith Depth D th • Production target 1.0mpta @3.5g/t for ~100,000 , ozs ppa for 5 yyears • Cash Costs ~ A$600/oz •
Slide 16: Welcome Breccia JV
For personal use only WELCOME BRECCIA JV • New Discovery Near Ravenswood Plant • WED003 intersected a spectacular 113m @ 7.7g/t Au from 316m including 19m @ 31.3g/t Au from 401m • WED007 intersected 55m @ 10.5g/t Au from 420m including 14m @ 21 21.8g/t 8g/t Au from 425m • Mineralisation is plunging
Slide 17: Golden Pride
For personal use only GOLDEN PRIDE • Located in Tanzania, East Africa • Resolute holds 100% • 300,000 ounces in Reserves • FY10 production yielded 148,675 ounces @ Cash Cost US$520/oz • Mining to Final Pit Design, 2 Year Production Life • Mine Planning for near pit deposits • Exploration focus for l
Slide 18: Resource Growth
For personal use only RESOURCE GROWTH Expenditure primarily aimed at expanding resource and reserves within trucking distance of current operations Resource - Reserve Conversion • Syama Underground M&I Resource to Reserve. • Syama Satellite M&I Resource to Reserve • Mt Wright Indicated Resource to R
Slide 19: Development
For personal use only DEVELOPMENT Project Development • Tanzania – Nyakafuru, Nyakafuru RSG 100%, 100% 1.0m 1 0m ozs Feasibility Stage • Mali – Syama, RSG 80%, Free Milling Study and Expansion Feasibility Stage • Mali – Finkolo, Etruscan JV, RSG 60%, 0.8 m ozs Feasibility Completed • Mali – Grid Pow
Slide 20: Production Profile
For personal use only PRODUCTION PROFILE 500 • Good Production Profile 450 400 350 300 • Falling Cash Cost 250 200 150 100 • Strong Cash Generation 50 0 2009 2010 2011 2012 (A) (A) (F) (F) • Significant Liability Reduction to Dec 11 – Hedge Book Closed Out Sept 11 $80m Syama Mt Wight – Secured Debt
Slide 21: Summary
For personal use only SUMMARY • Strong gold production profile • Quality gold portfolio with excellent exploration potential • High leverage to gold price movements • Anticipate significant cash flow generation over the next 4 years • Syama key driver of shareholder return • Strong base for further
Slide 22: Thank You / Disclaimer
For personal use only 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 assumptions m