15 slides from Resource Minerals International's investor presentation, May 17, 2013
Slide 1: Wowo Gap Nickel Laterite Project
For personal use only Wowo Gap Nickel Laterite Project Papua New Guinea Resource Mining Corporation
Slide 2: Disclaimer
Disclaimer 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 inducement to For personal use only make an offer or invitation wi
Slide 3: Access
Wowo Gap – Nickel Laterite Project ACCESS For personal use only • Helicopter direct to site – 3 landing locations • Fixed wing to Embessa or Obea (1,000m grass airstrips) + 1 day walk to site • Canoe from Popondetta approx 1 day
Slide 4: Resource Drilling Program - Exploration Summary
Wowo Gap – Nickel Laterite Project Resource Drilling Program - last core drilling 2011 For personal use only Exploration Summary 8,948,000 mN 8,947,000 mN • 295 holes drilled • 200 metre spacings 8,946,000 mN • 12 km strike length 8,945,000 mN LEGEND • 70% of holes Ni >1.0% Previous Wacker Drill Hol
Slide 5: Mineral Resource Statement
Wowo Gap – Nickel Laterite Project Mineral Resource Statement For personal use only • Current Resource - Indicated 72MT @ 1.03% Ni and 0.07% Co plus Inferred 53MT @ 1.09% Ni and 0.06% Co Project Drilling History • Independent verification Type Year Drill Company No Holes Core Size Metres Drilled of:
Slide 6: Resource Estimate By Ni Grade
Wowo Gap – Nickel Laterite Project Wowo Gap Resource Estimate By Ni Grade For personal use only 0.8% Ni cut off grade 1.0% Ni cut off grade 1.2% Ni cut off grade Indicated + Inferred: Indicated + Inferred: Indicated + Inferred: 125Mt @ 1.06%Ni 63Mt @ 1.23%Ni 25Mt @ 1.43%Ni
Slide 7: Ore mineralogy – Saprolite and Limonite
Wowo Gap – Nickel Laterite Project Ore mineralogy – Saprolite and Limonite For personal use only Saprolite Limonite Sample ID Sample ID 4- 864 FLUORITE, SYN 4- 864 FLUORITE, SYN 30 27- 1276 CLINOCHRYSOTILE 17- 536 GOETHITE 2- 100 ANTIGORITE 13- 558 TALC-2M 82- 1837 LIZARDITE 5 85- 1053 QUARTZ - SYNT
Slide 8: Metallurgical Testwork
Wowo Gap – Nickel Laterite Project Metallurgical Testwork For personal use only Testing: Amdel – Perth metallurgical laboratory HPAL chosen route Limonite X Saprolite Feasibility Study demonstrated questionable HPAL project economics based on: • Nickel Price • Project CAPEX • Economics of processing
Slide 9: Alternative Process Technology
Wowo Gap – Nickel Laterite Project Alternative Process Technology For personal use only A. Investigated Alternative Inorganic Acids – patented process, expensive process entry costs B. Organic Acid Leach – Alternative process option? Metal Extraction Results From Test Work Nickel Cobalt Ni Co Initia
Slide 10: Future Development Options
Wowo Gap – Nickel Laterite Project Future Development Options For personal use only Mine – ship ore Mine + part process – ship product Mine + full process – ship nickel Limited Infrastructure: No Electricity Network Electricity Challenges - Remote - No existing power infrastructure - No gas -
Slide 11: Hydro Electricity Power Potential
Wowo Gap – Nickel Laterite Project Hydro Electricity Power Potential For personal use only Requirements: • Regular water supply • Sustained water flow • Adequate “head” RMC Team has identified two waterfalls with all 3 requirements adjacent to the Wowo Gap deposit Advantages: • Run-of-river • No dam
Slide 12: Hydro Electricity Power Potential
Wowo Gap – Nickel Laterite Project Hydro Electricity Power Potential For personal use only Located 2 options: 50 metre fall 250 metre fall Basic measurement to determine: 1. Velocity of a body of water 2. Cross-sectional area of a ‘slice’ of stream (in velocity measurement section) 3. Flow of th
Slide 13: Social Engagement
Wowo Gap – Nickel Laterite Project Social Engagement For personal use only Logistics - +280 casual employees involved in the process Taruma Water Supply – RMC provided 4.5km of pipe fittings, pressure relief systems and labour for water supply Obea and Embessa Schools – RMC provided equipment and sp
Slide 14: Social Responsibility
Wowo Gap – Nickel Laterite Project Social Responsibility For personal use only Social Mapping – detailed social mapping of local tribes, clans and sub-clans well advanced Responsibility – Community/Employees Health Worker and Health Support Environmental survey completed – dynamic issue, regular mai
Slide 15: Thank you for your attention
Wowo Gap – Nickel Laterite Project For personal use only ON BEHALF OF RESOURCE MINING CORPORATION LTD THANKYOU FOR YOUR ATTENTION