Resolute Mining Limited · ASX:RSG
Resolute Mining — European Gold Forum 2016
24 slides from Resolute Mining's conference presentation, Apr 19, 2016
Slide 1: Transforming world class gold assets into an outstanding business
For personal use only Transforming world class gold assets into an outstanding business European Gold Forum, Zurich, Switzerland, April, 2016
Slide 2: Resolute is a global gold producer, explorer, developer and innovator
For personal use only Resolute is a global gold producer, explorer, developer and innovator. 2
Slide 3: ASX Code RSG key corporate data
For personal use only ASX Code RSG Shares on issue 641M Share Price as at 18th April 2016 A$0.81 Market Capitalisation A$519M (US$400) Cash and Bullion as at 31st December 2015 A$75M Debt as at 31st December 2015 A$97M FY16 Production Guidance 315koz at AISC of US$940/0z
Slide 4: Transformation has started
For personal use only Transformation has started • Strengthening the balance sheet • Developing long mine life opportunities at our existing projects • Reducing All-In-Sustaining Costs (AISC) through innovation • Creating a performance based culture • Diversifying our production base • Prioritising
Slide 5: Re-rating has started
Re-rating has started For personal use only Resolute 2016 Share Price $1.60 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $- 1-Jan-16 1-Feb-16 1-Mar-16 1-Apr-16 1-May-16 1-Jun-16 5
Slide 6: Reserve and Resource inventory in peer group
Reserve and Resource For personal use only inventory in peer group 14.3Moz: 5.3Moz in Reserves and 9.0Moz in Resources ASX Peer Reserve and Resource Inventory Comparison (Moz) Reserves "Moz" 20 Resources "Moz" 15 13.9 9.0 10 5.9 6.6 8.9 5.0 5.2 6.8 5.5 7.4 5 5.2 4.1 5.3 7.3 3.8 4.0 4.5 4.4 2.0 2.3 2
Slide 7: First Half FY16 highlights
First Half FY16 highlights For personal use only Strong operating Improving financial Stronger balance Gold price leverage performance in 1H2016 performance sheet • Gold production ▲11% to • Spot gold prices • Gross profit of A$67m • Cash & Bullion on hand 153,191oz decreased • Revenue from gold sal
Slide 8: Strong production performance
Strong production For personal use only performance • 153koz produced 1H2016 vs FY2016 guidance 315koz • 159koz sold 1H2016 vs FY2016 guidance 340koz 58koz RAVENSWOOD • All-in Sustaining Costs 95koz SYAMA US$902/oz 1H2016 vs FY2016 guidance US$940/oz • Guidance for FY16 of 315koz GOLD PRODUCTION at
Slide 9: Going underground at Syama: developing a robust, long life flagship gold mine
For personal use only 1. Going underground at Syama: developing a robust, long life flagship gold mine. 9
Slide 10: Key statistics
For personal use only Key statistics RSG ownership 80% Commissioned 2009 Production ( FY15) 224,911oz Production grade 3.53g/t AISC (FY15) US$848/oz Mine life Beyond 2028 Total Reserves 3.5Moz Reserve grade 2.6g/t Total Resources 3.2Moz Resource grade 2.4g/t 10
Slide 11: Syama Gold Mine
For personal use only Syama Gold Mine
Slide 12: Current operations at Syama
Current operations at For personal use only Syama Oxide Circuit • Completed in FY15 below budget and ahead of schedule • Operating at ~1.3Mtpa throughput, ~80,000oz/pa • Oxide ore bodies optimization program • Significant further Satellite ore body potential Sulphide Circuit • Ore Stockpile of +5 mi
Slide 13: Syama: a world class ore body
Syama: a world class For personal use only ore body • Supports a robust long term underground mine life • Current underground Ore Reserve of 25.5Mt at 2.8g/t for 2.3Moz • Ore Reserves will extend mining until at least 2028 • Recent infill and deep drilling results confirm potential to enhance Reserv
Slide 14: Going underground at Syama
Going underground at Syama For personal use only A robust, long life flagship gold mine. • Underground Definitive Feasibility Study (DFS) due to be completed during June 2016 quarter: • Continuous Improvement Program underway to be incorporated into DFS • Syama Grid Connection Program included in ca
Slide 15: Ravenswood mine life extension: a strong future beyond Mt Wright
For personal use only 2. Ravenswood mine life extension: a strong future beyond Mt Wright. 15
Slide 16: Key statistics
For personal use only Key statistics RSG ownership 100% Commissioned 2004 Production (FY15) 103,773oz Production grade 2.37g/t AISC (FY15) US$973/oz Total Reserves 1.3Moz Total Resources 3.0Moz 16
Slide 17: Ravenswood Gold Mine
For personal use only Ravenswood Gold Mine
Slide 18: Mt Wright: a profitable operation
Mt Wright: a profitable, For personal use only operation • Excellent operating history at Mt Wright • Gold production in 6 months to 31 December 2015 of 58,462oz at AISC of US$822/oz • Mine life extended to February 2017 Ravenswood Gold Production 150,000 125,000 OUNCES 100,000 75,000 50,000 25,000
Slide 19: Ravenswood Extension Project
Ravenswood Extension For personal use only Project • Ravenswood Extension Project to combine and optimize all recent studies for key deposits at Ravenswood including: • Sarsfield (1.2Moz Reserve & 1.3Moz Resource) • Bucks Reef West (1.2Moz Resource) • Nolans East (50Koz Reserve) • Targeting a +10 ye
Slide 20: Bibiani: the pathway to production
For personal use only 3. Bibiani: the pathway to production. 20
Slide 21: Bibiani Underground Mineral Resource
For personal use only Bibiani Underground Mineral Resource Category Tonnes Grade Ounces Indicated 11.2Mt 3.5g/t 1.3Moz Inferred 4.5Mt 4.1g/t 0.6Moz TOTAL 15.7Mt 3.7g/t 1.9Moz 21
Slide 22: Bibiani: pathway to production
Bibiani: pathway to For personal use only production • Scoping study established a mining inventory of 4.3Mt @ 4.2g/t Au for 574,000 ounces for a 5.5 year mine life • Scoping study indicated positive gold project with low (~US$30M) start-up capital and short payback • Fully developed site with 3Mtpa
Slide 23: Why invest in Resolute?
For personal use only Why invest in Resolute? • Massive Reserve & Resource inventory • Operational expertise earned through 25+ years experience • Improving profitability • Cultural and performance transformation underway • Undervalued based on key metrics • Organic growth opportunities: • Syama Und
Slide 24: Disclaimer
For personal use only ASX:RSG | www.rml.com.au Disclaimer This presentation includes certain statements, estimates and projections with respect to the future performances of Resolute. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assumpt