Resource Minerals International Ltd · ASX:RMI
Resource Minerals International — Resource Mining — Investor Presentation (October 2006)
17 slides from Resource Minerals International's investor presentation, Oct 24, 2006
Slide 1: Renounceable Rights Issue
nounceable ee 7 i IT: ee Le i | y yy
Slide 2: Disclaimer
Disclaimer . This presentation has been prepared by Resource Mining Corporation Limited ("Company") in connection with the . ~ : proposed pro-rata renoucenable rights issue to existing shareholders of 85,508,562 fully paid up ordinary new shares in Resource Mining Corporation Ltd on the basis of one
Slide 3: Corporate Overview
Corporate Overview _ ‘ISSIR ARE CAF PITAL : 342,034,250 shares on issue 85,508,562 this rights issue. . Market Capitalisation (342m shares $0.036) - MAJ JOR § SHAREHO LDERS “Mining © Mount Gibson Iron Limited ~ Sibel Wor Ore Tragers ~Sinom (Hong Kong) Limited Dominant Holdings : Anchorage (Hong Kong
Slide 4: Share Price Performance
Votume('000) Share Price Performance Price (8) 44,000,000 4 42,000,000 + $0,000,000 + 8,000,000 + 6,000,000 + 4,000,000 > 2,000,000 + Owe PAT TARGA 12 months
Slide 5: Major Projects
Major Projects wowe GAI oo) P. Nickel laterite deposit > Inferred Resource 120mt at 4 2% Ni, 0. 1% Co | > Potential to significantly expand resource tonnage > Funds being raised to conduct: _ further resource definition work ARGYLE IRON ORE (75%) - > Haematite/plus Magnetite potential > Inferred Res
Slide 6: Rights Issue
Rights Issue oe 41 for 4 renounceable rights i issue * price of 2.3 cents . ee <6 raise $1,966,697 Share Capital === Cash (M/shares) |: ($M) | At30September | B420000¢~¢«~* Rightsissue SK 2.0 Total RT 2.9
Slide 7: Mining Projects
Mining Projects @ Large Scale Mine ® Medium Scale Mine @ Small Scale Mine @® Possible Large Scole Mine ® Possible Medium Scale Mine EL ® csergus SS pakive yeaineen = Sune 2 Manus: Hew ELAN eons . ~ ay Bh 5 wernmennsegh ty J” SK — © ed NIE Ee ‘Sinivit a — 7 — ~. @)Kainantu ava eae ; casrevennrans i w
Slide 8: Inferred Resource of 120mt at 1.20% Ni and 0.1% Co
‘Inferred Resource of. “120mt at 1.20% Ni and 0. 1% Co : +. ~up.to.1.81% Niin the limonite zone and up to "2.34% Niin the. ~ ~ underlying ‘saprolite material oe : ‘Higher grade saprolite mineralisation. not fully > assessed at depth. ; ’ : . . . Open to South West + Potential to increase ed resource
Slide 9: Nickel Price Fundamentals
Nickel Price Fundamentals cs 66% of world’s nickel consumed in stainless steel. > . Laterite hosted nickel now accounts for over. 40% of : . global production : + -Rising demand and low inventory levels continue to ae support higher nickel price . Future nickel supply will become increasingly relian
Slide 10: Argyle Iron Ore Project
Argyle Iron Ore Project | Wyndham , ' “ : ay il, “Kununurra a a Argyle | Project , f é a ve ~S es r }
Slide 11: Argyle Iron Ore Project
Argyle Iron Ore Project » Mineralisation dips 10° to 15° to east > Low waste stripping ratio <0.5:1 >» Contractor operation, 45/50 tonne trucks, small front end loader PROCES SING : > Contractor crush/screen . TRUCK » 170km road haulage to Wyndham : Port PORT Oe > Open air stockpiles. - > New loadin
Slide 12: Argyle Iron Ore Equity Partner
Argyle Iron Ore | 7 Equity Pa riner : +» Small to medium Chinese steel mill being sought as JV Partner aoe "Privately owned mill with ore ‘supply quality linked to Argyle quality : * Steel mill off-take provides guaranteed source of iron ore supply ed : Interest already shown by candidate mills with
Slide 13: Other Projects
Other Projects : : QUEENSL AND - THREE RIVERS and GREENVALE : So Joint Venture with Straits Resources * Straits earning 70% by spending $1; 070, 00 over 3 years. “© Entitled to earn.an additional 20% by spending $700, 000 over.a further. 2 years . Nickel laterite : Mus SGRAVE — BLACKSTONE RANGE | WA
Slide 14: Use of Funds
Use of Funds se 1 for 4 renounceable rights i issue oe price of 2.3 cents + to raise $1,966,697 {Wowo Gap ~ $980,000) Argyle Iron Ore one $ 250,000 Costoflssue $224,000) Working Capital Increase ——s—~S=«&S 12,897 = . Total nny a ensnsutnennewsntn y wninutninsntnen = $ 1,966, 697.
Slide 15: Use of Funds
Use Funds [Wowo GAP (100%) |_| ARGYLE IRON ORE (75%) ie Radar (GPR) and |e Complete mining ~ 1s | Magnetics geophysical scoping study | survey - a eee iE *. Diamond drilling |. © ‘Whole of tenement’ _ poe SESSA, pale exploration potential | : me review - + Resource upgrade —s«:- Attract joint ventur
Slide 16: Timetable
‘Timetable Lodge Prospectus with — ASICIASX | 24 October .| Ex Date — Rights trading = 27 October oS commences ares Record date 2 November Dispatch Prospectus . 8 November | i [Se Sonn oneness Rights trading ends 15 November _ Closing date — rr _ ~ 22 November
Slide 17: Summary
Summary : A CHANGE OF EMPHASIS FOR RMC. ~ > Nickel opportunity at Wowo Gap has the potential to add great value » The Directors. believe that worldwide demand for: nickel (and thus. prices) should remain high- > The Company intends to focus more on Wowo Gap with a programme : that will increase our
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