Slide 1: Red Mountain Releases Corporate Presentation (ASX announcement)
ASX : RMX COMPANY DIRECTORS ASX ANNOUNCEMENT Neil Warburton Non-Executive Chairman Michael Wolley Non-Executive Director RED MOUNTAIN MINING LTD 20 June 2016 For personal use only Jon Dugdale Managing Director Shannon Coates Company Secretary RED MOUNTAIN RELEASES CORPORATE PRESENTATION Perth, Weste
Slide 2: Red Mountain Mining Ltd Corporate Presentation
For personal use only RED MOUNTAIN MINING LTD (ASX:RMX) CORPORATE PRESENTATION 20 June 2016 Batangas Gold Project, the Philippines: PFS shows strong cash-flow with high-grade discovery potential 122g/t Au 2.6m @ 28.6 g/t Au
Slide 3: Disclaimer
DISCLAIMER For personal use only Cautionary Statement The Probable Ore Reserves and the production targets in the PFS referred to in this presentation are derived from optimised and designed open pits based on Indicated Resources only. The Probable Ore Reserves provide 100% of the total planned prod
Slide 4: Red Mountain Mining: Highlights
RED MOUNTAIN MINING: HIGHLIGHTS: STRATEGY FOR LOW COST PRODUCTION & GROWTH THROUGH DISCOVERY For personal use only Batangas Gold Project JV, the Philippines: 1. Bluebird Merchant Ventures JV (RMX 75%:BMV 25%) with option to sole fund for extra US$ 1.7M 2. Pre Feasibility Study (PFS) – strong cashflo
Slide 5: Red Mountain Key Milestones
RED MOUNTAIN KEY MILESTONES: BATANGAS JV TO FUND DEVELOPMENT, TARGET PERMITTED GOLD PROJECT For personal use only The key milestones for the Batangas JV (RMX 75% : Bluebird25%) are as follows: 1. Completed PFS and maiden Ore Reserve – released 15 June 2016 2. Subject to the consent of the Philippine
Slide 6: Batangas Gold Project: Mineral Resources and Planned Project Infrastructure
BATANGAS GOLD PROJECT: MINERAL RESOURCES AND PLANNED PROJECT INFRASTRUCTURE For personal use only 120km to Manila 20km to Batangas *JORC 2012 Indicated and Inferred resource 6.19 mt at 2.2 g/t Au, 444,000oz Au released on ASX 30 June 2014 4
Slide 7: Batangas Gold Project: PFS Results June 2016
BATANGAS GOLD PROJECT: ¹PFS RESULTS 15 JUNE 2016, LOW COST, HIGH-CASHFLOW, STRONG RETURNS For personal use only • PFS shows strong operating cash-flow of A$ 74 million over initial 7 years (>A$ 10 million per year) • Maiden open-pit Ore Reserve of 128,000oz including high-grade 100,000oz at 4.2 g/t
Slide 8: Batangas Gold Project: PFS Results, Cumulative Cash-flow
BATANGAS GOLD PROJECT: ¹PFS RESULTS 15 JUNE 2016, LOW COST, HIGH-CASHFLOW, STRONG RETURNS For personal use only 50,000,000 A$ 46m cash-flow after capital → 40,000,000 30,000,000 Cumulative cash-flow 20,000,000 10,000,000 - 2.2 year payback PY 0 PY 1 PY 2 PY 3 PY 4 PY 5 PY 6 PY 7 PY 8 (10,000,000) (2
Slide 9: Lobo High-Grade South West Breccia & Japanese Tunnel Pits
LOBO HIGH-GRADE SOUTH WEST BRECCIA & JAPANESE TUNNEL PITS: CAPITAL PAYBACK FROM HIGH GRADE 6.6 G/T AU OPEN PIT PRODUCTION For personal use only ¹Released 30 /06/2014 ²Released 7/1/2014 ³Released 12/2/2014 South West Breccia and Japanese Tunnel: 4Released 2/02/2015 Resource: ¹221,000t @ 6.3 g/t Au, 5
Slide 10: Archangel: Kay Tanda Resources (Stockwork Style)
ARCHANGEL: KAY TANDA RESOURCES (STOCKWORK STYLE) OPEN PIT PRODUCTION YEARS 3 to 7 YEARS + For personal use only 8
Slide 11: Lobo Prospect: 14km Epithermal Structures
LOBO PROSPECT: 14KM EPITHERMAL STRUCTURES HIGH-GRADE OUTCROPPING RESOURCES AND BURIED TARGETS For personal use only Targets: 5 1. SWB Extension, Limestone 4 2. Signal – HG outcrop 3. Camo – buried target 3 4. West Drift - gold resources 5. Pica – gold intersections 6. Ulupong – HG trenching 1 2 6 9
Slide 12: Lobo Prospect: SWB Lode System
LOBO PROSPECT: SWB LODE SYSTEM HIGH-GRADE RESOURCE/RESERVE POTENTIAL INC. TAMARIND TARGET For personal use only *JORC 2012 Indicated and Inferred resource 6.19 mt at 2.2 g/t Au, 444,000oz Au released on ASX 30 June 2014 10
Slide 13: Lobo Prospect: Tamarind Target
LOBO PROSECT: TAMARIND TARGET HIGH GRADE TRENCHING, MAIN LODE FOOTWALL DRILLING PLANNED For personal use only 11
Slide 14: RMX Company Structure
RMX COMPANY STRUCTURE For personal use only Red Mountain Mining Ltd ASX: RMX Listed Shares (20/06/16) 2.755 bn Listed Options (RMXOA) 3c, 30/6/16 128,501,960 Listed Options (RMXOD) 0.6c 30/6/16 287,882,728 Share Price Listed Options (RMXOE) 0.37c 15/09/17 240,000,000 Listed Options (RMXOF) 0.15c 31/