Slide 1: Chief Executive Officer's Presentation at Denver Gold Forum
ASX Announcement For personal use only 24 September 2013 01 CHIEF EXECUTIVE OFFICER’S PRESENTATION AT DENVER GOLD FORUM Attached is a copy of the Chief Executive Officer’s presentation given at the Denver Gold Forum. GREG FITZGERALD Company Secretary
Slide 2: Denver Gold Forum
For personal use only DENVER GOLD FORUM DENVER CHIEF EXECUTIVE OFFICER PETER SULLIVAN 23 SEPTEMBER 2013
Slide 3: A Proven Gold Producer
A PROVEN GOLD PRODUCER For personal use only One of the largest gold producers listed on ASX Operating assets across Africa and Australia FY2014 guidance of 345,000oz at A$890/oz 100% unhedged – strong leverage to gold price Profitable and cash generating over wide gold price range Conservative bala
Slide 4: 25th Year of Gold Production with Long Term Presence in Africa
25th YEAR OF GOLD PRODUCTION WITH LONG TERM PRESENCE IN AFRICA For personal use only FY13 435Koz at A$811/oz Producing gold in Africa Ahead of guidance 500,000 since 96/97 450,000 400,000 Consistent 350,000 gold producer since 1989 300,000 ounces 250,000 200,000 150,000 100,000 50,000 0 Australia Af
Slide 5: Corporate Overview
CORPORATE OVERVIEW For personal use only Key Information ASX Code RSG Shares 641M Last Share Price1 $0.66 Market Cap1 A$422M Daily Turnover2 4.3M shares Cash/Bullion/Liq Inv3 A$71M Debt3 A$92M Hedging NIL Shareholders ICM 33.1% Van Eck 7.4% 1. Current at 20 September 2013 2. Average FY2013 3. As at
Slide 6: FY2013: Strong Financial Performance Through Gold Cycle
FY2013: STRONG FINANCIAL PERFORMANCE THROUGH GOLD CYCLE For personal use only § Gold production up 9% to 435,855oz at A$811/oz § Revenue increased 7% to $619M at average gold price received of A$1,562/oz (FY12: A$1,627/oz) § Reported NPAT of $85M, after non-cash impairment charges of $79M − Impairme
Slide 7: Focus on Cash – Optimising the Business
FOCUS ON CASH – OPTIMISING THE BUSINESS For personal use only Operating versatility and cash generating for wide range of gold price movements Review of Syama life of mine plans with remaining expenditure on Syama expansion critically evaluated Ongoing drive to reduce operating cost base Senior mana
Slide 8: Australian Gold Company with African Focus
AUSTRALIAN GOLD COMPANY WITH AFRICAN FOCUS For personal use only SNAPSHOT OF RESOLUTE 7
Slide 9: Syama - A Profitable Long Life Project
SYAMA - A PROFITABLE LONG LIFE PROJECT For personal use only Key Statistics RSG Ownership 80% Commissioned 2009 Production (FY13) 196,182 oz Production Grade 3.65 g/t Cash Costs (FY13) A$796/oz Gold Production 250,000 Mine Life (30 Jun 13) 10+ years 200,000 Total Reserves 2.4 Moz 150,000 Reserve Gra
Slide 10: Resetting Syama - Expansion Remaining Robust at Current Gold Price
RESETTING SYAMA - EXPANSION REMAINING ROBUST AT CURRENT GOLD PRICE For personal use only § Major expansion approved June 2012 ‒ Expansion of open pit ‒ Establishment of oxide circuit ‒ Infrastructure including grid power connection § Production increases to average 270,000ozpa § Stage 3 of open pit
Slide 11: Ravenswood – Stable, Long-Term Production
RAVENSWOOD – STABLE, LONG -TERM PRODUCTION For personal use only Key Statistics RSG Ownership 100% Commissioned 2004 Production (FY13) 141,846 oz Production Grade 2.9 g/t Cash Costs (FY13) A$760/oz Gold Production 150,000 Mine Life (30 Jun 13) 10+ years 125,000 Total Reserves 1.5 Moz 100,000 Reserve
Slide 12: Mt Wright Delivering
MT WRIGHT DELIVERING For personal use only • Ore production consistent 1.4mtpa from sub level shrinkage • Grade dilution well within expectation • Decline completed to design depth • Assessment underway for potential to extend mining below 600RL base Drill testing to the 500RL 11
Slide 13: Re-opening of Sarsfield Under Assessment
RE-OPENING OF SARSFIELD UNDER ASSESSMENT § Potential to extend Ravenswood life For personal use only and increase production by reopening Sarsfield pit ‒ Reserve/Resources of 2.5Moz ‒ Additional 110kozpa output ‒ Mine life extended by 9 years § Feasibility Study estimated capital cost of $123M and L
Slide 14: Golden Pride – Near End of Long Mine Life
GOLDEN PRIDE – NEAR END OF LONG MINE LIFE For personal use only § Closure of Golden Pride end of 2013 after 15 Key Statistics years in production RSG Ownership 100% § Rehabilitation well advanced as progressively undertaken since commencement Commissioned 1999 Production (FY13) 97,827 oz § Cost prov
Slide 15: Potential to Leverage Experience in Tanzania
POTENTIAL TO LEVERAGE EXPERIENCE IN TANZANIA For personal use only § Located 120km NW of Golden Pride at Nyakafuru § Recently announced 388,000oz Reserve and 900,000oz in Resources § RC/diamond drilling along Kanegele shear continues to deliver very good results over a 5km strike § Studies continue
Slide 16: High Value Exploration Portfolio
HIGH VALUE EXPLORATION PORTFOLIO For personal use only § Highly prospective, underexplored tenure spread across Mali, Cote d’Ivoire, Tanzania and Australia § Strong balance sheet enables renewed exploration focus to unlock value and add exploration premium § Exploration budget for FY14 US$15M § Mult
Slide 17: Syama Regional Exploration Upside
SYAMA REGIONAL EXPLORATION UPSIDE For personal use only § Tenure covers ~75km of highly prospective and underexplored Syama Shear in West African Birimian Greenstone Belt § Multiple resource extension targets along strike to the north and south § Tabakoroni Feasibility Submitted and Exploitation Per
Slide 18: Huge Position in Prospective Cote d'Ivoire
HUGE POSITION IN PROSPECTIVE COTE d’IVOIRE For personal use only § Targeting large deposits in the underexplored, world-class Birimian terrains of West Africa § Applied for ~10,000km2 of permits covering 200km+ of Greenstone Belts NE of Newcrest Mining’s Bonikro mine § Ten high priority multi elemen
Slide 19: Noble Mineral Resources – Advanced Ghana Gold Project
NOBLE MINERAL RESOURCES ADVANCED GHANA GOLD PROJECT For personal use only § Resolute acquired a ~20% stake in Noble and backed a A$85M financing package in Nov 2012 § Noble owns the Bibiani gold mine in Ghana − 2.8Moz Mineral Resources, 3Mtpa CIL processing facility and +4Moz of gold produced to dat
Slide 20: Reserves and Resources Update: June 2013
RESERVES AND RESOURCES UPDATE: 30 JUNE 2013 For personal use only § Total Reserves and Resources up 13% − Reflecting modified Syama mine plan and Total Mineral Resource and Ore Reserve drilling success across Queensland, Mali 14 12.92 Moz and Tanzania 12 11.42 Moz Gold contained ounces (Moz) § Reser
Slide 21: Favourable Valuation Metrics
FAVOURABLE VALUATION METRICS For personal use only Source: BMO Capital Markets 20
Slide 22: Why Resolute?
WHY RESOLUTE? For personal use only One of the largest gold producers listed on the ASX Long term operating gold miner in Africa and Australia FY2014 guidance of 345,000oz at A$890/oz 100% unhedged – strong leverage to gold price Cash generating over wide range of gold prices Lightly geared balance
Slide 23: 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
Slide 24: JORC Reserves
JORC RESERVES RESOLUTE GROUP RESERVES and RESOURCES For personal use only Reserves and Resources comply with the Australian code for reporting of Mineral Resources and Reserves (The JORC Code 2004) Reserves and Resources Statement as at end of June 2013 Gold Reserves Project Resolute Group Resolute
Slide 25: JORC Measured & Indicated Resources
JORC MEASURED & INDICATED RESOURCES For personal use only Gold Resources 1 Project Resolute Group Resolute Group (includes stockpiles) Project Gold grade Contained Share Share Tonnes (g/t) Ounces Gold % ounces RESOURCES 1 Resources (Measured) Australia Sarsfield (insitu) 2 16,185,000 0.8 393,000 100
Slide 26: JORC Inferred Resources
JORC INFERRED RESOURCES For personal use only Gold Resources 1 Project Resolute Group Resolute Group (includes stockpiles) Project Gold grade Contained Share Share Tonnes (g/t) Ounces Gold % ounces Resources (Inferred) Australia Mt Wright (insitu)3 1,090,000 3.1 108,000 100% 108,000 Sarsfield (insit