Resolute Mining Limited · ASX:RSG
Resolute Mining — Shareholder Meeting (November 2012)
18 slides from Resolute Mining's shareholder meeting presentation, Nov 27, 2012
Slide 1: Chief Executive Officer's Presentation at AGM
ACN 097 088 689 01 27 November 2012 CHIEF EXECUTIVE OFFICER’S PRESENTATION AT AGM Attached is a copy of the Chief Executive Officer’s presentation to be given at the Company’s Annual General Meeting today at 10.00 a.m. (Western Standard Time). For and on behalf of the Board GREG FITZGERALD Company S
Slide 2: Annual General Meeting Perth
ANNUAL GENERAL MEETING PERTH CHIEF EXECUTIVE OFFICER PETER SULLIVAN 27 NOVEMBER 2012
Slide 3: A Transformational Year in FY2012
A TRANSFORMATIONAL YEAR IN FY2012 All operations performed strongly in FY2012 Reliability at Syama improved significantly Board approved a US$241M expansion of Syama Balance sheet transformed – minimal debt and strong cash, bullion and investment position Returned $40 million to shareholders through
Slide 4: FY2013: Consolidating Our Position
FY2013: CONSOLIDATING OUR POSITION FY2013 guidance of 415,000oz at A$830/oz Outstanding first quarter – 115,544oz at $705/oz Dividend of $31 million paid to shareholders Syama expansion underway – FY2014 Golden Pride closure – Nyakafuru assessment Strategic investment in Noble Mineral Resources 3
Slide 5: Resolute: In a Position of Strength
RESOLUTE: IN A POSITION OF STRENGTH A consistent gold Producing gold in FY13 forecast producer since 1989 Africa since 1996/97 415Koz at A$830/oz OZ 500,000 400,000 300,000 200,000 100,000 0 4
Slide 6: A Gold Miner with a Global Footprint
A GOLD MINER WITH A GLOBAL FOOTPRINT 5
Slide 7: Syama - A Profitable Long Life Project
SYAMA - A PROFITABLE LONG LIFE PROJECT Key Statistics RSG Ownership 80% Commissioned 2009 FY12 Production 145,196oz FY12 Cash Costs US$813/oz Throughput 2.4Mtpa Grade 2.8 g/t Total Reserves 3.6Moz Total Resources 2.8Moz Mine Life 15+ years 6
Slide 8: Syama Expansion Is Extremely Robust at Current Gold Price
SYAMA EXPANSION IS EXTREMELY ROBUST AT CURRENT GOLD PRICE § Major expansion approved end of June 2012 ‒ Expansion of open pit ‒ Establishment of oxide circuit ‒ Infrastructure including grid power connection § Captures total reserves of 3.68Moz including 557Koz oxide material § Production increases
Slide 9: Golden Pride – A Strong Production Record
GOLDEN PRIDE – A STRONG PRODUCTION RECORD Key Statistics RSG Ownership 100% Commissioned 1999 FY12 Production 115,298oz FY12 Cash Costs US$764/oz Throughput 2.4Mtpa Grade 1.6 g/t Total Reserves 0.1Moz Total Resources 1.4Moz Mine Life 0.5 year 8
Slide 10: Potential to Leverage Experience in Tanzania
POTENTIAL TO LEVERAGE EXPERIENCE IN TANZANIA § Closure of Golden Pride in mid 2013 after 15 years in production § Existing 1.1Moz resource located 120km NW of Golden Pride at Nyakafuru § Studies underway to evaluate a future development at Nyakafuru – potential to transport GP plant § Extensive RC/d
Slide 11: Ravenswood – Stable, Long-Term Production
RAVENSWOOD – STABLE, LONG -TERM PRODUCTION Key Statistics RSG Ownership 100% Commissioned 2004 FY12 Production 137,965oz FY12 Cash Costs A$753/oz Throughput 1.5Mtpa Grade 0.9 g/t Total Reserves 1.5Moz Total Resources 0.9Moz Mine Life 3+ years 10
Slide 12: Re-opening of Sarsfield Remains an Option
RE-OPENING OF SARSFIELD REMAINS AN OPTION § Potential to extend Ravenswood life and increase production by reopening Sarsfield pit ‒ Reserves of 1.1Moz ‒ Additional 110kozpa output ‒ Mine life extended by 9 years § Feasibility Study estimated capital cost of $123M and LOM average cash costs of $1106
Slide 13: Noble Mineral Resources Investment
NOBLE MINERAL RESOURCES INVESTMENT RSG has taken a 19.9% stake in Noble and backed a US$85 million financing package Noble operates the Bibiani gold mine in Ghana To date Bibiani has underperformed and not met production or cost forecasts Resolute to provide Noble with technical support Strategic in
Slide 14: Solid Corporate Structure
SOLID CORPORATE STRUCUTRE Share Price Key Information $2.08 ASX Code RSG $1.98 Shares 642.9M $1.88 $1.78 Last Share Price1 $1.91 $1.68 $1.58 Market Cap1 A$1,228M $1.48 $1.38 Daily Turnover2 A$7.36M $1.28 $1.18 Cash/Bullion3 A$159M Debt3 A$8M Volume(m) Hedging NIL 25.0 Shareholders ICM 29.9% 20.0 15.
Slide 15: A Proven Gold Producer
A PROVEN GOLD PRODUCER One of the largest gold producers listed on the ASX Three operating assets across Africa and Australia FY2013 guidance of 415,000oz at A$830/oz 100% unhedged – strong leverage to gold price Internally funded Syama expansion to 270Koz pa Ungeared balance sheet provides flexibil
Slide 16: Thank you
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 may prove not to be cor
Slide 17: JORC Reserves
JORC RESERVES Reserves and Resources Statement at 30 June 2012 Resolute Resolute Gold Reserves Project ‘Group Group Gold (includes stockpiles) Project grade Contained Share Share Tomes (gf) Gold % oumces RESERVES Reserves ( Proved) Australia MiWeght (insitu)® 4.845 000, 28 400,000 = 400% 400,000 ‘Sa
Slide 18: JORC Resources
JORC RESOURCES Notes: 1. Mineral Resources are exclusive of Reserves – differences may occur due to rounding. 2. All Resources and Reserves are reported above 1gpt cut-off except Sarsfield above 0.4gpt cut-off and Nyakafuru above 0.5gpt cut-off. 3. Mt Wright underground Reserves and Resources report
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