Resolute Mining Limited · ASX:RSG
Resolute Mining — Shareholder Meeting (November 2007)
29 slides from Resolute Mining's shareholder meeting presentation, Nov 27, 2007
Slide 1: Annual General Meeting Chief Executive Officer Presentation
For personal use only ASX ANNOUNCEMENT ANNUAL GENERAL MEETING CHIEF EXECUTIVE OFFICER PRESENTATION 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 FIT
Slide 2: Annual General Meeting 2007
For personal use only ANNUAL GENERAL MEETING 2007
Slide 3: Substantial & Growing Gold Producer
SUBSTANTIAL & GROWING GOLD PRODUCER For personal use only n Strong Gold Fundamentals l Reserves ~3m ozs l Total Resources ~11m ozs l Two Mines, Production ~300,000 oz pa l Significant Development In Progress l Active Exploration, Prospective Tenure
Slide 4: Resource Profile
RESOURCE PROFILE (000ozs, 2007) For personal use only 14000 12000 10000 Exploration 8000 Development 6000 Operations 4000 2000 0 Reserves Total Resources
Slide 5: Strong Organic Growth
SUBSTANTIAL & GROWING GOLD PRODUCER For personal use only n Strong Organic Growth l Major Development Phase l Involves Over 50% of Reserve Base l A$215m from July 06 – July 08 l Syama ~A$80m Spent l Mt Wright ~A$35m Spent
Slide 6: Production Profile
PRODUCTION PROFILE (indicative attributable production, 000ozs by FY) For personal use only 600 500 400 Syama 300 Ravenswood Golden Pride 200 100 0 2007 2008 2009 2010
Slide 7: Syama
For personal use only SYAMA
Slide 8: Syama: Emerging Gold Belt
SYAMA For personal use only n Emerging Gold Belt n Resolute 80% Mali Govt 20% n Significant Resource – 6m ozs n Additional 250,000+ ozs pa of Production n Potential for 10+ Year Operation
Slide 9: Syama Gold Project
. en ae m - ele a PERTH eM ™Syama Gold Project MINING | LIMITED RESOLUTE
Slide 10: Syama Progress
SYAMA Progress For personal use only n Plant Design Completed n Construction Well Advanced n Procurement Well Advanced n Key Operating Staff Recruited n Mining Equipment Commissioning n Oxide Production 1H 2008 n Sulphide Production 2H 2008 n Broadly On time, On Budget
Slide 11: Syama Progress
For personal use only Progress SYAMA
Slide 12: Syama Progress
For personal use only Progress SYAMA
Slide 13: Syama Quartz Vein Hill
SYAMA Quartz Vein Hill For personal use only Oxide mineralisation over 6 km of strike A21 North Resource calculation in progress Banso Areas 10 km of unexplored strike Main Pit Recent air core Open Pit sulphide reconnaissance drilling orebody 1.9moz reserve shows very encouraging results Underground
Slide 14: Syama Finkolo JV
SYAMA Finkolo JV For personal use only Resolute 60% Etruscan 40% Extends Resolute control to over 75 km of a poorly explored and very prospective gold belt Tabakoroni Resource Calculation in progress Regional Aeromagnetics and Prospects
Slide 15: Syama Finkolo JV
For personal use only SYAMA Finkolo JV
Slide 16: Ravenswood
For personal use only RAVENSWOOD
Slide 17: Ravenswood Mt Wright Feasibility
RAVENSWOOD Mt Wright Feasibility For personal use only n Recoverable Gold 650,000 ozs n Production Target 1.0 mtpa n Average Cash Cost A$340/oz n LOM Capex A$77m n Treated Through Nolans Plant
Slide 18: Ravenswood Mt Wright Development
RAVENSWOOD Mt Wright Development For personal use only n Decline Progress 3.4km n 2 Stopes Developed n On Schedule n Costs in line with Feasibility n Development Drilling Shows Higher Tonnes n Good Recovery at Plant
Slide 19: Ravenswood Mt Wright Development
RAVENSWOOD Mt Wright Development For personal use only
Slide 20: Ravenswood Operations
RAVENSWOOD Operations For personal use only n 06/07 – 117,521 ozs @ Cash Cost A$781/oz n Sarsfield Fifteen Months Life n Mt Wright Integration n Plant Changes n Improved Production Forecast n Cash Cost Decrease
Slide 21: Ravenswood Exploration
RAVENSWOOD Exploration For personal use only Exploration Targets 2008 Ravenswood Regional Exploration is now drill testing high priority targets
Slide 22: Golden Pride
For personal use only GOLDEN PRIDE
Slide 23: Golden Pride Operations
GOLDEN PRIDE Operations For personal use only n 06/07 – 138,423 ozs @ Cash Cost US$403/oz n Pit Re-Optimisation Finalised n 5 Year Production Life n New Mining Contractor n Production Improvement Forecast n Cash Cost Decrease
Slide 24: Golden Pride Development
GOLDEN PRIDE Development For personal use only n Potential Pit Life Extension n 0.4m resource ozs n Deeper Pit n South, West and Eastern Extensions n Nyakafuru JV (66%) n 0.7m resource ozs n 120kms from GP
Slide 25: Golden Pride Regional Exploration
GOLDEN PRIDE Regional Exploration For personal use only Location and Buzwagi Tenure Golden Pride Resolute Tenure Nzega Greenstone belt (mapped) Interpreted Shear Zone 20km Consolidating tenure around Golden Pride and exploring under shallow cover with new exploration tools
Slide 26: Strong Commitment to Exploration
EXPLORATION For personal use only n Strong Commitment to Exploration n Key to Adding Value at Existing Assets n Budget for 2008 – A$10 million n Expenditures On Very Prospective Tenure n Cost Effective Addition of Ounces
Slide 27: Hedging Profile
HEDGING PROFILE (indicative production, 000ozs by FY) For personal use only 600 500 400 Production 300 Hedging 200 100 0 2008 2009 2010
Slide 28: Corporate: Finalising Funding of Development Activities
CORPORATE For personal use only n Finalising Funding of Development Activities n $50m Equity Raising Completed n Debt Raising in Progress n Value Add Opportunities
Slide 29: Summary
SUMMARY For personal use only n Gold n Experienced Operator n Strong Growth Phase n High Leverage to Gold Price
Resolute Mining — Shareholder Meeting (November 2007) on 6ix