Slide 1: Notice to ASX
Notice to ASX Citi’s Mining Exploration Day – Rio Tinto Exploration For personal use only 27 June 2016 Attached is a presentation to be given today by Stephen McIntosh, Group executive Growth & Innovation at the Citigroup exploration conference in Sydney. The presentation will also be available at w
Slide 2: Contacts
Contacts For personal use only media.enquiries@riotinto.com www.riotinto.com Follow @RioTinto on Twitter Media Relations, EMEA/Americas Media Relations, Australia/Asia Illtud Harri Ben Mitchell T +44 20 7781 1152 T +61 3 9283 3620 M +44 7920 503 600 M +61 419 850 212 David Outhwaite Bruce Tobin T +4
Slide 3: Rio Tinto Exploration – Citigroup exploration conference
27 June 2016 Citigroup exploration conference For personal use only Rio Tinto Exploration Stephen McIntosh, Group Executive Growth & Innovation
Slide 4: Cautionary statement
2 Cautionary statement For personal use only This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited (“Rio Tinto”). By accessing/attending this presentation you acknowledge that you have read and understood the following statement. In this presentation all figures are US dollars u
Slide 5: Safety is fundamental
3 Safety is fundamental Delivering discoveries safely For personal use only Exploration All Injury Frequency Rate (AIFR) *Per 200,000 hours worked to May 2016 2.5 YTD 2016 0 LTI & 1 MTCs • Relentless safety focus – All Injury AIFR 0.1 Frequency Rate lowest on record 2.0 • Fatality prevention a key f
Slide 6: Consistent corporate commitment, delivering value
4 Rio Tinto Exploration overview Consistent corporate commitment, delivering value For personal use only • Successful exploration track record spanning 70 years • Continued focus on delivering investible Tier 1 resource options to the Group • Global reach across multiple commodities • Renewed greenf
Slide 7: Global exploration spend and historic discovery rate
5 Global exploration spend and historic discovery rate Funding sharply down & new greenfield discoveries announced remain subdued For personal use only Significant* mineral discoveries (excluding bulk commodities) Western World: 1975 - 2015 (excluding FSU + Eastern Europe + China 1995 - 2015) $25 20
Slide 8: Exploration industry: risks and value just like other R&D sectors
6 Exploration industry Risks and value just like other R&D sectors For personal use only Universal industrial success curve Exploration process 3,000 raw ideas 1:3,000 300 ideas submitted Number of ideas Area Target Target Project Order of Selection Generation Testing of Merit Magnitude 125 small pr
Slide 9: Rio Tinto's track record of discoveries
7 Rio Tinto’s track record of discoveries* Unique capability to develop entry into new commodities For personal use only 1947 1956 1962 1970 1982 1996 2004 2008 Lac Allard Sangaredi Tom Price Tarong (QLD) Moro de Ouro Diavik Simandou Bunder Ilmenite Bauxite Iron Ore Coal Gold Diamonds Iron Ore Diamo
Slide 10: Rio Tinto's significant discoveries 2000 to 2015
8 Rio Tinto’s significant discoveries* 2000 to 2015 A global exploration effort For personal use only Saskatchewan 2012, potash Jadar 2009, borate/lithium Eagle 2004, nickel** Resolution Bunder, 2002, copper 2008, diamonds Simandou 2004, iron ore Sulawesi 2008, nickel laterite*** Aluminium Mutamba L
Slide 11: Exploration's regional structure
9 Rio Tinto Exploration’s regional structure Multi-commodity teams and cross-region portfolio prioritisation For personal use only Head of Exploration xp a xp atttio iio on o n Moscow London Vancouver Ulaan Bataar Almaty Salt Lake City Beijing Americas Africa-Eurasia Australasia Vientiane Bangalore
Slide 12: Where we operate
10 Rio Tinto Exploration – where we operate Exploring for 8 different commodities across 17 countries For personal use only Expenditure by regions - 2015 Non- OECD 32% OECD + Peru 68% Expenditure by commodity - 2015 R&D Bauxite 6% 9% Energy 9% D&M 2% Iron Ore 8% Copper 66% Current Operations Aluminu
Slide 13: Partnering
11 Rio Tinto Exploration – partnering Working collaboratively across the industry delivers additional options For personal use only Current Operations Aluminum Copper & Diamonds Energy & Minerals Iron Ore Greenfield projects Brownfield projects ©2016, Rio Tinto, All Rights Reserved
Slide 14: Jadar discovery
12 Rio Tinto Exploration - Jadar discovery Jadar is a world class lithium resource For personal use only Exploration team Large scale semi established in Serbia continuous pilot plant tested OoM completed; Jadar Basin JORC compliant resource 3D seismic first visited estimation completed studies Disc
Slide 15: Tier 1 copper resources
13 Tier 1 copper resources Difficult to find, slow to develop For personal use only Tier 1 copper discoveries • One Tier 1 copper greenfield discovery is made on 1. Pebble East 5.0 average every 4 years 2. Rosario West Cu price US$/lb 3. Kamoa Greenfield 4. Los Sulfatos 4.0 • A greater proportion of
Slide 16: Improving discovery rates
14 Improving discovery rates Combination of old & new technologies and effective data integration yielding knowledge For personal use only New Technologies Traditional Methods Data Integration and Concepts Mapping Resistate Indicator Very large scale Minerals & Greenrocks compilation of government,
Slide 17: Conclusions
15 Conclusions Producing a pipeline of value accretive growth options to deliver future returns For personal use only • Strong track record of exploration success • Continued strategic commitment to exploration • Strong in house expertise working across multiple commodities and geographies. • Collab