Slide 1: CEO Presentation
For personal use only CEO Presentation Annual General Meeting, Perth - Tuesday 29th November 2016 ASX:RSG | www.rml.com.au
Slide 2: Cautionary Statement
Cautionary Statement For personal use only This presentation includes certain statements, estimates and projections with respect to the future performances of Resolute. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assumptions may prove
Slide 3: Resolute is a global gold producer, explorer, developer and innovator
For personal use only Resolute is a global gold producer, explorer, developer and innovator.
Slide 4: Company history
Company history For personal use only Syama Ravenswood Golden Pride Obotan 7Moz over 25 years Chalice of continuous gold Marymia production and Higginsville counting…
Slide 5: FY16: A Transformational Year
FY16: A Transformational Year For personal use only Balance sheet strengthened Record Net all senior and secured Profit FY16 debt repaid Developing long mine life Applying our operational operations expertise globally at our existing projects
Slide 6: FY16 Highlights
FY16 Highlights Outstanding Transformational Performance For personal use only Financial Operating Balance Sheet Performance Performance Total Cash and bullion at A$213m FY16 net profit after tax 340,540oz Total gold sold for FY16 A$102m market value Revenue from gold and Average price for total gol
Slide 7: FY16: Financial highlights
FY16: Financial highlights For personal use only A$M A$M Operating Cashflow Underlying Profit $250 $250 $200 $200 $150 $150 $100 $100 $50 $50 $0 $0 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 A$M Net Cash/Bullion cps Earnings per Share 80 40 60 20 40 20 0 0 Jun-12 Jun-13 Ju
Slide 8: Outperforming the market
Outperforming the market For personal use only 800 700 600 500 400 300 200 100 0 Jul 21, Sep 01, Oct 12, Nov 16, Dec 21, Feb 01, Mar 14, Apr 28, Jun 09, Jul 22, Sep 02, Oct 14, Nov 25, 2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016 2016 RSG share price AUD gold price XGD (S&P/ASX All Or
Slide 9: Operational Consistency
Operational Consistency For personal use only Gold production and costs $1,400 140,000 $1,200 120,000 $1,000 100,000 $800 Ounces (oz) A$/oz 80,000 $600 60,000 40,000 $400 20,000 $200 0 $0 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Ravenswood Syama Sulphide Syama Oxide Cash Costs (A$/oz) All-In Sustaining Co
Slide 10: Going underground at Syama: developing a robust, long life flagship gold mine
Going underground at Syama: developing a robust, long life flagship gold mine. For personal use only Life of U/G Mine All-in-Sustaining-Cost US$881 Initial 12 year per ounce Operating life Pre-production capital of US$95 million fully funded 10
Slide 11: Ravenswood Extension Project: a strong future beyond Mt Wright
Ravenswood Extension Project: a strong future beyond Mt Wright. For personal use only Sarsfield Buck Reef West 1.2Moz Reserve & 1.2Moz Resource 1.3Moz Resource Targeting a 10+ year Nolans East 71koz Reserve Extension Project 11
Slide 12: Bibiani: Feasibility Study confirms viable pathway to production
Bibiani: Feasibility Study confirms viable pathway to production. For personal use only Initial Ore Reserve of Life of Mine All-in-Sustaining-Cost 5.4Mt @ 3.7g/t US$858/oz containing per ounce 640,000oz of gold Pre-production capital of US$72 million 9 month timeline to production
Slide 13: FY17: Transformation Continues
FY17: Transformation Continues For personal use only Prioritising Diversifying our sustainable dividends production base Ambition to be producing Reducing All-in-Sustaining Costs (AISC) >450kozpa through innovation from 3 operations by 2020
Slide 14: Production Outlook
Production Outlook For personal use only 500,000 450,000 400,000 350,000 300,000 Production (oz) 250,000 200,000 150,000 100,000 50,000 0 FY17 FY18 FY19 FY20 FY21 Bibiani Ravenswood Syama
Slide 15: Reserve Life Benchmarking
Reserve Life Benchmarking For personal use only Ravenswood 13 Syama 12 Resolute Cowal 9 Mt Rawdon 8 Mt Carlton 7 Mungari 4 Evolution Edna May 5 Cracow 2 Ernest Henry 9 Jundee 3 Kundana 5 Northern Star Kanowna Belle 3 Paulsens 1 Garden Well 5 Rosemont 5 Regis Moolart Well 2 Leonora – Gwalia 7 St Barb
Slide 16: A renewed focus on exploration
A renewed focus on exploration For personal use only Organic growth through discovery
Slide 17: World class, belt scale tenure
World class, belt scale tenure Heavily endowed and underexplored For personal use only • Early exploration success at the Nafolo discovery south of the main Syama orebody • Expansion of existing inventory at Syama, Ravenswood, and Bibiani • Highly prospective, underexplored tenure spread across Mali
Slide 18: Resolute value chain
Resolute value chain For personal use only Continuous improvement across the business Business Resource Reserve Mine Mining Mineral Exploration Development Estimation Estimation Planning Operations Processing • Kilo Goldmines • Nafolo discovery • Syama 6.0Moz • Syama 3.1Moz • Syama UG DFS • Nolans E
Slide 19: A mining company of the future
A mining company of the future For personal use only Utilising technologies and data to advance business performance Mining & Processing Corporate
Slide 20: A continued focus on Africa
A continued focus on Africa… For personal use only An abundance of natural resources Each kilometre of African soil holds just $25,000 of proven assets compared to $125,000 in the developed world. The gap isn’t evidence of Africa’s lower reserves, though, but a sign of how little of it has been surv
Slide 21: Golden Pride
Golden Pride 1996 to 2014 For personal use only Exploration Feasibility Construction Production Profitability Community Rehabilitation 21
Slide 22: Resolute Community Investment
Resolute Community Investment: For personal use only Genuine care for our environment, communities and assets Health Education Water Sustainability • Building & refurbishing • Building schools • Solar powered pumps • Potential connection of Clinics • Training & development and water supply tank- Fou
Slide 23: The Resolute Way: our pillars
The Resolute Way: our pillars For personal use only Building a truly great company to deliver enduring value 1. Safe and ethical operator 2. Global cost competitiveness 3. Enduring value 4. Financial discipline 5. Performance based culture 6. Innovation, perseverance and hard work
Slide 24: For personal use only
For personal use only