Resolute Mining Limited · ASX:RSG
Resolute Mining — Mines and Money London 2019
30 slides from Resolute Mining's conference presentation, Nov 26, 2019
Slide 1: Mine Gold. Create Value.
For personal use only Mine Gold. Create Value. Mines and Money London Syama: The world’s first purpose built, Corporate Presentation fully automated sub-level cave gold mine November 2019
Slide 2: Cautionary Statement
Cautionary Statement For personal use only This presentation contains information about Resolute Mining Limited (Resolute or the Company) and its activities that is current as at the date of this presentation unless otherwise stated. The information in this presentation remains subject to change wit
Slide 3: Resolute at a glance
Mako Syama For personal use only Senegal Mali Ravenswood Bibiani Australia Ghana Market Capitalisation Resources / Reserves A$986m | US$670m | £519m 18.8Moz / 7.7Moz Dividend Policy FY19 Guidance (to 31 Dec) Minimum Payout of 2% of Annual Gold Sales 400koz at US$1,020/oz AISC 2
Slide 4: Resolute Portfolio
Resolute Portfolio For personal use only Syama Mako Ravenswood Bibiani Syama Complex comprises the Syama Mako is a high quality, low-cost At Ravenswood, Resolute is taking steps Bibiani is a potential long life, high Underground Mine, a world class, fully producing asset with attractive scale, to tr
Slide 5: Syama Gold Mine Mali
Syama Gold Mine Mali The world’s first fully automated underground gold mine For personal use only 4
Slide 6: Syama Underground Mine
Syama Underground Mine The world’s first fully automated For personal use only underground gold mine Commenced sublevel caving in December 2018 Commercial production rates achieved in June 2019 5
Slide 7: Mine Based Off-Grid Hybrid Power Solution
Mine Based Off-Grid Hybrid Power Solution For personal use only One integrated power station – ensuring optimal operations Single operation, designed for maximum efficiency Hybrid Management System Standard plant design used for each technology; Next Generation Engine Technology integration of techn
Slide 8: Syama Underground Autonomous Mining
Syama Underground For personal use only Autonomous Drilling The most advanced Autonomous Truck Navigation mining automation system Autonomous Loading & Dumping in the world Mine Digitalisation Autonomous Haulage Central Monitoring & Visualisation 7
Slide 9: Syama System Overview
Syama System Overview For personal use only Major Components PHASE 1: MINE DIGITALISATION Phase 1 capability delivers the completed control room Mine-wide with connection to the underground wireless network and Wireless the ability to schedule, control and monitor MANUAL Network underground activiti
Slide 10: Syama System Overview: Phase 1 Mine Digitalisation
Syama System Overview For personal use only Phase 1: Mine Digitalisation Control Room + Network + OptiMine = Efficiency The 2 Declines and the 1105 and 1130 production levels Benefits of the visualisation system include: will be connected to the visualisation system in the • Visualisation of mine an
Slide 11: Phase 2: Autonomous Haulage and Production
Syama System Overview For personal use only Phase 2: Autonomous Haulage and Production Automated Haulage Loop – The Main Game • The Automated Haulage Loop is the “Main Game” in terms of the Syama Underground Mine’s delivered benefit from innovation • The Automated Haulage loop enables Resolute to ha
Slide 12: The Impact of Automation at Syama
The Impact of Automation at Syama For personal use only Productivity Continuous Less Operation Downtime Extra Productive Consistent High-speed Output Production Hours Optimised Upgradeable To Less Operational Tracking & Headings Reporting Multi-machine Control 11
Slide 13: Technology Driven Productivity Gains
The Impact of Automation at Syama For personal use only Technology Driven Productivity Gains AUTOMATED MINE 15% - 20% Gain • Remotely Operated Machinery PRODUCTIVITY – TONNES / METRES • Autonomous Drilling • Autonomous Loading • Autonomous Haulage DIGITAL MINE 10% - 15% Gain • Tracking and Visualisa
Slide 14: Economics, Safety and People
The Impact of Automation at Syama For personal use only Economics, Safety and People LOM AISC Reduced to Mine Life Extended to US$ 746 /oz 2032 Low Reduced Damage Smaller Fleet $$ $ Upfront Capex Upskilling Local Workforce Improved Operator Comfort 13
Slide 15: Active, Multi-Rig Exploration Program
Active, Multi-Rig Exploration Program For personal use only Resolute controls 80km strike length of Syama greenstone belt 14
Slide 16: Nafolo: A Major Gold Discovery at Syama
Nafolo: A Major Gold Discovery at Syama For personal use only Extension potential for the existing Syama Underground Mine Nafolo Snapshot • Untested to the south and at depth • All drillholes to date have intersected gold mineralisation • Nafolo mineralisation can potentially be accessed from existi
Slide 17: Tabakoroni: High Grade Intersections
Tabakoroni: High Grade Intersections For personal use only Potential standalone underground operation supports mine life extension Mineral Resource of 1.03Moz at 5.1g/t Au 16
Slide 18: Mako Gold Mine Senegal
Half Year Results Presentation: For the six months to 30 June 2019 Mako Gold Mine Senegal High quality, low cost producing asset with attractive scale For personal use only 17
Slide 19: Mako Gold Mine – Overview
Mako Gold Mine – Overview Low cost, high margin production from a stable, mining friendly jurisdiction For personal use only Overview Location Location • Senegal Ownership • 90%; Senegal Government 10% (free carried) Mine Type • Open Pit Mineral Resources • 20.4Mt at 1.89g/t Au for 1.244Moz Ore Rese
Slide 20: Mako Gold Mine – Mining and Processing
Mako Gold Mine – Mining and Processing Simple open pit mining with high gold recoveries through CIL plant For personal use only Mining Processing • Conventional drill and blast, load and haul operation • 2.3Mtpa processing plant • Mining services provided by proven contractor, African Mining Service
Slide 21: Mako Gold Mine – Jurisdiction
Mako Gold Mine – Jurisdiction Senegal: a stable, mining friendly jurisdiction with excellent infrastructure For personal use only Overview • Senegal enjoys a reputation for political stability and has a strong democratic tradition • Senegal is an excellent investment jurisdiction and politically sta
Slide 22: Exploration Portfolio
Exploration Portfolio Resolute’s exploration to extend further in Cote d’Ivoire and into Guinea For personal use only Cote d’Ivoire Guinea • 6 exploration permits and a further 2 permits • 3 Greenfields exploration permits in Siguiri under application Prefecture • Joint venture with ASX-listed Predi
Slide 23: Ravenswood Gold Mine Australia
Half Year Results Presentation: For the six months to 30 June 2019 Ravenswood Gold Mine Australia Targeting 200kozpa from low cost open pit mining for 10+ years For personal use only Mineral Resource of 5.9Moz and Ore Reserve of 2.7Moz 22
Slide 24: Bibiani Gold Mine Ghana
Half Year Results Presentation: For the six months to 30 June 2019 Bibiani Gold Mine Ghana Long life, high margin growth opportunity For personal use only Targeting production of 100kozpa from Mineral Resource of 2.5Moz 23
Slide 25: Strategic Investments in Africa
Strategic Investments in Africa For personal use only Objective Establish a portfolio of investments in emerging 16% stake gold explorers to expand our project pipeline and provide a source of medium term potential growth opportunities 9% stake 26% stake Focus Equity investments in African focused e
Slide 26: Responsible Gold Mining Principles
Resolute is committed to the World Gold Council’s For personal use only Responsible Gold Mining Principles 25
Slide 27: Workforce Development
Workforce Development For personal use only Best Workforce And Industry Development Initiative Winner: The Malian Talent Development Program 26
Slide 28: Corporate Summary
Corporate Summary (ASX:RSG | LSE:RSG) For personal use only Capitalisation A$ £ US$ ASX Price Performance Share Price $1.09 £0.57 $0.74 Shares on Issue 903m Market Capitalisation $986m £519m $670m Top 10 Shareholders FY19 Guidance 1 ICM Limited 14.44% 2 Van Eck Associates Corporation 10.72% 400koz a
Slide 29: Analyst Coverage Summary
Analyst Coverage Summary For personal use only Target Prices and Recommendations Buy Hold $2.48 $2.35 $2.20 $2.09 $2.07 $1.60 $1.60 $1.50 $1.50 $1.40 Lead J Guy R Spencer K McCutcheon H Hillcoat M Stoner B Crowley P Hissey P Howard J Bishop M Frydman Analyst Date 31 Oct 2019 31 Oct 2019 31 Oct 2019
Slide 30: Contacts
For personal use only Contacts Follow Us John Welborn | Managing Director & CEO Jeremy Meynert | General Manager – BD & IR EMAIL | contact@rml.com.au PHONE | +61 8 9261 6100 WEB | www.rml.com.au