Resolute Mining Limited · ASX:RSG
Resolute Mining — NewGenGold Exploration Conference 2019
32 slides from Resolute Mining's conference presentation, Nov 12, 2019
Slide 1: Tabakoroni: Discovery of a high-grade growth opportunity in the Syama Belt, Mali
For personal use only NewGenGold Exploration Conference Tabakoroni : Discovery of a high-grade growth opportunity in the Syama Belt, Mali Syama: The world’s first purpose built, Bruce Mowat | General Manager – Exploration | 12 November 2019 fully automated sub-level cave gold mine
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: Mako, Syama, Bibiani: company snapshot
Mako Syama For personal use only Senegal Mali Ravenswood Bibiani Australia Ghana Market Capitalisation Resources / Reserves A$1.02B | US$698m | £545m 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: Significant West African Gold Deposits
Significant West African Gold Deposits For personal use only • Resolute is the owner of 3 gold mines in West Africa: • Syama Gold Mine in Mali (Syama) • Mako Gold Mine in Senegal (Mako) • Bibiani Gold Mine in Ghana (Bibiani) • Paleoproterozoic Birimian hosts all the significant gold deposits of West
Slide 5: Regional Geology
Regional Geology For personal use only • North Cote d’Ivoire and South Mali is structurally composed of 3 domains named from W to E, Bougouni, Kadiana-Madinani, and Kadiolo. • The Syama Belt is a NNE-striking, steeply west-dipping greenstone belt marking the regional boundary between the Kadiana-Mad
Slide 6: Syama Geology
Syama Geology For personal use only • Resolute holds 80km strike length of prospective Syama greenstone belt • Geology comprises Sikoro Formation (sediment units) to the west overlain by Syama Formation and mineralised lithologies (lamprophyre, mafic volcanics and sediments) and N’Golopene Formation
Slide 7: Discovery History
Tabakoroni Discovery History For personal use only • 1972: BRGM Soil geochemistry program throughout West Africa. Identifies many of the large mines in the Birimian • 1987: UNDP mapping and soil geochemistry in south and west Mali, strong Au soil anomalies • 1987 First permit granted to BHP Internat
Slide 8: BRGM and UNDP Soil Geochemistry
BRGM and UNDP Soil Geochemistry For personal use only • West African BRGM geochemical survey over Birimian sequences 1972 to 1974 • Identifies Loulo, Morila and Syama • UNDP mapping and regional soil geochemistry program 1987 • Strong Au-As soil anomalies at Syama, Tabakoroni along or close to the S
Slide 9: Geology
Tabakoroni Geology For personal use only • Tabakoroni gold deposit located on the Tabakoroni Main Shear Zone • Parallel shear zone west of the Syama Shear Zone • Deposit lies on the contact between basalt flows and turbidites to the east • Tabakoroni geology with the outline of the current and plann
Slide 10: Stratigraphy
Tabakoroni Stratigraphy For personal use only • A new stratigraphy is defined with 4 main rock types • Volcanic Sequence of pillow basalts & related basaltic facies (Syama Formation) • Background pelagic sediment mudstone sequence (shales) • Two volcaniclastic turbidite sequences; feldspar-rich and
Slide 11: Host Rocks
Host Rocks For personal use only TADD675, 352.5-365.1m. Thin bedded non TADD676, 273-287m. carbonaceous shale with sandy interbeds Doleritic basalt 10
Slide 12: Intrusives
Intrusives For personal use only TADD680, 306-307m TADD683, 245.5m Suite of samples across Feldspar, amphibole phyric Foliated feldspar rich, biotite diorite with breccia margin (Left) and weakly foliated & porphyry with dissem. Pyrite veined massive intrusion (Centre & Right). 11
Slide 13: Host Rock Geochemistry
Host Rock Geochemistry For personal use only • Host lithofacies range in composition from basalt (volcanics) to andesite (volcaniclastics) to dacite (porphyries and shales) • Basalt (and autobreccia) typically basalt with minor variation to sub-alkaline • Volcaniclastic facies and mixed basalt-sedim
Slide 14: Mineralisation
Tabakoroni Mineralisation For personal use only • Tabakoroni is an early Orogenic Gold System (2098 ± 5 Ma) related to diorite porphyry that has been reworked during 2 later events • Diorite intrusions utilised NNW, NNE and EW structures intruding basalt and volcaniclastic host sequences • Gold depo
Slide 15: Mineralisation (continued)
Tabakoroni Mineralisation (continued) For personal use only • Deformation history • D1 broad WNW to NW shortening, west tilting • D2: Continued WNW shortening, development of porphyry structures (NNW, NE & EW) resulting in intrusion of Diorite and formation of Early Orogenic Au • D3: NW shortening,
Slide 16: Mineralisation (continued)
Tabakoroni Mineralisation (continued) For personal use only Left: TADD683, 76m TARD619 at 169m Hydraulic basalt breccia with intense Si-Ab-Se Massive quartz vein in TMSZ with stylolitic graphite that hosts free Au grains. alteration & Carbonate-Qz-Py veins. The interval has Bonanza grade over 1m con
Slide 17: Tabakoroni Gold Occurrences
4. 4 Tabakoroni Gold Occurrences Basalt For personal use only 2 3 Gold mineralisation at Tabakoroni occurs in: 1. 1 1.1 Au early Orogenic Phases as: 1. 1 • Zones of stockwork and scattered HW and FW veins in porphyry, basalt and volcaniclastics unrelated to TMSZ but may be spatially overlap • Au wit
Slide 18: Syama / Tabakoroni Comparison
Syama / Tabakoroni Comparison For personal use only Syama Tabakoroni Host Rocks Basalt, lamprophyre Volcaniclastics, basalt Intrusives lamprophyre Dacite porphyry Alteration Ankerite albite sericite Sericite Structural Setting Syama Shear (“Tarkwa type” contact) Tabakoroni Shear Resource 59.2Mt at 3
Slide 19: Long Section
Tabakoroni Long Section For personal use only • March 2019 resource block model • Oxide pit design traces • Block model shows the +10 g/t Au high- grade shoots • Mineralisation 1.5km strike length • Open down dip 18
Slide 20: Cross Sections
Tabakoroni Cross Sections For personal use only 19
Slide 21: Pathfinder Geochemistry
Pathfinder Geochemistry For personal use only • Traditional Orogenic Au pathfinders Sb and As the most useful in the Syama Belt for picking mineralised structures • Bottom of aircore hole ICP-MS results 20
Slide 22: Geophysics
Geophysics For personal use only Aeromagnetics • 3 aeromagnetic surveys, 1993, 2002 and 2005 • Aeromagnetics ineffective in identification of structure and stratigraphy 21
Slide 23: Geophysics (continued)
Geophysics (continued) For personal use only VTEM • Multi-client VTEM survey 2008 • Successfully used to define volcanic stratigraphy • Works well in the Syama Belt • Widely accepted and commonly used tool in Orogenic Gold terrains 22
Slide 24: Induced Polarisation (Gradient Array)
Induced Polarisation (Gradient Array) For personal use only • Gradient array and dipole-dipole IP widely used in the Syama Belt • Resistivity low related to the Tabakoroni Main Shear Zone • Chargeability results more variable but has identified disseminated pyrite zones Resistivity Chargeability 23
Slide 25: Resource
Tabakoroni Resource For personal use only Tabakoroni • Resource as at 31 March 2019 – 1Moz @ 5g/t 31 March 2019 Mineral Resource • Wireframe constrained Ordinary Kriged estimate Area Category Tonnes Gold Ounces by Susan Havlin, Optiro (000s) (g/t) (000s) Measured 540 5.21 90 • Previous MIK estimate
Slide 26: Mine Development
Tabakoroni Mine Development For personal use only Long journey to successful production • Discovered in 1987 • Fluctuating Gold Price and a series of joint-ventures delayed further exploration • Resolute identified a sub 1 million ounce deposit, too small for stand alone processing facility • Region
Slide 27: Oxide Mining
Tabakoroni Oxide Mining For personal use only • Oxide Reserve (30 June 2018) • 2.7Mt @ 2.9 g/t Au for 254,000oz • Mining commenced in October 2018 • 181,000oz produced in first 12 months of production to 30 September 2019 • Very high grade zone identified in main Namakan Pit • ROM head grade consist
Slide 28: High Grade Shoots
Tabakoroni High Grade Shoots For personal use only • 250m strike coherent very high grade core located at a bend in the shear, plus 10g/t • Strong encouragement for further high grade mineralisation at depth • Underground feasibility studies underway 27
Slide 29: Exploration Upside
Tabakoroni Exploration Upside For personal use only • Exploration focus on the sulphide extensions to high- grade plunge zones • Drilling continues to return wide, high-grade sulphide intercepts • Drilling is still shallow – extensive depth potential • Scoping study has commenced to evaluate an Unde
Slide 30: Commitment to World Gold Council's Responsible Gold Mining Principles
Resolute is committed to the World Gold Council’s Responsible For personal use only Gold Mining Principles 29
Slide 31: Responsible Gold Mining Principles (RGMPs)
Responsible Gold Mining Principles For personal use only (RGMPs) Governance Principle 6 – Labour rights: we will ensure that our operations are Principle 1 – Ethical conduct: we will conduct our businesses with places where employees and contractors are treated with respect integrity including absol
Slide 32: 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
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