Slide 1: Chief Executive Officer's Presentation at Annual General Meeting
ASX Announcement ACN 097 088 689 For personal use only 30 NOVEMBER 2010 1 CHIEF EXECUTIVE OFFICER’S PRESENTATION AT ANNUAL GENERAL MEETING 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).
Slide 2: Annual General Meeting: Organic Value Add Opportunities
ANNUAL GENERAL MEETING For personal use only 30 November 2010 Organic Value Add Opportunities
Slide 3: Gold Credentials
For personal use only GOLD CREDENTIALS • Production: est 380,000ozs FY11 352,303 ozs FY10 Diversified 3 Operations Diversified, 2nd Largest on ASX Unhedged • Reserves: 2.5m ozs* Total All Resources: 9.4m ozs* • Development: Extensive Portfolio of Value Add Projects Resource - Reserve Conversion Adva
Slide 4: Cash Returns
For personal use only CASH RETURNS • Solid Production Profile 500 450 • Falling Cash Cost 400 350 300 250 • Strong Cash Generation 200 150 100 50 • Significant Liability Reduction to Dec 11 0 2009 2010 2011 2012 – Secured Debt Repayments to Dec 11 (A) (A) (F) (F) US$30m and A$50m Syama – Potential C
Slide 5: For personal use only
For personal use only SYAMA • Operation is Basis of Major West African Position • Production Ramp Up Making Good Progress • Considerable Reserve/Resource G Growth th Potential P t ti l • Control of Extensive Tenure Covering M j R Major Regional i l St Structure t • High Level Strategic Planning To O
Slide 6: Depth Extension
For personal use only SYAMA DEPTH EXTENSION • Resource Of +3.0 Million ozs Below Current Pit Design • Current Pit Design Based on US$900/oz • Optimal Open Pit to Underground Cut Over Point Being Re-evaluated • Ore Body Open at Depth
Slide 7: Near Plant Oxide Ore
For personal use only SYAMA NEAR PLANT OXIDE ORE A21 - Quartz Vein Hill Oxide mineralisation over 6 km • Resources of +1.0 Million ozs A21/QVH 601K oz Outlined Along Strike North and resource South of Main Pit Alpha/Syama Extension Alpha 101K oz resource • Direct Leach Ore To Support Increased Plant
Slide 8: North Exploration
For personal use only SYAMA NORTH EXPLORATION A21/Quartz A21/Q t V Vein i Hill : Infill I fill and d extension t i RC d drilling illi on 50m traverses Initial resource of 601,000oz @ 2.5g/t Au Alpha : Infill and extension RC drilling on 50m traverses. Initial resource of 101,000oz , @ 1.8g/t g Au Sy
Slide 9: South Exploration
For personal use only SYAMA SOUTH EXPLORATION Tellem : RC drilling on 50-100m traverses.Continuous mineralisation over 4000m – Open along strike Initial resource of 165,000oz @ 2.5g/t Au Paysans: Broad spaced (200m) aircore traverses. Continuous mineralisation over 1400m. Open along strike. Senufo-S
Slide 10: Grid Power Connection
For personal use only SYAMA GRID POWER CONNECTION • West African Power Pool Interconnection with Cote d’Ivoire d Ivoire • Grid to be Commissioned in Sikasso early 2011 • Current Diesel Power Generation Costs ~1/3 of Cash Costs • Connection will Substantially Reduce Costs • Feasibility Study Completi
Slide 11: Regional Exploration
For personal use only SYAMA REGIONAL EXPLORATION • Located in Prolific West African Birimian Greenstone Belt • Tenure Covers ~ 75 km of the Highly Prospective and Under Explored Syama Shear • Activelyy Pursuing g Other Nearby y Prospective Tenure • Tabakoroni Feasibilityy Submitted in July 2010. Awa
Slide 12: Cote d'Ivoire Exploration
For personal use only COTE D IVOIRE EXPLORATION • Focus on the Under Explored World Class Birimian Terrains of West Africa • ~10,000 , sqkm q of Permits Covering g over 200km of Greenstone Belts NE of Bonikro Gold Mine • Broad Scale 1km x1km Multi Element Sampling Targeting Large Scale Deposits • Te
Slide 13: Mount Wright
For personal use only MOUNT WRIGHT • Reserve Additions with Infill Drilling from 720mRL to 600mRL • Completes Conversion of Resource to Reserve on Developed Ore Body • Further Testing for Depth Extension (600mRL to 300mRL) to Commence. • Adjacent Granite Breccia Prospective
Slide 14: Welcome Breccia
For personal use only WELCOME BRECCIA • New Discovery Near Ravenswood Plant • WED003 Intersected a Spectacular 113m @ 7.7g/t Au from 316m • Mineralisation is Plunging Steeply and Remains Open at Depth. • Diamond Drilling to Test Extent is Ongoing • Welcome Breccia the First of Five Mt Wright Style T
Slide 15: Sarsfield Open Pit
For personal use only SARSFIELD OPEN PIT • Mining g Ceased in Early y 2009,, Pit Designed at A$800/oz • Resources of 860,000oz Remained Below the Pit • Pit Optimisations at A$1300/oz Indicate a Significant Portion Report to a Pit • Scoping S i StStudy d tto Assess A Potential P t ti l for f Reopenin
Slide 16: Golden Pride
For personal use only GOLDEN PRIDE • Incremental Reserve Additions of ~50,000 , ounces at Majij / Southern Oxides • Assessments of Terry’s Target , ATM and Far East Ongoing
Slide 17: Nyakafuru/Buckreef Tender
For personal use only NYAKAFURU/BUCKREEF TENDER Buckreef • Submission for Acquisition of 1Moz Buckreef Gold Project • Resolute Propose to Combine Nyakafuru Buckreef with its Nyakafuru Project • Fast track Development with Relocated Golden Pride Plant • Decision Expected in Near Term Golden Pride
Slide 18: Summary
For personal use only SUMMARY • Strong Production Profile • De-gearing g g Balance Sheet • Growth Options Becoming Focus • Extensive Range of Organic Value Add Projects • Near Term Conclusion of Feasibility and Scoping Studies to Demonstrate Significance
Slide 19: Thank You / Disclaimer
For personal use only THANK YOU DISCLAIMER • This presentation includes certain statements, estimates and projections with respect to the future performances of Resolute Mining. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assumptions m