Slide 1: Unlocking the Value of the New High Grade Mabilo Mine
UNLOCKING THE VALUE OF THE NEW HIGH GRADE MABILO MINE Advancing towards Stage 1 high-grade copper DSO start-up operation TSX: RTG // ASX: RTG // RTGMINING.COM INVESTOR UPDATE: April 2024 1
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer Forward Looking Statements Certain statements contained in this presentation constitute forward looking statements within the meaning of applicable securities laws including, among others, statements made or implied relating to RTG’s objectives, strategies to achieve
Slide 3: Strong Board and Management
Strong Board and Management The right team to deliver value and success MICHAEL CARRICK Chartered Accountant with over 30 years in the resources CHAIR • Developed 7 mines in 5 different countries around the sector. Michael was previously Chair & CEO of CGA Mining, world specializing in emerging mark
Slide 4: RTG Management's Competitive Advantage
1994-1995 RTG Management’s AUSTRALIA Competitive Advantage Marymia, Bullabulling, Chalice 1997 GHANA Relationships with Host Countries and Communities Obotan Gold Project 1998 Proven track record managing political risk and succeeding in TANZANIA countries around the world Golden Pride Project Guidi
Slide 5: Corporate Summary
Corporate Summary Strong Institutional Support Significant Shareholders RTG 1,362M ASX CODE SHARES ON ISSUE (fully diluted) Equinox 19% Hains Family 18% Franklin Resources 11% ZERO $0.021 Carpe Diem Asset Management 9% DEBT SHARE PRICE Sun Valley 5% A$9.0M A$24M Libra 5% 683 Capital 3% CASH & CASH E
Slide 6: RTG Investment Proposition
RTG Investment Proposition Why invest in RTG Mining? • Flagship Mabilo Project is listed as one of the priority projects for the Philippines – the MGB has been very supportive of Mt. Labo’s efforts and the Project • Mabilo is a world-class high-grade copper/gold project (CuEq 3.9%), fully permitted
Slide 7: RTG Portfolio Summary: Philippines
RTG Portfolio Summary: Philippines High-value assets from exploration through to development stage Mabilo Development: Near-Term Potential • Bankable Feasibility March 2016 • EPEP and FMR/DP approved March 2019 • Mining Permit granted May 2020 • Won Final Award in Arbitration late 2020 and Setting A
Slide 8: Mabilo Project
Mabilo Project H I G H G R A D E C O P P E R - G O L D TSX: RTG // ASX: RTG // RTGMINING.COM 8
Slide 9: Project Summary: High-Grade Copper Gold
Mabilo Project Summary: High-Grade Copper Gold High-grade development ready project with strong pipeline of exploration prospects to grow existing resource base Au Eq Resource: 2.15Moz @ 5.4 g/t* Cu Eq Resource: 449kt (989M lb) @ 3.5%* Au Eq Reserve: 1.4Moz @ 5.9 g/t* Cu Eq Reserve: 302kt (664.9M lb
Slide 10: 2015 Resource & Reserve Estimate
Mabilo Project: 2015 Resource & Reserve Estimate Major upside potential at Mabilo: Only 18,000m drilled to date Mabilo Resource Million Contained Au Contained Cu Au g/t Cu % Fe % Indicated and Inferred Tonnes (‘000s oz) (‘000s t) 226.8t Total Resource 12.76Mt 1.9g/t 1.80% 40.5% 762.5oz (499M lb) 23.
Slide 11: New Mineralised Zones
Mabilo Project: New Mineralised Zones Open along strike, down plunge, regionally TSX: RTG // ASX: RTG // RTGMINING.COM 11
Slide 12: Restructuring Plans Agreed with TVIRD
Mabilo Project: Restructuring Plans Agreed with TVIRD Share of Economics Approx US$267M* (After Tax Cashflow and Debt before any Exploration Success) Key Deal Terms: • Operate project in Mt. Labo in one company structure • 60% held by TVIRD and 40% by SRM Gold/RTG • Typical minority protection claus
Slide 13: Economic Highlights
Mabilo Project: Economic Highlights $424M* NPV After - Tax5 Stage 1 – Direct Shipping 18 Months Stage 2 – Primary Concentrate Production Capex <$25M Capex $164M Pre-strip $31.1M Net Operating Cashflow Net Annual Operating Cashflow $117M* $86M* (after tax) (after tax) 18,300t Cu 27,800t Cu 48,000oz A
Slide 14: Stage 1 DSO Start-up
Mabilo Project: Stage 1 DSO Start-up Net cash flow after tax from DSO forecast at US$117M* • Strong collaboration between the teams as focus continues Products by Month towards operational start-up of high-grade DSO operation planned for H2 2024 1-5 Gold Cap ~300,000 t @ avg 3.2 g/t Au • Recently co
Slide 15: Project Summary: Leverage to Copper Price
Mabilo Project Summary: Leverage to Copper Price Approx 55% of the project contribution from copper with expectation of improved copper prices Current Commodity 10% Increase in Cu 20% Increase in Cu Prices* US$M** US$M*** US$M NPV5 $486M $548M $424M 14% increase 29% increase Net Cashflow from DSO (a
Slide 16: Stage 1 US$65M Financing Offer
Mabilo Project: Stage 1 US$65M Financing Offer Debt financing for 100% of DSO CAPEX – 2020 (to be refreshed) • Estimated capex of under US$25M and working capital of up to US$10m • Debt facility offered by highly respected international global leader for US$25m and US$5m cost overrun at lender’s ele
Slide 17: Targeted Timeframes
Mabilo Project: Targeted Timeframes Development commitment and exploration to grow resources and reserves Initial focus will be on refreshing permitting, financing offers and Feasibility Study costings and finalising acquisition of surface rights Target to commitment to development and DSO start-up
Slide 18: Stage 2 Primary Concentrate Production
Mabilo Project: Stage 2 Primary Concentrate Production Three high quality & clean concentrate products Average Average % of Net Concentrates Produced/Year Cashflow* Copper-Gold 65,000t 82.1% 27% Cu & 21 g/t Au Pyrite 3 g/t Au (46% 220,000t 3.8% Sulphur) Magnetite 535,000t 14.1% 65% Fe • 1.35 Million
Slide 19: Exciting Exploration Potential
Mabilo Project: Exciting Exploration Potential Potential for high grade copper/gold corridor & porphyry target at depth • Only 18,000M of drilling to date, drilling truncated early by Galeo • Drilling since November 2015 Resource increase indicates strong growth potential • Strong regional targets •
Slide 20: Proposed Drilling Plans
Mabilo Project: Proposed Drilling Plans Potential for high grade copper/gold corridor & porphyry target at depth • Drilling priority: Targeting resources within current pit design at relatively shallow levels to come into the mining phase early • 1.6 Mt inferred resource inside the pit, including ga
Slide 21: Exploration Game Changer
Mabilo Project: Exploration Game Changer High-quality porphyry drill targets • Magnetic feature correlated with Chargeable body directly adjacent to magnetite skarn resources • Strong magnetic body South of Venida pit correlated with strong Chargeable body • The NE dipping orientation of buried Char
Slide 22: Exploration Game Changer
Mabilo Project: Exploration Game Changer Porphyry signature: strong evidence of porphyry located close to identified orebodies • MDH-94 bornite-molybdenite chalcopyrite with rare visible gold around 150m • Re-log of MDH-03 at 120m showed porphyry style veining bornite- chalcopyrite with elevated cop
Slide 23: Mining in the Philippines
Mabilo Project: Mining in the Philippines New administration supportive of mining Mining in the Philippines • President Marcos took office in 2022 and has publicly stated his support for the mining industry • In December 2021, the DENR signed DAO No 2021-40, lifting the 4 year ban on open pit mining
Slide 24: Panguna Project
Panguna Project O P P O R T U N I T Y F O R R E D E V E L O P M E N T TSX: RTG // ASX: RTG // RTGMINING.COM 24
Slide 25: The Bougainville Opportunity
The Bougainville Opportunity RTG nominated as Landowner’s developer of choice only developer to have secured critical Landowner support • Panguna Mine was the largest operating copper & gold mine in the world, operated for 17 years and produced 3Mt or 6.6B lb of Cu & 9.3M oz of Au • Landowners own t
Slide 26: Bougainville Opportunity: BCL Mineral Resource
Bougainville Opportunity: BCL Mineral Resource US$86 Billion in minerals in the old mine 2015 Resource Estimate Indicated: 7.9Mt @0.51% Indicated and Inferred Resource** Cu Au CuEq Inferred: 1.8Bt 0.3% 0.34g/t 1.4Mt @ 0.45% Contained Metal 5.3Mt (11.66Blb) 19.3Moz Billion Contained Contained Dec 201
Slide 27: Chanach Project
Chanach Project E M E R G I N G N E W M I N I N G J U R I S D I C T I O N TSX: RTG // ASX: RTG // RTGMINING.COM 27
Slide 28: Chanach Summary: Recent Exploration Success
Chanach Summary: Recent Exploration Success An emerging high-grade copper and gold opportunity • RTG holds a majority stake (90%) in the high-grade Chanach Gold and Copper Project in the Kyrgyz Republic • Clear potential to host both a high-grade, large Copper – Gold Porphyry Skarn system, combined
Slide 29: Chanach: 3DIP and Drill Targets
Chanach : 3DIP and Drill Targets TSX: RTG // ASX: RTG // RTGMINING.COM 29
Slide 30: Chanach Project: Emerging New Jurisdiction
Chanach Project: Emerging New Jurisdiction HIGHLY ATTRACTIVE ACQUISITION TERMS Own 90% of project, acquisition cost US$3.65/oz Au and US$0.0063/lb Cu Highly accretive to value MAJOR UPSIDE Gold Equivalent Only 19,516 Metres Resource 790,600 Ounces* Drilled to Date 484Koz Au & 64Kt Cu GOLD MINERAL RE
Slide 31: Contact RTG Mining
Contact RTG Mining Please contact our team for any further information Justine Magee President & CEO Tel: +61 8 ANNUAL 6489 2900 GENERAL Email: jmagee@rtgmining.com MEETING Mark Turner Chief Operating Officer WEDNESDAY 31 MAY 2023 Tel: +61 8 6489 2900 Email: mturner@rtgmining.com BUSINESS OF THE Jai