Resource Minerals International Ltd · ASX:RMI
Resource Minerals International — Resource Mining — Investor Presentation (October 2006)
17 slides from Resource Minerals International's investor presentation, October 2006
Slide 1: Renounceable Rights Issue Presentation
Renounceable Rights Issue Presentation October 2006
Slide 2: Disclaimer
Disclaimer • This presentation has been prepared by Resource Mining Corporation Limited ("Company") in connection with the proposed pro-rata renoucenable rights issue to existing shareholders of 85,508,562 fully paid up ordinary new shares in Resource Mining Corporation Ltd on the basis of one (1) N
Slide 3: Corporate Overview
Corporate Overview SHARE CAPITAL DIRECTORS 342,034,250 shares on issue John Leach (BA Eco, MBA) 85,508,562 this rights issue Executive Chairman Market Capitalisation $13m Warwick Davies (BA Eco, Cert. (342m shares $0.038) Chem) Executive Director MAJOR SHAREHOLDERS Alan Rule (BCom, BAct, ACA) • Mini
Slide 4: Share Price History
Share Price History Volume('000) Share Price Performance Price ($) 0.10 14,000,000 0.09 12,000,000 0.08 10,000,000 0.07 8,000,000 0.06 6,000,000 0.05 4,000,000 RMC Issue Price 2.3 cents 0.04 Issue Price 2.5 cents 2,000,000 0.03 0 0.02 12 months
Slide 5: Major Projects
Major Projects WOWO GAP (100%) ► Nickel laterite deposit ► Inferred Resource 120mt at 1.2% Ni, 0.1% Co ► Potential to significantly expand resource tonnage ARGYLE IRON ORE (75%) ► Funds being raised to conduct ► Haematite/plus Magnetite further resource definition work potential ► Inferred Resource
Slide 6: Rights Issue
Rights Issue •1 for 4 renounceable rights issue •price of 2.3 cents •to raise $1,966,697 Share Capital Cash (M/shares) ($M) At 30 September 342.0 0.9 Rights Issue 85.5 2.0 Total 427.5 2.9
Slide 7: Wowo Gap – Nickel/Cobalt Project
Wowo Gap –Nickel/Cobalt Project
Slide 8: Wowo Gap – Nickel/Cobalt Project
Wowo Gap –Nickel/Cobalt Project • Inferred Resource of 120mt at 1.20% Ni and 0.1% Co • up to 1.81% Ni in the limonite zone and up to 2.34% Ni in the underlying saprolite material • Higher grade saprolite mineralisation not fully assessed at depth • Potential to increase resource north and south
Slide 9: Nickel Price Fundamentals
Nickel Price Fundamentals • 66% of world’ s nickel consumed in stainless steel • Laterite hosted nickel now accounts for over 40% of global production • Rising demand and low inventory levels continue to support higher nickel price • Future nickel supply will become increasingly reliant on processin
Slide 10: Argyle Iron Ore Project
Argyle Iron Ore Project Wyndham Kununurra Argyle Project ) \ 2 4 n f
Slide 11: Argyle Iron Ore Project
Argyle Iron Ore Project Operational Philosophy 1-2 Mtpa for Export to Chinese Steel Mills Inferred Resource: 17mt at 55% Fe MINE ► Mineralisation dips 10º to 15º to east ► Low waste stripping ratio <0.5:1 ► Contractor operation, 45/50 tonne trucks, small front end loader PROCESSING ►Contractor crush
Slide 12: Argyle Iron Ore
Argyle Iron Ore DEVELOPMENT PHILOSOPHY Equity Partner • Small to medium Chinese steel mill being sought as JV Partner • Privately owned mill with ore supply quality linked to Argyle quality • Steel mill off-take provides guaranteed source of iron ore supply • Interest already shown by candidate mill
Slide 13: Other Projects
Other Projects QUEENSLAND - THREE RIVERS and GREENVALE •Joint Venture with Straits Resources •Straits earning 70% by spending $1,070,00 over 3 years. •Entitled to earn an additional 20% by spending $700,000 over a further 2 years •Nickel laterite MUSGRAVE –BLACKSTONE RANGE / MICHAEL HILLS •Farm-In w
Slide 14: Use of Funds
Use of Funds •1 for 4 renounceable rights issue •price of 2.3 cents •to raise $1,966,697 Wowo Gap $ 980,000 Argyle Iron Ore $ 250,000 Cost of Issue $ 224,000 Working Capital Increase $ 512,697 Total $ 1,966,697
Slide 15: Use of Funds
Use of Funds WOWO GAP (100%) ARGYLE IRON ORE (75%) • Radar (GPR) and • Complete mining magnetics geophysical scoping study survey • Diamond drilling •‘Whole of tenement’ exploration potential review • Resource upgrade • Attract joint venture partner
Slide 16: Timetable
Timetable Lodge Prospectus with 24 October ASIC/ASX Ex Date –Rights trading 27 October commences Record date 2 November Dispatch Prospectus 8 November Rights trading ends 15 November Closing date 22 November
Slide 17: Summary
Summary A CHANGE OF EMPHASIS FOR RMC ► Nickel opportunity at Wowo Gap has the potential to add great value ► The Directors believe that worldwide demand for nickel (and thus prices) should remain high ► The Company intends to focus more on Wowo Gap with a programme that will increase our confidence
Resource Mining — Investor Presentation (October 2006) on 6ix