Slide 1: Annual General Meeting Chief Executive Officer Presentation
For personal use only ASX ANNOUNCEMENT ANNUAL GENERAL MEETING CHIEF EXECUTIVE OFFICER PRESENTATION 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). For and on behalf of the Board GREG FIT
Slide 2: Annual General Meeting November 2009 - Syama, the bigger picture
For personal use only A Annual lGGenerall M Meeting ti November 2009 y Syama – the bigger gg p picture
Slide 3: Disclaimer
AGM 2009 2 For personal use only 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
Slide 4: Introduction
AGM 2009 3 For personal use only INTRODUCTION • Major j Asset of Resolute ( Resolute 80%, Mali Govt 20%) • Located in southern Mali • Over 6 million ounces in Reserves and Resources • Production of 250,000+ ozs pa @ US$480/oz • Potential for 10+ Year Operation • Emerging gold belt
Slide 5: History
AGM 2009 4 For personal use only HISTORY • Ore Carbonaceous/Refractory • Roasting Required For Gold Recovery • Previous Operators Developed “Whole Of Ore” Roast • Placed on Care and Maintenance in 2001 • Resolute Acquired Project in 2003 • US$186m to Redevelop • Ramp Up Commenced June 2009
Slide 6: Resolute Circuit - Concentrate Roast
AGM 2009 5 For personal use only RESOLUTE CIRCUIT Concentrate Roast
Slide 7: Mine
AGM 2009 6 For personal use only MINE • Reserves 2.0Mozs • LOM Grade 3.3g/t 3 3g/t • LOM Strip Ratio 5:1 • Cut back ~12 Months Remain • Waste Volumes Drop, Ore Mining Volumes Increase • Sulphur and Carbon Distribution Important
Slide 8: Plant
AGM 2009 7 For personal use only PLANT • Treatment Circuit Validated • Commissioning Ramp Up Phase • Gold Production – June Q 10,536 ozs – September Sep e be Q 14,616 ,6 6 o ozs s – October 6,665 ozs • Mechanical Issues Resolved in Oct Shutdown • Throughput Target 2.4 Mtpa • Plant Optimisation Over
Slide 9: Environment
AGM 2009 8 For personal use only ENVIRONMENT • World Bank Standards Targeted • Wide Monitoring g of Emissions • Planning for Legacy issues • Nursery Established
Slide 10: Community Relations
AGM 2009 9 For personal use only COMMUNITY RELATIONS • Community Consultative Committee Has Broad R i Regional lRRepresentation t ti • Health Survey • Improvements to Community Infrastructure • Programs for Sustainable Projects
Slide 11: Further Value Add
AGM 2009 10 For personal use only FURTHER VALUE ADD • Near Plant Oxide Resources • U d Underground dRResources • Grid Power Connection • Exploration
Slide 12: Near Plant Oxide
AGM 2009 11 For personal use only NEAR PLANT OXIDE • Considerable Near A21 - Quartz Vein Hill Mine Oxide Ore Oxide mineralisation over 6 km of strike A21 185,000oz reserve • Add Free Milling (2.0mt@2.9g/t) Circuit A21 & QVH 601,000oz resource • Targeting T ti 1 – 1.5 15 mtpa Oxide Feed Main Pit • De
Slide 13: Underground
AGM 2009 12 For personal use only UNDERGROUND • Underground Resource +3.0m ozs • Decline From Pit • 2007 Scoping Study Shows Positive Result to 100m Below Pit • Infill Drilling For Resource Upgrade and Stope Design
Slide 14: Grid Power Connection
AGM 2009 13 For personal use only GRID POWER CONNECTION • West African Power Pool Interconnection with Cote d’Ivoire Syama • Passes ~50km from Syama • Current Diesel Power Generation Costs ~1/3 of Cash Costs • Connection Can Substantially Reduce Costs • Significant For Syama Underground • Advance Ov
Slide 15: Exploration
AGM 2009 14 For personal use only EXPLORATION • Located in prolific West African Birimian Greenstone Belt • Tenure covers ~ 75 km of the highly g yp prospective p and under explored Syama Shear • Resolute exploration delineated over 1.3M ounces at a discovery cost ~ US$5 per ounce ounce. • Step up i
Slide 16: Impact on Resolute
AGM 2009 15 For personal use only IMPACT ON RESOLUTE • Significant Long Term Production Asset • Lift Group Annual Production to 500,000 oz • Near Term Real Value Add Opportunities • Established Base in West Africa