Rio Tinto Plc · LSE:RIO
Rio Tinto — Diggers & Dealers 2019
14 slides from Rio Tinto's conference presentation, Aug 5, 2019
Slide 1: Breaking Cover
Breaking Cover Stephen McIntosh – Group Executive Rio Tinto 5 August, 2019 – Diggers & Dealers
Slide 2: Cautionary statements
Cautionary statements This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited (“Rio Tinto”). By accessing/attending this presentation you acknowledge that you have read and understood the following statement. Forward-looking statements This document, including but not limited to a
Slide 3: Safety and exploration success have to go hand in hand
Safety and exploration success have to go hand in hand Exploration All Injury Frequency Fate (AIFR) per 200,000 hours worked Relentless safety focus across 1.60 our entire global footprint 1.40 1.52 1.20 There is no exploration 1.00 1.08 success without a safety 0.80 first mindset 0.60 0.40 All inju
Slide 4: A truly global footprint – well funded and very active
A truly global footprint – well funded and very active Exploring for 7 different commodities across 17 countries* Targets tested Metres drilled (km) 67 97 54 89 2017 2018 2017 2018 Tenements / Active hectares agreements (millions) Iron Ore Bauxite Copper 261 8.2 Diamonds Uranium 174 Minerals 7.3 Ni/
Slide 5: 7 decades of industry leading discovery performance
7 decades of industry leading discovery performance 1947 1950 1955 1956 1960 1962 1964 1968 1970 1975 1977 1980 1983 1986 1990 1994 1996 1999 2002 2004 2006 2007 2008 2009 2011 2014 2015 2018 2019 1947 1955 1962 1972 1979 1996 2002 2004 2006 2009 2018 Canada Australia Australia South Africa Australi
Slide 6: A high conversion rate - a lot of our discoveries went into production
A high conversion rate - a lot of our discoveries went into production 12 Tier 1 & 2 Production Non-production 10 Number of discoveries 8 6 4 2 0 47-60 61-70 71-80 81-90 91-00 01-05 Discovery handover year 6 Source: Rio Tinto Exploration internal analysis. Data from 2005 onwards excluded, given lag
Slide 7: The lost decade - the industry got busy being busy, but found less
The lost decade - the industry got busy being busy, but found less 80 30 70 Industry success historically tied Exploration budget (2018 US$b real) 25 60 to spend Number of discoveries 20 50 40 15 From ’94-’08 there was a fairly uniform 30 10 trend for spend and discovery success 20 5 10 But then the
Slide 8: Industry consolidation had an impact, but it is now time for all to step up
Industry consolidation had an impact, but it is now time for all to step up Then Now CRA 8 ©2019, Rio Tinto, All Rights Reserved
Slide 9: Analytics and technology enabled exploration strategy
Analytics and technology enabled exploration strategy Sophisticated proprietary tools & techniques Rapid application of new technologies + Geochronology Automated Hyperspectral “Greenrocks” Drones Data in the field & Fertility Mineralogy Imaging Predictive Search Research New models Analytics Analyt
Slide 10: Rio Tinto has an excellent track record of effectively exploring beneath cover
Rio Tinto has an excellent track record of effectively exploring beneath cover 1900 1920 1940 1960 1980 2000 2020 Industry discoveries are increasingly at 0 depth – typically greater capital at risk for 500 investment 1,000 Rio Tinto has an excellent track record of effectively exploring beneath cov
Slide 11: Technology on show at FalCon
Technology on show at FalCon Not a typical site Novel application of existing non- mining technology Working with our partner to quickly identify the potential 11 FalCon diamond project - cutter crew changeover after reaching 228.4 metres depth ©2019, Rio Tinto, All Rights Reserved
Slide 12: Exploration success at Winu
Exploration success at Winu Copper-gold mineralisation Close to surface ~50-100m ~2.1 km strike length 100% owned Extensive drilling in 2019 12 Winu Project, Paterson province north-western Australia ©2019, Rio Tinto, All Rights Reserved
Slide 13: Focussed on defining the supergene zone - a possible starter case
Focussed on defining the supergene zone - a possible starter case *For full details, see the Notice to ASX dated 1 August 2019 (“Rio Tinto Exploration Update – Winu project”) and accompanying information provided in accordance with the Table 1 checklist in The Australasian Code for the Reporting of
Slide 14: Best in class analytics & technology
Best in class analytics & technology Industry needs to crack the code on cover – Rio Tinto will play it’s part Ready to partner globally 14 The Winu Project’s impressive skyline, Paterson province north-western Australia ©2019, Rio Tinto, All Rights Reserved