Red Rock Resources plc · LSE:RRR

Red Rock Resources — Investor Presentation (January 2011)

32 slides from Red Rock Resources's investor presentation, Jan 31, 2011

1. Slide 1: February 2011

   February 2011

2. Slide 2: Disclaimer

   Disclaimer These presentation slides (the “Slides”) do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribe for any securities of the Company and they should not be relied on in connection with a decision to purchase or subscribe for any such securities

3. Slide 3: Corporate Profile

   Corporate Profile  AIM Listed Company (AIM:RRR)  Interests: Migori gold project in Kenya Two gold mines in Colombia Two gold mines in Costa Rica  Major Shareholder: Regency Mines (21%)  Share Price: 13.50 pence  Market Cap: £92.2m  Shares in Issue: 683,314,017 3

4. Slide 4: Share Price & Volume

   Share Price & Volume Share Price: 13.5p (31.01.11) 4

5. Slide 5: Gold: Kenya

   GOLD: KENYA 5

6. Slide 6: Migori: Project Overview

   Migori: Project Overview Mid Migori Mining (MMM) Company Limited operates the Migori gold and base metals project RRR owns 15% of MMM with farm in to raise to 60% Historic gold and base metals mining between 1930s-60s Geita • Located in SW Kenya, 15 km north of the Tanzanian border AngloGold 1.89 g/

7. Slide 7: Migori: Project Map

   Migori: Project Map Option over further 320 sq km SPL 236 (Ngira Migori) Special Prospecting Licences 122 and 202 covering 310.5 sq km 7

8. Slide 8: Migori: Current Gold Resources

   Migori: Current Gold Resources Tonnes Grade Contained Prospect Category (kt) (g/t) Au (oz) KKM Indicated 22,110 0.96 680,000 Gori Maria Indicated 8,600 0.87 240,000 MK Indicated 1,450 2.32 108,000 Nyanza Indicated 840 5.32 144,000 2006 Subtotal: Indicated 33,000 1.10 1,172,000 NI 43:101 Macalder Tai

9. Slide 9: Migori: Tailings Project

   Migori: Tailings Project Macalder Tailings Dam  Mid- 2010: JORC-Compliant, Indicated Resource estimate  Estimate excluded 5 holes from smaller, adjacent tailings dam  Metallurgical test work currently under assessment 1.424 million tonnes containing 75,084 oz Au at 1.64 g/t Zone Volume (m3) Tonne

10. Slide 10: Migori: Exploration

    Migori: Exploration Dec2009 Resource drilling on Scout drilling the Macalder Tailings RC 507 metres Jan2010 Jul2010 VTEM helicopter Magnetic and Aug2010 survey over Macalder Radiometric survey Mine block across both licences Nov2010 Diamond Coring 2000+ metres Infill resource drilling Exploration Dr

11. Slide 11: Migori: VTEM Results

    Migori: VTEM Results VTEM Targets  T1 and T3 largest anomalies T1 East and west Macalder Mine Extensions T3 North of MK prospect. Anomaly over BIF outcrop T2 Smaller anomaly over Bushells prospect  Drilling planned at both targets to investigate deep conductors  Other anomalies - cultural

12. Slide 12: Migori: Objectives

    Migori: Objectives  Build a 2 - 3Moz resource base  Follow up high grade intersections Drill Macalder VMS and other Cu target Upgrade KKM Resource model with view to early production Upgrade confidence in the tailings resource. Plan for gold production  Explore new targets

13. Slide 13: Gold: Colombia

    VT, GOLD: Colombia

14. Slide 14: Colombia: Project Overview

    Colombia: Project Overview  Investment in two Colombian gold mines on Frontino Gold Belt – oldest in Colombia  Loan with rights to acquire up to 55% of operating company  El Limon 60 year old production history – production infrastructure in place  Production begins Jan 2011  Ore production obj

15. Slide 15: Colombia: Gold Geology

    Colombia: Gold Geology Frontino Gold Belt Mineralization in the Frontino Gold Belt, Antioquia is controlled by the OTÚ FAULT The Frontino Gold Belt is one of the world’s great mesothermal gold fields, with estimated production of 8-9 Moz from the Segovia-Remedios region alone. 15

16. Slide 16: Colombia: Assets

    Colombia: Assets El Limon  60-year-old mine  Vein-style gold deposit produced ore from 7 levels down to 380m.  Plant with 150 tpd capacity re-opened December 2010  Running in – up to 30 tpd so far Machuca (La Aurora)  Further south on same trend. Initial shaft to depth of 180m in place; infrast

17. Slide 17: Colombia: Deal Structure

    Colombia: Deal Structure 3 year $US2m loan to Mineras Four Points (MFP)  5% interest  3 year Consultancy Agreement at $200K and increasing to $350k/quarter (Gross Return $3.2m)  Total agreed return 15% EBITDA if greater Option (2 yr period) to acquire 50% of MFP for $6.5m Option (3 yr period) to

18. Slide 18: Colombia: Objectives

    Colombia: Objectives  Looking for extensions to the vein  Expanding plant capacity to 250tpd and 400tpd  Exploring for other veins  Expanding property portfolio in order to grow production 18

19. Slide 19: Gold: Costa Rica

    VT, GOLD: Costa Rica

20. Slide 20: Costa Rica: Deal Structure

    Costa Rica: Deal Structure Investment in Ascot Mining  Announced on 19th November 2010  £1.5million investment @20p (now 47.5p)  Ascot [ASMP] quoted on PLUS market  Enables Ascot to meet payment obligations for producing Chassoul gold mine  2/3 other mines  Convertible + options give up to 23%

21. Slide 21: Costa Rica: Location

    a “e ~ Costa Rica: Locat Sarapiqui Gold Bell IC ARAGUA Ba costs i Me or Talamanca Gold-Copper = "BRERA Osa-Burica Gold Belt

22. Slide 22: Costa Rica: Gold Geology

    Be ws Costa Rica: Gold REDROCK Scale= 1 2 600,000 (Onainch equals approximately 13}lonters DESCRIPTION OF MAP UNITS ‘SURFICIAL DEPOSITS Alluvial and colluvial dopasits (Quaternary)~includos landstido, ee VOLCANIC AND SHALLOW INTRUSIVE ROCKS QD ne set geretag sgeore P= (Geetenan Love tow, Sogiomersie

23. Slide 23: Costa Rica: Gold Geology

    Costa Rica: Gold Geology Chassoul Gold Mine  Ascot's wholly owned Mina Chassoul now in operation and pouring gold.  Construction of infrastructure and plant carried out in 2010.  One explored vein and eight yet unexplored veins. Two other mines now contributing ore 23

24. Slide 24: Other

    OTHER 24

25. Slide 25: Tasmania and WA

    Tasmania and WA  Arthur River tenement  Arthur lineament, NW Tasmania  Magnetite target – five RC holes drilled  Fe mineralisation encountered – results awaited  Other tenements, WA  Prospectivity for Cu, Au, Mn 25

26. Slide 26: Financial Summary

    VT, FINANCIAL SUMMARY

27. Slide 27: Investment Holdings

    Investment Holdings Jupiter Mines Ltd  ASX –listed ‘steel feed’ platform created by RRR/Pallinghurst with potential 1.3 bn ton Mt Ida magnetite project in WA (RRR has 1.5% royalty)  August 2010- agreed to acquire open pit manganese mine at Tshipi, South Africa  Jan 2011 – JORC Resource at Mt Ida

28. Slide 28: Investment Holdings 2

    Investment Holdings 2 Ascot Mining plc  Two operating gold mines in Costa Rica; two or three potential mines  Plan to move listing from PLUS to AIM early 2011  RRR holds loan stock convertible to 7.5m shares, 1.54m shares, and 9.5m options  Market value of holdings (net) £7.1m Cue Resources Inc

29. Slide 29: Summary

    SUMMARY 29

30. Slide 30: Key Points

    Key Points A new gold company:  Production started in Colombia  1.2m oz Indicated Gold Resource in Kenya  Plans for production in Kenya  Increase in production to over 1200 ounces per month in Costa Rica but not a new company:  Proven capacity to generate profits  Active exploration  Strong a

31. Slide 31: 2010 – 2011 Key Objectives

    2010 – 2011 Key Objectives FURTHER INCREASE GOLD PRODUCTION/ CAPACITY in Colombia, EXERCISE OPTION START GOLD PRODUCTION in Kenya initially from tailings INCREASE GOLD PRODUCTION in Costa Rica 31

32. Slide 32: Analyst and press quotes

    ‘...analysts believe the shares are worth over 20p…investors looking for a way to benefit from current enthusiasm for gold should have a punt.’ Daily Mail – Midas Column, Joanne Hart, 26th Sept 2010 ‘Top-end scenario: NAV 61.59p per share’ Edison Investment Research, Charles Gibson, 22nd Sept 2010 w

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