Slide 1: ASX Announcement: CEO presentation at Indaba Conference
ASX Announcement 7 February 2013 01 CHIEF EXECUTIVE OFFICER’S PRESENTATION AT INDABA CONFERENCE Attached is a copy of the Chief Executive Officer’s presentation given at the Indaba Conference. GREG FITZGERALD Company Secretary
Slide 2: Mining Indaba, Cape Town
MINING INDABA CAPE TOWN CHIEF EXECUTIVE OFFICER PETER SULLIVAN 6 FEBRUARY 2013
Slide 3: A Proven Gold Producer
A PROVEN GOLD PRODUCER One of the largest gold producers listed on ASX Operating assets across Africa and Australia FY2013 guidance of 415,000oz at A$830/oz 100% unhedged – strong leverage to gold price Internally funded Syama expansion to 270Koz pa Ungeared balance sheet provides flexibility for ca
Slide 4: Corporate Structure
CORPORATE STRUCUTRE Key Information ASX Code RSG Shares 642.9M Last Share Price1 $1.35 Market Cap1 A$870M Daily Turnover2 3.9M shares Cash/Bullion3 A$108M Debt3 A$17M Hedging NIL Shareholders ICM 29.9% M&G 11.6% Vanguard 9.0% Vinva I.M 5.1% 1. Current at 5 February 2013 2. Average CY2012 3. Current
Slide 5: A Transformational Year in FY2012
A TRANSFORMATIONAL YEAR IN FY2012 All operations performed strongly in FY2012 398,000ozs @ A$761/oz Reliability at Syama improved significantly Board approved a US$241M expansion of Syama Balance sheet transformed – minimal debt and strong cash, bullion and investment position Returned $40 million t
Slide 6: FY2013: Consolidating Our Position
FY2013: CONSOLIDATING OUR POSITION FY2013 guidance of 415,000oz at A$830/oz Outstanding first half – 222,943oz at A$783/oz Dividend of $31 million paid to shareholders Syama expansion underway – FY2014 Golden Pride closure – Nyakafuru assessment Strategic investment in Noble Mineral Resources 5
Slide 7: Resolute: In a Position of Strength
RESOLUTE: IN A POSITION OF STRENGTH A consistent gold Producing gold in FY13 forecast producer since 1989 Africa since 1996/97 415Koz at A$830/oz OZ 500,000 400,000 300,000 200,000 100,000 0 6
Slide 8: Working With Our Community Partners
WORKING WITH OUR COMMUNITY PARTNERS 7
Slide 9: Syama - A Profitable Long Life Project
SYAMA - A PROFITABLE LONG LIFE PROJECT Key Statistics RSG Ownership 80% Commissioned 2009 Production (1H FY13) 91,460 oz Production Grade 3.5 g/t Cash Costs (1H FY13) A$831/oz Mine Life 15+ years Total Reserves 3.6 Moz Reserve Grade 2.8 g/t Total Resources 2.8 Moz Resource Grade 2.7 g/t 8
Slide 10: Syama Expansion Is Extremely Robust at Current Gold Price
SYAMA EXPANSION IS EXTREMELY ROBUST AT CURRENT GOLD PRICE Major expansion approved June 2012 ‒ Expansion of open pit ‒ Establishment of oxide circuit ‒ Infrastructure including grid power connection Captures total reserves of 3.68Moz including 557Koz oxide material Production increases to aver
Slide 11: Golden Pride – A Strong Production Record
GOLDEN PRIDE – A STRONG PRODUCTION RECORD Key Statistics RSG Ownership 100% Commissioned 1999 Production (1H FY13) 62,412 oz Production Grade 1.8 g/t Cash Costs (1H FY13) A$710/oz Mine Life 0.5 year Total Reserves 0.1 Moz Reserve Grade 1.8 g/t Total Resources 1.4 Moz Resource Grade 1.8 g/t 10
Slide 12: Golden Pride – Rehabilitation
GOLDEN PRIDE – REHABILITATION Closure of Golden Pride in mid 2013 after 15 years in production Rehabilitation well advanced as progressively undertaken since commencement Cost provision of ~$10m Plant options being considered 11
Slide 13: Potential to Leverage Experience in Tanzania
POTENTIAL TO LEVERAGE EXPERIENCE IN TANZANIA Existing 1.1Moz resource located 120km NW of Golden Pride at Nyakafuru Studies underway to evaluate a future development at Nyakafuru – potential to transport GP plant Extensive RC/diamond drilling at Nyakafuru is producing good results 12
Slide 14: Ravenswood – Stable, Long-Term Production
RAVENSWOOD – STABLE, LONG -TERM PRODUCTION Key Statistics RSG Ownership 100% Commissioned 2004 Production (1H FY13) 69,071oz Production Grade 2.9 g/t Cash Costs (1H FY13) A$785/oz Current Mine Life 3+ years Total Reserves 1.5 Moz Reserve Grade 0.9 g/t Total Resources 0.9 Moz Resource Grade 0.8 g/t 1
Slide 15: Re-opening of Sarsfield Remains an Option
RE-OPENING OF SARSFIELD REMAINS AN OPTION Potential to extend Ravenswood life and increase production by reopening Sarsfield pit ‒ Reserves of 1.1Moz ‒ Additional 110kozpa output ‒ Mine life extended by 9 years Feasibility Study estimated capital cost of $123M and LOM average cash costs of $1106
Slide 16: High Value Exploration Portfolio
HIGH VALUE EXPLORATION PORTFOLIO Highly prospective, underexplored tenure spread across Mali, Cote d’Ivoire, Tanzania and Australia Strong balance sheet enables renewed exploration focus to unlock value and add exploration premium Exploration budget for FY13 US$22M Multiple high quality targ
Slide 17: Noble Mineral Resources Investment
NOBLE MINERAL RESOURCES INVESTMENT Resolute recently acquired a 19.99%1 stake in Noble and backed a A$85 million financing package Noble operates the Bibiani gold mine in Ghana To date Bibiani has underperformed and not met production or cost forecasts Resolute to provide Noble with technical suppor
Slide 18: A Proven Gold Producer
A PROVEN GOLD PRODUCER One of the largest gold producers listed on the ASX Operating assets across Africa and Australia FY2013 guidance of 415,000oz at A$830/oz 100% unhedged – strong leverage to gold price Internally funded Syama expansion to 270Koz pa Ungeared balance sheet provides flexibility fo
Slide 19: Thank you / Disclaimer
Thank you 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 may prove not to be cor
Slide 20: JORC Reserves
JORC RESERVES Reserves and Resources Statement at 30 June 2012 Resolute Resolute Gold Reserves Project Group Group {includes stockpiles) Project es Contained Share Share ‘Ounces Tonnes (ait) Gold %. ‘ounces RESERVES Reserves ( Proved) Australia Mt Wright (insitu)? 4,845,000 26 400,000 100% 400,000 S
Slide 21: JORC Resources
JORC RESOURCES Notes: 1. Mineral Resources are exclusive of Reserves – differences may occur due to rounding. 2. All Resources and Reserves are reported above 1gpt cut-off except Sarsfield above 0.4gpt cut-off and Nyakafuru above 0.5gpt cut-off. 3. Mt Wright underground Reserves and Resources report