Resolute Mining Limited · ASX:RSG
Resolute Mining — Shareholder Meeting (November 2013)
22 slides from Resolute Mining's shareholder meeting presentation, Nov 26, 2013
Slide 1: ASX Announcement: CEO Presentation at AGM
ASX ANNOUNCEMENT For personal use only 26th November 2013 01 CHIEF EXECUTIVE OFFICER’S PRESENTATION AT AGM 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
Slide 2: Annual General Meeting Perth
For personal use only ANNUAL GENERAL MEETING PERTH CHIEF EXECUTIVE OFFICER PETER SULLIVAN 26 NOVEMBER 2013
Slide 3: FY2013: Strong Performance Through Gold Cycle
FY2013: STRONG PERFORMANCE THROUGH GOLD CYCLE For personal use only Gold production Cash cost / ounce 500,000 1,000 Gold production up 9% to 435,855oz at A$811/oz 900 400,000 800 700 300,000 600 ounces Revenue increased 7% to $619M at average gold 500 $A price received of A$1,562/oz (FY12: A$1,627/o
Slide 4: FY2014: Focus on Cash, Optimising the Business
FY2014: FOCUS ON CASH OPTIMISING THE BUSINESS For personal use only Operating versatility and cash generating for wide range of gold price movements FY2014 guidance of 345,000oz at A$890/oz and All-In-Sustaining Cost of A$1,175/oz Solid first quarter - 84,274oz at A$970/oz Modified mine plan for Sya
Slide 5: Australian Gold Company with African Focus
AUSTRALIAN GOLD COMPANY WITH AFRICAN FOCUS For personal use only 4
Slide 6: Producing Gold for Years, Long Term Presence in Africa
PRODUCING GOLD FOR 25 YEARS LONG TERM PRESENCE IN AFRICA FY13 435Koz at For personal use only Producing gold A$811/oz Ahead of 500,000 in Africa since guidance 450,000 96/97 400,000 Consistent 350,000 gold producer since 1989 300,000 ounces 250,000 200,000 150,000 100,000 50,000 0 Australia Africa +
Slide 7: Syama - A Profitable Long Life Project
SYAMA - A PROFITABLE LONG LIFE PROJECT Key Statistics For personal use only RSG Ownership 80% Commissioned 2009 Production (FY13) 196,182 oz Production Grade 3.65 g/t Cash Costs (FY13) A$796/oz Gold Production 250,000 Mine Life (30 Jun 13) 10+ years 200,000 Total Reserves 2.4 Moz 150,000 Reserve Gra
Slide 8: Resetting Syama - Expansion Remaining Robust
RESETTING SYAMA - EXPANSION REMAINING ROBUST AT CURRENT GOLD PRICE For personal use only Major expansion approved June 2012 ‒ Expansion of open pit ‒ Establishment of oxide circuit ‒ Infrastructure including grid power connection Production increases to average 270,000ozpa Stage 3 of open pit
Slide 9: Ravenswood – Stable, Long-Term Production
For personal use only RAVENSWOOD – STABLE, LONG -TERM PRODUCTION Key Statistics RSG Ownership 100% Commissioned 2004 Production (FY13) 141,846 oz Production Grade 2.9 g/t Cash Costs (FY13) A$760/oz Gold Production 150,000 Mine Life (30 Jun 13) 10+ years 125,000 Total Reserves 1.5 Moz 100,000 Reserve
Slide 10: Mt Wright Delivering
MT WRIGHT DELIVERING For personal use only • Ore production consistent 1.4mtpa from sub level shrinkage • Grade dilution well within expectation • Decline completed to design depth • Assessment underway for potential to extend mining below 600RL base 9
Slide 11: Re-opening of Sarsfield Under Assessment
RE-OPENING OF SARSFIELD UNDER ASSESSMENT Potential to extend Ravenswood life For personal use only and increase production by reopening Sarsfield pit ‒ Reserve/Resources of 2.5Moz ‒ Additional 110kozpa output ‒ Mine life extended by 9 years Feasibility Study estimated capital cost of $123M and L
Slide 12: Golden Pride – Near End of Long Mine Life
GOLDEN PRIDE – NEAR END OF LONG MINE LIFE Closure of Golden Pride end of 2013 after 15 Key Statistics For personal use only years in production RSG Ownership 100% Rehabilitation well advanced as progressively undertaken since commencement Commissioned 1999 Production (FY13) 97,827 oz Cost prov
Slide 13: Potential to Leverage Experience in Tanzania
For personal use only POTENTIAL TO LEVERAGE EXPERIENCE IN TANZANIA Nyakafuru located 120km NW of Golden Pride Recently announced 388,000oz Reserve and 900,000oz in Resources RC/diamond drilling along Kanegele shear continues to deliver very good results over a 5km strike Studies continue to
Slide 14: High Value Exploration Portfolio
HIGH VALUE EXPLORATION PORTFOLIO Highly prospective, underexplored tenure spread For personal use only 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 FY14 US$15M Mult
Slide 15: Noble Mineral Resources: Advanced Ghana Gold Project
NOBLE MINERAL RESOURCES ADVANCED GHANA GOLD PROJECT Resolute acquired a ~20% stake in Noble and backed an For personal use only A$85M financing package in Nov 2012 Noble owns the Bibiani gold mine in Ghana − 2.8Moz Mineral Resources, 3Mtpa CIL processing facility and +4Moz of gold produced to da
Slide 16: Corporate Overview
CORPORATE OVERVIEW Key Information For personal use only ASX Code RSG Shares 641M Last Share Price1 $0.475 Market Cap1 A$304M Daily Turnover2 4.7M shares Cash/Bullion/Liq Inv3 A$59M Debt3 A$94M Hedging NIL Key Shareholders ICM 34.2% 1. At 25 Nov 2013 2. Average 12 month period to 30 Sep 2013 3. At 3
Slide 17: Reserves and Resources Update: June 2013
RESERVES AND RESOURCES UPDATE: 30 JUNE 2013 For personal use only Total Reserves and Resources up 13% − Reflecting modified Syama mine plan Total Mineral Resource and Ore Reserve and drilling success across 14 Queensland, Mali and Tanzania 12 Gold contained ounces (Moz) Reserves at 4.3Moz of gol
Slide 18: A Sustainable Gold Producer
A SUSTAINABLE GOLD PRODUCER One of the largest gold producers listed on the ASX For personal use only Long term operator in Africa and Australia FY2014 guidance of 345,000oz at A$890/oz 100% unhedged – strong leverage to gold price Cash generating over wide range of gold prices Lightly geared balanc
Slide 19: Thank you / Disclaimer
Thank you 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 m
Slide 20: JORC Reserves
JORC RESERVES RESOLUTE GROUP RESERVES and RESOURCES Reserves and Resources comply with the Australian code for reporting of Mineral Resources and Reserves For personal use only (The JORC Code 2004) Reserves and Resources Statement as at end of June 2013 Gold Reserves Project Resolute Group Resolute
Slide 21: JORC Measured & Indicated Resources
For personal use only JORC MEASURED & INDICATED RESOURCES Gold Resources 1 Project Resolute Group Resolute Group (includes stockpiles) Project Gold grade Contained Share Share Tonnes (g/t) Ounces Gold % ounces RESOURCES 1 Resources (Measured) Australia Sarsfield (insitu) 2 16,185,000 0.8 393,000 100
Slide 22: JORC Inferred Resources
For personal use only JORC INFERRED RESOURCES Gold Resources 1 Project Resolute Group Resolute Group (includes stockpiles) Project Gold grade Contained Share Share Tonnes (g/t) Ounces Gold % ounces Resources (Inferred) Australia Mt Wright (insitu)3 1,090,000 3.1 108,000 100% 108,000 Sarsfield (insit
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