Slide 1: ASX Announcement: CEO Presentation at Diggers & Dealers
ASX Announcement For personal use only 01 4 August 2015 Chief Executive Officer’s Presentation at Diggers & Dealers Attached is a copy of the Chief Executive Officer’s presentation to be given at the Diggers and Dealers Conference today. GREG FITZGERALD Company Secretary About Resolute: Resolute is
Slide 2: Diggers & Dealers 2015
For personal use only Diggers & Dealers 2015 Managing Director & CEO – John Welborn 4 August 2015, Kalgoorlie, Western Australia
Slide 3: Disclaimer
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 may prove not
Slide 4: Proven gold producer
For personal use only Proven gold producer Australian gold company with a focus on Africa 3
Slide 5: Corporate overview
For personal use only Corporate overview Key information Total Mineral Resource and Ore Reserve ASX Code RSG 16 Gold contained ounces (Moz) Shares 641M 14 12 5.06 Share Price A$0.245 10 4.30 Market Cap A$157M 8 6 Daily Turnover 3.6M shares 4 Cash/Bullion/Liq Inv A$54M 2 8.62 10.41 0 Debt A$118M 30 J
Slide 6: Strong Performance in FY2015
For personal use only Strong Performance in FY2015 Outperformance due to record production from Syama Production results for FY2015 (Unaudited): • Gold production of 328,684 ounces above guidance of 315,000 ounces • Cash costs of A$845/oz (US$707/oz), better than guidance of A$890/oz • All-In-Sustai
Slide 7: Strong Performance Outlook for FY2016
For personal use only Strong Performance Outlook for FY2016 Production generating cash over range of gold prices Production outlook for FY2016: • Gold production forecast to be 315,000 ounces • Cash costs forecast to be A$990/oz • All-In-Sustaining costs forecast to be A$1,280/oz • Potential for add
Slide 8: Corporate history
For personal use only Corporate history Resolute Historical Gold Production Resolute Historical Gold Production Ounces Ounces 8,000,000 2,500,000 7,000,000 2,000,000 6,000,000 1,500,000 5,000,000 1,000,000 4,000,000 3,000,000 500,000 2,000,000 - 1,000,000 - HIGGINSVILLE SOUTHERN CROSS MARYMIA CHALIC
Slide 9: Management team
For personal use only Management team CEO John Welborn Chief Business Development Chief Operating Officer Chief Financial Officer Officer Peter Beilby Greg Fitzgerald Peter Venn General Manager – Syama General Manager – General Manager – General Manager – General Manager – Finance Operations Explora
Slide 10: Operating Projects
For personal use only 9 OPERATING PROJECTS
Slide 11: Syama
For personal use only Syama A profitable, long life project Key statistics RSG ownership 80% Commissioned 2009 Production (FY15) 224,911 oz Production grade 3.53 g/t Cash costs (FY15) US$663/oz Mine life Beyond 2028 Total reserves 3.1 Moz “Syama is a long life Reserve grade 2.5 g/t flagship project
Slide 12: Syama overview
For personal use only Syama overview Two mines in one Oxide Circuit • Completed in FY15 on budget ahead of schedule • Operating at ~1.3mtpa throughput, ~80,000oz/pa • Oxide ore bodies +6 years Reserves • Significant Satellite ore body potential Sulphide Circuit • Ore Stockpile of +6 million tonnes @
Slide 13: The two Syama circuits
For personal use only The two Syama circuits OXIDE CIRCUIT SULPHIDE CRUSHING CIRCUIT ROASTING SULPHIDE CIRCUIT OXIDE CIRCUIT ROM ROM SULPHIDE CIRCUIT 1.3 MTPA 2.2 MTPA CRUSH CRUSH STOCKPILE STOCKPILE 24HRS MILL MILL FLOAT ROAST GOLD CIL RECOVERY CIL OXIDE TSF CN TSF FLOAT TSF 12
Slide 14: Syama underground
For personal use only Syama underground New PFS Delivers major Boost for Underground Development • Supports viable robust long term mine life • Updated Underground Ore reserve increased to 25.5 million tonnes at 2.8g/t for 2.3 million ounces • Probable Ore Reserves will extend mining until at least
Slide 15: Syama long section
For personal use only 14 Syama long section
Slide 16: Syama at surface – open pit satellites
For personal use only Syama at surface – open pit satellites • Regional exploration success drove decision to construct a new stand alone oxide processing circuit • Oxide plant commissioned in early 2015; under budget and ahead of schedule • Current simple low cost open pit mining activity at A21sat
Slide 17: Syama summary
For personal use only Syama summary • Robust, profitable, long life gold mine • Full year production in FY15 of 225,000 ounces at cash cost of A$800/oz (US$663/oz) • Positive opportunities for extensions and refinements: • Mineralisation open in all directions at depth • Significant satellite ore bo
Slide 18: Ravenswood
For personal use only Ravenswood Stable production Key statistics RSG ownership 100% Acquired 2004 Production (FY15) 103,773 oz Production grade 2.37 g/t Cash costs (FY15) A$940/oz 17
Slide 19: Ravenswood: Extended mine life
For personal use only Ravenswood Extended mine life • Ore production consistent 1.4Mtpa from sub-level shrinkage • Grade dilution well within expectation • Increase to Mt Wright ore reserve • Mining extended to 500RL base • Extending mine life to November 2016 • Exploration drilling continues, seeki
Slide 20: Ravenswood: Beyond Mt Wright
For personal use only Ravenswood: Beyond Mt Wright New resource provides potential extension to Ravenswood Buck Reef West / Nolans Scoping Study • New 1.3Moz Buck Reef West gold resource defined • Opportunity for a larger scale open pit • Nearby Ravenswood processing facility • Scoping study being f
Slide 21: Development
For personal use only Development Organic growth opportunity 20
Slide 22: Bibiani
For personal use only Bibiani Advanced Ghana gold project Bibiani Underground Mineral Resource Category Tonnes Grade Ounces Indicated 11.2 Mt 3.5 g/t 1.3 Moz Inferred 4.5 Mt 4.1 g/t 0.6 Moz Total 15.7 Mt 3.7 g/t 1.9 Moz Bibiani Resource at >2.0 g/t Au Cut-off JORC 2012 Compliant Resource “Enhanced m
Slide 23: Bibiani: Advanced Ghana gold project
For personal use only Bibiani Advanced Ghana gold project • Advanced gold project in West Africa • 1.9Moz Mineral Resources • 3Mtpa CIL processing plant • +4Moz historic production • Fully developed site, recommencing production primarily a mine planning exercise • Scoping Study indicated positive g
Slide 24: Exploration
For personal use only Exploration Unlocking and driving value 23
Slide 25: Exploration Portfolio
For personal use only Exploration Portfolio Renewed focus to unlock value and create opportunity • Highly prospective, underexplored tenure across West Africa and Australia • Exploration priorities being reassessed • Multiple high quality targets close to existing infrastructure at Syama in Mali, Ra
Slide 26: West African regional exploration
For personal use only West African regional exploration Large footprint 25
Slide 27: Mali regional exploration
For personal use only Mali regional exploration • Resolute controls 80km strike of the highly prospective Syama shear and surrounding Birimian Greenstone Belt. • Exploration is concentrating on building further oxide resources / reserves for the new Oxide circuit. • Current focus on 20km underexplor
Slide 28: Côte d'Ivoire regional exploration
For personal use only Côte d'Ivoire regional exploration • Resolute, a first mover into Côte d'Ivoire: • Largest economy in the West African Economic and Monetary Union (GDP 8% in 2014) • Excellent infrastructure – net exporter of power • Stable social, political and regulatory environment since 201
Slide 29: Queensland and regional exploration
For personal use only Queensland and regional exploration • Regional exploration in the Ravenswood area is focussed on locating breccia hosted gold deposits similar to Mt Wright and Mt Leyshon. • Work has commenced on a large rhyolite breccia system at Mt Glenroy 40km southeast of Ravenswood. • Mt G
Slide 30: Corporate responsibility
For personal use only Corporate responsibility Community, environment and safety • Building relationships through targeted and lasting social, safety and environmental programs. 29
Slide 31: Strategic focus
For personal use only Strategic focus • Production growth and extension • Syama sulphide and oxide to +250koz pa Resolute Production Potential • Bibiani potential production profile 600,000 • Syama underground extension 500,000 • Ravenswood extension - Buck Reef West, Nolans East and Sarsfield open
Slide 32: Future growth
For personal use only Future growth • Proven Long-term operator in Africa and Australia – experienced management team • +5Moz gold Reserves, +10Moz Resources • FY2016 guidance of 315,000oz at A$990/oz (US$760/oz) • 100% unhedged – strong leverage to gold price • Cash generating over wide range of go
Slide 33: Global - Gold - Growth
For personal use only ASX:RSG GLOBAL - GOLD - GROWTH