Resolute Mining Limited · ASX:RSG
Resolute Mining — Shareholder Meeting (November 2014)
20 slides from Resolute Mining's shareholder meeting presentation, Nov 25, 2014
Slide 1: CEO's Presentation at AGM (ASX announcement)
ASX ANNOUNCEMENT For personal use only 25 November 2014 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). GREG FITZGERALD Company Secretary
Slide 2: Annual General Meeting
For personal use only Annual General Meeting Chief Executive Officer – Peter Sullivan 25 November 2014
Slide 3: Disclaimer
DISCLAIMER This presentation includes certain statements, estimates and projections with respect to the future performances of Resolute For personal use only Mining. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assumptions may prove not
Slide 4: 2014: Solid financials through the gold cycle
2014: Solid financials through the gold cycle Focus on cash For personal use only Financial Highlights FY14 • Generating cash over a wide range of gold prices $2,000 Gold production 342,774 oz $1,800 Cash Costs A$922/oz $1,600 Gold price received A$1,413/oz Gold price (AUD) $1,400 Net profit after t
Slide 5: Major Activities
Major Activities Pursuing a range of opportunities For personal use only Syama – Mali • Oxide circuit expansion – commissioning to complete next month ahead of schedule • 70,000 oz/pa production lift to ~270,000oz/pa from 2015 • Stage 2 mine plan re-optimisation – open pit and U/G cutover under revi
Slide 6: Prudent cash flow management
Prudent cash flow management Operational flexibility in lower gold price environment For personal use only FY2014 $1,800 2.10 • Syama modified mine plan with reduced $1,700 1.80 capital expenditure Gold (USD) ‒ Stage 3 cut back removed, revised Stage 2 $1,600 1.50 RSG Price • Drive to reduce operati
Slide 7: Syama: resetting the project
Syama: resetting the project Managing operations closely For personal use only Syama Gold Production 200,000 • Oxide Circuit Production 175,000 – Commissioning on budget ahead of schedule 150,000 125,000 – 1mtpa throughput, 70,000oz/pa ounces 100,000 – ~ US$700/oz cash cost 75,000 – Oxide ore bodies
Slide 8: Syama at depth
Syama at depth Underground boosting ore reserves For personal use only • Supports viable robust long term mine life • Latest results firm up ore body quality at depth and increase size of potential U/G opportunity – 88m @ 2.73g/t Au (from 413m) – 47m @ 3.00 g/t Au (from 621m) – 55m @3.71 g/t Au (fro
Slide 9: Bibiani: Advanced Ghana gold project
Bibiani Advanced Ghana gold project For personal use only • Advanced gold project in West Africa – 1.7Moz Mineral Resources 1 – 3Mtpa CIL processing plant – +4Moz historic production • Fully developed site, recommencing production primarily a mine planning exercise Surface drilling target (South Hil
Slide 10: Bibiani Feasibility Drilling
Bibiani Feasibility Drilling Exceptional results from initial surface and underground holes For personal use only • Historic underground workings over 2.0km strike length and 800m depth, reported 2.0Mozs @ 9.5g/t recovered • Decline for mechanised equipment down 200m beneath pit with 500m total deve
Slide 11: Ravenswood Mt Wright consistent delivery
Ravenswood Mt Wright consistent delivery Extended mine life For personal use only • Ore production consistent 1.4Mtpa from sub-level shrinkage • Grade dilution well within expectation • 46% increase to Mt Wright ore reserve1 – Mining to extend below 600RL base – Additional 1.7Mt of ore, 137,000oz go
Slide 12: Ravenswood: Beyond Mt Wright
Ravenswood: Beyond Mt Wright New resource provides potential extension to Ravenswood For personal use only Buck Reef West • New 1.3Moz gold resource defined1 • Opportunity for a larger scale open pit • Reserves close to Ravenswood processing facility • Scoping study being finalised to assess open pi
Slide 13: Golden Pride: End of a long mine life
Golden Pride End of a long mine life For personal use only • Closure of Golden Pride end of 2013 after 15 Key statistics years in production RSG ownership 100% • Demolition of treatment plant and site rehabilitation completed Commissioned 1998 • Handover to Government planned Dec 2014 Production (FY
Slide 14: Proven gold producer
Proven gold producer Australian gold company with a focus on Africa For personal use only • Long term gold producer - 26th year of gold production • Experienced project operator and developer • Operated 9 mines across Australia and Africa (incl. 7 mines developed and closed) • ~7Moz gold produced si
Slide 15: Reserves and Resources
Reserves and Resources Reserves and Resources Strong underlying gold base Strong underlying gold base For personal use only Total Mineral Resource • Total Reserves and Resources 20% and Ore Reserve at 30 June 2014 16 – Reserves at +5Moz of gold: Gold contained ounces (Moz) 14 – 30% compared to F
Slide 16: A sustainable gold producer
A sustainable gold producer Flexibility through the gold cycle For personal use only • Long-term operator in Africa and Australia • +5Moz gold Reserves, +10Moz Resources • FY2015 guidance of 315,000oz at $890/oz • Operational flexibility in lower gold price environment • Cash generating over wide ra
Slide 17: Thank you
For personal use only rml.com.au Thank you
Slide 18: JORC Reserves
JORC Reserves RESOLUTE GROUP RESERVES and RESOURCES Reserves and Resources comply with the Australian code for reporting of Mineral Resources and Reserves (The JORC Code 2004 and JORC Code 2012) For personal use only Reserves and Resources Statement as at 30 June 2014 As at 30 June 2013 Gold Reserve
Slide 19: JORC Measured & Indicated Resources
JORC Measured & Indicated Resources 1 Gold Resources Gold Project Group Group Gold Project Group Group (includes stockpiles) Project grade Contained Share Share Project grade Contained Share Share For personal use only Tonnes (g/t) Ounces % Ounces Tonnes (g/t) Ounces % Ounces RESOURCES 1 RESOURCES 1
Slide 20: JORC Inferred Resources
JORC Inferred Resources 1 Gold Resources Gold Project Group Group Project Group Group Gold For personal use only (includes stockpiles) Project grade Contained Share Share Project Contained Share Share grade Tonnes (g/t) Ounces Gold % Ounces Tonnes (g/t) Ounces % Ounces Comments on Differences Resour
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