Slide 1: Transformational growth catalysts to build shareholder value
For personal use only Transformational growth catalysts to build shareholder value Mining Indaba 2016, Cape Town, South Africa
Slide 2: Disclaimer
For personal use only Disclaimer This presentation includes certain statements, estimates and projections with respect to the future performances of Resolute. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assumptions may prove not to be
Slide 3: Resolute is a global gold producer, explorer, developer and innovator
For personal use only Resolute is a global gold producer, explorer, developer and innovator.
Slide 4: ASX Code RSG
For personal use only ASX Code RSG Shares 641M Share Price A$0.385 Market Cap A$247M
Slide 5: Massive Reserve and Resource Inventory
Massive Reserve and Resource Inventory For personal use only 14.3Moz: 5.3Moz in Reserves and 9.0Moz in Resources Peer Reserve and Resource Inventory Comparison (Moz) 14 Reserves "Moz" Resources "Moz" 12 9.0 10 8 5.9 6.6 8.9 5.0 5.2 6.8 6 5.5 5.6 7.4 5.2 4.1 5.3 4 3.8 4.0 4.5 4.4 2 2.0 2.3 2.5 2.8 2.
Slide 6: 7Moz over years of continuous gold production and counting
7Moz over 25 years of continuous gold production and counting… For personal use only Resolute Cumulative Production 8,000,000 7,000,000 Syama 6,000,000 Ravenswood 5,000,000 Golden Pride 4,000,000 Obotan 3,000,000 Bullabulling Chalice 2,000,000 Marymia Southern Cross 1,000,000 Higginsville 0 1990 199
Slide 7: Improving Operating Performance
Improving Operating Performance For personal use only Gross Profit for Operations • FY15 gold production of 328,685 ounces at cash cost ($A) of US$707/oz and AISC of US$915/oz 140 • Gross profit from operations of A$71 million in FY15 120 up from A$56 million in FY14 • Guidance for FY16 of 315,000 o
Slide 8: Building a Stronger Balance Sheet
Building a Stronger Balance Sheet For personal use only • Cash and bullion on hand as at 31 December of A$75 million • Cash generated from Syama and Ravenswood being used to pay down debt: • US$20 million gold prepay loan repaid in Oct 2015 • US$50 million facility to be completely repaid by 30 June
Slide 9: Working with our communities in Africa & Australia for a better future
Working with our communities in Africa & Australia for a better future For personal use only • Community programs in health, education, water and sustainability • Developing and maintaining mutually beneficial relationships with local communities, governments and the environment • Proud to support e
Slide 10: Transformational growth catalysts to build shareholder value
For personal use only Transformational growth catalysts to build shareholder value.
Slide 11: 1. Going underground at Syama: developing a robust, long life flagship gold mine
For personal use only 1. Going underground at Syama: developing a robust, long life flagship gold mine.
Slide 12: Key statistics
For personal use only Key statistics RSG ownership 80% Commissioned 2009 Production ( FY15) 224,911oz Production grade 3.53g/t Cash costs ( FY15) US$663/oz Mine life Beyond 2028 Total Reserves 3.5Moz Reserve grade 2.6g/t Total Resources 3.2Moz Resource grade 2.4g/t
Slide 13: For personal use only
For personal use only
Slide 14: Current operations at Syama
Current operations at Syama For personal use only Oxide Circuit • Completed in FY15 below budget and ahead of schedule • Operating at ~1.3Mtpa throughput, ~80,000oz/pa • Oxide ore bodies optimization program • Significant further Satellite ore body potential Sulphide Circuit • Ore Stockpile of +5 mi
Slide 15: Syama – a world class ore body
Syama – a world class ore body For personal use only • Supports a robust long term underground mine life • Current underground Ore Reserve of 25.5Mt at 2.8g/t for 2.3Moz • Ore Reserves will extend mining until at least 2028 • Recent infill and deep drilling results confirm potential to enhance Reser
Slide 16: Going Underground at Syama
Going Underground at Syama For personal use only A robust, long life flagship gold mine. • PFS Predicted cash cost of US$789/oz over extended mine life to at least 2028 • Underground Definitive Feasibility Study (DFS) due to be completed during June 2016 quarter: • Continuous Improvement Program und
Slide 17: 2. Ravenswood mine life extension: a strong future beyond Mt Wright
For personal use only 2. Ravenswood mine life extension: a strong future beyond Mt Wright.
Slide 18: Key statistics
For personal use only Key statistics RSG ownership 100% Commissioned 2004 Production (FY15) 103,773oz Production grade 2.37g/t Cash costs (FY15) US$778/oz Total Reserves 1.3Moz Total Resources 3.0Moz
Slide 19: For personal use only
For personal use only
Slide 20: Mt Wright – a profitable, stable, operation
Mt Wright – a profitable, stable, operation For personal use only • Excellent operating history at Mt Wright • Gold production in 6 months to 31 December 2015 of 58,462oz at cash cost of US$672/oz and AISC of US$822/oz • Mine life extended to February 2017 Ravenswood Gold Production 150,000 125,000
Slide 21: Ravenswood Extension Project
Ravenswood Extension Project For personal use only • Ravenswood Extension Project to combine and optimize all recent studies for key deposits at Ravenswood including: • Sarsfield (1.2Moz Reserve & 1.3Moz Resource) • Bucks Reef West (1.2Moz Resource) • Nolans East (50Koz Reserve) • Targeting a +10 ye
Slide 22: 3. Bibiani: the pathway to production
For personal use only 3. Bibiani: the pathway to production.
Slide 23: Bibiani Underground Mineral Resource
For personal use only Bibiani Underground Mineral Resource Category Tonnes Grade Ounces Indicated 11.2Mt 3.5g/t 1.3Moz Inferred 4.5Mt 4.1g/t 0.6Moz TOTAL 15.7Mt 3.7g/t 1.9Moz
Slide 24: For personal use only
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Slide 25: Bibiani: Advanced gold project in Ghana
Bibiani: Advanced gold project in Ghana For personal use only • Scoping study derived a mining inventory of 4.3Mt @ 4.2g/t Au for 574,000 ounces for a 5.5 year mine life • Scoping study indicated positive gold project with low (~US$30M) start-up capital and short payback • Fully developed site with
Slide 26: What transformation looks like
For personal use only What transformation looks like. • Strengthening the balance sheet • Reducing operating cash costs • Driving a new performance based culture • Diversifying our production base • Providing shareholder returns • Investing in Africa’s massive potential
Slide 27: Why Invest in Resolute?
Why Invest in Resolute? For personal use only • Massive Reserve & Resource inventory • High calibre personnel with operational expertise earned through 25+ years of production experience • Innovative mining techniques pioneered in Australia and applicable to African mine growth • Undervalued based o
Slide 28: Resolute Re-rate
Resolute Re-rate For personal use only Resolute a standout on Peer Comparison Valuations Share Price / Cash Flow of Enterprise Value / Production and Free Cash Flow Resolute vs Australian Peers vs Australian Peers 14 5000 OGC 12 4000 10 RRL 3000 8 EV/P SBM (A$/oz) SAR EVN 6 2000 DRM NST 4 TRY MLX 10
Slide 29: Resolute has the operational expertise and the ambition to turn Africa's potential into real value
For personal use only Resolute has the operational expertise and the ambition to turn Africa’s potential into real value for shareholders and communities.
Slide 30: For personal use only
For personal use only ASX:RSG | www.rml.com.au