20 slides from Red Mountain Mining's shareholder meeting presentation, Nov 22, 2011
Slide 1: Chairman's Address to Annual General Meeting
ASX ANNOUNCEMENT 22 November 2011 For personal use only Chairman’s Address to Annual General Meeting Ladies and gentlemen, it is with great pleasure that I welcome you to the inaugural AGM of Red Mountain Mining Limited as an ASX listed company. Before I review the year that’s been and cover off on
Slide 2: Chairman's Address: Our people, mineralisation, outlook
Independent Geologist, Butler Settineri the Investigating Accounting, and last but not least, Cygnet Capital the lead manager to the Offer. Our people As we grow Red Mountain Mining, it’s not enough to have a great asset base, we also For personal use only need a strong Board and management team. Th
Slide 3: Chairman's Address: Outlook and About Red Mountain Mining
With Stage 1 of the drilling programme at the Zhongqu mine successfully completed, and having identified significant gold mineralisation, we are now progressing Stage 2 drilling to more accurately define the extent of the resource base and achieve a JORC compliant resource. The Diebu mine provides s
Slide 4: Competent Person Statement
Competent Person Statement The information in this report that relates to Exploration Results or Mineral Resources is based on information compiled by Andrew Richards, who is a member of The Australasian Institute of Mining and Metallurgy. He is a full time employee of Arc Resources Pty Ltd which is
Slide 5: Red Mountain Mining Limited 2011 Annual General Meeting
For personal use only Red Mountain Mining Limited 2011 Annual General Meeting 22 November 2011
Slide 6: A newly listed gold producer with two initial projects in China
Red Mountain Mining Limited For personal use only A newly listed gold producer with two initial projects in China Our strategy is: • to secure interests in privately owned Chinese operating Gold Mines and advanced exploration projects • to unlock the potential of under-developed gold projects in Chi
Slide 7: Significant milestones achieved
Significant milestones achieved For personal use only August 15 September December Stage 1 drilling Significant Stage 1 Stage 2 drilling Execution & acquisition commences Zhongqu drilling results commences Zhongqu programme Zhongqu May 1 September RMX incorporated IPO - oversubscribed ----- 2006 201
Slide 8: Successful IPO
Successful IPO For personal use only • Red Mountain Mining (ASX: RMX) listed 1 September 2011 • Substantially oversubscribed during difficult market conditions • Raised $8m to fund exploration programme • 79 m shares on issue at IPO • Experienced Board and Management in place Slide 3
Slide 9: Project portfolio
Project portfolio For personal use only • China market has attractive fundamentals and cost competitive operating environment • Secured two projects located in the Qinling belt, China – prolific gold producing region • Binding agreement to acquire 51% interest in privately owned Zhongqu Project – fe
Slide 10: Project fundamentals: unlocking potential of under developed gold projects
Project fundamentals: unlocking potential of under developed gold projects For personal use only Zhongqu Project • Operating mine, with significant production upside • Existing non-JORC compliant Chinese resource (refer to Prospectus) • Exploration upside • Access to quality infrastructure • Plant h
Slide 11: China – attractive market fundamentals
China – attractive market fundamentals For personal use only • Largest gold producing country • Established, well-endowed but underexplored gold belts • Low production costs • Legal security and enforceability • Opportunity to expand existing gold projects through partnerships • Foreign investment e
Slide 12: Zhongqu Project – Stage 1 drilling intersected significant gold mineralisation
Zhongqu Project – Stage 1 drilling intersected significant gold mineralisation For personal use only Results of drilling below level 6 at Xinqu mine • Intersected main granodiorite- contact sheer zone (31m at 4.61 g/t gold including 8m at 10.7 g/t gold) • Also intersected previously unrecognised lim
Slide 13: Zhongqu – Stage 2 drilling programme
Zhongqu – Stage 2 drilling programme For personal use only • Drill site preparation has commenced and Stage 2 drilling plan drilling teams to be mobilised • Targeting main granodiorite contact mineralised zone and newly encountered limestone hosted mineralisation in hanging wall • Plan 15 drill hole
Slide 14: Zhongqu – exercise of acquisition agreement driven by resource development
Zhongqu – exercise of acquisition agreement driven by resource development For personal use only Resource compliance and development • Validate mineralisation and establish significant JORC compliant resource • Substantial increase in resource from current Chinese reported resource • Targeting 1.0-1
Slide 15: Diebu – an advanced exploration project
Diebu – an advanced exploration project For personal use only • Large mineralised system over 6km of strike length for gold and antimony • Initial exploration target 400,000 - 500,000 tonne at 3.5 to 4.5 g/t Au • Intend to apply for additional infill tenements with known mineralisation Slide 10
Slide 16: Looking forward, RMX is well placed to grow and create shareholder value
Looking forward, RMX is well placed to grow and create shareholder value For personal use only China market has attractive fundamentals underpinning long term growth • Low production costs • Established, well-endowed but underexplored gold belts RMX is unlocking the potential of two under-developed
Slide 17: Contact Details
Contact Details For personal use only Michael Wolley, Non Executive Chairman Email: michael.wolley@redmm.com.au Mobile: +61 410 313 136 Andrew Richards, CEO Email: andrew.richards@redmm.com.au Mobile: +61 423 044 879 Ronn Bechler, Investor Relations Email: ronn.bechler@marketeye.com.au Mobile: +61 4
Slide 18: Disclaimer
Disclaimer For personal use only The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe s
Slide 19: Competent Person
Competent Person For personal use only The information in this report that relates to Exploration Results or Mineral Resources is based on information compiled by Andrew Richards, who is a member of The Australasian Institute of Mining and Metallurgy. He is a full time employee of Arc Resources Pty
Slide 20: For personal use only
For personal use only Suite 2, 2 Richardson Street West Perth, Western Australia, 6005 T +61 (08) 9226 5668 F +61 (08) 9322 1474 redmm.com.au