16 slides from Resource Minerals International's shareholder meeting presentation, Nov 27, 2008
Slide 1: Annual General Meeting 27 November 2008
For personal use only Annual General Meeting 27 November 2008 3:00PM
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Resource Mining Corporation Limited (“RMC” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation wi
Slide 3: Corporate Summary
Corporate Summary For personal use only ASX Cod e : RMI – Shares on Issue : 497 million – Options on Issue : 23.75 million – Current Share Price : 0.006 – Market Cap Approx : $3 million Directors – Executive Director Mr Warwick Davies – Non Executive Director Mr Alan Rule – Non Executive Director Mr
Slide 4: Corporate
Corporate For personal use only Directors • J. Leach, Executive Chairman retired 29 November 2007 • W. Bisset, appointed Non-Executive Chairman 30 May 2008, resigned 25 September 2008 • Unsecured Convertible Note issued to Mt Gibson Iron Limited Funding for $1.0m • Placement to Mr Jian Chen of 20,00
Slide 5: Projects
Projects For personal use only • Wowo Gap Nickel Laterite Project (PNG) 100% RMC, JORC Inferre d Resource: 200Mt @ 0.85% Ni 0.07% Co • Argyle Iron Ore Project (WA) 75% RMC, JORC Inferred Resource: 17mt at 55% Fe • Three Rivers Nickel Laterite Project (Qld) 30% RMC, JV with Straits Resour ces Ltd ( A
Slide 6: Wowo Gap Project
Wowo Gap Project For personal use only • Project Location
Slide 7: Wowo Gap - Overview
Wowo Gap - Overview For personal use only World Class Nickel Laterite deposit in PNG JORC Inferred Resource at various Ni cut off grades: 0.5%: 200Mt @ 0.85%Ni, 0.07% Co 0.7%: 130Mt @ 1.0 % Ni, 0.08% Co 1.0%: 40Mt @ 1.2 % Ni, 0.08% Co 2007 Exploration confirming potential to significantl y expand re
Slide 8: Wowo Gap - Scoping Study
Wowo Gap - Scoping Study For personal use only Outcomes • 15 process development options w ere analysed • Multiple options presented positive NPV outcomes • Favoured option is production of mixed h ydroxide precipitate (MH P) via heap leaching • On site acid plant versus imported acid option is open
Slide 9: Metallurgical Results
Metallurgical Re sults For personal use only Composite Column leach Bottle roll leach Agitated HPAL extraction extraction after 40 extraction (%) Atmospheric (%) days (%) extraction (%) Composite 1 (Lim) 58 65 89 97 Composite 2 (Sap) 72 76 96 84 Composite 3 (Lim) 71 70 86 97 Composite 5 (Lim) 88 59
Slide 10: Exploration to Date
Exploration to Date For personal use only 17 Historical Diamond Holes 93 Wacker holes drilled in 1998/1999 and 2003/2004 25 Diamond holes drilled in 2003/2004 46 Diamond holes drilled in 2007 83 km of Ground Penetrati ng Radar in 2007 32 Diamond and 54 Wacker holes drilled in 2008
Slide 11: Ground Penetrating Radar (GPR)
Ground Penetra ting Radar (GPR) For personal use only •Proven technique Ni laterite deposits around the world (eg Ramu, Weda Bay, Goro) •Maps boundaries of laterite layers within profile •Less drilling required: drilling used to confirm layer identification and grade
Slide 12: 2008 Exploration Program
2008 Exploration Progra m For personal use only Southern Extension Drilling target of 80Mt: • 54 Wacker holes drilled to date • 20 further Wacker holes planned
Slide 13: 2009 Exploration Program
2009 Exploration Progra m For personal use only Target Area of 50Mt at + 1% Ni for detailed drill out: • 130 HQ Diamond Holes • 30km of GPR
Slide 14: Wowo Gap - Summary
Wowo Gap - Summary For personal use only WOWO GAP FOCUS FOR RMC ► Nickel opportunity at Wowo Gap has the potential to add value through expansion of the resource size ► Focus on Wowo Gap to better define the development potential of this significant resource ► Metallurgical testwork and technical re
Slide 15: Argyle Iron Ore
For personal use only Argyle Iron Ore
Slide 16: Summary
Summary For personal use only RMC’s STRATEGIC FOCUS ► Nickel opportunity at Wowo Gap has the potential to add significant value to the company ► Focus on Wowo Gap and Operate on minimal expenditure basis until tenement is renew ed ► The Directors believe that post the current credit and economic cri