Slide 1: Siana Gold Project – March 2017 Update
For personal use only Siana Gold Project – March 2017 Update Mark Williams, Managing Director Joe Mobilia, Chief Financial Officer ASX Code: RED
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement For personal use only Competent Person’s Statement for JORC 2012 Mineral Resource and Ore Reserve The information in this report that relates to Mineral Resources and Ore Reserves for the Siana Open Pit is extracted from the report titled Siana Open Pit Mi
Slide 3: Introduction – Recent Events
Introduction – Recent Events Rapid response to recent developments both at Siana and in the Philippines For personal use only Strong cash and refined gold metal balance of ~A$28.0M at end of February 2017 following robust gold production in 1H FY2017 of 35,257oz Revised operational strategy impl
Slide 4: Presentation Overview
Presentation Overview The five key pillars of our long-term growth strategy For personal use only 1. Siana Gold Project – open pit • Gold production of 35,257oz for 1H FY2017 • Processing plant temporarily placed on standby in January 2017 pending regulatory approval for new long-term tailings stora
Slide 5: Corporate Overview
Corporate Overview Debt-free, strong balance sheet, experienced leadership team For personal use only ASX code RED Directors and Management Share price (as at 3 March 2017) A$0.063 Kevin Dundo – Chairman Issued shares 762.5M Mark Williams – Managing Director Market capitalisation (at 6.5cps) ~A$48.1
Slide 6: Gold Project – Location
Siana Gold Project – Location Located in a highly prospective and well-established mining region For personal use only 6
Slide 7: Update – Revised Mining Strategy
Siana Update – Revised Mining Strategy Optimise production schedule, manage uncertainties, protect shareholders’ interests For personal use only Delay in obtaining regulatory approval for construction of a long-term Tailings Storage Facility 1. Open pit Application submitted July 2016, however i
Slide 8: Underground Feasibility Study
Siana – Underground Feasibility Study A blueprint to deliver future growth at Siana For personal use only Updated Feasibility Study completed in 1. Open pit June 2016 by underground mining consultants Mining One Pty Ltd: 2. – Forecast production of ~60,000oz pa over Underground initial 8-year prod
Slide 9: Underground Development
Siana – Underground Development Underground development progressing well For personal use only Combined development of main and ventilation declines 1. Open pit including sundry development currently at ~261m at end- Feb 2017 2. Construction of bulk emulsion depot, batching plant and Underground
Slide 10: Underground Resources & Reserves
Siana – Underground Resources & Reserves Underpins robust long-term underground mine development For personal use only Siana Underground deposit 1. Open pit Indicated and Inferred Mineral Resource of 3.8Mt @ 5.8g/t 2. Au for 704,000oz Underground development Probable Ore Reserve of 3.01Mt @ 4.1g
Slide 11: Underground Mining Method
Siana – Underground Mining Method A blueprint to deliver future growth at Siana For personal use only Mine plan based on use of 1. Open pit a conservative short up- hole retreat mining method with cemented 2. Underground paste-fill for ore extraction development Proven mining method 3. with good
Slide 12: Long-Term Underground Mine Plan
Siana – Long-Term Underground Mine Plan Includes assessment of entire resource beneath the Siana open pit For personal use only Feasibility Study also considered 1. Open pit technical and economic viability of the entire UG resource – 2. including Indicated and Inferred Underground material develo
Slide 13: The Future – Exploration and Growth
The Future – Exploration and Growth Surigao del Norte – one of the most mineralised provinces in one of the most mineralised countries globally For personal use only • Numerous exploration targets identified • Near-mine and regional exploration activities 1. Open pit ramping up: 2. Near-mine: Unde
Slide 14: Alegria Area
Alegria Area Drilling underway targeting copper-gold anomalies For personal use only 1. Located in southern tenement region Open pit Three significant prospects identified with coincident geochemical and IP 2. Underground anomalies development Drilling underway to test copper-gold 3. porphyry
Slide 15: Mapawa Block II – Duyangan Prospect
Mapawa Block II – Duyangan Prospect A new, high-priority exploration target For personal use only 1. Significant quantities of free gold occurring in Open pit unconsolidated sediment/soil under a 5-10m thick limestone cap 2. Underground Coincident with a magnetic high development Potential col
Slide 16: Processing Plant
Processing Plant Only modern operating gold plant in a highly endowed world-class mining region For personal use only 1. Modern 1.1Mtpa gravity and carbon-in-leach Open pit (CIL) processing facility Constructed in 2011 2. Underground development Heart of the plant is an Outotec Mill (1.1Mtpa n
Slide 17: Sustainable Development Initiatives
Sustainable Development Initiatives Strong commitment to health and safety, community and environmental programs For personal use only Support continues in the areas of: 1. • Health Operations • Community education • Welfare 2. • Agricultural Underground development • Infrastructure • Clean water 3.
Slide 18: Sustainable Development Initiatives
Sustainable Development Initiatives Strong commitment to health and safety, community and environmental programs For personal use only 1. • Significant contributor to local communities Operations and to the regional and national economy in the Philippines: 2. Underground • Employment for more than 1
Slide 19: Summary
Summary Aiming to establish a long-term gold mining operation in the Philippines For personal use only Strong cash balance of ~A$28.0M Rapid response to recent events with implementation of revised mining and operational strategy Low-cost underground development activities continuing and progr
Slide 20: Thank you.
For personal use only Thank you. Mark Williams (Managing Director) Joe Mobilia (CFO) Web: www.red5limited.com E-mail: info@red5limited.com 20 22