RAND MINING LIMITED — Interim / Quarterly Report 2014

Oct 7, 2014

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The Listing Manager Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000

October 8, 2014

Monthly Production Report for September 2014

The production rate at Raleigh will increase as the new stoping front is established. Again, the production schedule at Rubicon and Hornet has been re‐optimized, using some of the resources from Raleigh, to minimize the production shortfall at Raleigh due to the February earthquake.

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----- Start of picture text ----- End of Month Status Raleigh – Production----- End of picture text -----

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Rubicon – Development and Production

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green indicates new developments

OreGradeGoldRand’s Entitlement	MINE PRODUCTION**Raleigh U/G **t2,827g/t Au19.8oz1,800%12.50	**Rubicon U/G **41,7929.913,29412.25

**Total Cost$M ****September 14 ***August 14 *	MINE OPERATING COSTSRaleighUnit Cost1.099$/t ore2.231$/ozgold	Rubicon93293

*** includes rehabilitation costs**

CapitalOperating	MINE DEVELOPMENT**Raleigh **Declinem0.0Secondarym0.0Wastem0.0Orem0.0Past Fillm18.0	MINE DEVELOPMENT**Raleigh **Declinem0.0Secondarym0.0Wastem0.0Orem0.0Past Fillm18.0	MINE DEVELOPMENT**Raleigh **Declinem0.0Secondarym0.0Wastem0.0Orem0.0Past Fillm18.0	MINE DEVELOPMENT**Raleigh **Declinem0.0Secondarym0.0Wastem0.0Orem0.0Past Fillm18.0	MINE DEVELOPMENT**Raleigh **Declinem0.0Secondarym0.0Wastem0.0Orem0.0Past Fillm18.0	Rubicon169.1276.60.0213.448.0
End of monthpositionRaleigh DeclinebottomRubicon DeclinebottomHornet InclinetopHornet DeclinebottomPegasus Accessbottom			RL(m)	56186009624458926124	below surface(m)72733499451219

End of month EKJV STOCKPILES

ROMpad**Raleigh **RubiconKanowna Belle	Ore SourceRaleighRubiconRubicon	Oret2,74226,12218,131	Gradeg/t Au20.410.99.4

Toll Processing

During the month, 2,306 tonnes (wet) of Raleigh ore and 44,560 tonnes (wet) of Rubicon ore were hauled to the Kanowna Belle Plant and approximately 50,400 tonnes of EKJV ore was processed.

Bullion accredited to RAND and TRIBUNE Accounts from Kanowna Belle	Bullion accredited to RAND and TRIBUNE Accounts from Kanowna Belle	Bullion accredited to RAND and TRIBUNE Accounts from Kanowna Belle	Bullion accredited to RAND and TRIBUNE Accounts from Kanowna Belle
Month	Gold(oz)	Silver(oz)		Rand’s sharegold
September 14	9,350.603	2,193.971		2,337.650
August 14	13,383.787	3,155.495		3,345.947