RAND MINING LIMITED — Interim / Quarterly Report 2014

Sep 7, 2014

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

September 8, 2014

Monthly Production Report for August 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

	MINE PRODUCTION
		**Raleigh U/G **	**Rubicon U/G **
Ore	t	2,965	44,264
Grade	g/t Au	18.0	11.9
Gold	oz	1,719	16,915
Rand’s Entitlement	%	12.50	12.25

	MINE OPERATING COSTS
**Total Cost$M **	Raleigh	Unit Cost	Rubicon
**AUGUST 14 ***	2.231	$/t ore	74
**JULY 14 ***	1.308	$/ozgold	195

*** includes rehabilitation costs**

	MINE DEVELOPMENT
			Raleigh	Rubicon
Capital	Decline	m	0.0	123.0
	Secondary	m	0.0	263.0
Operating	Waste	m	0.0	0.0
	Ore	m	0.0	182.3
	Past Fill	m	6.0	42.0

Past Fillm	Past Fillm		6.042.0
End of monthposition		RL(m)	below surface(m)
Raleigh Decline	bottom	5618	727
Rubicon Decline	bottom	6016	327
Hornet Incline	top	6244	99
Hornet Decline	bottom	5899	444
Pegasus Access	bottom	6135	208

End of month EKJV STOCKPILES

Pegasus Accessbottom6135208	Pegasus Accessbottom6135208	Pegasus Accessbottom6135208	Pegasus Accessbottom6135208
End of month EKJV STOCKPILES
ROMpad	Ore Source	Ore	Grade
		t	g/t Au
**Raleigh **	Raleigh	2,171	20.0
Rubicon	Rubicon	27,532	11.9
Kanowna Belle	Rubicon	19,317	12.9

Toll Processing

During the month, 4,883 tonnes (wet) of Raleigh ore and 38,378 tonnes (wet) of Rubicon ore were hauled to the Kanowna Belle Plant and 66,104 tonnes of EKJV ore was processed.

Bullion accredited to RAND and TRIBUNE Accounts from Kanowna Belle
Month	Gold(oz)	Silver(oz)	Rand’s sharegold
August 14	13,383.787	3,155.495	3,345.947
July14	1,670.658	49.661	417.664