RAND MINING LIMITED — Interim / Quarterly Report 2014

Aug 11, 2014

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

August 12, 2014

Monthly Production Report for July 2014

Raleigh is back in production. The production rate will increase as the new stoping front is established. Rehabilitation is expected to be completed by early September.

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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End of Month Status Raleigh – Production
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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	3,522	36,547
Grade	g/t Au	15.6	11.9
Gold	oz	1,770	13,974
Rand’s Entitlement	%	12.50	12.25

	MINE OPERATING COSTS
**Total Cost$M **	Raleigh	Unit Cost	Rubicon
**JULY 14 ***	1.308	$/t ore	105
**JUNE 14 ***	1.462	$/oz gold	275

*** includes rehabilitation costs**

	MINE DEVELOPMENT
					**Raleigh **		Rubicon
Capital	Decline		m			0.0	224.5
	Secondary		m			0.0	223.3
Operating	Waste		m			0.0	6.7
	Ore		m			0.0	100.4
	Past Fill		m			0.0	60.0
End of monthposition				RL(m)		below surface(m)
Raleigh Decline		bottom			5618	727
Rubicon Decline		bottom			6018	325
Hornet Incline		top			6244	99
Hornet Decline		bottom			5909	434
Pegasus Access		bottom			6141	202

Pegasus Access bottom 6141 202	Pegasus Access bottom 6141 202	Pegasus Access bottom 6141 202	Pegasus Access bottom 6141 202
	End of month EKJV STOCKPILES
ROMpad	Ore Source	Ore	Grade
		t	g/t Au
**Raleigh **	Raleigh	3,661	15.4
Rubicon	Rubicon	16,607	12.5
Kanowna Belle	Rubicon	40,575	13.2

Toll Processing

During the month, 36,037 tonnes (wet) of Rubicon ore were hauled to the Kanowna Belle Plant. No EKJV ore was processed.

Bullion accredited to RAND and TRIBUNE Accounts from Kanowna Belle
Month	Gold(oz)	Silver(oz)	Rand’s sharegold
July 14	1,670.658	49.661	417.664
June 14	8,984.759	2,255.260	2,246.190