RAND MINING LIMITED — Interim / Quarterly Report 2014

Jun 9, 2014

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

June 10, 2014

Monthly Production Report for May 2014

The production schedule at Rubicon and Hornet was re‐optimized, using some of the resources from Raleigh, to minimize the production shortfall at Raleigh due to the February earthquake. Rehabilitation at Raleigh is proceeding and production is now expected to recommence before the end of June.

End of Month Status Raleigh – Rehabilitation

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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	139	40,315
Grade	g/t Au	8.73	11.57
Gold	oz	39	14,990
Rand’s Entitlement	%	12.50	12.25

			MINE OPERATING COSTS
Unit Cost			Raleigh						Rubicon
$/t ore			0						88
$/ozgold			0						236
			MINE DEVELOPMENT
						**Raleigh **			Rubicon
Capital	Decline			m				0.0	226.8
	Secondary			m				0.0	145.7
Operating	Waste			m				0.0	0.0
	Ore			m				0.0	118.9
	Past Fill			m				0.0	75.0
End of monthposition					RL(m)			below surface(m)
Raleigh Decline		bottom				5618		727
Rubicon Decline		bottom				6032		311
Hornet Incline		top				6244		99
Hornet Decline		bottom				5926		417
Pegasus Access		bottom				6166		177

	End of month EKJV STOCKPILES	End of month EKJV STOCKPILES
ROMpad	Ore Source	Ore	Grade
		t	g/t Au
**Raleigh **	Raleigh	140	8.7
Rubicon	Rubicon	19,600	14.1
Kanowna Belle	Rubicon	22,200	13.6

Toll Processing

During the month 45,442 tonnes (wet) of Rubicon ore were hauled to the Kanowna Belle Plant and 38,380 tonnes of EKJV ore were processed.

Bullion accredited to RAND and TRIBUNE Accounts from Kanowna Belle
Month	Gold(oz)	Silver(oz)	Rand’s sharegold
May 14	8,338.166	1,993.796	2,084.541
April 14	6,699.230	1,499.492	1,674.807