RAND MINING LIMITED — Interim / Quarterly Report 2015

Jun 8, 2015

ASX ANNOUNCEMENT

8 June 2015

Australian Securities Exchange Code: RND

Board of Directors: Mr Otakar Demis Chairman and Joint Company Secretary

Mr Anton Billis Managing Director

Mr Gordon Sklenka Non-Executive Director

Mr Roland Berzins Joint Company Secretary

Suite G1, 49 Melville Parade South Perth WA 6151 T: +61 8 9474 2113 F: +61 8 9367 9386 E: info@randmining.com.au W: www.randmining.com.au

ABN: 41 004 669 658

Monthly Production Report May 2015

Highlights

Rand Mining Ltd. advises the following for the month of May 2015:

• 2,651.306 oz of gold and 471.780 oz of silver were credited to Rand's Bullion Account from processing EKJV ore
• 76,572 tonnes of EKJV ore were milled at Kanowna Belle
• EKJV mine claimed production of 63,049 tonnes at an average grade of 9.5 g/t.

ProcessingofEKJVoreatKanownaBelle
	Provisional
Month	May2015
Ore processed	76,572
Grade	9.0
Recovery	96.8
Gold recovered (oz)	21,618
Silver recovered (oz)	4,146
Rand'sshareofgold	2,654

MINECLAIMEDPRODUCTION
		Raleigh	Rubicon	Pegasus	Total
			&Hornet
Ore	t	8,834	36,896	17,319	63,049
Grade	g/t Au	13.1	8.3	10.1	9.5
Gold	oz	3,726	9,934	5,674	19,334
Rand'sEntitlement	oz	466	1,217	695	2,378
	%	12.50	12.25	12.25

MINEOPERATINGCOSTS
UnitCost*RaleighRubicon&PegasuTotal
		Hornet	s
$/tore	129	109	61	99
$/ozgold	305	404	188	322

* based on Mine Claimed Production

End of Month Status

Raleigh – Production

Development of the Skinners structure is hidden

Pegasus, Rubicon, Hornet – Development and Production

green indicates new developments – stopes are displayed only after reconciliation

MINEDEVELOPMENT
			Raleigh	Rubicon	Pegasus	Total
				&Hornet
Capital	Decline	m	0.0	50.0	96.2	146.2
	Secondary	m	0.0	150.4	181.3	331.7
Operating	Waste	m	0.0	5.5	0.0	5.5
	Ore	m	54.2	257.0	206.9	518.1
	PasteFill	m	6.0	54.0	0.0	60.0

Endofmonthposition		RL(m)	belowsurface(m)
RaleighDecline	bottom	5618	727
RubiconDecline	bottom	5990	353
HornetIncline	top	6244	99
HornetDecline	bottom	5841	502
PegasusIncline	top	6179	164
PegasusDecline	bottom	6062	281

EndofmonthEKJVSTOCKPILESESTIMATES
ROMpad	OreSource	Ore	Grade
		t	g/tAu
Raleigh	Raleigh	12,956	10.7
Rubicon	Rubicon & Hornet	4,482	7.8
Pegasus	Pegasus	20,826	8.9
KanownaBelle	Raleigh	3,546	15.0
KanownaBelle	Rubicon & Hornet	33,114	8.3
KanownaBelle	Pegasus	7,912	2.9

For further information please contact:

Roland Berzins E: rberzins@gcpcapital.com.au Ph: +61 8 9474 2113