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RED MOUNTAIN MINING LIMITED Investor Presentation 2012
65719_rns_2012-10-28_d85c0f86-7784-41ae-8a44-f24187a15825.pdf
Investor Presentation
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INVESTOR PRESENTATION
ASX ANNOUNCEMENT 29 October 2012
Red Mountain Mining Limited (ASX: RMX) provides a copy of its Presentation, which will be made available by the Company at the Asian Mining Indaba, Singapore 2012.
_____________________________________________________________________________________________________ For further information about Red Mountain Mining please visit www.redmm.com.au or contact:
_____________________________________________________________________________________________________
Company Investors Media Neil Warburton Kevin Skinner (+61) 408935014 (+61) 4014822631 (+61 8) 9226 5668 (+61)8 82349555
Executive Chairman Field Public Relations
About Red Mountain Mining Limited
Red Mountain Mining (ASX: RMX) is primarily a gold explorer and project acquisition company incorporated in Australia in May 2006 and which listed on the ASX in September 2011. The Company's strategy is to unlock the potential of 'under-developed' gold and polymetallic projects in the greater Asian region by introducing Australian mining methods and improving efficiencies to gain significant production and exploration upside.
The Company has signed a binding Share Sale Agreement to acquire significant gold resources and copper gold tenements in the Philippines. Other opportunities will be reviewed once the Philippines acquisition has been completed.
ASX code: RMX COMPANY DIRECTORS CONTACT DETAILS ABN 40 119568106 Neil Warburton Michael Wolley RED MOUNTAIN MINING LTD Executive Chairman & Acting CEO Non-Executive Director Head Office Keith Rowe Shannon Coates Unit 1, 2 Richardson Street
Executive Director Company Secretary West Perth Western Australia 6005 www.redmm.com.au [email protected]
26 October 2012
Corporate Details
- Board of Directors
- Neil Warburton : Executive Chairman & Acting CEO
- Keith Rowe : Executive Director
- *Jon Dugdale: Executive Director
- Michael Wolley : Non Executive Director
- *Jon Dugdale will join RMX board on Completion of Acquisition
- Head Office Perth
- Operation Offices Manila and Lobo (Philippines)
Company Overview
| Red Mountain Mining Ltd | As of26 October 2012 |
|---|---|
| ASX Code | RMX |
| DateListed | 1September 2011 |
| Total Shares | 179,060,026 |
| Unlisted Options | 57,287,474 |
| Top 20 shareholders | 76.19% |
| Share price(24 October 2012) | $0.08 |
| MarketCapitalisation(@A$0.08) | $14.33 million |
| Cash on hand: 30Sept'12 | $3.3million |
- JORC Resources: Indicated 393,000oz gold (10.15mt, 1.2g/t Au) and Inferred 108,000oz gold (3.8mt @ 0.88g/t Au)
- Dominating camp scale exploration position:270km² at Batangas & 37km² at Tapian San Francisco
- Acquiring a proven and experienced exploration and management team in the Philippines
- Safe jurisdiction and offers less risk than comparable West African/South American countries
Portfolio of projects in key mining districts
Company Strategy
- Increase grade and increase gold resource at Archangel and Lobo Projects
- Use existing infrastructure to fast track development
- Fully explore large land holding and test multiple existing targets to establish long mine life
- JV Porphyry Cu/Au tenements to major mining house
BATANGAS GOLD PROJECT
Batangas Port
BATANGAS, ARCHANGEL PROJECT
Archangel Resource: Tonnage-Grade
Tonnage-Grade Table for Archangel Resource
| Cutoff GradeAu (g/t) | TonnesMillion | Resource GradeAu (g/t) | OuncesAu |
|---|---|---|---|
| 0.3 | 20 | 0.8 | 514,000 |
| 0.5 | 11 | 1.2 | 424,000 |
| 0.7 | 7 | 1.8 | 405,000 |
| 0.9 | 5 | 2.1 | 338,000 |
| 1.1 | 4 | 2.5 | 322,000 |
| 1.3 | 3 | 2.8 | 270,000 |
Based on Mindoro NI 43-101/ JORC Resources, March 2010; Combined Categories; Overall Inferred.
Plan View of Kay Tanda Drilling
High Grade Breccia "Feeder" Zones
Hole 1 at Kay Tanda: KTD 191-12
Archangel, Regional Dome Section
Archangel: Lumbangan Ridge Trenching
LOBO PROJECT, GEOLOGY PLAN
LOBO, SOUTHWEST BRECCIA SHOOT
BATANGAS, LOBO, SOUTHWEST BRECCIA SHOOT
SOUTHWEST BRECCIA CROSS SECTION 10155N
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Batangas Projects
LOBO, SOUTHWEST BRECCIA SHOOT
SOUTHWEST BRECCIA CROSS SECTION 10172N
MAP KEY
LOBO, WEST DRIFT-LOBO TARGETS
PROPHYRY CU-AU, EL PASO PROPOSED JOINT VENTURE AREA
PORPHYRY CU-AU: TAPIAN-SAN FRANCISCO JV AREA
Key value-driving milestones for 2012/13
| Milestone | Objective | Timing |
|---|---|---|
| Archangel gold resource drilling | Drill test "flanking" structures and upgradeand define gold resources | Q3 2012 –Q3 2013 |
| Drill Lobo high grade gold shoot targets | Add additional high grade gold resources | Q1/3 2013 |
| Commencedrilling high priority Cu/AuTargets | Joint Venture Porphyry Cu/Au tenementsto major mining house | Q1/2013 |
| Batangas gold resource upgrade | Significant gold resource increase | Q/3 2013 |
| Batangas gold scoping study | Viable gold project for Feasibility | Q3 2013 |
In summary...
- Company transforming transaction
- assets in mineral rich districts of Philippines
- large dominating camp scale exploration position (270 sq kms)
- Highly prospective gold resource projects
- with further near term exploration and resource potential
- Luzon Island located in safe, friendly jurisdiction
- Established mining and exploration licences in place
- Existing cash reserves ($3.3m) to enhance acquired resources
- Strong board and highly skilled exploration team located in country
Contact details
Neil Warburton, Executive Chairman & Acting CEO
E: [email protected] M: +61-408 935 014
Jon Dugdale, Executive Director
E: [email protected] M: +61-402 298 026
Media relations – Kevin Skinner
E: [email protected] M: +61-414 822 631
Red Mountain Mining head office
Unit 1, 2 Richardson Street West Perth WA 6005 P: +61-8 9226 5668 F: +61-8 9486 8616 E: [email protected] W: www.redmm.com.au
Qualified Person statement
Mindoro's Resource Statements are NI 43-101 and JORC Compliant. Jon Dugdale, the CEO and a director of Mindoro Resources and a Fellow of the AusIMM, is a Competent Person as defined by the JORC Code, has more than five years of experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken, and has reviewed and verified the Mineral Resource statements contained in this news release.
Mindoro's exploration programs are prepared and/or designed and carried out under the supervision of Tony Climie, P.Geo., who is a Qualified Person as defined by National Instrument 43-101 and is a Competent Person as defined by the JORC Code, and who has reviewed and verified the pertinent disclosure of exploration related technical information contained in this news release. Mr Climie is an executive and a director of Mindoro and is a member of the Alberta Professional Engineers, Geologists and Geophysicists Association. Mr Climie has more than five years of experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken. Mr Climie has consented to the release of the pertinent exploration related technical information in the form and context in which it appears.
Disclaimer
The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions.
This presentation does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the securities referred to in this presentation in any jurisdiction in contravention of applicable law. This presentation is not an offer of securities for sale in the United States, nor does this presentation constitute a prospectus or other offering document in the United States or any other jurisdiction in which it is being used. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from registration there from.
In providing this presentation, Red Mountain Mining has not considered the financial position or needs of the recipient. Persons needing advice should consult their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial and legal advisors. These statements are forward-looking statements. These forward-looking statements are not historical facts but rather are based on Red Mountain Mining's current expectations, estimates and projections about the industry in which Red Mountain Mining operates, and beliefs and assumptions regarding Red Mountain Mining's future performance. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates" and similar expressions are intended to identify forward-looking statements.
These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of Red Mountain Mining, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Red Mountain Mining caution shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of Red Mountain Mining only as of the date of this presentation. The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made. Red Mountain Mining will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority.
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