RED MOUNTAIN MINING LIMITED — Investor Presentation 2014

Mar 23, 2014

RED MOUNTAIN MINING LTD (ASX:RMX)

24 March 2014

ASX ANNOUNCEMENT

==> picture [169 x 46] intentionally omitted <==

PRESENTATION

Perth-based Red Mountain Mining is pleased to provide the updated Red Mountain Mining Corporate Presentation including Scoping Study results, to be released at the Mines and Money Hong Kong conference 25 to 27 March, where Red Mountain is exhibiting.

For further information about Red Mountain please visit www.redmm.com.au or contact:

Company Investors Media

Jon Dugdale Matt Birney Managing Director Birney Corporate (+61) 402 298 026 (+61) 419 217 090 (+61) 8 9226 5668 (+61)8 9226 5668 E : jon.dugdale@redmm.com.au E : matt@birneycorporate.com.au

1

ASX code: RMX ABN 40 119568106

COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director

CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au info@redmm.com.au

Michael Wolley Non-Executive Director Shannon Coates Company Secretary

March 2014

==> picture [720 x 225] intentionally omitted <==

==> picture [225 x 75] intentionally omitted <==

==> picture [226 x 188] intentionally omitted <==

==> picture [271 x 188] intentionally omitted <==

==> picture [226 x 188] intentionally omitted <==

Exploring high-grade gold targets with a pathway to production

==> picture [720 x 114] intentionally omitted <==

----- Start of picture text -----

Disclaimer and Forward Looking Statements
and Qualified Person Statement
----- End of picture text -----

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.

This presentation contains certain 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” “potential” 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 cautions 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.

The Exploration Results and information in this presentation that relates to Mineral Resources are based on information compiled by Mr Jon Dugdale who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the various styles of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 and 2012 Editions of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Dugdale is a full time employee and Managing Director of Red Mountain Mining Ltd. Mr Dugdale takes responsibility and consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears. The Mineral Resources in this presentation upon which the mining inventory and production targets are based was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

The Scoping Study referred to in this presentation is based on low level technical and economic assessments and is insufficient to support estimation of Ore Reserves or to provide assurance of an economic development case at this stage, or to provide certainty that the conclusions of the Scoping Study will be realised. The Scoping Study is partly based on Inferred Resources that comprise less than 10% of the total mining inventory. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration will result in the conversion of Inferred Mineral Resources to Indicated Mineral Resources or that the production target will be realised.

1

==> picture [720 x 114] intentionally omitted <==

----- Start of picture text -----

Red Mountain Mining: Why Invest?
----- End of picture text -----

• Strong board and highly skilled exploration-development team with track record of discovery and development

• Flagship Batangas Gold Project, ideal location, good infrastructure, established Mineral Resources, granted mining permits

• Exceptional high-grade surface gold results, currently being drilled, with the objective of increasing high-grade Mineral Resources

• Scoping Study indicates low capital and operating cost, early payback and strong cash-flow potential from outcropping, highgrade, existing mineral resources

• Company is fully funded to complete planned exploration programs and development studies

2

==> picture [720 x 114] intentionally omitted <==

----- Start of picture text -----

RMX Company Overview
----- End of picture text -----

Red Mountain Mining Ltd	ASX: RMX	Share Price Volume 200m 100m September 2013 to 21 March 2014
Listed Shares(18 Feb 2014)	685,188,592
Listed Options RMXO1.5c 30/6/14	137,761,798
Listed Options RMXOA3c 30/6/16	97,839,477
Unlisted Options($0.20)	42,728,125
Top 20 shareholders	~33%
Share price(21 March 2014)	1.6 cps
Volume(2014 to date)	30m sh/day
Market Capitalisation(@ 1.6cps)	$11 million
Cash on handprojected March 2014	~$3.3 million
Debt	Nil
Major Shareholders	Mindoro 9.6% Directors 3%

3

==> picture [720 x 114] intentionally omitted <==

----- Start of picture text -----

Experienced Board and Executive Team
----- End of picture text -----

• Board of Directors

Neil Warburton : Chairman – Mining Engineer, former CEO of Barminco, 35yrs experience Barminco became the largest underground contractor in Australia under Neil

Jon Dugdale : Managing Director – Geologist, discovery background + corporate, 26 yrs experience Directly involved with the 1 million ounce Golden Gift discovery at Stawell, Victoria Michael Wolley: Non Executive Director – Senior Todd Corporation executive

• Operations

• Geoff Boswell : Country Manager – Geologist, key Masbate feasibility & permitting role, 27 yrs exp. Largely responsible for taking Masbate from resource growth through permitting

• Filipino key staff : Chief Geologist / Exploration Manager – Ed Manuel

• Staff have >10 years on key projects, exploration and community relations expertise Key relationships at community and government to assist permitting

• Head Office – Perth, W.A.

• Operations Offices – Manila and Lobo (Philippines)

4

==> picture [720 x 114] intentionally omitted <==

----- Start of picture text -----

The Philippines: A Golden Opportunity
----- End of picture text -----

• US based system of Democratic government

• IMF growth projections 7% next 5 years

• Stable mining law and regulations.

• New mining policy Executive Order 79 (2012) demonstrates commitment to sector

• Exploration Permits moratorium lifted

• Tampakan, world class Cu-Au, granted ECC

• Fast track for mining approvals

• Well educated work-force, English speaking

• “World class” prospectivity for Gold & Cu-Au

• Mature mining industry, recent ASX listed, low op cost, gold and copper-gold developments:

• Medusa Mining, Co-O ~80k oz pa

• CGA Mining –> B2Gold, Masbate, >200k oz pa

• Oceana, Didipio Cu-Au, in production

==> picture [288 x 347] intentionally omitted <==

----- Start of picture text -----

Far South East (Gold Fields)
Didipio (Oceana)
Batangas
Gold
Project
Masbate (B2Gold) 200koz pa
Sianna (Red 5)
Co-O (Medusa), 100koz pa
Tampakan (Xtrata/Indophil)
----- End of picture text -----

==> picture [720 x 57] intentionally omitted <==

----- Start of picture text -----

5
----- End of picture text -----

==> picture [116 x 160] intentionally omitted <==

----- Start of picture text -----

Luzon
Manila
Mindanao
----- End of picture text -----

MAP KEY

• 270km² land package covers entire epithermal gold field • Two key gold resource projects 8km apart • Immediate exploration upside under high grade trenches • Scoping Study demonstrates strongly viable development

Tenements, MPSA’s black outline Porphyry copper-gold prospects Resource area Epithermal vein trends Copper showing Historical mine / workings Other prospects River

Existing roads

Mine area limit Waste dump area Residue Storage Facilities Road for ore transport

==> picture [77 x 36] intentionally omitted <==

----- Start of picture text -----

LOBO MPSA
----- End of picture text -----

Road for ore transport ARCHANGEL N MPSA 0 2km SWB Mine and LOBO Waste Area Processing Plant Residue Storage Facility Kay Tanda West Kay Tanda Mine and Waste area LOBO MPSA PROJECT - SW BRECCIA Indicated: Mineral Resource Estimates 0.85 g/t cut off* _Road for ore transport_ Inferred: Indicated: 178,000 t @ 7.4 g/t (42,000 oz) Inferred: 16,000 t @ 5.3 g/t (3,000 oz) Total: Total: 194,000 t @ 7.2 g/t (45,000 oz)**

ARCHANGEL MPSA PROJECT - Kay Tanda *Mineral Resource Estimates 0.85 g/t cut off Indicated: 2,582,000 t @ 2.0 g/t (165,000 oz) Inferred: 3,004,000 t @ 2.0 g/t (197,000 oz) Total: 5,586,000 t @ 2.0 g/t (363,000 oz)

6

Batangas Project Gold Mineral Resources (JORC 2004)	Batangas Project Gold Mineral Resources (JORC 2004)	Batangas Project Gold Mineral Resources (JORC 2004)	Batangas Project Gold Mineral Resources (JORC 2004)	Batangas Project Gold Mineral Resources (JORC 2004)	Batangas Project Gold Mineral Resources (JORC 2004)	Batangas Project Gold Mineral Resources (JORC 2004)
Deposit	Resource Category	Tonnes	Au g/t	Au Oz	Ag g/t	Ag Oz
Archangel (Kay Tanda)	Inferred	3,004,000	2.0	197,000	1.3	124,000
	Indicated	2,582,000	2.0	166,000	5.7	471,000
	*Total	5,586,000	2.0	363,000	3.3	595,000
Lobo (SWB)	Inferred	16,000	5.3	3,000	1.7	1,000
	Indicated	178,000	7.4	42,000	1.8	10,000
	*Total	194,000	7.2	45,000	1.8	11,000
Total Batangas Project	Total Inferred	3,020,000	2.1	200,000	1.3	125,000
	Total Indicated	2,760,000	2.3	208,000	5.4	481,000
	*Total	5,780,000	2.2	408,000	3.3	606,000

*Note: 0.85 g/t Au cut off, JORC 2004 Mineral Resource parameters in ASX release of 30[th] January 2013

7

==> picture [686 x 484] intentionally omitted <==

----- Start of picture text -----

Lobo: Five Parallel Epithermal Gold Structures
BATANGAS
• Five parallel high-grade lode structures Manila, PROJECTS
LOBO MPSA
120km
•
15km strike, of which only 0.5km drilled
•
Five identified high-grade veins/shoots N
•
Exploration Targets to upgrade resource
LOBO
Map Area
MAP KEY
EP 007 LITHOLOGY
EP 015
Alluvium
Quaternary agglomerate
West Drift, High-grade shoot Limestone (Reefal)
6m @ 8.03 g/t, 5.2m @ 6 g/t Altered volcanics (Andesite)
Pica, PC07: 2.5m @ 9.2 g/t Au ALTERATION
Camo, EP 010 Silica cap
SWB Structure 500m Corridor 5m @ 486 g/t Ag Quartz-pyrite ± clay alteration ± clay alteration clay alteration
Trench 7: 2m @ 31.1 g/t Au Clay-pyrite ± quartz ± calcite± quartz ± calcite quartz ± calcite± calcite calcite
Trench 13: 2.6m @ 28.6 g/t Au Hydrothermal breccia mineralization
Trench 19: 8.4m @ 18.3 g/t Au >50ppb anomaly in soil
RMX
Mapped
EPA Probable
Interpreted
Signal, Southwest Breccia
Indicated and Inferred Epithermal vein
Rkcp’s (float) to 72.6, 42.6 g/t
194,000t @ 7.2 g/t Au Jasperoid
V Old mine working
Drill hole collars
Road
EP 015
River / creek
Ulupong: Trench 19m @ 9.77 g/t gold incl. 7m @ 23.58 g/t gold V
Trench
MRL Gold MPSA boundary
(Granted EP’s outside)
V
V
----- End of picture text -----

==> picture [199 x 126] intentionally omitted <==

----- Start of picture text -----

BATANGAS
Manila, PROJECTS
120km
LOBO
Map Area
----- End of picture text -----

Silica cap Quartz-pyrite ± clay alteration ± clay alteration clay alteration Clay-pyrite ± quartz ± calcite± quartz ± calcite quartz ± calcite± calcite calcite Hydrothermal breccia mineralization >50ppb anomaly in soil

8

05Apr.2013

==> picture [720 x 540] intentionally omitted <==

----- Start of picture text -----

Lobo South West Breccia Lode Corridor Plan
Taysan Porphyry BATANGAS
Cu-Au Deposit PROJECTS
¹South West Breccia
LB 92: [4] 1.5m @ 8.07 g/t Au
Indicated and Inferred Resource:
LB93: [5] 3.95m @ 4.6 g/t Au inc. 0.75m @ 15.8 g/t Au
194,000t @ 7.2 g/t Au
³Trench 19:
8.35m @ 18.3 g/t Au LOBO
³Trench 21: LB94-14
LB95-14 Map Area
6.0m @ 31.2 g/t Au
1,509,400N
Trench 20:
1m @ 2.9 g/t Au TR 19 TR 21
(incomplete) LB86-13 TR 22 MAP KEY
LB85-13 LB92-14
LB83-13 LB82-13 LB93-14
LB90-14
²Trench 7: LB91-14 LB84-13 Mapped
Probable
SW: 2m @ 31.1 g/t Au LB88-14 LB89-14 ¹0.5m @ 3.79 g/t Au Interpreted
NE: 3m @ 22.2 g/t Au inc.
Epithermal vein
¹Japanese Tunnel Drilling:
²Trench 11: 1.3m @ 8.68 g/t Au Limestone
LB 85: 3.7m @ 8.6 g/t Au N
inc. 0.55m @ 16.8 g/t Au Grid lines
Drill hole
1,509,200N ²Trench 10: 3m @ 5.71 g/t Au Creek 0 100m
Rock Geochem Soil Geochem
Limestone
(Au g/t) (Au ppb)
²Trench 13: > 1.0
SW: 2.6m @ 28.6 g/t Au 0.5 – 1.0 > 5
NE: 3m @ 6.16 g/t Au 0.3 – 0.5 2m = metres channel
¹Released 2013 0.1 – 0.3 sample @ 31.1 g/t
²Released 7/1/2014 (gram/tonne) Au (gold)
< 0.1 25.1 g/t Ag (Silver)
³Release 12/2/2014
4Release 25/2/2014
5Release 21/3/2014
9
28Jan2014
310,200E 310,400E 310,600E
----- End of picture text -----

==> picture [720 x 533] intentionally omitted <==

----- Start of picture text -----

Lobo South West Breccia Lode Longitudinal
BATANGAS
PROJECTS
B B’
SOUTH WEST BRECCIA
LOBO
¹Indicated and Inferred
Map
Resource: 194kt @ 7.2 g/t Au
South West Breccia Extended
³Trench 19:8.35m @ 18.3 g/t Au,
²Trench 7: 3m @ 21.6 g/t Au ³Trench 21:6m @ 31.2 g/t Au, 1.75m @ 41 g/t Au
200m 4LB 92: 1.5m @ 8.1 g/t Au inc. 0.5m @ 12 g/t Au MAP KEY
ASL 5LB 93: 3.95m @ 4.6 g/t Au inc. 0.75m @ 15.76 g/t Au
²Trench 13: 2.6m @ 28.6 g/t Au
Au g/t x metre contours
` > 20.0
JAPANESE 10.0 – 20.0
TUNNEL 3.0 – 10.0
0.5 – 3.0
100
Drill hole pierce point
¹ Proposed drill hole
8.7m @ 4.34 g/t Au
pierce point
Inc. 3.7 m @ 8.6 g/t Au
Target ? Trench / channel
0
2m = metres downhole @
Exploration 31.1 g/t (gram/tonne) Au (gold)
Target
¹Released 2013
²Released 7/1/2014
Exploration
Target ³Release 12/2/2014
4Release 25/2/2014
50m 5Release 21/3/2014
500m
10
9600N 9800N 10000N 10200N
----- End of picture text -----

==> picture [37 x 7] intentionally omitted <==

----- Start of picture text -----

20Mar2014
----- End of picture text -----

Lobo, Southwest Breccia and Extended Plan

==> picture [713 x 501] intentionally omitted <==

----- Start of picture text -----

Taysan Porphyry BATANGAS
LB19 Cu-Au Deposit PROJECTS
¹LB 62
8.0m @ 8.82 g/t Au
inc. 3.0m @ 15.4 g/t Au LB16
and 7.45m @ 12.4 g/t Au
LB63 inc. 5.30m @ 15.6 g/t Au LB06
LB61
LB07
LOBO
Map Area
LB58
LB20
LB12 4Drillhole LB 93: LB62 MAP KEY
LB24
3.95m @ 4.6 g/t Au LB10 LB11 LB25 Quartz - barite – suphide ± clay
³Drillhole LB 92: inc. 0.75m @ 15.8 g/t Au LB87 breccia
1.5m @ 8.07 g/t Au LB05 Fault
inc. 0.5m @ 12 g/t Au LB64 Trench
LB95-14 LB97-14 LB59 Grid lines 0
SWB TR1 LB65 Creek
LB96-14
LB94-14 Drill hole
LB01 LB92-14 Proposed drill hole
SWB TR-19 LB93-14 SWB OC2
¹Released 2011-12
LB98-14 SWB TR-21
²Released 12/2/2014 ¹Trench SWB OC2:
Channel, Vertical / Rockchip
³Release 25/2/2014 9.5m @ 13.53 g/t Au
4Release 21/3/2014 Sample (Au_g/t)
> 10
¹Trench 1:
LB02 1 - 10
6m @ 23.55 g/t Au 0.5 - 1
SWB TR-22 ¹Trench SWB OC3: 0.3 - 0.5
0.1 - 0.3
3m @ 4.04 g/t Au
< 0.1
SWB TR-6 ²Trench 21: 7m = metres channel sample @
²Trench 19: 6m @ 31.2 g/t Au N 94.78 g/t (gram/tonne) Au (gold)
25.1 g/t (gram/tonne) Ag (Silver)
8.35m @ 18.3 g/t Au inc. 1m @ 122.6 g/t Au
0.41 % Cu (Copper)
inc. 0.5m @ 136.89 g/t Au
25m
11
20Mar2014
----- End of picture text -----

==> picture [720 x 502] intentionally omitted <==

----- Start of picture text -----

Lobo, Southwest Breccia Resource Cross Section
SOUTHWEST BRECCIA CROSS SECTION 10175N
BATANGAS
Trench: 9.5m @ 13.5 g/t Au PROJECTS
9,950E 10,000E
Manila,
13.3m @8.30 g/t Au LB65-11 120km
180m
ASL 8.0m @ 8.82 g/t Au
inc. 3.0m @ 15.4 g/t Au 11.90m
LB62-11 7.75m @ 4.67 g/t Au
160 LB61-11 inc. 1.95m @ 11.8 g/t Au LOBO
Map Area
17.4m @ 9.60 g/t Au
140
30.25m MAP KEY
7.45m @ 12.4 g/t Au
inc. 5.30m @ 15.6 g/t Au
Volcanic agglomerate
120 52.25m 69.40m Quartz - barite - pyrite vein breccia
57.30m Quartz - pyrite ± clay alteration
Quartz - clay - pyrite alteration
100
Propylitized andesite wallrock
57.60m 8.3m @ 6.30 g/t Au (chlorite - clay - pyrite ± quartz ±
calcite ± magnetite)
80 6.7m @ 10.7 g/t Au Fault gouge
104.50m inc. 3.7m @ 18.0 g/t Au
85.00m
60 32.2m @ 9.50 g/t Au LB-07
Drill hole
Mineralized intercept
End of hole
40 75m
14.0m @ 1.67 g/t Au
20m All results pre 2012
129.10m
----- End of picture text -----

12

==> picture [720 x 490] intentionally omitted <==

----- Start of picture text -----

Lobo, Japanese Tunnel Cross Section
Taysan Porphyry BATANGAS
CROSS SECTION 9984N 10,000E 10,100E Cu-Au Deposit PROJECTS
160m Trench 4
ASL
4m @ 12.23 g/t Au
Trench 4
0.96 % Cu
2m @ 18.12 g/t Au
140 1.03 % Cu ¹LB 82-13
JAP TUNNEL LOBO
8.7m @ 4.34 g/t Au
Inc. 3.7m @ 8.6 g/t Au Map Area
120 Inc. 0.55m @ 16.8 g/t Au
3.5m @ 2.4 g/t Au
Inc. 1.7m @ 4.04 g/t Au 3.4m @ 1.37 g/t Au MAP KEY
Quaternary colluvium
100
Propylitized andesite (chlorite - clay -
50 LB82-13 pyrite - calcite ± magnetite)
80 4.1m @ 2.4 g/t Au 10.75m @ 1.0 g/t Au Clay - quartz - pyrite alteration
Inc. 1.9m @ 4.25 g/t Au 64.8 Quartz ± barite - sulphide ± clay
Inc. 1.2m @ 2.17 g/t Au
LB 08 breccia
Quartz - pyrite ± clay alteration
60
Fault gouge
LB 09
40 Drill hole
Mineralized intercept
End of hole
75m
20
All results pre 2012 Except 6.3m = metres downhole @
¹ released August 2012 129 LB 09 8.03 g/t (gram/tonne) Au (gold)
25m 2.07 g/t (gram/tonne) Ag (silver)
0 1.96 % Cu (copper)
----- End of picture text -----

==> picture [42 x 8] intentionally omitted <==

----- Start of picture text -----

22 Aug. 2013
----- End of picture text -----

13

==> picture [720 x 114] intentionally omitted <==

----- Start of picture text -----

Batangas Gold Project Scoping Study
Low cost, early payback potential
----- End of picture text -----

• Initially based only on high-grade, open pit resources processed at Lobo

• Production of 90,000 oz of gold over initial 4.5 year mine life (20,000oz pa)

• Projected life of mine revenue from gold sales of ¹A$134 million

• C1 cash operating cost of A$769 per oz of gold recovered (US$690/oz)

• Capital cost A$16.7 million (US$15 million) with potential ¹1.2 year payback

• Projected net total cash flow including capital ¹A$40 million (no debt)

• >A$8 million in royalties and taxes to Philippines Government, communities

¹Assuming gold price of US$1,350/oz / A$1500/oz

14

==> picture [720 x 495] intentionally omitted <==

----- Start of picture text -----

Batangas Gold Project: Regional Development Layout
LOBO MPSA
SWB MINE AREA
SWB Waste Area
Mabilog na
Bundok
Processing Plant
Residue Storage Facility ARCHANGEL
MPSA
Low Grade Stockpile
Waste Rock Dump
KAY TANDA WEST
MINE AREA KAY TANDA
MAP KEY
Sawang RESOURCES
MPSA boundary
Soloc
Exploration permit /
application
Resource area
River
Balibago
Existing road
Malabrigo
Mine area limit
Waste dump area
Road for ore transport, 15km N
Residual storage facilities 0 1km
Road for Ore transport
Mine road
----- End of picture text -----

15

==> picture [720 x 114] intentionally omitted <==

----- Start of picture text -----

Batangas Gold Project Scoping Study
Low cost, early payback potential
----- End of picture text -----

Batangas-Lobo Gold Project	Unit	A$	US$
Mine Life(Processing)	Years	4.5
Tonnes Processed	T	880,000
Head Grade Gold(Au)	Aug/t	3.4
Head Grade Silver(Ag)	Ag g/t	9.2
Head Grade(Au Equ.)	Au Equ.g/t	3.6
Recovered Ounces Gold(Au)	Oz Au	90,000
Total Net Revenue from Gold Sales	A$M	$135	$120
Total C1 Cost/Oz(inc. Royalties, Production Taxes)	A$/Oz	$769	$690
OperatingC1 Cash Flow	A$M	$65	$60
SustainingCapital Life of Mine	A$M	$4.1	3.7
Corporate Admin and Taxes	A$M	$5.4	4.8
Pre Production Capital includingContingency	A$M	$16.7	15.0
Payment to Vendors and Recoverable Capital	A$M	-$0.8	-$1.6
Total C3 Cost/Oz(inc. Capital, Corporate costs, Taxes)	A$/oz	$1,050	$950
Total C3 Cash Flow Life of Mine	A$M	$40	$36
IRR	%	70%
PayBack(no debt)	Years	1.2
Gold Price	A$/Oz	$1,500	$1,350
Silver Price	A$/Oz	$24	$22
Exchange Rate	A$/US$	0.9	0.9

16

==> picture [720 x 114] intentionally omitted <==

----- Start of picture text -----

Batangas Gold Project, Next Steps
----- End of picture text -----

• Continue drilling high-grade targets at Lobo for potential mineral resource upgrade

• Submit expanded 10 year mining plan for Declaration of Mining Feasibility, and Environmental Impact Statement (EIS) to Philippines Government

• Definitive Feasibility Study (DFS) for Batangas Gold mining and processing project

17

==> picture [720 x 114] intentionally omitted <==

----- Start of picture text -----

Reminder, Red Mountain Mining: Why Invest?
----- End of picture text -----

• Strong board and highly skilled exploration-development team with track record of discovery and development

• Flagship Batangas Gold Project, ideal location, good infrastructure, established Mineral Resources, granted mining permits

• Exceptional high-grade surface gold results, currently being drilled, with the objective of increasing high-grade Mineral Resources

• Scoping Study indicates low capital and operating cost, early payback and strong cash-flow potential from outcropping, highgrade, existing mineral resources

• Company is fully funded to complete planned exploration programs and development studies

18

==> picture [720 x 114] intentionally omitted <==

----- Start of picture text -----

Red Mountain Mining (RMX) Contact Details
----- End of picture text -----

Jon Dugdale, Managing Director E: jon.dugdale@redmm.com.au M: +61-402 298 026

Investor, Media relations, Matt Birney E: matt@birneycorporate.com.au M: +61- 419 217 090

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: info@redmm.com.au W: www.redmm.com.au

19