CANADA S NEWEST COPPER AND GOLD PRODUCER

Transcription

1 CANADA S NEWEST COPPER AND GOLD PRODUCER INVESTOR UPDATE PRESENTATION SEPTEMBER 2012

2 FORWARD LOOKING STATEMENT RMM financial and operational press releases and presentations are available, together with Management s Discussion and Analysis and supplemental data about our property portfolio and other information, on the Company s Web Site at All Company audio, visual and written presentations normally contain forward-looking statements, including those identified by the expressions anticipate, believe, plan, estimate, expect, intend and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect the Company s current expectations regarding future results or events and are based on information currently available to management. Certain material factors and assumptions are applied in providing these forward-looking statements. Management believes that the expectations reflected in forward-looking statements are based on reasonable assumptions; however, management can give no assurance that actual results will be consistent with these forward-looking statements. Statements about potential discoveries or extensions of mineralization and deposits are examples of forward-looking statements. There is no guarantee that any discovery of commercial mineralization will be made on any of RMM s properties. The material factors or assumptions that were applied in providing these forward-looking statements are contained in various security filings, including the Company s MD&A contained in the 2008 Annual Report and quarterly MD&A s, all of which are available on SEDAR at and the Company s website. Undue reliance should not be placed on any of the Company s audio, visual or written forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publically update any such statement or to reflect new information or the occurrence of future events or circumstances, except as may be required under applicable security laws. RMM s qualified person, Mr. Larry Pilgrim, P.Geo, is responsible for verification and quality assurance of the exploration data and the analytical results set forth in this presentation. RMM is in full compliance with all NI rules and regulations. 2

3 COMPANY VISION Our Vision: To become the leading mine operator and resource developer in Atlantic Canada. To Become the Leading Mine Operator and Resource Developer in Atlantic Canada Continuing development of the Ming Mine discovering new deposits and through mergers and acquisitions We will to continue grow our business and strive towards becoming a successful, mid-tier mining company through development and expansion of the Ming Mine discovering new deposits mergers and acquisitions by 3

4 CORPORATE INFORMATION Rambler Metals and Mining is a Junior Mining Company that has 100% ownership of the Ming Copper-Gold Mine in Baie Verte, Newfoundland and Labrador, Canada. Through the experience of the board of directors and key management we will continue to grow the company by expanding the existing resource, new project development and property acquisitions. Management George Ogilvie (CEO, Director), Norman Williams (CFO), Peter Mercer (VP Corp Dev), Tim Sanford (General Manager) Board of Directors and Officers Harry Dobson, John Thomson, Brian Hinchcliffe, Stanley Neamonitis, Merfyn Roberts, Leslie Goodman, Dalis Chan Market Facts (Sept 24 th, 2012) Shares Outstanding: 142,360,240 Options: 3,905,667 Fully Diluted: 146,265,907 Current Share Price: $ 0.49 / Week Range: $ / Market Cap: $ 69.7M / 42.3M Cash as of July 31 st $ 7.0M Rambler is dual listed on the TSX Venture and AIM markets 4

5 LOCATION - NEWFOUNDLAND No Geo-Political or Socio- Economic Risk Mining friendly jurisdiction with all infrastructure in place: Paved Roads Electricity Fresh Water Port Facility Local Community Easy Shipping Access 5

6 FORMER PRODUCING MINE Mining District (5 former mines) 1,580 Hectares Mining Leases 141L/ 188L Mineral License M (year 10 of 20) Closed due to a Property Boundary Produced 2.1M tons ore at: 3.5% Cu (154M lbs) 2.5g/t Au (113K oz) 11g/t Ag (409K oz) Historical Recoveries: 92-95% Cu 60-75% Au 55% Ag UG Massive Sulphide Deposit 6

7 NI RESOURCE (AS OF 1 AUGUST 2012) Classification Quantity Grade Contained Metal Copper Gold Silver Zinc Copper Gold Silver (000't) % g/t g/t % tonnes oz oz Zinc tonnes Measured and Indicated Resources 1807 Zone ,358 23,077 92,955 2,887 Other Massive Sulphide Zones 1, , , ,230 7,280 Total Massive Sulphide Zones 2, , , ,185 10,168 Stringer Sulphides LFZ + UFZ 18, ,561 52, ,893 1,829 Total Copper Resource 20, , ,003 1,348,078 11,997 Total Gold Resource (1806 Zone) ,542 29, ,869 2,981 * Massive Sulphide (MMS) cut-off 1.00 % Cu; Stringer Sulphide cut-off 1.00% Cu; Gold Resource cut-off 1.25 g/t Au 7

8 PHASE 1 PRODUCTION Shaft Ramp South Zone (upper) % Cu & 1.12 g/t Au 1806 Zone % Cu & 3.96 g/t Au 1807 Zone % Cu & 1.75 g/t Au Measured Indicated Inferred All tonnes and grades are measured and indicated combined Historically Mined Area South Zone (lower) N & S Combined 1, % Cu & 2.24 g/t Au Open at Depth North Zone 8

9 1806 ZONE GOLD PRODUCTION Gold Ounces 3,500 3,000 2,500 2,000 1,500 1, ,145 3,573 2,690 2,608 2,713 11,584 8,871 6,263 3,333 14,917 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 - Total Gold Recovered Gold Poured Total Gold Dry Tonnes Processed 20,000 15,000 10,000 5,000-17,995 18,803 17,181 18,136 16, ,005 Dec'11 Jan'12 Feb'12 Mar'12 Apr'12 May' Head Grade (g/t) Tonnes Head Grade 9

10 1806 ZONE GOLD PRODUCTION Revenue C$ s 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000, , ,035 5,320,029 4,476,032 6,012,064 4,334,689 14,822,785 10,488,096 4,431,694 19,254,479 5,276,790 24,531,269 Dec'11 Jan'12 Feb'12 Mar'12 Apr'12 May'12 Revenue Cummulative Revenue 30,000, ,000, ,000, ,000, ,000, ,000, Cummulative Revenue C$ Average gold price realized C$1,644 Total cash cost per oz C$972 Sandstorm un-credited balance reduced from US$20M to US$12.1M Gold Recoveries above 92% 1806 Zone remains open both up and down-plunge (exploration potential) 10

11 GOLD HYDROMET FACILITY Gold Hydromet Purchased in 2009 for C$3.5M Replacement Value C$40M. Able to Process 500 to 700 mtpd depending on Ore Bond Work Index Consistent Gold Recoveries in Excess of 90% Permitted Tailings Facility 153 Kg of Gold 40 fineness = 61.2 Kg Gold (1,967 Oz C$1,644 = C$3.2M 11

12 GOLD POTENTIAL Visible gold discovered in new exploration drilling on the 52 and 103 levels: 228 g/t gold over 5.10 m (MMUG12-34, un-cut) 50 g/t gold over 4.45 m (MMUG12-51, un-cut Visible gold discovered in new development face on 103 level 227 g/t gold over 4.50 m Historic stopes with average grade of 2.5 g/t gold and 3.5% copper 400,000 tonnes in historical pillars not in reserve or resource (Non Compliant) Zone is open both up and down plunge 12

13 PHASE 1 PRODUCTION (@630 MTPD) Shaft Ramp South Zone (upper) % Cu & 1.12 g/t Au 1806 Zone % Cu & 3.96 g/t Au 1807 Zone % Cu & 1.75 g/t Au Measured Indicated Inferred All tonnes and grades are measured and indicated combined Historically Mined Area South Zone (lower) N & S Combined 1, % Cu & 2.24 g/t Au Open at Depth North Zone 13

14 COPPER PRODUCTION SUMMARY Eq. Cu. Tonnes , ,695 F 555 2,250 F 2,500 2,000 1,500 1, Total Eq. Cu. Tonnes Cu Produced Total Cu Produced Dry Tonnes Processed 20,000 15,000 10,000 5,000-8, ,554 16,734 17,689 17, , F May'12 Jun'12 Jul'12 Aug'12 Sep'12 Oct'12 F Head Grade (Eq. Cu. %) Tonnes Head Grade 14

15 CONCENTRATION WAREHOUSE GOODYEAR S COVE 5,400 wmt Copper Concentrate (as of September 17 th ) Concentrate Grading 22% to 32% (Average 27%) Including 6 g/t Au & 45 g/t Ag No Deleterious Material Moisture Content 9% Below FML / TMP 15

16 PRELIMINARY ECONOMIC STUDY Phase II (Lower Footwall Zone) Shaft PEA Results: Ramp +20 Year Mine Life NPV5 = $251 M IRR = 18% Pre-tax Cash Flow = $861M (undiscounted) 616M lbs Cu, 193K oz Au, 851K oz Ag Payback 7 years Capex (over first 5 years) =$231M Lower/ Upper Footwall Zone % Cu & 0.09 g/t Au All tonnes reported in the indicated category (copper cutoff of 1%) Open at Depth 16

17 NEWS FLOW Continuous Improvement and Updates Exploration Results Buy-Out of 1.0% NSR Royalty for $500,000 First Shipment of Concentrates Declaration of Commercial Production Progress and Results of LFZ Optimization Studies 17

18 Rambler Metals & Mining PLC Salatin House, 19 Cedar Road Sutton, Surrey, SM2 5DA Tel: +44(0) Fax: +44(0) Rambler Metals & Mining Canada Limited P.O. Box 610, Baie Verte, NL, A0K 1B0 Route # 418, Ming's Bight Road, NL, A0K 3S0 Tel: Fax: Becoming the Leading Mine Operator and Resource Developer in Atlantic Canada. 18