TSX-V: RHR
Investor Presentation
January 2012
Tanzania’s Premier Exploration Company
TSX-V: RHR
Forward Looking Statement Certain information regarding the Company contained here in may constitute forward looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company’s control, and that future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained in the Company’s Annual Report which is available at www.sedar.com.
The Company’s forward-looking statements are expressly qualified in their entirety by this cautionary statement.
* This presentation has been reviewed by Mr. Butler, a qualified person as that term is defined in NI 43-101.
TSX-V: RHR
Corporate Overview
Redhill Resources Corp. is a progressive exploration company with significant gold interests in Tanzania,
East Africa and rare earths Utah.
• Experienced Management: Highly skilled board and executive team with a history of success.
• Fully funded: Currently has over $12 million in cash and marketable securities.
• Diversified Portfolio: Property interests in both the precious and industrial metals sectors.
• Active Plan for 2012: Aggressive exploration program for 2012 including mapping, sampling, trenching and drilling.
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Management & Consultants Clive Massey – President & CEO
Executive with over 20 years working experience with public companies in the junior exploration sector. Mr. Massey has held numerous positions, including the President and CEO of Universal Uranium Inc.
Graham L. Harris – Chairman, Director
Over 20 years experience in the finance industry ; 1999 to 2004 Senior Vice President and Director of Canaccord Capital Corp.; directly raised over $200 million in development and venture capital .
Jasvir K. Kaloti – CFO, Corporate Secretary
Over 14 years experience in the finance industry; independent consultant for public and private companies in the mining industry.
Andrew Bowering – Director
Held senior executive positions and directorships in numerous public exploration companies over the last 21 years; directly raised over $150 million for mineral exploration.
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Management & Consultants Brent Butler – Director
Over 20 years of international geological experience and mine management; Holds B.Sc. Geology; Member SEG, AusIMM and PDAC.
Brian Morrison – Director
Corporate Administrator with 5 years experience with public companies; in-depth knowledge of securities
Basha Hifato – Manager of East Africa Operations �
Mr. Basha Hifato manages the operations in Tanzania and is the CEO of Hifato Enterprises Inc. Mr. Hifato has built a strong network of contacts within the East African community including current and former government ministers.
Robert F. Weicker – Consulting Geologist
Mr. Weicker is a professional geologist and has over twenty-five years experience in the mining and exploration industry. Mr. Weickers many accomplishments include aiding in the development and subsequent production of Hemlo one of the largest gold mines in Canada.
Amina Umutoni – Director of International Affairs
Mrs. Umutoni is a citizen of Rwanda and Canada, with residences and business in both countries. With a background in business, she has been involved with the acquisition, administration and management of a number of mineral resource properties and projects.
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TSX-V: RHR
Capital Structure
Issued & Outstanding 131,903,953
Warrants 28,400,000
Options 11,630,000
Fully Diluted 171,933,953
Recent Share Price (Jan 10, 2012) $0.11
Market Capitalization
Cash & Marketable Securities
$14.5 M
$13.9 M
*as of Jan 11, 2012
TSX-V: RHR
Tanzania Exploring Among the Majors
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TSX-V: RHR
Why Tanzania? • Fourth largest producer of gold in Africa
• Rich in gold, diamonds, iron, uranium, nickel, platinum and other minerals
• Gold production is expected to reach 1.55 million ounces in 2012.
• Tanzania placed within the top quartile on the World’s Bank “Ease of Business” index. Ahead of other major gold producing countries such as Brazil, Mexico and Argentina.
• Offers a favorable geopolitical climate. Barrick, Anglo Ashanti and Tembo Gold are also working in the area.
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PROP,WOZOOMLOPROP
TSX-V: RHR
History of the Bulyanhulu Mine
• Acquired by Barrick in 1999 and opened in 2001.
• Located in Northwest Tanzania, in the Kahama District of the Shinyanga Region.
• Approximately 55 km South of Lake Victoria and 150 km southwest of the city of Mwanza.
• As of 2011, it has an expected mine life of 23 years.
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TSX-V: RHR
Bulyanhulu’s Current Production
The Bulyanhulu Gold mine is a 12 Moz deposit and currently produces 260k ounces of gold
annually with an average gold
recovery rate of 92 %.
2010 Production Stats:
Ounces Produced: - 260k oz
Head Grade: 9.2 (g/t)
Mill Recovery: 92.20%
Ore Milled: 954 Kt
Cash cost per tonne milled: US $148/t
Cash cost per ounce sold: (US$/Oz) 539
Capital Expenditure: US $81 Million
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Bulyanhulu Geology • The Bulyanhulu gold mine is a narrow
vein gold mine containing gold, silver and copper mineralization in sulphides.
• Mineralization at Bulyanhulu is associated with a number of steeply dipping reefs.
• Archean rocks host a number of sub-parallel quartz-sulphide veins (reefs) which have undergone extensive drilling to depths of 240m.
• The drilling and development at least five distinct deposits: The Main, West, and East zones, Reef 2 and Reef 0.
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TSX-V: RHR
Nyakagwe Property
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Redhill’s Nyakagwe Property • Redhill Resources has entered into an agreement to acquire an initial 85% interest,
and the right to acquire the remaining 15% interest in 46 Primary Mining Licenses (PML’s) which together form 3 blocks of contiguous claims named the Nyakagwe property.
• The PML’s total approximately 400 hectares and are located 6 Km from Barrick’s Bulyanhulu mine hosting reserves of 12 million ounces of gold at 12.6 grams per tonne.
• The geology of the Nyakagwe project is analogous to that of the Bulyanhulu mine.
• The gold mineralization is found within a series of east to northeast striking quartz reefs within the larger Bulyanhulu shear zone.
• Existing information confirms at least six strong linear magnetic trends.
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Insert Regional trends Map from Sharon
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Proposed 2012 Work Program
Redhill Resources is encouraged by the geology and mineralization discovered to date and is planning a program for 2012 which includes geological mapping, sampling and trenching to better delineate the multiple zones on surface. This will be followed up by a geophysical
program of Induced Polarization (IP), and ground magnetics, followed by trenching and diamond and/or RC drilling.
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Honey Comb Hills A Rare Earth Beryllium Property
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What is Beryllium?
• Beryllium is an element which occurs naturally only in combination with other elements in minerals. As a free element it is a steel-gray, strong, lightweight and brittle alkaline earth metal.
• Used in industrial applications including plastic injection mold tooling, down-hole and undersea oil exploration, landing gears in all sorts of aircraft and other aerospace applications.
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TSX-V: RHR
Honey Comb Hills Project- Utah
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• 100% interest in 64 unpatented lode claims in the Fish Creek District, Juab County, approximately 2.5 hours southwest of Salt Lake City.
• Close proximity to Great Western Minerals Group’s Deep Sands REE project
• Hosts a similar geologic environment, to nearby Spor Mountain Mine, owned by Brush Engineered Metals which produces approximately 48,000 tonnes of bertrandite ore annually grading 3.5 percent beryllium.
TSX-V: RHR
Contact Info
Suite 2000 – 1177 West Hastings St. Vancouver, B.C. V6E 2K3 Canada Tel: +1 604-662-8184 Fax: +1 604-602-1606 Toll Free: 1-877-662-8184 (US & Canada ) Email: [email protected]
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