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Connecting investors to opportunities www.symposium.net.au Jon Dugdale Executive Director

Jon dugdale Red Mountain Mining

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Page 1: Jon dugdale  Red Mountain Mining

Connecting investors to opportunities www.symposium.net.au

Jon Dugdale Executive Director

Page 2: Jon dugdale  Red Mountain Mining

Emerging Low Cost Gold Developer with High-Grade Resource Growth

February 2013

Page 3: Jon dugdale  Red Mountain Mining

Highlights

• Flagship Batangas gold projects with dominating 270 km² position

on Luzon Island, 100km south of Manila in the Philippines

• Safe, friendly jurisdiction with strong community support

• Established mining and exploration licences in place

• JORC Resources: Indicated and Inferred 5.8mt @ 2.2 g/t Au

408,000oz Au (0.85g/t Au cut off)

• Aggressive drilling program discovering and defining additional high-

grade gold shoots eg Lobo Project - West Drift Lode

• Existing cash reserves ($3.3m) to fund drilling programs

• Strong board and highly skilled exploration team located in country

2

Page 4: Jon dugdale  Red Mountain Mining

Experienced Board and Executive Team

3

• Board of Directors – Neil Warburton: Executive Chairman – Former CEO of Barminco, 35yrs exp.

– Jon Dugdale*: Executive Director – Geologist with corporate, 26 yrs exp.

– Keith Rowe: Non Executive Director – 30 years in industry

– Michael Wolley: Non Executive Director – Senior Todd Corporation executive

* Jon Dugdale will transition to MD by 30 March 2013.

• Operational: Geoff Boswell, Country Manager – Geologist, 27 years exp.

• Head Office – Perth

• Operation Offices – Manila and Lobo (Philippines)

Page 5: Jon dugdale  Red Mountain Mining

4

Red Mountain Mining Ltd ASX: RMX

Listed Shares 187,572,026

Unlisted Options 58,287,474

Top 20 shareholders 80%

Share price (15 Feb 2013)

$0.105

Market Capitalisation (@ A$0.105)

$20 million

Cash on hand: 31/12/12 $3.3million

Major Shareholders Mindoro inc.

- Acorn

- IFC

- Lion

Share Price

Volume

Company Overview

Page 6: Jon dugdale  Red Mountain Mining

Philippines – A Golden Opportunity

• US based “Democracy”

• IMF growth projections 7% next 5 years

• Stable mining law and regulations

• New mining policy Executive Order 79 (2012)

demonstrates commitment to sector

• Well educated work-force, English speaking

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

• Mature mining industry, recent Au and Cu-Au

developments:

- Medusa Mining, Co-O ~100k oz pa

- CGA Mining, Masbate, >200k oz pa

- Red 5, Sianna, >85k oz pa projected

- Oceana, Didipio Cu-Au, in construction

5

Sianna (Red 5)

Masbate (CGA)

Co-O (Medusa)

Tampakan (Xtrata/Indophil)

Didipio (Oceana)

Batangas

TSF

Page 7: Jon dugdale  Red Mountain Mining

7

Portfolio of projects in key mining districts

Batangas Gold Projects (*100%)

• Archangel Project (Gold)

• Lobo Project (Gold)

• El Paso, Calo, Talahib (Cu-Au)

Didipio Cu-Au

(Oceana)

Masbate Gold 200,000oz pa

(CGA Mining)

Sianna Gold 85,000oz pa

(Red 5)

Co-O Gold 100,000oz pa

(Medusa Mining)

Tampakan, Cu-Au, BFS

(Xtrata/Indophil)

Tapian San Francisco Cu-Au (*75%)

*100% beneficial interest

*75% beneficial interest in certain tenements

Portfolio of projects in key mining districts

6

Page 8: Jon dugdale  Red Mountain Mining

Company Strategy

Lobo and Archangel Projects: Batangas

• Identified high-grade gold targets to be systematically drilled to increase total resources and grade

• Establish scope of a highly-profitable gold project:

a) optimise open pits on current resources = base case

b) higher-grade resources targeted to enhance profitability

• Continue to explore (trenching) and define (drilling) new high-grade gold targets to establish long mine life

El Paso Project: Batangas

• Joint Venture large Porphyry Cu/Au projects with major partner

Tapian SF Project

• Low key exploration

7

Page 9: Jon dugdale  Red Mountain Mining

• Experienced team on the ground

• Two drilling rigs in action

• Continuous pipeline of drilling targets

• Strong Safety and Environment programs

• Excellent infrastructure in region

The Batangas Program

8

Page 10: Jon dugdale  Red Mountain Mining

Sea

LOBO

Tenements / applications

Porphyry copper-gold prospects

Resource area

Epithermal vein trends

Copper showing

Historical mine / workings

Other prospects

MAP KEY

4km 0 N

Manila

Luzon

Mindanao

Talahib

Calo

El Paso

Marita

LOBO PROJECT - SW BRECCIA

*Mineral Resource Estimates 0.85 g/t cut off

Indicated: 178,000 t @ 7.4 g/t (42,000 oz)

Inferred: 16,000 t @ 5.3 g/t (3,000 oz)

Total: 194,000 t @ 7.2 g/t (45,000 oz)

ARCHANGEL 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)

*Note: Resource parameters in ASX release of 30th January 2013 9

• 270km² land package covers entire epithermal gold field • Two key gold resource projects: - Lobo high-grade gold lodes eg Medusa Mining - Archangel – bulk tonnage gold eg CGA Mining • Drilling in progress to increase and upgrade resources

Batangas Gold Projects: Mineral Resources

Page 11: Jon dugdale  Red Mountain Mining

Batangas Gold Resources @ 0.85 g/t Au cutoff

Deposit Resource Category

Tonnes Au g/t Au Oz Ag g/t Ag Oz

Archangel

Inferred 3,004,000 2.0 197,000 1.3 124,000

Indicated 2,582,000 2.0 165,000 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

10

Batangas

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: Inferred Resource Estimates are combined with Indicated Resource Estimates in the totals based on the JORC

Code (December) 2012 edition that states under section 26 that if details of individual categories are provided then

categories may be reported in combined form.

Page 12: Jon dugdale  Red Mountain Mining

Batangas Gold Resources @ 0.50 g/t Au cutoff

Deposit Resource Category

Tonnes Au g/t Au Oz Ag g/t Ag Oz

Archangel

Inferred 7,308,000 1.2 284,000 1.4 324,000

Indicated 5,838,000 1.2 232,000 4.6 871,000

*Total 13,147,000 1.2 516,000 2.8 1,194,000

Lobo (SWB)

Inferred 27,000 3.3 3,000 1.6 1,000

Indicated 198,000 6.7 43,000 1.8 12,000

*Total 226,000 6.3 46,000 1.8 13,000

11

Batangas

Total Inferred

7,335,000 1.2 287,000 1.4 325,000

Total Indicated

6,037,000 1.4 275,000 4.5 882,000

*Total 13,372,000 1.3 562,000 2.8 1,207,000

*Note: Inferred Resource Estimates are combined with Indicated Resource Estimates in the totals based on the JORC

Code (December) 2012 edition that states under section 26 that if details of individual categories are provided then

categories may be reported in combined form.

Page 13: Jon dugdale  Red Mountain Mining

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Camo

Lobo Mine

West Drift

311000E 309000E

1511000N

1509000N

?

?

?

?

?

?

N

Pica

Balisong

Calumpang

ALTERATION

LITHOLOGY

Interpreted

Mapped Probable

Alluvium

Quaternary agglomerate

Limestone (Reefal)

Altered volcanics (Andesite)

Silica cap

Quartz-pyrite ± clay alteration

Clay-pyrite ± quartz ± calcite

Hydrothermal breccia (w/ HS mineralization)

Epithermal vein

Jasperoid

Old mine working

Drill hole collars

Road

River / creek

MRL Gold MPSA boundary

Trenching target

MAP KEY

Taysan Porphyry Cu-Au Deposit

LOBO

BATANGAS PROJECTS

Map Area

Pica: Epithermal veins: PC02: assays to 8.8 g/t Au

West Drift: LB 70: 6.3m @ 8.0 g/t Au

Camo: LB 51: 4.5m @ 486 g/t Ag

Signal, Rockchip’s to 72.6 g/t Au

Japanese Tunnel, Trench: 5m @ 10.4 g/t

12

• 10km strike of epithermal structures • High grade resources at Southwest Breccia • New high-grade discovery at West Drift, - 2 rigs drilling in progress, open at depth • Multiple targets, trenching then drilling

Lobo Project: Compilation Map

Southwest Breccia Indicated and Inferred 194,000 t @ 7.2 g/t Au; 45,000 oz Au

Ulupong: Rockchips to 14.5 g/t Au

Page 14: Jon dugdale  Red Mountain Mining

Japanese

Tunnel

8

Page 15: Jon dugdale  Red Mountain Mining

10,000E

85.00m

104.50m

129.10m

57.30m

Trench: 11m @ 19.1 g/t Au

52.25m 69.40m

LB61-11

Batangas Projects

MAP KEY

SOUTHWEST BRECCIA CROSS SECTION 10172N

20m

Drill hole

Mineralized intercept

LB-07

End of hole 75m

17.4m @ 9.60 g/t Au

8.3m @ 6.30 g/t Au

32.2m @ 9.50 g/t Au

14.0m @ 1.67 g/t Au

13.3m @8.30 g/t Au

180m

ASL

160

140

120

100

80

60

40

LB62-11

6.7m @ 10.7 g/t Au inc. 3.7m @ 18.0 g/t Au

LB65-11

Quaternary agglomerate

Quartz - barite - pyrite vein breccia

Quartz - pyrite ± clay alteration

Clay - pyrite - quartz ± chlorite ±

magnetite alteration

Quartz - clay - pyrite alteration

Propylitized andesite wallrock

(chlorite - clay - pyrite ± quartz ±

calcite ± magnetite)

Fault gouge

11.90m

7.45m @ 12.4 g/t Au inc. 5.30m @ 15.6 g/t Au

9,950E

30.25m

57.60m

7.75m @ 4.67 g/t Au inc. 1.95m @ 11.8 g/t Au

8.0m @ 8.82 g/t Au inc. 3.0m @ 15.4 g/t Au

BATANGAS, LOBO PROJECT, SWB SHOOT

Page 16: Jon dugdale  Red Mountain Mining

10,000E

CROSS SECTION 10155mN

20m

Drill hole

Mineralized intercept

LB-25

End of hole 75

160

ASL

140

120

100

80

60

40

Quaternary colluvium

Quaternary agglomerate

Quartz - barite - pyrite vein breccia

Quartz - pyrite ± clay alteration

Clay - pyrite - quartz ± chlorite ±

magnetite alteration

Quartz - clay - pyrite alteration

Propylitized andesite wallrock

(chlorite - clay - pyrite ± quartz ±

calcite ± magnetite)

Fault gouge

9,950E

LB60-11,

LB58-11

LB64-11

25.20

20.75

40.50

43.9

109.10

138

56.2m @ 4.24 g/t Au Inc. 7.71m @ 28.4 g/t Au

4.90m @ 11.1 g/t Au inc. 2.0m @ 21.1 g/t Au

18.35m @ 1.52 g/t Au inc. 1.0m @ 5.72 g/t Au Inc. 1.0m @ 5.25 g/t Au

9.0m @ 2.14 g/t Au inc. 2.0m @ 6.06 g/t Au

9.05m @ 6.56 g/t Au inc. 5.0m @ 11.27 g/t Au

16.13m @ 7.75 g/t Au

13

• High grade epithermal shoot • Open at depth

MAP KEY

Taysan Porphyry Cu-Au Deposit

LOBO

BATANGAS PROJECTS

Map Area

LB63-11

Lobo Project: Southwest Breccia Shoot

Page 17: Jon dugdale  Red Mountain Mining

Adit #2

Adit #3

Adit #1 West Drift

10800N

10900N

10500N

10600N

10700N

0

-100

100

200m

ASL

LBDD003

LB 44

LB 57

Lobo Shaft

LB 42

Old Lobo Copper Mine

LB 33

?

?

?

?

A A’

?

?

?

D R I L L - T A R G E T A R E A

LB 37 LB 35

8.6m @ 2.53 g/t Au

LB68

LB70

LB71

4.9m @ 4.47 g/t Au 6.3m @ 8.03 g/t Au Inc. 4m @ 11.18 g/t Au

4.6m @ 5.83 g/t Au, 4.1% Cu

LB66 LB67

?

> 400 m

LB 38

LBDD002

?

LB72

Stope on

vein

Creek

LB 56

8.0m @ 2.09 g/t Au Inc. 2m @ 4.8 g/t Au

LB74

LB73 LB69

LB75-13 in progress

LB76-13 in progress

?

?

?

?

Lobo Project: West Drift Longitudinal Projection Taysan Porphyry Cu-Au Deposit

LOBO

BATANGAS PROJECTS

Map Area

> 20.0

10.0 – 20.0

3.0 – 10.0

0.5 – 3.0

Old 2004 drill holes (unsurveyd)

New RMX drill holes (surveyed)

Drilled, result pending

MAP KEY

Au g/t x metre contours

9.3m = metres downhole @ 14.53 g/t (gram/tonne) Au (gold)

50m

• Projection of epithermal Lode • Increasing gold grade with depth • Drilling defining high-grade zone

14

Page 18: Jon dugdale  Red Mountain Mining

Exploratory raise

LB70-13

189.4

229.8

150

9,2

00

E

9,3

00

E 9

,30

0E

9,3

00

E

Road

Creek

LB72-13

150m

ASL

100

75

50

25

0

-25

-50

125

-75

25m

60.3

?

Quaternary colluvium

Propylitized andesite (chlorite -

clay - pyrite ± calcite ±

magnetite)

Clay – quartz – pyrite alteration

Quartz - barite - sulphide ± clay

breccia

Quartz - pyrite ± clay alteration

Shear zone

Fault gouge

Drill hole

Mineralized intercept

LB-39

End of hole 75m

6.3m = metres downhole @ 8.03 g/t (gram/tonne) Au (gold) 2.07 g/t (gram/tonne) Ag (silver) 1.96 % Cu (copper)

Taysan Porphyry Cu-Au Deposit

LOBO

BATANGAS PROJECTS

Map Area

MAP KEY

Lobo Project: West Drift Cross section 10675mN

15

1.7m @ 0.62 g/t Au, 1.96 % Cu

1.5m @ 0.51 g/t Au, 1.8 % Cu

2.9m @ 2.05 g/t Au,0.11 % Cu

1.95m @ 1.28 g/t Au, 0.18 % Cu

6.7m @ 1.2 g/t Au, 2.46 g/t Ag, 0.03 % Cu

6.3m @ 8.03 g/t Au, Inc. 4m @ 11.18 g/t Au,

Page 19: Jon dugdale  Red Mountain Mining

Lobo Project: Drilling Programme

• Two rigs on continuous shifts drilling depth and lateral

extension to West Drift gold lode.

• One additional rig to commence drilling Japanese

Tunnel, Pica and other new Lobo targets in March

• Trenching and sampling of outcropping epithermal lode

structures continuous

16

Page 20: Jon dugdale  Red Mountain Mining

Sea

Biga

Marita

Bootin

N 1 Km 0

Archangel MPSA boundary

Younger cover rocks

Extensively altered volcanics intruded

by diorite and dacite

Advanced argillic zones

Resource area

Epithermal gold-silver zones

Porphyry-related stockworks

Vein breccia

Boulder field of mineralized massive

silicified rocks

Old mine working

Copper showing

Porphyry related IP anomalies

BATANGAS, ARCHANGEL PROJECT

MAP KEY

• 6 km gold anomalous zone • Near/at surface resources EL PASO PROJECT

TALAHIB PROJECT

BATANGAS PROJECTS

Crazy Horse Taysan Project

KAY TANDA GOLD RESOURCE

ARCHANGEL PROJECT

LOBO GOLD PROJECT

20

*Refer to qualified person statement on slide 2

Next Slide

Page 21: Jon dugdale  Red Mountain Mining

Lumbangan

Zone

316000E

1508000N

317000E

1507000N

KTD199-12 2.2m @ 36.53 g/t Au 6.6m @ 2.63 g/t Au

KTD200-12 10.65 @ 1.66 g/t Au

KTD195-12 9.3m @ 3.55 g/t Au, 19.21 g/t Ag

Incl. 3.95m @ 6.27 g/t Au

KTD196-12 20.55m @ 1.66 g/t Au KTD197

KTD194

KTD198

Archangel Gold Resources Project

• Defined Mineral Resources at surface • Open to the northwest and northeast • Drilling planned to convert and extend Indicated Resources

Taysan Porphyry Cu-Au Deposit

LOBO

BATANGAS PROJECTS

Map Area

MAP KEY

Younger volcanics

Lithologic contact

Mineralized volcanics

Area of drill resource

delineation in progress to date

Mineralization open

IP chargeability anomaly

Recent RMX Drill hole

Road

River / creek

200 m 0

N

17

Kay Tanda Indicated and Inferred 5,586,000 t @ 2.0 g/t Au; 363,000 oz Au

Page 22: Jon dugdale  Red Mountain Mining

Archangel Project: Drilling Programme

• Known Inferred resources within optimised pit shells to

be converted to 100% Indicated Resource category

• Additional high grade gold targets being identified from

trenching to be drilled

• Targeting of deeper extensions following further drilling

and mapping of exposed structures

18

Page 23: Jon dugdale  Red Mountain Mining

LOBO

Calo

Taysan Copper-Gold Resource

(TSXV Crazy Horse Resources)

Meas. and Indicated 459mt @ 0.26% Cu, 0.10 g/t Au

El Paso San Juan

Batholith

Manila

Luzon

Mindanao

Sea

Tenements for JV

IP Chargeability Anomaly (Cu-

Au)

Faults / trends

Copper showing

Historical mine / workings

Other prospects

Retained RMX Tenements

MAP KEY

19

Major JV partner sought for Copper-gold areas

4km 0

N

- Large porphyry Cu-Au potential

El Paso Project: Proposed joint venture area

Page 24: Jon dugdale  Red Mountain Mining

Key value-driving milestones for 2013

Milestone Objective Timing

Lobo Project: Drill Lobo high-grade gold

shoot targets eg West Drift, Japanese

Tunnel, Pica

Add additional high grade gold resources Q1 - Q4

2013

Archangel Project: gold resource drilling

Convert Inferred to Indicated in optimised

pit-shell areas; extend high-grade zones

Q2 - Q4

2013

El Paso Project: Drilling high priority

Cu/Au Targets

Joint Venture Porphyry Cu/Au tenements

to major mining house

Q2- 2013

Batangas projects gold resource

upgrade Significant gold resource increase

Q4- 2013

Batangas projects gold scoping study Viable gold project for Feasibility

Q4- 2013

20

Page 25: Jon dugdale  Red Mountain Mining

Contact details

Neil Warburton, Executive Chairman

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

21

Page 26: Jon dugdale  Red Mountain Mining

Qualified Person statement

22

The information in this report relating to Exploration Results is based on information compiled by Mr Jon

Dugdale who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration

experience which is relevant to the various styles of mineralisation under consideration to qualify as a

Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration

Results, Mineral Resources and Ore Reserves’. Mr Dugdale is a full time employee and Executive Director

of Red Mountain Mining Ltd. Mr Dugdale consents to the inclusion in the report of the matters based on his

information in the form and context in which it appears.

The information in this report relating to Mineral Resources is based on information compiled by Mr Ted

Coupland who is a member 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 2012 Edition of the ‘Australasian Code for Reporting of Exploration

Results, Mineral Resources and Ore Reserves’. Mr Coupland is a full time employee of Cube Consulting

Pty Ltd. Mr Coupland consents to the inclusion in the report of the matters based on his information in the

form and context in which it appears.

Page 27: Jon dugdale  Red Mountain Mining

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. Securit ies 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.

23