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Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining...

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Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation
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Page 1: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

Wowo Gap Nickel Laterite ProjectPNG

Niugini Nickel Limited100% Subsidiary of

Resource Mining Corporation

Page 2: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

This presentation has been prepared by Resource Mining Corporation Limited (“RMC” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.

This presentation contains forecasts and forward looking information. Such forecast, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. RMC have not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, RMC make no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation.

You should not act or refrain from acting in reliance on this presentation material. This overview of RMC does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investments decision.

Disclaimer

Page 3: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

Wowo Gap – Nickel/Cobalt Project

Page 4: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

Perth Management Team

Managing Director Mr Warwick Davies

Exploration Manager Mr Mark Hill

Chief Financial Officer Ms Julie Hill

Senior Field Supervisor Mr Stanton Kennedy-Smith

PNG Exploration Staff

Exploration Geologist Mr Frank Mesak

Site Supervisor Mr Francis Casper

Field Supervisor Mr Kei Kei

Company Personnel

Page 5: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

Wowo Gap – Main Camp

Page 6: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

• 100% of Niugini Nickel employees are PNG Nationals

• NN supervisors and local labour hire personnel were trained to operate the drill rigs without the need for external contractors

• NN supervisors are trained to communicate with Perth office via the onsite computers and satellite systems

• NN funds health and education services to the villages that provide labour to the Wowo Gap Project.

• Direct benefits from the improved health service seen in the health and well-being of the local workforce.

Community Relations

Page 7: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

Wowo Gap – Land Owners

Obeia

Embessa

WOWOGAP

PROJECTKoromandu

Boko

Seta

Obursura Foyo

Rarotu

Irida Clan

Korafi Clan

Veraudi

UdoroudFutme

Borumau

Wanigela

Afuma Foyo

Ogai FoyoIriso Foyo Clan

Page 8: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

Field Supervisors

Drilling Team

Niugini Nickel Personnel

Page 9: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

2010/11 Drilling Operations

Page 10: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

Wowo Gap – Drill Core

Page 11: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

Wowo Gap – 2010/11 Drilling Program

• Improved Drilling Efficiency due to new drill method:

• 72 Diamond core holes in 2007 - 2008

• 158 Core holes in 2010

• 61 Core holes in 2011

• 10 km strike length tested to date

Page 12: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

• Discovery of New Acid Leaching Process

• The acid is a bio-renewable organic acid.

• The new process will extract Ni & Co from both the Limonite & Saprolite layers of the laterite resource

• It is likely that the new process will substantially improve the economic viability of the project

New Green-Tech Leaching Process

Page 13: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

• Update the Resource Estimation

• Continue metallurgical development of new organic acid leaching process

• Scoping Study to assess economic viability of the project using the new organic acid leaching process

• Training and education of local village people in hygiene practices to support good health, and medical assistance as required

• Training and education of local village people in Cassava farming in order to establish an income for the villages through the export of Cassava produce

Wowo Gap – Moving forward in 2011

Page 14: Wowo Gap Nickel Laterite Project PNG Niugini Nickel Limited 100% Subsidiary of Resource Mining Corporation.

Contact Details

Warwick DaviesManaging DirectorResource Mining Corporation Ltd702 Murray Street, West Perth WA 6005Ph: +618 9213 9400Fax: +618 9213 9444Email: [email protected]: www.resmin.com.au


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