Red Rock Resources Plc · LSE:RRR

Red Rock Resources — Investor Presentation (November 2010)

34 slides from Red Rock Resources's investor presentation, Nov 18, 2010

1. Slide 1: November 2010

   November 2010

2. Slide 2: Disclaimer

   Disclaimer These presentation slides (the “Slides”) do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribe for any securities of the Company and they should not be relied on in connection with a decision to purchase or subscribe for any such securities

3. Slide 3: Corporate Profile

   Corporate Profile  AIM Listed Company (AIM:RRR)  Interests: Migori gold project in Kenya Two gold mines in Colombia Chassoul gold mine, Costa Rica  Major Shareholder: Regency Mines (21%)  Share Price: 15.50 pence  Market Cap: £104.71m  Shares in Issue: 675,544,383 3

4. Slide 4: Share Price & Volume

   Share Price & Volume Share Price: 15.5p 25 Nov Volume: 11.5m 4

5. Slide 5: Management

   Management Executive Directors:  Andrew Bell, MA, LLB, FGS, Chairman Over 30 years experience in finance, investment and mining. Directorships include Regency Mines Plc (Chairman), Resource Star Ltd (Chairman) and Jupiter Mines Ltd (Director).  Manoli Yannaghas, BA, Director 15 years experience in

6. Slide 6: Management

   Management Non-Executive Directors:  Michael Nott, BSc, MSc, FIMMM, FIQ, FMES Mining engineer and geologist with over 35 years experience.  John Watkins, FCA Former partner of Ernst & Young, with over 35 years of accounting experience.  Robert Weicker, BSc, PGeo Geologist with over 25 years exper

7. Slide 7: Gold: Kenya

   GOLD: KENYA 7

8. Slide 8: Migori: Project Overview

   Migori: Project Overview Mid Migori Mining (MMM) Company Limited operates the Migori gold and base metals project RRR owns 15% of MMM with farm in to raise to 60% Historic gold and base metals mining between 1930s-60s Geita • Located in SW Kenya, 15 km north of the Tanzanian border AngloGold 1.89 g/

9. Slide 9: Migori: Project Map

   Migori: Project Map Option over further 320 sq km SPL 236 (Ngira Migori) Special Prospecting Licences 122 and 202 covering 310.5 sq km 9

10. Slide 10: Migori: Current Gold Resources

    Migori: Current Gold Resources Tonnes Grade Contained Prospect Category (kt) (g/t) Au (oz) KKM Indicated 22,110 0.96 680,000 Gori Maria Indicated 8,600 0.87 240,000 MK Indicated 1,450 2.32 108,000 Nyanza Indicated 840 5.32 144,000 2006 Subtotal: Indicated 33,000 1.10 1,172,000 NI 43:101 Macalder Tai

11. Slide 11: Migori: Tailings Project

    Migori: Tailings Project Macalder Tailings Dam  Mid- 2010: JORC-Compliant, Indicated Resource estimate  Estimate excluded 5 holes from smaller, adjacent tailings dam  Metallurgical test work currently under assessment 1.424 million tonnes containing 75,084 oz Au at 1.64 g/t Zone Volume (m3) Tonne

12. Slide 12: Migori: Exploration

    Migori: Exploration Dec2009 Resource drilling on Scout drilling the Macalder Tailings RC 507 metres Jan2010 Jul2010 VTEM helicopter Magnetic and Aug2010 survey over Macalder Radiometric survey Mine block across both licences Nov2010 Diamond Coring 2000 metres Infill resource drilling Exploration Dri

13. Slide 13: Migori: VTEM Results

    Migori: VTEM Results VTEM Targets  T1 and T3 largest anomalies T1 East and west Macalder Mine Extensions T3 North of MK prospect. Anomaly over BIF outcrop T2 Smaller anomaly over Bushells prospect  Drilling planned at both targets to investigate deep conductors  Other anomalies - cultural

14. Slide 14: Migori: Objectives

    Migori: Objectives  Build a 2 - 3Moz resource base  Follow up high grade intersections  Investigate Macalder VMS and BIFs Upgrade KKM Resource model with view to early production Upgrade confidence in the tailings resource. Plan for gold production  Explore new targets

15. Slide 15: Gold: Colombia

    VT, GOLD: Colombia

16. Slide 16: Colombia: Project Overview

    Colombia: Project Overview  Investment in two Colombian gold mines on Frontino Gold Belt – oldest in Colombia  Loan with rights to acquire up to 55% of operating company  El Limon 60 year old production history – production infrastructure in place  Production begins Nov/Dec 2010  Ore production

17. Slide 17: Colombia: Gold Geology

    Colombia: Gold Geology Frontino Gold Belt Mineralisation in the Frontino Gold Belt, Antioquia is controlled by the OTU FAULT The Frontino Gold Belt is one of the world’s great mesothermal gold fields, with estimated production of 8-9 Moz from the Segovia-Remedios region alone. 17

18. Slide 18: Colombia: Assets

    Colombia: Assets El Limon  60-year-old mine produced 108 tonnes of ore/m and 15.3kg/m in first five months of 2010 from non-mechanised operations.  Vein-style gold deposit produced ore from 7 levels down to 380m.  Plant with 150 tpd capacity re-opening November/December 2010 Machuca (La Aurora) 

19. Slide 19: Colombia: Deal Structure

    Colombia: Deal Structure 3 year $US2m loan to Mineras Four Points (MFP)  5% interest  3 year Consultancy Agreement at $200K and increasing to $350k/quarter (Gross Return $3.2m)  Total agreed return 15% EBITDA if greater Option (2 yr period) to acquire 50% of MFP for $6.5m Option (3 yr period) to

20. Slide 20: Colombia: Objectives

    Colombia: Objectives  Looking for extensions to the vein  Expanding plant capacity to 250tpd and 400tpd  Exploring for other veins  Expanding property portfolio in order to grow production 20

21. Slide 21: Gold: Costa Rica

    VT, GOLD: Costa Rica

22. Slide 22: Costa Rica: Deal Structure

    Costa Rica: Deal Structure Investment in Ascot Mining  Announced on 19th November 2010  £1.5million investment @20p (now 38p)  Ascot [ASMP] quoted on PLUS market  Enables Ascot to meet payment obligations for producing Chassoul gold mine  2/3 other mines  Convertible + options give up to 23.4%

23. Slide 23: Costa Rica: Location

    a “e ~ Costa Rica: Locat Sarapiqui Gold Bell IC ARAGUA Ba costs i Me or Talamanca Gold-Copper = "BRERA Osa-Burica Gold Belt

24. Slide 24: Costa Rica: Gold Geology

    Costa Rica: Gold Geology Chassoul Gold Mine  Ascot's wholly owned Veritas Gold CR is acquiring a 100% interest in Mina Chassoul, approximately 60km south of Veritas Mining's operations.  Construction of infrastructure, the mill and plant facilities and rehabilitation of the mine is well underway.

25. Slide 25: Financial Summary

    VT, FINANCIAL SUMMARY

26. Slide 26: Investment Holdings

    Investment Holdings Jupiter Mines Ltd  ASX –listed ‘steel feed’ platform created by RRR/Pallinghurst with potential 1.3 bn ton magnetite project in WA (RRR has 1.5% royalty)  August 2010 vote agreed to acquire major open pit manganese mine at Tshipi, South Africa  83,734,165 shares held by RRR (5

27. Slide 27: Financial Overview

    Financial Overview End November 2010 End December 2010 (Predicted) (Projected) Current Assets and Investments Cash £800,000 £6,000,000 Listed Investments £27,350,000 ? Loans -£1,900,000 -£1,600,000 Market Value £104,000,000 ? Overhead 2010 Q4 exploration cost (est): -£200,000 2010 Q4 overhead cost (

28. Slide 28: Political Risk

    VT, POLITICAL RISK

29. Slide 29: Kenya: Political Risk

    Kenya: Political Risk  Tribal riots after last Presidential election  Migori area affected  Perception of corruption Mitigated by:  International mediation and assistance  New constitution  Bipartisan approach to reform  New local appointments by MMM.

30. Slide 30: Colombia: Political Risk

    Colombia: Political Risk  FARC communist guerrillas and drug cartels established in some areas of the country  The El Limon and Machuca areas historically affected Mitigated by:  Successful military campaigns against FARC  U.S.A assisted drive against cocaine production  El Limon and Machuca ar

31. Slide 31: Summary

    SUMMARY 31

32. Slide 32: Key Points

    Key Points A new gold company:  Production starting in Colombia  1.2m oz Indicated Gold Resource in Kenya  Plans for production in Kenya  Increase in production to 1200 ounces per month in Costa Rica but not a new company:  Proven capacity to generate profits  Active exploration  Strong asset

33. Slide 33: 2010 – 2011 Key Objectives

    2010 – 2011 Key Objectives INCREASE GOLD PRODUCTION and PLANT CAPACITY in Colombia START GOLD PRODUCTION in Kenya initially from tailings INCREASE GOLD PRODUCTION in Costa Rica 33

34. Slide 34: Press and analyst comments

    ‘...analysts believe the shares are worth over 20p…investors looking for a way to benefit from current enthusiasm for gold should have a punt.’ Daily Mail – Midas Column, Joanne Hart, 26th Sept 2010 ‘Top-end scenario: NAV 61.59p per share’ Edison Investment Research, Charles Gibson, 22nd Sept 2010 w

Red Rock Resources — Investor Presentation (November 2010) on 6ix