Resource Minerals International Ltd · ASX:RMI
Resource Minerals International — Shareholder Meeting (November 2006)
12 slides from Resource Minerals International's shareholder meeting presentation, Nov 30, 2006
Slide 1: Annual General Meeting
Annual General Meeting 30 November 2006
Slide 2: Wowo Gap and Argyle Iron Ore
WOWO GAP (100%) ► Nickel laterite deposit ► Inferred Resource 120mt at 1.2% Ni, 0.1% Co ► Potential to significantly expand resource tonnage ARGYLE IRON ORE (75%) ► Rights issue to conduct further ► Haematite/plus Magnetite resource definition work potential ► Inferred Resource 17mt at 55% Fe ► Seek
Slide 3: Rights Issue
Rights Issue •1 for 4 renounceable rights issue •price of 2.3 cents •to raise $1,966,697 Share Capital Cash (M/shares) ($M) At 31 October 342.0 0.8 Rights Issue 85.5 2.0 Total 427.5 2.8
Slide 4: Wowo Gap – Nickel/Cobalt Project
Wowo Gap –Nickel/Cobalt Project
Slide 5: Wowo Gap – Program for 2007
Wowo Gap –Nickel/Cobalt Project Program for 2007 1. Grid Line Clearing 2. Ground Penetrating Radar 3. Diamond Drilling 4. Analysis & Metallurgy
Slide 6: Ground Penetrating Radar
Wowo Gap –Nickel/Cobalt Project Ground Penetrating Radar •Proven technique Ni laterite deposits around the world (eg Ramu, Weda Bay, Goro) •Maps boundaries of laterite layers within profile •Less drilling required: drilling used to confirm layer identification and grade
Slide 7: Wowo Gap – Nickel/Cobalt Project
Wowo Gap –Nickel/Cobalt Project
Slide 8: Wowo Gap – Nickel/Cobalt Project
Wowo Gap –Nickel/Cobalt Project
Slide 9: Wowo Gap – Nickel/Cobalt Project
Wowo Gap –Nickel/Cobalt Project
Slide 10: Argyle Iron Ore
Argyle Iron Ore Wyndham “al Kununurra Argyle Project
Slide 11: Argyle Iron Ore – Operational Philosophy
Argyle Iron Ore Operational Philosophy 1-2 Mtpa JORC Inferred Resource: 17mt 55%Fe MINE Minimal overburden, ore horizon dips 10 to 15 degrees to East, Waste: Ore <0.5:1 Contractor operation, 45/50 tonne trucks, small excavator/front end loader PROCESSING Contractor crush/screen Lump and fines produc
Slide 12: Summary
Summary CHANGE OF EMPHASIS FOR RMC ► Nickel opportunity at Wowo Gap has the potential to add great value ► The Directors believe that worldwide demand for nickel (and thus prices) should remain high ► Focus on Wowo Gap to increase understanding of this large prospective resource ► Argyle Iron Ore co
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