ABN: 97 008 045 083 702 Murray Street, West Perth Western Australia - - PDF document

ABN: 97 008 045 083 702 Murray Street, West Perth Western Australia 6005 Phone: 61 8 9213 9400 Fax: 61 8 9213 9444 Website: www.resmin.com.au

25 November 2015 The Company Announcements Office Australian Securities Exchange Limited 4th Floor, 20 Bridge Street SYDNEY NSW 2000

2015 PNG Mining and Petroleum Conference Presentation

The attached presentation was delivered at the 2015 PNG Chamber of Mines and Petroleum “Mining and Petroleum Conference” being conducted in Port Moresby, PNG between 24 to 26 November 2015. Yours sincerely Warwick Davies Managing Director

WOWO GAP NICKEL LATERITE PROJECT EL 1165, EL 1980, EL 2337

“OPPORTUNITIES IN CHALLENGING TIMES”

NIUGINI NICKEL LIMITED 100% SUBSIDIARY OF RESOURCE MINING CORPORATION

PNG MINING AND PETROLEUM CONFERENCE 24-26 November 2015

ABN: 33 071 497 884 ABN: 97 008 045 083

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. COMPETENT PERSON’S STATEMENT The information in this presentation is extracted from various reports released to the Australian Securities Exchange . (ASX) and are available on the ASX website, www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

Technical Disclosures and Forward-Looking Disclaimers

Wowo Gap Nickel Laterite Project – Location

 Mineralisation open to the north and south of current resource model on EL 1165  Potential for high grade “pockets” across seven zones  EL 1980 (neighbouring exploration lease) – mineralisation identified with extension of ultramafic unit into this EL  Grant of EL 2337 (November 2015) for exploration potential towards the coast

Wowo Gap Nickel Laterite Project – Tenements

Conference Theme

“Opportunities in Challenging Times” clearly reflects the current reality. In order to identify the “OPPORTUNITIES”, it is necessary to highlight and recognise the “CHALLENGES”, particularly those faced by small companies in the Exploration Industry. For Niugini Nickel, we have seen the “OPPORTUNITIES” emanate from coping with the “CHALLENGES” on a daily basis.

Challenges in Challenging Times

 Commodity Cycle/World Economy

• Depressed nickel prices – near 13 year low1
• Nickel demand driven by China whose economic outlook appears limited
• Investors risk averse
• Equity raising very difficult for junior explorers

 Increasing regulatory compliance costs/complexities  Meeting growing expectations of all stakeholders  Finding additional operational efficiencies  Project development – timing and funding

1 Mining News 19 November 2015

???

Outlook for Nickel Market

 Prices for ferrous and non-ferrous raw materials and metals remain low with nickel prices falling 31% this year  Prices declined primarily as a result of the decrease in demand for stainless steel in China  Industry commentators predicted prices would average USD$15,120 per mt this year1.  Actual closer to USD$13,000 per mt1

1HSBC ‘Metals & Mining Quarterly Review’ Sept 2015

Source: Kitco Metals

Outlook for Nickel Market cont

 Large build-up of inventory in London Metal Exchange warehouses

(Source: Platts McGraw Hill 20 May 2015)

Outlook for Nickel Market cont

FUTURE  Nickel demand dependent upon Chinese economic activity  Stainless steel will remain the driver of nickel demand although developments in battery technology (lithium ion) could see new growth opportunity  China’s economic growth in the September 2015 quarter was 6.9%, the slowest quarterly expansion since 2009.  China’s Nickel Pig Iron producers account for 26% of world’s nickel production in 2013  Laterite supply source now about 100% for Philippines  Despite the Indonesian ban on export of nickel ore, Philippines, a logical alternative source, maintained similar production in 2014 as in 2013

Outlook for Nickel Market cont

FUTURE  Have nickel prices hit the bottom?  Predictions of USD$21,500 per mt in 2016 and USD$22,000 per mt in 20171  Indonesian mining ban re-affirmed  Philippines growth opportunities questioned  New sources WILL be required

1HSBC ‘Metals & Mining Quarterly Review’ Sept 2015

Opportunities in Challenging Times

OPPORTUNITY IDENTIFICATION Question current activities and operations: WHAT WE DO, HOW WE DO IT, WHY WE DO IT Focus:  Safety  Cost reduction: improve efficiencies in all areas - head office and project site  External Influences  Training  New ways of doing things

External Influences: Lessons from the Drought

• Focussed monitoring of camp water supply, including the construction of a new dam and upgrade of

water storage and distribution system to eliminate leakage losses

• Creation of a fresh produce garden onsite, including an

irrigation system with the use of grey water

• Community liaison work with local villages and hamlets

Safety

• Construction work onsite: including renovations / extensions / re-roofing of

existing buildings – for a safe living and working environment

• Track maintenance within the project area, including all tracks servicing site and surrounding

villages incl: removal of obstacles, erection of hand rails and installation of steps- local travel safer and more efficient

• General site maintenance: routine grass cutting, stump and overhanging tree removal, milling of

timbers for future construction, helipad clearing – elimination of obstacles, ease of camp access, creating emergency muster points

Opportunities in Challenging Times cont.

Operational Cost Reductions/Improved Efficiencies

• Expansion of the solar system at the main exploration camp of ‘Joan’ supplementing the battery

charge with a dedicated Yanmar generator on an “as needs” basis

• Improved satellite communications with universal use of robust laptop computers cloud based back-

up, all supported by reliable power supply from solar system

• Commitment to training in all areas as a routine part of site operations, eg: cooking, mechanical

service and repair, drill rig maintenance and operation, water testing, sat phone use and office administration

• Office administration move to digital office, historical paper records scanned and backed up:

cockroaches destruction avoided!

• Ongoing review, amendment and implementation of policies / procedures / templates
• Reduction in FIFO personnel numbers by up-skilling the local work force

Opportunities in Challenging Times cont.

Opportunities for Future Development

Project Opportunities

• Extension of the Embessa air strip to 1200 metres, allowing the utilisation
• f larger aircraft such as the Twin Otter and Cessna Caravan allowing

greater freight capacity. Improved freight capacity means improved economic efficiencies

• All water testing and monitoring being taken into consideration with regards

feasibility of the future planning of a hydro plant to supply the project site

• Initial investigation and mapping of the possible road route to the coast

from the project site Social Commitment

• Implementation of surrounding local village and hamlet fresh produce surveys

(ie: Embessa / Kakasa / Musasa / Ovesa / Taruma and Obea / Aboubi / Ubo) and the rotation through these villages / hamlets when supplying site with fresh fruit and vegetables

• Assistance with construction work in the local villages, specifically a new

health aid post at Embessa and a new school building at Obea

 Many of the rivers and streams within the tenement area have dried up or are very low  Current drought has impacted on many villages in the Safia district  Niugini Nickel has been closely monitoring the impact of the drought on villages within close proximity to the tenement  21st November saw the first Government drought relief aid flown into Embessa, the only serviceable air strip within the Safia area  Rice, flour and oil to be distributed to families in nearby and outer lying villages

Drought Effects and Relief

NICKEL CAPABILITY - WOWO GAP OBJECTIVES  Confirm high grade nickel DSO resource;  Complete Feasibility Study and permitting;  Develop mine, road and port infrastructure in stages;  Get product to market as soon as possible to capitalise on changed market conditions

Re-cap on Objectives of 2014 PNG Mining & Petroleum Investment Conference

NICKEL CAPABILITY -PLANNED WOWO GAP WORK PROGRAM 1. Assess higher grade DSO ore  Ground Penetrating Radar survey to identify limonite and saprolite boundaries:

• Completed on 100 metre line spacings and used for drill hole location
• Incorporated into resource data base

 Infill drilling to better define existing high grade limonite and saprolite zones:

• Diamond and auger rigs delivered, commissioned and fully utilised on drilling program
• Operators trained, procedures developed and preliminary targets drilled
• Results assessed, learning incorporated for next program

 Step out drilling to increase tonnage of high grade saprolite:

• Step out drilling incomplete – funding an issue
• Preliminary results confirm pockets of high grade saprolite
• More drilling required when funding available

Re-cap on Objectives of 2014 PNG Mining & Petroleum Investment Conference

NICKEL CAPABILITY - PLANNED WOWO GAP WORK PROGRAM 2. Assess infrastructure requirements for DSO operations  Transport corridor – outline identified, preliminary assessment complete  Transhipping facilities – concept well understood, potential operations considered  Site support infrastructure – concepts well advanced. Operations considered 3. Continue permitting and baseline social and environmental studies: Studies in progress.

• Major focus on water quality testing
• Significant background data acquired
• Testing on-going on a routine basis

2. Complete DSO Feasibility Study

• On schedule

Re-cap on Objectives of 2014 PNG Mining & Petroleum Investment Conference

 Large, globally significant Nickel laterite JORC resource  Close to proposed coastal export point  Proximity of WOWO Gap Project to Asian markets  Significant exploration upside in adjacent licence areas  Highly experienced and innovative team  Stable jurisdiction with progressive mining regulations and taxation system  Responsible corporate citizen, well regarded in PNG

Wowo Gap – An Investment Opportunity

Thank you