CORPORATE PRESENTATIONEIS TIMELINE UPDATEMAY 23, 2012                         WWW .R O MA R C O .C O M
Cautionary StatementThe information in this document has been prepared as of March 13, 2012. Certain statements contained ...
HGM PERMITTING                                                                                                         TSX...
ENVIRONMENTAL IMPACT STATEMENT PROCESS          Contractor (3rd Party) Selection – Sept. 2, 2011 (announced Sept. 26, 2011...
HAILE GOLD MINE PROJECT               People                                                      Operating team in place...
CAPITAL COSTS BREAKDOWN                                                                    TSX : R    Component of CAPEX  ...
CAPITAL COSTS BREAKDOWN -EQUIPMENT                                                          (in millions of USD)      EQUI...
CAPITAL COSTS BREAKDOWN -CONSTRUCTION                                   (in millions of USD)      CONSTRUCTION TOTAL      ...
CAPITAL COSTS BREAKDOWN -OTHER                                             (in millions of USD)        OTHER TOTAL        ...
CAPEX CREEP?   Why such low capex at Haile (relative to other projects)?        Other projects are remote and in high ri...
BURN RATE – Through 2012           Cash at May 4, 2012 - $93M                                                          (in...
CONTACT INFORMATIONDan SymonsVice President, Investor Relationsdsymons@romarco.comBrookfield Place181 Bay Street, Suite 36...
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EIS Schedule Presentation

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EIS Schedule Presentation

  1. 1. CORPORATE PRESENTATIONEIS TIMELINE UPDATEMAY 23, 2012 WWW .R O MA R C O .C O M
  2. 2. Cautionary StatementThe information in this document has been prepared as of March 13, 2012. Certain statements contained in this document constitute “forward-looking statements”within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward looking information under the provisions of Canadianprovincial securities laws. When used in this document, the words “anticipate”, “expect”, “estimate”, “forecast”, “will”, “planned”, and similar expressions areintended to identify forward-looking statements or information.Specifically, this presentation contains forward looking statements regarding the results and projections contained in the March 13, 2012 technical report of the TSX : RHaile Gold project, including the expected mine life, recovery, capital costs, cash operating costs and other costs and anticipated production of the described openpit mine, the projected internal rate of return, the projected payback period, the availability of capital for development, sensitivity to metal prices, ore grade, thereserve and resource estimates on the project, the financial analysis, the timing for completion of the revised feasibility study on the Haile Gold project, the timingand amount of future production, the timing of construction of the proposed mine and process facilities, capital and operating expenditures, the timing of thereceipt of permits, rights and authorizations, communications with local stakeholders and community relations, availability of financing and any and all othertiming, development, operational, financial, economic, legal, regulatory and political factors that may influence future events or conditions and expected drillingactivities. In addition, this presentation also contains updated resource estimates contained in the March 13, 2012 technical reports. WWW.ROMARCO.COMScientific and technical information referred herein has been extracted from and are hereby qualified in their entirety by reference to the aforementioned technicalreports (“Technical Reports”). Joshua Snider, P.E., Thomas L. Drielick, P.E., Lee “Pat” Gochnour, M.M.S.A., John Marek, P.E. and Derek Wittwer, P.E. are responsiblefor preparing the Technical Reports. Each of the above referenced persons is a “qualified person” as defined in National Instrument 43-101 — Standards ofDisclosure for Mineral Projects.Such forward‐looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in anyanother of Romarco’s public filings, and include the ultimate determination of mineral reserves and resources, availability and final receipt of required approvals,licenses and permits, sufficient working capital to develop and operate the proposed mine, access to adequate services and supplies, economic conditions,commodity prices, foreign currency exchange rates, interest rates, access to capital and debt markets and associated cost of funds, availability of a qualified workforce, lack of social opposition and legal challenges, and the ultimate ability to mine, process and sell mineral products on economically favorable terms. WhileRomarco considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Actual results may vary fromsuch forward‐looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Romarco filings at www.sedar.com.Forward‐looking statements are based upon management’s beliefs, estimate and opinions on the date the statements are made and, other than as required by law,Romarco does not intend, and undertakes no obligation to update any forward‐looking information to reflect, among other things, new information or future eventsCautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources:Certain tables may use the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are recognized andrequired by Canadian regulations, however, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have agreat amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred MineralResource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or othereconomic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted intoMineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.All figures are US$ unless otherwise indicated 2
  3. 3. HGM PERMITTING TSX : R Federal – USACE* State – DHEC** • 404 Wetlands Permit only • 401 Water Quality Certification USACE is sole deciding Mining Permit WWW.ROMARCO.COM • • regulatory body • Operating Permit • All other agencies are • Air Quality Permit cooperating or commenting agencies only – EPA, US Fish • Others and Wildlife, etc.* US Army Corps of Engineers** South Carolina Department of Health and Environmental Control 3
  4. 4. ENVIRONMENTAL IMPACT STATEMENT PROCESS Contractor (3rd Party) Selection – Sept. 2, 2011 (announced Sept. 26, 2011) Notice of Intent Federal Register – Sept. 23, 2011 TSX : R 30 day notice period Public Scoping Meeting – Oct. 27, 2011 WWW.ROMARCO.COM Scoping comment period closed – Nov. 28, 2011CURRENT STAGE Preparation of Draft EIS Draft EIS filed and comment period opens– December 14, 2012 Draft EIS Public Hearing – January 29, 2013 Draft EIS comment period closes – February 28, 2013 Final EIS filed – July 19, 2013 Record of Decision (ROD) on 404 Wetlands permit – August 16, 2013 4
  5. 5. HAILE GOLD MINE PROJECT People  Operating team in place TSX : R WWW.ROMARCO.COM $320 million (1)  One of lowest capital cost projects in industry  One of highest grade open-pit projects in 2.06 g/t (2) industry $379/oz (2)(3) ($347/oz first 5 years)  One of lowest operating cost projects in industry(1) Capital cost estimate from December 31, 2011 MD&A (includes $30 million for contingency and $17 million for inflation)(2) As per February 2011 Feasibility Study results included in March 13, 2012 Technical Report filed on March 19, 2012 on sedar.com 5(3) Includes silver byproduct credit
  6. 6. CAPITAL COSTS BREAKDOWN TSX : R Component of CAPEX Feasibility $275M vs March 2012 $320M EQUIPMENT ~ 1/3 • Increased water treatment plant capacity WWW.ROMARCO.COM CONSTRUCTION ~ 1/3 • Additional liners OTHER ~ 1/3 • Updated commodity pricing TOTAL PROJECT $320M • Additional fencing • Tweaked silver recovery circuit • Added $17M to cover potential inflation 6
  7. 7. CAPITAL COSTS BREAKDOWN -EQUIPMENT (in millions of USD) EQUIPMENT TOTAL ~ 1/3 of CAPEX TSX : R Ordered and locked in ~$45 • CAT, Hitachi Shovel, SAG/Ball mill, Other processing WWW.ROMARCO.COM equipment • CAT equipment currently in South Carolina • ~$0.2 in monthly progress/holding payments Orders negotiated / prices set ~$25 (pending release for manufacture – indexed to commodities) • Fine grinding mills, Water Treatment plant, etc. Not yet ordered, not long-lead time ~$30 7
  8. 8. CAPITAL COSTS BREAKDOWN -CONSTRUCTION (in millions of USD) CONSTRUCTION TOTAL ~ 1/3 of CAPEX TSX : R Exposure to inflation • Oil / diesel, concrete, steel etc. WWW.ROMARCO.COM • Recently priced • Supply and demand • Local area has many contractors and high unemployment 8
  9. 9. CAPITAL COSTS BREAKDOWN -OTHER (in millions of USD) OTHER TOTAL ~ 1/3 of CAPEX TSX : R • Contingency $30 • Inflation $17 WWW.ROMARCO.COM • Owner’s Cost ~$20 • EPCM ~$24 • Pre-stripping ~$20 • Very little risk of inflation • $47M combined in contingency ($30M) and inflation ($17M) 9
  10. 10. CAPEX CREEP? Why such low capex at Haile (relative to other projects)?  Other projects are remote and in high risk TSX : R environments WWW.ROMARCO.COM Location and Infrastructure excellent at Haile  Not building  Power facilities  Dams  Water Supplies  Many kilometers of roads  Employee camp 10
  11. 11. BURN RATE – Through 2012 Cash at May 4, 2012 - $93M (in millions of USD) TSX : R Remaining 2012 burn • Exploration ~$2 - 9 WWW.ROMARCO.COM • Corporate ~$4 - 6 • HGM project ~$22 - 28 includes capex, engineering, equipment payment, EIS etc. Projected Cash at end of 2012 - $55M to $65M 11
  12. 12. CONTACT INFORMATIONDan SymonsVice President, Investor Relationsdsymons@romarco.comBrookfield Place181 Bay Street, Suite 3630Toronto, Ontario M5J 2T3Tel: 416.367.5500Fax: 416.367.5505Email: info@romarco.com WWW .R O MA R C O .C O M

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