• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
ROMARCO - Corporate Presentation MAY 2012
 

ROMARCO - Corporate Presentation MAY 2012

on

  • 3,853 views

 

Statistics

Views

Total Views
3,853
Views on SlideShare
908
Embed Views
2,945

Actions

Likes
0
Downloads
25
Comments
0

3 Embeds 2,945

http://www.romarco.com 2853
http://romarco.com 91
http://translate.googleusercontent.com 1

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    ROMARCO - Corporate Presentation MAY 2012 ROMARCO - Corporate Presentation MAY 2012 Presentation Transcript

    • CORPORATE PRESENTATIONMAY 2012 WWW .R O MA R C O .C O M
    • Cautionary Statement  The  informa-on  in  this  document  has  been  prepared  as  of  March  13,  2012.  Certain  statements  contained  in  this  document  cons-tute  “forward-­‐looking  statements”  within  the  meaning  of  the  United  States  Private  Securi-es  Li-ga-on  Reform  Act  of  1995  and  forward  looking  informa-on  under  the  provisions  of  Canadian  provincial  securi-es  laws.  When  used  in  this  document,  the  words  “an-cipate”,  “expect”,  “es-mate”,  “forecast”,  “will”,  “planned”,  and  similar  expressions  are  intended  to  iden-fy  forward-­‐looking  statements  or  informa-on.    Specifically,  this  presenta-on  contains  forward  looking  statements  regarding  the  results  and  projec-ons  contained  in  the  March  13,  2012  technical  report  of  the     TSX : RHaile  Gold  project,  including  the  expected  mine  life,  recovery,  capital  costs,  cash  opera-ng  costs  and  other  costs  and  an-cipated  produc-on  of  the  described  open  pit  mine,  the  projected  internal  rate  of  return,  the  projected  payback  period,  the  availability  of  capital  for  development,  sensi-vity  to  metal  prices,  ore  grade,  the  reserve  and  resource  es-mates  on  the  project,  the  financial  analysis,  the  -ming  for  comple-on  of  the  revised  feasibility  study  on  the    Haile  Gold    project,    the  -ming  and  amount  of  future  produc-on,  the  -ming  of  construc-on  of  the  proposed  mine  and  process  facili-es,  capital  and  opera-ng  expenditures,  the  -ming  of  the  receipt    of  permits,  rights  and  authoriza-ons,  communica-ons  with  local  stakeholders  and  community  rela-ons,  availability  of  financing  and  any  and  all  other  -ming,  development,  opera-onal,  financial,  economic,  legal,  regulatory  and  poli-cal  factors  that  may  influence  future  events  or  condi-ons  and  expected  drilling  ac-vi-es.    In  addi-on,  this  presenta-on  also  contains  updated  resource  es-mates  contained  in  the  March  13,  2012  technical  reports.   WWW .R O MA R C O .C O M  Scien-fic  and  technical  informa-on  referred  herein  has  been  extracted  from  and  are  hereby  qualified  in  their  en-rety  by  reference  to  the  aforemen-oned  technical  reports  (“Technical  Reports”).    Joshua  Snider,  P.E.,  Thomas  L.  Drielick,  P.E.,  Lee  “Pat”  Gochnour,  M.M.S.A.,  John  Marek,  P.E.  and  Derek  Wiwer,  P.E.  are  responsible  for  preparing  the  Technical  Reports.    Each  of  the  above  referenced  persons  is  a  “qualified  person”  as  defined  in  Na-onal  Instrument  43-­‐101  —  Standards  of  Disclosure  for  Mineral  Projects.    Such  forward-­‐looking  statements  are  based  on  a  number  of  material  factors  and  assump-ons,  including,  but  not  limited  in  any  manner,  those  disclosed  in  any  another  of  Romarco’s  public  filings,  and  include  the  ul-mate  determina-on  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  condi-ons,  commodity  prices,  foreign  currency  exchange  rates,  interest  rates,  access  to  capital  and  debt  markets  and  associated  cost  of  funds,  availability  of  a  qualified  work  force,  lack  of  social  opposi-on  and  legal  challenges,  and  the  ul-mate  ability  to  mine,  process  and  sell  mineral  products  on  economically  favorable  terms.  While  Romarco  considers  these  assump-ons  to  be  reasonable  based  on  informa-on  currently  available  to  it,  they  may  prove  to  be  incorrect.  Actual  results  may  vary  from  such  forward-­‐looking  informa-on  for  a  variety  of  reasons,  including  but  not  limited  to  risks  and  uncertain-es  disclosed  in  other  Romarco  filings  at  www.sedar.com.  Forward-­‐looking  statements  are  based  upon  management’s  beliefs,  es-mate  and  opinions  on  the  date  the  statements  are  made  and,  other  than  as  required  by  law,  Romarco  does  not  intend,  and  undertakes  no  obliga-on  to  update  any  forward-­‐looking  informa-on  to  reflect,  among  other  things,  new  informa-on  or  future  events      Cau-onary  Note  to  United  States  Investors  Concerning  Es-mates  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  and  required  by  Canadian  regula-ons,  however,  the  United  States  Securi-es  and  Exchange  Commission  does  not  recognize  them.  “Inferred  Mineral  Resources”  have  a  great  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  Mineral  Resource  will  ever  be  upgraded  to  a  higher  category.  Under  Canadian  rules,  es-mates  of  Inferred  Mineral  Resources  may  not  form  the  basis  of  feasibility  or  other  economic  studies.  United  States  investors  are  cau-oned  not  to  assume  that  all  or  any  part  of  Measured  or  Indicated  Mineral  Resources  will  ever  be  converted  into  Mineral  Reserves.  United  States  investors  are  also  cau-oned  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   
    • 2011 HIGHLIGHTS TSX : Ru  Completed Feasibility Study u  Acquired 5 regional targets, initiated drilling at 3u  Filed for all State & Federal permits WWW .R O MA R C O .C O M u  Permitted regional drilling projects inu  Completed 179,000 meters drill program less than 30 days •  Discovered 2 mineralized zones - Mustang & Palomino u  Permitted and built assay labu  Ordered key long lead-time equipment •  $5 million state of the art lab u  Locked in pricingu  Completed C$92mm bought-deal financing 3  
    • Why own ROMARCO?Near term, low cost gold producer with strong project economics TSX : RLocated in a mining friendly jurisdiction with excellent infrastructurePrivate land – 100% ownership of surface, minerals, water WWW .R O MA R C O .C O MNo royaltiesSolid cash position (~ US$93 million), no debt70% Institutionally heldSignificant exploration upside – open pit and at depthOne federal permit – all others issued by the State of SC - pending 4  
    • HAILE GOLD MINEMINING HISTORY CAROLINA SLATE BELT §  First Gold rush before California §  Carolinas led US Gold production untilKentucky West Virginia 1848 TSX : R §  Second US Mint in Charlotte, NCTennessee §  Original 49ers came from East Coast §  Significant gold production in 80s-90s WWW .R O MA R C O .C O M Russell Mine Hickory §  Mining part of local history/community Reed Mine Ironwood North Carolina §  500 active mines in South Carolina today Howie Mine Locust Haile Mine Brewer Mine Bayberry Buzzard Ridgeway Mine Dorn Mine Elm Magruder Mine Bante Mine Tathom Mine Columbia Mine South Carolina Georgia 5  
    • HAILE GOLD MINEHISTORY •  First discovery by Colonel Benjamin Haile TSX : R •  Beginning with placer mining “panning” in 1827 WWW .R O MA R C O .C O M •  Mining continued with trenching, underground and open pit methods through the early 1990s 6  
    • LOCAL COMMUNITYTOWN OF KERSHAW TSX : R WWW .R O MA R C O .C O M 7  
    • AERIAL OF HAILE8   WWW .R O MA R C O .C O M TSX : R
    • WETLANDS ATHAILE PROPERTY - wetlands TSX : R WWW .R O MA R C O .C O M Typical Palustrine Typical Palustrine Non-Relatively Emergent Wetland Forested Wetland (inundated) Permanent Waters (intermittent stream channel) Duckwood (location of Tailings Facility) 9  
    • HAILE GOLD MINE PERMITTING ALL BASELINE STUDIES REVEAL No threatened or endangered species TSX : R No historical sites WWW .R O MA R C O .C O M No fish or protected wildlife No impact on local water supplies No impact on recreation areas Property impacted by 200 years of mining 10  
    • PROVEN RECLAMATIONTECHNIQUES TSX : R WWW .R O MA R C O .C O M 11  
    • HGM PERMITTING TSX : R Federal – USACE* State – DHEC** •  404 Wetlands Permit only •  401 Water Quality Certification USACE is sole deciding •  Mining Permit WWW .R O MA R C O .C O M •  regulatory body •  Operating Permit •  All other agencies are •  Air Quality Permit cooperating or commenting agencies only – EPA, US Fish •  Others and Wildlife, etc. •  Schedule pending* US Army Corps of Engineers** South Carolina Department of Health and Environmental Control 12  
    • ENVIRONMENTAL IMPACTSTATEMENT PROCESS þ Contractor  (3rd  Party)  SelecFon  –  Sept.  2,  2011  (announced  Sept.  26,  2011) þ NoFce  of  Intent  Federal  Register  –  Sept.  23,  2011   TSX : R þ 30  day  noFce  period   þ Public  Scoping  MeeFng  –  Oct.  27,  2011   WWW .R O MA R C O .C O M þ Scoping  Comment  Period  Closed  –  Nov.  28,  2011  CURRENT STAGE PreparaFon  of  DraD  EIS   DraD  EIS  filed   45  day  Review  Period   Prepare  Final  EIS  and  Response  to  Comments   Final  EIS  includes  comments,  amendments  if  necessary   30  day  minimum  comment  period   13   Record  of  Decision  (ROD)  
    • CLEAR PLAN TO BRING HAILE INTO PRODUCTION •  Strong balance sheet with approximately $93M in cash and no debt(1) •  Well defined project schedules and clear development milestones TSX : R Project Schedule for EIS Haile Milestones and Status Report 2011 2012 2013 2014 Milestone / Activity Status WWW .R O MA R C O .C O M Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Complete feasibility study P State operating permit submitted PFeasibility Study 401/404 permit submitted POptimization Resource / reserve report P Expand Haile & Horseshoe PPermitting Identify new targets PConstruction Acquire other properties P Explore regional targets PProduction Update Resource PExploration Draft EIS 2012 14   (1) As disclosed in Q1 MD&A May 7, 2012
    • …… in the meantime….Preparing for Production People §  Operating team in place TSX : R WWW .R O MA R C O .C O M Construction §  Engineering work >40% complete §  Caterpillar trucks – warehoused in SC Equipment §  Mills, shovels, ancillary equipment ordered §  Continue studies on underground system Exploration §  85,000 meters of drilling in 2012 15  
    • STRONG BOARD, MANAGEMENT & TECHNICAL TEAM Proven gold mine development, finance, permitting and operations experience Romarco has the team in place to bring Haile into production TSX : R Experienced Board of Directors Strong Management & Technical TeamLeendert Krol, acting Chairman Diane R. Garrett, Ph.D., President & CEO§  Former Newmont §  Former Dayton Mining, US Global Investors James R. Arnold, Sr. VP, COODiane R. Garrett §  Former Freeport, Gold Fields – Richards Award Winner WWW .R O MA R C O .C O M§  Former Dayton Mining, US Global Investors Stan Rideout, Sr. VP, CFOJames R. Arnold §  Former Phelps Dodge§  Former Freeport, Gold Fields – Richards Award Winner David Thomas, VP, General ManagerDon MacDonald James Berry, Chief Geologist & Regional Exploration Manager§  CFO KGHM International (formerly QuadraFNX), former §  Former Barrick NovaGold, DeBeers, Dayton Mining Brent Anderson, Mine ManagerJohn Marsden §  Former Quadra, Freeport§  Consultant, former Freeport – Richards Award Winner Mike Gleason, Construction ManagerPatrick Michaels §  Former Freeport§  Portfolio Manager – Zuri-invest, Switzerland Jim Wickens, Process Manager §  Former BarrickGary A. Sugar§  Former RBC Capital Markets Johnny Pappas, Director of Environmental Affairs §  Former FreeportRobert van Doorn§  Former Mundoro, Rio Narcea, Morgan Stanley Ramona Schneider, Environmental Manager §  Former Kinross Dan Symons, Vice President, Investor Relations §  Former Renmark Financial 16  
    • DETAILED ENGINEERING EP  CompleFon  Graph   100%   TSX : R 80%   60%   WWW .R O MA R C O .C O M 40%   20%   0%   Start   7/1/11   12/30/11   6/29/12   12/28/12   6/28/13   12/27/13   Planned     Fee  at  Risk  Milestones   Earned  Hours   Burned  Hours   •  44% complete at March 31, 2012 •  Targeting 75% complete by end of 2012 17  
    • HAILE EQUIPMENT •  Equipment is being warehoused in South Carolina TSX : R •  Pricing is locked in ($32mm) WWW .R O MA R C O .C O M Mills and shovels have been ordered with fixed pricing ($11mm) Equipment balance ($55mm) – purchase orders in process – price substantially negotiated 18  
    • RESOURCE GROWTHAt year end 2011 2011PLAN VIEW TSX : R WWW .R O MA R C O .C O M CHAMPION SMALL SOUTH PIT LEDBETTER SNAKEHAILELONGSECTION MUSTANG HORSESHOE 2010 GOLD MINERALIZATION 19   2011 GOLD MINERALIZATION GROWTH PALOMINO
    • RESOURCE GROWTHAt year end 2011 2011PLAN VIEW 3.5 KM LEDBETTER TSX : R MUSTANG CHAMPION HORSESHOE WWW .R O MA R C O .C O M SMALL SNAKE SOUTH PIT PALOMINO CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE HAILELONGSECTION MUSTANG HORSESHOE US$950 RESERVE PIT LIMITS 20   PALOMINO
    • RESOURCE GROWTH At year end 2011 2011PLAN VIEW LEDBETTER TSX : R MUSTANG CHAMPION HORSESHOE WWW .R O MA R C O .C O M SMALL SNAKE SOUTH PIT PALOMINO CHAMPION SMALL SOUTH PIT LEDBETTER SNAKEHAILELONGSECTION MUSTANG US$950 RESERVE PIT LIMITS HORSESHOE US$1200 RESOURCE SHELL 21   PALOMINO
    • RESOURCE GROWTH 85,000 meters ofAt year end 2011 drilling in 2012 LEDBETTER TSX : R MUSTANG CHAMPION HORSESHOE WWW .R O MA R C O .C O M SMALL SNAKE SOUTH PIT PALOMINO CHAMPION SMALL SOUTH PIT LEDBETTER SNAKEHAILE LONG SECTION US$950 RESERVE PIT LIMITS HORSESHOE MUSTANG US$1200 RESOURCE SHELL DISCOVERY HOLE RC-1816 22   RCT-129 RC-1724 2012 EXPLORATION TARGETS 77.7m of 8.0 g/t Au PALOMINO 70.1m @ 5.5 g/t Au 62.5m @9.6 g/t Au
    • RESOURCES & RESERVES OPEN PIT & UNDERGROUND 2011 MEASURED + INDICATED RESOURCES AT US$1,200 GOLD (1) METRIC TONNES g/t CONTAINED oz TSX : R (000s) Au (000s) MEASURED 36,894 1.79 2,125 INDICATED 34,277 1.74 1,914 WWW .R O MA R C O .C O M MEASURED + INDICATED 71,171 1.77 4,039 INFERRED 20,125 1.24 801 2010 RESERVES AT US$950 GOLD (1) METRIC TONNES g/t CONTAINED oz (000s) Au (000s) PROVEN RESERVE 19,592 2.19 1,382 PROBABLE RESERVE 10,917 1.82 636 PROVEN & PROBABLE 30,509 2.06 2,018 RESERVE (1)  From March 13, 2012 Technical Report filed on www.sedar.com on March 19, 2012 23  
    • INTRODUCTION TO THE HAILE GOLD MINE PROJECT FEBRUARY 2011 §  Feasibility completed TSX : R WWW .R O MA R C O .C O M $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 $17 million for inflation)(2) As per February 2011 Feasibility Study results included in March 13, 2012 Technical Report filed on March 19, 2012 on sedar.com 24  (3) Includes silver byproduct credit
    • LOW CAPITAL COST Development Capex per ounce of Measured & Indicated Resources (inclusive) (US$/oz Au Eq.)(1) $156 TSX : R $83 Average: $85 $81 $78 WWW .R O MA R C O .C O M $70 $66 $63 Torex Rainy River Extorre International Tower Guyana Goldfields Romarco Victoria Gold Hill 25  Source: BMO Capital Markets, as at April 30, 2012(1) Includes precious metals only calculated at long term consensus prices of Au US$1,200/oz and Ag of US$21.35/oz
    • LOW CAPITAL COST Unfunded Development Capex(1) for Primary Open Pit Asset (US$mm) Financing Risk – Unfunded Development Capex as % of Current Market Capitalization 517% 148% 76% 194% 440% 65% 42% TSX : R $1,704 $632 $632 Average: $629 $582 WWW .R O MA R C O .C O M $511 $434 $283 $256 International Tower Rainy River Torex Guyana Goldfields Victoria Gold Extorre Romarco Hill 26  Source: BMO Capital Markets, as at April 30, 2012(1) Development capex plus US$25mm per annum until production start, less current cash balance
    • HIGH GRADE FOR OPEN PIT TSX : R3.50! 3.17!3.00!2.50! 2.09! 2.06! WWW .R O MA R C O .C O M2.00! 1.46!1.50! 1.03!1.00! 0.78! 0.73!0.50!0.00! Guyana Goldfields! NovaGold! ROMARCO! Gabriel Resources! Detour Gold! Victoria Gold! Andina! Reserve Grade for Primary Open Pit Asset (g/t Au) (1) 27   (1) Source: Company Disclosure at March 31, 2012
    • LOW CASH COST TSX : R $700! $617! LOWEST QUARTILE AVERAGE CASH $600! COST IN Q4 2011 (1) WWW .R O MA R C O .C O M $500! $379! $428! $400! $300! $200! $100! $0! Industry Average (1) ROMARCO Lowest Quartile (1) LOM Average (2) 28  (1)  Source: Brook Hunt estimates(2)  As per February 2011 Feasibility Study results included in March 13, 2012 Technical Report filed on March 19, 2012 on sedar.com
    • NPV & IRR SENSITIVITYTO GOLD PRICE Pre-tax NPV and IRR Sensitivity to Gold Price (1) TSX : R ($ Millions, except gold price) Gold PAYBACK Price NPV @0% NPV @ 5% NPV @ 10% IRR % YEARS Per oz. WWW .R O MA R C O .C O M $1500 $1,426 $930 $621 47.0% 2.0 $1400 $1,259 $811 $534 42.3% 2.2 $1300 $1,092 $693 $447 37.6% 2.4 $1200 $925 $575 $359 32.7% 2.7 $1100 $758 $457 $272 27.6% 3.1 $1000 $591 $339 $185 22.3% 3.8 BASE CASE $950 $507 $279 $141 19.6% 4.2 $800 $257 $102 $10 10.7% 7.6 $700 $90 ($16) ($77) 4.0% 9.4 29  (1) As per February 2011 Feasibility Study included in March 13, 2012 Technical Report filed on March 19, 2012 on sedar.com - based on capital costs of $275 million not updated capital cost of $320million from December 31, 2011 MD&A
    • HAILE GOLD MINEFEASIBILITY STUDY HIGHLIGHTSu  Feasibility Study does not include deep TSX : R mineralization: WWW .R O MA R C O .C O M u  Horseshoe, Mustang, Palomino and Snake Deep depositsu  Opportunities for reducing strip ratio by removing saddles between pitsu  Opportunities to expand operation through open pit & underground – system remains open along strike and at depth 30  
    • HAILE GOLD MINEFEASIBILITY STUDY HIGHLIGHTSu  7,000 tpd throughputu  Designed for 14,000 tpd TSX : Ru  Recovery: 83.7 %u  Avg. annual Au production: 150k oz/yr initially WWW .R O MA R C O .C O Mu  Strip Ratio: 7.2:1 (LOM) REGRIND FLOTATION CRUSH GRIND FLOTATION CONCENTRATE •  12 – 16% max pull •  13 – 15 micron 31  
    • PROPOSED Ore Processing, Process Water Recycling &HAILE PROCESSING PLANT Water Treatment TSX : R WWW .R O MA R C O .C O M 32  
    • KERSHAW MINERAL LAB33   WWW .R O MA R C O .C O M TSX : R
    • LAB OPERATIONS34   WWW .R O MA R C O .C O M TSX : R
    • CAROLINA SLATE BELT Ironwood Hickory TSX : R WWW .R O MA R C O .C O M Haile 30  Miles   North 35  
    • NEW REGIONAL EXPLORATION TARGETS•  2 in North Carolina Kentucky   •  Hickory – currently drilling West  Virginia   TSX : R •  Historical production during 1800s •  Historical drilling consists of 11 core holes and 130 Tennessee   RC holes •  Completed 25 core hole phase one program •  HKDH-11-002 encountered 10.7m of 4.5 g/t WWW .R O MA R C O .C O M •  Currently drilling a 17 core hole follow-up program Hickory   Ironwood   Locust   North  Carolina   Haile  Mine   Bayberry   Buzzard   •  Ironwood – currently drilling Elm   •  The highest grade encountered in the trenching was 9.1 g/t •  Twelve shallow RC holes and two core holes have South  Carolina   been historically drilled •  Completed 11 core hole phase one program •  Completed 7 core hole follow-up program Georgia   •  Results pending 36  
    • NEW REGIONAL EXPLORATION TARGETS•  3 in South Carolina Kentucky   •  Bayberry – currently drilling West  Virginia   TSX : R •  Similar host rocks, alteration and mineralization as observed at Haile Tennessee   •  74 shallow rotary holes, 8 RC holes, and 8 core holes historically drilled on the property •  Romarco completed 15-hole phase one program WWW .R O MA R C O .C O M (RC and core) •  Currently drilling an 11-hole follow up program Hickory   Ironwood   (RC and core) •  RC-2033 encountered 13.7m of 2.3 g/t, including 4.6m of 5.5 g/t Locust   North  Carolina   Haile  Mine   •  Locust – drill ready Bayberry   Buzzard   •  Small historical oxide resource (pre 43-101) Elm   •  34 RC and 27 core holes have been drilled on the property •  Historical reported, highlighted intercepts include: South  Carolina   •  71.5 meters of 2.9 g/t •  5.1 meters of 1.5 g/t •  74.6 meters of 1.5 g/t Georgia   •  65.0 meters of 1.9 g/t •  Elm – drill ready •  Soil and rock chip sampling completed •  Rock chip sampling has yielded 8.6 g/t 37  
    • 70% Institutional Ownership BlackRock Sun Valley Gold TSX : R Franklin Templeton Investments TOP 15 SHAREHOLDERS Van Eck Oppenheimer Funds WWW .R O MA R C O .C O M Norges Bank Tocqueville Colonial First State US Global Investors Fidelity Investments OF OUR SHARES ARE Baker Steel Capital Managers INSTITUTIONALLY Ruffer OWNED TD URAM Investec 38  
    • ANALYST COVERAGE TSX : R TARGET PRICE Paradigm $2.75 WWW .R O MA R C O .C O M GMP $2.50 NBF $2.10 BMO $2.00 RBC $1.25 39  
    • CAPITAL STRUCTURE Capitalization Summary TSX : R Exchange/ Symbol TSX:R Share Price(1) C$1.01 WWW .R O MA R C O .C O M Shares Outstanding (Basic) 584.3M FD Shares Outstanding (TSM)(2) 589.2M Market Capitalization(1) C$590M 52 Week High / Low(1) C$2.15 / C$0.79 Cash Balance (May 7, 2012) US$93M(1) As at close on April 30, 2012 40  (2) Includes 4.9M “in-the-money” options at an average strike price of C$0.52 as of April 30, 2012
    • SUMMARYEmerging gold producer TSX : RSignificant exploration remains – open pit & undergroundOptimize the underground potential WWW .R O MA R C O .C O MCompleting engineering$93M cash – no debt70% Institutionally heldPermits pending – targeted by year end 2012Extremely undervalued in today’s Market vs. Peers 41  
    • 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