An Exciting Zinc Development OpportunityRathdowney Resources Ltd.
Corporate PresentationFebruary 2016
TSXV: RTH
February 2016 Page 2
Cautionary & Forward Looking InformationThis presentation includes certain statements that may be deemed "forward-looking statements". All information contained in this presentation relating to thecontents of the Preliminary Economic Assessment (PEA) of the Olza zinc-lead project (Project Olza) in Poland, including but not limited to statements of theProject Olza's potential and information are "forward looking statements". Although Rathdowney (RTH) believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments maydiffer materially from those in the forward-looking statements. Assumptions used by RTH to develop forward-looking statements include the following: ProjectOlza will obtain all required environmental and other permits and all land use and other licenses, studies and development of the Project Olza will continue to bepositive, and no geological or technical problems will occur. Additional information on assumptions for the PEA is available in the Technical Report.
The PEA was prepared to broadly quantify the project's capital and operating cost parameters and to provide guidance on the type and scale of future projectengineering and development work that will be needed to ultimately define the project's likelihood of feasibility and optimal production rate. The following arethe principal risk factors and uncertainties which, in management's opinion, are likely to most directly affect the conclusions of the PEA and the ultimatefeasibility of the project. The PEA is based on the inferred resources estimated by Hunter Dickinson Services Inc. (HDSI) and audited by SRK Consulting (UK)Ltd (SRK). Additional exploration, process tests and other engineering and geological work will be required to estimate indicated or measured mineral resourcesat Project Olza and if an economically exploitable reserve can be established. Final feasibility work has not been completed to confirm the underground design,mining methods, and processing methods assumed in the PEA. Final feasibility could determine that the assumed underground design, mining methods, andprocessing methods are not correct. Construction and operation of the mine and processing facilities depends on securing environmental and other permits on atimely basis. No permits have been applied for and there can be no assurance that required permits can be secured or secured on a timely basis. Data isincomplete and cost estimates have been developed in part based on the expertise of the individuals participating in the preparation of the PEA and on costs atprojects believed to be comparable, and not based on firm price quotes. Costs, including design, procurement, construction, and on-going operating costs andmetal recoveries could be materially different from those contained in the PEA. There can be no assurance that mining can be conducted at the rates and gradesassumed in the PEA. Energy risks include the potential for significant increases in the cost of fuel and electricity. The PEA assumes specified, long-term priceslevels for zinc and lead. Prices for these commodities are historically volatile, and RTH has no control of or influence on those prices, all of which aredetermined in international markets. Prices for zinc and lead have been below the price ranges assumed in PEA at times during the past ten years, and forextended periods of time. There can be no assurance that the prices of these commodities will continue at current levels or that they will not decline below theprices assumed in the PEA. The project will require major financing, probably a combination of debt and equity financing. Interest rates are at historically lowlevels. There can be no assurance that debt and/or equity financing will be available on acceptable terms. A significant increase in costs of capital couldmaterially and adversely affect the value and feasibility of constructing the project. Other general risks include continuity of mineralization, those ordinary tolarge construction projects including the general uncertainties inherent in engineering and construction cost, the need to comply with generally increasingenvironmental obligations, and accommodation of local and community concerns, potential environmental issues or liabilities associated with exploration,development and mining activities, exploitation and exploration successes, delays due to third party opposition, and changes in government policies regardingmining and natural resource exploration and exploitation. RTH is also subject to the specific risks inherent in the mining business, as well as general economicand business conditions. For more information on RTH, investors should review RTH’s filings that are available at www.sedar.com.
Technical information in this presentation has been reviewed and approved by David Copeland, PEng, a qualified person who is not independent of RTH.
February 2016 Page 3
Investment Highlights:
Rathdowney owns 100% of Project Olza in the Silesian MVT District, Poland
Exciting Zinc-Lead project with considerable resource expansion potential
Poland – stable jurisdiction – well-codified mining tradition
Robust project economics – PEA published December 2014
Experienced management team
An important new mine development in a tightening Zinc market
1 Source: www.tradingeconomics.com
Rathdowney StrengthsAn Exciting Zinc Development Opportunity
February 2016 Page 4
8th largest economy in the European Union (EU)
Industrial base – coal, textile, chemical, machinery, iron and steel sectors
Well established mining industry with a long history of operating mines
Mining the Silesian District since the 12th Century
Recent expansion into other sectors – fertilizers, petrochemicals, machine tools,
electrical machinery, electronics, cars and shipbuilding
Only country in the EU to avoid a recession through the 2008-2009 economic
downturn
38-million consumer market is one of the biggest in Europe
Current growth rate forecast at 3.3%Source: www.tradingeconomics.com
Rathdowney StrengthsPoland – A Great Place to Be
February 2016 Page 5
Rathdowney StrengthsPoland – A Great Place to Be (Continued)
Zn-Pb mining in Poland since the 12th century
Clear, concise and legislated process to obtain a mining extraction license
Highly skilled mining workforce in Poland
Keen interest for clean concentrate from off-take groups and smelters
February 2016 Page 6
100% ownership of three exploration concessions in the world’s most prolific Zinc-Lead district
Upper Silesia Mining District, area of world-class Mississippi Valley Type Zinc-Lead deposits1
Under-explored for 30 years prior to Rathdowney’s work
Rathdowney StrengthsGeologic Setting – An Ability to Deliver
1USGS Open-File Report 2009-1297.
US ET TS VT OLB CT PP UMV AI ME
Upper SilesiaEast TennesseeTri-StateViburnum TrendOld Lead BeltCentral TennesseePine PointUpper Mississippi ValleyAustinville-IvanhoeMetaline
MVT Districts
February 2016 Page 7
100% ownership of three exploration concessions in the world’s most prolific Zinc-Lead district
Resource – 24.4 MT at 5.53% Zn, 1.49% Pb – 7.02% Combined1
Project Olza has excellent potential for resource expansion
World class Pomorzany Mine (20 km south of Project Olza)
Initial resource 51 MT – operated 40 years – produced 90+ MT
Extensive drilling
1,600 core holes, 180,000 m by government de-risks geological understanding
270 core holes, 30,000 m by Rathdowney confirms government data
Exclusive well-established pathway to a mining extraction license
Experienced management and technical team – North America and Europe
Rathdowney StrengthsAn Ability to Deliver
1Estimate at 2% Zn cut-off audited and verified by independent QP - L. Roberts, MAusIMM(CP) of SRK for the Preliminary Economic Assessment.
February 2016 Page 8
Long Life Mines with Excellent
Operating Characteristics (e.g.
Pomorzany Mine, located 20 km
south of Project Olza has operated
for 40 years and produced 90+MT
Well-Developed Mining
Infrastructure
Extensive Project Database:
180,000 m historical drilling
indicating substantial undeveloped
zinc-lead deposits
Rathdowney StrengthsOlza Opportunity
Extensive undeveloped historical Zinc-Lead resources.
February 2016 Page 9
Rathdowney StrengthsProject Olza – Expandable Resource Base
Rathdowney drilling confirms exceptional upside in Project Olza resource potential
2014 Inferred Resource 24.4 Mt @ 7.02% Zn+Pb(2.0% Zn COG)1
2008 Historical Estimate Outline20 Mt @ 8.3% Zn+Pb
1990 Historical Estimate Zawiercie I & II Outline77 Mt @ 6.15% Zn+Pb
1990 Historical Estimate Zawiercie I & II,Rodaki-Rokitno &Marciszow Outline132 Mt @5.40% Zn+PbConcession Boundary
Rathdowney
Polish State Geological Institute (PSGI)2
Legend
1Estimate at 2% Zn cut-off audited and verified by independent QP - L. Roberts, MAusIMM(CP) of SRK for the Preliminary Economic Assessment.
2Historical estimate by the Polish State Geological Institute (PSGI) from PSGI 1992 report based on the Polish resource classification system, which is very similar to the Soviet classification system. A QP has not done sufficient work to classify the estimate as current mineral resources and the Company is not treating it as current.
February 2016 Page 10
Rathdowney Project Olza Inferred Mineral Resources1
CutoffZn%
Tonnes (millions)
Zn(%)
Pb(%)
Zn+Pb(%)
Contained Zn (millions lb)
Contained Pb(millions lb)
2.0 24.4 5.53 1.49 7.02 2,975 802
3.0 18.8 6.43 1.59 8.02 2,660 658
4.0 14.1 7.42 1.70 9.12 2,304 528
5.0 10.4 8.44 1.81 10.25 1,944 417
1Contained metal based on 100% recovery. David Gaunt, PGeo., Vice President Resource and Database for Hunter Dickinson Services Inc. (HDSI), a qualified person (QP) who is not independent of the Company is responsible for the estimate. The effective date of the estimate is July 2014. Estimate at 2% Zn cut-off audited and verified by independent QP - L. Roberts, MAusIMM(CP) of SRK for the Preliminary Economic Assessment.
Inferred mineral resource at 2% Zn cut-off 24.4 MT at 5.53% Zn, 1.49% Pb – 7.02% Combined Important Ag content yet to be quantified
Rathdowney Strengths43-101 Mineral Resource
February 2016 February 2016 | TSXV: RTH Page 11
Rathdowney StrengthsExcellent Infrastructure Optionality
Quality infrastructure – power, water, roads, rail lines and ports to target markets
Dramatic positive effect on CAPEX and OPEX
February 2016 Page 12
Rathdowney StrengthsEuropean Zinc Smelters at Project Olza’s Doorstep
Significant interest
from smelters for
Olza concentrate
Clean concentrate
characterized by
very low iron
Project timeline
coincides with
under supplied
smelters
February 2016 Page 13
Key Results1 (US dollars and metric units)
Robust returns and low production costs
$227M initial capital cost
$51M sustaining capital
$47.42/t on-site operating cost
Conventional 6,000 tpd bulk room & pillar mine with decline access
Standard SAG and ball mill processing
Conventional flotation
High recoveries
Two very clean, low iron, highly marketable concentrates
1 Notes on the PEA:• Based on median consensus metal prices: $1.00-1.10/lb for zinc; $0.95-1.00/lb for lead,• PEA study by international engineering specialists: SRK Consulting (UK) Ltd, Melis Engineering Ltd.• The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic
considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that the PEA will be realized.
Rathdowney StrengthsPreliminary Economic Assessment
February 2016 Page 14
Based on a 24.4 million tonne resource ANNUAL (Avg)1
Total Mineralized Material Mined 2,013,000 tTotal Mineralized Material Processed 2,013,000 tZinc Grade, Processed 4.98 %Lead Grade, Processed 1.50 %Average Recovery, Zinc 89.0 % Average Recovery, Lead 88.5 % Zinc Concentrate Produced 160,000 dmtLead Concentrate Produced 38,000 dmtZinc Concentrate Grade 56 %Lead Concentrate Grade 70 %Recovered Zinc 196,794,000 lbRecovered Lead 59,133,000 lb
1 Legend: t = tonnes (metric), % = percent, lb = pound
Rathdowney StrengthsPEA – Annual Production Summary
February 2016 Page 15
1All values in US dollars and metric units. Total On-Site includes mining, milling and infrastructure costs incurred to produce concentrate. Total Off-Site includes TC/RCs, transportation, handling and freight costs. Totals may not add due to rounding.
Refining & Smelting Cost1 ($/t)
TC / RC 22.01Freight 0.46
TOTAL OFF-SITE COSTS 22.47
Operating Cost1 ($/t)
Mining 26.88Milling 11.46Environmental/Tailings Storage Facility 5.15
Site General & Administration 3.93TOTAL ON-SITE COSTS 47.42
Total cost to produce metal1
$0.63/lb Znor
$69.88/tprocessed
Rathdowney StrengthsPEA – Projected Operating Costs
February 2016 Page 16
Capital Cost Initial ($M)
Sustaining($M)
Total LOM ($M)
Mining 82.3 36.6 118.9Processing 59.7 - 59.7Tailings Management & Water Treatment Facilities 33.1 14.5 47.6
Surface Facilities 15.7 - 15.7Contingency 23.1 - 23.1EPCM 13.1 - 13.1Sub-Total 227.0 51.1 278.1
Reclamation Security 6.8 4.5 11.3TOTAL CAPITAL COSTS 1 233.8 55.6 289.4
1All values in US dollars and metric units where M = Millions. Thirty percent contingency and fifteen percent EPCM applied to processing.
Rathdowney StrengthsPEA – Projected Capital Costs
Post-tax payback 2.4 years (8% discount rate)
February 2016 Page 17
Advancing Engineering and Environmental Studies to Support Mine Development
Engineering data collection progressing
Preliminary Economic Assessment returns positive results
Engineering drilling and additional deposit drilling ongoing – initial results confirm excellent
potential to increase resources (see recent news releases)
On-going discussions with smelter groups
Environmental data collection to support permitting well-advanced
Comprehensive stakeholder engagement
Rathdowney StrengthsDe-risking Project Advancement
February 2016 Page 18
Active engagement with all governments
Community outreach: Door to door visits Local events Open houses Community meetings Site visits Early meetings with local
officials Project Olza enjoys positive
relations with local communities
Rathdowney StrengthsProactive Stakeholder Engagement
February 2016 Page 19
2010 to
2015
MINE PLANNING & PERMITTING
Complete Project Description
Integrate modern mine plan with Land Use Plan
Complete EIA Report and Deposit Development Plan / Pre-Feasibility
Apply for and receive exploitation license
COMMENCE CONSTRUCTION
Completed
Projected
Projected
Rathdowney StrengthsMilestones – Completed & Projected
2015 to
2017
2018
ACQUISITION & PLANNING
RESOURCE EVALUATION
ENGINEERING & ENVIRONMENTAL DATA
GEOLOGICAL DOCUMENTATION & PEA
February 2016 Page 20
EnvironmentalPolitical Social Cost InfrastructureProject
Good rapport & working relationship with government, agencies
Structured, clear &transparent permitting process
Defined process for submitting mining license materials
Over 2,000 town hall meetings completed since 2010
Community offices & programs in place
Good rapport & dialogue with communities & officials
Well documented and defined EIA requirements
Experienced permitting team in place
Requisite studies & reporting underway
Experienced development team with strong project management, project finance & technical capabilities
Low CAPEX US$234M
Low OPEX On-site US$47.42/t Off-site US$22.47/t
High quality infrastructure in place – rail & ports
Existing water, roads, rail lines & power at sites
1 Source: BMO Capital Markets Equity Research January 2016.
Market
Mine closures tightening zinc supply
Zinc1 LT forecast price: US$1.00/lb
Rathdowney StrengthsSuccessfully Managing the Opportunity
February 2016 Page 21
Rathdowney StrengthsStrategically Positioned in a Tightening Zinc Market
Projected Zinc market deficit
Substantial mine closures and production cuts
Century (500,000 t)
Lisheen (175,000 tpy)
Glencore (500,000 t)
Upward trend in Zinc pricing1
2018 – US$1.04/lb, 2019 – US$1.00/lb, 2020 – US$1.01/lb
LT – US$1.00/lb
1 Source: BMO Capital Markets Equity Research January 2016.
February 2016 Page 22
David J. Copeland ChairmanDave Copeland is a professional engineer and mining executive with over 30 years' experience in advancing global mineral projects through feasibility, permitting, engineering design and initial development phases.
Andrew Ing Chief Financial Officer Andrew Ing is a finance-corporate development professional with more than 10 years of experience in project finance, risk management and corporate governance, and holds designations in Chartered Accountancy and Corporate Finance.
Robert Konski President & CEORobert Konski has over 25 years’ experience as an executive and strategic advisor to the management of public / private companies and the government in Poland. He holds an M.P.A. from the JFK School of Government at Harvard University
Trevor R. Thomas SecretaryTrevor Thomas is corporate secretary and has practiced in the areas of corporate commercial, corporate finance, securities and mining law since 1995, both in the private practice environment as well as in-house positions.
David Copeland, Robert Konski, Michael H. Nolan, Scott Cousens, Rene G. Carrier, Barry Coughlan, Lena Brommeland, George Ireland, Myron Manternach, Stephen Scott
Lena Brommeland General Manager, Poland Lena Brommeland has a degree in geology and more than 20 years’ experience managing major exploration and development around the world.
Barbara Chammas Manager, Community Relations & Environment, PolandBarbara Chammas has an advanced degree in Environmental Engineering, a certificate in Mid-Management and Business Administration and over 10 years’ experience in public consultation and water management in Poland.
Doug Nicholson Senior Project Development Manager, PolandDoug Nicholson is a mining engineering with more than 25 years of progressive experience in project management, mine development and mine operations.
SRK Consulting ConsultantAn independent, international consulting practice that provides focuses on advice and solutions to mining clients. SRK offers services through feasibility, mine planning, and production to mine closure.
TECHNICAL MANAGERS & CONSULTANTS
MANAGEMENT
DIRECTORS
Rathdowney StrengthsExecutive & Professional Team
February 2016 Page 23
Key Points:
Substantial economic resource
Proven mining jurisdiction
Structured permitting process with legislated timelines
Project opportunity delivered by experienced team
Importantly positioned in a tightening Zinc market
Significant project upside
Team is committed to delivering results
Rathdowney StrengthsInvestment Conclusions
February 2016 Page 24
Contact Information
Rathdowney Resources Ltd.
15th Floor1040 W. Georgia St.Vancouver, BCCanada V6E 4H1
Investor Relations
TF: 800.667.2114Ph: 1.604.684.6365Email: [email protected]
February 2016 Page 25
Appendices
February 2016 Page 26
Share Capital
Listed March 2011 on TSX:V ticker RTH C$34 million initial public offering 118.08 million common shares outstanding 4.58 million options outstanding 1.97 million warrants
February 2016 Page 27
Preliminary Economic Assessment (PEA)
Qualified Person Company Professional Designation Sections of the Report
Christopher Bray BEng, MAusIMM(CP)Project Management and
Mining
Dr Lucy RobertsBSc (Hons), MSc, PhD, MAusIMM
(CP)Mineral Resource
Dr Christopher Bonson PhD EurGeol, P.Geo Geology, Sampling and QAQC
Kris Czajewski P.Eng, APEGBC Tailings
Dr Houcyne El Idrysy MSc, CGeol FGS Water Management
Lawrence Melis P.EngMetallurgy and Mineral
Processing
Qualified Persons
February 2016 Page 28
PEA Conceptual UG Mine Layout & Stope Access
February 2016 Page 29
PEA Metallurgy & Process Design Standard flotation results in marketable zinc and lead concentrates, recoveries of 89% LOM zinc recovery producing 56% zinc concentrate 88.5% LOM lead recovery producing 70% lead concentrate
February 2016 Page 30
Expandable Resource Base
February 2016 Page 31
Rathdowney Drilling 2015 – Highlights
Highlights include:
Hole OLZ-241: 3.3 m of 16.0% Zn+Pb incl 1.3 m of 36.9% Zn+Pb
Hole OLZ-232: 8.5 m of 4.77% Zn+Pb, 12.8 g/t Ag incl2.1 m of 17.9% Zn+Pb, 36.8 g/t Ag
Hole OLZ-229: 3.9 m of 4.7% Zn+Pb, 20 g/t Ag
Results from new drilling is adding key engineering data and confirming potential to increase resources
February 2016 Page 32
Rathdowney Drilling 2015 – Highlights Drill Hole Number
From (m) To (m) Length (m) Zn+Pb* (%) Zn (%) Pb (%) Ag (g/t)
OLZ-226
99.00 99.50 0.50 1.32 0.61 0.71 3.4102.70 106.30 3.60 1.76 0.95 0.81 2.4
incl 102.70 104.00 1.30 2.71 1.12 1.59 4.0
OLZ-22897.90 103.90 6.00 2.77 2.56 0.21 9.0
incl 97.90 100.30 2.40 3.94 3.71 0.23 11.9
OLZ-229
102.30 106.20 3.90 4.70 4.54 0.16 20.0incl 102.30 104.90 2.60 5.49 5.25 0.24 25.8
114.80 116.30 1.50 2.81 2.80 0.01 18.4OLZ-230 108.60 111.50 2.90 2.80 1.78 1.02 **OLZ-231 111.35 113.90 2.55 2.19 2.04 0.15 13.5
OLZ-232
122.00 130.50 8.50 4.77 4.53 0.24 12.8incl 128.40 130.50 2.10 17.89 16.98 0.92 36.8and 128.40 129.80 1.40 25.47 24.12 1.35 49.7
OLZ-235 123.10 124.00 0.90 2.91 2.79 0.12 10.2
OLZ-23790.10 97.00 6.90 0.67 0.65 0.02 4.1
incl 94.20 95.40 1.20 2.40 2.37 0.03 12.1OLZ-238 98.80 101.90 3.10 1.21 1.17 0.04 8.3OLZ-240 102.50 104.60 2.10 4.56 4.46 0.10 16.1
OLZ-241103.35 106.60 3.25 16.00 15.91 0.08 **
incl 103.35 104.60 1.25 36.85 36.68 0.16 **All diamond core holes were drilled vertically through the sub-horizontal mineralized horizons so intersections represent approximate true widths. No significant results in holes 227, 233, 234, 236 and 239. *Figures may not add due to rounding. ** Ag results pending.Sample preparation for the current drilling program is performed at the Bureau Veritas (BV) laboratory in Krakow, Poland. Core samples areweighed, dried and crushed to >70% passing 10 mesh (2 mm), then 500 g sub-samples are riffle split and pulverized to >85% passing 200 mesh(75 µm). Samples are shipped by air freight to the Vancouver laboratory of Bureau Veritas Commodities Canada Ltd., an ISO 9001 accreditedlaboratory, for analysis. All samples are assayed for Pb, Zn, Ag and 38 additional elements by 4 acid (HF-HNO3-HClO4, HCl) digestion of an0.5 g sample with an ICP-AES/ICP-MS (inductively coupled atomic emission spectrometry/mass spectrometry) finish (BV Code: MA270).Samples with Zn values >40% or Pb values >10%, the upper limits for the MA270 method, are re-analyzed by BV method MA371; 4 aciddigestion of 0.1 g sample with ICP-AES/ICP-MS finish. As part of a comprehensive QAQC program, one standard and one replicate areinserted into the sample stream in each group of 20 samples, as well as one or more blanks in each analytical batch.
February 2016 Page 33
Historical Estimates for Zawiercie PropertyZawiercie Historical Estimates by PGI
DepositYear of
Estimate
Number of
Holes
Metres
Drilled
Period of
DrillingCategory Mt % Zn % Pb
Zawiercie I
2008
510 UnknownMost
pre-1975
C-1 + C-2 17.0 5.80 2.32
1994 C-1 16.3 6.00 2.50
1990 C-1 34.5 4.92 1.98
1977 C-1 24.7 4.27 1.58
1975 C-2 34.5 4.92 1.98
Zawiercie II
2008
240 UnknownMost
pre-1975
C-2 2.9 6.98 2.48
1992 C-2 35.5 2.07 2.05
1990 C-2 42.6 2.56 2.99
1975 C-2/D 21.0 2.26 2.96
Source: PEA Technical Report
(See slide 22 for reference)
The past drilling programs and the various historical estimates summarized above undertaken by the Polish Geological Institute summarized above confirm the presence of extensive zinc-lead mineralization within the area of the Zawiercie Concession. The considerable variation in these estimates reflects the different parameters applied. A qualified person has not completed work to classify these historical estimates as current mineral resources or mineral reserves and Rathdowney is not treating them as current mineral resources or mineral reserves.
References:
1990 Estimates: S. Przenioslo, B. Bak, B. Radwanek-Bak, T.Smakowski - "Analiza gospodarki rudami cynku i olowiu w Polsce (wg. stanu na koniec 1990 roku)", Panstwowy Instytut Geologiczny, Warszawa 1992.
2008 Estimates:
ZAWIERCIE I: (2008) Przenioslo S. et al. - Dodatek nr 1 do dokumentacji geologicznej złoża rud cynku i ołowiu "Zawiercie I" w kat.C1+C2 w miejsc. Zawiercie (Dokumentacja Zloza), Panstwowy Instytut Geologiczny, Warszawa, 6006/2008.
ZAWIERCIE II: (2008) Przenioslo S. et al. - Dodatek nr 4 do dokumentacji geologicznej złoża rud cynku i ołowiu "Zawiercie" obszar "Zawiercie II" w kat.C1+C2 w miejsc. Ciągowice, Poręba, Rokitno Szlacheckie. (Dokumentacja Zloza), Panstwowy Instytut Geologiczny, Warszawa, 6004/2008.
February 2016 Page 34
Environmental Data CollectionDesigned to advance mine planning and permitting
Extensive hydrology & hydrogeology studies (600 km2 area)
Comprehensive flora and fauna data collection (250 km2 area)
Land use assessments complete
Engineering, drilling and mine planning studies to support Feasibility Study
February 2016 Page 35
STEP 1
STEP 2
STEP 3
STEP 4
STEP 5
• Prepare / submission / approval of geological documentation
• Changing spatial plan and local land use plan
• Preparation / submission / approval of EIA
• Preparation / submission / approval of deposit development plan
• Submission of license application
Grant of Mining
ExploitationLicense1
1 Subject to establishment of mining usufruct and rehabilitation fund
Completed
Rathdowney StrengthsPathway to an Exploitation License
Ongoing
Projected 2018
February 2016 Page 36
Geological Documentation 13 volumes of current and historical geological data (COMPLETED)
Land Planning Changes Discussions with local authorities; changes occur concurrently with EIA – completion mid 2017
Environmental Impact Assessment (EIA) Baseline data collection – 18 months ongoing since 2014 Project Description developed – complete in 2nd half 2016 EIA report under development – submission in 1st half 2017
Deposit Development Plan (PZZ) Engineering data collection and studies underway – submission 1st half 2017
Exploitation License Application Once EIA is completed – submission 2nd half of 2017
Development Permits Once EIA complete, exploitation tenure acquired, construction commences – submission 1st half of 2018
9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12
Geological Documentation
Local Planning Changes
Environmental Impact Assessment (EIA)
Deposit Development Plan (PZZ)
Exploitation Permit Application
Development Permits /Construction Commences
2017PROJECTED TIMELINE
2013 2014 2015 2016
Rathdowney StrengthsProject Timeline
February 2016 Notes