www.rubiconminerals.com
Rubicon Minerals Corporation is an advanced stage gold development company, focused on responsible and environmentally sustainable development of its Phoenix Gold Project in Red Lake, Ontario towards projected gold production in 2014. Rubicon is well-funded and its flagship Phoenix Gold Project is fully permitted for production. In addition, Rubicon controls over 100 square miles of prime exploration ground in the prolific Red Lake gold district which hosts Goldcorp's high-grade, world class Red Lake Mine. Rubicon’s shares are listed on the NYSE.MKT (RBY) and the TSX (RMX) Exchanges. Rubicon’s shares are included in the S&P/TSX Composite Index.
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Company Statement:
Overview
Rubicon Minerals Corporation is an advanced stage gold development company, focused on responsible and environmentally sustainable development of its Phoenix Gold Project in Red Lake, Ontario towards projected gold production in 2014. Rubicon is well-funded and its flagship Phoenix Gold Project is fully permitted for production. In addition, Rubicon controls over 100 square miles of prime exploration ground in the prolific Red Lake gold district which hosts Goldcorp's high-grade, world class Red Lake Mine. Rubicon’s shares are listed on the NYSE.MKT (RBY) and the TSX (RMX) Exchanges. Rubicon’s shares are included in the S&P/TSX Composite Index.
Current Operations:
Phoenix Gold Project
High-Grade Deposit
- High-grade resource 0.5MMoz @ 14.5 g/t Indicated, 2.3MM oz @ 17 g/t Inferred
- Intersections at depth, delow the 1200m elevation are in the order of 32 g/t gold
- In the 95th percentile of high-grade deposits**... higher grade than most of our peers
**Source: Natural Resource Holdings, Global Gold Mining and Deposits 2012 Ranking (over 1 MM oz.)
Positive Preliminary Economics
- PEA 48% IRR @ $1500/oz/gold
- Initial capex $214 million
- Low opex $519/oz
- Sustaining capital $126 million
- Estimated $400 million tax pool loss on start up
Project Optimization
- 100,000 metres of additional drill data collected over the past 12 months
- Introduction of more productive/lower cost longhole mining method
- Introduction of more productive mechanized equipment
- Improvement of development and infrastructure layout for more efficient material handling (ramp and haulage system)
- Evaluating increased throughput in order to optimize ounces produced
- Extension of shaft deeper than 610m elevation would allow access to more mining areas and delay requirement to set up for a second phase of sinking
- Develop deep exploration platform to follow up on higher grade intercepts at depth
Low Risk
- Safe jurisdication in Red Lake, Ontario, Canada
- Tax environment in Ontario (29.7%) is the most favourable in Canada
- Gold relations with Lac Seul First Nation and good history of consultation with other Aboriginal communities
- Fully permitted to production
- Substantial infrastructure, including grid power
- Project well funded for existing PEA
- Experienced management team
- Project well advanced
- $201 million financing completed
- By end of December, 2012, approximately $85 million of capex will have been incurred
Date of Issue: March, 2013
Management
Officers and Directors
Michael Anthony Lalonde, President and Chief Operating Officer, Director
Dan Labine, Vice President-Operations
Matthew C. Wunder, Vice President-Exploration
Glenn Kumoi, Vice President, General Counsel & Corporate Secretary
Robert G. Lewis, Chief Financial Officer
David W. Adamson, Chairman
David R. Reid, Director
Bruce A. Thomas, Director
Chris Bradbrook, Lead Director
Julian Kemp, Director
Michael Winship, Director
Peter Rowlandson, Director
_____________________________________________________________________________________________________________
Investor Relations Contact:
Allan Candelario, CFA
Director of Investor Relations
Toll free: 1.866.365.4706 (in North America)
Telephone: 604.623.333
Major Shareholders
Capital Structure
Below is a summary of the capital structure consisting of common shares and stock options.
February 25, 2013 (unless otherwise stated)
| Capital Structure | |
|---|---|
| Issued and Outstanding Shares |
288 MM |
| Fully Diluted |
301 MM |
| 52-Week High-Low at February 25, 2013 |
C$3.75 - 2.14 |
| Market Cap. at February 25, 2013 |
US$681.6 MM |
| TSX Trading Symbol | RMX |
| NYSE.AMEX Trading Symbol | RBY |
| Working Capital at December 31, 2012 |
C$ 157 MM |
| Fully Diluted Working Capital at September 30, 2012 |
C$ 196 MM |
| Corporate Debt | nil |
Contact Information
Address:
1540 - 800 West Pender Street
Vancouver, BC
Canada V6C 2V6
Telephone: 604.623.3333
Toll Free: 1.866.365.4706 (In North America)
Corporate Information
| Legal Counsel: Davis LLP | |
|---|---|
| Address: | 2800 - 666 Burrard Street Vancouver, BC Canada V6C 2Z7 |
| Transfer Agent: Computershare Investor Services Inc. | |
| Address: | 3rd Floor, 510 Burrard Street Vancouver, BC Canada V6C 3B9 |
| Telephone: | 604.661.9400 |
| Auditors: PricewaterhouseCoopers LLP | |
| Address: |
PricewaterhouseCoopers LLP |
Date of Issue: April, 2012
