2. 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 : R
Haile
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
3. Why own ROMARCO?
Near term, low cost gold producer with strong project economics
TSX : R
Located in a mining friendly jurisdiction with excellent infrastructure
Private land – No royalties
WWW .R O MA R C O .C O M
Significant exploration upside – open pit & underground
Solid cash position (~ US$115 million), no debt – as of December 31, 2011
70% Institutionally held
Permits pending – targeted by year end 2012
Extremely undervalued in today’s Market vs. Peers
3
4. HAILE GOLD MINE
MINING HISTORY
CAROLINA SLATE BELT § First Gold rush before California
§ Carolinas led US Gold production until
Kentucky West Virginia 1848
TSX : R
§ Second US Mint in Charlotte, NC
Tennessee
§ Original 49’ers came from East Coast
§ Significant gold production in 80’s-90’s
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
4
6. 2011 HIGHLIGHTS
u Completed Feasibility Study u Acquired 5 regional targets,
• Economically robust drilled 3
TSX : R
• Low cost gold producer (< $380/oz) u Romarco added to following indices:
• Low capital cost gold mine (< US $330mm) • Morgan Stanley Small Cap Index
• High grade open pit mine (2.06 g/t) • S&P / TSX Composite Index
WWW .R O MA R C O .C O M
u Filed for all State & Federal permits • S&P / TSX Global Gold Index
u Completed 190,000 meters drill program • S&P / TSX Gold Mining Index
• Discovered 2 mineralized zones • Dow Jones Junior Precious Metals Index
- Mustang & Palomino u Completed C$92 million bought-deal
u Ordered long lead-time equipment financing October 2012
u Permitted & built assay lab on time &
under budget
• Successfully passed 2 of 3 requirements for
accreditation
• Final test to achieve accreditation
expected in 2012
6
7. 2012 OBJECTIVES
NEW RESOURCE – Q1 2012
þ
TSX : R
FILE UPDATED NI 43-101 Technical Report þ
WWW .R O MA R C O .C O M
COMPLETE 75% OF DETAILED ENGINEERING
AGGRESSIVE DRILL PROGRAM -
85,000 METERS
ADVANCE PERMITS
targeting approvals by year-end
7
8. 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
$379/oz (2)(3)
($347/oz first 5 years)
§ One of lowest operating cost projects in industry
§ One of highest grade open-pit projects in
2.06 g/t (2)
industry
(1) Capital cost estimate from December 31, 2011 MD&A
(2) As per February 2011 Feasibility Study results included in March 13, 2012 Technical Report filed on March 19, 2012 on sedar.com 8
(3) Includes silver byproduct credit
9. LOW CAPITAL COST
Development Capex per ounce of Measured & Indicated Resources (inclusive) (US$/oz Au Eq.)(1)
$156
TSX : R
$82 Average: $85
$80
$78
WWW .R O MA R C O .C O M
$70 $69
$61
Torex Rainy River Extorre International Tower Guyana Goldfields Romarco Victoria Gold
Hill
9
Source: BMO Capital Markets, as at March 9, 2012
(1) Includes precious metals only calculated at long term consensus prices of Au US$1,200/oz and Ag of US$20/oz
10. LOW CAPITAL COST
Unfunded Development Capex(1) for Primary Open Pit Asset (US$mm)
Financing Risk – Unfunded Development Capex as % of Current Market Capitalization
415% 103% 57% 120% 296% 41% 16%
TSX : R
$616
$1,680
$616
Average: $599
WWW .R O MA R C O .C O M
$560
$534
$428
$238
$135
International Tower Rainy River Torex Guyana Goldfields Victoria Gold Romarco Extorre
Hill
10
Source: BMO Capital Markets, as at March 9, 2012
(1) Development capex plus US$25mm per annum until production start, less current cash balance
11. 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!
$0!
Industry Average (1) ROMARCO Lowest Quartile (1)
LOM Average (2)
11
(1) Source: Brook Hunt estimates
(2) As per February 2011 Feasibility Study results included in March 13, 2012 Technical Report filed on March 19, 2012 on sedar.com
12. HIGH GRADE FOR OPEN PIT
TSX : R
3.50! 3.17!
3.00!
2.50!
2.09! 2.06!
WWW .R O MA R C O .C O M
2.00!
1.46!
1.50!
1.03!
1.00! 0.78! 0.73!
0.50!
0.00!
Guyana Goldfields! NovaGold! ROMARCO! Gabriel Resources! Detour Gold! Victoria Gold! Andina!
Reserve Grade for Primary Open Pit Asset (g/t Au) (1)
12
(1) Source: Company Disclosure
13. HAILE GOLD MINE
FEASIBILITY STUDY HIGHLIGHTS
TSX : R
u 7,000 tpd throughput
u Designed for 14,000 tpd
WWW .R O MA R C O .C O M
u CRUSH > GRIND > FLOTATION
u Recovery: 83.7 %
u Avg. annual production: 150k oz/yr
u Strip Ratio: 7.2:1 (LOM)
13
14. HAILE GOLD MINE
FEASIBILITY STUDY HIGHLIGHTS
u Feasibility Study does not include
TSX : R
Horseshoe, Mustang, Palomino and Snake
WWW .R O MA R C O .C O M
Deep deposits
u Opportunities for reducing strip ratio by
removing saddles between pits
u Opportunities to expand operation through
open pit & underground
14
15. NPV & IRR SENSITIVITY
TO GOLD PRICE
Pre-tax NPV and IRR Sensitivity to Gold Price (1)
TSX : R
($ 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
15
(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 $320
million from December 31, 2011 MD&A
16. RESOURCES & RESERVES
OPEN PIT & UNDERGROUND
2011 MEASURED + INDICATED RESOURCES AT US$1200 GOLD (1)
METRIC TONNES g/t CONTAINED oz
TSX : R
(000’S) Au (000’s)
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
(000’S) Au (000’s)
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
16
18. PROPOSED Chemical Storage &
Ore Processing
HAILE PROCESSING PLANT
TSX : R
WWW .R O MA R C O .C O M
18
19. PROPOSED Ore Processing,
Process Water Recycling &
HAILE PROCESSING PLANT NPDES Water Treatment
TSX : R
WWW .R O MA R C O .C O M
19
20. RESOURCE GROWTH
At year end 2011 2011
PLAN VIEW
TSX : R
WWW .R O MA R C O .C O M
CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE
HAILE
LONG
SECTION
MUSTANG
HORSESHOE
2010 GOLD MINERALIZATION
20
2011 GOLD MINERALIZATION GROWTH PALOMINO
21. RESOURCE GROWTH
At year end 2011 2011
PLAN 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
HAILE
LONG
SECTION
MUSTANG
HORSESHOE
US$950 RESERVE PIT LIMITS 21
PALOMINO
22. RESOURCE GROWTH
At year end 2011
2011
PLAN 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 SNAKE
HAILE
LONG
SECTION
MUSTANG
US$950 RESERVE PIT LIMITS HORSESHOE
US$1200 RESOURCE SHELL 22
PALOMINO
23. UNDERGROUND STOPES BELOW
US$1200 RESOURCE SHELL
LONG SECTION
TSX : R
MUSTANG
WWW .R O MA R C O .C O M
PALOMINO SNAKE HORSESHOE
CLOSEUP
PALOMINO
HORSESHOE
2011 UNDERGROUND STOPES SNAKE
AT US$1200 GOLD 23
24. 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.
* US Army Corps of Engineers
** South Carolina Department of Health and Environmental Control
24
25. 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
No impact on traffic patterns
25
26. WETLANDS AT
HAILE PROPERTY
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)
26
27. ENVIRONMENTAL IMPACT
STATEMENT 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
Closes
–
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
27
Record
of
Decision
(ROD)
28. HAILE EQUIPMENT
• Equipment is being warehoused
in South Carolina
TSX : R
• Pricing is locked in
WWW .R O MA R C O .C O M
28
29. CLEAR PLAN TO BRING
HAILE INTO PRODUCTION
• Strong balance sheet with approximately $115M 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
29
(1) As at December 31, 2011
30. CAPEX CREEP ? –
INDUSTRY VS. ROMARCO
TSX : R
INDUSTRY
According to Engineering News-Record December 2011, the
WWW .R O MA R C O .C O M
prior year construction cost increases by major category were:
§ LABOUR + 1.9%
§ CONCRETE + 5.0%
§ REBAR + 10.5%
§ PLATE STEEL + 5.8%
§ STEEL SHAPES (avg) + 7.4%
30
31. CAPEX CREEP ? –
INDUSTRY VS. ROMARCO
ROMARCO
TSX : R
Locked in pricing on mobile fleet, mills, shovels, EPCM
contract (~ $80 million)
Exposure to cost increases - diesel construction contract
WWW .R O MA R C O .C O M
Based on HGM’s exposure, assuming an overall inflation of 5% per
year, the project could increase by ~$11 million during 2012 and
~$4 million in 2013 (~$15 million combined)
The current project estimate of $320 million includes ~$30
million in contingency:
§ PROJECT CONTINGENCY $28 million
§ OWNERS COST CONTINGENCY 2 million
31
32. 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
Fidelity Investments 32
33. 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 $1.50
33
34. P/NAV vs PEER GROUP
0.8x 0.8x
0.7x
TSX : R
0.7x
Average: 0.6x
0.6x
WWW .R O MA R C O .C O M
0.5x
0.4x
International Tower Extorre Torex Rainy River Guyana Goldfields Victoria Gold Romarco
Hill
34
Source: BMO Capital Markets, as at March 9, 2012
35. EV/RESOURCE
$331 $216
TSX : R
Average: $112
WWW .R O MA R C O .C O M
$97
$54 $53
$17 $16
Extorre Torex Romarco Rainy River Guyana Goldfields Victoria Gold International Tower
Hill
35
Source: BMO Capital Markets, as at March 9, 2012
36. CAPITAL STRUCTURE
Capitalization Summary
TSX : R
Exchange/ Symbol TSX:R
Share Price(1) C$0.98
WWW .R O MA R C O .C O M
Shares Outstanding (Basic) 584.3M
FD Shares Outstanding (TSM)(2) 588.4M
Market Capitalization(1) C$573M
52 Week High / Low(1) C$2.41 / C$0.87
Cash Balance (December 31, 2011) US$115M
(1) As at close on March 23, 2012 36
(2) Includes 4.4M “in-the-money” options at an average strike price of C$0.48 as of March 23, 2012
37. 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
37
38. 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
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39. 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 Team
Leendert Krol, acting Chairman Diane R. Garrett, Ph.D., President CEO
§ Former Newmont § Former Dayton Mining, US Global Investors
James R. Arnold, Sr. VP, COO
Diane R. Garrett § Former Freeport, Gold Fields – Richards Award Winner
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§ Former Dayton Mining, US Global Investors
Stan Rideout, Sr. VP, CFO
James R. Arnold § Former Phelps Dodge
§ Former Freeport, Gold Fields – Richards Award Winner
David Thomas, VP, General Manager
Don MacDonald James Berry, Chief Geologist Regional Exploration Manager
§ CFO KGHM International (formerly QuadraFNX), former § Former Barrick
NovaGold, DeBeers, Dayton Mining
Brent Anderson, Mine Manager
John Marsden § Former Quadra, Freeport
§ Consultant, former Freeport – Richards Award Winner
Mike Gleason, Construction Manager
Patrick Michaels § Former Freeport
§ Portfolio Manager – Zuri-invest, Switzerland Jim Wickens, Process Manager
§ Former Barrick
Gary A. Sugar
§ Former RBC Capital Markets Johnny Pappas, Director of Environmental Affairs
§ Former Freeport
Robert van Doorn
§ Former Mundoro, Rio Narcea, Morgan Stanley Ramona Schneider, Environmental Manager
§ Former Kinross
Dan Symons, Vice President, Investor Relations
§ Former Renmark Financial 39
40. SUMMARY
Near term, low cost gold producer with strong project economics
TSX : R
Located in a mining friendly jurisdiction with excellent infrastructure
Private land – No royalties
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Significant exploration upside – open pit underground
Solid cash position (~ US$115 million), no debt – as of December 31, 2011
70% Institutionally held
Permits pending – targeted by year end 2012
Extremely undervalued in today’s Market vs. Peers
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41. CONTACT INFORMATION
Dan Symons
Vice President, Investor Relations
dsymons@romarco.com
Brookfield Place
181 Bay Street, Suite 3630
Toronto, Ontario M5J 2T3
Tel: 416.367.5500
Fax: 416.367.5505
Email: info@romarco.com
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