Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Noosa Mining Conference 2022
26 slides from Ramelius Resources's conference presentation, Jul 21, 2022
Slide 1: An Australian Gold Growth Story
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS Noosa Mining Conference An Australian Gold Growth Story NOOSA MINING CONFERENCE • JULY 2022 1 July 2022
Slide 2: Forward Looking Statements
QUALIFICATION Forward Looking Statements For personal use only This presentation contains certain forward looking statements with respect to Ramelius Resources Ltd’s (Ramelius) financial condition, results of operations, production targets and other matters that are subject to various risks and unce
Slide 3: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance For personal use only Market Cap1 A$827M @ $0.955 per share FY21 Production3 272,109oz @ AISC A$1,317/oz Cash & Gold2 A$164.7M FY22 Guidance5 255,000 – 260,000oz @ AISC of A$1,475 – 1,525/oz Debt2 Nil (Undrawn A$100M facility) Mineral Resources4 5.
Slide 4: Mission, Values, Strategy and the Essentials
MISSION, VALUES, STRATEGY AND THE ESSENTIALS For personal use only NOOSA MINING CONFERENCE • JULY 2022 4
Slide 5: Project Overview
PROJECT OVERVIEW ➢ Ramelius has two production centres at Mt Magnet & Edna May For personal use only ➢ Mt Magnet: ▪ Mt Magnet has produced over 6Moz since mining first began in 1891 ▪ 1.7mtpa mill with both open pit and underground sources within 5km ▪ High grade Vivien underground ore being hauled
Slide 6: Impact of COVID-19 on H2 FY22
IMPACT OF COVID-19 ON H2 FY22* ➢ Minimal impact in H1 FY22 For personal use only ➢ WA Border re-opened 3 March 2022 ➢ Protection systems in place: ▪ Pre-commute PCR/RAT testing ongoing ▪ Contact tracing cards at Mt Magnet & Edna May ➢ Escalation in cases, on and off-site since border re-opening, clo
Slide 7: H2 FY22 Ore Haulage to Edna May
H2 FY22 ORE HAULAGE TO EDNA MAY For personal use only ➢ Average planned rate of ~120,000tpm (dotted) ➢ Jan & Feb actuals affected by road train driver shortages with closed borders ➢ Increased access to drivers following border re-opening in March 2022 ➢ COVID-19 impacts primarily have limited abili
Slide 8: Maintaining Margins Through COVID-19
MAINTAINING MARGINS THROUGH COVID-19 For personal use only ➢ Gold production increased year-on-year by +20% from FY15 to FY21 ➢ Latest guidance 255-260koz for FY22* ➢ AISC profile now seeing an increase with cost pressure stemming from inflation & COVID related impacts ➢ Sales / AISC margins still h
Slide 9: Value Accretive Corporate Action Continues
VALUE ACCRETIVE CORPORATE ACTION CONTINUES ➢ Ramelius completed Apollo (ASX:AOP) acquisition, owner of For personal use only the Lake Rebecca Gold Project (Rebecca) in January 2022 ▪ Rebecca Mineral Resources of 29.1 Mt @ 1.2 g/t Au for 1.1 Moz 1 ▪ Apollo’s shareholders received an implied Offer pri
Slide 10: Key Project Updates
For personal use only KEY PROJECT UPDATES NOOSA MINING CONFERENCE • JULY 2022 10
Slide 11: Penny - Heading to the First Ore Drive
PENNY - HEADING TO THE FIRST ORE DRIVE IN ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES For personal use only . 1 See RMS ASX Release “Resources and Reserves Statement 2021”, 10 September 2021 NOOSA MINING CONFERENCE • JULY 2022 11
Slide 12: Penny - Heading to the First Ore Drive
PENNY - HEADING TO THE FIRST ORE DRIVE IN ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES ➢ Mineral Resources - 620kt @ 15.0g/t for 300koz1 For personal use only . ➢ Ore Reserve - 500kt @ 14.0g/t for 230koz1 ➢ Feasibility Study completed October 2020* ▪ AISC of A$633/oz – inflated to A$749/oz current ▪
Slide 13: Mt Magnet: Eridanus - Best Grades FY24-25
MT MAGNET: ERIDANUS - WILL SEE THE BEST GRADES FY24-25 For personal use only . ➢ Eridanus Stage 2 open pit commenced in June 2020 ➢ Open pit continues into FY25, with grade improving at depth ➢ February 2022 Mineral Resources1: ▪ Eridanus 20Mt @ 1.2g/t for 760,000 ounces ▪ Orion/Franks Tower 6.9Mt @
Slide 14: Mt Magnet: Galaxy Underground
MT MAGNET: GALAXY UNDERGROUND - EXTENSIONS LIKELY AT RECENTLY STARTED PROJECT For personal use only . ➢ Historic area mined by Ramelius 2012 – 2018 upon re-start ➢ Access existing Hill 50 decline & run separate declines to Mars & Saturn orebodies ➢ Banded Iron Formations have excellent depth continu
Slide 15: Mt Magnet: Bartus East - Underground Potential
MT MAGNET: BARTUS EAST - UNDERGROUND POTENTIAL WITHIN 5KM OF THE MILL For personal use only ➢ Further results from recent RC and diamond drilling: ▪ 13.8m at 2.83g/t Au from 269m in GXDD0141, and ▪ 20.5m at 2.18g/t Au from 295.2m, including ▪ 3.2m at 7.31g/t Au from 310m ▪ 15m at 1.67g/t Au from 156
Slide 16: Rebecca Gold Project - Exploration Drilling
REBECCA GOLD PROJECT - EXPLORATION DRILLING UNCOVERING UPSIDE ➢ A proven, regional-scale gold belt For personal use only & Tier 1 location ▪ 150km north-east from Kalgoorlie, in Australia’s premier gold province ▪ Southern end of the +30Moz Laverton Tectonic Zone ▪ Access to first-class regional inf
Slide 17: Sources of Future Growth
For personal use only SOURCES OF FUTURE GROWTH NOOSA MINING CONFERENCE • JULY 2022 17
Slide 18: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES# For personal use only Centre Study Description . Next Key Date Hill 50 underground: Desktop Study complete, now onto Scoping Study July 2022 (Update with Quarterly) Eridanus underground: Pre-Feasibility Study, awaiting further drilling and pit deepening TB
Slide 19: Inorganic Growth - Third Production Centre Strategy
INORGANIC GROWTH - THIRD PRODUCTION CENTRE STRATEGY For personal use only Opportunity ➢ Ramelius has two production centres at Mt Magnet & Edna May, currently producing 250-280koz per annum ➢ Strategy has been to acquire a 3rd production centre to add scale, diversity, optionality & growth prospects
Slide 20: Ramelius - Well Positioned for FY23 and Beyond
RAMELIUS - WELL POSITIONED FOR FY23 AND BEYOND For personal use only Proven management team adept in either greenfields development or Operational Excellence refurbishment & operation of both open pit and underground mines Strong balance sheet, disciplined approach to capital management with a Balan
Slide 21: Thank You
THANK YOU For personal use only Ramelius Resources Limited ASX Code: RMS Level 1, 130 Royal Street East Perth WA 6004 Authorised for release to the ASX by the Managing Director. For further information contact: Investor enquiries: Media enquiries: Mark Zeptner Tim Manners Luke Forrestal Managing Dir
Slide 22: Appendix - 2021 Mineral Resource Statement
APPENDIX 1 - 2021 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral For personal use only Resources see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 10 September 2021. The Company confirms that it is not aware of any new information or data that materially affect
Slide 23: Appendix - 2021 Ore Reserve Statement
APPENDIX 2 - 2021 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 10 September 2021. The Company confirms that it is not aware of any new information or data that materially affects the info
Slide 24: Appendix - Bartus East Deeps Exploration Diamond Drilling Result
APPENDIX 3 - BARTUS EAST DEEPS EXPLORATION DIAMOND DRILLING RESULT F/Depth From To Interval For personal use only Hole ID Easting Northing RL Az/Dip g/t Au (m) (m) (m) (m) GXDD0140 579181 6892593 423 322/-61.5 397 306 317 11 1.07 322.8 337.1 14.3 1.26 349 354.9 5.9 0.69 359 381 22 1.22 GXDD0141 5785
Slide 25: Appendix - JORC Table Report for Surface Aircore, RC and Diamond Drilling
APPENDIX 4 - JORC TABLE 1 REPORT FOR THE SURFACE AIRCORE, RC AND DIAMOND DRILLING For personal use only NOOSA MINING CONFERENCE • JULY 2022 25
Slide 26: Appendix - JORC Table Report for Surface Aircore, RC and Diamond Drilling
APPENDIX 5 - JORC TABLE 1 REPORT FOR THE SURFACE AIRCORE, RC AND DIAMOND DRILLING For personal use only NOOSA MINING CONFERENCE • JULY 2022 26