Ramelius Resources Limited · ASX:RMS

Ramelius Resources — Shareholder Meeting (October 2014)

30 slides from Ramelius Resources's shareholder meeting presentation, Oct 30, 2014

  1. Slide 1: Chairman's Address (Part 1)

    RAMELIUS RESOURCES LIMITED 2014 ANNUAL GENERAL MEETING CHAIRMAN’S ADDRESS For personal use only Ladies and Gentlemen, welcome to the 12th Annual General Meeting of Ramelius Resources Limited. Present with me today are my fellow directors, Mr Kevin Lines and Mr Mike Bohm, our Company Secretary Mr Dom

  2. Slide 2: Chairman's Address (Part 2)

    Ramelius has in the past decade evolved from being an explorer to a gold producer. The Company has successfully demonstrated its ability to develop gold deposits both as open pit and underground operations as was the case with our very successful Wattle Dam gold mine. More recently the Company progr

  3. Slide 3: Ramelius Resources AGM Presentation – October 2014

    For personal use only Ramelius Resources Limited ASX:RMS AGM Presentation – October 2014

  4. Slide 4: Forward Looking and Competent Persons Statements

    Forward Looking and Competent Persons Statements For personal use only Forward Looking Statements This presentation contains certain forward looking statements with respect to Ramelius’financial condition, results of operations, production targets and other matters that are subject to various risks

  5. Slide 5: Perception vs Reality?

    Perception vs Reality? For personal use only Perception Reality (30 Jun 14 – 30 Sep 14) Gold price has only declined by 1.2% in A$ terms Gold price has tanked (A$1,400.21/oz - 30 Jun, A$1,383.98 – 30 Sep) AISC now below A$ gold price Mt Magnet is burning cash (A$1,391/oz – Sep Qtr, A$1,275/oz – Dec

  6. Slide 6: Perception vs Reality? Market Cap to Net Cash Peer Comparison

    Perception vs Reality? Market Cap to Net Cash - Peer Comparison For personal use only as at 30 June 2014 (A$M) 500 749 730 820 949 450 400 350 300 250 200 150 100 50 0 (50) (100) (150) (200) (250) (300) Market Cap Cash Less Debt Source: Company Releases * Translated to AUD using USD:AUD of 1 to 0.94

  7. Slide 7: Corporate Summary

    Corporate Summary For personal use only Board & Management Capital Structure (as at 30 Sep 14) Robert Kennedy, Shares on Issue 468.8M Non Executive Chairman Market Cap A$23.4M Cash & Gold on hand A$16.9M Mark Zeptner, Corporate Debt Nil Chief Executive Officer Enterprise Value A$6.5M Kevin Lines, 6

  8. Slide 8: Strategy

    Strategy 1. Be profitable in a low gold price environment For personal use only 2. Discover a high margin asset over next 2 years 3. Strong focus on capital management * AISC represents All-In Sustaining Costs as per the World Gold Council guidance Ramelius Resources Limited • AGM Presentation - Oct

  9. Slide 9: What Makes Up Ramelius?

    What Makes Up Ramelius? For personal use only Mt Magnet Gold Mine Kathleen Valley Project Capacity 1.7Mtpa Resource 130koz Resource 1.9Moz Reserve Jan 2015 Reserve 326koz Life 1.5 years Life 4 years Capex A$1.7M Capex A$1.5Mpa C1 Cost / AISC A$940/oz C1 Cost A$1,280/oz UCF* A$15M AISC A$1,320/oz Viv

  10. Slide 10: Operations - Mt Magnet Gold Mine

    Operations - Mt Magnet Gold Mine For personal use only  Focus on Saturn and Mars open pits in FY15  Saturn pit  Mars pit Marswith Quartz sample openAupit– blast Saturn open pit Ramelius Resources Limited • AGM Presentation - October 2014 8

  11. Slide 11: Operations - Mt Magnet Gold Mine

    Operations - Mt Magnet Gold Mine For personal use only Mt Magnet Mt Magnet Milled Tonnes & Grade Gold Production & Costs 800,000 2.00 25,000 2,000 WQS pit SAG mill 22,500 repairs 1,800 700,000 Ball mill 1.75 motor 20,000 1,600 600,000 17,500 1,400 1.50 Gold Production (oz) 500,000 Head Grade (g/t) 1

  12. Slide 12: Operations - Mt Magnet Gold Mine

    Operations - Mt Magnet Gold Mine For personal use only  Checker Gold Mill – capacity of 1.7Mtpa, highly competitive $20/t operating cost  Pipeline of open pit & underground mines:  Proposed to deliver Vivien / Kathleen Valley ore for treatment at Checker Ramelius Resources Limited • AGM Presentat

  13. Slide 13: Operations – Burbanks/Coogee

    Operations – Burbanks/Coogee For personal use only Coogee Budget Coogee Actual Relative Physicals June 2013 August 2014 Variance Total Volume 1,214,395 bcm 1,200,454 bcm -1%  Ore Tonnes 102,152 t 152,776 t 50%  In Situ Grade 5.66 g/t 4.81 g/t -15%  Mill Recovery 95.0% 96.4% 2%  Recovered Grade 5

  14. Slide 14: Development - Vivien Project

    Development - Vivien Project For personal use only  Acquisition completed on 1st July 14 Relative Physicals May 2014 Oct 2014 Variance  Permitting approvals received on 10th July 14 Mine Life 3 years 3 years Unchanged  Project financials improved by recent tenders Mineral Resource 184koz2 184koz2

  15. Slide 15: Development - Vivien Project

    Development - Vivien Project For personal use only Ramelius Resources Limited • AGM Presentation - October 2014 13

  16. Slide 16: Development - Vivien Project: Highest Grade Ore Reserves

    Development - Vivien Project Vivien has one of the highest grade Ore Reserves in Australia For personal use only Underground Gold Mines – Ore Reserves & Grade 2,500 Bubble Size = FY15 Production Guidance (oz) 2,000 SBM - Gwalia 1,500 Reserves ^ (koz) 1,000 TRY - Casposo (Au Eq) EVN - Cracow MLX - Hi

  17. Slide 17: Development - Kathleen Valley Project

    Development - Kathleen Valley Project  Acquisition completed 1st Sep 2014 For personal use only  Mineral Resource of 130,0004 ounces  Approvals processes commenced  Heritage Survey 22 Oct 2014  Infill drilling Nov 2014  Maiden Ore Reserve early 2015  Ready for development Jun 2015 Qtr  Low c

  18. Slide 18: Production Targets

    Production Targets*  Assumes approval of both Vivien (Dec 2014) & Kathleen Valley (Mar 2015) gold projects For personal use only  Combines with Mt Magnet to produce a 4 year production profile with increasing grade RMS – Group Production Profile 140,000 Mossbecker 120,000 Yellow Aster & Mossbecker

  19. Slide 19: Exploration - Projects

    Exploration - Projects For personal use only Fraser Range (WA) Ramelius Resources Limited • AGM Presentation - October 2014 17

  20. Slide 20: Exploration – Moonlight Creek (Qld)

    Exploration – Moonlight Creek (Qld) For personal use only  300m deep angled RC hole drilled into Intrusive Breccia Target  Reversely polarised magnetic anomaly = magnetic high feature  Anomalous disseminated sulphides (2% - 7%) incl pyrrhotite (magnetic) + pyrite +/- chalcopyrite + arsenopyrite f

  21. Slide 21: Exploration – Coogee (WA)

    Exploration – Coogee (WA) For personal use only  10km poorly tested strike north of Coogee open pit  Variable transported sand cover, masking underlying rock units  Prospective sheared felsic intrusives & volcaniclastics (associated with Coogee pit mineralisation & alluvial nugget gold patches fu

  22. Slide 22: Exploration – Vivien Gem (WA)

    Exploration – Vivien Gem (WA) For personal use only  Encouraging shallow high grade intersections reported from RMS drilling:  Historical drilling including:  Nil existing Resource  Currently drilling 6 x RC holes to test deeper plunge 200 - 300mbs Ramelius Resources Limited • AGM Presentation -

  23. Slide 23: Exploration – Fraser Range (WA)

    Exploration – Fraser Range (WA) For personal use only  New 24 sub-block Fraser Range EL over coincident magnetic & gravity anomalies (after Teck)  EL granted 17 Oct 2014  Heritage Survey 30 Oct 2014  Targeting coincident gravity and magnetic highs for buried IOCG systems within Fraser Range Prov

  24. Slide 24: Exploration – Tanami (NT)

    Exploration – Tanami (NT) For personal use only  Farm-in JV secured over 1,700km2 of prospective geology  Under-explored and within 100km of Newmont’s 4.5Moz Callie Gold Mine and Granites Treatment Plant  Walk-up Callie-style drill targets within granted Suplejack EL  Suplejack RC drilling plann

  25. Slide 25: Exploration – Timeline

    Exploration – Timeline For personal use only Active Exploration Program Project Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Brownfields Coogee (WA) Site prep Drilling Results assessment Vivien Gem (WA) Site prep Drilling Results assessment Kathleen Valley (WA) Heritage Dril

  26. Slide 26: Summary - The Investment Case

    Summary - The Investment Case For personal use only Australian gold producer in a strong financial position to progress near term, high grade development projects Operations Upside Capital Position Ramelius Resources Limited • AGM Presentation - October 2014 24

  27. Slide 27: Thank you

    Thank you For personal use only Contact details:  Mark Zeptner – Chief Executive Officer  Phone – +61 8 9202 1127  Email – reception@rameliusresources.com.au  Website – www.rameliusresources.com.au Ramelius Resources Limited • AGM Presentation - October 2014 25

  28. Slide 28: Production Targets, Mineral Resources and Ore Reserve Note

    Production Targets, Mineral Resources and Ore Reserve Note For personal use only ¹ All Mt Magnet Production targets are based on current Ore Reserves. For detailed information relating to Mt Magnet Mineral Resources and Ore Reserves see ASX release (RMS) 3 Sept 2014, ‘Resources and Reserves Statemen

  29. Slide 29: Mineral Resource Statement

    Mineral Resource Statement MINERAL RESOURCES AS AT 30 JUNE 2014 - INCLUSIVE OF RESERVES For personal use only Measured Indicated Inferred Total Resource Deposit Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz Galaxy 1,266 1.7 69,000 6,9

  30. Slide 30: Ore Reserve Statement

    Ore Reserve Statement ORE RESERVE STATEMENT AS AT 30 JUNE 2014 For personal use only Proven Probable Total Reserve Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz Galaxy Pits Saturn 204 1.8 12,000 170 1.7 9,000 374 1.8 21,000 Mars 176 2.0 11,000 426 2.0 28,000 603

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