Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Non-Deal Roadshow (March 2016)
35 slides from Ramelius Resources's roadshow presentation, Mar 16, 2016
Slide 1: UK & Nth American Investor Roadshow – March 2016
For personal use only Ramelius Resources Limited UK & Nth American Investor Roadshow – March 2016
Slide 2: Forward Looking & Competent Persons Statements
Forward Looking & Competent Persons Statements For personal use only Forward Looking Statements This presentation contains certain forward looking statements with respect to Ramelius’financial condit ion, results of operations, production targets and other matters that are subject to various ris ks
Slide 3: Corporate - RMS included in All Ordinaries Index in March '16
Corporate - RMS included in All Ordinaries Index in March ‘16 For personal use only Capital Structure (as at 11 March 16) Board & Management Shares on Issue 473.7M Robert Kennedy Non Executive Chairman Market Cap A$199M Mark Zeptner Cash & Gold (as at 31 Dec 15) A$40M Managing Director Kevin Lines C
Slide 4: Operations & Development Projects Overview
Operations & Development Projects Overview For personal use only Blackmans Gold Project Kathleen Valley Gold Mine Resource 38koz Resource 163koz Reserve 16koz Reserve 55koz Grade 2.0g/t Grade 4.2g/t Life 1 year Life 1.5 years AISC A$936/oz Mt Magnet Gold Mine & Plant Mill Capacity 1.7Mtpa Resource 1
Slide 5: Investment Case for Ramelius
Investment Case for Ramelius For personal use only 1. Fast-track project development • Ability to accelerate Water Tank Hill underground project and Blackmans/Titan open pits • Well positioned to consider acquisition opportunities 2. Mine-life extensions • Converting new resources near existing oper
Slide 6: Value Creation - Accelerated Project Development
Value Creation - Accelerated Project Development § Ability to bring forward Water Tank Hill underground development to early FY2017 For personal use only Ø adding 15koz of profitable gold production into both FY2017 & FY2018 § Capability to fast-track Blackmans and Titan Open Pit developments into n
Slide 7: Value Creation - Mine Life Extensions
Value Creation - Mine Life Extensions § Ability to produce maiden Milky Way mineral resource near term (Jun 2016 Qtr) For personal use only Ø which will enhance visibility on the operations beyond FY2018 § Seek value accretive acquisition opportunities Ø focus on assets with Mt Magnet mill synergies
Slide 8: Month Review
12 Month Review For personal use only Jun-15 Qtr Sep-15 Qtr Dec-15 Qtr Mar-16 Qtr “Go Ahead” announced for Commenced mining Sep Quarter Gold Production Production Guidance 27.5koz Kathleen Valley & Vivien Kathleen Valley & Vivien Guidance exceeded at AISC of A$1,150/oz A$10M finance facility with Fi
Slide 9: Production Targets - FY2016
Production Targets - FY2016 § Over-performance in Dec 2015 Qtr (27.8koz Actual vs 24koz Guidance) → 110koz Forecast For personal use only Ramelius Resources Limited • UK & Nth American Investor Roadshow – March 2016 9
Slide 10: Production Targets - Year Schedule by Year with AISC
Production Targets* - 3 Year Schedule by Year with AISC Robust 3 year plan using primarily Ore Reserves (92%) For personal use only • • Strong focus on building quality LoM extensions during 2016 *Note: FY2018 Production targets for Vivien & Kathleen Valley contain Inferred Resources, refer to slide
Slide 11: Production Targets - Year Ore Schedule by Mine
Production Targets* - 3 Year Ore Schedule by Mine For personal use only Ramelius Resources Limited • UK & Nth American Investor Roadshow – March 2016 11
Slide 12: Current Operations
For personal use only Current Operations
Slide 13: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine For personal use only § Saturn & Mars open pits complete § Saturn pit • 210m deep, final depth • 2.83Mt @ 1.41g/t for 128koz mined • Oct 2011 - Sep 2015 § Mars pit • 140m deep, final depth • 1.40Mt @ 1.70g/t for 77koz mined • Oct 2011 - Oct 2015 § Percy pit • 40m dee
Slide 14: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine For personal use only Milled Tonnes & Head Grade Gold Production & Costs 700,000 2.50 27,500 2,000 Vivien SAG mill 2.25 25,000 1,800 repairs Ball mill 600,000 22,500 motor WQS pit Percy pit 2.00 1,600 Mossbecker pit 500,000 20,000 1,400 Gold Production (oz) 1.75 Cost
Slide 15: Operations - Kathleen Valley Gold Mine
Operations - Kathleen Valley Gold Mine For personal use only Mossbecker open pit (looking south) Ramelius Resources Limited • UK & Nth American Investor Roadshow – March 2016 15
Slide 16: Operations - Kathleen Valley Gold Mine
Operations - Kathleen Valley Gold Mine For personal use only Ore Reserve Physicals June 2015 Mine Life 1.5 years Mineral Resource 163koz Ore Reserve 55koz Grade 4.2 g/t Recovery 95.0% Recovered Ounces 52koz BFS Financials February 2015 Up Front Capital A$1.5M C1 Cash Cost A$925/oz AISC A$936/oz Tota
Slide 17: Operations - Vivien Gold Mine
Operations - Vivien Gold Mine For personal use only Ore Reserve Physicals June 2015 Mine Life 3 years Mineral Resource 184koz Mining Inventory 109koz2 Grade 7.6 g/t Recovery 95.0% Vivien open pit showing underground portal Recovered Ounces 104koz (looking east) Updated BFS Financials Oct 2014 Up Fro
Slide 18: Operations - Vivien Gold Mine
Operations - Vivien Gold Mine For personal use only 360 North Ore Drive (75g/t top-cut) 360 Level Face #8 grade – 12.7g/t 360 North Ore Drive (75g/t top-cut) Face #12 grade – 30.2g/t Ramelius Resources Limited • UK & Nth American Investor Roadshow – March 2016 18
Slide 19: Development Pipeline
For personal use only Development Pipeline
Slide 20: Development - Water Tank Hill & St George
Development - Water Tank Hill & St George § Combined Mineral Resource of 620kt @ 5.3g/t for 105koz near existing St George decline For personal use only § Currently scheduled for commencement late 2016 St George open pit Water Tank Hill (planned development) St George u/ground (actual stoping) Ramel
Slide 21: Development - Water Tank Hill & St George
Development - Water Tank Hill & St George For personal use only § Underground diamond drilling – currently planned in H2 FY2017 St George open pit Ore Reserve Physicals June 2015 Mine Life 2 years Mineral Resource 105koz Ore Reserve 53koz Water Tank Hill Grade 5.0 g/t Recovery 92.0% Updated PFS Fina
Slide 22: Development - Blackmans Gold Project
Development - Blackmans Gold Project For personal use only ü Sep 2014 - Secured 100% of Blackmans ML ü 30km north of Mt Magnet ü Jan 2015 - High grade intersections: Ø9m at 31.9 g/t Au Ø25m at 7.61 g/t Au Ø13m at 8.27 g/t Au ü Jun 2015 - Mineral Resource: Ø457,000t @ 2.6g/t for 38,000oz ü Dec 2015 -
Slide 23: Development - Blackmans Gold Project
Development - Blackmans Gold Project For personal use only Mineral Resource Physicals June 2015 Tonnes 457kt Grade 2.6g/t Ounces 38koz Ore Reserve Physicals December 2015 Mine Life 12 months Ore Reserve 244kt Grade 2.0g/t Ounces 16koz Recovery 92% Ramelius Resources Limited • UK & Nth American Inves
Slide 24: Mine Life Extension - Milky Way (Mt Magnet)
Mine Life Extension - Milky Way (Mt Magnet) For personal use only § Targeting large tonnage porphyry § 3.6km south of Checker gold mill § First target Milky Way open pit Ø Oct-Dec 2015: ~5,000m RC drilled Ø Several high grade intersections Ø Broad widths of lower grade porphyry Ø Jan-Mar 2016: ~6,00
Slide 25: Mine Life Extension - Milky Way (Mt Magnet)
Mine Life Extension - Milky Way (Mt Magnet) For personal use only Ramelius Resources Limited • UK & Nth American Investor Roadshow – March 2016 25
Slide 26: Mine Life Extension - Vivien
Mine Life Extension - Vivien For personal use only § Upper level (S/P #1) drilling completed Jan 16 – results & modelling pending § Midpoint infill drilling planned for July 2016 § First phase deep extensional exploration drilling planned for Sep 2016 Qtr Ø ~3,700m of diamond core Ramelius Resources
Slide 27: Mine-Life Extension - Mossbecker (Kathleen Valley)
Mine-Life Extension - Mossbecker (Kathleen Valley) For personal use only § Targeting down dip extensions at Mossbecker § In-pit grade control drilling generally defined higher grades than Resource model § Further surface RC drilling planned for June 2016 Qtr Ramelius Resources Limited • UK & Nth Ame
Slide 28: Exploration Projects
For personal use only Exploration Projects
Slide 29: Exploration - Project Locations
Exploration - Project Locations For personal use only Ramelius Resources Limited • UK & Nth American Investor Roadshow – March 2016 29
Slide 30: Exploration - Tanami JV (NT)
Exploration - Tanami JV (NT) For personal use only § 1,700km2 of prospective geology § RMS earnt 85% from Tychean (ASX: TYK) § Within 100km of; Ø Newmont’s +20Moz Callie Gold Mine Ø Granites Treatment Plant § Suplejack EL 3 phases of drilling completed Ø Plus 10ppb interface gold anomaly over 2km st
Slide 31: 2016 Key Focus Areas
2016 Key Focus Areas For personal use only Hitting all the Targets 1. Bed down Vivien ore production • Profitable Operations 2. Fast-track new development 3. Extend Mine Life through Resource conversion & extensions • Mine-Life Extension 4. Improve exposure & ability to execute acquisition opportuni
Slide 32: Production Targets, Mineral Resources & Ore Reserves Note
Production Targets, Mineral Resources & Ore Reserves Note For personal use only For detailed information relating to Mineral Resources and Ore Reserves see ASX r elease (RMS) 10 Sept 2015, ‘Resources and Reserves Statement’. All Mt Magnet Production Targets are based on Ore Reserves. ¹ Kathleen Vall
Slide 33: Mineral Resource Statement
Mineral Resource Statement MINERAL RESOURCES AS AT 30 JUNE 2015 - 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 For detailed information re
Slide 34: Ore Reserve Statement
Ore Reserve Statement For personal use only ORE RESERVE STATEMENT AS AT 30 JUNE 2015 Proven Probable Total Reserve For detailed information relating to Tonnes Au Au Tonnes Au Au Tonnes Au Au Ore Reserves see ASX release (RMS ) 10 ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz Sept 2015, ‘Resources and
Slide 35: Appendix - Year Schedule by Quarter
Appendix 1 - 3 Year Schedule by Quarter For personal use only Ramelius Quarterly Mine Schedule 45,000 Morning Star Kathleen Valley 40,000 Vivien 35,000 Low Grade Fresh (MM) 30,000 Low Grade Ox/Trans (MM) Recovered Gold (oz) Underground (MM) 25,000 Boomer 20,000 Golden Stream 15,000 O'Meara Brown Hil