Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Denver Gold Forum September 2021
29 slides from Ramelius Resources's conference presentation, Sep 13, 2021
Slide 1: An Australian Gold Growth Story
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS An Australian Gold Growth Story DENVER GOLD FORUM • SEPTEMBER 2021 1 September 2021
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$1.15B @ $1.41 per share FY21 Production3 272,109oz @ AISC A$1,317/oz (New Record) Cash & Gold2 A$234.0M FY22 Guidance3 260,000 - 300,000oz @ AISC A$1,425 – 1,525/oz Debt2 Nil Mineral Resources4 5.4Moz at 30 June
Slide 4: Sustainability - Stepping Up to the Plate
SUSTAINABILITY* - STEPPING UP TO THE PLATE For personal use only #Results are from Ramelius 2020 Sustainability Report, contained within the 2020 Annual Report and also posted on the Ramelius website DENVER GOLD FORUM • SEPTEMBER 2021 4
Slide 5: Consistent Production Growth with Expanding Margins
CONSISTENT PRODUCTION GROWTH# WITH EXPANDING MARGINS For personal use only ➢ +20% year-on-year gold production growth FY15-FY21 AISC Margin increased from 20% in FY15 to 43% in FY21 ➢ Further growth to 280koz in FY22 ➢ Consistent AISC profile over first 6 years ➔ varying <2.5% ➢ Maintaining margins
Slide 6: Resources & Reserves
RESOURCES & RESERVES1 For personal use only ➢ Mineral Resources ▪ 110Mt @ 1.6 g/t for 5.4Moz ➢ Ore Reserves ▪ 17Mt @ 2.0 g/t for 1.1Moz ➢ Foundation of 1.84Moz Mine Plan2 ▪ 92% from Reserves/Indicated Resources ➢ Conversion rate ~20% ➢ Mining Study timing has led to Resource to Reserve conversion to
Slide 7: 1.84 Million Ounce Mine Plan
1.84 MILLION OUNCE MINE PLAN# ➢ 27% increase on FY20 Mine Plan For personal use only ➢ In addition to 1.37Moz produced to date from MM & EM ➢ Mt Magnet production centre ▪ Vivien extended to end of FY23 ▪ Galaxy Underground from FY24 ▪ Eridanus Underground from FY25 ➢ Edna May production centre ▪ St
Slide 8: Ore Reserve & Mineral Resource Contributions
ORE RESERVE & MINERAL RESOURCE CONTRIBUTIONS For personal use only ➢ New Mine Plan is driven from Ore Reserves and Indicated Resources ➢ Only 8% of the Mine Plan is derived from Inferred Mineral Resources ➢ High confidence plan, especially first four years *Years FY29 to FY30 have been combined. Bot
Slide 9: Mine Plan - Visibility & Transparency
MINE PLAN - VISIBILITY & TRANSPARENCY ✓ 1.84Moz across 9 years to FY30, which includes a low-grade tail in years 8 & 9 For personal use only ✓ Average AISC over first 7 years of between A$1,390 - 1,490/oz ✓ Capital for all projects included, with Edna May Stage 3 itemised separately ✓ Exploration (A
Slide 10: Project Updates
For personal use only PROJECT UPDATES DENVER GOLD FORUM • SEPTEMBER 2021 10
Slide 11: Project Locations - Multiple Assets into Two Production Centres
PROJECT LOCATIONS - MULTIPLE ASSETS INTO TWO PRODUCTION CENTRES For personal use only ➢ Mt Magnet - 6Moz produced and counting ➢ Edna May - one of few producers in the region ▪ Highly sought-after jurisdiction ▪ Easy access to sites from Perth ▪ Close to major regional centres and existing road haul
Slide 12: Vivien - A New Lease on Life
VIVIEN - A NEW LEASE ON LIFE For personal use only . ➢ Originally planned for October 2021 finish ➢ Additional 2 years of life, at least… ➢ 10x return on original purchase of A$10M^ ▪ Original Reserve of 400kt @ 7.1g/t for 101koz* ▪ Production to date of 1.1Mt @ 6.1g/t for 210koz ▪ FY22/23 productio
Slide 13: Galaxy - Opening Up a New Underground Ore Source
GALAXY - OPENING UP A NEW UNDERGROUND ORE SOURCE For personal use only . ➢ Historic area mined by Ramelius 2012 – 2018 upon re-start ➢ Opportunity identified for early access compared to Eridanus UG ➢ Scoping Study work brought forward from December 2021 ➢ Access existing Hill 50 decline & run separ
Slide 14: Eridanus - Looking to Grow Beyond a Million Oz Resource
ERIDANUS - LOOKING TO GROW BEYOND A 1 MILLION OZ RESOURCE ➢ Eridanus Stage 2 open pit commenced in For personal use only . June 2020 ➢ Relatively shallow drilling undertaken over ~2km of Granodiorite strike to date ➢ Recently updated Mineral Resources1: ▪ Eridanus 20Mt @ 1.2g/t for 760,000 ounces ▪
Slide 15: Penny - One of Australia's Highest Grade Gold Mines
PENNY - ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES For personal use only . ➢ Mineral Resource: 620kt @ 15.0g/t for 300koz1 ➢ Ore Reserve: 500kt @ 14.0g/t for 230koz1 ➢ Approvals ▪ All key approvals received ➢ Contracts ▪ Camp construction completed and commissioned ▪ Open pit mining services awarde
Slide 16: Edna May - Up to 500K Ounce Potential Within Stage Open Pit
EDNA MAY - UP TO 500K OUNCE POTENTIAL WITHIN STAGE 3 OPEN PIT ➢ Current Mineral Resources1 For personal use only . ▪ 31Mt @ 1.1g/t for 1.0Moz (overall resource) ▪ 490kt @ 4.5g/t for 72koz (included high grade lodes) ➢ Scoping Study (January 2021) results include2 ▪ 16.5Mt @ 0.82g/t for 434koz mined
Slide 17: Tampia - Production Commenced on Schedule
TAMPIA - PRODUCTION COMMENCED ON SCHEDULE For personal use only . ➢ Edna May Plant ▪ Oxide ore being treated at high throughput rates ➢ Access/Approvals ▪ Land Access – 10% minority interest & land purchased# ➢ Narembeen Accommodation Camp ▪ 100-person Camp in operation ➢ First blast occurred end of
Slide 18: The Investment Case
For personal use only THE INVESTMENT CASE DENVER GOLD FORUM • SEPTEMBER 2021 18
Slide 19: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES# Site Study Description Est. Completion For personal use only . Mt Magnet Galaxy (Saturn & Mars) underground: complete Pre-Feasibility Study 30 September 2021 Mt Magnet Morning Star underground: Scoping Study to convert a % of ~80koz Mineral Resource 31 Dec
Slide 20: Inorganic Growth - A History of Adding Value
INORGANIC GROWTH - A HISTORY OF ADDING VALUE* For personal use only ➢ Track record of generating positive (net) cash flow from new projects ➢ Marda now in production (360kt ore stockpile, ~A$25M in free cf.) ➢ Tampia commenced ore production ➢ Penny capital program, portion brought forward from FY22
Slide 21: Focus for FY22
FOCUS FOR FY22 • Continue focus on meeting guidance, managing costs & improving safety For personal use only Operational Excellence • Guidance of 260,000 – 300,000 ounces at an AISC of A$1,425 – 1,525/oz • A$32M exploration budget - Mt Magnet and Edna May High Impact Exploration • Includes additiona
Slide 22: 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 Jason Marocchi Managing Dir
Slide 23: 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 24: 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 25: Appendix - Eridanus Diamond Drilling Results
APPENDIX 3 - ERIDANUS DIAMOND DRILLING RESULTS For personal use only F/Depth From To Interval Hole ID Easting Northing RL Az/Dip g/t Au (m) (m) (m) (m) GXDD0119 577102 6894417 432 255/-64 549.9 40 41 1 10.6 252 254 2 3.90 387 395 12 1.76 411 420 9 1.15 445 451 6 1.28 475 494 19 1.12 514.4 517.3 2.9
Slide 26: Appendix - JORC Table Report for Diamond Drilling
APPENDIX 3 - JORC TABLE 1 REPORT FOR DIAMOND DRILLING Section 1 Sampling Techniques and Data For personal use only Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard • At all project
Slide 27: Appendix - JORC Table Report for Diamond Drilling
APPENDIX 3 - JORC TABLE 1 REPORT FOR DIAMOND DRILLING Quality of assay data and • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the • The fire assay method is designed to measure the total gold in the diamond core. The technique involves standard
Slide 28: Appendix - JORC Table Report for Diamond Drilling
APPENDIX 3 - JORC TABLE 1 REPORT FOR DIAMOND DRILLING Section 2 Reporting of Exploration Results For personal use only Criteria JORC Code explanation Commentary Mineral tenement and land • Type, reference name/number, location and ownership including agreements or material issues with third • The re
Slide 29: Appendix - JORC Table Report for Diamond Drilling
APPENDIX 3 - JORC TABLE 1 REPORT FOR DIAMOND DRILLING Relationship between • These relationships are particularly important in the reporting of Exploration Results. • The intersection length is measured down the length of the hole and is not usually the true width. When sufficient knowledge minerali
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