Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Investor Presentation (January 2008)
26 slides from Ramelius Resources's investor presentation, Jan 25, 2008
Slide 1: Ramelius Resources Limited Investor Presentation January 2008
For personal use only Ramelius Resources Limited Investor Presentation January 2008 Ian Gordon Executive Director
Slide 2: Background
For personal use only BACKGROUND • Exploration commenced at Spargoville in 2004 • Wattle Dam discovered in 2005 • Mining commenced in March 2006 • Burbanks Treatment Plant re-commissioned in May 2007 • Wattle Dam High Grade Zone discovered in May 2007 • Underground mining planned to commence in Marc
Slide 3: Achievements and Future Targets
For personal use only ACHIEVEMENTS • Discovery and Development of Wattle Dam Gold Mine • Cash Acquisition of Burbanks Treatment Plant • Refurbishment and Recommissioning of Plant • Generation of Cash Flow Self Funding Exploration and Development • Maiden Dividend (~$800K) and Capital Return to Share
Slide 4: Corporate Structure
For personal use only CORPORATE STRUCTURE DIRECTORS • Chairman: Bob Kennedy • Managing Director: Joe Houldsworth • Non-Executive Director: Reg Nelson • Executive Director: Ian Gordon SENIOR MANAGEMENT • CFO/Company Secretary: Dom Francese • Operations Manager: Brian Kelty • Process Manager: Tony Web
Slide 5: Capital Structure
For personal use only CAPITAL STRUCTURE (As at 10 January 2008) • ASX Code: RMS • Fully Diluted Market Capitalisation: ($218m @ $1.20 per share) • Issued Capital: 166,448,908 fully paid ordinary shares 15,568,760 bonus options ($1.00) Expire 30 June 09
Slide 6: Top Ten Shareholders
For personal use only RAMELIUS RESOURCES LIMITED - TOP TEN SHAREHOLDERS at 18 January 2008 % Beach Petroleum Limited 20,100,003 12.08 HSBC Custody Nominees (Australia) Pty Ltd 13,465,180 8.09 Citicorp Nominees Pty Ltd 11,068,410 6.65 ANZ Nominees Limited 8,965,911 5.39 Mandurang Pty Ltd 6,415,117 3.
Slide 7: Ramelius - Business Case
For personal use only RAMELIUS - BUSINESS CASE • Large land holding with significant regional structures and proven gold and nickel prospectivity • Wattle Dam is a low capital / high return asset • Resource is open at depth • Existing milling facility and permitting in place • Experienced management
Slide 8: Spargoville Project Area
For personal use only SPARGOVILLE PROJECT AREA • Tenements extend over 30 kilometres strike length • Located along Regional Shears • Large Mineralised System in Mafic and Ultramafic Rocks • Prospective for Gold and Nickel
Slide 9: Spargoville Project Area
For personal use only SPARGOVILLE PROJECT AREA • Location of Wattle Dam, Larkinville West and Eagles Nest •
Slide 10: Wattle Dam Project
For personal use only Wattle Dam Project • Large Gold system proven by Target diamond drilling • Gold intercepts at 600m vertical depth • Lower angle down Wattle plunge position Dam Pit to be tested in Feb 2008
Slide 11: Wattle Dam Diamond Drilling
For personal use only WATTLE DAM DIAMOND DRILLING • Results were encouraging and prove large gold system • Wide zone of mineralisation discovered at 600m depth (40m @ 0.7 g/t gold) • Initial program targeted steep plunge to high grade zone • Recent modelling suggests a more shallow plunge to HGZ whi
Slide 12: Wattle Dam High Grade Zone Long Section
For personal use only Wattle Dam High Grade Zone Long Section Plunge interpreted to be steepening New information suggets plunge may be much shallower Shallow plunging target Steeply plunging target
Slide 13: Diamond holes targeting steep plunge
For personal use only Diamond holes targeting steep plunge
Slide 14: Wattle Dam Scoping Study
For personal use only WATTLE DAM SCOPING STUDY • Scoping Study identifies a high return project over 12 months • Mining 103,000t @ 20.5 g/t for 67,000 oz • Commencing March 2008 • Capital of $15m and Operating Costs of $9m • Identifies areas where resource can be extended • Expect overcall in grade
Slide 15: Wattle Dam Underground Mining Plan
For personal use only WATTLE DAM SCOPING STUDY WATTLE DAM UNGERGROUND MINING PLAN
Slide 16: Burbanks Treatment Plant
BURBANKS For personal use only TREATMENT PLANT • Acquired 180,000 tpa Gold Plant • Funded from Reserves • Advances Cash Flow • Security of Processing Availability • Ready to treat Wattle Dam High Grade Underground ore
Slide 17: Exploration
For personal use only EXPLORATION Discovering our Future
Slide 18: Gold and Nickel Exploration
For personal use only GOLD AND NICKEL EXPLORATION GOLD TARGETS • Golden Orb (800m South of Wattle Dam) • Larkinville West (RC drilling completed) • Eagles Nest (RC Drilling completed ) • North Widgie (south of Wattle Dam) • Central Gold (targets Wattle Dam structure under cover to the north) NICKEL
Slide 19: Golden Orb Prospect Cross Section
For personal use only GOLDEN ORB PROSPECT CROSS SECTION • 50M Wide Mineralisation • Higher Grade zones • Open to North West • RC Drilling completed November 07 – results awaited
Slide 20: Larkinville West Prospect
LARKINVILLE WEST For personal use only PROSPECT Gold in Soil Anomalies First Pass RAB Drilling returned 52m at 1.4g/t gold including 32m at 2.0g/t gold from 12m depth. RC follow-up drilling returned encouraging result including: • 20 metres @ 3.1g/t Au from 30 metres within LWRC0003 • 6 metres @ 3.3
Slide 21: Eagles Nest Tenement
For personal use only EAGLES NEST TENEMENT Purchased in March 2007 Geological setting is sheared ultramafics (same as Wattle Dam) Large alluvial gold shed including the famous Golden Eagle Nugget (1135 oz) found in 1931
Slide 22: Eagles Nest Prospect
For personal use only EAGLES NEST PROSPECT Auger drilling defined coherent gold anomaly on western portion of the tenement RC Drilling at Eagle’s Nest completed in October 2007 and results include 9m @ 2 g/t and 9m @ 2.2 g/t gold open to south Follow-up February / March 2008
Slide 23: Ramelius Nickel Rights
For personal use only RAMELIUS NICKEL RIGHTS Hilditch 90% Wattle Dam 80% Logans Larkinville 80% The Spargoville Ultramafic Belt contains historic Spargoville Nickel mines which have produced 14,000t of Nickel Ramelius holds 50km of ultramafics including 10km of the belt in which the Spargoville and
Slide 24: Nickel Projects
For personal use only NICKEL PROJECTS Ramelius has generated 17 Nickel Sulphide targets RAB Drilling on these targets commenced June 2007 - Highlighted areas for follow-up Diamond Drilling completed in November 2007 at 1A North and Hilditch – 0.1m @ 5% Ni Downhole EM underway
Slide 25: Looking Forward
For personal use only LOOKING FORWARD • Further diamond drilling at Wattle Dam (Feb- June 2008) • Development of Wattle Dam underground • Follow-up drilling at Larkinville West • Follow-up drilling at Eagles Nest • Follow-up drilling of anomalies at Central (North of WD) • Follow-up of Ni sulphides
Slide 26: Ramelius Resources - Discovering the Wealth Below
For personal use only RAMELIUS RESOURCES Discovering the Wealth Below
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