Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Investor Presentation (August 2009)
22 slides from Ramelius Resources's investor presentation, Aug 12, 2009
Slide 1: Ramelius Resources Limited Investor Presentation August 2009
For personal use only RAMELIUS RESOURCES LIMITED Investor Presentation | August 2009 Ian Gordon Chief Executive Officer
Slide 2: Disclaimer
For personal use only DISCLAIMER This presentation contains certain forward looking statements with respect to Ramelius’ financial condition, results of operations and other matters that are subject to various risks and uncertainties. Actual results, performance or achievements could be significantl
Slide 3: Key Strengths
RAMELIUS KEY STRENGTHS For personal use only Proven track record – 2 years of profitable operations and strong production outlook (70,000oz base case production to end 2010) Wattle Dam will be one of Australian’s highest grade underground gold mine (>15g/t) Strongly cashflow positive, well cap
Slide 4: Directors & Management
DIRECTORS & MANAGEMENT For personal use only WIDE RANGING INDUSTRY EXPERIENCE DIRECTORS: Bob Kennedy Chairman (Beach Petroleum, Flinders Mines) Kevin Lines Non-Executive Director (ex Newmont/Normandy) Reg Nelson Non-Executive Director (Beach Petroleum, PIRSA) Joe Houldsworth Non-Executive Director I
Slide 5: Capital Structure
CAPITAL STRUCTURE ISSUED CAPITAL: For personal use only 219,202,222 fully paid ordinary shares. 18,452,620 options RMSOC ($1.50) Expires 30 June 10 Market Capitalisation c.$110m, Cash $26.7m, debt free TOP SHAREHOLDERS: Sprott Asset Management ~19% Beach Petroleum ~9% Directors ~8%
Slide 6: Project Location
BURBANKS For personal use only RAMELIUS PROJECT LOCATION ST IVES WATTLE DAM Situated in Proven Gold Province with similar grades to Goldcorp’s Red Lake Mine HIGGINSVILLE
Slide 7: About Wattle Dam
ABOUT WATTLE DAM For personal use only One of Australia’s highest grade underground gold mines JORC Compliant resource Capital costs of A$13m, operating costs of A$27m to end 2010 Extremely high grades confirmed by recent infill drilling Overcall has potential to dramatically reduce capita
Slide 8: Wattle Dam Development
WATTLE DAM DEVELOPMENT For personal use only Underground development commenced May 2009 382m development and first cross cut completed Visible gold at top of ore body Development ore (>15g/t) ore to be mined from October 2009 Very high grade stoping ore (>15g/t) from December 2009 Standa
Slide 9: Underground Portal
UNDERGROUND PORTAL For personal use only MAY 2009
Slide 10: Longitudinal projection: selected drill intersections
For personal use only Longitudinal projection looking West Selected drill intersections
Slide 11: Wattle Dam Infill Drilling
WATTLE DAM INFILL DRILLING For personal use only Underground diamond drill program to infill to Wattle Dam resource 4 holes targeting top of mine plan intersected visible gold Confirms contiguous nature of very high grade zones Above: Close up of visible gold from drill hole WDUD0025 showing e
Slide 12: High Grade Gold in Core
HIGH GRADE GOLD IN CORE For personal use only WDUD0025 WDDH0079
Slide 13: Deep Drilling Program
DEEP DRILLING PROGRAM For personal use only Underground diamond drill program to test depth extensions of Wattle Dam resource Significant recent results of 5.5m@148g/t and 3.5m@13.8g/t at up to 100m below base of current mine plan Confirms presence of very high grade zone well below existing J
Slide 14: Burbanks Mill
BURBANKS MILL For personal use only Commenced treatment of Wattle Dam ore May 2007 Capacity 180,000tpa Optimised to treat high grade Wattle Dam ore Significant toll treatment demand Major upgrade program completed during 2008
Slide 15: Overcall Potential
OVERCALL POTENTIAL For personal use only Production – Modeled v Actual Mined Pit 1 2007-08 Ore Tonnes Grade g/t Grams Ounces Mine Model 73,000 5.86 427,780 13,754 Actual Mined 162,000 6.62 1,072,440 34,480 Overcall (%) 222 113 251 251 Pit 2 2008-09 Ore Tonnes Grade g/t Grams Ounces Mine Model 76,000
Slide 16: Wattle Dam Overcall Potential
WATTLE DAM OVERCALL POTENTIAL For personal use only Both open pit phases produced more than double the projected tonnes at higher grade than modelled from resource drilling Open Pit 1 model expected 260 oz per vertical metre with actual production of 660 oz per vertical metre Open Pit 2 model
Slide 17: Regional Exploration
REGIONAL EXPLORATION For personal use only Targeted exploration in close proximity to Wattle Dam Follow-up of mineralisation at 8500N, Golden Orb and Eagle’s Nest Recent drill result at 8500N of 20m @ 5.3 g/t gold close to surface Recent drill result at Golden Orb 7m @ 11.4 g/t from 90m
Slide 18: Dioro Merger Proposal
DIORO MERGER PROPOSAL For personal use only Ramelius Resources Limited has made a unconditional offer, other than FIRB approval, to shareholders in Dioro Exploration NL The Ramelius offer is two Ramelius shares for every one ordinary Dioro share on issue (2:1)
Slide 19: Dioro Merger Proposal
DIORO MERGER PROPOSAL For personal use only As at 10 August 2009 the Ramelius offer valued each Dioro share at A$1.04 This represents a premium of: 37% to the Avoca offer currently at $0.76 41% to the Dioro 3‐month VWAP 163% to the last traded price before the Avoca offer Ramelius believ
Slide 20: Dioro Merger – Mutual Benefits
DIORO MERGER – MUTUAL BENEFITS For personal use only Attractive offer price > A$1.00 per share Dioro shareholders retain substantial stake in merged entity A merged group that is strongly capitalised to fund ongoing development and exploration Immediate strong production and cash flow genera
Slide 21: Summary
For personal use only SUMMARY Ramelius will be a strongly profitable gold company with strong cash balance, no debt and projects in a proven gold province Wattle Dam will be one of the highest grade gold mines in Australia with high potential for resource extensions Wattle Dam has low capital
Slide 22: Competent Person Statement
For personal use only The Information in this report that relates to Exploration Results is based on information compiled by Matthew Svensson. Matthew Svensson is a Member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and
Ramelius Resources — Investor Presentation (August 2009) on 6ix