Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Shareholder Meeting (November 2023)
24 slides from Ramelius Resources's shareholder meeting presentation, Nov 23, 2023
Slide 1: Ramelius Resources 2023 Annual General Meeting
23 November 2023 RAMELIUS RESOURCES LTD 2023 ANNUAL GENERAL MEETING Ramelius Resources Limited (ASX: RMS) provides a copy of the: For personal use only (a) Chair’s address; and (b) Managing Director’s presentation, 23 November 2023 ahead of its Annual General Meeting today, 23 November 2023. ISSUED
Slide 2: Chair's address
Ramelius Resources Limited ACN: 001 717 540 Ramelius Resources Limited PO Box 6070 East Perth WA 6892 Level 1, 130 Royal Street, East Perth WA 6004 Tel: (08) 9202 1127 Ladies and gentlemen, welcome to the 21st Annual General Meeting of Ramelius Resources Limited (ASX: RMS) (Ramelius or the Company).
Slide 3: Chair's address (continued)
Mineral Resource update released for Penny on 15 September 2023 saw a further 70,000 high-grade ounces added to the inventory. We continue to drill at Penny, including the Penny West deposit. Following on from the takeover of Apollo Consolidated in the previous Financial Year, we moved to acquire Br
Slide 4: Chair's address (continued)
the minerals industry is Australia’s largest exporter, largest company taxpayer and largest investor in infrastructure. In my last report to Shareholders a year ago, I made mention that many gold stocks were trading close to half of their underlying asset valuations. I said that it is how companies
Slide 5: Managing Director Annual General Meeting presentation
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS Annual General Meeting ANNUAL GENERAL MEETING • NOVEMBER 2023 1 November 2023
Slide 6: Qualification
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 7: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance For personal use only Market Cap1 A$1.8B @ A$1.58 per share FY23 Production2 240,996oz @ AISC of A$1,895/oz Cash & Gold3 A$259.2M FY24 Guidance2 250,000 – 275,000oz @ AISC of A$1,550 - 1,750/oz Debt3 Nil (Undrawn A$100M facility) Mineral Resources4
Slide 8: Projects - A lot has changed in the past months
PROJECTS - A LOT HAS CHANGED IN THE PAST 12 MONTHS ➢ 1) Mt Magnet: For personal use only ▪ Mt Magnet has produced over 6Moz since mining first began in 1891 ▪ 2.0Mt pa mill with both open pit and underground sources within 5km ▪ High grade Penny underground ore trucked 160km to Mt Magnet ▪ High grad
Slide 9: 2023 Resources & Reserves
2023 RESOURCES & RESERVES1 ➢ Mineral Resources For personal use only ▪ 160Mt @ 1.5g/t for 7.6Moz ➢ Ore Reserves ▪ 18Mt @ 1.6g/t for 0.93Moz ➢ FY24 Resource conversion priorities ▪ Rebecca/Roe (3.1Moz) ▪ Cue (927koz)2 ▪ Bartus (202koz) ▪ Penny (70koz)3 ➢ Future Resource conversion potential ▪ Edna Ma
Slide 10: Financial Metrics - Year Trend
FINANCIAL METRICS - 5 YEAR TREND (A$) For personal use only 1 Underlying NPAT has been adjusted for impairment charges, asset sales, and other and one-off items, see Financial Statements released today for reconciliation 2 Working capital is current assets less current liabilities ANNUAL GENERAL MEE
Slide 11: AISC Forecast - Delivering on Increased Margins
AISC FORECAST - DELIVERING ON INCREASED MARGINS ➢ FY23 group gold production For personal use only 240,996oz at AISC A$1,895/oz ➢ AISC expected to reduce as commercial levels of production from Penny are sustained into FY24 ➢ AISC margins are forecast to expand in both FY24 & 25 ➢ FY24 group gold pr
Slide 12: Progress on Strategy
For personal use only PROGRESS ON STRATEGY ANNUAL GENERAL MEETING • NOVEMBER 2023 8
Slide 13: Delivering on Strategy - Breaker & Musgrave Acquired
DELIVERING ON STRATEGY - BREAKER & MUSGRAVE ACQUIRED For personal use only ANNUAL GENERAL MEETING • NOVEMBER 2023 9
Slide 14: Roe Gold Project - Overview
ROE GOLD PROJECT - OVERVIEW ➢ Tier 1 location For personal use only ▪ ~100km east from Kalgoorlie, in Australia’s premier gold province ▪ Southern end of the Keith – Kilkenny Tectonic Zone ➢ Bombora & Crescent - Kopai deposits ▪ 1.7Moz Mineral Resource (32Mt @ 1.6g/t Au)* ▪ Bombora deposit – the 1.5
Slide 15: Cue Gold Project - Overview
CUE GOLD PROJECT - OVERVIEW ➢ Tier 1 location For personal use only ▪ 40km north of the town of Mt Magnet in WA ▪ 5km from the Great Northern Highway ➢ Cue Gold Project Mineral Resources1 ▪ Totals 12.3Mt @ 2.3g/t Au for 927koz, includes: o Break of Day High-Grade 982kt @ 10.4g/t Au for 327koz Au o M
Slide 16: Key Project Updates
For personal use only KEY PROJECT UPDATES ANNUAL GENERAL MEETING • NOVEMBER 2023 12
Slide 17: Penny - In Full Production & Resource Extensions Delivered
PENNY - IN FULL PRODUCTION & RESOURCE EXTENSIONS DELIVERED ➢ Mineral Resources - 430kt @ 18.3g/t for 250koz1 For personal use only . ➢ Ore Reserve - 480kt @ 14.0g/t for 210koz1 ➢ Stoping well underway, multiple fronts open ➢ Haulage now matching mine production ➢ UG drilling producing excellent resu
Slide 18: Symes - New High Margin Open Pit Feed for Edna May
SYMES - NEW HIGH MARGIN OPEN PIT FEED FOR EDNA MAY ➢ 120km by road from Edna May For personal use only . ➢ Mineral Resource1 of 1.4Mt at 1.7tg/t for 75koz ➢ Site infrastructure completed ➢ Ore haulage up to expected rates 1See RMS ASX Release “3 Year Production Outlook & Study Updates”, 14 November
Slide 19: Vivien, Tampia & Now Marda - Progressive Rehabilitation
VIVIEN, TAMPIA & NOW MARDA - PROGRESSIVE REHABILITATION WHERE POSSIBLE Vivien (North Eastern Goldfields) Marda (Yilgarn) For personal use only . Tampia (Wheatbelt) ANNUAL GENERAL MEETING • NOVEMBER 2023 15
Slide 20: Inorganic Growth - Return on Investment a Key Driver
INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER ➢ Track record of generating positive (net) cash For personal use only flow* from new projects ➢ Inventory build-up shown as notional c/flow ▪ Marda: 419kt @ 1.71g/t for 23koz ▪ Tampia: 902kt @ 1.47g/t for 43koz ▪ Symes: 61kt @ 1.52g/t for 3koz ➢
Slide 21: Relative Share Price Performance
LAST 12 MONTHS - RELATIVE SHARE PRICE PERFORMANCE^ For personal use only RMS ^ Source: FactSet ANNUAL GENERAL MEETING • NOVEMBER 2023 17
Slide 22: Thank You
For personal use only THANK YOU ANNUAL GENERAL MEETING • NOVEMBER 2023 18
Slide 23: Appendix - 2023 Mineral Resource Statement
APPENDIX 1 - 2023 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral Resources see ASX Releases (RMS) “Resources and Reserves Statement 2023”, 14 September 2023. For personal use only For updated information related to the Penny deposit, see RMS ASX Release “Penny Gold Mine Upda
Slide 24: Appendix - 2023 Ore Reserve Statement
APPENDIX 2 - 2023 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2023”, 14 September 2023. The Company confirms that it is not aware of any new information or data that materially affects the info
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