Slide 1: Ramelius Resources Limited – RIU Explorers Conference
For personal use only Ramelius Resources Limited Mark Zeptner ‐ Managing Director RIU Explorers Conference – 22nd February 2017
Slide 2: Qualification: Forward Looking Statements and Competent Persons Statement
Qualification For personal use only Forward Looking Statements This presentation contains certain forward looking statements with respect to Ramelius’financial condition, results of operations, production targets and other matters that are subject to various risks and uncertainties. Actual results,
Slide 3: 2017 - Key Focus Areas
2017 ‐ Key Focus Areas For personal use only • Extensional drilling at Mt Magnet (ongoing) & Vivien (Mar ‘17) Mine‐life extensions • Greenfields exploration follow up in the Tanami (Apr ‘17) • Accelerate project commencement; Water Tank Hill underground (underway) Fast‐track project development
Slide 4: Corporate Summary
Corporate Summary For personal use only Corporate Structure: at 31 January 2017 Share Price Performance (ASX:RMS) Shares on Issue 525M Market Cap A$315M (US$236M) @ A$0.60/share Liquidity 30‐day 4.5M shares Cash & Gold A$95M (US$71M) Enterprise Value A$220M (US$165M) Major Shareholders: at 31 Januar
Slide 5: Operational Locations - Western Australia
Operational Locations ‐ Western Australia For personal use only Mt Magnet ‐ mines & mill Mill Capacity 1.7Mtpa Resource 1.9Moz Reserve 312koz Grade 1.9g/t Life 4 years A$1,250/oz AISC (US$938/oz) New Blackmans open pit & Water Tank Hill underground Grade (Blackmans) 2.0g/t Life 1 year Grade (WTH/St
Slide 6: Operations - Galaxy open pits
Operations ‐ Galaxy open pits For personal use only Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2017 6
Slide 7: Operations - Blackmans open pit
Operations ‐ Blackmans open pit For personal use only Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2017 7
Slide 8: Operations - Water Tank Hill underground
Operations ‐ Water Tank Hill underground For personal use only Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2017 8
Slide 9: Operations - Vivien Gold Mine
Operations ‐ Vivien Gold Mine For personal use only 300‐295 Bench Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2017 9
Slide 10: Mine Life Extensions - Vivien Gold Mine
Mine Life Extensions ‐ Vivien Gold Mine For personal use only Almost in position to commence deeper drilling program 260 Level Ore Drive • Bottom drill cuddy (247mRL) • Currently being developed • ~4,000m diamond drilling to commence in the current Quarter • Exploring for extensions outside curren
Slide 11: Mine Life Extensions - Mt Magnet Gold Mine
Mine Life Extensions ‐ Mt Magnet Gold Mine For personal use only 6Moz gold camp, currently 4 drill rigs operating, plan to spend ~A$9M in H2 FY2017 to extend mine life Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2017 11
Slide 12: Mine Life Extensions - Water Tank Hill
Mine Life Extensions ‐ Water Tank Hill For personal use only Rehab completed, new development commenced, underground drilling planned for late 2017 Ore Reserve Physicals June 2016 Mine Life 2 years Resource 105koz Ore Reserve 53koz Grade 5.0 g/t Recovery 92.0% PFS Financials June 2015 A$11.5M Up F
Slide 13: Mine Life Extensions - Morning Star targets
Mine Life Extensions ‐ Morning Star targets For personal use only Opportunity exists to grow current open pit Reserves & underground Resources Historical Production • Mining ceased in July 2005 (gold price A$550/oz) • Multiple lodes, with geological understanding increasing with additional drillin
Slide 14: Mine Life Extensions - Morning Star open pits
Mine Life Extensions ‐ Morning Star open pits For personal use only Current open pit Ore Reserve • Morning Star – 478,000kt @ 2.8g/t for 43koz (Mineral Resource of 1,770kt @ 1.8g/t for 103koz) • Numerous additional hits between Morning Star & Black Cat South pit, south of Black Cat pit & below both
Slide 15: Mine Life Extensions - Morning Star open pits
Mine Life Extensions ‐ Morning Star open pits For personal use only Eddie Carson Lode – high grade narrow vein ore shoots plunging steeply southwest Eddie Carson Lode Released 31 January 2017 15m @ 3.49g/t from 111m 10m @ 2.89g/t from 166m 3m @ 11.47g/t from 180m 4m @ 20.21g/t from 113m
Slide 16: Mine Life Extensions - Morning Star underground
Mine Life Extensions ‐ Morning Star underground For personal use only Current u/g Mineral Resources Morning Star Upper • Nil Resources – New Target • 10m @ 6.56g/t (~80m from decline) Black Cat Deeps • Nil Resources – New Target • 4m @ 2.05g/t (undrilled zone) Morning Star Deeps • 528,000 tonnes @ 4
Slide 17: Mine Life Extensions - Morning Star targets
Mine Life Extensions ‐ Morning Star targets For personal use only 2017 Plan • Current Resource 79koz (from 980‐1,200mbs) • Exploration Target of 225‐275koz @ 4‐6g/t1 Based on 500ovm between 1,000–1,500mbs First 1,350m deep parent hole completed yesterday Core to be cut & sampled, results await
Slide 18: Mine Life Extensions - Porphyry targets
Mine Life Extensions ‐ Porphyry targets For personal use only Exploring for large, low strip ratio porphyry hosted deposits • Milky Way • Mineral Resource of 3,918kt @ 1.3g/t for 164koz • Ore Reserve of 1,875kt @ 1.3g/t for 78koz • Stellar & Stellar West • Mineral Resources of 1,271kt @ 1.6g/t for
Slide 19: Mine Life Extensions - Porphyry targets
Mine Life Extensions ‐ Porphyry targets For personal use only Shannon deposit – potential addition to Milky Way/Stellar mine plan Section 6895910N +/‐10m Shannon • New RC drilling (see Appendix) has displayed high grade intersections down dip from original pit Existing Shannon open pit including;
Slide 20: Greenfields Exploration
For personal use only Greenfields Exploration
Slide 21: Exploration - Project Locations
Exploration ‐ Project Locations For personal use only Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2017 21
Slide 22: Exploration - Tanami JV (NT)
Exploration ‐ Tanami JV (NT) → Ramelius 85% For personal use only • 1,700km2 of highly prospective geology • Tychean (ASX: TYK) free carried through to DTM • Strategic land holding within 100km of; Newmont’s +20Moz Callie Gold Mine, and Granites Treatment Plant • Highland Rocks - granted Decembe
Slide 23: Significantly undervalued gold producer
Significantly undervalued gold producer For personal use only RMS well below average EV/Production multiple based on 135,000 ounces in FY17 Australian Gold Producers | FY17 Production Multiples $5,000 $4,000 Production Multiples (A$ per oz) $3,000 $2,000 $1,000 $- RRL SBM EVN NST SAR SLR MOY DRM R
Slide 24: Thank you
Thank you For personal use only Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2017 24
Slide 25: Exploration Targets, Mineral Resources & Ore Reserves Note
Exploration Targets, Mineral Resources & Ore Reserves Note For personal use only For detailed information relating to Mineral Resources and Ore Reserves see ASX Release (RMS) 30 September 2016, ‘Resources and Reserves Statement’ and ASX Release (RMS) 31 January 2017, ‘December 2016 Quarterly Activit
Slide 26: Mineral Resource Statement
Mineral Resource Statement For personal use only MINERAL RESOURCES AS AT 30 JUNE 2016 - INCLUSIVE OF RESERVES For detailed information relating to Measured Indicated Inferred Total Resource Mineral Resources see ASX Release (RMS) Deposit Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au 30 Sept 20
Slide 27: Ore Reserve Statement
Ore Reserve Statement For personal use only ORE RESERVE STATEMENT AS AT 30 JUNE 2016 For detailed information relating to Ore Proven Probable Total Reserve Reserves see ASX Release (RMS) 30 Sept Tonnes Au Au Tonnes Au Au Tonnes Au Au 2016, ‘Resources and Reserves Statement 2016’. ('000s) g/t Oz ('00
Slide 28: Appendix: Significant RC drilling, Mount Magnet
Appendix to RIU Explorers Conference February 2017 Presentation Attachment 1: Significant (>0.5 g/t Au) RC drilling, Mount Magnet, WA For personal use only F/Depth Interval Hole Id Easting Northing Az/Dip RL From (m) To (m) g/t Au (m) (m) GXRC0522* 577064 6895824 296/-55 439 120 103 110 7 11.4 Incl.
Slide 29: For personal use only
Reported significant gold assay intersections (using a 0.5 g/t Au lower cut) are reported using 1m downhole intervals at plus 0.5 g/t gold, with up to 2m of internal dilution. Gold determination was by Fire Assay using a 50gm charge with AAS finishes and a lower limit of detection of 0.01 ppm Au. NS
Slide 30: JORC Table Report for Mt Magnet, RC and Aircore Drilling
JORC Table 1 Report for Mt Magnet, RC and Aircore Drilling Section 1 Sampling Techniques and Data For personal use only Criteria JORC Code explanation Commentary Sampling Nature and quality of sampling (eg cut At Mt Magnet potential gold mineralised intervals techniques channels, random chips, o
Slide 31: JORC Table - Sampling and Logging
Criteria JORC Code explanation Commentary reported from all RC holes. Good recovery is also noted for all Aircore samples. Logging Whether core and chip samples have All drill samples are geologically logged on site by been geologically and geotechnically professional geologists. Details on the
Slide 32: JORC Table - Verification of sampling and assaying
Criteria JORC Code explanation Commentary Additionally, sample size, grind size and field duplicates are examined to ensure no bias to gold grades exists. Verification of The verification of significant Alternative Ramelius personnel have inspected the For personal use only sampling and intersec
Slide 33: JORC Table - Sample security and audits
Criteria JORC Code explanation Commentary mineralised structures is considered to stage. have introduced a sampling bias, this should be assessed and reported if material. For personal use only Sample The measures taken to ensure sample Sample security is integral to Ramelius’ sampling security
Slide 34: JORC Table - Reporting of Exploration Results
Section 2 Reporting of Exploration Results Criteria JORC Code explanation Commentary Mineral Type, reference name/number, location The results reported in this report are on granted tenement and and ownership including agreements or Mining Leases (ML) 58/136 + 187 and ML58/202 all For personal u
Slide 35: JORC Table - Exploration Results criteria
Criteria JORC Code explanation Commentary o down hole length and interception degrees vary by <10 in the project area. depth Down hole length is the distance measured along the o hole length. drill hole trace. Intersection length is the thickness If the exclusion of this information is of an ano
Slide 36: JORC Table - Reporting criteria continued
Criteria JORC Code explanation Commentary discovery being reported These should now enabled a long section to be created, albeit the include, but not be limited to a plan view interpreted estimated horizontal widths contoured of drill hole collar locations and on the long section are yet to be verif