Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Shareholder Meeting (November 2017)
29 slides from Ramelius Resources's shareholder meeting presentation, Nov 30, 2017
Slide 1: 2017 Annual General Meeting Chairman's Address
RAMELIUS RESOURCES LIMITED 2017 ANNUAL GENERAL MEETING CHAIRMAN’S ADDRESS Ladies and Gentlemen, welcome to the 15th Annual General Meeting of Australian gold miner, Ramelius Resources Limited. It is my pleasure to report the financial and operational result for Ramelius in 2017. Our third consecutiv
Slide 2: Chairman's address: Mt Magnet and Kathleen Valley operations
At Mt Magnet, the Perseverance open pit cut back was progressed and successfully completed early in 2017. Mining of the Titan pit cut back continued throughout the financial year reaching higher grade ore near the pit base towards the end of the year. Thirty kilometres to the north of Mt Magnet, Ram
Slide 3: Chairman's address: outlook and thanks
the newly acquired Edna May operations and to take advantage of any other corporate opportunities that may become available to grow your Company. I look forward to an interesting year ahead and I take this opportunity to thank our Managing Director and the Board, our Company Secretary and all our Ra
Slide 4: Ramelius Resources Limited Annual General Meeting
Ramelius Resources Limited Mark Zeptner - Managing Director Annual General Meeting – 30th November 2017
Slide 5: Qualification
Qualification Forward Looking Statements This report contains forward looking statements. The forward-looking statements are based on current expectations, estimates, assumptions, forecasts and projections and the industry in which it operates as well as other factors that management believes to be
Slide 6: FY2017 – Consecutive Years of Record Production
FY2017 – Consecutive Years of Record Production Operating Performance 2016 2017 Gold Production 110,839oz4 125,488oz up 13% Revenue A$173.7m 4 A$197.4m up 13% EBITDA A$75.5m 4 A$84.6m up 12% Net Profit Before Tax A$25.3m 4 A$25.1m down 1% Ramelius Resources Limited • Annual General Meeting – Novembe
Slide 7: Further strengthened Balance Sheet
FY2017 – Consecutive Years of Record Production Further strengthened Balance Sheet 2016 2017 Cash and Gold A$49.7m 4 A$89.9m up 80% Net Assets A$127.6m 4 A$169.8m up 33% Borrowings Nil 4 Nil no change Operating Cash Flows A$65.5m 4 A$83.4m up 27% September 2017 Quarter • Gold production of 33,150oz,
Slide 8: Production level well established at +30,000 ounces per quarter
FY2017 – Consecutive Years of Record Production ➢ Production level well established at +30,000 ounces per Quarter Ramelius Resources Limited • Annual General Meeting – November 2017 5
Slide 9: FY2017 Share Price Performance
FY2017 – Consecutive Years of Record Production ➢ One of the best performing junior gold stocks in FY2017 FY2017 Share Price Performance 20% 10% 1.1% 0% MOY RRL ALK RMS EVN IGO NST SBM RSG SLR NCM SAR OGC AQG BDR PRU MLX BLK DRM TRY -10% Average -20% -30% -40% -50% -60% -70% -80% -90% Ramelius Resou
Slide 10: Share Price Performance versus ASX Gold Index
FY2017 – Consecutive Years of Record Production ➢ Compared to ASX Gold Index (XGD), operational performance not fully recognised 60% 50% 40% Share Price Performance Nov-16 to Nov-17 30% 20% % CHange XGD 10% 0% -10% RMS -20% -30% -40% Ramelius Resources Limited • Annual General Meeting – November 201
Slide 11: Corporate Summary
Corporate Summary Corporate Structure: at 31 October 2017 Share Price Performance Shares on Issue 526m 0.80 Market Cap A$200m @ 38c/sh (US$152m) 0.70 0.60 Cash & Gold A$55m (US$42m) Closing Share Price A$ 0.50 Debt Nil 0.40 Enterprise Value A$145m (US$110m) 0.30 Liquidity 30-day ave. 1.2m shares 0.2
Slide 12: Operations - Western Australia
Operations - Western Australia Mt Magnet - mines & mill Mill Capacity 1.8Mtpa Resource 2.3Moz Reserve 349koz Grade 1.8g/t Life ~4 years A$1,250/oz AISC (US$950/oz) Vivien underground Resource 198koz Reserve 103koz Grade 7.3g/t Life ~4 years A$990/oz AISC (US$752/oz) Edna May - mine & mill Mill Capac
Slide 13: Edna May acquisition - Update
Edna May acquisition - Update ▪ Located beside the township of Westonia, 350km east of Perth ▪ A$40m up-front payment, plus maximum of A$50m contingent ▪ Sale completion effected on 3 October 2017 ▪ Implemented Improvement Program, already making inroads ▪ October 2017 estimated production; Edna May
Slide 14: Edna May acquisition - Update
Edna May acquisition - Update ➢ On track after encouraging drop in AISC for October 2017 Ramelius Resources Limited • Annual General Meeting – November 2017 11
Slide 15: Production Targets - Combined Operations FY2018
Production Targets - Combined Operations FY2018 Ramelius Resources Limited • Annual General Meeting – November 2017 12
Slide 16: Production Targets - Combined Operations LoM
Production Targets* - Combined Operations LoM *Production targets for contain Inferred Resources (6%), refer to slide 23 for further details. There is a low level of geological confidence associated with Inferred Resources and there is no certainty that further exploration work will result in the de
Slide 17: Mine Life Extensions - Mt Magnet
Mine Life Extensions - Mt Magnet ➢ Shannon is a new style of deposit at Mt Magnet, some 6Moz and 100 years after discovery! Ramelius Resources Limited • Annual General Meeting – November 2017 14
Slide 18: Mine Life Extensions – Shannon open pit/underground
Mine Life Extensions – Shannon open pit/underground ➢ Shannon deposit – underground potential, with possible extensions down dip & south Mineral Tonnes Grade Ounces Resource Indicated 448,000 5.0 72,000 Inferred 133,000 3.3 14,000 Total 581,000 4.6 86,000 Ramelius Resources Limited • Annual General
Slide 19: Exploration - Project Locations
Exploration - Project Locations Ramelius Resources Limited • Annual General Meeting – November 2017 16
Slide 20: Exploration – Yandan Nth (Qld)
Exploration – Yandan Nth (Qld) • Yandan Nth EPM located 10km north of Yandan mine (>350koz Au) • Initial 3 hole diamond drill program for 829m • encouraging reconnaissance intersections at the Firefly Prospect ➢ Follow up drilling in the December 2017 Qtr Ramelius Resources Limited • Annual General
Slide 21: Exploration - Farm-in & JV Projects Nevada (US)
Exploration - Farm-in & JV Projects Nevada (US) South Monitor • Farm-in & Joint Venture Agreement with Newmont Mining Corp. ➢ Ramelius has right to earn up to 80% by spending US$8m over 8 years ➢ Ramelius must spend US$250k in first year before withdrawal ➢ Newmont has right to clawback to 70% equit
Slide 22: Where is the value in Aussie gold producers? EV/Production
Where is the value in Aussie gold producers? ➢ RMS well below average EV/Production multiple based on 200,000oz in FY18 ASX-listed Australian Focused Gold Producers | FY18 Production Multiples $6,000 $5,500 $5,000 $4,500 EV/Production (A$ per oz) $4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500
Slide 23: Where is the value in Aussie gold producers?
Where is the value in Aussie gold producers? ➢ RMS trading in the middle of the pack compared to ASX-listed peers RMS ----------Trading Halt---------- Ramelius Resources Limited • Annual General Meeting – November 2017 20
Slide 24: 2018 Key Focus Areas
2018 Key Focus Areas • Extensional drilling ongoing at Mt Magnet, Vivien & Edna May Mine-life extensions • Greenfields exploration at Yandan Nth and in Nevada (Dec ‘17) • Actively pursue value accretive opportunities • Accelerate commencement; Fast-track project development ➢ Water Tank Hill u/g & C
Slide 25: Thank you - first gold bar at Edna May
Thank you - first gold bar at Edna May Ramelius Resources Limited • Annual General Meeting – November 2017 22
Slide 26: Production Targets, Mineral Resources & Ore Reserves Note
Production Targets, Mineral Resources & Ore Reserves Note The Production Target – Combined Operations LoM, numbers are a production target. The overall target is based on current Probable Ore Reserves (78% ozs), Indicated Mineral Resources (16% ozs) and Inferred Mineral Resources (6% ozs). In respec
Slide 27: Mt Magnet & Vivien - Mineral Resource Statement
Mt Magnet & Vivien - Mineral Resource Statement MINERAL RESOURCES AS AT 30 JUNE 2017 - INCLUSIVE OF RESERVES Measured Indicated Inferred Total Resource For detailed information relating to Mineral Resources Deposit kt g/t koz kt g/t koz kt g/t koz kt g/t koz see ASX Release (RMS) 29 Sept 2017, ‘Reso
Slide 28: Mt Magnet & Vivien - Ore Reserve Statement
Mt Magnet & Vivien - Ore Reserve Statement ORE RESERVE STATEMENT AS AT 30 JUNE 2017 Proven Probable Total Reserve For detailed information relating to Ore Reserves see ASX Release (RMS) 29 Sept 2017, ‘Resources kt g/t koz kt g/t koz kt g/t koz and Reserves Statement 2017’. Galaxy Pits Titan 8 1.6 -
Slide 29: Edna May - Mineral Resources & Ore Reserve Statements
Edna May - Mineral Resources & Ore Reserve Statements Based on a A$1,350/oz gold price Ramelius Resources Limited • Annual General Meeting – November 2017 26
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