Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Shareholder Meeting (November 2021)
25 slides from Ramelius Resources's shareholder meeting presentation, Nov 25, 2021
Slide 1: Ramelius Resources 2021 Annual General Meeting
25 November 2021 For personal use only RAMELIUS RESOURCES LTD 2021 ANNUAL GENERAL MEETING Ramelius Resources Limited (ASX: RMS) provides a copy of: (a) Chair’s address; and (b) Managing Director’s presentation, ahead of its Annual General Meeting Thursday 25 November 2021 from 11am 25 November 2021
Slide 2: Chair's address: FY21 performance
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 For personal use only Ladies and gentlemen, welcome to the 19th Annual General Meeting of Ramelius Resources Limited (ASX: RMS) (Ram
Slide 3: Chair's address: Lake Rebecca, mine plan and ESG
Lake Rebecca is one of the best gold discoveries made in Western Australia in recent years with plenty of exploration upside and potential to develop into an important production centre for the Company. We look forward to getting on with exploration and studies at Lake Rebecca in a similar way to wh
Slide 4: Chair's address: closing remarks
only as a corporate lawyer but also leading business development withing a significant mining company. Thank you to my fellow Directors – David, Michael, Natalia, and, of course, Mark – for your support and wise counsel. It has been a pleasure working with you all and the team at Ramelius, and thank
Slide 5: Managing Director presentation
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS ANNUAL GENERAL MEETING - NOVEMBER 2021 1
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$1.53B @ $1.82 per share FY21 Production3 272,109oz @ AISC A$1,317/oz Cash & Gold2 A$273.9M FY22 Guidance3 260,000 – 300,000oz @ AISC of A$1,425 – 1,525/oz Debt2 Nil Mineral Resources4 5.4Moz at 30 June 2021 Major
Slide 8: FY21 Highlights - Mission, Values, Strategy and the Essentials
FY21 HIGHLIGHTS - MISSION,VALUES, STRATEGY AND THE ESSENTIALS For personal use only ANNUAL GENERAL MEETING - NOVEMBER 2021 4
Slide 9: FY21 Highlights - Building Our Sustainability Profile
FY21 HIGHLIGHTS – BUILDING OUR SUSTAINABILITY PROFILE For personal use only ANNUAL GENERAL MEETING - NOVEMBER 2021 5
Slide 10: FY21 Highlights - Increased Resources & Gold Sales
FY21 HIGHLIGHTS - INCREASED RESOURCES & GOLD SALES KEY METRIC FY21 FY20 % Change For personal use only Mineral Resources 5.40Moz 4.70Moz 15% Ore Reserves 1.10Moz 1.10Moz - Gold Production 272,109oz 230,426oz 18% Gold Sales 277,450oz 228,210oz 22% AISC A$1,317/oz A$1,164/oz 13% Average Price Received
Slide 11: FY21 Highlights - A Standout Set of Financials
FY21 HIGHLIGHTS - A STANDOUT SET OF FINANCIALS OPERATING PERFORMANCE FY21 FY20 % Change For personal use only Revenue A$634.3m A$460.6m 38% EBITDA A$341.0m A$256.0m 33% Net Profit After Tax A$126.8m A$113.4m 12% Earnings Per Share (cents) 15.6 16.4 (5%) Dividend (cents) 2.5 2.0 25% BALANCE SHEET FY2
Slide 12: FY21 Highlights - Relative Share Price Performance
FY21 HIGHLIGHTS - RELATIVE SHARE PRICE PERFORMANCE^ ▪ Best of breed performance For personal use only 60% 60% again for FY21 45% 45% 30% 30% ▪ 15% decline saw Ramelius’ share price outperform 15% 15% most ASX listed gold producers 0% 0% -15% RMS -15% ▪ Element of cyclicity adversely impacting the -3
Slide 13: Value Accretive Corporate Actions Continues
VALUE ACCRETIVE CORPORATE ACTIONS CONTINUES ➢ Ramelius to acquire Apollo Consolidated (ASX:AOP), owner For personal use only of the Lake Rebecca Gold Project (Rebecca); ▪ Rebecca Mineral Resources of 29.1 Mt @ 1.2 g/t Au for 1.1 Moz1 ▪ Apollo’s shareholders receive an implied Offer price of A$0.622
Slide 14: Key Project Updates
For personal use only KEY PROJECT UPDATES ANNUAL GENERAL MEETING - NOVEMBER 2021 10
Slide 15: Penny - One of Australia's Highest Grade Gold Mines
PENNY - ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES For personal use only . ➢ Mineral Resource: 620kt @ 15.0g/t for 300koz1 ➢ Ore Reserve: 500kt @ 14.0g/t for 230koz1 ➢ Approvals ▪ All key approvals received ➢ Contracts ▪ Camp construction completed and commissioned ▪ Underground mining services ten
Slide 16: Galaxy - Opening Up a New Underground Ore Source
GALAXY - OPENING UP A NEW UNDERGROUND ORE SOURCE For personal use only . ➢ Historic area mined by Ramelius 2012 – 2018 upon re-start ➢ Opportunity identified for early access compared to Eridanus UG ➢ Access existing Hill 50 decline & run separate declines to Mars & Saturn orebodies ➢ Banded Iron Fo
Slide 17: Edna May - Up to 500K Ounce Potential Within Staged Open Pit
EDNA MAY - UP TO 500K OUNCE POTENTIAL WITHIN STAGE 3 OPEN PIT ➢ Current Mineral Resources1 For personal use only . ▪ 31Mt @ 1.1g/t for 1.0Moz (overall resource) ▪ 490kt @ 4.5g/t for 72koz (included high grade lodes) ➢ Scoping Study (January 2021) results include2 ▪ 16.5Mt @ 0.82g/t for 434koz mined
Slide 18: Tampia - Production Commenced on Schedule
TAMPIA - PRODUCTION COMMENCED ON SCHEDULE For personal use only . ➢ Edna May Plant ▪ Oxide & transitional ore being treated at high throughput ➢ Access/Approvals ▪ Land Access – 10% minority interest & land purchased# ➢ Narembeen Accommodation Camp ▪ 100-person Camp, positive impact on local busines
Slide 19: Marda - Expanding Out from the Central Pits
MARDA – EXPANDING OUT FROM THE CENTRAL PITS ➢ Located 170km by road from the Edna May For personal use only processing plant ➢ Mineral Resource - 4Mt @ 1.8g/t for 230koz1 ➢ Ore Reserve - 1.6Mt @ 1.9g/t for 100koz1 ➢ Conversion of Marda north resources (100koz) currently a priority: ▪ Die Hardy 1.3Mt
Slide 20: Sources of Future Growth
For personal use only SOURCES OF FUTURE GROWTH ANNUAL GENERAL MEETING - NOVEMBER 2021 16
Slide 21: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES# Site Study Description Est. Completion For personal use only . Mt Magnet Morning Star underground: Scoping Study to convert a % of ~80koz Mineral Resource 31 December 2021 Mt Magnet Galaxy (Saturn & Mars) underground: complete Pre-Feasibility Study 31 Janu
Slide 22: Inorganic Growth - A History of Adding Value
INORGANIC GROWTH - A HISTORY OF ADDING VALUE* For personal use only ➢ Track record of generating positive (net) cash flow from new projects ➢ Marda now in production (447kt ore stockpile, ~A$33M in free cf.) ➢ Tampia commenced production ➢ Penny capital program, portion brought forward from FY22 int
Slide 23: Ramelius - Well Positioned Going into 2022
RAMELIUS - WELL POSITIONED GOING INTO 2022 For personal use only Proven management team adept in development & operation of open pit Operational Excellence and underground mines Strong balance sheet, disciplined approach with a focus on both growth Balance Sheet & Use of Capital aspirations and shar
Slide 24: Thank You
THANK YOU For personal use only Ramelius Resources Limited ASX Code: RMS Level 1, 130 Royal Street East Perth WA 6004 Authorised for release to the ASX by the Managing Director. For further information contact: Investor enquiries: Media enquiries: Mark Zeptner Tim Manners Jason Marocchi Managing Dir
Slide 25: Appendix - Forward Sales Peer Comparison
APPENDIX - FORWARD SALES PEER COMPARISON1 For personal use only 1As per RMS Quarterly Report dated 21 Oct 2021; DCN Quarterly Report dated 29 Oct 2021; SBM Quarterly Report dated 25 Oct 2021; SLR Quarterly Report dated 19 Oct 2021; GOR Quarterly Report dated 27 Oct 2021; WGX Quarterly Report dated 2
Ramelius Resources — Shareholder Meeting (November 2021) on 6ix