Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Investor Presentation (September 2013)
21 slides from Ramelius Resources's investor presentation, Sep 12, 2013
Slide 1: Ramelius Resources Limited Investor Presentation September 2013
For personal use only Ramelius Resources Limited ASX:RMS Investor Presentation September 2013
Slide 2: Forward Looking and Competent Persons Statements
Forward Looking and Competent Persons Statements: 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 risk
Slide 3: Ramelius Corporate
Ramelius Corporate: For personal use only Corporate details: Significant shareholders (Aug 13): ASX Code: RMS Sprott: 6% Ordinary shares on issue: 338m Geologic: 3% Market capitalisation: ~A$66m Dimensional: 3% 6 month share price range: $0.10-0.38 Cash and gold on hand: A$33m (Aug 13) Share price (
Slide 4: Strategy
Strategy: For personal use only Deliver profitable production in any gold price environment 2013-14 mine plan of 107,500oz at total production cost of A$1,200 Grades now in line with reserve estimate Increased focus on meeting budgeted site costs Mt Magnet has a minimum four year mine life assuming
Slide 5: Capital Management
Capital Management: For personal use only 1:4 Entitlements Issue for all eligible shareholders at 18 cents per share Funds will be used for the acquisition and development of the Vivien project Allows the Company to maintain a robust cash balance during this period Vivien drill core from hole VVDD01
Slide 6: Australian Project Locations
Australian Project Locations: For personal use only Ramelius Resources Limited • Investor Presentation • September 2013 6
Slide 7: Project overview
Project overview: For personal use only Mt Magnet – at full production Revised mine plan 2013-14 (90,000oz at total production cost of A$1,210) Grades now in line with resource model (+1.5 g/t) High grade Western Queen South pit commenced in March 2013 Focus will be on cost management in 2013/14 Bur
Slide 8: Production Targets
Production Targets:* For personal use only Clear plan for production to 2016-17 with increasing grade Base case Mt Magnet production of 356,000 oz over 4 years (at A$1,350 Au) Development of Vivien increases total production to 135,000 oz p.a. 140000 120000 100000 80000 Vivien Coogee 60000 Mt Magnet
Slide 9: Mt Magnet Project
Mt Magnet Project: For personal use only 1.7mtpa processing plant readily expandable to 2.4mtpa Pipeline of open pit and potential underground mines with increasing grade: Western Queen South, Boomer and Golden Stream open pits Potential underground mines at Water Tank Hill and Saturn / Mars High gr
Slide 10: Mt Magnet Project: Saturn Pit
Mt Magnet Project: For personal use only Saturn Pit Operations in 2013/14 focussed on Saturn, Mars and Western Queen South pits Production of 90,000 oz of gold in 2013-14 at a total operating cost of A$1,210 / oz Project remains robust at A$1350 gold - producing an average of 90,000 oz p.a. over 4 y
Slide 11: Mt Magnet Project: Operating Plan 2013/14
Mt Magnet Project: Operating Plan 2013/14 (includes Western Queen South) For personal use only Budget Actual Operating Statistics Unit Difference % 2013-14 2012-13 Total Movement BCM (m) 3.4 5.7 -2.3 -40% Ore Processed mt 1.73 1.62 0.11 7% Grade g/t Au 1.76 1.21 0.55 45% Recovery % 92 92 0 0% Gold P
Slide 12: Mt Magnet – Western Queen South
Mt Magnet – Western Queen South: For personal use only Probable Ore Reserve of 182,000t @ 3.9 g/t for 23,000 oz Ore mining commenced Sep 2013 with first ore to mill in Oct 2013 70% of total pit movement has now been completed Ore to Mt Magnet mill in September 2013 Ramelius Resources Limited • Inves
Slide 13: Mt Magnet – Water Tank Hill / St George
Mt Magnet – Water Tank Hill / St George: For personal use only Potential for near term high grade underground production Combined Mineral Resource of 105,000 oz at 5.2 g/t Au near existing decline Reserve of 60,000 oz’s at a total cost of A$1,185 per /oz (incl. capital) Development will be economic
Slide 14: Mt Magnet – Saturn Deeps
Mt Magnet – Saturn Deeps: For personal use only Potential for sub-level cave underground mining (Inferred Resource of 127,000 oz) Infill drilling to upgrade resource has been completed (results pending) Mining study to be completed by the end of 2013 Resource Conceptual Decline Access with 25m minin
Slide 15: Vivien Project (WA) – high grade opportunity
Vivien Project (WA) – high grade opportunity: For personal use only Acquisition from Gold Fields (settlement locked down) Acquisition cost of A$5m by 31 October 2013 and A$4.5m by 30 June 2014 Open down plunge of high grades Existing Pit Existing Potential Drilling planned for December Qtr 2013 Open
Slide 16: Vivien Project (WA) – existing and planned drilling
Vivien Project (WA) – existing and planned drilling: For personal use only True width of drill intersections is approx. 75% Ramelius Resources Limited • Investor Presentation • September 2013 16
Slide 17: Coogee Project (WA) – high grade open pit
Coogee Project (WA) – high grade open pit: For personal use only High grade open pit at a total operating cost of A$1,050 per ounce Plan to mill at Ramelius’ Burbanks milling facility Mining commenced in Aug 2013 with first ore mining in Oct 2013 Coogee Pit Aug 13 Optimised Open Pit Resource Model R
Slide 18: Exploration – new opportunities
Exploration – new opportunities: For personal use only Targeting discovery of incremental high grade ore at Mt Magnet Drilling down plunge extensions at Vivien gold project Looking at new grass roots exploration opportunities 5cm High Grade Quartz Vein in Saturn Pit Ramelius Resources Limited • Inve
Slide 19: Summary – investment case
Summary – investment case: For personal use only Operations Mt Magnet – operating with capital spend completed Coogee – high grade feed to Burbanks plant Vivien – high grade development opportunity Upside Potential Mt Magnet is a large gold system with potential for new discoveries Vivien project is
Slide 20: Mineral Resource Statement
Mineral Resource Statement: Refer to Resources and Reserves ASX Release dated 27 September 2012 MINERAL RESOURCES AS AT 30 JUNE 2013 - INCLUSIVE OF RESERVES Measured Indicated Inferred Total Resource Deposit Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au For personal use only ('000s) g/t Oz ('0
Slide 21: Ore Reserve Statement
Ore Reserve Statement:sources and Reserves ASX Release dated 27 September 2012 ORE RESERVE STATEMENT AS AT 30 JUNE 2013 Proven Probable Total Reserve For personal use only Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz Galaxy Pits Saturn 508 1.9 31,000 635 1.6 32
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