Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Euroz Hartleys Gold Day October 2022
21 slides from Ramelius Resources's conference presentation, Oct 31, 2022
Slide 1: An Australian Gold Growth Story
Ramelius Resources Limited For personal use only Tim Manners Chief Financial Officer ASX:RMS An Australian Gold Growth Story October 2022 EUROZ HARTLEYS GOLD DAY • OCTOBER 2022 1
Slide 2: Forward Looking Statements
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 3: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance For personal use only Market Cap1 A$650M @ A$0.74 per share FY22 Production3 258,625oz @ AISC A$1,523/oz Cash & Gold2 A$177.2M FY23 Guidance3 240,000 – 280,000oz @ AISC of A$1,750 – 1,950/oz Debt2 Nil (Undrawn A$100M facility) Mineral Resources4 6.
Slide 4: Mission, Values, Strategy and the Essentials
MISSION, VALUES, STRATEGY AND THE ESSENTIALS For personal use only EUROZ HARTLEYS GOLD DAY • OCTOBER 2022 4
Slide 5: Project Overview - Two Production Centres in Western Australia
PROJECT OVERVIEW - TWO PRODUCTION CENTRES IN WESTERN AUSTRALIA ➢ 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 Vivien underground ore being hauled since 2016 ▪
Slide 6: September Quarter Highlights
SEPTEMBER QUARTER HIGHLIGHTS# ➢ Safety For personal use only ▪ 13.4% reduction in safety incidents (TRIFR) ▪ Programs beginning to bear fruit ➢ Production ▪ In line with forecast at 61,244ozs at AISC of A$1,930/oz ▪ Upper end of cost guidance; but positive impact of Penny will emerge in H2 ➢ Cash &
Slide 7: Maintaining Margins Through COVID-19
MAINTAINING MARGINS THROUGH COVID-19 For personal use only ➢ Production increased year-on-year by +20% from FY15 to FY21 ➢ FY22 Actual: ▪ 258,625oz at AISC of A$1,523/oz* ➢ AISC profile seeing cost pressures stemming from inflation & COVID related impacts ➢ Sales/AISC margin still healthy at 37% for
Slide 8: Key Project Updates
For personal use only KEY PROJECT UPDATES EUROZ HARTLEYS GOLD DAY • OCTOBER 2022 8
Slide 9: Penny - Starting the First Ore Drive in One of Australia's Highest Grade Gold Mines
PENNY - STARTING THE FIRST ORE DRIVE IN ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES ➢ Mineral Resources - 530kt @ 17.2g/t for 290koz1 For personal use only . ➢ Ore Reserve - 490kt @ 15.0g/t for 230koz1 ➢ Feasibility Study completed October 2020* ▪ AISC of A$633/oz – inflated to A$749/oz current ▪ Up
Slide 10: Mt Magnet: Galaxy (Saturn & Mars) - Extensions Likely
MT MAGNET: GALAXY (SATURN & MARS) - EXTENSIONS LIKELY ➢ Decline rehab progressing well currently ~550m down For personal use only . ➢ 5-year mine plan identified initially with extensions likely ➢ High grade BIF and lower grade bulk breccia mineralization intersected below Saturn mine plan# ▪ 72.9m
Slide 11: Sources of Future Growth
For personal use only SOURCES OF FUTURE GROWTH EUROZ HARTLEYS GOLD DAY • OCTOBER 2022 11
Slide 12: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES# For personal use only Centre Study Description . Next Key Date Hill 50 underground: Desktop Study complete, Scoping Study nearing completion December 2022 Eridanus underground: Pre-Feasibility Study, awaiting further drilling and pit deepening TBA Mt Magne
Slide 13: Mt Magnet: Bartus - Underground Potential Within 5km of the Mill
MT MAGNET: BARTUS - UNDERGROUND POTENTIAL WITHIN 5KM OF THE MILL ➢ Further results from recent RC and diamond drilling*: For personal use only ▪ 45.6m at 10.4g/t Au from 328m, inc. 10.4m at 31.9g/t Au from 351m ▪ 41.0m at 7.50g/t Au from 223m, inc. 4.4m at 52.9g/t Au from 234.8m ▪ 5.4m at 8.49/t Au
Slide 14: Rebecca Project - Resource Upgraded, Exploration Upside to Come
REBECCA PROJECT - RESOURCE UPGRADED, EXPLORATION UPSIDE TO COME ➢ A proven, regional-scale gold belt & Tier 1 location For personal use only ▪ 150km NE from Kalgoorlie, Australia’s premier gold province ▪ Southern end of the +30Moz Laverton Tectonic Zone ➢ Latest Mineral Resource~ ▪ 23,000m (75,000m
Slide 15: Inorganic Growth - Return on Investment a Key Driver
INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER For personal use only ➢ Track record of generating positive (net) cash flow* from new projects ➢ Inventory build up shown in chart as notional cashflow: ▪ Marda: 456kt @ 1.4g/t for 21koz ▪ Tampia: 714kt @ 1.6g/t for 35koz ➢ Penny underground ore h
Slide 16: Inorganic Growth - Third Production Centre Strategy
INORGANIC GROWTH - THIRD PRODUCTION CENTRE STRATEGY For personal use only Opportunity ➢ Ramelius has two production centres at Mt Magnet & Edna May, currently producing 250-280koz per annum ➢ Strategy has been to acquire a 3rd production centre to add scale, diversity, optionality & growth prospects
Slide 17: Ramelius - Well Positioned for FY23 and Beyond
RAMELIUS - WELL POSITIONED FOR FY23 AND BEYOND For personal use only Proven management team adept in either greenfields development or Operational Excellence refurbishment & operation of both open pit and underground mines Strong balance sheet, disciplined approach to capital management with a Balan
Slide 18: 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 Luke Forrestal Managing Dir
Slide 19: Appendix - 2022 Mineral Resource Statement
APPENDIX 1 - 2022 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral For personal use only Resources see ASX Releases (RMS) “Resources and Reserves Statement 2022”, 13 September 2022. The Company confirms that it is not aware of any new information or data that materially affect
Slide 20: Appendix - 2022 Ore Reserve Statement
APPENDIX 2 - 2022 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 13 September 2022. The Company confirms that it is not aware of any new information or data that materially affects the info
Slide 21: Appendix - Production Information from Peer Companies
APPENDIX 3 - PRODUCTION INFORMATION FROM PEER COMPANIES For personal use only Code FY22 Production Date Source NCM 1,956koz 21-Jul-22 June 2022 Quarterly NST 1,561koz 20-Jul-22 June 2022 Quarterly EVN 640koz 21-Jul-22 June 2022 Quarterly RRL 437koz 26-Jul-22 June 2022 Quarterly SBM 281koz 08-Jul-22
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