Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Shareholder Meeting (November 2013)
25 slides from Ramelius Resources's shareholder meeting presentation, Nov 28, 2013
Slide 1: Chairman's Address
RAMELIUS RESOURCES LIMITED 2013 ANNUAL GENERAL MEETING CHAIRMAN’S ADDRESS Welcome Ladies and Gentlemen to the 11th Annual General Meeting of Ramelius For personal use only Resources Limited. Ramelius experienced a difficult and challenging year in 2012/13 which generally saw deteriorating economic a
Slide 2: Chairman's Address (continued)
Following the generation of a resource model and optimisation and pit design work during the year, Ramelius also approved mining at our high grade Coogee gold project where development activities commenced in August 2013. This project is located 23 kilometres northeast of Kambalda in Western Austral
Slide 3: Annual General Meeting Presentation 2013
For personal use only Ramelius Resources Limited ASX:RMS Annual General Meeting Presentation 2013
Slide 4: 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 5: Ramelius Corporate
Ramelius Corporate: For personal use only Corporate details: Significant shareholders Oct 13: ASX Code: RMS Sprott: 12.7% Ordinary shares on issue: 364m Dimensional: 2.7% Market capitalisation: ~A$40m Robert Kennedy 2.2% 6 month share price range: $0.10-0.38 Cash on hand: A$32m (Sep 13) Share price
Slide 6: Strategy
Strategy: For personal use only Deliver profitable production in any gold price environment 2013-14 mine plan of 107,500oz at total av. production cost of A$1,200 Increased focus on meeting budgeted site costs Mt Magnet has a minimum four year mine life assuming A$1,350 gold price Development of the
Slide 7: Capital Management
Capital Management: For personal use only Finance Facility agreed with Deutsche Bank for A$16m Funds to be used for the acquisition of the Vivien project and at Mt Magnet Allows the Company to maintain a robust cash balance during this period Vivien drill core from hole VVDD0176 - 2.5m @ 78 g/t Au (
Slide 8: Australian Project Locations
Australian Project Locations: For personal use only Ramelius Resources Limited • AGM Presentation • November 2013 6
Slide 9: Project overview
Project overview: For personal use only Mt Magnet – at full production Mine plan 2013-14 (90,000oz at total av. production cost of A$1,210) Grades now in line with resource model (+1.5 g/t) High grade Western Queen South milling from late Oct 13 Focus is on cost management in 2013/14 Burbanks / Coog
Slide 10: 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 11: 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 12: Mt Magnet Project: Saturn Pit
Mt Magnet Project: For personal use only Saturn Pit Operations in 2013/14 focus 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 year
Slide 13: 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
Slide 14: 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 +50,000t of 4 g/t ore stockpiled for trucking to Mt Magnet WQS Pit Oct 13 Ramelius Resources Limited • AGM Presentation • N
Slide 15: 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 at a total cost of A$1,185 per /oz (incl. capital) Development will be economic wi
Slide 16: 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 Mining study to be completed in 2014 Resource Conceptual Decline Access with 25m mining levels 50m Mine Design for
Slide 17: 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 paid October 2013 and A$4.5m due by 30 June 2014 Open down plunge of high grades Existing Pit Existing Potential Drilling in December Qtr 2013 Open Pit O
Slide 18: Vivien Project – 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 • AGM Presentation • November 2013 16
Slide 19: Vivien Project – high grade drill results
Vivien Project (WA) – high grade drill results: For personal use only Hole VVMDD90 Hole VVDD1005 7M 6.5M@@44.3 30.4g/tg/t Au from 267m Au from 257M Hole VVDD1005 6.5M @ 30.4 g/t Au from 257m Quartz Vein Hole VVMDD72 6.8M @ 17.9 g/t Au from 266m Section at 10450N local grid (no top cut applied) Ramel
Slide 20: Vivien Project – high grade drill results
Vivien Project (WA) – high grade drill results: Drill Hole VVDD1005 – 6.5m @ 30.4 g/t Au from 257m downhole For personal use only Ramelius Resources Limited • AGM Presentation • November 2013 18
Slide 21: 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 Mining commenced in early August 2013 Commenced milling at Burbanks in late October 2013 Over 3,000 oz recovered at 5.5 g/t in ore milled to date Coogee Pit Nov 13 Rame
Slide 22: 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 • AGM
Slide 23: 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 24: 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 25: 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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