Ramelius Resources Limited · ASX:RMS

Ramelius Resources — Investor Presentation (May 2011)

26 slides from Ramelius Resources's investor presentation, May 10, 2011

1. Slide 1: Ramelius Resources Limited Investor Presentation May 2011

   For personal use only Ramelius Resources Limited Investor Presentation May 2011 ASX:RMS 1

2. Slide 2: Disclaimer

   For personal use only DISCLAIMER This presentation contains certain forward looking statements with respect to Ramelius ’ financial condition, results of operations and other matters that are subject to various risks and uncertainties. Actual results, performance or achievements could be significant

3. Slide 3: Company Overview

   Company Overview For personal use only Corporate Details Share Price History ASX Code: RMS Ordinary Shares on Issue: 291M Market Capitalisation: A$352M 12 month share price range: $0.405-1.60 Cash and Gold on Hand: A$90M Current Debt: Nil Enterprise Value: A$260M Directors Major Shareholders Robert

4. Slide 4: Company Highlights

   Company Highlights For personal use only  Wattle Dam Gold Mine (WA) - High grade gold production - Total costs of less than A$500 per oz - Mine life extended to 2013 - Open at depth  Mt Magnet Gold project (WA) - Historic production of 5.6M oz Au - JORC Resources of 3.3M oz - Production of 520,000

5. Slide 5: Achievements in FY 2010/11

   Achievements in FY 2010/11 For personal use only  Record breaking low cost production   Expected production of +90,000 oz of gold   Cash costs of less than A$500 per ounce   Net Profit of A$32m for 6mths to December 10   Capital Return and dividend totalling of 7 cps   New + 2.5 year mine

6. Slide 6: High Margin Gold Producer

   High Margin Gold Producer For personal use only  Current operating margin of +A$1000 per ounce  Margin of ~A$800 per ounce including Mt Magnet Cash Margin A$ Oz 1-4 1200 1000 800 600 400 200 0 RMS - IGR RRL RMS SLR SAR CQT FML RMS - CAH NGF WD WD & MM MM 1. Based on March Qtr 2011 cash costs inclu

7. Slide 7: Building Substantial Profits

   Building Substantial Profits For personal use only  Significantly higher profits than other producers  Net profit of A$32m for 6 months to Dec 2010  15 cps returned to shareholders since 2007 40 35 30 25 Net Profit 6mths Dec 10 20 Net Profit FY10 15 Net Profit FY 2009 10 5 0 RMS SLR SAR FML CAH N

8. Slide 8: Targeting Production of 230,000 Oz p.a.

   Targeting Production of 230,000 Oz p.a. For personal use only  Estimated production of 90,000 oz in 2010/11  Targeting production of 230,000 oz by 2013/14 1-4 250000 200000 150000 Mt Magnet 100000 Wattle Dam 50000 0 2010/11 2011/12 2012/13 2013/14 1. Pending Exploration Success 2. Targets only (re

9. Slide 9: Project Locations

   Project Locations For personal use only  Located in stable well serviced mining centres 9

10. Slide 10: Wattle Dam Underground Mine

    Wattle Dam Underground Mine For personal use only 10

11. Slide 11: Wattle Dam – Cash Generation

    Wattle Dam – Cash Generation For personal use only  Australia’s highest grade gold mine (+20 g/t Au)  Estimated production of +90,000 oz in FY2010/11  Cash cost of ~A$300-400 per ounce (incl. royalties)  Consistent production of +20,000 oz per quarter  Mine cash flow of A$15-$25m per quarter 

12. Slide 12: Wattle Dam Deep Drilling

    Wattle Dam Deep Drilling For personal use only deeper holes  Exceptional New Visible Gold high results in 5.5m @ 148 g/t Block D 2m @ 408 g/t  New drill Decline position being 1m @ 6.5 g/t Au established 17m @ 11.2 g/t Au  Visible gold in 25m @ 60.7 g/t new Block C 34m @ 48g/t drill hole 15m @ 8m

13. Slide 13: Wattle Dam Mine Plan

    Wattle Dam Mine Plan For personal use only Open Pit  Mine Plan has been extended to Dec 2013 Mined +25 g/t  Mining in Blocks B, C & D Mining ~20 g/t  Most capital development in High Un-mined Grade place by Nov Zone 2011  Block D expected Un-mined to perform in line with Blocks A & B  Open at d

14. Slide 14: Burbanks Gold Treatment Plant (WA)

    For personal use only Burbanks Gold Treatment Plant (WA) 14

15. Slide 15: Burbanks Gold Plant (WA)

    Burbanks Gold Plant (WA) For personal use only  Milled 135,000 t of Wattle Dam Ore at 21g/t gold in 2010  91,700 ounces of gold recovered in 2010  Installed new Knelson concentrator and Acacia Reactor for high gravity gold  Recoveries of 97% of gold in ore for the 2010 year  No significant capi

16. Slide 16: Mt Magnet Gold Project (WA)

    Mt Magnet Gold Project (WA) For personal use only  Significant past gold producer ~ 5.6M oz  3.3M oz of gold resources (estimated June 2010)  New Mine Plan of 520,000 oz over 6 years  All open pit with demonstrated & robust ore-bodies  New study on Big Pit (A$1300 oz) scenario underway  Potent

17. Slide 17: Mt Magnet Mine Plan

    Mt Magnet Mine Plan For personal use only  520,000 oz open pit production over 6 years  Pits optimised at A$1150 oz gold price  Average production of 86,000 oz p.a.  Cash flow of A$187m after capital costs  Capital cost of A$28m including plant and camp  Plant and camp refurbishment underway 

18. Slide 18: Mt Magnet Plant

    Mt Magnet Plant  1.7mtpa capacity expandable to 2.4mtpa For personal use only  $14m refurbishment program commenced 18

19. Slide 19: Mt Magnet Galaxy

    Mt Magnet Galaxy  Wide intersections demonstrate robust ore zones For personal use only  Potential for underground with high grade ore 19

20. Slide 20: Mt Magnet Upside – Galaxy Deeps

    Mt Magnet Upside – Galaxy Deeps  High grade intersections at depth For personal use only  800m of strike untested 20

21. Slide 21: Exploration QLD (earning 60%)

    Exploration QLD (earning 60%) For personal use only  Mt Windsor JV – World Class Gold District  New targets to be drilled in 2011 21

22. Slide 22: Exploration Nevada (earning 70%)

    Exploration Nevada (earning 70%)* For personal use only  World class gold district  Two new JV’s with Miranda Gold Corp  Big Blue targeting Carlin style sediment hosted gold  Angel Wing targeting high grade veins (epithermal)  Drilling at Angel Wing intersects vein and low grade gold *Marmota m

23. Slide 23: Glen Isla JV NSW (earning 75%)

    Glen Isla JV NSW (earning 75%)  Located in world class Lachlan Fold Belt For personal use only  Target identified by IP survey in 2010  RC drilling commenced in May 2011 23

24. Slide 24: Why invest in Ramelius?

    Why invest in Ramelius ? For personal use only Operations  Wattle Dam – high grade, low cost and open at depth  Mt Magnet – development underway, low risk Capital Position  Strong profitability and A$90m in cash and gold  Mt Magnet can be funded from cash flows  Consistent shareholders returns

25. Slide 25: Resources and Reserves

    For personal use only RESOURCES AND RESERVES Resources Measured Indicated Inferred Total Project Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t oz ('000s) g/t oz ('000s) g/t oz ('000s) g/t oz Mt Magnet 2,194 2.7 193,000 33,633 2 2,122,000 15,044 2.1 1,030,000 50,871 2 3,345,000 Watt

26. Slide 26: Wattle Dam Gold Project

    WATTLE DAM GOLD PROJECT For personal use only The Information in this report that relates to resources and estimated mine grade at Wattle Dam is based on information compiled by Rob Hutchison. Rob Hutchison is a Member of the Australian Institute of Mining and Metallurgy and has sufficient experienc

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