Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Diggers & Dealers 2015
28 slides from Ramelius Resources's conference presentation, Aug 3, 2015
Slide 1: Ramelius Resources Limited – Diggers & Dealers 2015
For personal use only Ramelius Resources Limited ASX:RMS Diggers & Dealers – 3-5 August 2015
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 risks
Slide 3: Corporate Summary
Corporate Summary For personal use only Capital Structure (as at 30 Jun 15) Board & Management Shares on Issue 469M Robert Kennedy Non Executive Chairman Listed Options (@ 12c expiry Aug 15) 51M Mark Zeptner Market Cap A$54.0M Managing Director Cash & Gold A$36.3M Kevin Lines Non Executive Director
Slide 4: The Investment Case
The Investment Case For personal use only Australia’s next 100koz p.a gold producer Capital Position Operations Upside Ramelius Resources Limited • Diggers and Dealers - August 2015 4
Slide 5: Production Targets - FY2016
Production Targets - FY2016 Utilising Checker gold mill at Mt Magnet (1.7Mtpa capacity) For personal use only Increasing grade & gold production Quarter on Quarter, >100koz run rate from Mar 2016 Qtr FY2016 - Group Production Profile 40,000 3.0 2.7 35,000 2.5 30,000 2.1 1.9 Mossbecker 2.0 25,000
Slide 6: Production Targets - Year Plan
Production Targets - 3 Year Plan* Vivien & Kathleen Valley gold projects commenced Q4 FY2015 For personal use only Combines with Mt Magnet over next 3 years using primarily Ore Reserves (92%) RMS - Group Production Profile 1,250 1,250 140,000 Yellow Aster 1,100 120,000 1,000 Nil Desperandum 1,00
Slide 7: Capital Management - Forward Gold Sales
Capital Management - Forward Gold Sales For personal use only RMS Forward Sales @ A$1,570/oz 2 Year average A$1,440/oz Ramelius Resources Limited • Diggers and Dealers - August 2015 7
Slide 8: Operations & Development Projects
Operations & Development Projects For personal use only Blackmans Gold Project Kathleen Valley Gold Mine Resource Tonnes 490kt Resource 163koz Resource Grade 2.5g/t Reserve 56koz Resource Ounces 39koz Life 1.5 years Capex A$1.5M Mt Magnet Gold Mine AISC A$936/oz Capacity 1.7Mtpa UCF* A$27.8M Resourc
Slide 9: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine For personal use only Focus on Saturn and Mars open pits in FY15 Saturn pit • 190m deep, 210m at base • Remaining grade 1.8g/t • Mined Sep 2011 - Sep 2015 Mars pit • 130m deep, 140m at base • Remaining grade 1.8g/t • Mined Sep 2011 – Aug 2015 Transition to Pe
Slide 10: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine For personal use only Mt Magnet Mt Magnet Milled Tonnes & Head Grade Gold Production & Costs 700,000 2.00 25,000 2,000 SAG mill 22,500 repairs 1,800 Ball mill 600,000 1.80 motor 20,000 1,600 Gold Production (oz) 500,000 1.60 17,500 1,400 Head Grade (g/t) Milled Tonne
Slide 11: Operations - Kathleen Valley Gold Mine
Operations - Kathleen Valley Gold Mine For personal use only 1st Sep 2014 - Acquisition completed Nov 2014 - Infill drilling completed Jan 2015 - Upgraded Mineral Resource: 1,814,000t @ 2.8g/t for 163,000oz⁴ Jan 2015 - Maiden Ore Reserve: 418,000t @ 4.1g/t for 56,000oz⁵ Jun 2015 – Mini
Slide 12: Operations - Kathleen Valley Gold Mine
Operations - Kathleen Valley Gold Mine For personal use only Ore Reserve Physicals January 2015 Mine Life 1.5 years Mineral Resource 163koz4 Ore Reserve 56koz5 Grade 4.1 g/t Recovery 95.0% Recovered Ounces 53koz BFS Financials February 2015 Up Front Capital A$1.5M C1 Cash Cost A$925/oz AISC A$936/oz
Slide 13: Operations - Vivien Gold Mine
Operations - Vivien Gold Mine July 14 - Acquisition & approvals completed For personal use only Oct 14 - Updated BFS, improved financials Mar 15 - Preliminary surface works started May 15 – A$10M facility secured (undrawn) Jun 15 - Decline commenced Nov 15 – First ore mined Jan 16 – Co
Slide 14: Operations - Vivien Gold Mine
Operations - Vivien Gold Mine For personal use only Ore Reserve Physicals June 2014 Mine Life 3 years Mineral Resource 184koz2 Mining Inventory 109koz3 Grade 7.6 g/t Recovery 95.0% Recovered Ounces 104koz Updated BFS Financials Oct 2014 Up Front Capital A$16.3M C1 Cash Cost A$766/oz Royalties A$120/
Slide 15: Operations - Vivien Gold Mine
Operations - Vivien Gold Mine For personal use only Ramelius Resources Limited • Diggers and Dealers - August 2015 15
Slide 16: Development - Blackmans Gold Project
Development - Blackmans Gold Project Sep 14 - Secured 100% of Blackmans ML For personal use only Jan 15 – High grade intersections: 9m at 31.9 g/t Au 25m at 7.61 g/t Au 13m at 8.27 g/t Au Jun 15 - Maiden Resource: 490,000t @ 2.5g/t for 39,000oz Sep 15 – Targeting Maiden Ore Reserve 201
Slide 17: Development - Blackmans Gold Project
Development - Blackmans Gold Project Resource For personal use only Physicals June 2015 Resource Tonnes 490kt Resource Grade 2.5g/t Resource Ounces 39koz Ramelius Resources Limited • Diggers and Dealers - August 2015 17
Slide 18: Exploration - Project Locations
Exploration - Project Locations For personal use only Ramelius Resources Limited • Diggers and Dealers - August 2015 18
Slide 19: Exploration - Mt Magnet (WA)
Exploration - Mt Magnet (WA) Integrated all available geological/geochemical/geophysical datasets For personal use only Produce a detailed 3-D litho-structural model 1,000mbs Includes integrating regional seismic transect data along the Boogardie Road (data source: Geoscience Australia) 3-D
Slide 20: Exploration - Mt Magnet (WA)
Exploration - Mt Magnet (WA) 3-D inversion modelling of gravity & magnetic data For personal use only Potential for large bulk tonnage resource opportunities within felsic porphyry units Including below the historic Milky Way pit Ramelius Resources Limited • Diggers and Dealers - August 2015 2
Slide 21: Exploration - Kathleen Valley (WA)
Exploration - Kathleen Valley (WA) Boris Zone - looking for repetitions at depth / extensions below Mossbecker pit For personal use only Cross section (through Mossbecker) Long section (looking east) Ramelius Resources Limited • Diggers and Dealers - August 2015 21
Slide 22: Exploration - Tanami JV (NT)
Exploration - Tanami JV (NT) For personal use only 1,700km2 of prospective geology Earn-in 85% Tychean (ASX: TYK) Within 100km; Newmont’s 4.5Moz Callie Gold Mine Granites Treatment Plant Highland Rocks ELs grants pending Initial focus has been walk-up drill target over Suplejack EL Ram
Slide 23: Exploration - Tanami JV (NT)
Exploration - Tanami JV (NT) For personal use only RC drilling over Suplejack infilled to 250m centres Plus 10ppb Au interface geochem anomaly sits at base of post mineralising basalt cover (60mbs) Anomaly extends over 2km & remains open to the south within broader fold closure & WNW fault zon
Slide 24: Key Forward Strategy
Key Forward Strategy 1. Focus on capital management For personal use only 2. Profitable operations 3. High margin asset discovery * AISC represents All-In Sustaining Costs as per the World Gold Council guidance Ramelius Resources Limited • Diggers and Dealers - August 2015 24
Slide 25: Thank you
Thank you For personal use only Contact details: Mark Zeptner – Managing Director Phone – +61 8 9202 1127 Email – reception@rameliusresources.com.au Website – www.rameliusresources.com.au Ramelius Resources Limited • Diggers and Dealers - August 2015 25
Slide 26: Production Targets, Mineral Resources & Ore Reserves Note
Production Targets, Mineral Resources & Ore Reserves Note For personal use only ¹ All Mt Magnet Production targets are based on Ore Reserves only. For detailed information relating to Mt Magnet Mineral Resources and Ore Reserves see ASX release (RMS) 3 Sept 2014, ‘Resources and Reserves Statement’.
Slide 27: Mineral Resource Statement
Mineral Resource Statement MINERAL RESOURCES AS AT 30 JUNE 2014 - INCLUSIVE OF RESERVES For detailed information relating to Mt Magnet Mineral For personal use only Measured Indicated Inferred Total Resource Deposit Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au Resources see ASX release (RMS)
Slide 28: Ore Reserve Statement
Ore Reserve Statement ORE RESERVE STATEMENT AS AT 30 JUNE 2014 For personal use only Proven Probable Total Reserve For detailed information relating to Tonnes Au Au Tonnes Au Au Tonnes Au Au Mt Magnet Ore Reserves see ASX ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz release (RMS) 3 Sept 2014, ‘Resou