Slide 1: Rebecca-Roe Gold Project PFS Results
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS Rebecca-Roe Gold Project PFS Results 1 REBECCA-ROE GOLD PROJECT PFS RESULTS • DECEMBER 2024 DECEMBER 2024 July 2024
Slide 2: PFS Key Highlights
PFS KEY HIGHLIGHTS* Parameter Unit Pre-Feasibility Study (December 2024) ➢ After tax net present value (NPV5%) of A$332 million at a base General For personal use only Start date (site establishment) Mth January 2026 case of A$3,500/oz Mining commencement Mth September 2026 Production commencement M
Slide 3: Key Milestones
KEY MILESTONES For personal use only ➢ Definitive Feasibility Study to be completed in July 2025, basis of Final Investment Decision ➢ Underground Ore Reserves published in July 2025 ➢ Rebecca Environmental Protection Act Part V expected in June 2026 ➢ Rebecca mining commencement September 2026 ➢ Pl
Slide 4: Location & Mineral Resources
LOCATION & MINERAL RESOURCES* For personal use only REBECCA Indicated Inferred Total Tonnes Tonnes Ounces Tonnes Ounces Deposit Grade Ounces (Koz) Grade Grade (Mt) (Mt) (Koz) (Mt) (Koz) Rebecca 17.0 1.5 820 3.1 1.4 140 20.0 1.5 960 Duchess 7.3 0.9 220 2.4 0.9 72 9.7 0.9 290 Duke 2.0 1.1 73 0.7 1.1 2
Slide 5: Roe Underground: Bombora Underground Resource Conversion Plans
ROE UNDERGROUND BOMBORA UNDERGROUND RESOURCE CONVERSION PLANS For personal use only ➢ Drilling at Roe complete in July and model updated resulting in additional underground ounces identified for planned production ➢ Completion of geotechnical and hydrology work required before conversion to Ore Rese
Slide 6: Permitting Process
PERMITTING PROCESS SUMMARY OF ENVIRONMENTAL APPROVALS - REBECCA For personal use only Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep 24 25 25 25 25 26 26 26 26 27 27 27 Environmental Protection Act Part V - early works Environmental Protection Act Part V - main project Mining Act - Mining Proposals
Slide 7: Site Layout
SITE LAYOUT ➢ Rebecca will become the new mining hub For personal use only with a new 3Mtpa processing plant ➢ 65km haul road to be constructed between Rebecca and Roe ➢ At Rebecca – 3 open pits ▪ Rebecca ▪ Duke ▪ Duchess ▪ 240 room camp ➢ At Roe – 3 open pits & 1 underground ▪ Bombora (1800, 1100 &
Slide 8: Process Plant Flowsheet
PROCESS PLANT FLOWSHEET For personal use only ➢ Single stage jaw crusher to produce P80 of 140mm ➢ SAG, ball mill & pebble crusher to produce P80 of 75um ➢ Intense Leach Reactor (ILR) ➢ Pre-leach thickener, 2 leach and 6 adsorption tanks ➢ 24-hour total residence time ➢ Separate acid wash and elutio
Slide 9: Process Plant Layout
PROCESS PLANT LAYOUT For personal use only ➢ The Tailings Storage Facility will comprise two-cell paddock storage formed by multi-zoned earthfill embankments ➢ The TSF is designed to store a total of 30Mt of tailings ➢ Power station will be situated adjacent to the Rebecca plant consisting of both s
Slide 10: Gold Production Profile
GOLD PRODUCTION PROFILE Production highlights Unit FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 LOM Open pit mining For personal use only Material moved Kbcm - 12,586 17,292 13,601 8,436 10,385 5,154 3,232 2,122 - - 72,807 Strip ratio (high grade ore) w:o - 118.2 14.5 8.7 16.6 18.6 4.3 13.
Slide 11: Financials | Capital Expenditure
FINANCIALS | CAPITAL EXPENDITURE TOTAL CAPITAL EXPENDITURE (INFRASTRUCTURE & EQUIPMENT) A$M ➢ Total growth capital spend for project of $313M For personal use only with process plant making up $190M of the total ➢ In addition to this a total of $42M sustaining capital expenditure (included within AI
Slide 12: Financials | Unit Costs
FINANCIALS |UNIT COSTS For personal use only REBECCA-ROE GOLD PROJECT PFS RESULTS • DECEMBER 2024 12
Slide 13: Financials | Cash Flow
FINANCIALS |CASH FLOW Financial highlights (@ A$3,500/oz) Unit FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 LOM Cash flow For personal use only Cash flow (pre-tax) $M (29.9) (337.0) 16.3 164.6 222.2 (4.0) 180.6 205.5 84.9 142.0 42.9 688.1 Cash flow (post-tax) $M (29.9) (293.3) 13.6 128.0 1
Slide 14: Exploration & Business Development
EXPLORATION & BUSINESS DEVELOPMENT EXPLORATION For personal use only ➢ Tier 1 location 100-150km from Kalgoorlie, in Australia premier gold province ➢ A$4.5M budgeted for ongoing exploration H2 FY25 ➢ Rebecca ▪ Rebecca & Duchess along strike ▪ Cleo deposit ➢ Roe ▪ North and south of Bombora (anomalo
Slide 15: Definitive Feasibility Study
DEFINITIVE FEASIBILITY STUDY For personal use only Study Definitive Feasibility Study ➢ Board approval to commence Definitive Area + / - 10% accuracy Feasibility Study (DFS) 10% design / engineering ➢ Final Investment Decision targeted for Drilling Sterilise drilling for Camp, Airstrip and Roe waste
Slide 16: Group Production
GROUP PRODUCTION For personal use only ➢ Mt Magnet Mine Plan1 (Mar-24) + Rebecca-Roe PFS Results ➢ 10-year production profile ➢ >220koz pa from FY26 at an AISC below A$2,050/oz ➢ Mt Magnet Mine Plan update, incorporating Eridanus / mill expansion studies, in March 2025 Quarter 1 See RMS ASX Release
Slide 17: Contact Details
CONTACT DETAILS 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 Darren Millman Luke Forrestal Mana
Slide 18: Appendix: Production Target
APPENDIX: PRODUCTION TARGET For detailed information relating to Production Target see ASX Release (RMS) “Rebecca-Roe Gold Project Pre-Feasibility Study”, 12 December 2024. For personal use only The Company confirms that it is not aware of any new information or data that materially affects the info
Slide 19: Appendix: Ore Reserves
APPENDIX: ORE RESERVES For detailed information relating to Ore Reserves see ASX Release (RMS) “Rebecca-Roe Gold Project Pre-Feasibility Study”, 12 December 2024. For personal use only The Company confirms that it is not aware of any new information or data that materially affects the information in