Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Investor Presentation (May 2022)
24 slides from Ramelius Resources's investor presentation, May 10, 2022
Slide 1: An Australian Gold Growth Story
Ramelius Resources Limited For personal use only Mark Zeptner Tim Manners Managing Director Chief Financial Officer ASX:RMS An Australian Gold Growth Story MAY 2022 1 May 2022
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$1.2B @ $1.40 per share FY21 Production3 272,109oz @ AISC A$1,317/oz Cash & Gold2 A$164.7M FY22 Guidance3 260,000 – 265,000oz @ AISC of A$1,475 – 1,525/oz Debt2 Nil Mineral Resources4 5.4Moz at 30 June 2021 Major
Slide 4: Mission, Values, Strategy and the Essentials
MISSION, VALUES, STRATEGY AND THE ESSENTIALS For personal use only MAY 2022 4
Slide 5: Project Overview
PROJECT OVERVIEW ➢ Ramelius has two production centres at Mt Magnet & Edna May For personal use only ➢ Mt Magnet: ▪ Mt Magnet has produced over 6Mozs since mining first began in 1891 ▪ 1.7mtpa mill with both open pit and underground sources within 5km ▪ High grade Vivien underground material being h
Slide 6: Maintaining Margins
MAINTAINING MARGINS ➢ Gold production increased year-on-year by For personal use only 21.5% from FY15 to FY21 ➢ Current guidance sees us at 260-265koz for FY22 ➢ AISC profile now seeing slight rise with cost pressure stemming from inflation & COVID related impacts ➢ Sales / AISC margins still health
Slide 7: Production & Ore Haulage Since WA Border Re-opening
PRODUCTION & ORE HAULAGE SINCE WA BORDER RE-OPENING (3 MARCH)* ➢ Gold produced for March was significantly higher than that For personal use only produced in both Jan and Feb 2022 ➢ Ore tonnes hauled increased by 47% in March (compared to the Jan/Feb ave.) ➢ Return to planned levels of road haulage
Slide 8: Value Accretive Corporate Actions Continues
VALUE ACCRETIVE CORPORATE ACTIONS CONTINUES ➢ Ramelius has acquired Apollo Consolidated (ASX:AOP), owner For personal use only of the Lake Rebecca Gold Project (Rebecca); ▪ Rebecca Mineral Resources of 29.1 Mt @ 1.2 g/t Au for 1.1 Moz 1 ▪ Apollo’s shareholders received an implied Offer price of A$0.
Slide 9: 1.84 Million Ounce Mine Plan
1.84 MILLION OUNCE MINE PLAN# ➢ 27% increase on FY20 Mine Plan For personal use only ➢ In addition to 1.37Moz produced to date from Mt Magnet & Edna May ➢ Mt Magnet production centre ▪ Vivien extended to end of FY23 ▪ Galaxy Underground from FY24 ▪ Eridanus Underground from FY25 ➢ Edna May productio
Slide 10: Key Project Updates
For personal use only KEY PROJECT UPDATES MAY 2022 10
Slide 11: Penny - Portal Fired at One of Australia's Highest Grade Gold Mines
PENNY - PORTAL FIRED AT ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES ➢ Mineral Resource: 620kt @ 15.0g/t for 300koz1 For personal use only . ➢ Ore Reserve: 500kt @ 14.0g/t for 230koz1 ➢ Approvals ▪ All internal & external approvals received ➢ Contracts ▪ Camp constructed and commissioned ▪ Undergroun
Slide 12: Mt Magnet: Galaxy Underground - Extensions Likely
MT MAGNET: GALAXY UNDERGROUND - EXTENSIONS LIKELY AT RECENTLY STARTED PROJECT For personal use only . ➢ Historic area mined by Ramelius 2012 – 2018 upon re-start ➢ Opportunity identified for early access compared to Eridanus UG ➢ Access existing Hill 50 decline & run separate declines to Mars & Satu
Slide 13: Mt Magnet: Hill UG - Progressing to Scoping Study
MT MAGNET: HILL 50 UG - PROGRESSING TO SCOPING STUDY For personal use only . ➢ 2.1Moz mined historically, Mt Magnet’s largest producer ➢ Existing Mineral Resource: 1.6Mt at 6.6g/t Au for 340koz* ➢ Desktop Study positive based on current assumptions ➢ Galaxy Underground will rehabilitate top 400m of
Slide 14: Mt Magnet: Bartus East - Underground Potential Within 5km of the Mill
MT MAGNET: BARTUS EAST - UNDERGROUND POTENTIAL WITHIN 5KM OF THE MILL ➢ Significant results from recent diamond drilling: For personal use only ▪ 57m at 3.94g/t Au from 356m in GXDD0122, including ▪ 13m at 8.05g/t Au from 356m, and ▪ 16.5m at 3.60g/t Au from 379.5m, and ▪ 16m at 3.14g/t Au from 399m
Slide 15: Edna May - Almost Million Ounces in Total Mineral Resource
EDNA MAY - ALMOST 1 MILLION OUNCES IN TOTAL MINERAL RESOURCE ➢ Scoping Study completed 2021 For personal use only . ➢ Mineral Resource update (February 2022)1 ▪ Golden Point: 2.5Mt at 0.9g/t Au for 71koz (up 13%) ▪ High Grade Lodes: 330kt at 5.4g/t Au for 57koz ▪ Total Edna May: 31Mt at 1.0g/t Au fo
Slide 16: Rebecca Gold Project - Exploration Drilling Uncovering Upside
REBECCA GOLD PROJECT - EXPLORATION DRILLING UNCOVERING UPSIDE ➢ A proven, regional-scale gold belt For personal use only & Tier 1 location ▪ 150km north-east from Kalgoorlie, in Australia’s premier gold province ▪ Southern end of the +30Moz Laverton District ▪ Access to first-class regional infrastr
Slide 17: Sources of Future Growth
For personal use only SOURCES OF FUTURE GROWTH MAY 2022 17
Slide 18: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES# Centre Study Description Next Key Date For personal use only . Galaxy (Saturn & Mars) underground: Pre-Feasibility Study, complete project approved COMMENCED Q4 FY22 Hill 50 underground: Desktop Study, complete now moving Scoping Study July 2022 Eridanus u
Slide 19: 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: 485kt @ 1.5g/t for 24koz ▪ Tampia: 550kt @ 1.8g/t for 32koz ➢ Penny UG first ore in e
Slide 20: Inorganic Growth - Third Production Centre Strategy
INORGANIC GROWTH - THIRD PRODUCTION CENTRE STRATEGY Select ASX Gold Producers – FY22 Guidance Gold Production (koz)1 For personal use only Opportunity ➢ Ramelius has two production centres at Mt Magnet & Edna May, currently producing 260-280koz per annum ➢ Strategy has been to acquire a 3rd producti
Slide 21: Ramelius - Well Positioned for 2022 and Beyond
RAMELIUS - WELL POSITIONED FOR 2022 AND BEYOND For personal use only Proven management team adept in development & operation of open pit Operational Excellence and underground mines Strong balance sheet, disciplined approach with a focus on both growth Balance Sheet & Use of Capital aspirations and
Slide 22: Questions?
QUESTIONS? 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 Di
Slide 23: Appendix - 2021 Mineral Resource Statement
APPENDIX 1 - 2021 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral For personal use only Resources see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 10 September 2021. The Company confirms that it is not aware of any new information or data that materially affect
Slide 24: Appendix - 2021 Ore Reserve Statement
APPENDIX 2 - 2021 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 10 September 2021. The Company confirms that it is not aware of any new information or data that materially affects the info
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