Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Ord Minnett East Coast Mining Conference 2023
23 slides from Ramelius Resources's conference presentation, Mar 22, 2023
Slide 1: Ramelius Resources Limited – Ord Minnett East Coast Mining Conference
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS Ord Minnett East Coast Mining Conference March 20231 ORD MINNETT EAST COAST MINING CONFERENCE • MARCH 2023
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$977M @ A$1.12 per share FY22 Production 258,625oz @ AISC A$1,523/oz Cash & Gold2 A$154.0M FY23 Guidance3 240,000 – 280,000oz @ AISC of A$1,750 – 1,950/oz Debt2 Nil (Undrawn A$100M facility) Mineral Resources4 6.2
Slide 4: Mission, Values, Strategy and the Essentials
MISSION, VALUES, STRATEGY AND THE ESSENTIALS For personal use only ORD MINNETT EAST COAST MINING CONFERENCE • MARCH 2023 4
Slide 5: FY22 Highlights - Building Our Sustainability Profile
FY22 HIGHLIGHTS - BUILDING OUR SUSTAINABILITY PROFILE For personal use only ORD MINNETT EAST COAST MINING CONFERENCE • MARCH 2023 5
Slide 6: Project Overview - Two Production Centres in Western Australia
PROJECT OVERVIEW - TWO PRODUCTION CENTRES IN WESTERN AUSTRALIA ➢ 1) Mt Magnet: For personal use only ▪ Mt Magnet has produced over 6Moz since mining first began in 1891 ▪ 2.0Mt pa mill with both open pit and underground sources within 5km ▪ High grade Vivien underground mine operated from 2015 to Ja
Slide 7: H1 FY23 Underlying Financial Results
H1 FY23 UNDERLYING FINANCIAL RESULTS For personal use only A$304.8M A$108.6M Revenue Pre-tax cash from operating activities ↑ ↑ 2% on H1 FY22 8% on H1 FY22 A$106.3M A$84.1M Underlying EBITDA1 Invested in Project Development ↑ 34% on H1 FY22 ↑ 67% on H1 FY22 A$32.7M A$154.0M Underlying NPAT1 Cash & g
Slide 8: 3-Year Outlook
3-YEAR OUTLOOK*^ ➢ Includes Ore from: For personal use only ▪ Mt Magnet – Eridanus, Hill 60, Shannon, Galaxy, Vivien & Penny ▪ Edna May – Edna May underground, Tampia, Marda & Symes ➢ Production between 250,000 – 300,000 oz p.a. ➢ AISC declining to A$1,500/oz ➢ Expanding AISC margin assuming flat go
Slide 9: Improving Margins on the Horizon
IMPROVING MARGINS ON THE HORIZON For personal use only ➢ Group gold production FY23 Guidance remains 240 – 280koz at an AISC of A$1,750 – 1,950/oz ➢ Capital & Development expenditure of approximately $59M ➢ AISC expected to reduce as commercial levels of production from Penny are sustained from the
Slide 10: Key Project Updates
For personal use only KEY PROJECT UPDATES ORD MINNETT EAST COAST MINING CONFERENCE • MARCH 2023 10
Slide 11: Penny - Stoping Commenced
PENNY - STOPING COMMENCED ➢ Mineral Resources - 530kt @ 17.2g/t for 290koz1 For personal use only . ➢ Ore Reserve - 490kt @ 15.0g/t for 230koz1 ➢ Stoping commenced on third level, bottom up ➢ Haul road upgrade to Mt Magnet complete ➢ Majority of Vivien management team in place 1See RMS ASX Release “
Slide 12: Mt Magnet: Galaxy (Saturn & Mars) & Hill Undergrounds
MT MAGNET: GALAXY (SATURN & MARS) & HILL 50 UNDERGROUNDS ➢ Galaxy: For personal use only . ▪ Decline rehab progressed down original Hill 50 decline past take-off point for Mars ▪ Initial ore drive in Mars commenced ▪ 5-year mine plan identified initially with extensions likely ▪ Diamond drilling res
Slide 13: Mt Magnet: Bartus - Underground Potential Within 5km of the Mill
MT MAGNET: BARTUS - UNDERGROUND POTENTIAL WITHIN 5KM OF THE MILL ➢ Previous results from recent RC and diamond drilling*: For personal use only ▪ 45.6m at 10.4g/t Au from 328m, inc. 10.4m at 31.9g/t Au from 351m ▪ 41.0m at 7.50g/t Au from 223m, inc. 4.4m at 52.9g/t Au from 234.8m ▪ 5.4m at 8.49/t Au
Slide 14: Edna May: Symes Project
EDNA MAY: SYMES PROJECT ➢ Latest Mineral Resource - 1.4Mt at 1.7g/t for 75koz* For personal use only . ➢ Scoping Study completed identified a Production Target of 500-600kt @ 1.8-2.2g/t for 32-40koz* ➢ Moving quickly through permitting to mining *See RMS ASX Release “3 Year Production Outlook & Stud
Slide 15: Rebecca - Resource Upgraded, Exploration Upside to Come
REBECCA - RESOURCE UPGRADED, EXPLORATION UPSIDE TO COME ➢ A proven, regional-scale gold belt & Tier 1 location For personal use only ▪ 150km NE from Kalgoorlie, Australia’s premier gold province ▪ Southern end of the +30Moz Laverton Tectonic Zone ➢ June 2022 Mineral Resource~ ▪ 35,985m of AC, RC & D
Slide 16: Sources of Future Growth
For personal use only SOURCES OF FUTURE GROWTH ORD MINNETT EAST COAST MINING CONFERENCE • MARCH 2023 16
Slide 17: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES#* For personal use only Centre Study Description . Status / Next Key Date Hill 50 underground: Desktop Study complete, Scoping Study complete, assessment March 2023 for conversion of Inferred Resources & Exploration Target Eridanus underground: Pre-Feasibil
Slide 18: Inorganic Growth - Third Production Centre Strategy
INORGANIC GROWTH - THIRD PRODUCTION CENTRE STRATEGY For personal use only Opportunity ➢ Ramelius has two production centres at Mt Magnet & Edna May, currently producing 240-280koz per annum ➢ Strategy has been to acquire a 3rd production centre to add scale, diversity, optionality & growth prospects
Slide 19: Inorganic Growth - Return on Investment a Key Driver
INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER ➢ Track record of generating positive (net) cash For personal use only flow* from new projects ➢ Inventory build up shown as notional cashflow: ▪ Marda: 351kt @ 1.3g/t for 15koz ▪ Tampia: 967kt @ 1.7g/t for 51koz ▪ Penny: 22kt @ 8.4g/t for 6koz ➢
Slide 20: Ramelius - Well Positioned for H2 2023 and Beyond
RAMELIUS - WELL POSITIONED FOR H2 2023 AND BEYOND For personal use only Proven management team adept in either greenfields development or Operational Excellence refurbishment & operation of both open pit and underground mines Strong balance sheet, disciplined approach to capital management with a Ba
Slide 21: Thank You
THANK YOU 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 Dir
Slide 22: Appendix - 2022 Mineral Resource Statement
APPENDIX 1 - 2022 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral For personal use only Resources see ASX Releases (RMS) “Resources and Reserves Statement 2022”, 13 September 2022. The Company confirms that it is not aware of any new information or data that materially affect
Slide 23: Appendix - 2022 Ore Reserve Statement
APPENDIX 2 - 2022 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2022”, 13 September 2022. The Company confirms that it is not aware of any new information or data that materially affects the info
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