Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Euroz Hartleys Rottnest Island Conference 2024
20 slides from Ramelius Resources's conference presentation, Mar 12, 2024
Slide 1: Mt Magnet Mine Plan
Ramelius Resources Limited Mark Zeptner Managing Director ASX:RMS Mt Magnet Mine Plan EUROZ HARTLEYS, ROTTNEST ISLAND WA • MARCH 2024 1 12 March 2024
Slide 2: Qualification
QUALIFICATION Forward Looking Statements 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 uncertainties. Actual resu
Slide 3: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance Market Cap1 A$1.78B @ A$1.56 per share FY23 Production2 240,996oz @ AISC of A$1,895/oz Cash & Gold3 A$281.8M FY24 Guidance2 265,000 – 280,000oz @ AISC of A$1,750 - 1,850/oz Debt3 Nil (Undrawn A$100M facility) Mineral Resources4 7.6Moz at 30 June 20
Slide 4: Two Production Centres and One Development Project
TWO PRODUCTION CENTRES AND ONE DEVELOPMENT PROJECT ➢ 1) Mt Magnet: ▪ 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 Penny underground ore trucked 160km to Mt Magnet ▪ High grade Cue project being de
Slide 5: Mt Magnet Hub Mine Plan
MT MAGNET HUB MINE PLAN EUROZ HARTLEYS, ROTTNEST ISLAND WA • MARCH 2024 5
Slide 6: Mt Magnet - A 10 Year Plus Production Profile
MT MAGNET - A 10 YEAR PLUS PRODUCTION PROFILE Key Hub Metrics Metric From 1 Jan 2024 Total Production +1.5Moz Average Annual ~150koz Production1 AISC2 (next 3.5 years) A$1,350/oz AISC2 (full Mine Plan) A$1,700/oz Growth Capex3 A$380M Mine Life +10 Years Upside potential Eridanus Cutback Note: 68koz
Slide 7: Mt Magnet - By Ore Source
MT MAGNET - BY ORE SOURCE Gold Production1 by Ore Source (koz) Note: 68koz in low grade stockpiles remaining at June 2034 1 The Mine Plan contains both a proportion of Inferred Resource (9%) and an Exploration Target (20%). There is a low level of geological confidence associated with Inferred Miner
Slide 8: Mt Magnet - Physicals & Financials
MT MAGNET - PHYSICALS & FINANCIALS 1 H2 FY24 reflects a half-year from Jan-24 to Jun-24 for Mt Magnet only. 2 Processing schedule includes starting stockpile of 2.7Mt @ 0.86g/t for 74koz of contained gold (excluding low grade stockpiles) 3 Operating Costs (column) are the total cash operating costs
Slide 9: Key Ore Sources
KEY ORE SOURCES EUROZ HARTLEYS, ROTTNEST ISLAND WA • MARCH 2024 9
Slide 10: Penny - In Full Production & Mine Plan Extensions Delivered
PENNY - IN FULL PRODUCTION & MINE PLAN EXTENSIONS DELIVERED 30 June 2023 . ➢ Mineral Resources ▪ 430kt at 18.3g/t for 250koz1 ➢ Ore Reserve ▪ 480kt at 14.0g/t for 210koz1 12 March 2024 ➢ Latest Mineral Resource ▪ Total - 380kt at 22g/t for 270koz2 ➢ Production Target ▪ 380kt at 15.9g/t for 194koz2 (
Slide 11: Cue - Commencement in Early FY25
CUE - COMMENCEMENT IN EARLY FY25 ➢ Cue Gold Project – Ramelius Mineral Resource ▪ Open pit 10Mt at 2.0g/t Au for 660,000oz1 ➢ Ramelius mining studies on open pits completed ▪ Open pits - 2.65Mt at 2.9g/t for 246,000oz2 ▪ Underground - 0.48Mt at 4.8g/t for 75,200oz mined1 (Musgrave PFS2) ➢ Permits su
Slide 12: Mt Magnet - Eridanus: Getting Better at Depth
MT MAGNET - ERIDANUS: GETTING BETTER AT DEPTH WITH BOTH OP & UG OPTIONS ➢ Historical pit production (to 31 Dec 2023) ▪ 3.5Mt at 1.42g/t for 160koz ➢ Remaining open pit & stockpiles ▪ 3.8Mt at 1.16g/t for 145koz ➢ Total (original pit) ▪ 7.3Mt at 1.29g/t for 305koz ➢ Underground Option - Production Ta
Slide 13: Mt Magnet - Eridanus: Getting Better at Depth
MT MAGNET - ERIDANUS: GETTING BETTER AT DEPTH WITH BOTH OP & UG OPTIONS ➢ June 2023 Mineral Resources ▪ 18Mt at 1.3g/t Au for 730koz1 ➢ New Exploration Target (in addition to MRE) ▪ 3.2-5.8Mt at 1.2-2.0g/t for 125-225koz2 Open Pit cutback option (not included in Mine Plan) ➢ Optimisation @ A$2,500/o
Slide 14: Mining/Processing Studies - Delivery of Key Milestone at Mt Magnet
MINING/PROCESSING STUDIES1 - DELIVERY OF KEY MILESTONE AT MT MAGNET Centre Study Description Status / Next Key Date Hill 50 underground: On hold whilst other Mt Magnet .projects are prioritised June 2024 Eridanus underground: Pre-Feasibility Study - further drilling completed with grades June 2024 h
Slide 15: Cash Flow – What It's All About
CASH FLOW – WHAT IT’S ALL ABOUT EUROZ HARTLEYS, ROTTNEST ISLAND WA • MARCH 2024 15
Slide 16: Mt Magnet - Project Cash Flows Since 2017
MT MAGNET - PROJECT CASH FLOWS SINCE 2017 ➢ Track record of generating positive (net) cash flow1 from new projects ➢ Inventory build-up shown as notional c/flow ▪ Eridanus: 2.4Mt at 0.85g/t for 67koz ➢ Open pit and underground deposits in both porphyry and banded iron settings ▪ Shannon: high grade
Slide 17: Ramelius - Cash & Gold Balance Since 2015
RAMELIUS - CASH & GOLD BALANCE SINCE 2015 Cash & Gold Cash & Gold growth since FY15 including Net cash & gold balance ($M) 8 March 2024 500.0 ($351M) forecasted FY24 (+$400M) Acquisition of Cue ($19M) 450.0 ➢ Cash outflows/investments ($355M) 400.0 ▪ Acquisitions (cash portion only) KV Royalty Sale
Slide 18: Contact Details
CONTACT DETAILS 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 Luke Forrestal Managing Director Director Ramelius Reso
Slide 19: Appendix 1 - 2023 Mineral Resource Statement
APPENDIX 1 - 2023 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral Resources see ASX Releases (RMS) “Resources and Reserves Statement 2023”, 14 September 2023. For updated information related to the Penny deposit, see RMS ASX Release “Penny Gold Mine Update”, 15 September 2023
Slide 20: Appendix 2 - 2023 Ore Reserve Statement
APPENDIX 2 - 2023 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves see ASX Releases (RMS) “Resources and Reserves Statement 2023”, 14 September 2023. The Company confirms that it is not aware of any new information or data that materially affects the information included in th
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