Ramelius Resources Limited · ASX:RMS

Ramelius Resources — Shareholder Meeting (November 2018)

35 slides from Ramelius Resources's shareholder meeting presentation, Nov 29, 2018

  1. Slide 1: Chairman's Address

    RAMELIUS RESOURCES LIMITED 2018 ANNUAL GENERAL MEETING CHAIRMAN’S ADDRESS For personal use only Ladies and Gentlemen, welcome to the 16th Annual General Meeting of Australian gold miner, Ramelius Resources Limited. It is with some sadness that we meet today without Bob Kennedy, our inaugural Chairma

  2. Slide 2: Chairman's Address (continued)

    Extensions and Shannon Deeps projects intersected very encouraging mineralisation immediately to the south and below the current resource indicating the plunge of the grade lode continues at depth. Encouraging mineralisation results at the Titan Deeps project were also obtained from an RC hole drill

  3. Slide 3: Chairman's Address (continued)

    Secretary who previously also acted as Chief Financial Officer until November 2015, Mr Dom Francese has decided not to relocate to Perth. On behalf of the Board I would like to thank Dom for his service to Ramelius since 2002/03 when he first commenced working with the inaugural Board on the IPO pro

  4. Slide 4: Ramelius Resources Annual General Meeting

    For personal use only Ramelius Resources Limited Mark Zeptner Managing Director ASX:RMS Annual General Meeting 29 November 2018 th ANNUAL GENERAL MEETING - NOVEMBER 2018 1

  5. Slide 5: Qualification

    QUALIFICATION For personal use only Forward Looking Statements Competent Persons Statement This presentation contains certain forward looking The Information in this report that relates to Exploration statements with respect to Ramelius’financial condition, Results, Mineral Resources and Ore Reserve

  6. Slide 6: Explaurum Takeover Offer – Update

    EXPLAURUM TAKEOVER OFFER – UPDATE For personal use only • 10 September 2018 • RMS announced 1 for 4 Off-market takeover offer for Explaurum Ltd (ASX: EXU) • 18 October 2018 • Offer extended to 23 November 2018 • 29 October 2018 • EXU agreed to Strategic Investment from Alkane Resources (ASX: ALK) Ti

  7. Slide 7: FY2018 – Consecutive Years of Record Production

    FY2018 – CONSECUTIVE YEARS OF RECORD PRODUCTION For personal use only Operating Performance 2017 2018 Gold Production 125,488oz  208,118oz Up 66% Revenue A$197.4m  A$341.8m Up 73% EBITDA A$84.7m  A$127.0m Up 50% Net Profit Before Tax A$25.1m  A$45.5m Up 81% ANNUAL GENERAL MEETING - NOVEMBER 2018

  8. Slide 8: FY2018 – Record Production & Financial Returns

    FY2018 – CONSECUTIVE YEARS OF RECORD PRODUCTION & FINANCIAL RETURNS For personal use only Further Strengthened Balance Sheet 2017 2018 Cash and Gold A$89.9m  A$95.5m Up 6% Net Assets A$169.8m  A$202.0m Up 19% Borrowings Nil  Nil no change Operating Cash Flows A$83.4m  $118.9m Up 43% September 20

  9. Slide 9: FY2018 – Consecutive Years of Record Production

    FY2018 – CONSECUTIVE YEARS OF RECORD PRODUCTION For personal use only  Production level well established at +50,000 ounces per Quarter  Consistently achieving Guidance  Target +200,000 ounces per annum ANNUAL GENERAL MEETING - NOVEMBER 2018 6

  10. Slide 10: FY2018 – Consecutive Years of Record Production

    FY2018 – CONSECUTIVE YEARS OF RECORD PRODUCTION For personal use only  AISC margin funds development projects without reducing Cash & Gold balance Includes A$38.4m Acq. of Edna May ANNUAL GENERAL MEETING - NOVEMBER 2018 7

  11. Slide 11: FY2018 – Consecutive Years of Record Production

    FY2018 – CONSECUTIVE YEARS OF RECORD PRODUCTION For personal use only  Better than average performance for gold stocks in FY2018, impacted by a 20% fall in the last 2 months ANNUAL GENERAL MEETING - NOVEMBER 2018 8

  12. Slide 12: FY2018 – Comparison to ASX Gold Index

    FY2018 – CONSECUTIVE YEARS OF RECORD PRODUCTION For personal use only  Comparison to ASX Gold Index (XGD) 80% 70% Share Price Performance 60% Nov-17 to Nov-18 50% 40% % Change 30% 20% XGD 10% 0% RMS -10% -20% Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18

  13. Slide 13: New Dividend Policy

    NEW DIVIDEND POLICY For personal use only  Policy aims to maximise value through regular payments to shareholders, while also ensuring that capital requirements for ongoing operations and growth can be met  Accordingly, Ramelius proposes to pay a minimum dividend of A$0.01 per share per annum, wit

  14. Slide 14: Corporate Summary

    CORPORATE SUMMARY For personal use only Corporate Structure: at 30 September 2018 Share Price Performance Shares on Issue 528.5M $0.70 7 Millions Market Cap A$256M @ $0.485 per share $0.60 6 Cash & Gold A$102.4M $0.50 5 Debt Nil $0.40 4 Enterprise Value A$153.6M $0.30 3 Liquidity 1.2M shares (30 day

  15. Slide 15: Operations – Western Australia

    OPERATIONS – WESTERN AUSTRALIA For personal use only Mt Magnet - mines & mill Vivien underground Mill Capacity Up to 2.0 Mtpa Resource 127 koz Resource 2.25 Moz Reserve 77 koz Reserve 421 koz Grade 6.5 g/t Grade 1.8 g/t AISC ~A$1,000/oz AISC ~A$1,300/oz Edna May - mine & mill Mill Capacity Up to 3.0

  16. Slide 16: Resources and Reserves – Significant Increases from 2017 to 2018

    RESOURCES AND RESERVES – SIGNIFICANT INCREASES FROM 2017 TO 2018 For personal use only  Exploration success and acquisition of Edna May has increased both; Reserve Inventory Change  Mineral Resources; and 800,000  36% increase (after mining depletion) 700,000  Total Mineral Resources of 70.5Mt @

  17. Slide 17: Gold Production – FY2018 Actual and FY2019 Guidance

    GOLD PRODUCTION – FY2018 ACTUAL AND FY2019 GUIDANCE For personal use only  FY2018  Record group production of 208,118oz  AISC of A$1,191/oz  FY2019 Guidance  Gold production of 190,000 – 210,000oz  AISC of A$1,150 – A$1,250/oz  H2 Forecast out with Dec 2018 Quarterly ANNUAL GENERAL MEETING -

  18. Slide 18: Edna May – Stage & Greenfinch Open Pits

    EDNA MAY – STAGE 2 & GREENFINCH OPEN PITS For personal use only STAGE 2 OPEN PIT  Mining completed 26 October 2018 GREENFINCH OPEN PIT (in green)  Approvals processes ongoing  State Govt. - Clearing Permit appeal process commenced  Federal Govt. - Third request for additional information  Ore R

  19. Slide 19: Edna May – Underground Development

    EDNA MAY – UNDERGROUND DEVELOPMENT For personal use only  Low capital cost, high grade production at Edna May to sit alongside potential future developments  Decision based on prudent assessment of mining economics, capital costs and production scheduling options  Resource open at depth with poss

  20. Slide 20: Edna May - Marda Gold Project Acquisition

    EDNA MAY - MARDA GOLD PROJECT ACQUISITION For personal use only  Signed Binding Agreement* to purchase the Marda Project  DOCA approved by Creditors in October 2018  Paid A$2M on 14 September 2018  Balance of A$11M due following Court approval (timing is subject to ASIC and Court availability bu

  21. Slide 21: Edna May – Westonia and Holleton Greenstone Belt Acquisitions

    EDNA MAY – WESTONIA AND HOLLETON GREENSTONE BELT ACQUISITIONS For personal use only  Good potential for exploration drilling news flow, currently drilling at Symes’ Option and Felsteads Find (Nulla South)  Current plan to maintain Aircore & RC drilling throughout FY19  130km of contiguous strike

  22. Slide 22: Mt Magnet – Keeps Delivering New Resources

    MT MAGNET – KEEPS DELIVERING NEW RESOURCES For personal use only  +6Moz gold camp, Ramelius operating since 2011  Galaxy Mine Area  4 open pits complete 2011-2017  Drilling below Titan open pit  Cosmos Mine Area  Milky Way open pit underway  Stellar open pits underway  Shannon open pit under

  23. Slide 23: Mt Magnet – Maiden Shannon Underground Ore Reserve

    MT MAGNET – MAIDEN SHANNON UNDERGROUND ORE RESERVE For personal use only  Updated Mineral Resource  Indicated 480,000 tonnes @ 5.0 g/t Au for 77,000oz  Inferred 290,000 tonnes @ 4.2 g/t Au for 39,000oz  Total 770,000 tonnes @ 4.7 g/t Au for 115,000oz  25% increase on previous  Maiden Undergrou

  24. Slide 24: Mt Magnet – Maiden Hill UG Ore Reserve

    MT MAGNET – MAIDEN HILL 60 UG ORE RESERVE For personal use only  Updated Mineral Resource  Maiden Ore Reserve  Indicated 200,000 tonnes @ 4.4 g/t Au for 28,000oz  209,000 tonnes @ 3.5 g/t Au for 24,000oz  Inferred 160,000 tonnes @ 4.3 g/t Au for 22,000oz  Total 360,000 tonnes @ 3.3 g/t Au for

  25. Slide 25: Mt Magnet – Eridanus Maiden Open Pit Ore Reserve

    MT MAGNET – ERIDANUS MAIDEN OPEN PIT ORE RESERVE For personal use only  Exploring for large, low strip ratio porphyry hosted deposits in the Boogardie Basin  Maiden Mineral Resource  Indicated 2,840,000 tonnes @ 1.3 g/t Au for 123,000oz  Inferred 690,000 tonnes @ 1.1 g/t Au for 23,000oz  Total

  26. Slide 26: Vivien – Excellent Performer, AISC Below A$1,000/oz

    VIVIEN – EXCELLENT PERFORMER, AISC BELOW A$1,000/OZ For personal use only  Consistent producer at 12.5koz per Qtr  Produced 105koz project-to-date  30 June 2018 Ore Reserve  370,000t @ 6.5 g/t Au for 77,000 ounces  ~4,000m of deeper drilling in 2017  Best results included;  5.6m @ 5.20g/t Au

  27. Slide 27: Vivien – Deeper Drill Program H2 FY2019

    VIVIEN – DEEPER DRILL PROGRAM H2 FY2019 (TO 700MBS FOR COST OF $1.5M) For personal use only ANNUAL GENERAL MEETING - NOVEMBER 2018 24

  28. Slide 28: Exploration – Project Locations

    EXPLORATION – PROJECT LOCATIONS For personal use only ANNUAL GENERAL MEETING - NOVEMBER 2018 25

  29. Slide 29: Greenfields Exploration – Farm-in & JV Projects in Nevada (USA)

    GREENFIELDS EXPLORATION – FARM-IN & JV PROJECTS IN NEVADA (USA) For personal use only JUPITER  Farm-in & Joint Venture Agreement with Renaissance Gold Inc.  Ramelius has right to earn up to 75% by spending US$3M over 5 years  Southeast extension of Northern Nevada Rift  2018 drilling campaign co

  30. Slide 30: Where Is the Value in Aussie Gold Producers?

    WHERE IS THE VALUE IN AUSSIE GOLD PRODUCERS? For personal use only ASX-LISTED AUSTRALIAN FOCUSED GOLD PRODUCERS $7,500 $7,000 $6,500 $6,000 $5,500 EV/Production (A$ per oz) $5,000 $4,500 $4,000 $3,500 $3,000 $2,500 $2,000 $1,500 *Based on FY19 guidance $1,000 *MOY production based on CY19 guidance *

  31. Slide 31: FY19 Peer Production Guidance

    FY19 PEER PRODUCTION GUIDANCE For personal use only 1,000 900 800 700 600 Thousands (Oz Au) 500 400 300 200 100 - NST EVN SBM RRL SAR WGX RMS DCN SLR RED DRM BLK GCY MOY ANNUAL GENERAL MEETING - NOVEMBER 2018 28

  32. Slide 32: 2019 Key Focus Areas

    2019 KEY FOCUS AREAS For personal use only Step Change in Reserve Position • $14M exploration program to build on 700koz Ore Reserves • Disciplined acquisition strategy which must be value accretive Operational Excellence • 19 of last 21 Quarters meeting production Guidance • Increasing cash reserve

  33. Slide 33: Thank You

    THANK YOU For personal use only Mt Magnet video ANNUAL GENERAL MEETING - NOVEMBER 2018 30

  34. Slide 34: Mineral Resource Statement

    MINERAL RESOURCE STATEMENT For personal use only MINERAL RESOURCES AS AT 30 JUNE 2018 - INCLUSIVE OF RESERVES For detailed information relating to Mineral Project Deposit Measured Indicated Inferred Total Resource Resources see ASX Release (RMS) 18 Sept 2018, Tonnes Au Au Tonnes Au Au Tonnes Au Au T

  35. Slide 35: Ore Reserve Statement

    ORE RESERVE STATEMENT For personal use only ORE RESERVE STATEMENT AS AT 30 JUNE 2018 For detailed information relating to Ore Reserves see ASX Release (RMS) 18 Sept Proven Probable Total Reserve 2018, ‘Resources and Reserves Statement Project Mine Tonnes Au Au Tonnes Au Au Tonnes Au Au 2018’. kt g/t

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