Ramelius Resources Limited · ASX:RMS

Ramelius Resources — Investor Presentation (March 2010)

19 slides from Ramelius Resources's investor presentation, Mar 2, 2010

1. Slide 1: Ramelius Resources Limited Presentation March 2010

   RAMELIUS For personal use only RESOURCES LIMITED ASX: RMS Presentation | March 2010 Ian Gordon CEO

2. Slide 2: Forward Looking Statements

   For personal use only FORWARD LOOKING STATEMENTS This presentation contains certain forward looking statements with respect to Ramelius’ financial position, results of operations and other matters that are subject to various risks and uncertainties. Actual results, performance or achievements could

3. Slide 3: Corporate Structure

   Corporate Structure For personal use only DIRECTORS: Bob Kennedy Chairman Reg Nelson Non-Executive Director Kevin Lines Non-Executive Director Joe Houldsworth Non Executive Director Ian Gordon Executive Director CEO 3

4. Slide 4: Strategy

   For personal use only Strategy ƒ Build a profitable gold company ƒ Maximise cash flow from Wattle Dam ƒ Significant drilling to extend Wattle Dam mine life ƒ Explore for large >1m oz deposits in known gold belts ƒ Look for quality acquisitions to grow the Company ƒ Focus on increasing long term shar

5. Slide 5: Results Summary

   For personal use only Results Summary ƒ Three years of Net Profits 2007-2009 ƒ Net Profit after tax of A$4.97m in 2008/09 ƒ Production of 16,283 ounces of gold in 2008/09 ƒ Completion of a successful open cut in April 2009 ƒ Commenced underground production December 2009 ƒ Record production in Decem

6. Slide 6: Wattle Dam Underground Mine

   Wattle Dam Underground Mine ƒ For personal use only HWE Mining appointed as underground contractor April 09 ƒ Portal and decline commenced in May 2009 ƒ First ore block development completed end of November 2009 ƒ First development ore processing completed December 2009 ƒ Stoping commenced January 2

7. Slide 7: Stoping Blocks January to March 2010

   Stoping Blocks January to March 2010 ~10,000t per month For personal use only Open Pit 241 RL STOPING FEB-MAR 225 RL STOPING JAN-FEB 205 RL WATTLE DAM UNDERGROUND DEVELOPMENT LOOKING WEST 7

8. Slide 8: Wider Ore Zone

   Ore Zone Wider Ore Zone For personal use only ƒ Underground drilling demonstrates ore zone up to 10m wide ƒ Currently mining the eastern half of this zone ƒ New results in western 241 RL half of the zone increases tonnes and grade ƒ Best ever RC assay of 6770 g/t Au plus many assays over of 1000 g/t

9. Slide 9: Wattle Dam Grades

   Wattle Dam Grades For personal use only ƒ Abundant course gold in ore = grade overcall ƒ December 09 : 15,632t for over 20,000 ounces of gold ƒ Expected grade from sampling was 12.5 g/t ƒ Actual recovered grade was 41 g/t (3.2 x overcall) ƒ Grades will fluctuate with course gold content in individua

10. Slide 10: Significant visible gold in underground ore drives

    Significant visible gold in For personal use only underground ore drives 10

11. Slide 11: Visible Gold

    Visible Gold For personal use only Sediment Face on 225 RL Ore Drive (Cut 6) 11

12. Slide 12: For personal use only

    For personal use only ƒ Ore body has a strike length of 50m with a core of high grade 20-30m in strike by 10m wide ƒ Extensive gold veins in core of high grade zone ƒ Grade difficult to estimate and milling is the only accurate determination 12

13. Slide 13: Wattle Dam Gold Mine Resource Upgrade

    South North Wattle Dam Gold Mine For personal use only 241 Level Resource Upgrade 225 Level 205 Level ƒ Resource upgraded to 226,500 tonnes at 18.0g/t gold for 131,000 ounces ƒ Excludes development and stoping ore mined up to the Au Grade (ppm) end of Feb 10 est. at 25- 30,000 oz ƒ Wider interpreted

14. Slide 14: Wattle Dam Deep Drilling

    Wattle Dam Deep Drilling For personal use only ƒ Deep diamond drilling completed in 2009 ƒ This drilling has defined gold mineralisation and the “mine geology” to a depth of 350m below surface ƒ Target has a small strike extent and requires high density drill pattern due to high nugget gold ƒ Signif

15. Slide 15: Showing Selected High Grade Drill Intersections

    For personal use only 15 Showing Selected High Grade Drill Intersections

16. Slide 16: Exploration

    Exploration For personal use only ƒ Drilling targeting contacts along strike from Wattle Dam ƒ Gravity survey to further define controlling structures ƒ Trial SAM Geophysical survey completed north of Wattle Dam pit to identify prospective sediment horizon Wattle Dam ƒ Drilling underway north and so

17. Slide 17: Where are we now?

    For personal use only Where are we now ? ƒ Strong board with growth strategy focussed on gold ƒ Supportive major shareholders ƒ No debt, cash and gold of approx. A$67m ƒ Milling of high grade stoping ore underway ƒ Resource upgrade delivered ƒ Cash flow positive from December 2009 ƒ No significant c

18. Slide 18: Looking Forward

    For personal use only Looking Forward ƒ Strong cash flows from Wattle Dam into second half 2011 ƒ Substantial drilling at Wattle Dam focussed on extending mine life ƒ Costs will be kept low, with year to date expenditure in line with our low cost strategy and budget ƒ Well positioned for growth with

19. Slide 19: Competent Person Statements

    For personal use only The Information in this report that relates to Exploration Results is based on information compiled by Matthew Svensson. Matthew Svensson is a Member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and

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