Slide 1: 2026 Financial Year Results Presentation
21 AUGUST 2026 2026 Financial Year Results Presentation
Slide 2: Qualifications & Non-IFRS Financial Information
Qualifications & Non-IFRS Financial Information 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 ri
Slide 3: Delivering on our strategy
Delivering on our strategy Increasing shareholder returns • 6cps fully franked dividend (interim: 3cps6 / final: 3cps7) • A$250M share buy-back program8 announced, A$141.7M in FY26 (57% of total program) Consolidation • Completion of the acquisition of Dalgaranga Gold Mine1 • Agreement to dispose no
Slide 4: Guidance history: achieved for the 6th consecutive year
Guidance history | achieved for the 6th consecutive year Gold Production vs Guidance (Koz) AISC ($/oz) Chart Guidance Title Actual Range Adjusted Guidance Range Guidance Range AISC AISC Adjusted (1) 300 300 1,983 280 280 302 1,895 293 1,840 272 275 259 260 241 270 255 250 205 240 1,583 192 1,523 185
Slide 5: FY26 financial highlights
FY26 | financial highlights UNDERLYING EBITDA UNDERLYING EBITDA MARGIN PER OZ UNDERLYING NPAT A$765.4 million A$4,022/oz or 74% A$319.9 million • Exceptionally strong EBITDA in year of • Record EBITDA per ounce & margin • Higher D&A associated with consolidation and transformation Dalgaranga, Cue, &
Slide 6: FY26 financial highlights: cash
FY26 | financial highlights | cash OPERATING CASH FLOW FREE CASH FLOW UNDERLYING FREE CASH FLOW A$702.1 million A$148.9 million A$393.3 million • Strong operational cash flow benefiting • After income tax payments, exploration • Before income tax and Spartan from gold price & mine development, growt
Slide 7: FY26 key cash flows
FY26 | key cash flows CASH RETURN TO SHAREHOLDERS CAPITAL INVESTMENT FY26 OPERATING CASH FLOW (post-tax use of funds)3 A$255.1 million A$389.2 million • Plus A$38.6 million in dividend • Includes acquisition of Spartan, plant & reinvestment equipment (including site • Includes FY25 final and FY26 in
Slide 8: FY26 balance sheet strength
FY26 | balance sheet strength | fully funded development pipeline WORKING CAPITAL NET ASSETS TOTAL LIQUIDITY A$463.8 million A$3,928 million A$1,150 million • Remains strong after capital investment • Incremental increase due to acquisition • Strong cash holdings plus upsized made and shareholder re
Slide 9: Mt Magnet hub: outstanding progress, going from good to great
Mt Magnet hub | outstanding progress, going from good to great FY26 Paste plant nearing commissioning • PFS and single processing plant option selected taking Mt Magnet up to 5Mtpa • Capital works at Dalgaranga progressing well focus on paste plant and site infrastructure • Increased mining rates at
Slide 10: Rebecca-Roe: our next processing hub
Rebecca-Roe | our next processing hub FY26 The year ahead…. • Rebecca-Roe DFS completed in October 2025 with FID subject to • Obtain Part V Works Approval and relevant licenses Roe environmental approval • Updated 4-Year Production Outlook to FY30 • Native Title Mining Agreement reached with Kakarra
Slide 11: Shareholder returns
Shareholder returns FINAL DIVIDEND SHAREHOLDER RETURNS (A$M) • Fully franked at 3 cents per share (A$56.7M) • Record date of 16 September 2026 • Payment date of 13 October 2026 SHARE BUY-BACKS • A$250M share buyback program was announced on 10 December 20251 • A$141.7M, or 57%, in buy-backs complete
Slide 12: Ramelius' Investment Case
Ramelius’ Investment Case Dividend yield above Sector leading 170% production mid-tier ASX gold cash flows growth producers High margin / free cash flow Pathway to 525koz p.a. by FY30 A$376M dividends last 8 yrs focused business with long life and upside potential through assets (Mt Magnet & Rebecca
Slide 13: Thank you
RAMELIUS RESOURCES LIMITED | ASX Code: RMS Thank you Level 13, 58 Mounts Bay Road, Perth, WA, 6000 Authorised for release to the ASX by the Managing Director INVESTOR ENQUIRIES Mark Zeptner Managing Director Ramelius Resources Limited Ph: +61 8 9202 1127 Brian Massey GM – Investor Relations Ramelius
Slide 14: Appendix: underlying earnings reconciliation
Appendix | underlying earnings reconciliation (A$M) 1414
Slide 15: FY26 mining & production highlights
Appendix | FY26 mining & production highlights ORE TONNES MINED (up 75%) MINED GRADE (down 51%) ORE TONNES MILLED (up 12%) 2.3Mt 2.79g/t 2.0Mt • Increased tonnes from Cue pits • Overperformance in prior year • Mt Magnet mill only weathered zones at Cue • Increased contribution from • New liner desig
Slide 16: FY26 key financials
Appendix | key financials Financial Metric Unit FY26 FY25 Change (%) Statutory earnings reconciliation (A$M) NPAT EBIT EBITDA Earnings Underlying earnings 319.9 437.4 765.4 Gold sold oz 190,261 302,882 down 37% Less: Spartan acquisition costs (133.2) (133.2) (133.2) Realised gold price A$/oz 5,400 3
Slide 17: FY26 Mt Magnet earnings
Appendix | FY26 Mt Magnet earnings Gold production Unit FY26 FY25 Change Operations • In line with Guidance, sixth consecutive year Tonnes milled Kt 2,033 1,808 + 12 % • Prior year benefited from exceptional overperformance in the weathered zones at Cue Milled grade g/t 3.04 4.48 - 32 % Gold product
Slide 18: Reconciliation of cash flow
Appendix | Reconciliation of cash flow Cash flow (A$M) FY26 FY25 FY24 FY23 FY22 Receipts from customers 1,034.0 1,203.2 883.7 630.8 604.2 Payments to suppliers (328.8) (355.8) (434.5) (380.5) (395.4) Interest received 20.2 19.2 11.4 3.1 0.5 Lease payments (23.3) (13.4) (19.2) (28.8) (25.5) Operating
Slide 19: Reconciliation of underlying earnings
Appendix | Reconciliation of underlying earnings Earnings (A$M) FY26 FY25 FY24 FY23 FY22 Statutory NPAT 118.8 474.2 216.6 61.6 12.4 Add back: income tax expense 99.7 196.4 60.4 28.7 10.1 Add / (less): net finance (income) / cost (10.6) (15.9) (8.0) 1.9 2.6 EBIT 207.9 654.7 269.0 92.2 25.1 Add back:
Slide 20: Working capital
Appendix | Working capital Working capital (A$M) FY26 FY25 FY24 FY23 FY22 Cash 608.4 783.7 424.3 251.0 147.8 Gold bullion on hand (at spot) 41.2 26.0 22.4 21.1 25.1 Receivables 9.4 5.5 3.7 2.7 7.2 Current stockpiles & gold in circuit (at cost) 86.0 64.8 89.9 105.4 100.8 Trade payables (242.1) (60.3)
Slide 21: Definitions
Appendix | definitions AISC: All-in Sustaining Cost is calculated in accordance with the World Gold Council Guidance Note on AISC and AIC released on 14 November 2018 AIC: All-in Cost is calculated in accordance with the World Gold Council Guidance Note on AISC and AIC released on 14 November 2018 N
Slide 22: Mineral Resources
Mineral Resources Mineral Resources (Summary) MINERAL RESOURCES AS AT 30 JUNE 2025 - INCLUSIVE OF RESERVES Measured Indicated Inferred Total Resource Project Deposit t g/t oz t g/t oz t g/t oz t g/t oz Open Pit deposits 2,200,000 1.6 110,000 36,000,000 1.5 1,700,000 20,000,000 1.2 780,000 59,000,000
Slide 23: Ore Reserves
Ore Reserves Ore Reserves (Summary) UPDATED ORE RESERVE STATEMENT AS AT 30 JUNE 2025 Project Mine Prov en Probable Total Reserv e t g/t oz t g/t oz t g/t oz Total Open Pit 20,000,000 1.2 780,000 20,000,000 1.2 780,000 Total Underground 3,200,000 2.4 250,000 3,200,000 2.4 250,000 Mt Magnet ROM & LG s