Slide 1: Ramelius Resources Limited – Noosa Mining Virtual
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS Noosa Mining Virtual 16 July 20201 NOOSA MINING VIRTUAL • JULY 2020
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: Ramelius Corporate Summary
RAMELIUS CORPORATE SUMMARY Corporate Structure Production Guidance For personal use only Shares on Issue 806M Mineral Resources1 4.10Moz at 30 June 2019 Market Cap2 A$1.6B @ $2.08 per share Ore Reserves 0.84Moz at 30 June 2019 Cash & Gold3 A$185.5M FY 2019 Production 196,679oz @ AISC A$1,192/oz Debt
Slide 4: Ramelius – Spectrum Takeover Continues Growth Path
RAMELIUS – SPECTRUM TAKEOVER CONTINUES GROWTH PATH 90% ownership achieved in <3 months with ✓ For personal use only Compulsory Acquisition process commenced ✓ Acquisition in line with strategy of acquiring quality assets within radius of existing mills ✓ Provides a near-term development project prov
Slide 5: Timeline – Value Accretive Acquisitions
TIMELINE – VALUE ACCRETIVE ACQUISITIONS A$ / share A$ / share For personal use only $2.20 $2.20 $2.00 $2.00 Ramelius Share Price $1.80 $1.80 May 2020 Spectrum Offer Closed $1.60 $1.60 $1.40 $1.40 Feb 2020 Spectrum Takeover Offer Open $1.20 $1.20 $1.00 $1.00 Dec 2019 Commenced Mining Marda $0.80 $0.8
Slide 6: Guidance & Forward Outlook
GUIDANCE & FORWARD OUTLOOK1 ➢ FY2020 all Quarters achieved Guidance For personal use only (26 out of last 28 achieved) ▪ June 2020 Quarter: Record 86,517 ounces ▪ Mount Magnet (incl.Vivien) – 61,161 ounces ▪ Edna May (incl. Marda) – 25,356 ounces ➢ FY2020 Full Year Production ▪ 230,426oz @ AISC A$1,
Slide 7: Ramelius Extends Life of Mine Plan by 34% to 1.45 Million Ounces
RAMELIUS EXTENDS LIFE OF MINE PLAN* BY 34% TO 1.45 MILLION OUNCES For personal use only ✓ FY2020 production guidance upgraded to 225-230,000oz1 ✓ FY2021 production guidance of 260-280,000oz2 (19% growth) ✓ Track record of delivering on production & cost guidance Penny gold project to commence ✓ prod
Slide 8: Extended Life of Mine Plan
EXTENDED LIFE OF MINE PLAN ✓ Mine Plan outlines total production of 1.45Moz primarily across 6 years For personal use only ✓ Average All-in Sustaining Costs (AISC) over life of mine A$1,250-A$1,350/oz ✓ Capital provided for projects including Eridanus, Tampia, Penny, Morning Star & Saturn ✓ Explorat
Slide 9: Comparison of Life of Mine Plans – June 2019 vs June 2020
COMPARISON OF LIFE OF MINE PLANS – JUNE 2019# VS JUNE 2020 For personal use only ▪ 34% growth from previous LOMP ▪ Expanded Stage 2 Eridanus open pit ▪ Preliminary Scoping Study Eridanus u/g ▪ Inclusion of Penny Gold Project PFS #See RMS ASX Release, “Life of Mine and Tampia updates with conference
Slide 10: Mt Magnet Production Centre – Keeps on Delivering
MT MAGNET PRODUCTION CENTRE – KEEPS ON DELIVERING ▪ Mt Magnet keeps delivering with effective exploration For personal use only strategy delivering Reserve replacement ▪ Cosmos Mine Area ▪ Shannon & Hill 60 undergrounds performing well ▪ Eridanus stage 2 cut-back reflecting larger open pit out to FY
Slide 11: Edna May Production Centre – The Parts Are Coming Together
EDNA MAY PRODUCTION CENTRE – THE PARTS ARE COMING TOGETHER ▪ Edna May production centre set to deliver higher margins For personal use only ▪ Edna May Operations ▪ Underground operation up to full production ▪ Greenfinch open pit well underway ▪ Marda Gold Project ▪ Marda Central production well und
Slide 12: Penny Gold Project
For personal use only PENNY GOLD PROJECT NOOSA MINING VIRTUAL • JULY 2020 12
Slide 13: Penny Gold Project – Moving Quickly to Bring into Production
PENNY GOLD PROJECT – MOVING QUICKLY TO BRING INTO PRODUCTION ✓ Acquisition completed (100% ownership) <5 mths For personal use only ✓ Pre-Feasibility Study completed in <3 months ✓ New high-grade Mineral Resources estimate of 620kt @ 15.0 g/t Au for 300,000oz1 ▪ Penny Nth: 420kt @ 20.0g/t for 270,00
Slide 14: Penny Gold Project – PFS Results
PENNY GOLD PROJECT – COMPELLING PFS RESULTS Parameter Unit Pre-Feasibility Study For personal use only . (June 2020) General Start Date (open pit cut-back) Qtr September 2021 Quarter Initial life Yrs 3.8 Mining (open pit) Ore tonnes (high grade) kt 13 Grade g/t 5.1 Contained Gold koz 2 Mining (under
Slide 15: Eridanus Update
For personal use only ERIDANUS UPDATE NOOSA MINING VIRTUAL • JULY 2020 15
Slide 16: Eridanus – 3rd Largest Endowment Area at Mt Magnet
ERIDANUS – 3RD LARGEST ENDOWMENT AREA AT MT MAGNET ➢ Significant Mineral Resource estimate of For personal use only . 12Mt @ 1.3 g/t Au for 490,000oz1 ➢ Stage 2 open pit commenced in June 2020 Qtr, following excellent performance from Stage 1 open pit ➢ Recent diamond drilling returned wider zones o
Slide 17: Eridanus Underground – Preliminary Scoping Study
ERIDANUS UNDERGROUND – PRELIMINARY SCOPING STUDY ➢ Close spaced GC drilling & in-pit mapping For personal use only . has led to a number of sub-vertical quartz lode structures being defined ➢ Eridanus being re-modelled incorporating vein sets in September 2020 Quarter Parameter Unit Preliminary Scop
Slide 18: Further Optimisation
For personal use only FURTHER OPTIMISATION NOOSA MINING VIRTUAL • JULY 2020 18
Slide 19: Mining/Processing Studies & Resource Conversion
MINING/PROCESSING STUDIES & RESOURCE CONVERSION ➢ Mount Magnet For personal use only . ▪ Galaxy (Saturn, Mars, Titan & Hill 50) – underground studies to convert ~470koz of existing mineral resources into the LOMP ▪ Morning Star – underground study to consider ~80koz mineral resource currently at dep
Slide 20: Ramelius Contact Details
RAMELIUS For personal use only Sunrise at Edna May gold mine 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 Manner
Slide 21: 2019 Mineral Resource Statement
2019 MINERAL RESOURCE STATEMENT MINERAL RESOURCES AS AT 30 JUNE 2019 - INCLUSIVE OF RESERVES Project Deposit Measured Indicated Inferred Total Resource For detailed information relating to Mineral For personal use only t g/t oz t g/t oz t g/t oz t g/t oz Galaxy Group 92,000 1.8 5,400 4,100,000 1.6 2
Slide 22: 2019 Ore Reserve Statement
2019 ORE RESERVE STATEMENT ORE RESERVE STATEMENT AS AT 30 JUNE 2019 For detailed information relating to Ore Reserves For personal use only Project Mine Proven Probable Total Reserve see ASX Releases (RMS) “Resources and Reserves t g/t oz t g/t oz t g/t oz Statement 2019”, 10 September 2019, “Vivien