Slide 1: Ramelius Takeover Offer for Explaurum Ltd
Ramelius Resources Limited ASX:RMS RAMELIUS TAKEOVER OFFER FOR EXPLAURUM LTD EXPLAURUM EXPLAURUM TAKEOVER 10 SEPTEMBER 20181 TAKEOVER OFFER OFFER • SEPTEMBER • SEPTEMBER 20182018
Slide 2: Qualification
QUALIFICATION Forward Looking Statements Competent Persons Statement This presentation contains certain forward looking statements with The Information in this report that relates to Ramelius Exploration respect to Ramelius ’ financial condition, results of operations, Results, Mineral Resources and
Slide 3: Ramelius – Growth Strategy in Action
RAMELIUS – GROWTH STRATEGY IN ACTION ✓ • Explaurum offer in line with strategy around acquisition of value accretive projects near existing operating mines ✓ • Focus on extension of mine life and maximising value of existing infrastructure ✓ • Strategic acquisitions under active consideration – new
Slide 4: Explaurum Offer – Key Details
EXPLAURUM OFFER – KEY DETAILS Structure • Off-market takeover offer by Ramelius Resources for all the ordinary shares of Explaurum (the “Offer”) • 1 (one) Ramelius share for every 4 (four) Explaurum shares • Values Explaurum at A$0.123 per share1 or a total pro-forma market capitalisation of A$59.2M
Slide 5: Explaurum's Tampia Hill Project
EXPLAURUM’S TAMPIA HILL PROJECT ▪ Ramelius can utilise in-house expertise and capacity to fast track development of Tampia Hill ▪ Strategically located ~130km by road from Edna May, 240km east of Perth ▪ 675koz Resources (11.7Mt at 1.79 g/t Au)¹ ▪ 485koz Reserves (7.2Mt at 2.09 g/t Au)¹ ▪ Supergene
Slide 6: Consolidates Future Group Production Profile and Mine Life
CONSOLIDATES FUTURE GROUP PRODUCTION PROFILE AND MINE LIFE ▪ Tampia adds potentially 5 years mine life Ramelius: 4 Year Production History & Forecast from FY20 onwards for FY19 ▪ Strategic Review to be carried out to deliver best development option including potential use of Edna May mill ▪ 82% incr
Slide 7: Rationale – Strong Alignment and Mutual Shareholder Benefits
RATIONALE – STRONG ALIGNMENT AND MUTUAL SHAREHOLDER BENEFITS • The Offer reduces risks associated with remaining an Explaurum Shareholder, specifically: • Ongoing working capital requirements; • Uncertainty over access to funding & potential for significant shareholder dilution via equity raising; R
Slide 8: Bolsters Reserves and Resources
BOLSTERS RESERVES AND RESOURCES Peer Reserves2 Peer Resources 3.5 12.5 3.0 10.0 2.5 7.5 2.0 Resources (Moz Au) Reserves (Moz Au) 1.5 5.0 1.0 2.5 0.5 0.0 0.0 2Edna May Reserve includes Greenfinch only. The Ore Reserve for the main Edna May deposit is in the process of being updated and it is expected
Slide 9: Timeline
TIMELINE Event Indicative Date Announcement of takeover bid 10 September 2018 Ramelius lodges Bidder's Statement 10 September 2018 Despatch of Bidder's Statement to Explaurum Shareholders Late September 2018 Offer Period opens Late September 2018 Explaurum lodges & despatches Target’s Statement Mid
Slide 10: Thank You
THANK YOU EXPLAURUM TAKEOVER OFFER • SEPTEMBER 2018 10
Slide 11: Mineral Reserves and Resources - Ramelius
MINERAL RESERVES AND RESOURCES - RAMELIUS Ramelius Mineral Resource Estimate Au Grade Contained Au Classification Tonnes ('000s) (g/t) (Oz) Measured 1,700 2.8 148,000 Indicated 46,100 1.6 2,400,000 Inferred 23,000 1.6 1,177,000 Totals 70,000 1.7 3,725,000 Ramelius Ore Reserve Estimate Au Grade Conta
Slide 12: Mineral Reserves and Resources - Explaurum
MINERAL RESERVES AND RESOURCES - EXPLAURUM Explaurum Mineral Resource Estimate Au Grade Contained Au Classification Tonnes ('000s) (g/t) (Oz) Measured - - - Indicated 9,800 1.8 580,000 Inferred 2,000 1.6 90,000 Totals 11,700 1.8 675,000 Explaurum Ore Reserve Estimate Au Grade Contained Au Classifica
Slide 13: Production Targets, Mineral Resources & Ore Reserves Note
PRODUCTION TARGETS, MINERAL RESOURCES & ORE RESERVES NOTE Production Target: FY2019 – Group Production Profile, numbers are a production target. The overall target is based on current Probable Ore Reserves. The Target uses the current mine planning and budgeting methodology. Gold price used is A$1,6