Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Diggers & Dealers 2017
32 slides from Ramelius Resources's conference presentation, Aug 8, 2017
Slide 1: Ramelius Resources Limited - Diggers & Dealers 2017
For personal use only Ramelius Resources Limited Mark Zeptner - Managing Director Diggers & Dealers - 8th August 2017 ASX:RMS
Slide 2: Qualification: 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: Profitable operations, positioned for growth
Profitable operations, positioned for growth For personal use only • Extensional drilling ongoing at Mt Magnet & Vivien (WA) Mine-life extensions (> 4 Years) • Greenfields exploration follow up at Yandan (Qld) • Actively pursue value adding opportunities Increase production profile (> 200koz) • Cont
Slide 4: Corporate Summary
Corporate Summary For personal use only Corporate Structure: at 30 June 2017 12-Month Share Price Performance (ASX:RMS) Shares on Issue 526M 0.80 100 Millions 0.70 A$242M (US$181M) 80 Closing Price (A$) Market Cap 0.60 @ A$0.46/share 0.50 60 Cash & Gold A$90M (US$67M) 0.40 Volume Debt Nil 0.30 40 En
Slide 5: Operational Locations - Western Australia
Operational Locations - Western Australia For personal use only Mt Magnet - mines & mill Mill Capacity 1.8Mtpa Resource 1.9Moz Reserve 312koz Grade 1.9g/t Life 4 years A$1,250/oz AISC (US$938/oz) Vivien underground Resource 198koz Reserve 123koz Grade 7.3g/t Life 4 years A$990/oz AISC (US$742/oz) Ra
Slide 6: Production Targets - New Year Plan
Production Targets* - New 4 Year Plan New 4 Year Plan using primarily Ore Reserves & Indicated Resources (90%) with further extensions to come For personal use only *Production targets for Mt Magnet & Vivien contain Inferred Resources (10%), refer to slide 30 for further details. There is a low leve
Slide 7: Capital Requirements - New Year Plan
Capital Requirements - New 4 Year Plan For personal use only Milky Way open pit pre-strip commenced start of FY2018, reduced capital from January 2018 Project FY2017 FY2018 FY2019 FY2020 FY2021 FY2022→ Titan open pit A$8.2M Water Tank Hill A$12.9M underground Blackmans open pit A$0.8M Milky Way open
Slide 8: Operations
For personal use only Operations
Slide 9: Operations - Mt Magnet
Operations - Mt Magnet ▪ +6Moz gold camp, RMS since 2011 For personal use only ▪ Titan open pit • 165m final depth (currently at 140m) • Average grade 1.50g/t • Due to finish end of September 2017 ▪ Water Tank Hill underground • Commenced decline rehab June 2016 • Average grade 5g/t • First ore inte
Slide 10: Operations - Galaxy open pits
Operations - Galaxy open pits For personal use only Ramelius Resources Limited • Diggers & Dealers, Kalgoorlie – August 2017 10
Slide 11: Operations - Titan open pit
Operations - Titan open pit For personal use only Ramelius Resources Limited • Diggers & Dealers, Kalgoorlie – August 2017 11
Slide 12: Operations - Water Tank Hill underground
Operations - Water Tank Hill underground ➢ Up-front capital completed, stoping to commence September 2017 Quarter For personal use only Financial Tonnes Head Ounces Quarter Processed Grade Recovered Jun 2017 2,684 7.19 620 Ramelius Resources Limited • Diggers & Dealers, Kalgoorlie – August 2017 12
Slide 13: Operations - Vivien underground
Operations - Vivien underground ➢ Well established at full production rate, purchase price and up-front capital fully recovered For personal use only Financial Tonnes Head Ounces Quarter Processed Grade Recovered Mar 2016 7,571 7.46 1,779 Jun 2016 18,949 9.57 5,653 Sep 2016 32,647 8.22 8,367 Dec 201
Slide 14: Operations - processing & unit costs
Operations – processing & unit costs Milled Tonnes (t) use only Milled Tonnes & Head Grade Gold Production & Costs 700,000 3.00 37,500 2,000 Vivien underground WTH underground 2.75 35,000 SAG mill 1,800 600,000 Kathleen 32,500 repairs Ball mill Valley pits 2.50 30,000 motor 1,600 Saturn & 2.25 500,0
Slide 15: Mine Life Extensions
For personal use only Mine Life Extensions
Slide 16: Mine Life Extensions - Mt Magnet
Mine Life Extensions - Mt Magnet ➢ Currently have an AC & RC drill rig on-site, plan to spend A$8.5M in FY2018 to further extend mine life For personal use only Ramelius Resources Limited • Diggers & Dealers, Kalgoorlie – August 2017 16
Slide 17: Mine Life Extensions - Water Tank Hill underground
Mine Life Extensions - Water Tank Hill underground ➢ Deeper underground drilling planned for late 2017 For personal use only Ore Reserve Physicals June 2016 Mine Life 2 years Resource 105koz Ore Reserve 53koz Grade 5.0 g/t Recovery 92.0% PFS Financials June 2015 Up Front Capital complete C1 Cash Cos
Slide 18: Mine Life Extensions - Morning Star targets
Mine Life Extensions - Morning Star targets ➢ In the process of increasing both open pit Reserves & underground Resources For personal use only Historical Production • Mining ceased in July 2005 (gold price A$550/oz) • Multiple lodes, with geological understanding increasing with additional drilling
Slide 19: Mine Life Extensions - Morning Star open pits
Mine Life Extensions - Morning Star open pits ➢ Significant Mineral Resource (+500koz) at higher grade than is currently being mined For personal use only Primarily RC drilling during FY2017 • 286RC & 82AC holes drilled for 50,688m N Previous open pit Mineral Resource • Mineral Resource - 1,770kt @
Slide 20: Mine Life Extensions - Morning Star Deeps
Mine Life Extensions - Morning Star Deeps Overall Concept For personal use only • Exploration Target of 225-275koz @ 4-6g/t1 ➢ Based on 500ovm between 1,000–1,500mbs ➢ Historical mining rate of 50koz p.a ➢ 1km from processing plant ➢ Excellent ground conditions ➢ Re-entry costs understood (Water Tan
Slide 21: Mine Life Extensions - Shannon
Mine Life Extensions - Shannon ➢ Shannon deposit – underground potential highlighted by recent high grade results For personal use only • Additional RC drilling has displayed high grade intersections down dip from original pit including; ➢ 6m at 14.4 g/t Au from 247m in GXRC0549 ➢ 4m at 6.13 g/t Au
Slide 22: Mine Life Extensions - Porphyry targets
Mine Life Extensions - Porphyry targets ➢ Exploring for large, low strip ratio porphyry hosted deposits in the Boogardie Basin For personal use only • Aircore drilling continues throughout Basin • Up to 20m alluvial cover and 40m depletion • Drilling continues to highlight priority targets below sha
Slide 23: Mine Life Extensions - Vivien
Mine Life Extensions - Vivien ➢ Deeper diamond drilling program – ongoing since May 2017 For personal use only • Bottom drill cuddy (247mRL) • ~4,000m of diamond drilling completed (12 holes) • Deepest results include; ➢ 2.9m @ 4.4g/t from 367.1m ➢ 2.8m @ 3.1g/t from 344.0m ➢ Potential for lode to b
Slide 24: Greenfields Exploration
For personal use only Greenfields Exploration
Slide 25: Exploration - Project Locations
Exploration - Project Locations For personal use only Ramelius Resources Limited • Diggers & Dealers, Kalgoorlie – August 2017 25
Slide 26: Exploration - Yandan (Ramelius 100%)
Exploration – Yandan (Ramelius 100%) For personal use only • Yandan North EPM located 10km north of Yandan mine (>350koz gold) • Initial 3 hole diamond drill program for 829m • Hole YNDD002 intersected 100m downhole (40m true thickness) of highly silica-sulphide altered (semi-massive pyrite) altered
Slide 27: Significantly undervalued gold producer
Significantly undervalued gold producer ➢ RMS well below average EV/Production multiple based on 130,000 ounces in FY18 For personal use only ASX-listed Australian Focused Gold Producers | FY18 Production Multiples $5,000 $4,000 Production Multiples (A$ per oz) $3,000 $2,000 $1,000 $- RRL EVN NST SA
Slide 28: Acquisition Based Growth - Time to deliver
Acquisition Based Growth - Time to deliver For personal use only • A$90M on balance sheet with no debt Solid balance sheet with access to capital • Consistent operational performance, cash generating • Excellent relationships with Debt & Equity providers • Mine operations well understood, freeing up
Slide 29: Thank you - see us at Booth #42
Thank you – see us at Booth #42 For personal use only Ramelius Resources Limited • Diggers & Dealers, Kalgoorlie – August 2017 29
Slide 30: Exploration & Production Targets, Mineral Resources & Ore Reserves Note
Exploration & Production Targets, Mineral Resources & Ore Reserves Note For personal use only * The Group Production Profile is a production target. The target is based on current Probable Ore Reserves (61% ozs), Indicated Mineral Resources (29% ozs) and Inferred Mineral Resources (10% ozs). In resp
Slide 31: Mineral Resource Statement
Mineral Resource Statement MINERAL RESOURCES AS AT 30 JUNE 2016 - INCLUSIVE OF RESERVES For detailed information relating to For personal use only Measured Indicated Inferred Total Resource Mineral Resources see ASX Release (RMS) Deposit Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au 30 Sept 20
Slide 32: Ore Reserve Statement
Ore Reserve Statement ORE RESERVE STATEMENT AS AT 30 JUNE 2016 For personal use only For detailed information relating to Ore Proven Probable Total Reserve Reserves see ASX Release (RMS) 30 Sept Tonnes Au Au Tonnes Au Au Tonnes Au Au 2016, ‘Resources and Reserves Statement 2016’. ('000s) g/t Oz ('00