Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Denver Gold Forum September 2016
26 slides from Ramelius Resources's conference presentation, Sep 20, 2016
Slide 1: The Path to 150,000 ounces pa
For personal use only The Path to 150,000 ounces pa Ramelius Resources Limited Mark Zeptner - Managing Director Denver Gold Forum - September 2016
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’financial condition, results of operations, production targets and other matters that are subject to various risks and uncertainties. Actual results,
Slide 3: FY2016 - Standout year as junior gold producer
FY2016 - Standout year as junior gold producer For personal use only Gold production to 110,839 ounces (2015: 86,653 ounces) 28% Revenue to A$173.7M {US$130M*} (2015: A$130.4M) 33% EBITDA to A$75.6M {US$56.7M} (2015: A$46.9M) 61% Net Profit after Tax to A$27.5M {US$20.6M} (2015: A$16.1M) 71%
Slide 4: Strong capital position - primed for growth
Strong capital position - primed for growth For personal use only Corporate Structure (ASX: RMS) Board Shares on Issue 525M Robert Kennedy Market Cap A$250M (US$188M) Non Executive Chairman (at $0.48 per share, $A:US$ 0.75) Liquidity 30-day 2.7M shares Mark Zeptner Cash & Gold Estimate A$85M (US$64M
Slide 5: Operational Locations - Western Australia
Operational Locations - Western Australia Kathleen Valley Open Pits For personal use only Resource 163koz Reserve 55koz Grade 4.2g/t Life 0.5 year A$854/oz AISC (US$640/oz) Mt Magnet open pits & Mill Mill Capacity 1.7Mtpa Resource 1.8Moz Reserve 268koz Grade 2.1g/t Life 4 years A$1,250/oz AISC (US$9
Slide 6: Production Targets - Year Plan
Production Targets* - 4 Year Plan New 4 Year Plan using primarily Ore Reserves & Indicated Resources (90%) with further extensions to come For personal use only *1,2FY2019 & FY2020 production targets for Mt Magnet & Vivien contain Inferred Resources (10%), refer to slide 24 for further details. Th
Slide 7: Capital Requirements - Year Plan
Capital Requirements - 4 Year Plan As part of the recent capital raise, Milky Way development & exploration to be brought forward For personal use only Project FY2017 FY2018 FY2019 FY2020 Titan open pit A$4.5M Water Tank Hill underground A$11.5M Blackmans open pit A$1M Mt Magnet crusher upgrade A$
Slide 8: Operations
For personal use only Operations
Slide 9: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine For personal use only • Gold discovered 1891, town gazetted 1895 • Production >6Moz • Hill 50 mine (2.1Moz) → Galaxy • Morning Star (1.4Moz) • Operation closed 2007 Ramelius’ history • Galaxy area focus of mining since 2011 • Plant refurbished 2012 • Titan pit starte
Slide 10: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine For personal use only Ramelius Resources Limited • Denver Gold Forum – September 2016 10
Slide 11: Mine Life Extensions - Mt Magnet Gold Mine
Mine Life Extensions - Mt Magnet Gold Mine For personal use only • Gold mineralisation Banded Iron (BIF) hosted (Galaxy, Water Tank Hill) Porphyry hosted (Milky Way) Combination (Morning Star, Boomer) • Underground Resources (*not in the Life of Mine Plan) Saturn (1.6Mt @ 2.5g/t for 127koz)
Slide 12: Mine Life Extension - Water Tank Hill / St George
Mine Life Extension - Water Tank Hill / St George Scheduled for commencement late 2016, underground drilling planned for late 2017 For personal use only Ore Reserve Physicals June 2015 Mine Life 2 years Mineral 105koz Resource Ore Reserve 53koz Grade 5.0 g/t Recovery 92.0% PFS Financials June 2015
Slide 13: Mine Life Extension - Milky Way
Mine Life Extension - Milky Way For personal use only • Large porphyry hosted stockwork vein style deposit • New Resource announced May 2016 (>0.7 g/t) Category Tonnes Grade Ounces Indicated 4,096,000 1.3 165,000 Inferred 1,898,000 1.2 76,000 Total 5,994,000 1.3 241,000 • Additional drilling also co
Slide 14: Mine Life Extension - Porphyry targets
Mine Life Extension - Porphyry targets For personal use only • Exploring for porphyry hosted deposits similar to Milky Way • Resource modelling underway at Stellar West following drill results including; • 19m @ 4.50 g/t Au • 14m @ 3.96 g/t Au • Deeper exploratory drill testing ongoing throughout ba
Slide 15: Operations - Vivien Gold Mine
Operations - Vivien Gold Mine For personal use only Ore Reserve Physicals June 2015 Mine Life 4 years Mineral Resource 184koz Mine Plan 109koz Grade 7.6 g/t Recovery 95.0% Recovered Ounces 104koz BFS Financials June 2015 A$16.3M Up Front Capital (US$12.2M) A$766/oz C1 Cash Cost (US$575/oz) A$120/oz
Slide 16: Operations - Vivien Gold Mine
Operations - Vivien Gold Mine 4 ore drives developed, stoping commenced July 2016, orebody exceeding expectations For personal use only 320 North Ore Drive Face #80 grade – 27.7g/t 300 North Ore Drive Face #21 grade – 28.0g/t Ramelius Resources Limited • Denver Gold Forum – September 2016 16
Slide 17: Mine Life Extension - Vivien Gold Mine
Mine Life Extension - Vivien Gold Mine For personal use only • Upper level (S/P #1) drilling completed Feb 16. Results* included; 3.5m @ 7.6 g/t 2.4m @ 8.9 g/t • Improved resource knowledge gained and evaluation underway Revised Mine Plan end of 2016 • Deeper exploration drilling planned for F
Slide 18: Exploration
For personal use only Exploration
Slide 19: Exploration - Project Locations
Exploration - Project Locations For personal use only Ramelius Resources Limited • Denver Gold Forum – September 2016 19
Slide 20: Exploration - Tanami JV (NT)
Exploration - Tanami JV (NT) → Ramelius 85% • 1,700km2 of highly prospective geology For personal use only • Tychean (ASX: TYK) free carried through to DTM • Strategic land holding within 100km of; Newmont’s +20Moz Callie Gold Mine, and Granites Treatment Plant • Suplejack: >10ppb gold anomaly o
Slide 21: Where is the value in Aussie gold producers?
Where is the value in Aussie gold producers? • RMS well below average EV/Production multiple based on 135,000 ounces in FY17 For personal use only • Discrepancy even larger at 150,000 ounces per annum Australian Gold Producers | FY17 Production Multiples $6,000 $5,000 Production Multiples (A$ per oz
Slide 22: FY2017 Key Focus Areas
FY2017 Key Focus Areas For personal use only • Extensional drilling at Mt Magnet (ongoing) & Vivien (Dec ‘16) Mine-life extensions • Greenfields exploration follow up in the Tanami (Oct ‘16) • Accelerate commencement; Fast-track project Water Tank Hill underground (Oct ’16) development Milky Way
Slide 23: Thank you
Thank you For personal use only Ramelius Resources Limited • Denver Gold Forum – September 2016 23
Slide 24: Production Targets, Mineral Resources & Ore Reserves Note
Production Targets, Mineral Resources & Ore Reserves Note For personal use only For detailed information relating to Mineral Resources and Ore Reserves see ASX release (RMS) 10 Sept 2015, ‘Resources and Reserves Statement’. ¹ Vivien Production Target based on (by ounces) Ore Reserves (55%), Indicate
Slide 25: Mineral Resource Statement
Mineral Resource Statement MINERAL RESOURCES AS AT 30 JUNE 2015 - INCLUSIVE OF RESERVES For personal use only Measured Indicated Inferred Total Resource Deposit For detailed information relating to Mineral Resources Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t Oz ('000s) g/t Oz ('
Slide 26: Ore Reserve Statement
Ore Reserve Statement For personal use only ORE RESERVE STATEMENT AS AT 30 JUNE 2015 Proven Probable Total Reserve Tonnes Au Au Tonnes Au Au Tonnes Au Au For detailed information relating to Ore Reserves see ASX release ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz (RMS) 10 Sept 2015, ‘Resources Gala
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