Slide 1: Ramelius Resources Limited – RIU Explorers Conference
For personal use only Ramelius Resources Limited Mark Zeptner - Managing Director RIU Explorers Conference – 20th February 2018
Slide 2: Qualification: Forward Looking Statements and Competent Persons Statement
Qualification For personal use only Forward Looking Statements 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: 2018 - Key Focus Areas
2018 - Key Focus Areas For personal use only • Extensional drilling at Mt Magnet, Vivien & Edna May (A$14M) Mine-life extensions • Greenfields exploration follow up in Qld and Nevada (A$1M) • Accelerate project commencement; Shannon underground & Morning Star pit (Mt Magnet) Fast-track project dev
Slide 4: Corporate Summary
Corporate Summary Corporate Structure: at 31 January 2018 Share Price Performance For personal use only Shares on Issue 527M Market Cap A$232M @ $0.44 per share Cash & Gold A$61.8M Debt Nil Enterprise Value A$170M Liquidity 30-day ave. 1.5M shares Production Guidance FY2018 Guidance 200-210,000oz @
Slide 5: Operations - Western Australia
Operations - Western Australia Mt Magnet - mines & mill For personal use only Mill Capacity 1.8Mtpa Resource 1.9Moz Reserve 349koz Grade 1.8g/t Life 4 years AISC A$1,250/oz Vivien underground Resource 198koz Reserve 103koz Grade 7.3g/t Life 3 years AISC A$990/oz Edna May - mine & mill Mill Capacity
Slide 6: Operations - Mt Magnet record tonnage & gold production
Operations - Mt Magnet record tonnage & gold production For personal use only Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2018 6
Slide 7: Operations - Overall production up 64% in FY2018
Operations - Overall production up 64% in FY2018 For personal use only December 2017 Qtr; Record group production 58,012oz @ AISC A$1,146/oz FY2018; Record production forecast of 200-210,000oz AISC of A$1,100-1,200/oz * Shannon open pit brought forward to access potential underground Ramel
Slide 8: Edna May Greenfinch pit
Mine Life extensions - Edna May Greenfinch pit For personal use only Remodelling work carried out Approvals processes commenced Currently scheduled for Sep 2018 Qtr EVN Ore Reserve (Dec 2016) 830,000t @ 1.22g/t for 33koz RMS Ore Reserve by Jun 2018 Qtr No additional drilling required
Slide 9: Edna May Stage 3 vs Underground
Mine Life extensions - Edna May Stage 3 vs Underground Major drilling program underway since For personal use only late October 2017 below Stage 2 open pit Planned from both underground & surface totalling 13,500 metres 45 drill holes completed in Dec 2017 Qtr, including; 6.2m at 5.99 g/t Au
Slide 10: Mt Magnet
Mine Life Extensions - Mt Magnet +6Moz gold camp, RMS since 2011 For personal use only Galaxy Mine Area 4 open pits complete 2011-2017 Drilling below Titan open pit Cosmos Mine Area Milky Way open pit underway Stellar open pits underway Shannon open pit to commence Water Tank Hill
Slide 11: Shannon open pit/underground
Mine Life Extensions - Shannon open pit/underground Shannon open pit brought forward – revised Mineral Resource and Ore Reserve mid-2018 For personal use only Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2018 11
Slide 12: Shannon Extensions
Mine Life Extensions - Shannon Extensions For personal use only • Gold mineralisation is unusual for the Boogardie Basin, being associated with a quartz healed shear, hosted within felsic porphyry, cf more typical stockwork gold seen elsewhere • Drilling along strike and down dip of the proposed pit
Slide 13: Hill
Mine Life Extensions - Hill 60 For personal use only Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2018 13
Slide 14: Hill
Mine Life Extensions - Hill 60 For personal use only Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2018 14
Slide 15: Hill
Mine Life Extensions - Hill 60 Historic underground mining to For personal use only ~90m below surface Band Iron (BIF) hosted lode with good continuity Mineralisation generally near or at the FW contact with mafic or felsic units Excellent potential for access from St George decline Drill
Slide 16: Morning Star targets
Mine Life Extensions - Morning Star targets Opportunity exists to grow current open pit Reserves & underground Resources For personal use only Historical Production • Multiple lodes, with geological understanding increased with additional drilling • Existing pit depth 130mbs, underground 980mbs •
Slide 17: Morning Star open pit
Mine Life Extensions - Morning Star open pit Significant Mineral Resource (+500koz) at higher grade than is currently being mined at Mt Magnet For personal use only RC drill-out occurred FY2017 • 286RC & 82AC holes drilled for 50,688m N Open pit Mineral Resource & Ore Reserve • Mineral Resource -
Slide 18: Morning Star underground
Mine Life Extensions - Morning Star underground Current u/g Mineral Resources For personal use only Morning Star Upper • Nil Resources – New Target • 10m @ 6.56g/t (~80m from decline) Black Cat Deeps • Nil Resources – New Target • 4m @ 2.05g/t (undrilled zone) Morning Star Deeps • 528,000 tonnes @ 4
Slide 19: New Eridanus discovery
Mine Life Extensions - new Eridanus discovery Exploring for large, low strip ratio porphyry hosted deposits in the Boogardie Basin For personal use only • Straddles east-west trending granodiorite and felsic porphyry intrusions, juxtaposed against overthrust ultramafic flows • Gold mineralisation
Slide 20: New Eridanus discovery
Mine Life Extensions - new Eridanus discovery Drilling ongoing with further results awaited For personal use only Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2018 20
Slide 21: Vivien
Mine Life Extensions - Vivien For personal use only • ~4,000m of diamond drilling completed • Best results include; 5.6m @ 5.20g/t from 330.4 in VVDD1064 10.3m @ 9.20g/t from 290.7m in VVDD1067 Potential for lode to re-develop at depth Further deeper drilling planned from surface with more f
Slide 22: Greenfields Exploration
For personal use only Greenfields Exploration
Slide 23: Exploration - Farm-in & JV Projects Nevada (USA)
Exploration - Farm-in & JV Projects Nevada (USA) Jupiter For personal use only • Farm-in & Joint Venture Agreement with Renaissance Gold Inc. Ramelius has right to earn up to 75% by spending US$3M over 5 years Ramelius must spend US$250k in first year before withdrawal 7 RC holes drilled in De
Slide 24: Exploration - Jupiter Farm-in & JV
Exploration - Jupiter Farm-in & JV For personal use only Jupiter • 7 RC holes completed for 1,195m, with results including; 7.62m @ 1.28 g/t Au from 112.78m in JURC0001 19.81m @ 0.16 g/t Au from 65.53m in JURC0006 • Gold anomalism remains open, great start • Follow-up drill testing of deeper fee
Slide 25: Significantly undervalued gold producer
Significantly undervalued gold producer For personal use only Australian Focused Gold Producers | FY18 Production Multiples $6,000 $5,000 Production Multiple ($A per oz) $4,000 $3,000 $2,000 $1,000 $- *Based on FY18 Guidance EVN RRL NST SBM SAR PNR DRM MOY WGX SLR BLK RMS WPG *MOY production based o
Slide 26: Thank you
Thank you For personal use only Ramelius Resources Limited • RIU Explorers Conference, Fremantle – February 2018 26
Slide 27: Exploration Targets, Mineral Resources & Ore Reserves Note
Exploration Targets, Mineral Resources & Ore Reserves Note For personal use only For detailed information relating to Edna May Mineral Resources and Ore Reserves see ASX Release (RMS) 18 September 2017, ‘Ramelius to Acquire the Edna May Gold Mine’ and for Mt Magnet and Vivien Mineral Resources and O