Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Noosa Mining Conference 2024
18 slides from Ramelius Resources's conference presentation, Jul 18, 2024
Slide 1: Noosa Mining Conference
Ramelius Resources Limited Mark Zeptner Managing Director ASX:RMS Noosa Mining Conference July 2024 NOOSA MINING CONFERENCE • JULY 2024 1 July 2024
Slide 2: Qualification: Forward Looking Statements
QUALIFICATION Forward Looking Statements 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 uncertainties. Actual resu
Slide 3: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance Market Cap1 A$2.23B @ A$1.95 per share FY23 Production 240,996oz @ AISC of A$1,895/oz Cash & Gold2 A$352.5M FY24 Production3 293,033oz @ AISC of A$1,550 - 1,650/oz (expected lower end) Listed Mineral Resources4 7.6Moz at 30 June 2023 (excludes 0.92
Slide 4: Two Production Centres and One Development Project
TWO PRODUCTION CENTRES AND ONE DEVELOPMENT PROJECT ➢ 1) Mt Magnet: ▪ Mt Magnet has produced over 6.5Moz since mining first began in 1891 ▪ 2.0Mt pa mill with both open pit and underground sources within 5km ▪ High grade Penny underground ore trucked 160km to Mt Magnet ▪ High grade Cue project being
Slide 5: A$315.8M Free Cash Flow for FY24
A$315.8M FREE CASH FLOW FOR FY24 - ISN’T THIS WHAT IT’S ALL ABOUT? ➢ FY24 gold production record of 293,033oz1 ➢ FY24 AISC expected at lower end of A$1,550 – 1,650/oz1 ➢ FY24 capital/development expenditure expected to be A$45 - 50M ➢ The result: ▪ Sector leading cash flows ▪ Outstanding balance she
Slide 6: AISC - Delivering on Increased Margins
AISC - DELIVERING ON INCREASED MARGINS, EVEN BETTER THAN PREVIOUSLY FORECAST ➢ Assuming a A$3,500/oz spot gold price, net of hedges ➢ FY24 margin expected to be ~48% over AISC (was 37%) ➢ FY25 margin expected to be ~55% over AISC (was 50%) ➢ Not only relying on higher gold price, reducing AISC below
Slide 7: Value Generating M&A - Return on Investment Scoresheet
VALUE GENERATING M&A - RETURN ON INVESTMENT SCORESHEET ➢ Track record of generating positive (net) cash flow* from new projects ➢ Inventory build-up shown as notional c/flow ▪ Marda: 153kt @ 1.57g/t for 8koz ▪ Tampia: 203kt @ 1.47g/t for 10koz ▪ Symes: 156kt @ 1.67g/t for 8koz ▪ Mt Magnet: 3,336kt @
Slide 8: Mt Magnet - Primary Driver of Free Cash Flow
MT MAGNET - PRIMARY DRIVER OF FREE CASH FLOW, ERIDANUS UPSIDE TO COME Key Hub Metrics Metric From 1 Jan 2024 Total Production +1.5Moz Average Annual ~150koz Production1 AISC2 (first 3.5 years) A$1,350/oz Potential Eridanus open pit with expanded mill4 AISC2 (full Mine Plan) A$1,700/oz Growth Capex3
Slide 9: Mt Magnet - Eridanus Upside
MT MAGNET - ERIDANUS UPSIDE ➢ Eridanus production (included within Mt Magnet Mine Plan1) includes only 269,000 ounces from initial underground option ➢ Updated Mineral Resource Estimate2 of 21Mt at 1.7g/t for 1,200,000 ounces ➢ Updated Mineral Resource includes high grade-zones3 of: ▪ 14m at 6.26g/t
Slide 10: Rebecca / Roe Project
REBECCA / ROE PROJECT NOOSA MINING CONFERENCE • JULY 2024 10
Slide 11: Rebecca / Roe Project - Overview
REBECCA / ROE PROJECT - OVERVIEW ➢ Tier 1 location ▪ ~100-150km from Kalgoorlie, in Australia’s premier gold province ▪ Southern end of the Keith – Kilkenny & Laverton Tectonic Zones ➢ Rebecca ▪ Mineral Resource of 33Mt @ 1.3g/t Au for 1.4Moz* ▪ Rebecca, Duke & Duchess Deposits ➢ Roe ▪ Mineral Resou
Slide 12: Roe Gold Project - Initial Drilling Program Complete
ROE GOLD PROJECT - INITIAL DRILLING PROGRAM COMPLETE ➢ Drilling at Roe complete, awaiting assays and completion of resource model ➢ Some drilling delays experienced through March/April due to wet weather in the region ➢ Updated Roe Mineral Resource expected Aug 2024 ➢ Updated PFS for Rebecca/Roe exp
Slide 13: Mining & Processing Studies Update
MINING & PROCESSING STUDIES UPDATE NOOSA MINING CONFERENCE • JULY 2024 13
Slide 14: Mining/Processing Studies - Key Deliverables for H1 FY25
MINING/PROCESSING STUDIES - KEY DELIVERABLES FOR H1 FY25 Centre Study Description Status / Next Key Date Hill 50 underground: On hold whilst other Mt Magnet .projects are prioritised Cue: Mine commencement June 2024 Bartus: To be included in Mt Magnet mine schedule Penny: Updated mine design integra
Slide 15: Ramelius - Well Positioned for FY25 and Beyond
RAMELIUS - WELL POSITIONED FOR FY25 AND BEYOND Proven management team adept in either greenfields development or Operational Excellence refurbishment & operation of both open pit and underground mines Strong balance sheet, disciplined approach to capital management with a focus Balance Sheet & Use o
Slide 16: Thank You
THANK YOU 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 Darren Millman Luke Forrestal Managing Director Chief Financia
Slide 17: Appendix 1 - 2023 Mineral Resource Statement
APPENDIX 1 - 2023 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral Resources see ASX Releases (RMS) “Resources and Reserves Statement 2023”, 14 September 2023. For updated information related to the Penny deposit, see RMS ASX Release “Penny Gold Mine Update”, 15 September 2023
Slide 18: Appendix 2 - 2023 Ore Reserve Statement
APPENDIX 2 - 2023 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves see ASX Releases (RMS) “Resources and Reserves Statement 2023”, 14 September 2023. The Company confirms that it is not aware of any new information or data that materially affects the information included in th