Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Shareholder Meeting (November 2012)
26 slides from Ramelius Resources's shareholder meeting presentation, Nov 29, 2012
Slide 1: Chairman's Address - 2012 Annual General Meeting
RAMELIUS RESOURCES LIMITED 2012 ANNUAL GENERAL MEETING CHAIRMAN’S ADDRESS Ladies and Gentlemen, welcome to the 10th Annual General Meeting of Ramelius Resources Limited as a listed gold producer, developer and explorer. In what has been a year of transition, Ramelius successfully commenced open pit
Slide 2: Chairman's Address (continued)
Ramelius’ cash and gold position at the end of financial year 2012 was an exceptionally sound $60 million and should increase over calendar year 2013. No dividend has been declared so far this year whilst the Mt Magnet operation has been ramped up. The Board will have the opportunity in the forthcom
Slide 3: Annual General Meeting Presentation, 29 November 2012
Ramelius Resources Limited ASX:RMS Annual General Meeting Presentation 29 November 2012
Slide 4: Forward Looking and Competent Persons Statements
Forward Looking and Competent Persons Statements: 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. A
Slide 5: Ramelius Corporate
Ramelius Corporate: Corporate details: Significant shareholders: ASX Code: RMS Sprott: 9% Ordinary shares on issue: 336M Van Eck: 7% Market capitalisation: ~A$168m Paradice: 6% 12 month share price range: $0.385-1.385 Cash and gold on hand: A$55m (Oct 12) Directors: Share price (5 year): Chairman: R
Slide 6: Australian Project Locations
Australian Project Locations: Ramelius Resources Limited • AGM Presentation • November 2012 4
Slide 7: Financial Year 2012 – summary
Financial Year 2012 – summary: Wattle Dam Ore production of 190,000t Gold production of 42,538 oz at 8.13 g/t Au Mt Magnet Completed refurbishment of 1.7 mtpa mill Commenced mining (Sept 11) and milling (Feb 12) First full quarter of gold production by 30 June 2012 Finance Gross profit of $27.4M Net
Slide 8: FY 2013 – a year of transition
FY 2013 – a year of transition: Mt Magnet - ramping up Production increasing in line with guidance (Dec Qtr 15,000oz) Cash costs declining as quarterly production increases Higher grade BIF zones now being accessed Western Queen planned in CY2013 Wattle Dam – winding down Mining completed in October
Slide 9: Wattle Dam production and financial statistics
Wattle Dam production and financial statistics: Total production of 254,000 oz at 11 g/t to the end of June 2012 3 years Lost Time Injury free (exceptional safety performance) Record production of 100,720 oz in FY 2011 Net profits of A$97.4M from 1 July 2006 to 30 June 2012 $33.15M returned to share
Slide 10: Production Plan
Production Plan: Clear plan for production to 2015-16 from Reserves and Indicated Resources Operating cost of $A1,100/oz across Reserves (including stripping costs) Looking to increase Mt Magnet production from underground targets; Mercury Lodes (Mars), Saturn and Water Tank Hill 160,000 140,000 120
Slide 11: Mt Magnet Gold Mine (WA) – current mining
Mt Magnet Gold Mine (WA) – current mining: Titan Pit Saturn Pit Hill 50 Mars Pit Shaft Ramelius Resources Limited • AGM Presentation • November 2012 9
Slide 12: Mt Magnet – processing plant
Mt Magnet – processing plant: Refurbished 1.7Mtpa gold plant – replacement value A$80-100m Can be expanded to 2.4mtpa if additional ore realised Milled 366,000t in Sept quarter (equivalent of 1.5mtpa) Now running at name plate capacity (1.7mtpa) Ramelius Resources Limited • AGM Presentation • Novemb
Slide 13: Mt Magnet – production ramp up
Mt Magnet – production ramp up: December 2012 quarter - production guidance of 15,000 oz FY 2013 - production guidance of 70,000 oz Plan to increase production to 100,000 oz from mid 2013 through: Additional mining from satellite pits (i.e. Western Queen) Exploration success to add further value (i.
Slide 14: Mt Magnet – Western Queen South
Mt Magnet – Western Queen South: Probable Reserve (182,000t @ 3.9 g/t for 23,000 oz) Mining to commence in January 2013 subject to mining approvals Ore to be trucked to Mt Magnet and milled in FY2014 Increases production in FY 2014 to 100,000 oz p.a. Cut-Back Pit to 105m depth Ramelius Resources Lim
Slide 15: Mt Magnet – Water Tank Hill underground potential
Mt Magnet – Water Tank Hill underground potential: Ramelius Resources Limited • AGM Presentation • November 2012 13
Slide 16: Vivien Project (WA) – high grade opportunity
Vivien Project (WA) – high grade opportunity: High grade gold development opportunity located near Agnew (WA) Existing Indicated Resource of 579,000t @ 8.3 g/t for 154,000 oz Drilling & mining studies in 2013 Potential to develop in late 2013 Fits with Ramelius’ existing skill set Low cost capital d
Slide 17: Vivien Project (WA) – high grade opportunity
Vivien Project (WA) – high grade opportunity: Vein style mineralisation with multiple high grade zones Historic production of 110,000 oz Au (~1,000 oz per vertical metre) Open down plunge of high grades (drilling early 2013) Significant true width intersections: Existing Potential Existing Pit Open
Slide 18: Coogee Project (WA) – high grade open pit
Coogee Project (WA) – high grade open pit: High grade open pit (Reserve of 109,000t @ 5.1 g/t for 18,000 oz) Greenfields site with exploration upside within tenement package Close to Ramelius’ Burbanks milling facility Mining to commence in CY 2013 (subject to statutory approvals) Significant Inters
Slide 19: Exploration – focused on value
Exploration – focused on value $10m annual exploration / drilling budget $4.5M for new drilling at Mt Magnet Focus on high grade near term opportunities $2M for new drilling at Vivien Focus at drilling depth extensions $2M for greenfields exploration (QLD & Nevada US) Focus on large gold systems $1.
Slide 20: Exploration – North Queensland (earning 60%)
Exploration – North Queensland (earning 60%): Mt Windsor JV – expanded land package, including Marlow + Qtz Ridge Drill testing epithermal + magnetic targets underway – results awaited Ramelius Resources Limited • AGM Presentation • November 2012 18
Slide 21: Exploration – Nevada US (earning 70%)
Exploration – Nevada US (earning 70%*): JV with Miranda Gold Corp in world class gold province Angel Wing targeting bonanza gold grade epithermal veins: DaVinci Fault – 2 km strike potential Discovered high level epithermal Buried Au-Ag siliceous/breccias 19.8m @ 1.01g/t Au from 222.5m Incl. 9.14m @
Slide 22: Exploration – Nevada (earning 70%)
Exploration – Nevada (earning 70%*): Mineralisation spatially associated with Grass Hollow intrusion, within decalcified + siliceous limestone along base of unconformity with overlying Tertiary conglomerates Mineralisation open in all directions Ramelius Resources Limited • AGM Presentation • Novemb
Slide 23: Summary
Summary Operations Mt Magnet – low risk with potential for expansion Wattle Dam – high grade, low cost Vivien / Coogee – high grade development opportunities Upside Potential Mt Magnet is a large gold system with potential for discovery Vivien project is high grade and open down plunge Greenfields p
Slide 24: Thank you, questions please?
Thank you, questions please?: Ramelius Resources Limited • AGM Presentation • November 2012 22
Slide 25: Resource Statement as at 30 June 2012
Resource Statement: Refer to Resources and Reserves ASX Release dated 27 September 2012 MINERAL RESOURCES AS AT 30 JUNE 2012 – INCLUSIVE OF RESERVES Measured Indicated Inferred Total Resource Deposit Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz ('0
Slide 26: Reserve Statement as at 30 June 2012
Reserve Statement: Refer to Resources and Reserves ASX Release dated 27 September 2012 ORE RESERVE STATEMENT AS AT 30 JUNE 2012 Pit Proven Probable Total Reserve Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz Mt Magnet - Galaxy Pits Saturn 743 1.8 42,000 1,100 1.
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