Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Shareholder Meeting (November 2010)
29 slides from Ramelius Resources's shareholder meeting presentation, Nov 26, 2010
Slide 1: Chairman's Address
RAMELIUS RESOURCES LIMITED 2010 ANNUAL GENERAL MEETING CHAIRMAN’S ADDRESS Ladies and Gentlemen, welcome to the 8th Annual General Meeting of Ramelius For personal use only Resources Limited as a listed company. In the past year Ramelius has established itself as a successful underground miner at its
Slide 2: Chairman's Address (continued)
Mr Ian Gordon, who was recently appointed Managing Director of the company, will shortly provide further details of our exciting plans at Mt Magnet and the importance of the exploration program already carried out on this project. The significance of the Mt Magnet gold project to Ramelius will becom
Slide 3: Competent Person statements
For personal use only The Information in this report that relates to Exploration Results is based on information compiled by Matthew Svensson. Matthew Svensson is a Member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and
Slide 4: Disclaimer
For personal use only DISCLAIMER This presentation contains certain forward looking statements with respect to Ramelius’ financial condition, results of operations and other matters that are subject to various risks and uncertainties. Actual results, performance or achievements could be significantl
Slide 5: Company Overview
Company Overview For personal use only Corporate Details Share Price History ASX Code: RMS Ordinary Shares on Issue: 291M Market Capitalisation: A$260M 12 month share price range: $0.405-0.93 Cash and Gold on Hand: A$75M Current Debt: Nil Enterprise Value: A$185M Directors Major Shareholders Robert
Slide 6: Company Highlights
Company Highlights For personal use only Wattle Dam Gold Mine (WA) - High grade gold production - Total cost of less than A$500 per oz - Recent drilling confirms mine life upside Mt Magnet Gold project (WA) - Historic production of 5.6M oz Au - JORC Resources of 3.3M oz and Reserves of 474,000 o
Slide 7: Achievements since last AGM
Achievements since last AGM... For personal use only Successful development of Wattle Dam u/g mine Record gold production of 60,000 oz in 2009/10 Total costs of less than A$500 per ounce Production of 25,243 oz gold in Sept Qtr 2010 Net Profit of A$20m for 2009/10 year Capital
Slide 8: More value to be added yet!
More value to be added yet! For personal use only Low EV per resource ounce compared to peers Significant value is added as new projects approach production (e.g. Mt Magnet) Australian Gold Producers EV / Resource Ounce A$ $250 $200 $150 $100 $50 $- 6
Slide 9: Conceptual Production Targets
Conceptual Production Targets For personal use only Estimated production of 80,000 oz in 2010/11 Targeting production of 200,000 oz by 2013/14 1-3 Wattle Dam Mt Magnet Oz 250000 200000 150000 100000 50000 0 2010/11 Est. 2011/12 Target 2012/13 Target 2013/14 Target 1. Pending Exploration Success
Slide 10: Project Locations
Project Locations For personal use only Located in stable well serviced mining centres 8
Slide 11: Wattle Dam Underground Mine
For personal use only Wattle Dam Underground Mine 9
Slide 12: Mine Performance
Mine Performance For personal use only Australia’s highest grade gold mine Production of 60,000 oz in 2009 /10 year Production of 85,000 oz to end of Sept 2010 Cash cost of less than A$500 per ounce Record production of 25,043 oz in Sept qtr 2010 Mine cash flow of A$25m in Sept qtr 2010
Slide 13: Wattle Dam Mining
Wattle Dam Mining For personal use only Open Pit Open Pit Mined 23 g/t Mined 20 g/t Decline High Grade zone 11
Slide 14: Wattle Dam Deep Drilling
Wattle Dam Deep Drilling For personal use only Commenced June 2010 Exceptional results Current Mine Plan from deeper holes Similar results to mining zone Further drilling in January 2011 5.5m @ 148 g/t Decline is being Decline extended to enable 2m @ 408 g/t new drill positions Extends m
Slide 15: Burbanks Gold Treatment Plant (WA)
For personal use only Burbanks Gold Treatment Plant (WA) 13
Slide 16: Burbanks Gold Plant (WA)
Burbanks Gold Plant (WA) For personal use only Milled 75,000 t of Wattle Dam Ore at 25g/t gold in 2009/10 Milled 76,000 t of third party ore for revenue of ~$3m in 2009/10 60,000 ounces of gold recovered in 2009/10 Installed Knelson concentrator for high gravity gold Recoveries of 97% of g
Slide 17: Mt Magnet Gold Project (WA)
Mt Magnet Gold Project (WA) For personal use only Significant past gold producer ~ 5.6M oz 3.3M oz of gold resources (estimated June 2010) 474K oz of open pit gold reserves at A$1150 oz A further 200K oz gold available in other pits Targeting production of 100K oz p.a. for 5-7 years Targ
Slide 18: Mt Magnet Gold Project
Mt Magnet Gold Project For personal use only All reserves from open cut mining Mill and other infrastructure in place All environmental approvals Reserves close to existing gold plant Gas fired power available to site Start up costs of A$40-45m Start up costs can be funded from cash fl
Slide 19: Mt Magnet – Forward Plan
Mt Magnet – Forward Plan * For personal use only Drill testing known high grade shoots Sep-Dec 10 Drill testing deeper underground targets Sep-Dec 10 Updated resource model Feb 11 Complete final pit optimisation & design March 11 Decision to recommence production April 11 Refurbishment of plant & pr
Slide 20: Mt Magnet Upside – Galaxy
Mt Magnet Upside – Galaxy Wide intersections confirmed below pit floor For personal use only Potential to increase grade by focussing on BIF* *Banded Iron Formation 18
Slide 21: Mt Magnet Upside – Galaxy
Mt Magnet Upside – Galaxy Wide high grade intersections at depth (Saturn) For personal use only Potential for large tonnage zone (Titan) *Banded Iron Formation 19
Slide 22: Mt Magnet Upside – Mercury
Mt Magnet Upside – Mercury Wide high grade intersections at depth For personal use only Hole GXDD0011 extends mineralisation by 100m 20
Slide 23: Exploration QLD (earning 60%)
Exploration QLD (earning 60%) For personal use only Mt Windsor JV – World Class Gold District Drilling completed – full results awaited 21
Slide 24: Exploration QLD (G14 G20 G22 Targets)
Exploration QLD (G14 G20 G22 Targets) For personal use only G14 G20 G22 IP Surveys targeting vertically zoned, intrusive breccia IP related gold Anomalies deposits, analogous to Mt Leyshon, Kidston + Mt Wright Strong chargeable and resistive IP anomalies at G20, and G22 with pathfinder elements
Slide 25: Exploration Nevada (earning 70%)
Exploration Nevada (earning 70%)* For personal use only World class gold district Two new JV’s with Miranda Gold Corp Big Blue targeting Carlin style sediment hosted gold Angel Wing targeting high grade veins (epithermal) Drilling at Angel Wing intersects vein and low grade gold Drilling
Slide 26: Exploration Nevada (Angel Wing)
Exploration Nevada (Angel Wing) High grade epithermal vein identified For personal use only IP completed and drilling commenced in October 2010 24
Slide 27: Summary
Summary For personal use only Operations Wattle Dam - highest grade gold mine in Australia Mt Magnet - 3M oz resources, established facilities Capital Position Strong profitability and A$75m in cash and gold Mt Magnet fully funded from cash flows Flexibility to take advantage of opportunit
Slide 28: Resources and Reserves
For personal use only RESOURCES AND RESERVES Resources Measured Indicated Inferred Total Project Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t oz ('000s) g/t oz ('000s) g/t oz ('000s) g/t oz Mt Magnet 2,194 2.7 193,000 33,633 2 2,122,000 15,044 2.1 1,030,000 50,871 2 3,345,000 Watt
Slide 29: Competent Person statements
WATTLE DAM GOLD PROJECT For personal use only The Information in this report that relates to resources and estimated mine grade at Wattle Dam is based on information compiled by Rob Hutchison. Rob Hutchison is a Member of the Australian Institute of Mining and Metallurgy and has sufficient experienc
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