Slide 1: Ramelius Resources Limited Investor Presentation June 2012
Ramelius Resources Limited ASX:RMS INVESTOR PRESENTATION June 2012 1
Slide 2: 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. Ac
Slide 3: Ramelius corporate information
Ramelius corporate information Corporate details: Significant shareholders: • ASX Code: RMS Sprott: 15% • Ordinary shares on issue: 336M Van Eck: 6% • Market capitalisation: ~A$150m Top 20: 56% • 12 month share price range: $0.425-1.695 • Cash and gold on hand: A$66m (Mar 12) Share price (2 year): D
Slide 4: Investment Highlights
Investment Highlights: Two operating gold mines in Western Australia: Mt Magnet – low risk open cut Wattle Dam – high grade underground Targeting sustained increase in gold production by 2014* Debt free and able to fund operations from cash flow Recently agreed to acquire a new high grade mine (Vivi
Slide 5: Project Locations
Project Locations: Ramelius Resources Limited • INVESTOR PRESENTATION • June 2012 5
Slide 6: Historical Performance
Historical Performance: Proven performance of increasing production, revenue and profit Ramelius Resources Limited • INVESTOR PRESENTATION • June 2012 6
Slide 7: Mt Magnet Gold Mine (WA)
Mt Magnet Gold Mine (WA): Significant past producer (over 5m oz Au produced) Current JORC Resources of 3m oz Au Open pit Reserves of 545,000 oz Au Pre-strip completed in Feb 2012 First gold poured in March 2012 Currently has a 6 year mine life 1.7mtpa refurbished gold plant Gold plant expandable to
Slide 8: Mt Magnet – significant progress
Mt Magnet – significant progress: August 2011 - Mining approval September 2011 - Mining commenced March 2012 - First gold poured (1,200 oz poured for month) April 2012 - Production of 2,400 oz May 2012 - Production of 5,000 oz FY 2013 - Production guidance of 70,000 oz Ramelius Resources Limited • I
Slide 9: Mt Magnet - mining
Mt Magnet - mining: Pre-strip commenced September 2011 - completed February 2012 Initial mining focussed on Saturn, Mars and Titan open pits First 3 years of production from these pits Mining ~6m bcm p.a. Mars Provides operational flexibility Close to treatment plant Mars and Saturn BIF hosted Titan
Slide 10: Mt Magnet – processing plant
Mt Magnet – processing plant: Refurbished 1.7mtpa gold plant – replacement value A$80-100m Currently being ramped up to full capacity by end June quarter 2012 Milled 115,000t in April and 128,000t in May (capacity 145,000 t/m) Strategic regional asset – currently the only operating plant in region R
Slide 11: Mt Magnet – upside potential
Mt Magnet – upside potential: Current project is scheduled to produce an average of 80,000 oz p.a. At current 1.7mtpa mill scheduled production is estimated to be: FY 2013 - 70,000 ounces FY 2014 – 80-90,000 ounces FY 2015 – 90-100,000 ounces Plant capacity can be increased and additional feed from
Slide 12: Wattle Dam Gold Mine (WA)
Wattle Dam Gold Mine (WA): Pit Decline Production of 250,000 oz since 2006 Blocks A & B Completed with ~180,000 oz production over High grade high nugget gold deposit 100m vertically Blocks C & D mining to Production life to June quarter 2013 2013 Grade to date from Block D averages 7.3 g/t Au Deep
Slide 13: Vivien Project (WA) – High grade gold opportunity
Vivien Project* (WA) – High grade gold opportunity: High grade gold development opportunity located near Agnew (WA) Existing Indicated Resource of 154,000 ounces Au @ 8.3 g/t Au Drilling and mining studies in 2012/13 Potential to develop in calendar 2013* Fits with Ramelius’ existing skill set Low c
Slide 14: Vivien Project (WA) - High grade gold opportunity
Vivien Project (WA) - High grade gold 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 Significant true width intersections: Existing Potential 10m @ 31.8 g/t Au Open Pit Open Pit
Slide 15: Coogee Project (WA) – High grade open pit
Coogee Project (WA) – High grade open pit: Potential high grade open pit development Exploration upside within tenement package Close to Ramelius’ Burbanks milling infrastructure Mining study to be completed in Sept quarter 2012 Significant Intersections* include: Optimised Open Pit 6m @ 37.8 g/t Au
Slide 16: Exploration – North Queensland (earning 60%)
Exploration – North Queensland (earning 60%): Mt Windsor JV – world class gold district Ramelius Resources Limited • INVESTOR PRESENTATION • June 2012 16
Slide 17: Exploration – North Queensland (earning 60%)
Exploration – North Queensland (earning 60%): Joint Venture with Liontown Resources Ltd (ASX: LTR) Exploring for breccia hosted gold – drilling mid 2012 Cardigan Dam Breccia Target Ramelius Resources Limited • INVESTOR PRESENTATION • June 2012 17
Slide 18: Exploration - Nevada (earning 70%)
Exploration - Nevada (earning 70%*): Two JV’s with Miranda Gold Corp in world class gold region Angel Wing targeting bonanza gold grade epithermal veins: DaVinci veins – 2 km strike potential Big Blue targeting Carlin style deposits Drilling completed – low order Au & Ag Epithermal veins at Angel Wi
Slide 19: Why Invest in Ramelius
Why Invest in Ramelius: Operations Mt Magnet – low risk and potential for expansion Wattle Dam – high grade, low cost Upside Potential Mt Magnet is a large gold system with potential to expand production Vivien project is high grade and open down plunge of high grades Greenfields projects in proven
Slide 20: Mineral Resources (inclusive of Ore Reserves)
Mineral Resources (inclusive of Ore Reserves) RAMELIUS RESOURCES LTD MOUNT MAGNET GOLD MINES Mineral Resource Statement 30/06/2011 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 ('000s) g/t Oz Bartus
Slide 21: Ore Reserves
Ore Reserves RAMELIUS RESOURCES LTD MOUNT MAGNET GOLD MINES Ore Reserve Statement 30/06/2011 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 Galaxy pits Saturn 824 1.8 47,000 1,253 1.4 57,000 2,078 1.5 103,000 Mars 225 2.1 15,000