Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Q4 FY2024 Earnings Presentation
14 slides from Ramelius Resources's earnings presentation, Jul 29, 2024
Slide 1: June 2024 Quarterly Results & FY25 Guidance
Ramelius Resources Limited For personal use only Mark Zeptner Darren Millman Managing Director Chief Financial Officer ASX:RMS JUNE 2024 QUARTERLY RESULTS & FY25 GUIDANCE July2024 20241 JUNE 2024 QUARTERLY RESULTS & FY25 GUIDANCE • JULY 2024 July
Slide 2: Qualification & Non-IFRS Financial Information
QUALIFICATION & NON-IFRS FINANCIAL INFORMATION Forward Looking Statements For personal use only 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
Slide 3: Key Highlights
KEY HIGHLIGHTS For personal use only ▪ Quarterly Gold production of 82,058 ounces at an AISC of A$1,362/oz ▪ Record Annual Gold production of 293,033 ounces at an AISC of A$1,583/oz ▪ Operating cash flow of A$162.8M and free cash flow of A$137.3M, the best on record ▪ No Lost Time Injuries recorded
Slide 4: FY24 Gold Production – a new record achieved
FY24 GOLD PRODUCTION – a new record achieved For personal use only JUNE 2024 QUARTERLY RESULTS & FY25 GUIDANCE • JULY 2024 4
Slide 5: Q4 FY24 Mining & Production – delivering at a new higher bar
Q4 FY24 MINING & PRODUCTION – delivering at a new higher bar For personal use only ORE TONNES MINED MINED GRADE ORE TONNES MILLED MILLED GRADE GOLD PRODUCTION 0.8Mt 2.62g/t 0.9Mt 2.82g/t 82koz million tonnes mined grams per tonne million tonnes milled grams per tonne of gold production Completion of
Slide 6: Q4 FY24 Mt Magnet Operating Highlights
Q4 FY24 MT MAGNET OPERATING HIGHLIGHTS – continuing downward trend in costs <A$1,000/oz ▪ Safety: three (3) Restricted Work Injuries during the Quarter, no Lost Time Injuries For personal use only ▪ Production: 48,775 ounces of gold produced at Mt Magnet, the best Quarter for the operation since Jun
Slide 7: Mt Magnet – Eridanus upside
MT MAGNET – Eridanus upside ➢ Eridanus production (included within Mt For personal use only Magnet Mine Plan1) includes Production Target of 230koz - 330koz from underground option ➢ Updated Mineral Resource Estimate2 of 21Mt at 1.7g/t for 1,200,000 ounces ➢ Updated Mineral Resource includes high gr
Slide 8: Q4 FY24 Edna May Operating Highlights
Q4 FY24 EDNA MAY OPERATING HIGHLIGHTS – unlocking value in stockpiles across the hub ▪ Safety: one (1) Restricted Work Injuries during the Quarter, no Lost Time Injuries For personal use only ▪ Production: 33,283 ounces of gold produced at Edna May taking the total for FY24 to 132,268 ounces ▪ Costs
Slide 9: Q4 FY24 Financials – increasing cash generation
Q4 FY24 FINANCIALS – increasing cash generation For personal use only GOLD SALES REALISED GOLD PRICE AISC FREE CASH FLOW1 CASH & GOLD 86koz A$3,243 A$1,362 $137.3 $446.6 in gold sales dollars per ounce dollars per ounce million million In line with prior Quarter Up 7% Q-on-Q Low cost base maintained
Slide 10: A$315.8M Free Cash Flow for FY24
A$315.8M FREE CASH FLOW FOR FY24 – continuing to build in FY25 ➢ FY24 gold production record of 293,033oz1 For personal use only and AISC of A$1,583/oz ➢ FY25 gold production guidance of 285,000oz (midpoint) and AISC guidance of A$1,600/oz (midpoint) 2 ➢ High production + low cost = continued Cash B
Slide 11: Cash Flow – proven ability to generate significant cash flows
CASH FLOW – proven ability to generate significant cash flows from operations For personal use only 1 Free cash flow represents the underlying free cash flow which is total cash flow before one-off cash flows such as acquisitions and investments, taxes, stamp duty payments, and dividends 2 New debt
Slide 12: FY25 Gold Production & AISC Guidance
FY25 GOLD PRODUCTION & AISC GUIDANCE – another strong year ahead…. ➢ Mt Magnet up 50% to 240,000 ounces at For personal use only the mid-point ➢ Edna May to process remaining stockpiles to produce 45,000 ounces (midpoint) then C&M ➢ Edna May Stage 3 not proceeding in favour of better returns at Mt M
Slide 13: Key Focus in FY25
KEY FOCUS IN FY25 Centre Description Status/Next Key Date For personal use only Corporate/Company Continue to improve Safety performance Group-wide Deliver FY25 Guidance Mt Magnet Cue: Develop and deliver first ore to Mt Magnet as planned December 2024 Quarter Eridanus: Complete Eridanus underground
Slide 14: Thank You
THANK YOU For personal use only 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 D