Ramelius Resources Limited · ASX:RMS
Ramelius Resources — RIU Explorers Conference 2022
24 slides from Ramelius Resources's conference presentation, Feb 15, 2022
Slide 1: Mt Magnet – Discovery in a Mature Mining Camp
Ramelius Resources Limited For personal use only Peter Ruzicka Executive General Manager - Exploration ASX:RMS Mt Magnet – Discovery in a Mature Mining Camp February 20221 RIU EXPLORERS CONFERENCE • FEBRUARY 2022
Slide 2: Forward Looking Statements
QUALIFICATION 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 subject to various risks and unce
Slide 3: Overview
OVERVIEW For personal use only Mt Magnet – Discovery in a mature mining camp ➢ History and geology overview ➢ Ramelius discovery success ➢ Current priority exploration targets ➢ Exploration target generation ➢ Lessons of the past RIU EXPLORERS CONFERENCE • FEBRUARY 2022 3
Slide 4: History & Geology Overview
For personal use only HISTORY & GEOLOGY OVERVIEW ANNUAL GENERAL MEETING - NOVEMBER 2021 4
Slide 5: Mt Magnet - History
MT MAGNET - HISTORY For personal use only ➢ Gold discovered at Mt Magnet in 1888 ➢ Iconic Hill 50 mine began operating in 1934, and continued (with minor hiatus) through to 2007 ➢ Hill 50 underground mine exploited to a depth of 1.5km, produced 7.35Mt @ 8.78g/t Au (2.07Moz) ➢ Total Mt Magnet histori
Slide 6: Mt Magnet - Ramelius' History
MT MAGNET - RAMELIUS’ HISTORY ➢ Ramelius acquired from Harmony Gold Australia on 8 July 2010 For personal use only ➢ Acquisition cost A$40M with: ▪ Mineral Resource* of 49.7Mt @ 2.1g/t for 3.3Moz (A$12/oz) ▪ Ore Reserve* of 8.9Mt @ 1.7g/t for 474koz ▪ 1.7Mtpa processing plant (Checker) ➢ Ramelius pr
Slide 7: Mt Magnet - Geology & Structure
MT MAGNET - GEOLOGY & STRUCTURE ➢ Banded Iron Formation (BIF) stratigraphy is the principal mineralisation For personal use only host, less common but significant intermediate intrusion hosted mineralisation ➢ Mineralisation mechanism and style is characterised by a sulphidation replacement of BIF m
Slide 8: Mt Magnet - Mineralisation by Host Rock
MT MAGNET - MINERALISATION BY HOST ROCK For personal use only ➢ Historic production dominated by BIF hosted mineralisation ➢ Recent discoveries within the Boogardie Dome are characterised by bulk low grade intrusion (Eridanus) and high grade vein (Shannon) hosted mineralisation – both a departure fr
Slide 9: Ramelius Discovery Success
For personal use only RAMELIUS DISCOVERY SUCCESS ANNUAL GENERAL MEETING - NOVEMBER 2021 9
Slide 10: Ramelius Discovery Success - Background
RAMELIUS DISCOVERY SUCCESS - BACKGROUND For personal use only ➢ Regolith in the Boogardie Dome (orange outline) characterised by transported cover, deep weathering, and near surface geochemical depletion, all obscuring primary geology ➢ Recognition of historic drilling ineffectiveness was a key driv
Slide 11: Ramelius Discovery Success - Eridanus & Shannon Underground
RAMELIUS DISCOVERY SUCCESS – ERIDANUS & SHANNON UNDERGROUND ➢ Key discoveries at Eridanus and Shannon Undergound – both For personal use only within the Boogardie Dome ➢ Eridanus Open Pit: ▪ Production of 2.32Mt @ 1.66g/t for 110koz to Dec 2021 ▪ Remaining Mineral Resource* of 19Mt @ 1.2g/t for 750k
Slide 12: Eridanus Discovery
ERIDANUS DISCOVERY 2010 For personal use only ➢ A ~1Moz discovery in a 2017 mature mining camp! ➢ Historic 50m x 50m spaced vertical aircore drilling failed to effectively identify or test the host granodiorite, despite 2022 being situated directly between two mined open pit areas! ➢ Mid-2017 - One
Slide 13: Current Priority Exploration Targets
For personal use only CURRENT PRIORITY EXPLORATION TARGETS ANNUAL GENERAL MEETING - NOVEMBER 2021 13
Slide 14: Current Priority Exploration Targets - Bartus East Prospect
CURRENT PRIORITY EXPLORATION TARGETS - BARTUS EAST PROSPECT ➢ An Eridanus analogue with minimal near-surface expression For personal use only ➢ RC drilling at Bartus East (southern Boogardie Dome area) has intersected broad intervals of granodiorite hosted mineralisation beneath a near surface ultra
Slide 15: Current Priority Exploration Targets - Galaxy Area
CURRENT PRIORITY EXPLORATION TARGETS - GALAXY AREA For personal use only ➢ BIF hosted mineralisation at Saturn and Mars (Galaxy) show similar controls to the Hill 50 deposit ➢ Down-plunge extensions of high grade shoots are being targeted by deeper drilling ➢ Structural complexity presents other tar
Slide 16: Exploration Target Generation
For personal use only EXPLORATION TARGET GENERATION ANNUAL GENERAL MEETING - NOVEMBER 2021 16
Slide 17: Exploration Target Generation
EXPLORATION TARGET GENERATION ➢ In addition to traditional multi-layered data For personal use only analysis, Ramelius is compiling and acquiring new geochemical and geophysical datasets to aid target generation ➢ A 2D seismic survey has been conducted across the Boogardie Dome and data will form th
Slide 18: Exploration Target Generation - Geochemistry
EXPLORATION TARGET GENERATION - GEOCHEMISTRY ➢ Geochemical review indicating diagnostic ASD For personal use only features at prospect scale – applied regionally to targeting ➢ Plan view shows two geochemically defined domains ➢ Intrusion hosted deposits in the western domain are characterised by sh
Slide 19: Exploration Target Generation
EXPLORATION TARGET GENERATION For personal use only ➢ Systematic evaluation of targets, prospectivity analysis incorporating current exploration models ➢ In-house ranking and prioritisation RIU EXPLORERS CONFERENCE • FEBRUARY 2022 19
Slide 20: Key Learning Outcomes
KEY LEARNING OUTCOMES ➢ Support of board, management and a sustained exploration For personal use only financial commitment are fundamental to exploration success - $32M Budget for FY22 across all sites ($14M for Mt Magnet) ➢ Exploration in the Mt Magnet camp over the last 10 year period has continu
Slide 21: 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 Tim Manners Luke Forrestal Managing Dir
Slide 22: Appendix - Corporate Summary
APPENDIX 1 - CORPORATE SUMMARY Corporate Structure Gold Guidance For personal use only Market Cap1 A$1.2B @ $1.38 per share FY21 Production3 272,109oz @ AISC A$1,317/oz Cash & Gold2 A$164.5M FY22 Guidance3 260,000 – 300,000oz @ AISC of A$1,425 – 1,525/oz Debt2 Nil Mineral Resources4 5.4Moz at 30 Jun
Slide 23: Appendix - 2021 Mineral Resource Statement
APPENDIX 2 - 2021 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral For personal use only Resources see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 10 September 2021. The Company confirms that it is not aware of any new information or data that materially affect
Slide 24: Appendix - 2021 Ore Reserve Statement
APPENDIX 3 - 2021 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 10 September 2021. The Company confirms that it is not aware of any new information or data that materially affects the info