Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Investor Presentation (May 2006)
34 slides from Ramelius Resources's investor presentation, May 26, 2006
Slide 1: Overview of Ramelius Resources Ltd
Good afternoon Ladies and Gentlemen, | would like to take this opportunity to give you an overview of Ramelius Resources Ltd, after which | will hand over to my associate Gordon Dunbar who will expand on the technical aspects of our exploration Strategy.
Slide 2: Disclaimer on forward looking statements
This is a Disclaimer on forward looking statements, hard copies of which are available on request.
Slide 3: Our achievements since listing
Our achievements since listing. *Ramelius commenced mining at Wattle Dam in March this year, just 20 months after drilling its first hole into the deposit. Based on the current gold price, we expect this operation to generate ~$12 million gross revenue over the next 5 months. *Our first gold project
Slide 4: Project Location
‘atgic and Sedimentary [_] Transported Project Location 8 15 0 kilometres» Ramelius’s objectives have always been “As a first priority, to concentrate on low risk, low cost but advanced gold projects to establish a solid reserve base and a revenue stream. Wattle Dam will generate the first substanti
Slide 5: Projects
Projects Simplified Geology Bea The Spargoville area — home to the Company’s Wattle Dam Gold Mine, is the Company's Flag Ship. The Company has in fact 15 project areas in Western Australia, 4 of which are in the Spargoville region and it is our considered opinion that Spargoville is the best thing s
Slide 6: Indicative Cash Summary to the end of 2006
Indicative Cash Summary to the end of 2006.
Slide 7: Wattle Dam Gold Mine: Commenced mining March 2006
Wattle Dam Gold Mine: Commenced mining March 2006. Current indications are that we will be mining until September albeit, there is still potential at depth. The few deep holes drilled to test below the deposit returned anomalous gold over widths of up to 50 metres with the best intercept being 8 m @
Slide 8: Wattle Dam ore body image
RAMEE You can see from this 3 dimensional image of the ore body that the mineralisation is continuous from the surface and appears to plunge to the south. Subsequent drilling did extended this shoot down plunge. Incidentally, there were nuggets on the surface and | have a selection of nuggets and sp
Slide 9: Low risk, low cost advanced gold projects
As stated at the beginning, our priority was to concentrate on low risk, low cost but advanced gold projects. Wattle Dam is exactly that. It is mainly free digging, free milling ore from the surface, and close enough to established infrastructure to be economically toll treated. This table indicates
Slide 10: Projects: Simplified Geology
2 Projects Simplified Geology Golden Eagle 1931 2g Late 1960's nickel exploration. This lead to the discovery of the Spargoville deposits and more recently the Armstrong deposit. Note the resurgence of gold discoveries in last 10 years. 10
Slide 11: Simplified Geology & Tenement Outline
Simplified Geology & Tenement Outline RAMELIUS Four tenement groups and Ramelius’ interests. Wattle Dam 100% gold and Ta Hilditch 90% all minerals Logan’s Larkinvile 75% gold and Ta North Widgiemooltha 100% gold
Slide 12: Gold in Soil Geochemistry
Gold in Soit Geochemistry Wattle Dam Gold Mine 2 Au (ppb) 5 Pesaran oo This gold in soil image is a compilation of Ramelius Data (mainly auger) and data frorn a number of previous surveys. Highlights regional shears South of Spargoville 5B towards Widgiemooltha are low order gold values Soil geochem
Slide 13: Simplified Regolith
Simplified Regolith v RAMELIUS Areas of “insitu regolith” are effectively tested by soil sampling. Note the extent of transported cover through North Widgiemooltha and north from Wattle Dam 13
Slide 14: Gold in Soil Geochemistry
Gold in Soit Geochemistry Wattle Dam Gold Mine Pescara oe Au (ppb) © meses eB Applying the regolith to the geochemical image indicates those areas where soil geochemistry is most unlikely to be an effective indicator of the gold content in the bedrock. It is easy to see that the “Spargoville 5B towa
Slide 15: Hilditch Nickel Aeromagnetic Data
Hilditch Nickel ¢g Aeromagnetic Lestosouany ae Data Wattle Dam Gold Mine Preis ene Aeromagnetic data delineates different rock types. Assists in geological interpretation and identifies geological breaks Note how the breaks line up with the geological structures 15
Slide 16: Simplified Geology & Tenement Outline
Simplified Geology & Tenement Outline a lntepered Gene oh ‘ Fine Veeco wiles ‘ocauie Hacks E] Sedenacaary Hacks 16
Slide 17: Exploration Areas and Priority Targets
: : ‘Yilthia Hill Gott —. - Lefroy Tantalum: a” Hilditeh Nickel 0" | Exploration Areas . Project x — and feszenoe es Priority Targets Lotito Nekob oO 5 ed : ae ae er | SSPE apc ean : 1 . u ‘Wattle Dam. La Gold Mine - Mo. ~ | _- FOOON to Skylark, " Gold South Mistletoe a” "od | | \Widgiemooltha Gold”
Slide 18: Wattle Dam target area
Wattle Dam Goid Mine uss Kilemetas This target area,8 km in length is along strike from the Wattle Dam Gold Mine. The gold in soil geochemistry shows patchy elevated and anomalous responses. Drilling in 1997 on an anomalous response on the eastern side returned gold mineralisation in several holes t
Slide 19: Historical Gold in Soil Geochemistry
Historical Gold in Soil Geochemistry 0 3 & nm eS Soil Geachernisny Be ppb Ae G2516 46 pp tv Fisica Piste Peco This project demonstrates the use made of existing data sets. Here the original soil sampling of 4650 samples analyzed for gold indicates the main trends allowing Ramelius to focus on the mo
Slide 20: Gold in Soil Geochemistry
Gold inSoit Geochemistry 20 4 Au (ppb) bse nei bessxcen ar Psccne The result after collecting and analyzing for gold an additional 860 auger samples. A follow up program of 950 auger samples will be undertaken to detail the soil anomalies prior to drilling. 20
Slide 21: Ground Lark Aeromagnetic Data and Targeting
Ground Lark Asromagnetic Data and Targeting —— Intespreted Shear a+= Interpreted Thrust Combining geological and aeromagnetic data identified east-west geological structures (thrusts) with several gold workings along these trends. Existing soil sampling coverage is on east west lines and despite not
Slide 22: Ramelius
RAMUS 22
Slide 23: Simplified Geology & Tenement Outline
Simplified Geology & Tenement Outline | Ramelius in collaboration with Trent Stehn, who holds a 10% interest in this project located nickel gossans in the north eastern sector of the tenements. 23
Slide 24: Nickel gossans, ultramafic units and EM conductors
This composite map shows the distribution of magnetic ultramafic units, nickel gossan locations, drill intersections greater than 0.3% nickel and EM conductors. The gossans were located by detailed sampling of ironstone rocks that were then analysed for range of elements including nickel, copper and
Slide 25: Nickel intersections
In addition to these intercepts there are approximately 12 intersections containing between 0.4 and 0.8% nickel, mainly within cumulate ultramafics on the eastern side. Two styles of sulphide mineralisation have been identified, Primary (magmatic) and Remobilised. 25
Slide 26: Primary (Magmatic) and Remobilised sulphides
. Primary (Magmatic) | le Remobilise: 8 8 8 Magnesium (ppm) 000 0.5% ence 8000 Nickel Nickel (ppm) The geology and the geochemistry of the nickel intersections and the host rocks have been examined to *Distinguish between magmatic and remobilised sulphides *Determine the spatial distribution of the
Slide 27: Hilditch North Nickel Prospect Schematic Geological Section
Hilditch North Nickel Prospect Schematic Geological Section Looking North This diagrammatic cross section shows the spatial difference between the two style of nickel mineralisation. 27
Slide 28: Hilditch North Nickel Prospect Longitudinal Projection
RAMBUS 3: Surface! Remobilised Zane a a” o. oxkies y Sulphides. | 300m ‘quo mitt 7) Magmatic Zone Prospective Horizon . 7 : Intersection within, Drill Hole. Hilditch North Nickel Prospect Longitudinal Projection Looking West 100. mt 4 This longitudinal projection shows the two styles of mineralisati
Slide 29: Lic
Lic This was the first major exploration program for Ramelius. Most of the drilling was undertaken in 2003/2004. 29
Slide 30: Black Cat location
RAMELUS } Sronite Fatgic and Sedimentary [_] Transported Bs Gd kilometres Black Cat is only 35 km north west of Coolgardie and is immediately adjacent to a haul road. 30
Slide 31: Black Cat open pit and additional resources
The Black Cat open pit was mined by Kinver Mining NL in 2001. Bedrock in pinks and white lies below transported cover (lake sediments) . Ramelius has identified two additional gold resources. *Black Cat North. Gold enriched along the bedrock/cover interface to the left of the picture. *Black Cat Sou
Slide 32: Black Cat optimisation study
=] Malle cocks HEA enuteon ! wt Gots An optimisation study undertaken in December 2005 using A $550 gold price indicated an encouraging return from the mining of Black Cat North and South. In light of the current gold price the project is to be reassessed with definition drilling of 81 holes to bett
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Slide 34: Ramelius Resources
RAMELIUS *RESOURCES 34
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