Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Shareholder Meeting (November 2016)
36 slides from Ramelius Resources's shareholder meeting presentation, Nov 23, 2016
Slide 1: Chairman's Address
RAMELIUS RESOURCES LIMITED 2016 ANNUAL GENERAL MEETING CHAIRMAN’S ADDRESS For personal use only Ladies and Gentlemen, welcome to the 14th Annual General Meeting of Ramelius Resources Limited. It is my pleasure to report an improved financial and operational result for Ramelius in 2016. A few months
Slide 2: Chairman's Address (continued)
During the year Ramelius also progressed the development of its Vivien high grade underground gold mine near Leinster in Western Australia. The development of the underground decline was advanced approximately 1,200 metres and first development ore was accessed in February 2016 and trucked to Mt Mag
Slide 3: Ramelius Resources Limited – Annual General Meeting 23 November 2016
For personal use only Ramelius Resources Limited Mark Zeptner ‐ Managing Director Annual General Meeting – 23rd November 2016
Slide 4: Qualification: Forward Looking Statements
Qualification For personal use only 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. Actual results,
Slide 5: FY2016 - Standout year as a junior gold producer
FY2016 ‐ Standout year as a junior gold producer For personal use only Operating Performance 2015 2016 Gold Production 86,653oz 110,839oz up 28% Revenue A$130.4m A$173.7m up 33% EBITDA A$46.9m A$75.6m up 61% Net Profit After Tax A$16.1m A$27.5m up 71% Other Key Performance Indicators All Ordi
Slide 6: FY2016 - Strengthened Balance Sheet
FY2016 ‐ Standout year as a junior gold producer For personal use only Strengthened Balance Sheet 2015 2016 Cash and Gold $36.3m A$49.7m up 32% Net Assets A$99.3m A$127.6m up 28% Borrowings (A$1.1m) Nil down 100% Operating Cash Flows A$45.8m A$65.5m up 43% September 2016 Quarter Record gold
Slide 7: Consistently achieving and exceeding Guidance
FY2016 ‐ Standout year as a junior gold producer For personal use only Consistently achieving and exceeding Guidance Ramelius Resources Limited • Annual General Meeting – November 2016 5
Slide 8: Growing margin to AISC reflected in Cash & Gold balance
FY2016 ‐ Standout year as a junior gold producer For personal use only Growing margin to AISC reflected in Cash & Gold balance A$1,661oz Includes A$23.4m net from placement A$915oz Ramelius Resources Limited • Annual General Meeting – November 2016 6
Slide 9: Returns superior to the ASX Gold Index (GDX)
FY2016 ‐ Standout year as a junior gold producer For personal use only Returns superior to the ASX Gold Index (GDX) Share Price Performance Jul‐15 to Oct‐16 Ramelius GDX Ramelius Resources Limited • Annual General Meeting – November 2016 7
Slide 10: One of the best performing junior gold stocks in FY2016
FY2016 ‐ Standout year as a junior gold producer For personal use only One of the best performing junior gold stocks in FY2016 Ramelius Resources Limited • Annual General Meeting – November 2016 8
Slide 11: Corporate Summary
Corporate Summary For personal use only Corporate Structure: at 31 October 2016 Share Price Performance Shares on Issue 525M 0.7 Market Cap A$240M (US$180M) 0.6 Closing Share Price A$ Liquidity 30‐day 1.9M shares 0.5 Cash & Gold A$89M (US$67M) at 30 Sep 2016 0.4 0.3 Production and Guidance 0.2 FY201
Slide 12: Operational Locations - Western Australia
Operational Locations ‐ Western Australia For personal use only Kathleen Valley Open Pits Resource 163koz Reserve 55koz Grade 4.2g/t Life C&M A$854/oz AISC (US$640/oz) Mt Magnet Mines & Mill Mill Capacity 1.7Mtpa Resource 1.8Moz Reserve 268koz Grade 2.1g/t Life 4 years A$1,250/oz AISC (US$938/oz) Vi
Slide 13: Production Targets - Year Plan
Production Targets* ‐ 4 Year Plan For personal use only Life of Mine Plan a “Work in Progress” with revised Vivien, Milky Way timing and Morning Star upgrades being considered *1,2FY2019 & FY2020 production targets for Mt Magnet & Vivien contain Inferred Resources (10%), refer to slide 32 for furt
Slide 14: Capital Requirements - Year Plan
Capital Requirements ‐ 4 Year Plan For personal use only Milky Way development & additional brownfields exploration expenditure to be brought forward Project FY2017 FY2018 FY2019 FY2020 Titan open pit A$4.5M Water Tank Hill underground A$11.5M Blackmans open pit A$1M Mt Magnet crusher upgrade A$1M
Slide 15: Operations - Mt Magnet Gold Mine
Operations ‐ Mt Magnet Gold Mine For personal use only Ramelius Resources Limited • Annual General Meeting – November 2016 13
Slide 16: Operations - Perseverance open pit
Operations ‐ Perseverance open pit For personal use only Ramelius Resources Limited • Annual General Meeting – November 2016 14
Slide 17: Operations - Titan open pit
Operations – Titan open pit For personal use only Ramelius Resources Limited • Annual General Meeting – November 2016 15
Slide 18: Operations - Blackmans open pit
Operations – Blackmans open pit For personal use only Ramelius Resources Limited • Annual General Meeting – November 2016 16
Slide 19: Operations - Water Tank Hill underground
Operations – Water Tank Hill underground For personal use only Ramelius Resources Limited • Annual General Meeting – November 2016 17
Slide 20: Operations - Kathleen Valley gold project
Operations – Kathleen Valley gold project For personal use only Ramelius Resources Limited • Annual General Meeting – November 2016 18
Slide 21: Operations - Vivien underground
Operations – Vivien underground For personal use only 360 ‐ 340 Panel #4 Ramelius Resources Limited • Annual General Meeting – November 2016 19
Slide 22: Mine Life Extensions - Vivien Gold Mine
Mine Life Extensions ‐ Vivien Gold Mine For personal use only • Upper level (S/P #1) • Further infill drilling completed • Mid‐point drill cuddy (280mRL) • Ready for drilling November 2016 • Bottom drill cuddy (240mRL) • On track to be developed by year end • ~3,700m of diamond drilling planned Re
Slide 23: Mine Life Extensions - Mt Magnet Gold Mine
Mine Life Extensions ‐ Mt Magnet Gold Mine For personal use only Ramelius Resources Limited • Annual General Meeting – November 2016 21
Slide 24: Mine Life Extensions - Mt Magnet Porphyry targets
Mine Life Extensions ‐ Mt Magnet Porphyry targets For personal use only • Exploring for large, low strip ratio porphyry hosted deposits • Milky Way • Mineral Resource of 3,918Kt @ 1.3g/t for 164koz • Ore Reserve of 1,875Kt @ 1.3g/t for 78koz • Stellar & Stellar West • Further RC drilling recently un
Slide 25: Mine Life Extensions - Morning Star targets
Mine Life Extensions ‐ Morning Star targets For personal use only • Opportunity exists to grow current open pit Reserves and underground Resources • Current open pit Ore Reserves • Morning Star ‐ 478,000 tonnes @ 2.8g/t for 43koz • Additional material identified between Morning Star pit, Black Cat S
Slide 26: Mine Life Extensions - Morning Star Deeps target
Mine Life Extensions ‐ Morning Star Deeps target For personal use only Period Mine Tonnes Grade Ounces From To Star Shaft 1893 1987 882,849 8.4 238,431 Star Pit 1988 1993 6,178,030 3.4 675,346 Low grade 1988 1993 1,783,000 0.85 48,727 Star Decline 1993 2005 3,279,065 4.59 483,478 Grand Total 12,122,
Slide 27: Exploration
For personal use only Exploration
Slide 28: Exploration - Project Locations
Exploration ‐ Project Locations For personal use only Ramelius Resources Limited • Annual General Meeting – November 2016 26
Slide 29: Exploration - Tanami JV (NT)
Exploration ‐ Tanami JV (NT) → Ramelius 85% For personal use only • 1,700km2 of highly prospective geology • Tychean (ASX: TYK) free carried through to DTM • Strategic land holding within 100km of; Newmont’s +20Moz Callie Gold Mine, and Granites Treatment Plant • Suplejack: >10ppb gold anomaly o
Slide 30: Where is the value in Aussie gold producers?
Where is the value in Aussie gold producers? For personal use only RMS well below average EV/Production multiple based on 135,000 ounces in FY17 Australian Gold Producers | FY17 Production Multiples $5,000 $4,000 EV / Production (A$ per oz) $3,000 $2,000 $1,000 $- RRL NST EVN SBM SAR MOY DRM BLK S
Slide 31: Where is the value in Aussie gold producers?
Where is the value in Aussie gold producers? For personal use only RMS ‐ on par with ASX Gold Index since capital raise in late July 2016 Ramelius Resources Limited • Annual General Meeting – November 2016 29
Slide 32: 2017 Key Focus Areas
2017 Key Focus Areas For personal use only • Extensional drilling at Mt Magnet (ongoing) & Vivien (Dec ‘16) Mine‐life extensions • Greenfields exploration follow up in the Tanami (Nov ‘16) • Accelerate commencement; Water Tank Hill underground (underway) Fast‐track project development Milky Way
Slide 33: Thank you
Thank you For personal use only Ramelius Resources Limited • Annual General Meeting – November 2016 31
Slide 34: Production Targets, Mineral Resources & Ore Reserves Note
Production Targets, Mineral Resources & Ore Reserves Note For personal use only For detailed information relating to Mineral Resources and Ore Reserves see ASX Release (RMS) 30 Sept 2016, ‘Resources and Reserves Statement’. ¹ Vivien Production Target based on (by ounces) Ore Reserves (55%), Indicate
Slide 35: Mineral Resource Statement
Mineral Resource Statement For personal use only MINERAL RESOURCES AS AT 30 JUNE 2016 - INCLUSIVE OF RESERVES For detailed information relating to Measured Indicated Inferred Total Resource Mineral Resources see ASX Release (RMS) Deposit Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au 30 Sept 20
Slide 36: Ore Reserve Statement
Ore Reserve Statement For personal use only ORE RESERVE STATEMENT AS AT 30 JUNE 2016 For detailed information relating to Ore Proven Probable Total Reserve Reserves see ASX Release (RMS) 30 Sept Tonnes Au Au Tonnes Au Au Tonnes Au Au 2016, ‘Resources and Reserves Statement 2016’. ('000s) g/t Oz ('00
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