Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Merger or Acquisition (October 2021)
15 slides from Ramelius Resources's merger presentation, Oct 18, 2021
Slide 1: Ramelius Recommended Takeover Offer for Apollo Consolidated
Ramelius Resources Limited For personal use only Mark Zeptner Tim Manners Managing Director Chief Financial Officer ASX:RMS RAMELIUS RECOMMENDED TAKEOVER OFFER FOR APOLLO CONSOLIDATED APOLLO CONSOLIDATED TAKEOVER • OCTOBER 2021 1 October 2021
Slide 2: Qualification: Forward Looking Statements
QUALIFICATION Forward Looking Statements For personal use only This presentation contains certain forward-looking statements with respect to Ramelius Resources Limited’s (Ramelius) financial condition, results of operations, production targets and other matters that are subject to various risks and
Slide 3: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance For personal use only Market Cap1 A$1.32B @ $1.625 per share FY21 Production3 272,109oz @ AISC A$1,317/oz Cash & Gold2 A$234.0M FY22 Guidance3 260,000 – 300,000oz @ AISC of A$1,425 – 1,525/oz Debt2 Nil Mineral Resources4 5.4Moz at 30 June 2021 Majo
Slide 4: Apollo Consolidated Offer
For personal use only APOLLO CONSOLIDATED OFFER APOLLO CONSOLIDATED TAKEOVER • OCTOBER 2021 4
Slide 5: Ramelius to Acquire Apollo Consolidated
RAMELIUS TO ACQUIRE APOLLO CONSOLIDATED ➢ Ramelius to acquire Apollo Consolidated, owner of the Lake Rebecca For personal use only Gold Project (Rebecca) in Western Australia, via recommended off- market takeover offer ➢ Rebecca Mineral Resources of 29.1 Mt @ 1.2 g/t Au for 1.1 Moz1 ➢ Apollo’s share
Slide 6: Key Offer Details
KEY OFFER DETAILS For personal use only • Ramelius to offer to acquire all the issued and outstanding ordinary shares in Apollo, by way of an off-market takeover offer (the “Offer”) Structure • Offer unanimously recommended by Apollo Board of Directors • Directors and management have agreed to accep
Slide 7: Attractive Offer Premiums
ATTRACTIVE OFFER PREMIUMS1 Implied Offer price: $0.56/share For personal use only 27.0% 35.9% 38.3% 52.2% 1 VWAP premiums based on Apollo’s last close on 14 October 2021 APOLLO CONSOLIDATED TAKEOVER • OCTOBER 2021 7
Slide 8: Benefits to Apollo Shareholders
BENEFITS TO APOLLO SHAREHOLDERS Certainty of primarily cash For personal use only • Cash component A$0.34, providing Apollo shareholders with certainty of cash for 61% of total implied offer price 1 offer plus optionality from • Ramelius encourages Apollo shareholders to retain Ramelius shares, noti
Slide 9: Strategic Rationale for Ramelius
STRATEGIC RATIONALE FOR RAMELIUS • Ramelius’ long-term strategy is to continue achieving growth and create shareholder value through For personal use only acquiring assets that are either in production (e.g. Edna May) or have significant potential to become Addition of high-quality operations in the
Slide 10: Lake Rebecca Gold Project – Overview
LAKE REBECCA GOLD PROJECT – OVERVIEW ➢ Based in a proven, regional-scale gold belt For personal use only Rebecca Deposit 840,000oz ➢ Tier 1 location ▪ 150km north-east from Kalgoorlie, in Australia’s premier gold province ▪ Southern end of the +30Moz Laverton District ▪ Access to first-class regiona
Slide 11: Rebecca Deposit Underpins Commercial Potential of the Project
REBECCA DEPOSIT UNDERPINS COMMERCIAL POTENTIAL OF THE PROJECT ➢ Outstanding single pit, robust and open gold deposit For personal use only ▪ Rebecca Resource estimate: 20.4Mt @ 1.3g/t Au for 840koz, including Indicated of 13.6Mt @ 1.5g/t for 640koz ▪ Resource estimate is conservative due to only bei
Slide 12: Studies Just Starting, With Exceptional Exploration Potential
STUDIES JUST STARTING, WITH EXCEPTIONAL EXPLORATION POTENTIAL ➢ 815,000oz Indicated MRE supports robust potential mining scenarios For personal use only ▪ Preliminary evaluation work initiated Cleo ▪ Results to feed into engineering and mine planning options 1.5km ➢ Additional technical studies unde
Slide 13: Thank You
THANK YOU Ramelius Resources Limited ASX Code: RMS For personal use only Level 1, 130 Royal Street East Perth WA 6004 Authorised for release to the ASX by the Managing Director. For further information contact: Ramelius Contacts Investor enquiries: Media enquiries: Mark Zeptner Tim Manners Nick Howe
Slide 14: Appendix – Ramelius 2021 Mineral Resource Statement
APPENDIX 1 – RAMELIUS 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 material
Slide 15: Appendix – Ramelius 2021 Ore Reserve Statement
APPENDIX 2 – RAMELIUS 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
Ramelius Resources — Merger or Acquisition (October 2021) on 6ix