Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Diggers & Dealers Mining Forum 2018
25 slides from Ramelius Resources's conference presentation, Aug 6, 2018
Slide 1: Building a Mid Tier Gold Producer
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS BUILDING A MID TIER GOLD PRODUCER DIGGERS & DEALERS • KALGOORLIE • AUGUST 2018 1
Slide 2: Qualification
QUALIFICATION Forward Looking Statements Competent Persons Statement For personal use only This presentation contains certain forward looking The Information in this report that relates to Exploration statements with respect to Rameliusfinancial condition, Results, Mineral Resources and Ore Reserves
Slide 3: 1. Production build-up
BUILDING A MID TIER GOLD PRODUCER For personal use only 1. Production build-up DIGGERS & DEALERS • KALGOORLIE • AUGUST 2018 3
Slide 4: 2. Competitive cost structure
BUILDING A MID TIER GOLD PRODUCER For personal use only 1. Production build-up 2. Competitive cost structure DIGGERS & DEALERS • KALGOORLIE • AUGUST 2018 4
Slide 5: 3. Free cash generation
BUILDING A MID TIER GOLD PRODUCER For personal use only 1. Production build-up 2. Competitive cost structure 3. Free cash generation DIGGERS & DEALERS • KALGOORLIE • AUGUST 2018 5
Slide 6: 4. Share price appreciation
BUILDING A MID TIER GOLD PRODUCER For personal use only 1. Production build-up 2. Competitive cost structure 3. Free cash generation 4. Share price appreciation DIGGERS & DEALERS • KALGOORLIE • AUGUST 2018 6
Slide 7: 5. Capital Management
BUILDING A MID TIER GOLD PRODUCER For personal use only 1. Production build-up 2. Competitive cost structure 3. Free cash generation 4. Share price appreciation 5. Capital Management DIGGERS & DEALERS • KALGOORLIE • AUGUST 2018 7
Slide 8: 6. Multiple operations
BUILDING A MID TIER GOLD PRODUCER For personal use only 1. Production build-up 2. Competitive cost structure 3. Free cash generation 4. Share price appreciation 5. Capital Management 6. Multiple operations DIGGERS & DEALERS • KALGOORLIE • AUGUST 2018 8
Slide 9: 7. Reserve replacement
BUILDING A MID TIER GOLD PRODUCER For personal use only 1. Production build-up 2. Competitive cost structure 3. Free cash generation 4. Share price appreciation 5. Capital Management 6. Multiple operations 7. Reserve replacement DIGGERS & DEALERS • KALGOORLIE • AUGUST 2018 9
Slide 10: Corporate Summary
CORPORATE SUMMARY Corporate Structure: at 30 June 2018 Share Price Performance Shares on Issue 528M For personal use only Market Cap A$300M @ $0.57 per share Cash & Gold A$95.5M Debt Nil Enterprise Value A$204.5M Liquidity 1.5M shares (30 day ave.) Production Guidance FY2019 Guidance 200-220,000oz @
Slide 11: Operations – Overall Production Up 66% in FY2018
OPERATIONS – OVERALL PRODUCTION UP 66% IN FY2018 § June 2018 Quarter; For personal use only § Group production 58,285oz @ AISC A$1,176/oz § FY2018; § Record group production of 208,118oz § AISC of A$1,191/oz DIGGERS & DEALERS • KALGOORLIE • AUGUST 2018 11
Slide 12: Operations – Backing Up Again in FY2019 with 210,000oz
OPERATIONS – BACKING UP AGAIN IN FY2019 WITH 210,000OZ § FY2019; For personal use only § Record group production forecast of 210,000oz § AISC of A$1,200/oz DIGGERS & DEALERS • KALGOORLIE • AUGUST 2018 12
Slide 13: Edna May – Reaching an Important Decision Point
EDNA MAY – REACHING AN IMPORTANT DECISION POINT § History For personal use only § 1950’s - Historical underground mining 570kt @ 19.5g/t for 356koz § 1985 to 1990 - ACM open pit mining of 4.5Mt @ 1.9g/t for 275koz § 1989 to 1992 - ACM underground decline, limited stoping before closure § 2009 - Cata
Slide 14: Edna May – Stage & Greenfinch Open Pits
EDNA MAY – STAGE 2 & GREENFINCH OPEN PITS STAGE 2 OPEN PIT For personal use only § To be mined to 250mbs, currently 225mbs § Complete late Sep 2018 Quarter GREENFINCH OPEN PIT (in blue) § Approvals timeframe up to 3x experienced elsewhere § Protected or Threatened plant species § Objections to Clear
Slide 15: Edna May – Stage Open Pit vs Underground Option
EDNA MAY – STAGE 3 OPEN PIT VS UNDERGROUND OPTION § Updated Mineral Resource (6 June 2018) For personal use only § Excludes Stage 2 open pit & stockpiles § 26.1Mt @ 0.9g/t Au for 794koz § Preliminary Stage 3 open pit § 380m deep (Stage 2 designed to 250m) § Crest ~100m from processing facility § Sig
Slide 16: Edna May – Stage Open Pit vs Underground Option
EDNA MAY – STAGE 3 OPEN PIT VS UNDERGROUND OPTION § Updated Mineral Resource (6 June 2018) For personal use only § Included within Resource on previous slide § 356Kt @ 6.7g/t Au for 77koz § Preliminary Underground mine design § Currently from 250m – 450mbs § Decline already in place, excellent groun
Slide 17: Mt Magnet – New Resources & Reserves Announced
MT MAGNET – NEW RESOURCES & RESERVES ANNOUNCED § +6Moz gold camp, RMS since 2011 For personal use only § Galaxy Mine Area § 4 open pits complete 2011-2017 § Drilling below Titan open pit § Cosmos Mine Area § Milky Way open pit underway § Stellar open pits underway § Shannon open pit underway § Water
Slide 18: Mt Magnet – Maiden Shannon UG Ore Reserve
MT MAGNET – MAIDEN SHANNON UG ORE RESERVE § Updated Mineral Resource For personal use only § Indicated 480,000 tonnes @ 5.0 g/t Au for 77,000oz § Inferred 290,000 tonnes @ 4.2 g/t Au for 39,000oz § Total 770,000 tonnes @ 4.7 g/t Au for 115,000oz § 25% increase on previous § Maiden Ore Reserve § 324,
Slide 19: Mt Magnet – Maiden Hill UG Ore Reserve
MT MAGNET – MAIDEN HILL 60 UG ORE RESERVE § Updated Mineral Resource For personal use only § Indicated 200,000 tonnes @ 4.4 g/t Au for 28,000oz § Inferred 160,000 tonnes @ 4.3 g/t Au for 22,000oz § Total 360,000 tonnes @ 3.3 g/t Au for 50,000oz § 8% increase on previous § Maiden Ore Reserve § 209,00
Slide 20: Mt Magnet – Eridanus Maiden Mineral Resource
MT MAGNET – ERIDANUS MAIDEN MINERAL RESOURCE Exploring for large, low strip ratio porphyry hosted deposits in the Boogardie Basin For personal use only § Maiden Mineral Resource § Indicated 2,840,000 tonnes @ 1.3 g/t Au for 123,000oz § Inferred 690,000 tonnes @ 1.1 g/t Au for 23,000oz § Total 3,530,
Slide 21: Vivien – Excellent Performer Below A$1,000/oz AISC
VIVIEN – EXCELLENT PERFORMER - BELOW A$1,000/OZ AISC § Consistent producer at 12.5koz per Qtr For personal use only § ~4,000m of deeper diamond drilling completed to 600mbs § Best results include; § 5.6m @ 5.20g/t from 330.4 in VVDD1064 § 10.3m @ 9.20g/t from 290.7m in VVDD1067 § Potential for lode
Slide 22: Greenfields Exploration – Farm-in & JV Projects in Nevada
GREENFIELDS EXPLORATION – FARM-IN & JV PROJECTS IN NEVADA (USA) JUPITER For personal use only § Farm-in & Joint Venture Agreement with Renaissance Gold Inc. § Ramelius has right to earn up to 75% by spending US$3M over 5 years § 7 RC holes drilled in December 2017 Quarter resulting in anomalous gold
Slide 23: We have the platform for growth!
BUILDING A MID TIER GOLD PRODUCER § Currently 7th Largest Producer For personal use only § Favourable Jurisdiction § Strategic Assets § Strong Balance Sheet § Excellent Management Team § Proven Track Record w We have the platform for growth! DIGGERS & DEALERS • KALGOORLIE • AUGUST 2018 23
Slide 24: Thank You
THANK YOU For personal use only DIGGERS & DEALERS • KALGOORLIE • AUGUST 2018 24
Slide 25: Production Targets, Mineral Resources & Ore Reserves Note
PRODUCTION TARGETS, MINERAL RESOURCES & ORE RESERVES NOTE For personal use only The Production Target: FY2019 – Group Production Profile, numbers are a production target. The overall target is based on current Probable Ore Reserves. The Target uses the current mine planning and budgeting methodology
Ramelius Resources — Diggers & Dealers Mining Forum 2018 on 6ix