Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Denver Gold Forum September 2022
22 slides from Ramelius Resources's conference presentation, Sep 19, 2022
Slide 1: Ramelius Resources - Denver Gold Forum September 2022
For personal use only Tim Manners Chief Financial Officer ASX:RMS RAMELIUS RESOURCES September 2022
Slide 2: Qualification: Forward Looking Statements and Competent Persons Statement
QUALIFICATION Forward Looking Statements 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 uncertainties. Actual resu
Slide 3: Corporate Summary
CORPORATE SUMMARY Market Cap! AS643M (US$450M) @ ASO.74 per share FY22 Production? 258,6250z @ AISC A$1,523/o0z (US$1,066/0z) Cash & Gold? AS172.9M (US$121M) FY23 Guidance? 240,000 — 280,0000z @ AISC of A$1,750 — 1,950/oz (US$1,225 — 1,365/oz) Debt? Nil (Undrawn AS100M [US$70M] facility) Mineral Res
Slide 4: Mission, Values, Strategy and the Essentials
MISSION, VALUES, STRATEGY AND THE ESSENTIALS Sas PH OUR STRATEGIC PRIORITIES To be a sustainable GOLD PRODUCER A) Feed Existing Hubs w that focuses on delivering Business Risk Ss U oS E RI oO 4 Acquire Third Hub és Continuity Ramelius Management R E T U R wl S ‘ Essentials for stakeholders Complianc
Slide 5: Project Overview - Two Production Centres in Western Australia
PROJECT OVERVIEW - TWO PRODUCTION CENTRES IN WESTERN AUSTRALIA > 1) Mt Magnet: Mt Magnet has produced over 6Moz since mining first began in 1891 2.0Mt pa mill with both open pit and underground sources within 5km High grade Vivien underground ore being hauled since 2016 High grade Penny underground
Slide 6: 2022 Resources & Reserves
2022 RESOURCES & RESERVES? > Mineral Resources = 130Mt @ 1.5¢/t for 6.2Moz (up 15%) » Ore Reserves = 18Mt @ 1.8¢/t for 1.1Moz (maintain) > FY23 Resource conversion potential =" Rebecca (1.2Moz) = Edna May (940koz) * Hill 50 (360koz) > Mining Studies underway to convert Resources to Reserves Mineral
Slide 7: Maintaining Margins Through COVID-19
MAINTAINING MARGINS THROUGH COVID-19 » Production increased year-on-year by +20% from FY15 to FY21 Gold Production with Gold Price & AISC (A$/oz) FY22 Actual: V ® 258,6250z at AISC of A$1,523/o0z (US$1,066/0z)* » AISC profile seeing cost pressures stemming from inflation & COVID related impacts W Sa
Slide 8: Key Project Updates
, y sth Wy iy Wii KEY PROJECT UPDATES
Slide 9: Penny - Starting the First Ore Drive in One of Australia's Highest Grade Gold Mines
PENNY - STARTING THE FIRST ORE DRIVE IN ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES Mineral Resources - 530kt @ 17.2g/t for 290koz? Ore Reserve - 490kt @ 15.0g/t for 230koz?* Feasibility Study completed October 2020* AISC of AS633/oz — inflated to AS749/oz (US$524/oz) current a, ( Upfront capital wo
Slide 10: Mt Magnet: Galaxy (Saturn & Mars) - Extensions Likely
MT MAGNET: GALAXY (SATURN & MARS) - EXTENSIONS LIKELY » Decline rehab progressing well currently ~550m down » 5S year mine plan identified initially with extensions likely » High grade BIF and lower grade bulk breccia mineralization intersected below Saturn mine plan* » Recent diamond drilling resul
Slide 11: Sources of Future Growth
TH WT LY LULL, Y, HH i i // WI LEY SOURCES OF FUTURE GROWTH
Slide 12: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES* Centre Study Description Next Key Date Hill 50 underground: Desktop Study complete, Scoping Study in progress December 2022 Eridanus underground: Pre-Feasibility Study, awaiting further drilling and pit deepening TBA Mt Magnet | Bartus East: diamond drilli
Slide 13: Mt Magnet: Hill 50 - Scoping Study
MT MAGNET: HILL 50 - SCOPING STUDY wt TT 400R. — | > 2.1Moz mined historically, Mt Magnet’s largest producer s00R. — He a — , 200RL — f i = > Latest Mineral Resource: 1.6Mt at 6.0g/t Au for 360koz* —— Bae yc = = _ i= = \ t+ » Desktop Study positive based on 2022 pricing assumptions — ~ _ ee alaxyUG
Slide 14: Mt Magnet: Bartus - Underground Potential Within 5km of the Mill
MT MAGNET: BARTUS - UNDERGROUND POTENTIAL WITHIN 5KM OF THE MILL > Further results from recent RC and diamond drilling’: = SARTUS EASE DRILLING = 45.6m at 10.4g/t Au from 328m, including 10.4m at 31.9g/t Au from 351m = 41.0m at 7.50g/t Au from 223m, including 4.4m at 52.9g/t Au from 234.8m " 5.4m at
Slide 15: Rebecca Project - Resource Upgraded, Exploration Upside to Come
REBECCA PROJECT - RESOURCE UPGRADED, EXPLORATION UPSIDE TO COME » A proven, regional-scale gold belt & Tier 1 location = 150km NE from Kalgoorlie, Australia’s premier gold province Rebecca Pit * Conceptual Design = Southern end of the +30Moz Laverton Tectonic Zone >» Latest Mineral Resource~ = 23,00
Slide 16: Inorganic Growth - Return on Investment a Key Driver
INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER . oy LoM Cash Flows - as at June 2022 » Track record of generating positive (net) cash flow* from new projects 170 4 130 4 » Inventory build up shown in chart as notional = | cashflow: =) 9 = Marda: 489kt @ 1.4g/t for 22koz coo | J (4) (10) (14) (
Slide 17: Inorganic Growth - Third Production Centre Strategy
INORGANIC GROWTH - THIRD PRODUCTION CENTRE STRATEGY >» Ramelius has two production centres at Mt Magnet & Select ASX Gold Producers - FY22 Gold Production (koz)' Edna May, currently producing 250-280koz per annum 1.956 » Strategy has been to acquire a 3 production centre to BB > 3 Production Centres
Slide 18: Ramelius - Well Positioned for FY23 and Beyond
RAMELIUS - WELL POSITIONED FOR FY23 AND BEYOND Proven management team adept in either greenfields development or refurbishment & operation of both open pit and underground mines i ss MELE ep Strong balance sheet, disciplined approach to capital management with a id ae focus on both growth aspiration
Slide 19: Thank You
THANK YOU Ramelius Resources Limited ASX Code: RMS " ie USe Only ‘> £ | i: ~ <—=—T TT Ce, a = Investor enquiries: @ . al 5 Se! = Mark Zeptner Tim Mannéys 23'S = ManagingDirector Chief-Financial Officer =) Ramelius Resources Ltd Ramelius Resources Ltd Ll Ph: +61 8 9202 1127 Ph: +61 8 9202 1127 RAMELI
Slide 20: Appendix - 2022 Mineral Resource Statement
APPENDIX 1 - 2022 MINERAL RESOURCE STATEMENT MINERAL RESOURCESAS AT 30 JUNE 2022 - INCLUSIVE OF RESERVES RAMELIUS RESOURCES ff For detailed information relating to Mineral Resources see ASX Releases (RMS) “Resources and Fours rorcest 2s orfcatigzes Rarcing eros m3, oct i 4,300000 . Bais Gckig 49,000
Slide 21: Appendix - 2022 Ore Reserve Statement
APPENDIX 2 - 2022 ORE RESERVE STATEMENT ORE RESERVE STATEMENT AS AT 30 JUNE 2022 — - For detailed information relating to Ore Reserves : : see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 13 September 2022. Boomer 130,000 130,000 Brown Hill 620,000 1.6 31,000 620,000 1.6 31,000 The Co
Slide 22: Appendix - Production Information from Peer Companies
APPENDIX 3 - PRODUCTION INFORMATION FROM PEER COMPANIES Code FY22 Production Date Source NCM 1,956koz 21-Jul-22 June 2022 Quarterly NST 1,561koz 20-Jul-22 June 2022 Quarterly EVN 640koz 21-Jul-22 June 2022 Quarterly RRL 437koz 26-Jul-22 June 2022 Quarterly SBM 281koz 08-Jul-22 FY22 Production Update
Ramelius Resources — Denver Gold Forum September 2022 on 6ix