Slide 1: The Path to 150,000 ounces pa
For personal use only The Path to 150,000 ounces pa Ramelius Resources Limited Diggers & Dealers – August 2016
Slide 2: Qualification
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 3: Strong capital position, primed for growth
Strong capital position, primed for growth For personal use only Capital Structure (as at 29 July 16) Board & Management Shares on Issue* 525M Non-Executive Chairman Robert Kennedy Market Cap (at $0.55 per share, $A:US$ 0.75) A$289M (US$217M) Cash & Gold Estimate* A$75M (US$56M) Managing Director Ma
Slide 4: Share Placement to Institutional Investors
Share Placement to Institutional Investors For personal use only Offer Details 12 Month Trading History 0.70 20,000,000 26 July 2016 - announcement of share placement to high 18,000,000 quality institutional investors primarily in North America 0.60 16,000,000 50M new shares issued at $0.50 per
Slide 5: Use of funds - project development
Use of funds - project development For personal use only Description Amount Rationale Bring forward as much as possible, high grade Water Tank Hill decline A$11.5M underground ore close to the processing plant Bring forward open pit base-load ore from Milky Way pre-strip A$15M FY2019 into FY2018 Tit
Slide 6: Use of funds - brownfields exploration
Use of funds - brownfields exploration For personal use only Description Amount Rationale Provide longer term open pit base-load feed Mt Magnet porphyries (Milky Way et al) A$5M close to the processing plant To explore for deeper high grade resources / Vivien extension drilling A$1M reserves down di
Slide 7: Key geographic focus - Western Australia
Key geographic focus - Western Australia For personal use only Mt Magnet Gold Mine & Plant Kathleen Valley Gold Mine Mill Capacity 1.7Mtpa Resource 163koz Resource 1.8Moz Reserve 55koz Reserve 268koz Grade 4.2g/t Grade 2.1g/t Life 0.5 year Life 4 years A$854/oz AISC A$1,250/oz (US$640/oz) AISC (US$9
Slide 8: Production Targets - New Year Plan
Production Targets* - New 4 Year Plan New 4 Year Plan using primarily Ore Reserves & Indicated Resources (90%) with further extensions to come For personal use only *1,2FY2019 & FY2020 production targets for Mt Magnet & Vivien contain Inferred Resources (10%), refer to slide 27 for further details.
Slide 9: Capital Requirements - New Year Plan
Capital Requirements - New 4 Year Plan As a result of the recent capital raise, Milky Way development to be brought forward to FY2017 For personal use only 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
Slide 10: Operations
For personal use only Operations
Slide 11: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine For personal use only Galaxy open pits - mining since 2011 Perseverance (Percy) pit • 120m deep, 150m final depth • Average grade 1.80g/t, currently +2.0g/t • Jan 2015 - current Titan pit • 165m final depth • Average grade 1.40g/t • Commenced June 2016 Ramelius
Slide 12: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine use only Milled Tonnes & Head Grade Gold Production & Costs 700,000 3.00 35,000 2,000 Vivien underground 2.75 32,500 SAG mill Kathleen repairs Ball mill 1,800 600,000 Valley pits 30,000 motor 2.50 27,500 1,600 2.25 500,000 25,000 1,400 Saturn & Gold Production (oz) F
Slide 13: Mine Life Extensions - Mt Magnet Gold Mine
Mine Life Extensions - Mt Magnet Gold Mine For personal use only • Gold discovered 1880, production >6Moz • Hill 50 u/g mine (2.1Moz) → now Galaxy • Morning Star o/p & u/g mine (1.4Moz) • Processing Plant refurbished in 2012 • Gold mineralisation Banded Iron Formation (BIF) hosted (Galaxy, Water T
Slide 14: Mine Life Extension - Water Tank Hill & St George
Mine Life Extension - Water Tank Hill & St George Water Tank Hill Ore Reserve near existing St George decline, scheduled for commencement late 2016 For personal use only Underground drilling planned for late 2017 Ore Reserve Physicals June 2015 Mine Life 2 years Mineral 105koz Resource Ore Reser
Slide 15: Mine Life Extension - Milky Way
Mine Life Extension - Milky Way • Large porphyry hosted For personal use only stockwork vein style deposit • New Resource announced May 2016 (>0.7 g/t) Category Tonnes Grade Ounces Indicated 4,096,000 1.3 165,000 Inferred 1,898,000 1.2 76,000 Total 5,994,000 1.3 241,000 • Additional drilling also co
Slide 16: Mine Life Extension – Brown Cow, Stellar West et al
Mine Life Extension – Brown Cow, Stellar West et al For personal use only Ramelius Resources Limited • Diggers and Dealers, Kalgoorlie – August 2016 16
Slide 17: Operations - Vivien Gold Mine
Operations - Vivien Gold Mine For personal use only Ore Reserve Physicals June 2015 Mine Life 4 years Mineral Resource 184koz Mine Plan 109koz Grade 7.6 g/t Recovery 95.0% Recovered Ounces 104koz Financials Up Front Capital A$16.3M C1 Cash Cost A$766/oz Royalties A$120/oz AISC A$990/oz Total Cost A$
Slide 18: Operations - Vivien Gold Mine
Operations - Vivien Gold Mine For personal use only 360 North Ore Drive Face #64 grade – 21.5g/t 320 North Ore Drive Face #10 grade – 12.4g/t Ramelius Resources Limited • Diggers and Dealers, Kalgoorlie – August 2016 18
Slide 19: Mine Life Extension - Vivien Gold Mine
Mine Life Extension - Vivien Gold Mine For personal use only • Upper level (S/P #1) drilling completed Feb 16. Results* included; 3.5m @ 7.6 g/t 2.4m @ 8.9 g/t • Improved resource knowledge gained and evaluation underway • Deeper exploration drilling planned for FY2017 as decline progresses ~3
Slide 20: Operations - Kathleen Valley Gold Mine
Operations - Kathleen Valley Gold Mine For personal use only Ore Reserve Physicals June 2015 Mine Life 0.5 years Mineral Resource 163koz Ore Reserve 55koz Grade 4.2 g/t Recovery 95.0% Recovered 52koz Ounces Financials Purchase Cost A$4.05M Up Front Capital A$1.4M C1 Cash Cost A$671/oz AISC A$826/oz
Slide 21: Exploration Projects
For personal use only Exploration Projects
Slide 22: Exploration - Project Locations
Exploration - Project Locations For personal use only Ramelius Resources Limited • Diggers and Dealers, Kalgoorlie – August 2016 22
Slide 23: Exploration - Tanami JV (NT) – Ramelius 85%
Exploration - Tanami JV (NT) – Ramelius 85% • 1,700km2 of highly prospective geology For personal use only • 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 EL26625: >10ppb gold a
Slide 24: Where is the Value?
Where is the Value? • RMS well below average EV/Production multiple based on 135,000 ounces in FY2017 For personal use only • Discrepancy even larger at 150,000 ounces per annum Australian Gold Producers | FY17 Production Multiples $6,000 $5,000 $4,000 Production Multiples (A$ per oz) $3,000 $2,000
Slide 25: FY2017 Key Focus Areas
FY2017 Key Focus Areas For personal use only Mine-life extensions • New 4 Year Life-of-Mine plan highlighted by extensions at Mt Magnet and Vivien • New resources near existing operations → Milky Way & Blackmans at Mt Magnet • Greenfields exploration opportunities → recent gold anomalies in the Tana
Slide 26: Thank you, see us at Booth #132
Thank you, see us at Booth #132 For personal use only Ramelius Resources Limited • Diggers and Dealers, Kalgoorlie – August 2016 26
Slide 27: 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) 10 Sept 2015, ‘Resources and Reserves Statement’. ¹ Vivien Production Target based on (by ounces) Ore Reserves (55%), Indicate
Slide 28: Mineral Resource Statement
Mineral Resource Statement MINERAL RESOURCES AS AT 30 JUNE 2015 - INCLUSIVE OF RESERVES For personal use only Measured Indicated Inferred Total Resource Deposit Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz Galaxy 823 1.5 40,000 6,318
Slide 29: Ore Reserve Statement
Ore Reserve Statement For personal use only ORE RESERVE STATEMENT AS AT 30 JUNE 2015 For detailed information relating to Proven Probable Total Reserve Ore Reserves see ASX release (RMS) 10 Tonnes Au Au Tonnes Au Au Tonnes Au Au Sept 2015, ‘Resources and Reserves ('000s) g/t Oz ('000s) g/t Oz ('000s