Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Diggers & Dealers 2026
23 slides from Ramelius Resources's conference presentation, August 2026
Slide 1: Diggers & Dealers
AUGUST 2026 Diggers & Dealers Mark Zeptner – MD/CEO
Slide 2: Qualifications & Non-IFRS financial information
Qualifications & Non-IFRS financial information Forward Looking Statements This presentation contains certain forward-looking statements with respect to Ramelius Resources Ltd’s (ASX: RMS) (Ramelius or the Company) financial condition, results of operations, production targets and other matters that
Slide 3: Corporate overview
Corporate overview Corporate Profile Capital Structure Board of Directors Market Cap1 A$ 5.8B Bob Vassie Non-Executive Chair Mark Zeptner Managing Director Cash & Gold2 A$ 650M OUR VISION Listed investments2 A$ 93M David Southam Non-Executive Director To be a sustainable gold Fiona Murdoch Non-Execu
Slide 4: Ramelius' 2025 Vision
Ramelius’ 2025 Vision | to be a +500koz pa Producer by FY30 | 44
Slide 5: Turning a Vision into an achievable Plan
Turning a Vision into an achievable Plan | 525koz p.a. by FY30 1 5-Year and long-term Group production profile & AISC2,3 170% production growth FY26-30 driven by Dalgaranga and Rebecca-Roe ~ 525koz p.a. long term gold production rate with 7.5Mtpa total mill capacity; • Mt Magnet – 4.3Mtpa • Rebecca-
Slide 6: Gold production by Quarter
Gold production by Quarter | the production growth starts now… 6
Slide 7: Dalgaranga
Dalgaranga | out-performing on grade and recovery FY26 Actual vs October 2025 PFS1 Underground pump station Actual 181kt @ 5.06g/t & 81-84% Surface workshop rec. 81% met. rec. 92.4% metallurgical recovery once mill upgrade complete NOTES 1. Refer to ASX Announcement “Never Never PFS Maiden 1.6Moz Or
Slide 8: Mt Magnet
Mt Magnet | identified best solution with A$475M in real synergies Early works • Haul road works complete allowing accelerated haulage rates from Dalgaranga, road sealing planned for FY27 • Mt Magnet camp expansion - installation progressing (additional 236 rooms) Existing circuit (1) - 1.9Mtpa redu
Slide 9: Mt Magnet
Mt Magnet | powered by hybrid energy Hybrid power plant capacity Total hybrid power plant up to 46MW, low-emission energy with baseload piped gas Solar and battery installed 6.7MW solar power and 8.3MW battery storage Wind farm construction Foundations completed for 2 x 7MW wind turbines Hybrid ener
Slide 10: AISC
AISC | low-cost operation with more high-grade to come AISC RECONCILIATION • Excluding the earlier than expected commercial production from Never Never, the AISC1 for FY26 was A$1,840/oz, meeting original Guidance (A$1,700 - 1,900/oz) • Total costs for Never Never are in line with Guidance, however
Slide 11: Shareholder returns
Shareholder returns | “maintain, then grow” Interim Dividend (H1 FY26) Shareholder returns | (A$M) • Fully franked at 3 cents per share (A$57.7M) • Paid 15 April 2026 • Exceeds the minimum dividend of 2 cents per share annual commitment for FY26 Share buybacks • A$250M share buyback program was anno
Slide 12: Exceptional Exploration Upside
Exceptional Exploration Upside 12
Slide 13: Mt Magnet
Mt Magnet | exploration success leads to production upside Mt Magnet 5-year production profile (koz) & low-grade Opportunities to displace low-grade 1 Penny: extensions to Penny West to the south o FY26 exploration spend of A$7.0M o Mine plan to extend into FY27 2 Break of Day & Lena (Cue): undergro
Slide 14: Cue
Cue | Break of Day extensions and Lena underground potential Recent results1 include: Lena ➢ 19.7m at 5.73g/t ➢ 9.0m at 12.9g/t Break of Day ➢ 4.0m at 4.01g/t Lena conceptual design adds significant mine life to the Break of Day underground project NOTES 1. See RMS ASX “Exploration Update – High-Gra
Slide 15: Cue
Cue | Break of Day extensions and Lena underground potential Current Mineral Resources: Break of Day Underground ➢ 250Kt at 8.9g/t for 72koz1 Lena Underground: ➢ 910Kt at 3.6g/t for 110koz1 FY27 drill plan Continue surface drilling for conversion of Lena underground Inferred Mineral Resources to pro
Slide 16: Galaxy
Galaxy | extending mine life by accelerated exploration Recent results include1: ➢ 20.2m at 40.7g/t ➢ 10.5m at 3.16g/t ➢ 8.0m at 4.42g/t ➢ 12.0m at 3.38g/t ➢ 11.3m at 2.43g/t Current Mineral Resources: ➢ 6.2Mt at 2.7g/t for 530koz2 Exploration Target: ➢ 6.0 - 7.0Mt at 2.1 - 2.6g/t for 400 - 600koz3
Slide 17: Franks Tower
Franks Tower | high grade in the Eridanus corridor Recent results1 include: ➢ 3.6m at 113g/t ➢ 14.8m at 54.6g/t ➢ 3.8m at 5.01g/t ➢ 8.7m at 2.43g/t Recent drill results demonstrate Eridanus style mineralisation and high-grades up to 250m below surface Franks Tower Current Mineral Resources: ➢ 2.9Mt
Slide 18: Gilbey's Underground
Gilbey’s Underground | new underground mine potential Underground diamond drilling results1: Gilbey’s underground: ➢ 1.6m at 130g/t ➢ 3.7m at 38.2g/t ➢ 3.7m at 16.6g/t ➢ 12.9m at 8.70g/t ➢ 16.6m at 6.01g/t Current Gilbey’s Underground Mineral Resources: ➢ 6.9Mt at 1.9 g/t for 380koz2,4 Exploration T
Slide 19: Value accretive M&A
Value accretive M&A | great track record LOM CASH FLOWS – AS AT DECEMBER 2025 (A$M) LOM CASH FLOWS – AS AT DECEMBER 2025 (A$M) LOM CASH FLOWS1 – AS AT JUNE 2026 (A$M) • Edna May hub (incl. Tampia & Symes) generated A$430M1 in pre- tax free cash flow with sale proceeds of A$300M due Sep 2026 (acquisi
Slide 20: Ramelius' investment case
Ramelius’ investment case Reliable operational Sector leading cash flows team High margin / free cash flow Stand-out in sector for focused business with long delivery of Guidance life assets (Mt Magnet & Rebecca-Roe) Dividend yield above 170% production mid-tier ASX gold growth producers Pathway to
Slide 21: Thank you
Thank you RAMELIUS RESOURCES LIMITED | ASX: RMS Level 13, 58 Mounts Bay Road, Perth WA 6000 Authorised for release to the ASX by the Managing Director INVESTOR ENQUIRIES Mark Zeptner Managing Director Ramelius Resources Limited Ph: +61 8 9202 1127 Brian Massey General Manager Investor Relations Rame
Slide 22: Mineral Resources
Mineral Resources Mineral Resources (Summary) MINERAL RESOURCES AS AT 30 JUNE 2025 - INCLUSIVE OF RESERVES Measured Indicated Inferred Total Resource Project Deposit t g/t oz t g/t oz t g/t oz t g/t oz Open Pit deposits 2,200,000 1.6 110,000 36,000,000 1.5 1,700,000 20,000,000 1.2 780,000 59,000,000
Slide 23: Ore Reserves
Ore Reserves Ore Reserves (Summary) UPDATED ORE RESERVE STATEMENT AS AT 30 JUNE 2025 Project Mine Prov en Probable Total Reserv e t g/t oz t g/t oz t g/t oz Total Open Pit 20,000,000 1.2 780,000 20,000,000 1.2 780,000 Total Underground 3,200,000 2.4 250,000 3,200,000 2.4 250,000 Mt Magnet ROM & LG s