Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Investor Presentation (January 2004)
24 slides from Ramelius Resources's investor presentation, January 2004
Slide 1: Rights Issue Broker Presentation
Ramelius Resources Ramelius Resources Limited Limited Rights Issue Rights Issue Broker Presentation Broker Presentation January 2004 January 2004
Slide 2: Corporate Strategy
Corporate Strategy Establish an early revenue stream from low risk / low cost advanced projects to help fund the ongoing exploration and development of the company’s diversified projects Focus on projects that are strategically located for low cost exploration and development, near transport, access
Slide 3: Company Overview
COMPANY OVERVIEW DIRECTORS BOB KENNEDY (CHAIRMAN) JOE HOULDSWORTH (MANAGING DIRECTOR) REG NELSON (NON EXECUTIVE DIRECTOR) COMPANY MANAGEMENT JOE HOULDSWORTH (MANAGING DIRECTOR) GORDON DUNBAR (CONSULTING GEOLOGIST) DOM FRANCESE (COMPANY SECRETARY) ISSUED CAPITAL 36,289,002 fully paid ordinary shares
Slide 4: Project Locations in Proven Areas
Project Locations in Proven Areas + Royalty Interests + Royalty Interests: Inactive • Sandstone – Herald Resources • Siberia – Aurion Gold • Spargos Reward – Amalg Resources • Eucalyptus – Western Metals • Bulong – Anglo Gold Active • Edjudina – Sons of Gwalia
Slide 5: Current Projects Gold, Nickel, Copper-Zinc
Current Projects Gold, Nickel, Copper – Zinc Gold • Advanced – Black Cat, Wattle Dam • Drill Targets – Black Cat (3 Targets), Wattle Dam (3 Targets), Bonnievale, Gnarlbine, Hilditch, North Widgie (4 Targets), Cuddingwarra (Total:14 Targets) • Advanced Exploration – Blue Hills, Gnarlbine, Parker Rang
Slide 6: Advanced Gold Projects Low Risk / Low Cost / Early Cashflow
Advanced Gold Projects Low Risk / Low Cost / Early Cashflow Black Cat South – Black Cat Development Area • 250,000t @ 2.7 g/t Au Resource (~22,000 oz) • Toll Plant 40 km on public haul road • In house PFS completed – Infill drilling for reserves + FS • Target mining by 3Q 2004 at cash margin of ~$15
Slide 7: Strategic Locations in Highly Prospective Gold Belts
Strategic Locations in Highly Prospective Gold Belts BLACK CAT KUNDANA PROJECT KALGOORLIE BONNIEVALE IDA FAULT PROJECT HANNAN PROJECT 3 MILE HILL SOUTH COOLGARDIE NEW CELEBRATION GREENFIELDS JUBILEE KAMBALDA GNARLBINE PROJECT SPARGOVILLE REGIONAL PROJECT
Slide 8: Advanced Gold Project: Black Cat Development Area
Advanced Gold Project: Black Cat Development Area First Resource Identified Black Cat South (~22,000 oz Au cut) indicated & inferred Resource Additional ground acquired with resource potential On Granted mining leases. 3 additional drill targets –
Slide 9: Black Cat South - Section 5000E Typical Resource Outline
Black Cat South - Section 5000E Typical Resource Outline TRANSPORTED ALLUVIUM RESOURCE OUTLINE GRANITE BASALT
Slide 10: Potential For Major Gold Resource At Gnarlbine
Potential For Major Gold Resource At Gnarlbine Large project area of approx. 230 Km2 – Granted 21/10/03 Located in well- mineralised greenstone belt (+170koz gold production in 1990s) Two large geochemical targets: Canyon anomaly partially drilled with bedrock gold values to 2 g/t (by 2Q2004) Triton
Slide 11: Spargoville Regional Project
Spargoville Regional Project Major Au & Ni Project First time in 40 years that the key 30 kms of the gold WATTLE belt under majority HILDITCH DAM control PROJECT PROJECT Approx. 50 km from Coolgardie Au treatment plants via sealed road NORTH Ramelius equity LOGAN WIDGIE LARKINVILLE BLOCK 75 to 100%
Slide 12: Spargoville North Widgie
HILDITCH Gold / Nickel Spargoville WATTLE DAM ~22,000 ozs Au(Cut) North Widgie WATTLE DAM SOUTH Gold Gold & Nickel 100ppb Gold LARKINVILLE Project NORTH Gold 0ppb Gold LARKINVILLE Gold
Slide 13: Advanced Gold Project: Wattle Dam Mining Leases
Advanced Gold Project: Wattle Dam Mining Leases Native Title Agreement – Dec 2003 Inferred resource of 150,000t @ 4.6g/t [Top cut to 20g/t](~22,000 ozs) – lightly explored Numerous (+4) follow-up gold targets defined from geochemistry survey Zones of multiple high grade gold drill intersections Rame
Slide 14: Hilditch Project Aeromagnetics Image
Hilditch Project AEROMAGNETICS IMAGE Total Magnetic Intensity • Along strike from known nickel resources “Spargoville 1A & 5A” • Promising Ni geochemistry • “Good ultramafics!” • Infill TEM Survey on EM “Identified bedrock conductor” ANOMALIES • Drilling to follow
Slide 15: Blue Hills
BLUE HILLS AN EMERGING GOLD PROJECT IN THE PROTEROZOIC EARAHEEDY BASIN 5 km long zone of Au anomalies (stream sediment geochemistry) Targeting Major Proterozoic-style gold deposits eg Telfer, Ashburton basin, Tennant Ck etc. Planned program of soil sampling, geological mapping and rock chip sampling
Slide 16: Towards Production
TOWARDS PRODUCTION…….. BLACK CAT Delineate Reserves – Feasibility Study Drill Test 3 Additional Au Resource Targets Extensional Drilling – BLACK CAT SOUTH WATTLE DAM Delineate Reserves – Feasibility Study Drill Test 3 Additional Au Resource Targets HILDITCH Drill Test New Au Anomalies Geophysics ove
Slide 17: Advanced Gold Projects & Selected Resource Targets
ADVANCED GOLD PROJECTS & Selected Resource Targets CURRENT RESOURCE RESOURCES TARGETS BLACK CAT ~22,000 ozs(cut) >3 X Current WATTLE DAM ~22,000 ozs(cut) >3 X Current NORTH WIDGIE - >3 X Current + Wattle Dam GNARLBINE - ~0.5M oz Resource BLUE HILLS ~1.0M oz Resource TOTAL ~44,000 ozs(cut)
Slide 18: Project Status Planned Activities
PROJECT STATUS Planned Activities Project Metal/ Program Timing Budget $000s Prospect Black Cat Au Drilling, FS, 3Q2004 300 Production Wattle Dam Au As above 2Q2004 300 Black Cat Au Targets Drilling By 2Q2004 150 Wattle Dam Au Targets Drilling By 3Q2004 150 North Widgie Au targets Drilling By 4Q2004
Slide 19: Achievements Since Listing
ACHIEVEMENTS SINCE LISTING DRILLING • ~9000m at Black Cat, Bonnievale and Cuddingwarra Projects RESOURCES • Defined Resource at Black Cat South ACQUISITIONS/FARM OUTS • North Widgie, Cuddingwarra , Black Cat Extension EXPLORATION SAMPLING & MAPPING • Hilditch, Ingebong, Rhodes, Blue Hills TITLE GRAN
Slide 20: Summary of Expenditure to September 2003
SUMMARY OF EXPENDITURE TO SEPTEMBER 2003 Area Description $ 000s Debt Repayment Loans prior to listing 619 Vendor Payments Project Acquisitions 209 IPO Related costs Prospectus Preparation & Marketing and 804 Pre-float Operating Costs Exploration Drilling, Sampling etc. 509 Fixed Assets Office Compu
Slide 21: Rights Issue
RIGHTS ISSUE Renounceable Rights Issue One for One raising up to $4 million 36.3 million new shares $0.11 per new share (pre-announcement market price $0.145) 24% discount to pre-announcement market price Shareholders can take up offer, sell rights, apply for additional shortfall shares Purpose of t
Slide 22: Rights Issue Pro Forma Financial Position
RIGHTS ISSUE PRO FORMA FINANCIAL POSITION 30Jun03 Rights Pro- Issue* Forma $000 $000 $000 Cash 1,558 3,692 5,250 Receivables & other 104 104 Current assets 1,662 5,354 Property, plant & equipment 10 10 Exploration, evaluation & development expenditure 1,819 1,819 Non-current assets 1,829 1,829 Total
Slide 23: Rights Issue Application of Proceeds
RIGHTS ISSUE APPLICATION OF PROCEEDS Use of Proceeds (Indicative estimates) $000s Planned exploration activities 2,500 Corporate & asset acquisition opportunities 700 Working capital 500
Slide 24: Rights Issue Timetable
RIGHTS ISSUE Timetable Date Event 5 Jan 04 Rights trading commenced/shares trade ex rights 9 Jan 04 Record date for rights entitlements 13 Feb 04 Rights trading ends on ASX 16 Feb 04 First day of trading new shares (deferred settlement basis) 20 Feb 04 Closing date for acceptance & payment 12 Mar 04
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