Ramelius Resources Limited · ASX:RMS
Ramelius Resources — What's Down the Track Forum – October 2007
23 slides from Ramelius Resources's conference presentation, Oct 25, 2007
Slide 1: Presentation to the What's Down the Track Forum – October 2007
For personal use only Ramelius Resources Limited Presentation to the What’s Down the Track Forum – October 2007 Ian Gordon Executive Director
Slide 2: Background
For personal use only BACKGROUND FORMATION • IPO launched in November 2002 • Listed on ASX in March 2003 • Beach Petroleum cornerstone investor and still largest shareholder EXPLORATION & MINING HISTORY • Exploration commenced at Black Cat in 2003 and Spargoville in 2004 • Wattle Dam discovered in 2
Slide 3: Summary
For personal use only SUMMARY ACHIEVEMENTS • Discovery and Development of Wattle Dam Gold Mine • Cash Acquisition of Burbanks Treatment Plant • Refurbishment and Recommissioning of Plant • Generation of Cash Flow Self Funding Exploration and Development • Maiden Dividend (~$800K) and Capital Return
Slide 4: Corporate Structure
For personal use only CORPORATE STRUCTURE DIRECTORS • Chairman: Bob Kennedy • Managing Director: Joe Houldsworth • Non-Executive Director: Reg Nelson • Executive Director: Ian Gordon SENIOR MANAGEMENT • CFO/Company Secretary: Dom Francese • Operations Manager: Brian Kelty • Process Manager: Tony Web
Slide 5: Capital Structure
For personal use only CAPITAL STRUCTURE (As at 31 August 2007) • ASX Code: RMS • Fully Diluted Market Capitalisation: $327m (@ $1.80 per share) • Issued Capital: 159,677,527 fully paid ordinary shares 6,531,122 options (11.187c) Expire 31 Dec 07 15,925,019 bonus options ($1.00) Expire 30 June 09
Slide 6: Top Ten Shareholders
For personal use only RAMELIUS RESOURCES LIMITED - TOP TEN SHAREHOLDERS at 31 August 2007 % Beach Petroleum Limited 20,100,003 12.59 HSBC Custody Nominees (Australia) Pty Ltd 11,311,453 7.08 Citicorp Nominees Pty Ltd 7,900,643 4.95 ANZ Nominees Limited 6,969,909 4.36 Mandurang Pty Ltd 6,415,117 4.02
Slide 7: Production & Financials Year Ending June 2007
For personal use only PRODUCTION & FINANCIALS YEAR ENDING 30 JUNE 2007 TONNES MINED 136,000 TONNES TREATED 66,000 GOLD PRODUCTION OZ 16,963 REVENUE $14,883,530 NET PROFIT $6.8M BASIC EARNINGS PER SHARE (CENTS) 7.2
Slide 8: Spargoville Project Area
For personal use only SPARGOVILLE PROJECT AREA • Tenements extend over 30 kilometres strike length • Located along Regional Shears • Large Mineralised System in Mafic and Ultramafic Rocks • Prospective for Gold and Nickel
Slide 9: Wattle Dam Open Pit
For personal use only Wattle Dam Open Pit - November 2006 Pit Depth 53m
Slide 10: Wattle Dam Gold Mine Longitudinal Projection
7700 mil 7800 mil 7900 mil 8000 mil 8100 mil | | | | | Ramelius Resources Limited Wattle Dam Gold Mine Existing Pit Outline RAMBUUS Diagramatic Longitudinal Projection _ Looking West SOUTH Surface NORTH WDRC289 16m @ 482g/'t Au from 123m (uncut) or 16m @ 41g/t Au from 123m (cut) 300 mmRL WDRC296 11m
Slide 11: Wattle Dam High Grade Zone Long Section
For personal use only Wattle Dam High Grade Zone Long Section 9m @ 39 g/t (454 g/t uncut) 16m @ 41 g/t (482 g/t uncut) 11m @ 35 g/t (48 g/t uncut) 13m @ 22 g/t (32 g/t uncut) Diamond drilling to test northerly plunge underway 48m @ 35 g/t (154 g/t uncut)
Slide 12: Wattle Dam High Grade Zone Section
For personal use only Wattle Dam High Grade Zone Section 7980N 16m @ 41.3 g/t (454 g/t uncut) Diamond drilling to test northerly plunge of High Grade Zone underway
Slide 13: Estimated Production / Ore Stockpiled
For personal use only ESTIMATED PRODUCTION 07 / 08 ORE STOCKPILED ~100,000 Tonnes at 10 g/t (uncut) MILLING RATE ~15,000 Tonnes per month EST. MONTHLY GOLD PRODUCTION ~3,000 ozs (Annualised equivalent 36,000 ozs/year) TARGET PRODUCTION of 75,000 oz p.a. by early 2009
Slide 14: Burbanks Treatment Plant
For personal use only BURBANKS TREATMENT PLANT • Acquired 180,000 tpa Gold Plant • Funded from Reserves • Advances Cash Flow • Security of Processing Availability • Re-commissioning Completed – Running 24/7
Slide 15: Exploration: Discovering our Future
For personal use only EXPLORATION Discovering our Future
Slide 16: Spargoville Belt Large Mineralised System
For personal use only SPARGOVILLE BELT IS A LARGE MINERALISED SYSTEM WITH - ~20 Priority Gold Targets ~17 Priority Nickel Sulphide Targets ~Several TantalumTargets
Slide 17: Gold and Nickel Exploration
For personal use only GOLD AND NICKEL EXPLORATION GOLD TARGETS • Golden Orb (800m South of Wattle Dam) • West Larkinville (RC drilling completed) • Eagles Nest (RC Drilling underway) • North Widgie (south of Wattle Dam) • Central Gold (targets Wattle Dam structure under cover to the north) NICKEL TA
Slide 18: Golden Orb Prospect Cross Section
For personal use only GOLDEN ORB PROSPECT CROSS SECTION • 50M Wide Mineralisation • Higher Grade zones • Open to North West • RC Drilling November 07
Slide 19: West Larkinville Prospect
For personal use only WEST LARKINVILLE PROSPECT Gold in Soil Anomalies First Pass RAB Drilling returned 52m at 1.4g/t gold including 32m at 2.0g/t gold from 12m depth. RC follow-up drilling completed August 07 – Results Pending
Slide 20: Golden Eagle Tenement
For personal use only GOLDEN EAGLE TENEMENT Purchased in March 2007 Geological setting is sheared ultramafics (same as Wattle Dam) Large alluvial gold shed including the famous Golden Eagle Nugget (1135 oz) found in 1931
Slide 21: Golden Eagle Prospect
For personal use only GOLDEN EAGLE PROSPECT Auger drilling defined coherent gold anomaly on western portion of the tenement Drilling to north has intersected ore grade material RC Drilling commenced in October 07 and results expected by mid December
Slide 22: Ramelius Nickel Rights
For personal use only RAMELIUS NICKEL RIGHTS Hilditch 90% Wattle Dam 80% Logans Larkinville 80% The Spargoville Ultramafic Belt contains historic Spargoville Nickel mines which have produced 14,000t on Nickel Ramelius holds 50km of ultramafics including 10km of the belt in which the Spargoville and
Slide 23: Nickel Projects
For personal use only NICKEL PROJECTS Ramelius has generated 17 Nickel Sulphide targets RAB Drilling on these targets commenced June 2007 - Results Pending Diamond Drilling in November 2007 at 1A North and Hilditch At 1A North sulphides have been intersected with associated EM conductor
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