Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Investor Presentation (January 2004)
24 slides from Ramelius Resources's investor presentation, Jan 16, 2004
Slide 1: Slide 1
Slide 2: Corporate Strategy
Corporate Strategy i ‘@ 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
Slide 3: Company Overview
COMPANY OVERVIEW p © 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
Slide 4: Project Locations in Proven Areas
Project Locations in Proven Areas + Royalty Interests RAMBLIUS INGEBONG PiLLS RHODES/BLUE HILLS| Royalty Interests: Inactive Active Sandstone — Herald Resources Siberia ~ Aurion Gold Spargos Reward ~ Amalg Resources Eucalyptus ~ Western Metals Bulong -- Anglo Gold Edjudina -- Sons of Gwalia
Slide 5: Current Projects
Current Projects Gold, Nickel, Copper — Zinc RAMELIUS J; in Gold Advanced — Black Cat, Wattle Dam « Drill Targets — Black Cat (3 Targets), Wattle Dam (3 Targets), Bonnievale, Gnaribine, Hilditch, North Widgie (4 Targets), Cuddingwarra (Total:14 Targets) « Advanced Exploration — Blue Hills, Gnaribine
Slide 6: Advanced Gold Projects
Advanced Gold Projects RY Low Risk / Low Cost/ Early Cashflow | Bama 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 margi
Slide 7: Strategic Locations in Highly Prospective Gold Belts
Strategic Locations in Highly Prospective Gold Belts RAMELIUS BLACK CAT PROJECT a GNARLBINE PROJECT SPARGOVILLE REGIONAL PROJECT 7 >
Slide 8: Advanced Gold Project: Black Cat Development Area
Advanced Gold Project: Black Cat Development Area First Resource Identified in RAMELIUS F Ss cnom / Soy ABDTGWAL GREENE ACERS M1616 —- BLACK CAT RESOURCE ..DEFINITION AREA BLACK CAT RESOURCE DEFINITION AREA | . @ Black Cat South (~22,000 oz Au cut) indicated & inferred Resource | @ Additional ground
Slide 9: Black Cat South - Section 5000E
Black Cat South - Section 5000E Typical Resource Outline Sustmh STOomh 2TSOmbl 200m HL I Sn Mi SOOMRL RAMELIUS
Slide 10: Potential For Major Gold Resource At Gnarlbine
Potential For Major Gold Resource At p) Gnarlbine RAMELIUS | @ Large project area of approx. 230 Km? — 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
Slide 11: Spargoville Regional Project
Spargoville Regional RAMELUS J Project ‘@. Major Au & Ni Project in ‘G. First time in 40 years that the key 30 kms of the gold belt under majority control ©: Approx. 50 km from Coolgardie Au treatment plants via sealed road | @. Ramelius equity 75 to 100% ‘: Nearby Ni Production ©. Additional Teneme
Slide 12: Hilditch Gold / Nickel
HILDITCH Gold ! Nickel ee | WATTLE DAM ~22,000 ozs Au(Cut) —— AuCuty WATTLE DAM SOUTH Gold LARKINVILLE NORTH Gold ae suenaaee, LARKINVILLE ‘GOLD (ppb) | | Gola in RAMELIUS F Spargoville North Widgie Gold & Nickel Project
Slide 13: Advanced Gold Project: Wattle Dam Mining Leases
Advanced Gold Project: Wattle Dam Mining Leases RAMELIUS ¥ " Native Title Agreement — Dec 2003 ‘©: Inferred resource of 150,000t @ 4.6g/t [Top cut to 20g/t](~22,000 ozs) — lightly explored ‘G Numerous (+4) follow-up gold targets defined from geochemistry survey WATTLE DAM 7800NPROSPECT .. CROSS SECT
Slide 14: Hilditch Project
Hilditch Project PY AEROMAGNETICS IMAGE RaMELiUS ¥ Total Magnetic Intensity * Along strike from known nickel resources “Spargoville 1A & 5A” * Promising Ni geochemistry * “Good ultramafics!” * Infill TEM Survey on “Identified bedrock conductor” * Drilling to follow
Slide 15: Blue Hills
BLUE HILLS AN EMERGING GOLD PROJECT IN THE PROTEROZOIC RAMELIUS EARAHEEDY BASIN in : 5 km long zone of Au anomalies (stream sediment geochemistry) & Targeting Major Proterozoic-style gold deposits eg Telfer, Ashburton basin, Tennant Ck etc. RHODES LEGEND : ‘@: Planned program of Sediimentory Earanee
Slide 16: Towards Production
TOWARDS PRODUCTION........ pe BLACK CAT m 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 Anoma
Slide 17: Advanced Gold Projects: Selected Resource Targets
ADVANCED GOLD PROJECTS & Selected Resource Targets RAMELIUS F " BLACK CAT WATTLE DAM NORTH WIDGIE GNARLBINE BLUE HILLS TOTAL CURRENT RESOURCES ~22,000 ozs(cut) ~22,000 ozs(cut) ~44,000 ozs(cut) RESOURCE TARGETS >3 X Current >3 X Current >3 X Current + Wattle Dam ~0.5M oz Resource ~1.0M oz Resource
Slide 18: Project Status
PROJECT STATUS y Planned Activities RaMELYS F Project Metal/ Program Timing Budget $000s Prospect Black Cat Au Drilling, FS, 3Q2004.- 300 HO ~. Production noe a Wattle Dam Au As above 2Q2004 : 300- Black Cat Au Targets Drilling By 202004 150 Wattle Dam Au Targets Drilling By 3Q2004 150 North Widgie
Slide 19: Achievements Since Listing
ACHIEVEMENTS SINCE LISTING i 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 GR
Slide 20: Summary of Expenditure to September 2003
SUMMARY OF EXPENDITURE PY TO SEPTEMBER 2003 RAMELIUS J, 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 As
Slide 21: Rights Issue
RIGHTS ISSUE in RAMELIUS F ‘.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
Slide 22: Rights Issue: Pro Forma Financial Position
RIGHTS ISSUE y PRO FORMA FINANCIAL POSITION | ila Cash Receivables & other Current assets Property, plant & equipment Exploration, evaluation & development expenditure Non-current assets Total Assets Payables & provisions Current liabilities Net Assets * Assumes issue costs of ~$300k, allowing for p
Slide 23: Rights Issue: Application of Proceeds
RIGHTS ISSUE i APPLICATION OF PROCEEDS RAMBLES f 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 mali 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 M
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