Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Investor Presentation (June 2020)
20 slides from Ramelius Resources's investor presentation, Jun 30, 2020
Slide 1: Life of Mine Plan Update
Ramelius Resources Limited Mark Zeptner Tim Manners Managing Director CFO ASX:RMS LIFE OF MINE PLAN UPDATE 30 June 2020 MINE PLAN UPDATE • JUNE 2020 1
Slide 2: Qualification
QUALIFICATION Forward Looking Statements This presentation contains certain forward looking statements with respect to Ramelius Resources Ltd’s (Ramelius) financial condition, results of operations, production targets and other matters that are subject to various risks and uncertainties. Actual resu
Slide 3: Ramelius Corporate Summary
RAMELIUS CORPORATE SUMMARY Corporate Structure Production Guidance Shares on Issue 806M Mineral Resources1 4.10Moz at 30 June 2019 Market Cap2 A$1.6B @ $2.01 per share Ore Reserves 0.84Moz at 30 June 2019 Cash & Gold3 A$125.4M FY 2019 Production 196,679oz @ AISC A$1,192/oz Debt4 A$32.5M FY 2020 Guid
Slide 4: Ramelius Extends Life of Mine Plan by 34% to 1.45 Million Ounces
RAMELIUS EXTENDS LIFE OF MINE PLAN* BY 34% TO 1.45 MILLION OUNCES ✓ FY2020 production guidance upgraded to 225-230,000oz1 ✓ FY2021 production guidance of 260-280,000oz2 (19% growth) ✓ Track record of delivering on production & cost guidance Penny gold project to commence ✓ production in late FY2022
Slide 5: Extended Life of Mine Plan
EXTENDED LIFE OF MINE PLAN ✓ Mine Plan outlines total production of 1.45Moz primarily across 6 years ✓ Average All-in Sustaining Costs (AISC) over life of mine A$1,250-A$1,350/oz ✓ Capital provided for projects including Eridanus, Tampia, Penny, Morning Star & Saturn ✓ Exploration contributes to min
Slide 6: Ore Reserve & Mineral Resource Contributions
ORE RESERVE & MINERAL RESOURCE CONTRIBUTIONS ▪ The new Life of Mine Plan is driven predominantly from Ore Reserves with a small contribution from Mineral Resources that, in the view of Ramelius, are likely to be converted to Ore Reserves in the future ▪ Only 12% of the LOMP is derived from Inferred
Slide 7: Comparison of Life of Mine Plans – June 2019 vs June 2020
COMPARISON OF LIFE OF MINE PLANS – JUNE 2019# VS JUNE 2020 ▪ 34% growth from previous LOMP ▪ Expanded Stage 2 Eridanus open pit ▪ Preliminary Scoping Study Eridanus u/g ▪ Inclusion of Penny Gold Project PFS #See RMS ASX Release, “Life of Mine and Tampia updates with conference call info”, 17 June 20
Slide 8: Mt Magnet Production Centre – Keeps on Delivering
MT MAGNET PRODUCTION CENTRE – KEEPS ON DELIVERING ▪ Mt Magnet keeps delivering with effective exploration strategy delivering Reserve replacement ▪ Cosmos Mine Area ▪ Shannon & Hill 60 undergrounds performing well ▪ Eridanus stage 2 cut-back reflecting larger open pit out to FY2023, with bulk underg
Slide 9: Edna May Production Centre – The Parts Are Coming Together
EDNA MAY PRODUCTION CENTRE – THE PARTS ARE COMING TOGETHER ▪ Edna May production centre set to deliver higher margins ▪ Edna May Operations ▪ Underground operation up to full production ▪ Greenfinch open pit well underway ▪ Marda Gold Project ▪ Marda Central production well underway ▪ Marda North re
Slide 10: Penny Gold Project
PENNY GOLD PROJECT MINE PLAN UPDATE • JUNE 2020 10
Slide 11: Penny Gold Project – Moving Quickly to Bring into Production
PENNY GOLD PROJECT – MOVING QUICKLY TO BRING INTO PRODUCTION ✓ Acquisition completed (100% ownership) in less than 5 months ✓ Pre-Feasibility Study completed in less than 3 months ✓ New high-grade Mineral Resources estimate of 620kt @ 15.0 g/t Au for 300,000oz1 ▪ Penny Nth: 420kt @ 20.0g/t for 270,0
Slide 12: Penny Gold Project – Compelling PFS Results
PENNY GOLD PROJECT – COMPELLING PFS RESULTS Parameter Unit Pre-Feasibility Study . (June 2020) General Start Date (open pit cut-back) Qtr September 2021 Quarter Initial life Yrs 3.8 Mining (open pit) Ore tonnes (high grade) kt 13 Grade g/t 5.1 Contained Gold koz 2 Mining (underground) Ore tonnes (hi
Slide 13: Eridanus Update
ERIDANUS UPDATE MINE PLAN UPDATE • JUNE 2020 13
Slide 14: Eridanus – 3rd Largest Endowment Area at Mt Magnet
ERIDANUS – 3RD LARGEST ENDOWMENT AREA AT MT MAGNET . ➢ Significant Mineral Resource estimate of 12Mt @ 1.3 g/t Au for 490,000oz1 ➢ Stage 2 open pit commenced in June 2020 Qtr after excellent performance from Stage 1 pit ➢ Recent diamond drilling returned wider zones of mineralisation across the 60m
Slide 15: Eridanus Underground – Preliminary Scoping Study
ERIDANUS UNDERGROUND – PRELIMINARY SCOPING STUDY . ➢ Close spaced GC drilling & in-pit mapping has led to a number of sub-vertical quartz lode structures being defined ➢ Eridanus being re-modelled incorporating vein sets in September 2020 Quarter Parameter Unit Preliminary Scoping Study (June 2020)
Slide 16: Further Optimisation
FURTHER OPTIMISATION MINE PLAN UPDATE • JUNE 2020 16
Slide 17: Mining/Processing Studies & Resource Conversion
MINING/PROCESSING STUDIES & RESOURCE CONVERSION ➢ Mount Magnet . ▪ Galaxy (Saturn, Mars, Titan & Hill 50) – underground studies to look at options to convert approximately 470koz of existing mineral resources into the LOMP ▪ Morning Star – underground study to consider the 79koz mineral resource cur
Slide 18: End
END MINE PLAN UPDATE • JUNE 2020 18
Slide 19: 2019 Mineral Resource Statement
2019 MINERAL RESOURCE STATEMENT MINERAL RESOURCES AS AT 30 JUNE 2019 - INCLUSIVE OF RESERVES Project Deposit Measured Indicated Inferred Total Resource For detailed information relating to Mineral t g/t oz t g/t oz t g/t oz t g/t oz Galaxy Group 92,000 1.8 5,400 4,100,000 1.6 220,000 2,300,000 1.3 9
Slide 20: 2019 Ore Reserve Statement
2019 ORE RESERVE STATEMENT ORE RESERVE STATEMENT AS AT 30 JUNE 2019 For detailed information relating to Ore Reserves Project Mine Proven Probable Total Reserve see ASX Releases (RMS) “Resources and Reserves t g/t oz t g/t oz t g/t oz Statement 2019”, 10 September 2019, “Vivien Boomer 130,000 2.9 12
Ramelius Resources — Investor Presentation (June 2020) on 6ix