Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Denver Gold Forum September 2022
22 slides from Ramelius Resources's conference presentation, September 2022
Slide 1: An Australian Gold Growth Story
Ramelius Resources Limited Tim Manners Chief Financial Officer ASX:RMS An Australian Gold Growth Story DENVER GOLD FORUM • SEPTEMBER 2022 1 September 2022
Slide 2: Qualification: Forward Looking Statements
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: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance Market Cap1 A$643M (US$450M) @ A$0.74 per share FY22 Production3 258,625oz @ AISC A$1,523/oz (US$1,066/oz) Cash & Gold2 A$172.9M (US$121M) FY23 Guidance3 240,000 – 280,000oz @ AISC of A$1,750 – 1,950/oz (US$1,225 – 1,365/oz) Debt2 Nil (Undrawn A$10
Slide 4: Mission, Values, Strategy and the Essentials
MISSION, VALUES, STRATEGY AND THE ESSENTIALS DENVER GOLD FORUM • SEPTEMBER 2022 4
Slide 5: Project Overview - Two Production Centres in Western Australia
PROJECT OVERVIEW - TWO PRODUCTION CENTRES IN WESTERN AUSTRALIA ➢ 1) Mt Magnet: ▪ Mt Magnet has produced over 6Moz since mining first began in 1891 ▪ 2.0Mt pa mill with both open pit and underground sources within 5km ▪ High grade Vivien underground ore being hauled since 2016 ▪ High grade Penny unde
Slide 6: 2022 Resources & Reserves
2022 RESOURCES & RESERVES1 ➢ Mineral Resources ▪ 130Mt @ 1.5g/t for 6.2Moz (up 15%) ➢ Ore Reserves ▪ 18Mt @ 1.8g/t for 1.1Moz (maintain) ➢ FY23 Resource conversion potential ▪ Rebecca (1.2Moz) ▪ Edna May (940koz) ▪ Hill 50 (360koz) ➢ Mining Studies underway to convert Resources to Reserves 1See RMS
Slide 7: Maintaining Margins Through COVID-19
MAINTAINING MARGINS THROUGH COVID-19 ➢ Production increased year-on-year by +20% from FY15 to FY21 ➢ FY22 Actual: ▪ 258,625oz at AISC of A$1,523/oz (US$1,066/oz)* ➢ AISC profile seeing cost pressures stemming from inflation & COVID related impacts ➢ Sales/AISC margin still healthy at 37% for FY22 ➢
Slide 8: Key Project Updates
KEY PROJECT UPDATES DENVER GOLD FORUM • SEPTEMBER 2022 8
Slide 9: Penny - Starting the First Ore Drive
PENNY - STARTING THE FIRST ORE DRIVE IN ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES ➢ Mineral Resources - 530kt @ 17.2g/t for 290koz1 . ➢ Ore Reserve - 490kt @ 15.0g/t for 230koz1 ➢ Feasibility Study completed October 2020* ▪ AISC of A$633/oz – inflated to A$749/oz (US$524/oz) current ▪ Upfront capi
Slide 10: Mt Magnet: Galaxy (Saturn & Mars) - Extensions Likely
MT MAGNET: GALAXY (SATURN & MARS) - EXTENSIONS LIKELY ➢ Decline rehab progressing well currently ~550m down . ➢ 5 year mine plan identified initially with extensions likely ➢ High grade BIF and lower grade bulk breccia mineralization intersected below Saturn mine plan# ▪ 22.6m at 2.31g/t Au from 556
Slide 11: Sources of Future Growth
SOURCES OF FUTURE GROWTH DENVER GOLD FORUM • SEPTEMBER 2022 11
Slide 12: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES# Centre Study Description . Next Key Date Hill 50 underground: Desktop Study complete, Scoping Study in progress December 2022 Eridanus underground: Pre-Feasibility Study, awaiting further drilling and pit deepening TBA Mt Magnet Bartus East: diamond drilli
Slide 13: Mt Magnet: Hill 50 - Scoping Study
MT MAGNET: HILL 50 - SCOPING STUDY ➢ 2.1Moz mined historically, Mt Magnet’s largest producer . ➢ Latest Mineral Resource: 1.6Mt at 6.0g/t Au for 360koz* ➢ Desktop Study positive based on 2022 pricing assumptions ➢ Scoping Study update: ▪ Mine design and schedule completed in draft ▪ Uphole benching
Slide 14: Mt Magnet: Bartus - Underground Potential Within 5km of the Mill
MT MAGNET: BARTUS - UNDERGROUND POTENTIAL WITHIN 5KM OF THE MILL ➢ Further results from recent RC and diamond drilling*: ▪ 45.6m at 10.4g/t Au from 328m, including 10.4m at 31.9g/t Au from 351m ▪ 41.0m at 7.50g/t Au from 223m, including 4.4m at 52.9g/t Au from 234.8m ▪ 5.4m at 8.49/t Au from 208.6m
Slide 15: Rebecca Project - Resource Upgraded, Exploration Upside to Come
REBECCA PROJECT - RESOURCE UPGRADED, EXPLORATION UPSIDE TO COME ➢ A proven, regional-scale gold belt & Tier 1 location ▪ 150km NE from Kalgoorlie, Australia’s premier gold province ▪ Southern end of the +30Moz Laverton Tectonic Zone ➢ Latest Mineral Resource~ ▪ 23,000m (75,000m planned) drilled by R
Slide 16: Inorganic Growth - Return on Investment a Key Driver
INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER ➢ Track record of generating positive (net) cash flow* from new projects ➢ Inventory build up shown in chart as notional cashflow: ▪ Marda: 489kt @ 1.4g/t for 22koz ▪ Tampia: 590kt @ 1.6g/t for 30koz ➢ Penny underground first ore intersected ➢ Fiv
Slide 17: Inorganic Growth - Third Production Centre Strategy
INORGANIC GROWTH - THIRD PRODUCTION CENTRE STRATEGY Opportunity ➢ Ramelius has two production centres at Mt Magnet & Edna May, currently producing 250-280koz per annum ➢ Strategy has been to acquire a 3rd production centre to add scale, diversity, optionality & growth prospects ➢ Gold or Copper/Gold
Slide 18: Ramelius - Well Positioned for FY23 and Beyond
RAMELIUS - WELL POSITIONED FOR FY23 AND BEYOND Proven management team adept in either greenfields development or Operational Excellence refurbishment & operation of both open pit and underground mines Strong balance sheet, disciplined approach to capital management with a Balance Sheet & Use of Capi
Slide 19: Thank You
THANK YOU Ramelius Resources Limited ASX Code: RMS Level 1, 130 Royal Street East Perth WA 6004 Authorised for release to the ASX by the Managing Director. For further information contact: Investor enquiries: Media enquiries: Mark Zeptner Tim Manners Luke Forrestal Managing Director Chief Financial
Slide 20: Appendix 1 - 2022 Mineral Resource Statement
APPENDIX 1 - 2022 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral Resources see ASX Releases (RMS) “Resources and Reserves Statement 2022”, 13 September 2022. The Company confirms that it is not aware of any new information or data that materially affects the information incl
Slide 21: Appendix 2 - 2022 Ore Reserve Statement
APPENDIX 2 - 2022 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 13 September 2022. The Company confirms that it is not aware of any new information or data that materially affects the information included in th
Slide 22: Appendix 3 - Production Information from Peer Companies
APPENDIX 3 - PRODUCTION INFORMATION FROM PEER COMPANIES Code FY22 Production Date Source NCM 1,956koz 21-Jul-22 June 2022 Quarterly NST 1,561koz 20-Jul-22 June 2022 Quarterly EVN 640koz 21-Jul-22 June 2022 Quarterly RRL 437koz 26-Jul-22 June 2022 Quarterly SBM 281koz 08-Jul-22 FY22 Production Update
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