Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Shareholder Meeting (November 2024)
29 slides from Ramelius Resources's shareholder meeting presentation, Nov 21, 2024
Slide 1: Ramelius Resources 2024 Annual General Meeting
RAMELIUS RESOURCES LTD 2024 ANNUAL GENERAL MEETING Ramelius Resources Limited (ASX: RMS) provides a copy of the: (a) Chair’s address; and For personal use only (b) Managing Director’s presentation, 21 November 2024 ahead of its Annual General Meeting today, 21 November 2024. This ASX announcement wa
Slide 2: Chair's address
Ramelius Resources Limited ACN: 001 717 540 Ramelius Resources Limited PO Box 6070 East Perth WA 6892 Level 1, 130 Royal Street, East Perth WA 6004 Tel: (08) 9202 1127 Ladies and gentlemen, welcome to the 22nd Annual General Meeting of Ramelius Resources Limited (ASX: RMS) (Ramelius or the Company).
Slide 3: Chair's address (continued)
advancing our greenfield project at Rebecca-Roe, with a prefeasibility study on track for release next month. Beyond that, our appetite for growth remains strong. This year we completed the acquisition of Musgrave Minerals, whose projects are already delivering ore to Mt Magnet, and our investment i
Slide 4: Chair's address (continued)
share more on our plans for a new hybrid power solution at Mt Magnet. This system, which incorporates gas, solar, wind and battery storage, will support our decarbonisation efforts and help reduce energy costs. The 10-year plan for Mt Magnet announced in March this year has allowed us to make this c
Slide 5: Chair's address (continued)
after almost nine years of outstanding service. As many of you will be aware, running operations at Ramelius is no walk in the park with multiple mines feeding two plants and the hub and spoke model for remote operations. In Duncan’s time, he has started up and completed a number of mines, too many
Slide 6: Managing Director Annual General Meeting presentation
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS Annual General Meeting ANNUAL GENERAL MEETING - NOVEMBER 2024 1 July 2024 November 2024
Slide 7: Qualification: Forward Looking Statements
QUALIFICATION Forward Looking Statements For personal use only 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 unce
Slide 8: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance For personal use only Market Cap1 A$2.4B @ A$2.07 per share FY24 Production 293,033oz @ AISC of A$1,583/oz Cash & Gold2 A$438.6M FY25 Guidance3 270,000 – 300,000oz @ AISC of A$1,500 – 1,700/oz Listed Mineral Resources4 8.7Moz at 30 June 2024 A$250.
Slide 9: FY24 - a record year on virtually all metrics
FY24 - a RECORD year on virtually all metrics FIVE YEAR PRODUCTION PROFILE (koz) RAMELIUS REGIONAL MAP OF OPERATIONS For personal use only # Mid-point of FY25 Production Guidance, see ASX Release “FY25 Gold Production and AISC Guidance”, 29 July 2024 ANNUAL GENERAL MEETING - NOVEMBER 2024 4
Slide 10: FY24 - returns, cash flow and investment
FY24 - returns, cash flow and investment RETURN TO SHAREHOLDERS UNDERLYING FREE CASH FLOW CAPITAL INVESTMENT For personal use only A$17.3 million A$315.8 million A$240.3 million Plus, A$5.0 million in dividend reinvestment, Cash flows strengthened across the year Including mine development, explorat
Slide 11: FY24 Peer Comparison - free cash flow / production
FY24 PEER COMPARISON – free cash flow / production FREE CASH FLOW PER OUNCE PRODUCED (A$/oz) FREE CASH FLOW (A$M) & GOLD PRODUCTION (Koz) For personal use only “Free cash flow per ounce produced is peer leading for FY24” Refer to Appendices for disclaimers, definitions, supporting information, and s
Slide 12: Relative share price performance
LAST 12 MONTHS – relative share price performance^ For personal use only ^ Source: FactSet ANNUAL GENERAL MEETING - NOVEMBER 2024 7
Slide 13: Financial Metrics - year trend
FINANCIAL METRICS - 5 year trend (A$M) REVENUE CASH & GOLD WORKING CAPITAL For personal use only UNDERLYING NPAT NPAT DIVIDEND HISTORY Refer to Appendix 4 for definitions on operating and financial metrics ANNUAL GENERAL MEETING - NOVEMBER 2024 8
Slide 14: AISC Margin - FY25 promises to be even better
AISC MARGIN - FY25 promises to be even better 10 YEAR AISC MARGIN For personal use only (Including forecast for FY25 based on the mid-point of Guidance) ➢ FY24 margin 47% over AISC ➢ FY25 assumes a A$4,000/oz spot gold price, plus existing forward contracts1 ➢ FY25 margin 56% over AISC, +A$2,000/oz
Slide 15: Value Generating M&A - return on investment scoresheet
VALUE GENERATING M&A - return on investment scoresheet LOM CASH FLOWS – AS AT SEPTEMBER 2024 ➢ Track record of generating positive (net) For personal use only [ ] shows change in Q1 FY25 cash flow1 from new projects ➢ Inventory build-up shown as notional c/flow ▪ Marda: 161kt @ 0.99g/t for 5koz ▪ Ta
Slide 16: Mineral Resources - platform for growth
MINERAL RESOURCES - platform for growth HISTORICAL PRODUCTION & MINERAL RESOURCE ESTIMATES1 ➢ Mineral Resources For personal use only ▪ 180Mt @ 1.5g/t for 8.7Moz ➢ Ore Reserves ▪ 20Mt @ 1.6g/t for 1.1Moz ➢ FY25 Resource conversion priorities ▪ Rebecca-Roe (3.2Moz) ▪ Eridanus cutback (1.2Moz) ▪ Cue u
Slide 17: Key Project Updates
For personal use only KEY PROJECT UPDATES ANNUAL GENERAL MEETING - NOVEMBER 2024 12
Slide 18: Mt Magnet - Eridanus getting bigger and bigger
MT MAGNET - Eridanus getting bigger and bigger…. ➢ New open pit Production Target1 at Eridanus of 12 – For personal use only 16Mt at 1.2 – 1.6g/t for 575 – 775koz, a 25% increase from previous ▪ Potentially represents 7 years of mill feed alone at 2Mtpa ➢ New Exploration Target, over and above exist
Slide 19: Mt Magnet - mill expansion study
MT MAGNET - mill expansion study ➢ Mill scenarios evaluated: 2Mtpa (current) up to 4Mtpa For personal use only ➢ 3Mtpa selected based on an assessment treating the full suite of Mt Magnet hub sources life of mine including the Eridanus open pit Production Target1 ➢ Key modifications to achieve 3Mtpa
Slide 20: Cue - exceptional cash flows expected with haulage underway
CUE - exceptional cash flows expected with haulage underway For personal use only Cue open pit mining – Break of Day pit (Stage 1) Cue: Great Northern Highway intersection under construction ➢ Ore mining commenced ahead of schedule ➢ 35,359 tonnes high-grade at 10.2g/t for 11,574 ounces currently st
Slide 21: Rebecca-Roe Project - PFS imminent
REBECCA-ROE PROJECT – PFS imminent ➢ Underground mine designs completed at Roe For personal use only ➢ Environmental pathways and timelines well understood ➢ PFS due December 2024 REBECCA ROE ▪ Mineral Resource of 33Mt @ ▪ Mineral Resource of 32Mt @ 1.3g/t Au for 1.4Moz* 1.6g/t Au for 1.8Moz* *See R
Slide 22: Exploration - targeting all key projects with a H2 emphasis
EXPLORATION - targeting all key projects with a H2 emphasis ➢ Exploration and resource definition For personal use only Guidance for FY25 is A$40-50M ANNUAL GENERAL MEETING - NOVEMBER 2024 17
Slide 23: The Pillars for Future Success
THE PILLARS FOR FUTURE SUCCESS For personal use only Proven management team adept in either greenfield development or OPERATIONAL EXCELLENCE refurbishment & operation of both open pit and underground mines Strong balance sheet, disciplined approach to capital management with a focus BALANCE SHEET &
Slide 24: Thank You
For personal use only THANK YOU ANNUAL GENERAL MEETING - NOVEMBER 2024 19
Slide 25: Appendix 1: 2024 Mineral Resource Statement
MINERAL RESOURCES AS AT 30 JUNE 2024 - INCLUSIVE OF RESERVES Project Deposit Measured Indicated Inferred Total Resource t g/t oz t g/t oz t g/t oz t g/t oz APPENDIX 1: 2024 MINERAL RESOURCE STATEMENT Morning Star Bartus Group Boomer 4,900,000 410,000 1,200,000 1.9 1.2 1.8 300,000 16,000 68,000 4,300
Slide 26: Appendix 2: 2024 Ore Reserve Statement
APPENDIX 2: 2024 ORE RESERVE STATEMENT ORE RESERVE STATEMENT AS AT 30 June 2024 For detailed information relating to Ore Reserves Project Mine Prov en Probable Total Reserv e For personal use only see ASX Releases (RMS) “Resources and Reserves t g/t oz t g/t oz t g/t oz Statement 2024”, 2 September
Slide 27: Appendix 3: Peer Reporting Data (Free Cash Flow & Gold Production)
APPENDIX 3: PEER REPORTING DATA (FREE CASH FLOW & GOLD PRODUCTION) For personal use only ANNUAL GENERAL MEETING - NOVEMBER 2024 22
Slide 28: Appendix 3: Peer Reporting Data (Free Cash Flow & Gold Production)
APPENDIX 3: PEER REPORTING DATA (FREE CASH FLOW & GOLD PRODUCTION) For personal use only ANNUAL GENERAL MEETING - NOVEMBER 2024 23
Slide 29: Appendix 4: Disclaimer, Definitions, Footnotes
APPENDIX 4: DISCLAIMER, DEFINITIONS, FOOTNOTES DISCLAIMER For personal use only The information has been sourced from publicly available information and includes Non-IFRS information. The reporting and calculation of Non-IFRS information may vary from company to company. Whilst efforts have been mad
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