Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Diggers & Dealers Mining Conference 2021
24 slides from Ramelius Resources's conference presentation, Aug 4, 2021
Slide 1: An Australian Gold Growth Story
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS An Australian Gold Growth Story August 2021 DIGGERS & DEALERS • AUGUST 2021 1
Slide 2: Forward Looking Statements and Competent Persons Statement
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 3: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance For personal use only Market Cap4 A$1.39B @ $1.71 per share FY21 Production2 272,109oz @ AISC A$1,317/oz (New Record) Cash & Gold2 A$234.0M FY22 Guidance2 260,000 - 300,000oz @ AISC A$1,425 – 1,525/oz Debt2,3 Nil Mineral Resources1 4.7Moz at 30 Jun
Slide 4: Sustainability - Stepping Up to the Plate
SUSTAINABILITY* - STEPPING UP TO THE PLATE For personal use only #Results are from Ramelius 2020 Sustainability Report, contained within the 2020 Annual Report and also posted on the Ramelius website DIGGERS & DEALERS • AUGUST 2021 4
Slide 5: Consistent Production Growth with Expanding Margins
CONSISTENT PRODUCTION GROWTH# WITH EXPANDING MARGINS For personal use only ➢ +20% year-on-year gold production growth FY15-FY21 AISC Margin increased from 20% in FY15 to 43% in FY21 ➢ Further growth to 280koz in FY22 ➢ Consistent AISC profile over first 6 years ➔ varying <2.5% ➢ Maintaining margins
Slide 6: 1.84 Million Ounce Mine Plan
1.84 MILLION OUNCE MINE PLAN# ➢ 27% increase on FY20 Mine Plan For personal use only ➢ In addition to 1.37Moz produced to date from MM & EM ➢ Mt Magnet production centre ▪ Vivien extended to end of FY23 ▪ Galaxy Underground from FY24 ▪ Eridanus Underground from FY25 ➢ Edna May production centre ▪ St
Slide 7: Ore Reserve & Mineral Resource Contributions
ORE RESERVE & MINERAL RESOURCE CONTRIBUTIONS For personal use only ➢ New Mine Plan is driven from Ore Reserves and Indicated Resources ➢ Only 8% of the Mine Plan is derived from Inferred Mineral Resources ➢ High confidence plan, especially first four years *Years FY29 to FY30 have been combined. Bot
Slide 8: Mine Plan - Visibility & Transparency
MINE PLAN - VISIBILITY & TRANSPARENCY ✓ 1.84Moz across 9 years to FY30, which includes a low-grade tail in years 8 & 9 For personal use only ✓ Average AISC over first 7 years of between A$1,390 - 1,490/oz ✓ Capital for all projects included, with Edna May Stage 3 itemised separately ✓ Exploration (A
Slide 9: Comparison to June 2020 Mine Plan
COMPARISON TO JUNE 2020 MINE PLAN# For personal use only ➢ July 2021 Plan is “Stronger for Longer” ▪ Edna May Stage 3 ▪ Galaxy underground ▪ Eridanus, Shannon & Vivien UG Mine Plan increase of 27% #See RMS ASX Release, “Ramelius Extends Life of Mine Plan by 34% to 1.45Moz”, 30 June 2020 See RMS ASX
Slide 10: Mining Studies & Project Updates
For personal use only MINING STUDIES & PROJECT UPDATES DIGGERS & DEALERS • AUGUST 2021 10
Slide 11: Project Locations - Multiple Assets into Two Production Centres
PROJECT LOCATIONS - MULTIPLE ASSETS INTO TWO PRODUCTION CENTRES For personal use only ➢ Mt Magnet - 6Moz produced and counting ➢ Edna May - one of few producers in the region ▪ Highly sought-after jurisdiction ▪ Easy access to sites from Perth ▪ Close to major regional centres and existing road haul
Slide 12: Vivien - A New Lease on Life
VIVIEN - A NEW LEASE ON LIFE For personal use only . ➢ Originally planned for October 2021 finish ➢ Additional 2 years of life, at least… ➢ 10x return on original purchase of A$10M^ ▪ Original Reserve of 400kt @ 7.1g/t for 101koz* ▪ Production to date of 1.1Mt @ 6.1g/t for 210koz ▪ FY22/23 productio
Slide 13: Galaxy - Opening Up a New Underground Ore Source
GALAXY - OPENING UP A NEW UNDERGROUND ORE SOURCE For personal use only . ➢ Historic area mined by Ramelius 2012 – 2018 upon re-start ➢ Opportunity identified for early access compared to Eridanus UG ➢ Scoping Study work brought forward from December 2021 ➢ Access existing Hill 50 decline & run separ
Slide 14: Eridanus - Excellent Potential Along Strike
ERIDANUS - ALSO FEATURES EXCELLENT POTENTIAL ALONG STRIKE ➢ Eridanus Stage 2 open pit commenced in For personal use only . June 2020 ➢ Relatively shallow drilling undertaken over ~2km of Granodiorite strike to date ➢ Recently updated Mineral Resources1: ▪ Eridanus 20Mt @ 1.2g/t for 760,000 ounces ▪
Slide 15: Penny - One of Australia's Highest Grade Gold Mines
PENNY - ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES For personal use only . ➢ Mineral Resource: 620kt @ 15.0g/t for 300koz1 ➢ Ore Reserve: 500kt @ 14.0g/t for 230koz1 ➢ Approvals ▪ All key approvals received ➢ Contracts ▪ Camp supply & construction awarded ▪ Open pit mining services & catering award
Slide 16: Edna May - Up to 500K Ounce Potential Within Stage 3 Open Pit
EDNA MAY - UP TO 500K OUNCE POTENTIAL WITHIN STAGE 3 OPEN PIT ➢ Current Mineral Resources1 For personal use only . ▪ 31Mt @ 1.1g/t for 1.0Moz (overall resource) ▪ 490kt @ 4.5g/t for 72koz (included high grade lodes) ➢ Scoping Study (January 2021) results include2 ▪ 16.5Mt @ 0.82g/t for 434koz mined
Slide 17: Tampia - Production Commenced on Schedule
TAMPIA - PRODUCTION COMMENCED ON SCHEDULE For personal use only . ➢ Edna May Plant Upgrade ▪ ~40kt of oxide ore treated, at high throughput rates ➢ Access/Approvals ▪ Land Access – 10% minority interest & land purchased# ➢ Narembeen Accommodation Camp ▪ 100-person Camp in operation ➢ First blast occ
Slide 18: The Investment Case
For personal use only THE INVESTMENT CASE DIGGERS & DEALERS • AUGUST 2021 18
Slide 19: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES# Site Study Description Est. Completion For personal use only . Mt Magnet Galaxy (Saturn & Mars) underground: complete Pre-Feasibility Study 30 September 2021 Mt Magnet Morning Star underground: Scoping Study to convert a % of ~80koz Mineral Resource 31 Dec
Slide 20: Inorganic Growth - A History of Adding Value
INORGANIC GROWTH - A HISTORY OF ADDING VALUE* For personal use only ➢ Track record of generating positive (net) cash flow from new projects ➢ Marda now in production (360kt ore stockpile, ~A$25M in free cf.) ➢ Tampia commenced ore production ➢ Penny capital program, portion brought forward from FY22
Slide 21: Focus for FY2022
FOCUS FOR FY2022 • Continue focus on meeting guidance, managing costs & improving safety For personal use only Operational Excellence • Ramp up of production at Tampia • A$32M exploration budget - Mt Magnet and Edna May High Impact Exploration • Includes additional funds for extensional drilling at
Slide 22: Thank You
THANK YOU For personal use only 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: Mark Zeptner Tim Manners Managing Director Chief Financial Officer Ra
Slide 23: 2020 Mineral Resource Statement
2020 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral For personal use only Resources see ASX Releases (RMS) “Resources and Reserves Statement 2020”, 28 September 2020 and “Penny & Edna May Study Updates”, 09 November 2020. The Company confirms that it is not aware of any new
Slide 24: 2020 Ore Reserve Statement
2020 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2020”, 28 September 2020. The Company confirms that it is not aware of any new information or data that materially affects the information inclu
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