Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Merger or Acquisition (July 2023)
16 slides from Ramelius Resources's merger presentation, Jul 3, 2023
Slide 1: Recommended Takeover Offer for Musgrave Minerals Ltd
Ramelius Resources Limited Mark Zeptner Tim Manners Managing Director Chief Financial Officer ASX:RMS Recommended Takeover Offer for Musgrave Minerals Ltd MUSGRAVE MINERALS TAKEOVER OFFER • JULY 2023 1 July 2023
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$1.25B @ A$1.26 per share FY23 Actual Production2 240,996oz Cash & Gold2 A$272.1M FY23 Guidance3 240,000 – 250,000oz @ AISC of A$1,750 – 1,950/oz Debt3 Nil (Undrawn A$100M facility) Mineral Resources4 6.2Moz at 30 June 2022 Major Share
Slide 4: Musgrave Minerals Offer
MUSGRAVE MINERALS OFFER MUSGRAVE MINERALS TAKEOVER OFFER • JULY 2023 4
Slide 5: Acquisition on Strategy
ACQUISITION ON STRATEGY MUSGRAVE MINERALS TAKEOVER OFFER • JULY 2023 5
Slide 6: Ramelius Offer to Acquire Musgrave Minerals Ltd
RAMELIUS OFFER TO ACQUIRE MUSGRAVE MINERALS LTD ➢ Ramelius to acquire Musgrave Minerals Ltd (ASX:MGV), owner of the Cue Gold Project (Cue Project) in Western Australia, via recommended scrip and cash off-market takeover offer (Offer) ➢ Musgrave shareholders to receive implied Offer price of $0.341 (
Slide 7: Key Offer Details
KEY OFFER DETAILS • Ramelius and Musgrave have entered into a Bid Implementation Agreement, pursuant to which Ramelius will offer to acquire all the issued ordinary shares in Musgrave, by way of a scrip and cash off-market takeover offer Structure and • Offer unanimously recommended by Musgrave Boar
Slide 8: Attractive Offer Premiums
ATTRACTIVE OFFER PREMIUMS ** * Volume weighted average Price (VWAP) up to and including 5 June 2023, the last trading day prior to the announcement of the WGX offer ** Based on WGX closing price of $1.44 per share on 30 June 2023 MUSGRAVE MINERALS TAKEOVER OFFER • JULY 2023 8
Slide 9: Benefits to Musgrave Shareholders
BENEFITS TO MUSGRAVE SHAREHOLDERS • The Offer Price represents a premium to recent trading in Musgrave shares and provides Musgrave shareholders Highly attractive premiums and with an attractive mix of both cash and shares in Ramelius 1 synergies with Mt Magnet • A combination of the Cue Project wit
Slide 10: Strategic Rationale for Ramelius
STRATEGIC RATIONALE FOR RAMELIUS • The combination of the high-grade Cue Project into the Mt Magnet production centre provides opportunities to enhance the combined production profile by optimising the blend of ores and Increased scale at Mt Magnet sequence of mining at the combined operation 1 and
Slide 11: Cue Gold Project - Overview
CUE GOLD PROJECT - OVERVIEW ➢ Tier 1 location ▪ 40km north of the town of Mt Magnet in WA ▪ 5km from the Great Northern Highway ▪ Prime location within the Murchison Goldfield ➢ Cue Gold Project Mineral Resources1 ▪ Totals 12.3Mt @ 2.3g/t Au for 927koz ▪ Includes the Break of Day High-Grade Trend 98
Slide 12: Cue Gold Project - Synergies with Mt Magnet Gold Operations
CUE GOLD PROJECT - SYNERGIES WITH MT MAGNET GOLD OPERATIONS ➢ Significantly reduced development capital and funding risk ➢ Larger processing plant reduces operating costs ➢ Non processing infrastructure already in place at Mt Magnet ➢ Lower G&A costs as will operate under shared services at the Mt M
Slide 13: Cue Gold Project - Exploration Potential
CUE GOLD PROJECT - EXPLORATION POTENTIAL ➢ Murchison Province in the north-western part of the Archean Yilgarn Craton ➢ Greenstone sequence dominated by ▪ Cuddingwarra Shear Zone which extends from Mt Magnet to Meekatharra ▪ Break of Day Shear which is a splay off the Cuddingwarra Shear Zone ➢ Miner
Slide 14: 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 15: 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 16: 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 2022”, 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
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