Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Shareholder Meeting (November 2011)
23 slides from Ramelius Resources's shareholder meeting presentation, Nov 25, 2011
Slide 1: 2011 Annual General Meeting Chairman's Address
RAMELIUS RESOURCES LIMITED 2011 ANNUAL GENERAL MEETING CHAIRMAN’S ADDRESS For personal use only Ladies and Gentlemen, welcome to the 9th Annual General Meeting of Ramelius Resources Limited as a listed company. In the past year Ramelius has built on its success as an underground miner at its 100% ow
Slide 2: Chairman's Address (continued)
The coming year will prove the significance of the Mt Magnet gold project to Ramelius as we move to total group production in excess of 150,000 ounces per year with further upside to come. We intend to continue our exploration at both Wattle Dam and Mt For personal use only Magnet with a view to pro
Slide 3: Carbon Tax Impact (Mining Council of Australia)
Author CIE Treasury Sponsor MCA Aust Gov For personal use only Model G-cubed GTEM Assumption Patchy Perfect World Carbon Price No 2016 RESULTS BY 2020 BUSINESS AS USUAL (BAU) GDP 2.0% 0.3% $180Bn $32Bn Real Investment 3.4% 0.4% Real Wages 1.9% 1.0% Reduction Av Earnings $11,360 $5,110 Productivity 1
Slide 4: Ramelius Resources Limited
For personal use only Ramelius Resources Limited AGM Presentation November 2011 ASX:RMS
Slide 5: Disclaimer and Forward Looking Statements
For personal use only DISCLAIMER AND FORWARD LOOKING STATEMENTS This presentation contains certain forward looking statements with respect to Ramelius’ financial condition, results of operations and other matters that are subject to various risks and uncertainties. Actual results, performance or ach
Slide 6: Ramelius Corporate Information
Ramelius Corporate Information For personal use only Corporate Details Directors & Shareholders ASX Code: RMS Chairman: Robert Kennedy Ordinary Shares on Issue: 326.6M Managing Director: Ian Gordon Market Capitalisation: A$359M Non Executive Director: Reg Nelson 12 month share price range: $0.66-1.7
Slide 7: Company Overview
Company Overview For personal use only Wattle Dam (WA) High Hi h Grade G d Gold G ld P Production d ti [Gold - Production] Ave total costs less than A$500 oz Mine Life extended through to 2013 Open p at depth p – new drillingg commenced Mt Magnet (WA) Mining / final plant re- commissioning
Slide 8: Project Locations
Project Locations For personal use only Ramelius Resources Limited: AGM Presentation November 2011 Page 5
Slide 9: Achievements in FY 2011
Achievements in FY 2011 For personal use only Record production of 100,000 oz of gold (FY ending 30 June 11) Record operating cash flow of A$99m (FY ending 30 June 11) Increased Wattle Dam mine life to 2013 Acquired Mt Magnet gold project (July 2010) Record R d nett profit fit off A$62m A$
Slide 10: Projects – Wattle Dam
Projects – Wattle Dam For personal use only Highest grade gold mine in Australia Underground mine located 25km SW of Kambalda Structurally controlled gold deposit p within ultramafic belt Extremely high nugget effect historically results in significant grade overcall Production has average
Slide 11: Wattle Dam - Mining
Wattle Dam - Mining For personal use only Pit Production of 100,000 ounces in FY 2010-11 2010 11 Blocks A & B Completed with Total 1300 ounces/vertical metre ~180,000 oz production over (incl open pit) 100m vertically Future mining will be from the base of Block D up to base of Blocks C & D De
Slide 12: Wattle Dam - Production
Wattle Dam - Production For personal use only Wattle Dam has produced over 225,000 oz of gold since 2006 P Production d ti off 100,000 100 000 oz in i 2010-11 Mill maintenance and access issues to block D will reduce production in Dec qtr 2011 Treatment of stoping ore from Block D in January
Slide 13: Wattle Dam - Diamond Drilling Results
Wattle Dam - Diamond Drilling Results For personal use only Recent infill drilling in Block C (both outer sides of cut core shown) Ramelius Resources Limited: AGM Presentation November 2011 Page 10
Slide 14: Wattle Dam - Diamond Drilling Results
Wattle Dam - Diamond Drilling Results For personal use only Drilling is designed to test the limits of alteration zone and define High Grade mine design. Seeing visible gold Mineralisation A adds to confidence Block A and B had one +500 gram B metre hole and ten +100 gram metre holes (Grade = 21
Slide 15: Projects – Mt Magnet
Projects – Mt Magnet For personal use only Mt Magnet is a significant past gold producer - in excess of 5m ounces Multiple deposits with majority of gold mined in banded iron Existing infrastructure includes 1.7mtpa plant (replacement value A$100m) Mining commenced in September and first gol
Slide 16: Mt Magnet – Progress to October 2011
Mt Magnet – Progress to October 2011 For personal use only 25,000m of infill drilling, resource estimate and new mining study completed New 160 man camp completed and now fully operational Site management and mining team recruited and mining approval secured Mining commenced and first gold p
Slide 17: Mt Magnet – Processing Plant
Mt Magnet – Processing Plant For personal use only Existing 1.7mtpa processing plant located next to main operating open pits Currently being refurbished by GR Engineering (completion Nov 11) Can be expanded to 2.4mtpa by expenditure of a further ~A$6-10m Expansion p could increase ggold ppr
Slide 18: Mt Magnet – Mining Commenced
Mt Magnet – Mining Commenced For personal use only First ~2.35 years production Hill 50 from Mars & Saturn open pits h commencedd has Mars Mars ore is primarily banded iron and Saturn ore is banded iron and breccia zone Mars pit ore is 1.33mt @ 2.01 g/t Au* Saturn pit ore is 2.65mt @ 1.53 g/
Slide 19: Exploration North QLD (earning 60%)
Exploration North QLD (earning 60%) For personal use only Mt Windsor JV – World Class Gold District: 2011 field season drill targets Ramelius Resources Limited: AGM Presentation November 2011 Page 16
Slide 20: Exploration North QLD - Liontown Joint Venture
Exploration North QLD (earning 60%) For personal use only Joint Venture with Liontown Resources Limited Exploring for Kidston style breccia hosted gold deposits Drilling at Mt Redan and Cardigan Dam completed – results awaited Breccia in Mt Redan Drill Core Mt Redan Target Ramelius Resources L
Slide 21: Exploration Nevada USA (earning 70%)
Exploration Nevada USA (earning 70%)* For personal use only Epithermal vein in drill core at Angel Wing Mt Redan Target Two JV’s with Miranda Gold Corp Drilling completed at both projects 2011 Targets defined for follow-up in 2012 *Marmota mayy earn 40% of RMS interest Ramelius Resources Lim
Slide 22: 2011-2012 Focus
2011-2012 Focus For personal use only Wattle Dam ¾ Continued operations and near mine exploration ¾ More exploration along strike (Eagles Nest and Hilditch) Mt Magnet ¾ Focused on bringing the project into production 85,000 oz p.a. ¾ Move to expand the project with higher gold price to +100,000
Slide 23: First Blast Mt Magnet September 2011
First Blast Mt Magnet September 2011 For personal use only Ramelius Resources Limited AGM Presentation November 2011 Page 20
Ramelius Resources — Shareholder Meeting (November 2011) on 6ix