Slide 1: September 2024 Quarterly Results
Ramelius Resources Limited Mark Zeptner Darren Millman Managing Director Chief Financial Officer ASX:RMS SEPTEMBER 2024 QUARTERLY RESULTS October 20241 SEPTEMBER 2024 QUARTERLY RESULTS • OCTOBER 2024 July 2024
Slide 2: Qualification & Non-IFRS Financial Information
QUALIFICATION & NON-IFRS FINANCIAL INFORMATION 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 ris
Slide 3: Key Highlights
KEY HIGHLIGHTS Safety ▪ No Lost Time Injuries recorded during the Quarter, with the Company not recording an LTI since May 2023 Production ▪ Quarterly gold production of 62,444 ounces at an AISC of A$1,965/oz (excluding non-cash = AISC A$1,589/oz) Cash Generation ▪ Operating cash flow of A$111.2M an
Slide 4: Gold Production by Quarter – FY25 Guidance remains unchanged
GOLD PRODUCTION BY QUARTER – FY25 Guidance remains unchanged SEPTEMBER 2024 QUARTERLY RESULTS • OCTOBER 2024 4
Slide 5: Q1 FY25 Mining & Production – mined grades increasing with commencement of Cue
Q1 FY25 MINING & PRODUCTION – mined grades increasing with commencement of Cue ORE TONNES MINED MINED GRADE ORE TONNES MILLED MILLED GRADE GOLD PRODUCTION 0.4Mt 3.43g/t 1.0Mt 2.08g/t 62koz million tonnes mined grams per tonne million tonnes milled grams per tonne of gold production Focus on developm
Slide 6: Q1 FY25 Mt Magnet Operating Highlights
Q1 FY25 MT MAGNET OPERATING HIGHLIGHTS – focus on development, on track for Guidance (230koz – 250koz) ▪ Safety: two (2) Restricted Work Injuries during the Quarter, no Lost Time Injuries ▪ Production: 41,019 ounces of gold produced at Mt Magnet ▪ Costs: AISC of A$1,525 per ounce ▪ Operations: focus
Slide 7: The Cash Flow Intersection….Cue
THE CASH FLOW INTERSECTION….CUE ▪ Ore mining commenced ahead of schedule ▪ 35,359 tonnes high-grade at 10.2g/t for 11,574 ounces currently stockpiled at site ▪ Ore haulage planned to commence in early November 2024 SEPTEMBER 2024 QUARTERLY RESULTS • OCTOBER 2024 7
Slide 8: Q1 FY25 Edna May Operating Highlights
Q1 FY25 EDNA MAY OPERATING HIGHLIGHTS – unlocking value in stockpiles across the hub ▪ Safety: two (2) Restricted Work Injuries during the Quarter, no Lost Time Injuries ▪ Production: 21,425 ounces of gold produced at Edna May ▪ Costs: AISC of A$2,799 per ounce which includes a A$1,087/oz non-cash c
Slide 9: Eridanus – shaping up for a mill expansion
ERIDANUS – shaping up for a mill expansion ▪ New open pit Production Target1 at Eridanus of 12 – 16Mt at 1.2 – 1.6g/t for 575 – 775koz, a 25% increase from previous target with a mill expansion firming at 3Mtpa ▪ New Exploration Target, over and above existing 1.2Moz Mineral Resource2, from 500 metr
Slide 10: Q1 FY25 Financials
Q1 FY25 FINANCIALS GOLD SALES REALISED GOLD PRICE AISC FREE CASH FLOW1 CASH & GOLD A$3,359 A$1,965 A$89.6 A$438.6 63koz dollars per ounce million in gold sales dollars per ounce million In line with gold Up 3% Q-on-Q In line with expectations Very strong cash flow Liquidity of over A$600 production
Slide 11: A$89.6M Free Cash Flow for Q1 FY25
A$89.6M FREE CASH FLOW FOR Q1 FY25 – exceptional cash generation despite lower production ➢ Q1 FY25 gold production of 62,444oz and AISC of A$1,965/oz (excluding non- cash = AISC A$1,589/oz) ➢ FY25 gold production guidance of 270,000 – 300,000oz and AISC guidance of A$1,500 – 1,700/oz (midpoint) 1 ➢
Slide 12: Cash Flow – proven ability to generate significant cash flows
CASH FLOW – proven ability to generate significant cash flows from operations 1 Free cash flow represents the underlying free cash flow which is total cash flow before one-off cash flows such as acquisitions and investments, taxes, stamp duty payments, and dividends 2 New debt facility was entered i
Slide 13: Key Focus Areas in FY25
KEY FOCUS AREAS IN FY25 Centre Description Status/Next Key Date Corporate/Company Continue to improve Safety performance Group-wide Deliver FY25 Guidance Mt Magnet Develop and deliver first Cue ore to Mt Magnet as planned December 2024 Quarter Complete Eridanus underground/open pit studies December
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 Darren Millman Luke Forrestal Managing Director Chief Financia
Slide 15: Appendix 1: FY25 Gold Production & AISC Guidance
APPENDIX 1: FY25 GOLD PRODUCTION & AISC GUIDANCE – another strong year ahead…. ➢ Mt Magnet up 50% to 240,000 ounces at the mid-point ➢ Edna May to process remaining stockpiles to produce 45,000 ounces (midpoint) then C&M ➢ FY25 guidance AISC comparable to FY24 with lower Growth Capital ➢ Continued s