Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Diggers & Dealers 2013
21 slides from Ramelius Resources's conference presentation, Aug 5, 2013
Slide 1: Diggers & Dealers Presentation August 2013
For personal use only Ramelius Resources Limited ASX:RMS Diggers & Dealers Presentation August 2013
Slide 2: Forward Looking and Competent Persons Statements
Forward Looking and Competent Persons Statements: For personal use only Forward looking statements This presentation contains certain forward looking statements with respect to Ramelius’ financial condition, results of operations, production targets and other matters that are subject to various risk
Slide 3: Ramelius Corporate
Ramelius Corporate: For personal use only Corporate details: Significant shareholders: ASX Code: RMS Sprott: 6% Ordinary shares on issue: 338m Geologic: 3% Market capitalisation: ~A$46m Dimensional: 3% 6 month share price range: $0.10-0.56 Cash and gold on hand: A$37m (Jun 13) Listed Investments A$4
Slide 4: Strategy
Strategy: For personal use only Deliver profitable production in any gold price environment Revised mine plan 2013-14 (107,500oz at total production cost of A$1,200) Grades now in line with resource modelling Increased focus on meeting budgeted site costs Mt Magnet has a minimum four year mine life
Slide 5: Capital Management
Capital Management: For personal use only Ramelius has returned $33m of cash to its investors since 2007 Ranked 2nd* for return of cash to shareholders in this period Ramelius will look to deliver further dividends in 2014 Coogee Pit ready for mining * Australian junior listed gold producers (market
Slide 6: Australian Project Locations
Australian Project Locations: For personal use only Ramelius Resources Limited • Diggers & Dealers • August 2013 6
Slide 7: Project overview
Project overview: For personal use only Mt Magnet – in production Revised mine plan 2013-14 (90,000oz at total production cost of A$1,210) Grades now in line with resource model (+1.5 g/t) High grade Western Queen South pit commenced in March 2013 Focus will be on cost management in 2013/14 Burbanks
Slide 8: Production Targets
Production Targets:* For personal use only Clear plan for production to 2016-17 with increasing grade Base case Mt Magnet production of 356,000 oz over 4 years (at A$1,350 Au). Development at Vivien increases total production to 135,000 oz p.a. 140000 120000 100000 80000 Vivien Coogee 60000 Mt Magne
Slide 9: Mt Magnet Project
Mt Magnet Project: For personal use only 1.7mtpa processing plant readily expandable to 2.4mtpa Pipeline of open pit and potential underground mines with increasing grade: Western Queen South, O’Meara and Golden Stream open pits Potential underground mines at Water Tank Hill and Saturn / Mars High g
Slide 10: Mt Magnet Project: Saturn Pit
Mt Magnet Project: For personal use only Saturn Pit Operations in 2013/14 focussed on Saturn, Western Queen Sth and Mars pits Production of 90,000 ounces of gold at a total operating cost of A$1,210 / oz Project remains robust at A$1350 gold - producing an average of 90,000 oz p.a. over 4 years at a
Slide 11: Mt Magnet Project: Operating Plan 2013/14
Mt Magnet Project: Operating Plan 2013/14 (includes Western Queen South) For personal use only Budget Actual Operating Statistics Unit Difference % 2013-14 2012-13 Total Movement BCM (m) 3.4 5.7 -2.3 -40% Ore Processed mt 1.73 1.62 0.11 7% Grade g/t Au 1.76 1.21 0.55 45% Recovery % 92 92 0 0% Gold P
Slide 12: Mt Magnet – Western Queen South
Mt Magnet – Western Queen South: For personal use only Probable Ore Reserve (182,000t @ 3.9 g/t for 23,000 oz) Mining commenced in March 2013 with first ore to mill in September More than 60% of pit waste movement has now been completed Ore to Mt Magnet mill in September 2013 Ramelius Resources Limi
Slide 13: Mt Magnet – Water Tank Hill / St George
Mt Magnet – Water Tank Hill / St George: For personal use only Potential for near term high grade underground production Combined Mineral Resource of 125,000¹ oz at 5.2 g/t Au near existing decline Mining study defined 60,000² oz’s a total cost of A$1,185 per /oz (incl. capital) Development will be
Slide 14: Mt Magnet – Saturn Deeps
Mt Magnet – Saturn Deeps: For personal use only Scoping Study identifies potential for underground mining Infill drilling to upgrade resource to be completed by end of August 2013 Mining study to be completed by the end of 2013 Resource Conceptual Decline Access with 25m mining levels 50m Mine Desig
Slide 15: Vivien Project (WA) – high grade opportunity
Vivien Project* (WA) – high grade opportunity: For personal use only Acquisition from Gold Fields (negotiations on settlement timing continuing) Vein style mineralisation with multiple high grade zones Open down plunge of high grades (drilling in 2013/14) Indicated Resource of 579,000t Existing Pit
Slide 16: Coogee Project (WA) – high grade open pit
Coogee Project (WA) – high grade open pit: For personal use only High grade open pit (Probable Ore Reserve of 109,000t @ 5.1 g/t for 18,000 oz) Plan to mill at Ramelius’ Burbanks milling facility Mining to commence in August 2013 Significant Intersections:* Optimised Open Pit 6m @ 37.8 g/t Au 7m @ 3
Slide 17: Exploration – new high grade opportunities
Exploration – new high grade opportunities: For personal use only Targeting discovery of incremental high grade ore at Mt Magnet Targets close to existing underground infrastructure and Saturn Deeps Highlights deeper underground exploration potential at Mt Magnet 5cm High Grade Quartz Vein in Saturn
Slide 18: Exploration – Angel Wing Project Nevada
Exploration – Angel Wing Project Nevada*: For personal use only Targeting high grade feeders below defined plus1.0 g/t gold mineralisation Deeper RC drill testing commencing in August 2013 (4 holes) * Earning 70% with Marmota Energy (ASX:MEU) Ramelius Resources Limited • Diggers & Dealers • August 2
Slide 19: Summary – investment case
Summary – investment case: For personal use only Operations Mt Magnet – operating with capital spend completed Coogee – high grade feed to Burbanks plant Vivien – high grade development opportunity Upside Potential Mt Magnet is a large gold system with potential for new discoveries Vivien project is
Slide 20: Mineral Resource Statement
Mineral Resource Statement: Refer to Resources and Reserves ASX Release dated 27 September 2012 For personal use only MINERAL RESOURCES AS AT 30 JUNE 2012 – INCLUSIVE OF RESERVES Measured Indicated Inferred Total Resource Deposit Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t Oz ('0
Slide 21: Ore Reserve Statement
Ore Reserve Statement:sources and Reserves ASX Release dated 27 September 2012 ORE RESERVE STATEMENT AS AT 30 JUNE 2012 Pit For personal use only Proven Probable Total Reserve Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz Mt Magnet - Galaxy Pits Saturn 743 1.8 4