Ramelius Resources Limited · ASX:RMS
Ramelius Resources — RIU Conference Sydney May 2010
20 slides from Ramelius Resources's conference presentation, May 10, 2010
Slide 1: Ramelius Resources Limited – RIU Conference Sydney May 2010
For personal use only Ramelius Resources Limited RIU Conference Sydney May 2010 Ian Gordon CEO
Slide 2: Disclaimer
For personal use only DISCLAIMER 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 achievements could be significantl
Slide 3: Company Overview
Company Overview For personal use only Directors: Robert Kennedy ‐ Chairman Reg Nelson Kevin Lines Joe Houldsworth Ian Gordon ‐ CEO Issued Shares: 291 m ordinary shares 18.4 m options expiring 30/6/10 Sprott Asset Management ~14% Large Shareholders: Beach Energy Limited ~7% Directors ~6% 3
Slide 4: Company Strategy
Company Strategy For personal use only Grow Ramelius into a profitable long life miner Maximise cash flow and profits from operations Extend mine life at Wattle Dam beyond 2011 Explore for world class long lived gold deposits Acquire production projects that have upside Provide significa
Slide 5: Results Summary
Results Summary For personal use only 3 years of full year net profit 2007‐2009 Net Profit of $10.1m for December half 2009 Record production of 20,832 in Dec Qtr 2009 UG Production of > 40,000 ounces to date Project payback achieved in March Qtr 2010 Capital Return of 5 cps announced 5
Slide 6: Wattle Dam Underground Mine
Wattle Dam Underground Mine For personal use only Commenced May 2009 First production December 2009 Project Payback March Qtr 2010 Average total costs of ~A$500* per ounce * Includes capital and royalties 6
Slide 7: Wattle Dam Underground Mine
Wattle Dam Underground Mine For personal use only Open Pit 241 Level 41 g/t Open Pit Mined 225 Level 41 g/t Mined 20 g/t 205 Level 41 g/t 185 Level 44 g/t Decline High Grade outline 7
Slide 8: Mine Geology
Mine Geology For personal use only Ultramafic contact with interflow sediment and extensive coarse gold 8
Slide 9: Wattle Dam Grades
Wattle Dam Grades For personal use only Highest grade gold mine in Australia Extensive coarse gold within high grade ore zone Grade significantly higher than plan of 16 g/t Average grade for high grade to date of > 31 g/t All four development drives averaged over 40 g/t 60‐70% of gold re
Slide 10: Extensive Visible Gold
Extensive Visible Gold For personal use only 10
Slide 11: Resource Upgrade
Resource Upgrade For personal use only Completed March 2010 New resource of 130,900 oz at 18 g/t Expecting overcall when mined and milled Table 1: Wattle Dam Resource Inventory Model MOD1002.DAT All blocks inside Lode envelope, 2000g/t topcut, depleted for mining 28/02/10 Category RL zone Tonn
Slide 12: Deep Diamond Drilling
Deep Diamond Drilling For personal use only Commences late May 2010 from base of mine Drill position currently being completed Extensive program to define new resources Encouraging results from surface diamond holes Surface drilling results include 5.5m @ 148 g/t Au and 3.5m @ 13.8 g/t Au
Slide 13: Deep Diamond Drilling
Deep Diamond Drilling For personal use only Target 13 Zone
Slide 14: Exploration & Acquisitions
Exploration & Acquisitions For personal use only Focus 1: Wattle Dam Deep drilling Focus 2: New deposits in world class gold belts ¾ Mt Windsor QLD: Breccia and epithermal gold ¾ Glen Isla NSW: Epithermal / porphyry gold ¾ Big Blue Nevada: Carlin sediment hosted gold New acquisitions will be u
Slide 15: Mt Windsor JV (earning 60%)
Mt Windsor JV (earning 60%) For personal use only World Class Gold District in North QLD Adjoins Mt Leyshon 3M oz Au & Pajingo 3M oz Au 15
Slide 16: Mt Windsor JV...
Mt Windsor JV... For personal use only Targeting breccia & epithermal style gold deposits Over 40 targets developed Drilling over IP anomaly at G5 in June 2010 G5 IP TARGET 16
Slide 17: Glen Isla JV (earning 75%)
Glen Isla JV (earning 75%) For personal use only World Class Gold District in NSW 3D IP survey completed April 2010 17
Slide 18: Big Blue JV (earning 70%)
Big Blue JV (earning 70%)* For personal use only World Class Gold District in Nevada US Targeting large sediment hosted gold deposits Nevada California 18 *Marmota may earn 40% of RMS interest
Slide 19: Investment Highlights
Investment Highlights For personal use only Strong financial position $80m cash and no debt Producing gold at the highest grade in Australia Low total cost base ‐ average of ~A$500* per ounce New drilling to test Wattle Dam extensions New pipeline of projects in world class locations His
Slide 20: Thank you
Thank you For personal use only The Information in this report that relates to Exploration Results is based on information compiled by Matthew Svensson. Matthew Svensson is a Member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralis