Slide 1: A Gold Plated Investment
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 mineralisation and
Slide 2: Disclaimer
For personal use only DISCLAIMER This presentation contains certain forward looking statements with respect to Ramelius Ramelius’ financial condition, condition results of operations and other matters that are subject to various risks and uncertainties. Actual results, performance or achievements co
Slide 3: Company Overview
Company Overview For personal use only Corporate Details Share Price History ASX Code: RMS Ordinary Shares on Issue: 291M Market Capitalisation: A$220M 12 month share price range: $0.405‐0.915 Cash and Gold on Hand: ~A$70M Current Debt: Nil Enterprise Value: A$150M Directors Major Shareholders Rober
Slide 4: Investment Highlights
Investment Highlights For personal use only Wattle Dam Gold Mine ‐ High grade gold production ‐ Total cost of less than A$500 per oz ‐ Deep drilling confirms mine life upside Mt Magnet Gold project ‐ Historic production of 5.6M oz Au ‐ JORC Resources of 3.3M oz and Reserves of 474,000 oz ‐ Poten
Slide 5: Last months...
Last 12 months... months For personal use only Successful development of Wattle Dam mine 9 Record gold production of 60 60,000 000 oz in 2009/10 9 Production of 25,243 oz gold in Sept Qtr 2010 9 Mine cash flow of A$25m in Sept Qtr 2010 9 Net Profit of A$20m for 2009/10 year 9 Acquisition
Slide 6: Conceptual Production Targets
Conceptual Production Targets For personal use only Estimated production of 80,000 oz in 2010/11 Targeting production of 200,000 oz by 2013/14 1‐3 Wattle Dam Mt Magnet O Oz 250000 200000 150000 100000 50000 0 2010/11 Est. 2011/12 Target 2012/13 Target 2013/14 Target 1. Pending Exploration Succes
Slide 7: Project Locations
Project j Locations For personal use only Located in stable well serviced mining centres 7
Slide 8: Wattle Dam Mine (WA)
Wattle Dam Mine (WA) For personal use only Australia’s highest grade gold mine Estimated production of 80,000 oz in 2010 / 2011 Total cash costs of less than A$500 per oz 8 8
Slide 9: Wattle Dam Underground Mine
Wattle Dam Underground Mine For personal use only Open Pit Open Pit Mined 23 g/t Mined 20 g/t Decline High Grade zone 9
Slide 10: Wattle Dam Deep Drilling
Wattle Dam Deep Drilling For personal use only Ongoing O i since i J June 2010 Exceptional results Current Mine Plan from deeper holes Similar results to current miningg zone Deeper drilling in 5.5m @ 148 g/t December 2010 Decline Decline is being 2m @ 408 g/t extended to allow deeper dril
Slide 11: Mt Magnet Gold Project (WA)
Mt Magnet Gold Project (WA) For personal use only Significant past gold producer ~ 5.6M oz 3.3M 3 3M oz of gold resources (estimated June 2010) 474K oz of open pit gold reserves at A$1150 oz A further 200K oz gold available in other pits Targeting production of 100K oz p.a. for 5‐7 years
Slide 12: Mt Magnet Gold Project
Mt Magnet Gold Project For personal use only All reserves from open cutt mining i i Mill and other infrastructure in place All environmental approvals Reserves close to existing gold plant Gas fired power available to site Start up costs of A$40‐45m $ Start up costs can be funded from
Slide 13: Mt Magnet – Forward Plan
Mt Magnet – Forward Plan * For personal use only Drill testing known high grade shoots Sep-Dec 10 Drill testing deeper underground targets Sep-Dec 10 Updated resource model Feb 11 C Complete ffinal pit optimisation & design March 11 Decision to recommence production April 11 Refurbishment of plant &
Slide 14: Mt Magnet Upside – Saturn Pit
Mt Magnet Upside – Saturn Pit High Grade zones below current open pits For personal use only Potential to increase ggrade byy focussingg on BIF* *Banded Iron Formation 14
Slide 15: Mt Magnet - Mercury Target
Mt Magnet ‐ Mercury Target For personal use only Targeting high grade below open pit and deeper p targets g Mineralisation open at depth Drilling D illi tot commence in September 2010 Excellent drill results from recent drilling Significant potential for underground mining 15
Slide 16: Mt Magnet Depth Potential
Mt Magnet Depth Potential For personal use only All drilling at Mt Magnet 200m to 400m depth 200 – 400m Depth 16
Slide 17: Exploration QLD (earning 60%)
Exploration p QLD ((earningg 60%)) Q For personal use only Mt Windsor JV – World Class Gold District IP targets identified with drilling commenced 17
Slide 18: Exploration QLD (G14 G20 G22 Targets)
Exploration p QLD ((G14 G20 G22 Targets) Q g ) For personal use only G14, G20, G22 IP S Surveys ttargeting ti vertically zoned, intrusive breccia IP related gold Anomalies deposits, analogous to Mt Leyshon, Kidston + Mt Wright Strong chargeable and resistive IP anomalies at G20, G20 and G22 with
Slide 19: Exploration Nevada (earning 70%)
Exploration Nevada (earning 70%)* For personal use only World class gold di t i t district Two new JV’s with Miranda Gold Corp Big Blue targeting Carlin style sediment hosted gold Angel Wing targeting high grade veins (epithermal) Work commenced at Big Blue with drilling in Nov 2010 IP s
Slide 20: Exploration Nevada (Angel Wing)
Exploration Nevada (Angel Wing) High grade epithermal vein identified For personal use only IP completed and drilling commenced in October 2010 20
Slide 21: Why Invest in Ramelius?
Why Invest in Ramelius ? For personal use only Operations 9 Wattle Dam ‐ highest grade gold mine in Australia 9 Low cost production of 80,000 80 000 oz in 2010/11 9 Mt Magnet ‐ 3M oz of resources, established facilities Capital Position 9 Strong profitability and ~A$70m in cash and gold 9 Mt Magnet
Slide 22: Resources and Reserves
For personal use only RESOURCES AND RESERVES Resources Measured Indicated Inferred Total Project Tonnes Au Au Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t oz ('000s) g/t oz ('000s) g/t oz ('000s) g/t oz Mt Magnet 2,194 2.7 193,000 33,633 2 2,122,000 15,044 2.1 1,030,000 50,871 2 3,345,000 Watt
Slide 23: Wattle Dam Gold Project
WATTLE DAM GOLD PROJECT For personal use only The Information in this report that relates to resources and estimated mine grade at Wattle Dam is based on information compiled by Rob Hutchison. Rob Hutchison is a Member of the Australian Institute of Mining and Metallurgy and has sufficient experienc