Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Diggers & Dealers August 2023
23 slides from Ramelius Resources's conference presentation, Aug 7, 2023
Slide 1: Ramelius Resources Limited
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS DIGGERS & DEALERS • AUGUST 2023 1
Slide 2: Forward Looking Statements
QUALIFICATION Forward Looking Statements For personal use only 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 risks and unce
Slide 3: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance For personal use only Market Cap1 A$1.3B @ A$1.26 per share FY23 Production2 240,996oz @ AISC of A$1,895/oz Cash & Gold3 A$272.1M FY24 Guidance2 250,000 – 275,0000oz @ AISC of A$1,550 - 1,750/oz Debt3 Nil (Undrawn A$100M facility) Mineral Resources
Slide 4: AISC Margin - Now Turned the Corner
AISC MARGIN - NOW TURNED THE CORNER For personal use only ➢ FY23 group gold production 240,996oz at AISC A$1,895/oz ➢ AISC expected to reduce as commercial levels of production from Penny are sustained into FY24 ➢ Assuming no material change in gold price, AISC margins are forecast to expand in both
Slide 5: Recent M&A Activity
For personal use only RECENT M&A ACTIVITY DIGGERS & DEALERS • AUGUST 2023 5
Slide 6: Acquisitions on Strategy - Breaker Acquired & Offer for Musgrave Open
ACQUISITIONS ON STRATEGY - BREAKER ACQUIRED & OFFER FOR MUSGRAVE OPEN For personal use only DIGGERS & DEALERS • AUGUST 2023 6
Slide 7: Ramelius Successfully Acquires Breaker
RAMELIUS SUCCESSFULLY ACQUIRES BREAKER1 ➢ Breaker Resources NL, owner of the Lake Roe Gold Project For personal use only (Roe), acquired in May 2023 ▪ Roe Mineral Resources of 32 Mt @ 1.6 g/t Au for 1.7 Moz 2 ▪ Breaker’s shareholders received 1 Ramelius share for every 2.82 Breaker shares held, givi
Slide 8: Roe Gold Project - Overview
ROE GOLD PROJECT - OVERVIEW ➢ Tier 1 location For personal use only ▪ ~100km east from Kalgoorlie, in Australia’s premier gold province ▪ Southern end of the Keith – Kilkenny Tectonic Zone ➢ Bombora & Crescent - Kopai deposits ▪ 1.7Moz Mineral Resource (32Mt @ 1.6g/t Au)* ▪ Bombora deposit – the 1.5
Slide 9: Ramelius Offer to Acquire Musgrave Minerals Ltd
RAMELIUS OFFER TO ACQUIRE MUSGRAVE MINERALS LTD ➢ Ramelius to acquire Musgrave Minerals Ltd (ASX:MGV), owner of For personal use only the Cue Gold Project in Western Australia, via recommended scrip and cash off-market takeover Offer ▪ Cue Gold Project has Mineral Resources of 12.3 Mt @ 2.3g/t Au fo
Slide 10: Cue Gold Project - Overview
CUE GOLD PROJECT - OVERVIEW ➢ Tier 1 location For personal use only ▪ 40km north of the town of Mt Magnet in WA ▪ 5km from the Great Northern Highway ▪ Prime location within the Murchison Goldfield ➢ Cue Gold Project Mineral Resources1 ▪ Totals 12.3Mt @ 2.3g/t Au for 927koz, includes: o Break of Day
Slide 11: Cue Gold Project - Exploration Potential
CUE GOLD PROJECT - EXPLORATION POTENTIAL ➢ Murchison Province in the north-western part of the For personal use only Archean Yilgarn Craton ➢ Greenstone sequence dominated by ▪ Cuddingwarra Shear Zone (from Mt Magnet to Meekatharra) ▪ Break of Day Shear (splay off Cuddingwarra Shear Zone) ➢ Mineral
Slide 12: Key Project Updates
For personal use only KEY PROJECT UPDATES DIGGERS & DEALERS • AUGUST 2023 12
Slide 13: Penny - Haulage Catch-up Complete and Resource Extensions on the Way
PENNY - HAULAGE CATCH-UP COMPLETE AND RESOURCE EXTENSIONS ON THE WAY ➢ Mineral Resources - 530kt @ 17.2g/t for 290koz1 For personal use only . ➢ Ore Reserve - 490kt @ 15.0g/t for 230koz1 ➢ Stoping well underway, multiple fronts open ➢ Haulage ramped up to clear site stockpiles ➢ UG drilling producin
Slide 14: Mt Magnet: Galaxy (Saturn & Mars) Development in Full Swing
MT MAGNET: GALAXY (SATURN & MARS) DEVELOPMENT IN FULL SWING ➢ Galaxy For personal use only . ▪ Decline rehab progressed down below Mars access points ▪ Ore driving commenced, production ramp up during FY24 ▪ Resource definition drilling ongoing, with recent results incl*: ▪ 2.8m @ 9.40g/t Au ▪ 11.1m
Slide 15: Symes - New High Margin Open Pit Feed for Edna May
SYMES - NEW HIGH MARGIN OPEN PIT FEED FOR EDNA MAY ➢ 120km by road from Edna May For personal use only . ➢ Mineral Resource1 of 1.4Mt at 1.7tg/t for 75koz ➢ Scoping Study, PFS completed ➢ Site infrastructure underway ➢ Final approvals expected Q1 FY24 1 See RMS ASX Release “3 Year Production Outlook
Slide 16: Vivien & Tampia - Progressive Rehabilitation Where Possible
VIVIEN & TAMPIA - PROGRESSIVE REHABILITATION WHERE POSSIBLE ➢ Vivien – mined from 2015 - 2023 For personal use only . ▪ Minimised additional surface disturbance using in-pit disposal only ▪ Historic waste dump with remediation carried out ▪ Infrastructure largely removed, ripped & ready for seeding
Slide 17: Sources of Future Growth
For personal use only SOURCES OF FUTURE GROWTH DIGGERS & DEALERS • AUGUST 2023 17
Slide 18: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES#* Centre Study Description Status / Next Key Date For personal use only Hill 50 underground: Work has been undertaken to examine. the potential to target June 2024 Resources with diamond drilling at depth. Other underground development projects, such as Bar
Slide 19: Inorganic Growth - Return on Investment a Key Driver
INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER ➢ Track record of generating positive (net) cash For personal use only flow* from new projects ➢ Inventory build-up shown as notional c/flow ▪ Marda: 300kt @ 1.56g/t for 15koz ▪ Tampia: 1,184kt @ 1.47g/t for 56koz ▪ Penny: 6kt @ 7.20g/t for 1koz ➢
Slide 20: Ramelius - Well Positioned for FY24 and Beyond
RAMELIUS - WELL POSITIONED FOR FY24 AND BEYOND For personal use only Proven management team adept in either greenfields development or Operational Excellence refurbishment & operation of both open pit and underground mines Strong balance sheet, disciplined approach to capital management with a focus
Slide 21: Thank You - Booth
THANK YOU - BOOTH 48 For personal use only 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 Tim Manners Luke Forrestal M
Slide 22: Appendix - 2022 Mineral Resource Statement
APPENDIX 1 - 2022 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral For personal use only Resources see ASX Releases (RMS) “Resources and Reserves Statement 2022”, 13 September 2022. The Company confirms that it is not aware of any new information or data that materially affect
Slide 23: Appendix - 2022 Ore Reserve Statement
APPENDIX 2 - 2022 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2022”, 13 September 2022. The Company confirms that it is not aware of any new information or data that materially affects the info