Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Diggers & Dealers 2022
26 slides from Ramelius Resources's conference presentation, Aug 1, 2022
Slide 1: An Australian Gold Growth Story
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS An Australian Gold Growth Story DIGGERS & DEALERS • AUGUST 2022 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$949M @ $1.095 per share FY22 Production3 258,625oz @ AISC A$1,523/oz Cash & Gold2 A$172.9M FY23 Guidance3 240,000 – 280,000oz @ AISC of A$1,750 – 1,950/oz Debt2 Nil (Undrawn A$100M facility) Mineral Resources4 5.
Slide 4: Mission, Values, Strategy and the Essentials
MISSION, VALUES, STRATEGY AND THE ESSENTIALS For personal use only DIGGERS & DEALERS • AUGUST 2022 4
Slide 5: Project Overview
PROJECT OVERVIEW ➢ Ramelius has two production centres at Mt Magnet & Edna May For personal use only ➢ 1) Mt Magnet: ▪ Mt Magnet has produced over 6Moz since mining first began in 1891 ▪ 2.0Mt pa mill with both open pit and underground sources within 5km ▪ High grade Vivien underground ore being hau
Slide 6: H2 FY22 Ore Haulage to Edna May
H2 FY22 ORE HAULAGE TO EDNA MAY* ➢ Average planned haulage rate of For personal use only ~120,000tpm (dotted line) ➢ Jan & Feb 2022 actuals affected by road train driver shortages with closed WA border ➢ Increased access to drivers following border re-opening in March 2022 ➢ COVID-19 impacts primari
Slide 7: Maintaining Margins Through COVID-19
MAINTAINING MARGINS THROUGH COVID-19 For personal use only ➢ Gold production increased year-on-year by +20% from FY15 to FY21 ➢ FY22 Actual: ▪ 258,625oz at an AISC of A$1,523/oz* ➢ AISC profile seeing cost pressures stemming from inflation & COVID related impacts ➢ Sales/AISC margin still healthy at
Slide 8: Key Project Updates
For personal use only KEY PROJECT UPDATES DIGGERS & DEALERS • AUGUST 2022 8
Slide 9: Penny - Heading to the First Ore Drive
PENNY - HEADING TO THE FIRST ORE DRIVE IN ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES ➢ Mineral Resources - 620kt @ 15.0g/t for 300koz1 For personal use only . ➢ Ore Reserve - 500kt @ 14.0g/t for 230koz1 ➢ Feasibility Study completed October 2020* ▪ AISC of A$633/oz – inflated to A$749/oz current ▪
Slide 10: Penny - Heading to the First Ore Drive (Video)
PENNY - HEADING TO THE FIRST ORE DRIVE IN ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES For personal use only . VIDEO DIGGERS & DEALERS • AUGUST 2022 10
Slide 11: Vivien - Potentially the Last Two Years
VIVIEN - POTENTIALLY THE LAST TWO YEARS For personal use only . ➢ Started 2016, further two years of production ➢ +10x return on original purchase of A$10M^ ▪ Original Reserve of 400kt @ 7.9g/t for 101koz* ▪ Production to date of 1.4Mt @ 5.8g/t for 245koz ▪ Remainder of underground, crown pillar ope
Slide 12: Mt Magnet: Eridanus - Best Grades FY24-25
MT MAGNET: ERIDANUS - WILL SEE THE BEST GRADES FY24-25 For personal use only . ➢ Eridanus Stage 2 open pit commenced in June 2020 ➢ Open pit continues into FY25, with grade improving at depth ➢ February 2022 Mineral Resources1: ▪ Eridanus 20Mt @ 1.2g/t for 760,000 ounces ▪ Orion/Franks Tower 6.9Mt @
Slide 13: Mt Magnet: Galaxy - Extensions Likely
MT MAGNET: GALAXY - EXTENSIONS LIKELY For personal use only . ➢ Historic area mined by Ramelius 2012 – 2018 upon re-start ➢ Banded Iron Formations have excellent depth continuity ➢ PFS complete & Board approval received March 2022*, currently ~500m down the decline ➢ 5 year mine plan identified init
Slide 14: Sources of Future Growth
For personal use only SOURCES OF FUTURE GROWTH DIGGERS & DEALERS • AUGUST 2022 14
Slide 15: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES# For personal use only Centre Study Description . Next Key Date Hill 50 underground: Desktop Study complete, Scoping Study in progress December 2022 Eridanus underground: Pre-Feasibility Study, awaiting further drilling and pit deepening TBA Mt Magnet Bartu
Slide 16: Mt Magnet: Hill - Scoping Study
MT MAGNET: HILL 50 - SCOPING STUDY For personal use only . ➢ 2.1Moz mined historically, Mt Magnet’s largest producer ➢ Existing Mineral Resource: 1.6Mt at 6.6g/t Au for 340koz* ➢ Desktop Study positive based on 2022 pricing assumptions ➢ Scoping Study update: ▪ Mine design and schedule completed in
Slide 17: Mt Magnet: Bartus - Underground Potential Within 5km of the Mill
MT MAGNET: BARTUS - UNDERGROUND POTENTIAL WITHIN 5KM OF THE MILL ➢ Further results from recent RC and diamond drilling*: For personal use only ▪ 8m at 4.82g/t Au from 187m in GXRC0900 ▪ 14m at 2.94g/t from 226m, including 8m at 6.49g/t Au from 230m ▪ 9m at 3.84g/t Au from 247m ➢ Visible gold in deep
Slide 18: Edna May: Stage Open Pit - Almost Million Ounces
EDNA MAY: STAGE 3 OPEN PIT - ALMOST 1 MILLION OUNCES IN TOTAL MINERAL RESOURCE ➢ Scoping Study completed 2021 For personal use only . ➢ Mineral Resource update (February 2022)1 ▪ Golden Point: 2.5Mt at 0.9g/t Au for 71koz (up 13%) ▪ High Grade Lodes: 330kt at 5.4g/t Au for 57koz ▪ Total Edna May: 31
Slide 19: Rebecca Project - Infill Drilling Increases Resources
REBECCA PROJECT – INFILL DRILLING INCREASES RESOURCES & CONFIDENCE ➢ A proven, regional-scale gold belt & Tier 1 location For personal use only ▪ 150km north-east from Kalgoorlie, Australia’s premier gold province ▪ Southern end of the +30Moz Laverton Tectonic Zone ▪ Access to first-class regional i
Slide 20: Inorganic Growth - Return on Investment a Key Driver
INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER* For personal use only ➢ Track record of generating positive (net) cash flow from new projects ➢ Inventory build up shown in chart as notional cashflow: ▪ Marda: 489kt @ 1.4g/t for 22koz ▪ Tampia: 590kt @ 1.56g/t for 30koz ➢ Penny underground firs
Slide 21: Inorganic Growth - Third Production Centre Strategy
INORGANIC GROWTH - THIRD PRODUCTION CENTRE STRATEGY For personal use only Opportunity ➢ Ramelius has two production centres at Mt Magnet & Edna May, currently producing 250-280koz per annum ➢ Strategy has been to acquire a 3rd production centre to add scale, diversity, optionality & growth prospects
Slide 22: Ramelius - Well Positioned for FY23 and Beyond
RAMELIUS - WELL POSITIONED FOR FY23 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 Balan
Slide 23: Thank You
THANK YOU 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 Managing Dir
Slide 24: Appendix - 2021 Mineral Resource Statement
APPENDIX 1 - 2021 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral For personal use only Resources see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 10 September 2021. The Company confirms that it is not aware of any new information or data that materially affect
Slide 25: Appendix - 2021 Ore Reserve Statement
APPENDIX 2 - 2021 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 10 September 2021. The Company confirms that it is not aware of any new information or data that materially affects the info
Slide 26: Appendix - Production Information from Peer Companies
APPENDIX 3 - PRODUCTION INFORMATION FROM PEER COMPANIES For personal use only Code FY22 Production Date Source NCM 1,956koz 21-Jul-22 June 2022 Quarterly NST 1,561koz 20-Jul-22 June 2022 Quarterly EVN 640koz 21-Jul-22 June 2022 Quarterly RRL 437koz 26-Jul-22 June 2022 Quarterly SBM 281koz 08-Jul-22