Ramelius Resources Limited · ASX:RMS
Ramelius Resources — RIU Explorers Conference 2024
26 slides from Ramelius Resources's conference presentation, Feb 14, 2024
Slide 1: Exploration Opportunity
Ramelius Resources Limited For personal use only Peter Ruzicka Executive General Manager - Exploration ASX:RMS Exploration Opportunity February February 2024 20241 RIU EXPLORERS CONFERENCE • FEBRUARY 2024
Slide 2: Forward Looking Statements and Competent Persons Statement
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: Ramelius Overview
RAMELIUS OVERVIEW For personal use only Mineral Resources* – 160Mt @ 1.5g/t Au (7.6Moz) Mineral Reserves* – 18Mt @ 1.6g/t Au (930koz) FY24 Production Guidance# – 265,000 - 280,000oz Exploration Strategic Priorities: ➢ Feed Existing Hubs ➢ Ramp up Greenfields Ramelius Growth Through Acquisition and E
Slide 4: Overview: Mt Magnet Gold Camp
OVERVIEW For personal use only MT MAGNET GOLD CAMP RIU EXPLORERS CONFERENCE • FEBRUARY 2024 4
Slide 5: Mt Magnet Gold Camp
MT MAGNET GOLD CAMP For personal use only Mineral Resources* – 60Mt @ 1.6g/t Au (3.1Moz) Mineral Reserves* – 14Mt @ 1.2g/t Au (570koz) Production – >6Moz over 89 years to December 2023 Longevity, sustainability, prospectivity, exploration upside Increasing target depth *See RMS ASX Release, “Resourc
Slide 6: Mt Magnet - Galaxy / Hill
MT MAGNET - GALAXY / HILL 50 For personal use only ➢ Interaction of northeast trending Boogardie Break structures with BIF stratigraphy forms discrete plunging high grade shoots ➢ Hill 50 Deeps Mineral Resource* – 1.9Mt @ 6.0g/t Au (360koz) with previous production of >2Moz to 1.5km depth ➢ Galaxy U
Slide 7: Mt Magnet - Hesperus
MT MAGNET - HESPERUS For personal use only ➢ Hesperus is located immediately south of Galaxy/Hill 50, a historic pit ➢ Similar concentration of northeast trending Boogardie Breaks structures interpreted through Hesperus ➢ High grade Hill 50-style BIF targets underlying porphyry intrusive: • 11m at 5
Slide 8: Mt Magnet - Granodiorite Hosted Deposits
MT MAGNET - GRANODIORITE HOSTED DEPOSITS ➢ Eridanus and Bartus East display high For personal use only grade pods within broader low grade stockwork zones ➢ Potential to form underground targets at depth ➢ Bartus East: • 60m at 7.82g/t Au • 45.6m at 10.4g/t Au ➢ Eridanus: • 69m at 3.13g/t Au • 45m a
Slide 9: Mt Magnet - Granodiorite Hosted Deposits
MT MAGNET - GRANODIORITE HOSTED DEPOSITS For personal use only ➢ Recent resource definition RC drilling from the base of the Eridanus pit ➢ Good confirmation of cohesive, high-grade zones with potential for underground mining: • 13m at 10.4g/t Au* • 12m at 12.8g/t Au* • 10m at 18.1g/t Au* *See RMS A
Slide 10: Mt Magnet - ANT Granodiorite Targets
MT MAGNET - ANT (AMBIENT NOISE TOMOGRAPHY) GRANODIORITE TARGETS ➢ Larger intrusive complexes have been mapped by high velocity response in For personal use only ANT passive seismic survey ➢ Mineralised targets generally occur around the margins of these, in apophyses or structurally hosted marginal
Slide 11: Overview: Cue Gold Project
OVERVIEW For personal use only CUE GOLD PROJECT RIU EXPLORERS CONFERENCE • FEBRUARY 2024 11
Slide 12: Cue Gold Project
CUE GOLD PROJECT For personal use only Mineral Resources* – 12.3Mt @ 2.3g/t Au (927koz) ➢ Including Break of Day* – 982kt @ 10.4g/t Au (327koz) Stage 1 PFS Production# – 2.45Mt @ 4.4g/t Au (337koz), 5 year LOM Strong strategic benefits with MMG, high margin, fast payback High grade depth extensions,
Slide 13: Cue Gold Project - Project Pipeline
CUE GOLD PROJECT - PROJECT PIPELINE For personal use only ➢ Strong pipeline of projects ➢ PFS* defines six open cut and one underground mine (Break of Day) ➢ Advanced targets at Amarillo & Waratah ➢ High quality exploration targets at Break of Day North, Lena West & Numbers ➢ Conceptual intrusive ho
Slide 14: Cue Gold Project - Break of Day
CUE GOLD PROJECT - BREAK OF DAY ➢ Mineralised lodes hosted by the favourable Starlight For personal use only Basalt – cross-cutting geometry oblique to stratigraphy. Discrete targets easily missed by stratigraphic drilling ➢ High grade, good continuity and open at depth ➢ Potential for blind lodes,
Slide 15: Overview: Penny Gold Project
OVERVIEW For personal use only PENNY GOLD PROJECT RIU EXPLORERS CONFERENCE • FEBRUARY 2024 15
Slide 16: Penny Gold Project - Opportunity
PENNY GOLD PROJECT - OPPORTUNITY ➢ Mineralised lodes transgress stratigraphy but For personal use only are predominantly hosted within a felsic- intermediate schist (granodiorite) ➢ Modelling of the favourable granodiorite host indicates lithological continuity to the northwest and at depth ➢ Lode g
Slide 17: Penny Gold Project - Opportunity
PENNY GOLD PROJECT - OPPORTUNITY For personal use only ➢ Potential lode repetition at depth to the northwest is supported by the presence of weak quartz-sulphide vein and breccia development with sub-economic grade ➢ Down-hole EM survey in 2022 indicated an off- hole conductor in this vicinity ➢ Dri
Slide 18: Overview: Rebecca/Roe Gold Project
OVERVIEW For personal use only REBECCA/ROE GOLD PROJECT RIU EXPLORERS CONFERENCE • FEBRUARY 2024 18
Slide 19: Rebecca/Roe - Development Project, A New Hub in the Making
REBECCA/ ROE - DEVELOPMENT PROJECT, A NEW HUB IN THE MAKING For personal use only Combined Mineral Resource* – 65Mt @ 1.5g/t Au (3.1Moz) ➢ Rebecca* - 33Mt @ 1.3g/t Au (1.4Moz) ➢ Roe* - 32Mt @ 1.6g/t Au (1.7Moz) Updated Pre-Feasibility Study – mid CY2024 50km apart – regional synergy, 27% (300,000oz)
Slide 20: Roe Gold Project - Bombora
ROE GOLD PROJECT - BOMBORA For personal use only ➢ Lode geometry controlled by the interaction of cross-cutting structure with a favourable quartz-dolerite ➢ Resource definition diamond drill program underway targeting underground resource in the Tura Lode and North Flat Lodes ➢ Results to date incl
Slide 21: Roe Gold Project - Opportunity
ROE GOLD PROJECT - OPPORTUNITY For personal use only ➢ Other resource opportunities at Crescent-Kopai and Claypan ➢ Review prospective dolerite stratigraphy to north and south for exploration potential ➢ Recent soil sampling has identified prospective geochemical targets along extensions of the Bomb
Slide 22: Summary
SUMMARY For personal use only ➢ Well-funded exploration/resource definition budget of $30M ➢ Exploration focus on Mt Magnet, Cue and Penny, ongoing discovery success ➢ Advancing the Roe/Rebecca development project towards a PFS in mid-CY2024 ➢ Highly prospective regional tenement packages along key
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 Luke Forrestal Managing Director Direct
Slide 24: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance For personal use only Market Cap1 A$1.7B @ A$1.50 per share FY23 Production2 240,996oz @ AISC of A$1,895/oz Cash & Gold3 A$281.8M FY24 Guidance2 265,000 – 280,000oz @ AISC of A$1,750 - 1,850/oz Debt3 Nil (Undrawn A$100M facility) Mineral Resources4
Slide 25: Appendix - 2023 Mineral Resource Statement
APPENDIX 1 - 2023 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral Resources see ASX Releases (RMS) “Resources and Reserves Statement 2023”, 14 September 2023. For personal use only For updated information related to the Penny deposit, see RMS ASX Release “Penny Gold Mine Upda
Slide 26: Appendix - 2023 Ore Reserve Statement
APPENDIX 2 - 2023 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2023”, 14 September 2023. The Company confirms that it is not aware of any new information or data that materially affects the info