Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Diggers & Dealers 2011
22 slides from Ramelius Resources's conference presentation, Aug 3, 2011
Slide 1: Ramelius Resources Limited Diggers & Dealers 2011
For personal use only Ramelius Resources Limited Diggers & Dealers 2011 ASX:RMS
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: Ramelius Corporate Information
Ramelius Corporate Information For personal use only Corporate Details Directors & Shareholders ASX Code: RMS Ch i Chairman: R b t Kennedy Robert K d Ordinary Shares on Issue: 291M Managing Director: Ian Gordon Market Capitalisation: ~A$400M Non Executive Director: Reg Nelson 12 month share price ra
Slide 4: Company Overview
Company Overview For personal use only Wattle Dam (WA) High Hi h Grade G d Gold G ld P Production d ti [Gold - Production] Cash Costs less than A$350 oz Mine Life extended through to Dec 2013 Open p at depthp – new drillingg commenced Mt Magnet (WA) Project development underway [Gold – Dev
Slide 5: Project Locations
Project Locations For personal use only Ramelius Resources Limited: Diggers & Dealers Presentation 2011 Page 5
Slide 6: Achievements FY 2010-11
Achievements FY 2010-11 For personal use only Share Price increase of over 3x in FY 2010-11 ((39c to $$1.28)) Record production of 100,000 oz of gold from Wattle Dam Record operating cash flow of A$116m on gold revenue A$148m Cash operating cost of A$320 per oz for FY 2010 2010-2011 2011 I
Slide 7: Production Profile
Production Profile For personal use only Production increasing to 165,000 oz per annum by 2012-13 Potential P t ti l tto iincrease production d ti tto over 200 200,000 000 oz per annum: ¾ through drilling success at Mt Magnet ¾ increasing Mt Magnet plant to 2.4mtpa Production (Ounces Au) 180000
Slide 8: Projects – Wattle Dam (100% owned)
Projects – Wattle Dam (100% owned) For personal use only Highest grade gold mine in Australia Underground mine located 25km SW of Kambalda Structurally controlled gold deposit within ultramafic belt Extremely high nugget effect which creates significant grade estimation issues Production 1
Slide 9: Wattle Dam - Mining
Wattle Dam - Mining For personal use only Production of 100,000 ounces in Pit FY 2010-11 Blocks A & B Block A & B mined at ~20 g/t Au near completion with ~180,000 oz (1800 ounces vertical metre) production over 100m vertically Total ounces per vertical metre including the open pit is 1300 ovm
Slide 10: Wattle Dam - Production
Wattle Dam - Production For personal use only Wattle Dam has produced over 210,000 oz of gold since 2006 Open Pit produced 51,000 oz (2006-2009) UG Production of 60,000 oz in 2009/10 UG Production of 100,000 oz in 2010-11 Expecting production of 80,000 oz 2011-12 Ramelius Resources Limited
Slide 11: Wattle Dam - Diamond Drilling Results
Wattle Dam - Diamond Drilling Results For personal use only Drilling is designed to test the limits of the alteration zone and High Grade define mine design. Seeing visible Mineralisation A gold adds to confidence Block A and B had one +500 gram B metre hole and ten +100 gram metre holes (Grade
Slide 12: Projects – Mt Magnet (100% owned)
Projects – Mt Magnet (100% owned) For personal use only Significant past gold producer - in excess of 5m ounces Multiple deposits with majority of ggold mined in banded iron Existing infrastructure includes 1.7mtpa plant (replacement value A$100m) Mining to commence in August and first gold
Slide 13: Mt Magnet – Project Rationale
Mt Magnet – Project Rationale For personal use only Four good reasons to buy the Mt Magnet gold project: ¾ Near production gold project in a high gold price environment ¾ Will be only regional mill for 200km – a strategic asset ¾ Ore deposits are robust and mine geology well understood ¾ Mt Magnet
Slide 14: Mt Magnet – Progress August 2011
Mt Magnet – Progress August 2011 For personal use only 40,000m of drilling, resource estimate and new mining study completed New 160 man camp completed and now fully operational Site management and mining team recruited and mining approval secured Mining contractor secured and mining about t
Slide 15: Mt Magnet – Processing Plant
Mt Magnet – Processing Plant For personal use only Existing 1.7mtpa processing plant located next to main operating open pits Currently being refurbished by GR Engineering at a cost of A$14m Can be expanded to 2.4mtpa by expenditure of a further A$5m Refurbishment due to be completed p in De
Slide 16: Mt Magnet – Mars & Saturn Open Pits
Mt Magnet – Mars & Saturn Open Pits For personal use only First ~2.35 years production Hill 50 from Mars & Saturn open pits Mars ore is primarily banded Mars iron and Saturn ore is banded iron and breccia zone Mars pit has 1.33mt 1 33mt @ 2.01 2 01 g/t Au* Saturn S piti has h 2.65mt 26 @ 1.5
Slide 17: Mt Magnet – Project Upside
Mt Magnet – Project Upside For personal use only Numerous underground targets to be drilled over the next 12 months Ramelius Resources Limited: Diggers & Dealers Presentation 2011 Page 17
Slide 18: Exploration North QLD (earning 60%)
Exploration North QLD (earning 60%) For personal use only Mt Windsor JV – World Class Gold District: 2011 field season drill targets Ramelius Resources Limited: Diggers & Dealers Presentation 2011 Page 18
Slide 19: Exploration North QLD (earning 60%)
Exploration North QLD (earning 60%) For personal use only Joint venture with Liontown Resources Limited Exploring for Kidston style breccia hosted gold deposits Drilling planned for Mt Redan and Cardigan Dam Sep/Oct 2011 Mt Redan Target Cardigan Dam Target Ramelius Resources Limited: Diggers &
Slide 20: Exploration Nevada USA (earning 70%)
Exploration Nevada USA (earning 70%)* For personal use only Nevada is a world class gold district Two JV’s with Miranda Gold Corp Angel Wing targeting bonanza gold grade epithermal veins: DaVinci veins – 2km strike potential Bigg Blue targeting g g Carlin style y sediment hosted disseminated
Slide 21: Why Invest in Ramelius?
Why Invest in Ramelius ? For personal use only Operations ¾ Wattle Dam – high grade, low cost and open at depth ¾ Mt Magnet – low risk ready to go option on a high gold price Capital Position ¾ Strong cash / gold balance with no debt (A$99m) ¾ Able to fund Mt Magnet from existing cash ¾ Strong c
Slide 22: Mt Magnet Resource Statement
Mt Magnet Resource Statement For personal use only RAMELIUS RESOURCES LTD MOUNT MAGNET GOLD PROJECT Resource Statement S 30/06/11 Deposit Measured Indicated Inferred Total Resource 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 Galaxy