Ramelius Resources Limited · ASX:RMS

Ramelius Resources — Investor Presentation (February 2010)

20 slides from Ramelius Resources's investor presentation, Feb 17, 2010

1. Slide 1: Presentation February 2010

   RAMELIUS For personal use only RESOURCES LIMITED ASX: RMS Presentation | February 2010 Ian Gordon CEO

2. Slide 2: Forward Looking Statements

   For personal use only FORWARD LOOKING STATEMENTS This presentation contains certain forward looking statements with respect to Ramelius’ financial position, results of operations and other matters that are subject to various risks and uncertainties. Actual results, performance or achievements could

3. Slide 3: Corporate Structure

   Corporate Structure For personal use only DIRECTORS: Bob Kennedy Chairman Reg Nelson Non-Executive Director Kevin Lines Non-Executive Director Joe Houldsworth Non Executive Director Ian Gordon Executive Director CEO 3

4. Slide 4: Strategy

   For personal use only Strategy ƒ Build a profitable gold company ƒ Maximise cash flow from Wattle Dam ƒ Significant drilling to extend Wattle Dam mine life ƒ Explore in well endowed gold belts in politically stable countries ƒ Look for quality acquisitions to grow the Company’s production base ƒ Foc

5. Slide 5: Results Summary

   For personal use only Results Summary ƒ Net Profit after tax of A$4.97m in 2008/09 ƒ Production of 16,283 ounces of gold in 2008/09 ƒ Completion of a successful open cut in April 2009 ƒ Commenced underground production December 2009 ƒ Record production in December of > 20,000 ounces ƒ Excellent grad

6. Slide 6: Year Summary

   3 Year Summary For personal use only 9 Consistent Production 9 Three Years of Net Profit 9 Record production in Dec 09 half Financial Year 2006-7 2007-8 2008-9 Ore Processed (tonnes) 66,221 96,910 151,697 Grade (g/t gold) 8.36 5.25 3.59 Recovery (%) 95 96 96 Production (Ounces) 16,963 16,154 16,283

7. Slide 7: Wattle Dam Underground Mine

   Wattle Dam Underground Mine ƒ For personal use only HWE Mining appointed as underground contractor April 09 ƒ Portal and decline commenced in May 2009 ƒ First ore block development completed end of November 2009 ƒ First development ore processing completed December 2009 ƒ Stoping commenced January 2

8. Slide 8: Stoping Blocks January to March 2010

   Stoping Blocks January to March 2010 ~10,000t per month For personal use only Open Pit 241 RL STOPING FEB-MAR 225 RL STOPING JAN-FEB 205 RL WATTLE DAM UNDERGROUND DEVELOPMENT LOOKING WEST 8

9. Slide 9: Wider Ore Zone

   Ore Zone Wider Ore Zone For personal use only ƒ Underground drilling demonstrates ore zone up to 10m wide ƒ Currently mining the eastern half of this zone ƒ New results in western 241 RL half of the zone increases tonnes and grade ƒ Best ever RC assay of 6770 g/t Au plus sludge assay of 3220 g/t Au

10. Slide 10: Wattle Dam milled grades

    Wattle Dam milled grades For personal use only ƒ 15,632 tonnes of high grade development ore milled for over 20,000 ounces of gold in December quarter 2009 ƒ Expected grade was 12.5 g/t from model and sampling ƒ Actual recovered grade was 41 g/t (3.2 x overcall) ƒ Currently treating Wattle Dam stopi

11. Slide 11: Significant visible gold in underground ore drives

    Significant visible gold in For personal use only underground ore drives 11

12. Slide 12: Visible Gold

    Visible Gold For personal use only Sediment Face on 225 RL Ore Drive (Cut 6) 12

13. Slide 13: For personal use only

    For personal use only ƒ Ore body has a strike length of 50m with a core of high grade 20-30m in strike by 10m wide ƒ Extensive gold veins in core of high grade zone ƒ Grade difficult to estimate and milling is the only accurate determination 13

14. Slide 14: Wattle Dam Deep Drilling

    Wattle Dam Deep Drilling For personal use only ƒ Deep diamond drilling completed in 2009 ƒ This drilling has defined gold mineralisation and the “mine geology” to a depth of 350m below surface ƒ Target has a small strike extent and requires high density drill pattern due to high nugget gold ƒ Signif

15. Slide 15: Showing Selected High Grade Drill Intersections

    For personal use only 15 Showing Selected High Grade Drill Intersections

16. Slide 16: Exploration

    Exploration For personal use only ƒ Drilling targeting contacts along strike from Wattle Dam ƒ Gravity survey to further define controlling structures ƒ Trial SAM Geophysical survey completed north of Wattle Dam pit to identify prospective sediment horizon Wattle Dam ƒ Drilling underway north and so

17. Slide 17: Burbanks Milling

    For personal use only Burbanks Milling ƒ Treatment of 158,000t of ore at Burbanks during 2008-09 ƒ Average recoveries of 96% from all ore processed during year ƒ Costs reduced by treatment of third party ore ƒ Upgrade of gravity circuit currently being installed ƒ Currently treating Wattle Dam stopi

18. Slide 18: Where are we now?

    For personal use only Where are we now ? ƒ Strong board with growth strategy focussed on gold ƒ No debt and cash of approx. $46m (as at Dioro settlement) ƒ Holding in Avoca of ~4% (11m shares) ƒ Milling of high grade stoping ore underway ƒ Ramelius expects Wattle Dam to deliver high grade production

19. Slide 19: Looking Forward

    For personal use only Looking Forward ƒ Expecting strong cash flows from Wattle Dam for all of 2010 and now into 2011 ƒ Substantial drilling at Wattle Dam and on new projects ƒ Costs will be kept low, with year to date expenditure in line with our low cost strategy and budget ƒ Well positioned for g

20. Slide 20: Competent Person statements

    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

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