Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Investor Presentation (November 2012)
25 slides from Ramelius Resources's investor presentation, Nov 21, 2012
Slide 1: Ramelius Resources Limited Updated Company Presentation
Ramelius Resources Limited ASX:RMS Updated Company Presentation 1
Slide 2: Forward Looking and Competent Persons Statements
Forward Looking and Competent Persons Statements Forward looking statements This presentation contains certain forward looking statements with respect to Ramelius’ financial condition, results of operations, production targets and other matters that are subject to various risks and uncertainties. Ac
Slide 3: Ramelius corporate information
Ramelius corporate information Corporate details: Significant shareholders: ASX Code: RMS Sprott: 9% Ordinary shares on issue: 336M Van Eck: 7% Market capitalisation: ~A$150m Paradice: 6% 12 month share price range: $0.385-1.385 Cash and gold on hand: A$55m (Oct 12) Share price (5 year): Directors:
Slide 4: FY 2013 is a year of transition
FY 2013 is a year of transition: Mt Magnet - ramping up Production increasing in line with guidance (Dec Qtr 15,000oz) Cash Costs declining as quarterly production increases Higher grade BIF zones now being accessed Mill expansion and mining at Western Queen planned in CY2013 Wattle Dam – winding do
Slide 5: Project Locations
Project Locations: Ramelius Resources Limited • Updated Investor Presentation • November 2012 5
Slide 6: Value proposition
Value proposition: Ramelius is seriously undervalued given it is a multi mine producer and has Reserves of 570,000 ounces of gold: Average total operating cost for Reserves of A$1,100 oz (inclusive of stripping costs) Cash flows from Reserves of ~A$250M plus A$55m cash and gold Significant explorati
Slide 7: Production Plan
Production Plan: Clear plan for production to 2015-16 from Reserves and Indicated Resources Total operating cost of $A1,100 across reserves (including stripping costs) Looking to increase Mt Magnet production from underground targets: Mercury Lodes (Mars) Saturn and Water Tank Hill 160,000 140,000 1
Slide 8: Mt Magnet Gold Mine (WA)
Mt Magnet Gold Mine (WA): Significant past producer (+ 5m oz Au produced) Current JORC Resources of 3m oz Au Open pit Reserves of 536,000 oz Au Pre-strip completed in Feb 2012 First gold poured in March 2012 Currently has a 6 year mine life 1.7mtpa refurbished gold plant Gold plant expandable to 2.4
Slide 9: Mt Magnet Gold Mine (WA)
Mt Magnet Gold Mine (WA): Titan Pit Saturn Pit Mars Pit Ramelius Resources Limited • Updated Investor Presentation • November 2012 9
Slide 10: Mt Magnet – production ramp up
Mt Magnet – production ramp up: September 2011 – open pit mining commenced June 2012 quarter - first full quarter of production September 2012 quarter - production of 12,173 oz December 2012 quarter - production guidance of 15,000 oz FY 2013 - production guidance of 70,000 oz Plan to increase produc
Slide 11: Mt Magnet – improving grade at depth
Mt Magnet – improving grade at depth Most ounces and highest grade sits at the base of old pits All cutback operations will take time to reach the best ore zones Original Pit New Pit Current Design Level of new Pit 49m @ 4.20 g/t Au 64m @ 1.34 g/t Au 54m @ 2.58 g/t Au Saturn Section 79825mN Ramelius
Slide 12: Mt Magnet – processing plant
Mt Magnet – processing plant: Refurbished 1.7mtpa gold plant – replacement value A$80-100m Currently being ramped up to full capacity Milled 366,000t in Sept quarter (capacity 435,000 t/qtr) Planning to increase throughput to 2mtpa underway Ramelius Resources Limited • Updated Investor Presentation
Slide 13: Mt Magnet – Western Queen South
Mt Magnet – Western Queen South: Probable Reserve (182,000t @ 3.9 g/t for 23,000 oz) Mining to commence in January 2013 subject to mining approval Ore to be trucked to Mt Magnet and milled in FY2014 Cut Back Pit to 100m depth Ramelius Resources Limited • Updated Investor Presentation • November 2012
Slide 14: Mt Magnet – Water Tank Hill Underground Potential
Mt Magnet – Water Tank Hill Underground Potential Ramelius Resources Limited • Updated Investor Presentation • November 2012 14
Slide 15: Vivien Project (WA) – High grade gold opportunity
Vivien Project (WA) – High grade gold opportunity: High grade gold development opportunity located near Agnew (WA) Existing Indicated Resource of (579,000t @ 8.3 g/t for 154,000 oz) Drilling and mining studies in 2012-13 Potential to develop in calendar 2013 Fits with Ramelius’ existing skill set Lo
Slide 16: Vivien Project (WA) - high grade gold opportunity
Vivien Project (WA) - high grade gold opportunity: Vein style mineralisation with multiple high grade zones Historic production of 110,000 oz Au (~1,000 oz per vertical metre) Open down plunge of high grades (drilling early 2013) Significant true width intersections: Existing Potential 10m @ 31.8 g/
Slide 17: Coogee Project (WA) – High grade open pit
Coogee Project (WA) – High grade open pit: High grade open pit (Reserve of 109,000t @ 5.1 g/t for 18,000 oz) Exploration upside within tenement package Close to Ramelius’ Burbanks milling infrastructure Mining to commence in CY 2013 (subject to statutory approvals) Significant Intersections* include
Slide 18: Exploration – North Queensland (earning 60%)
Exploration – North Queensland (earning 60%): Mt Windsor JV – expanded land package, including Marlow + Qtz Ridge Drill testing epithermal + magnetic targets underway – results awaited Ramelius Resources Limited • Updated Investor Presentation • November 2012 18
Slide 19: Exploration – North Queensland (earning 60%)
Exploration – North Queensland (earning 60%): Joint Venture with Liontown Resources Ltd (ASX: LTR) Exploring for intrusive breccia hosted gold deposits – results awaited Ramelius Resources Limited • Updated Investor Presentation • November 2012 19
Slide 20: Exploration - Nevada (earning 70%)
Exploration - Nevada (earning 70%*): JV with Miranda Gold Corp in world class gold province Angel Wing targeting bonanza gold grade epithermal veins: DaVinci Fault – 2 km strike potential Discovered high level epithermal system Buried Au-Ag anomalous siliceous/breccias 19.8m @ 1.01g/t Au from 222.5m
Slide 21: Exploration - Nevada (earning 70%)
Exploration - Nevada (earning 70%*): Mineralisation spatially associated with Grass Hollow intrusion, within decalcified + siliceous limestone along base of unconformity with overlying Tertiary conglomerates Mineralisation open in all directions *Marmota Energy (ASX: MEU) may earn 40% of RMS interes
Slide 22: Exploration - Nevada (earning 70%)
Exploration - Nevada (earning 70%*): Step out 2013 drilling campaign designed to identify high grade feeder structures below Tertiary rhyolite tuff cover sequences Chargeable IP RTP Ground Magnetics *Marmota Energy (ASX: MEU) may earn 40% of RMS interest Ramelius Resources Limited • Updated Investor
Slide 23: Why Invest in Ramelius
Why Invest in Ramelius: Operations Mt Magnet – low risk and potential for expansion Wattle Dam – high grade, low cost Vivien / Coogee high grade development opportunities Upside Potential Mt Magnet is a large gold system with potential to expand production Vivien project is high grade and open down
Slide 24: Mineral Resources as at 30 June 2012
Refer to Resources and Reserves ASX Release dated 28 September 2012 MINERAL RESOURCES AS AT 30 JUNE 2012 – INCLUSIVE OF RESERVES Measured Indicated Inferred Total Resource Deposit 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 1
Slide 25: Ore Reserve Statement as at 30 June 2012
Refer to Resources and Reserves ASX Release dated 28 September 2012 ORE RESERVE STATEMENT AS AT 30 JUNE 2012 Pit Proven Probable Total Reserve Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz Mt Magnet - Galaxy Pits Saturn 743 1.8 42,000 1,100 1.4 50,000 1,843 1.6
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