Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Denver Gold Forum Virtual September 2020
24 slides from Ramelius Resources's conference presentation, Sep 21, 2020
Slide 1: Ramelius Resources Limited – Denver Gold Forum Virtual
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS Denver Gold Forum Virtual September 2020 1 DENVER GOLD FORUM VIRTUAL • SEPTEMBER 2020
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 Corporate Summary
RAMELIUS CORPORATE SUMMARY Corporate Structure Production Guidance For personal use only Shares on Issue 808M Mineral Resources1 4.10Moz at 30 June 2019 Market Cap2 A$1.6B @ $2.08 per share Ore Reserves 0.84Moz at 30 June 2019 Cash & Gold3 A$185.5M FY 2020 Production5 230,426oz @ AISC A$1,164/oz Deb
Slide 4: Delivering Shareholder Returns – Records Broken Everywhere You Look
DELIVERING SHAREHOLDER RETURNS – RECORDS BROKEN EVERYWHERE YOU LOOK Share Price Performance FY20^ For personal use only 80 $2.50 Million Shares Record Production ✓ 1.45Moz Mine Plan 70 – 230koz produced (up 17% on FY19) Tampia FS & $2.00 Spectrum ✓ 60 Vivien (Mt Magnet) Acquisition Eridanus Record N
Slide 5: Consistent Production Growth with Impressive Margins
CONSISTENT PRODUCTION GROWTH# WITH IMPRESSIVE MARGINS For personal use only ▪ 21.5% year-on-year gold production growth FY15-FY20 AISC Margin increased from 20% ▪ Further 17% production growth to in FY15 to 42% in FY20 270koz mid-point in FY21 ▪ Consistent AISC profile over past 6 years ➔ varying le
Slide 6: Project Locations – Multiple Assets into Production Centres
PROJECT LOCATIONS – MULTIPLE ASSETS INTO 2 PRODUCTION CENTRES For personal use only ▪ Highly sought after jurisdiction ▪ Easy access to sites from Perth ▪ Close to major regional centres and road haulage routes ▪ Significant well established infrastructure in place ▪ Strong local community involveme
Slide 7: Mt Magnet Production Centre – Keeps on Delivering
MT MAGNET PRODUCTION CENTRE – KEEPS ON DELIVERING ▪ Mt Magnet keeps delivering with effective exploration strategy delivering Resource & Reserve replacement For personal use only ▪ Cosmos Mine Area ▪ Shannon & Hill 60 undergrounds performing well ▪ Eridanus stage 2 cut-back reflecting larger open pi
Slide 8: Edna May Production Centre – The Parts Are Coming Together
EDNA MAY PRODUCTION CENTRE – THE PARTS ARE COMING TOGETHER ▪ Edna May production centre set to deliver higher margins For personal use only ▪ Edna May Operations ▪ Underground operation up to full production ▪ Greenfinch open pit into production ▪ Marda Gold Project ▪ Marda Central production well u
Slide 9: Production Guidance & Forward Outlook
PRODUCTION GUIDANCE & FORWARD OUTLOOK1 ➢ FY2020 all Quarters achieved Guidance For personal use only (26 out of last 28 achieved) ▪ June 2020 Qtr: 86,517 ounces @ AISC A$1,041/oz ▪ FY2020: 230,426oz @ AISC A$1,164/oz ➢ FY2021 Guidance ▪ Sep 2020 Qtr: 65 - 70,000oz @ A$1,250 - 1,350/oz ▪ FY2021: 260
Slide 10: Recently Extended Mine Plan by 34% to 1.45 Million Ounces
RECENTLY EXTENDED MINE PLAN* BY 34% TO 1.45 MILLION OUNCES For personal use only ✓ FY2020 production guidance upgraded to 225-230,000oz1 ✓ FY2021 production guidance of 260-280,000oz2 (17% growth) ✓ Track record of delivering on production & cost guidance Penny gold project to commence ✓ production
Slide 11: Mine Plan Details
MINE PLAN DETAILS ✓ Mine Plan outlines total production of 1.45Moz primarily across 6 years For personal use only ✓ Average AISC over 8yrs A$1,250 - A$1,350/oz (A$1,200/oz over first 5yrs) ✓ Capital for Eridanus Stage 2, Tampia, Penny, Morning Star & Saturn underground ✓ Exploration contributes to m
Slide 12: Penny Project Update
For personal use only PENNY PROJECT UPDATE DENVER GOLD FORUM VIRTUAL • SEPTEMBER 2020 12
Slide 13: Penny Gold Project – Moving Quickly to Production
PENNY GOLD PROJECT – MOVING QUICKLY TO PRODUCTION ✓ Acquisition completed (100% ownership) <5 mths For personal use only ✓ Pre-Feasibility Study completed in <3 months ✓ Mineral Resources - 620kt @ 15.0 g/t Au for 300,000oz1 ▪ Penny Nth: 420kt @ 20.0g/t for 270,000oz ▪ Penny Wst: 90kt @ 6.6g/t for 1
Slide 14: Penny Gold Project – Moving Quickly to Production
PENNY GOLD PROJECT – MOVING QUICKLY TO PRODUCTION ▪ Feasibility Study work in progress For personal use only . ▪ Metallurgical test work ▪ Hydrology & geotechnical investigations ▪ Airstrip, haul road and camp planning ▪ Feasibility Study expected 31 Oct 2020 ▪ Current project timeline (from PFS) DE
Slide 15: Eridanus Project Update
For personal use only ERIDANUS PROJECT UPDATE DENVER GOLD FORUM VIRTUAL • SEPTEMBER 2020 15
Slide 16: Eridanus – 3rd Largest Endowment Area at Mt Magnet
ERIDANUS – 3RD LARGEST ENDOWMENT AREA AT MT MAGNET For personal use only . ➢ Significant Mineral Resource estimate of 12Mt @ 1.3 g/t Au for 490,000oz1 ➢ Stage 2 open pit commenced in June 2020 Qtr, following excellent performance from Stage 1 open pit (see opposite) ➢ Diamond drilling returned wider
Slide 17: Eridanus Underground – Scoping Study
ERIDANUS UNDERGROUND – SCOPING STUDY For personal use only . ➢ Preliminary Scoping Study completed June 2020 – positive initial results ➢ Close spaced GC drilling & in-pit mapping has led to a number of sub-vertical quartz lode structures being defined ➢ Additional diamond drilling to +400m below su
Slide 18: The Investment Case
For personal use only THE INVESTMENT CASE DENVER GOLD FORUM VIRTUAL • SEPTEMBER 2020 18
Slide 19: Mining/Processing Studies & Resource Conversion
MINING/PROCESSING STUDIES & RESOURCE CONVERSION ➢ Mount Magnet For personal use only . Estimated Completion ▪ Eridanus Underground: completion of deeper drilling and associated Scoping Study 31 December 2020 ▪ Processing Facility Upgrade: carry out cost/benefit analysis on upgrade from 2.0 to 2.4Mtp
Slide 20: Demonstrable History of Adding Value
DEMONSTRABLE HISTORY OF ADDING VALUE* ▪ Track record of generating positive For personal use only (net) cash flow from new projects In Development ▪ Marda now in production; development phase largely complete (300kt ore stockpile on site, contains approx. $13M in free cashflow) ▪ Targeting Tampia mi
Slide 21: Peer Comparison – Impressive Margins That Go Under the Radar
PEER COMPARISON^ – IMPRESSIVE MARGINS THAT GO “UNDER THE RADAR” For personal use only ^ Source: Refer to Company specific FY20 Financial Results (or Half Year results in case of GOR) released on ASX Platform in August/September 2020 DENVER GOLD FORUM VIRTUAL • SEPTEMBER 2020 21
Slide 22: Ramelius Contact Details
RAMELIUS For personal use only Mount Magnet Processing Plant 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 Manner
Slide 23: 2019 Mineral Resource Statement
2019 MINERAL RESOURCE STATEMENT MINERAL RESOURCES AS AT 30 JUNE 2019 - INCLUSIVE OF RESERVES Project Deposit Measured Indicated Inferred Total Resource For detailed information relating to Mineral For personal use only t g/t oz t g/t oz t g/t oz t g/t oz Galaxy Group 92,000 1.8 5,400 4,100,000 1.6 2
Slide 24: 2019 Ore Reserve Statement
2019 ORE RESERVE STATEMENT ORE RESERVE STATEMENT AS AT 30 JUNE 2019 For detailed information relating to Ore Reserves For personal use only Project Mine Proven Probable Total Reserve see ASX Releases (RMS) “Resources and Reserves t g/t oz t g/t oz t g/t oz Statement 2019”, 10 September 2019, “Vivien
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