Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Macquarie WA Forum 2022
21 slides from Ramelius Resources's conference presentation, Nov 29, 2022
Slide 1: Ramelius Resources Limited – Macquarie WA Forum November 2022
Ramelius Resources Limited For personal use only Tim Manners Chief Financial Officer ASX:RMS Macquarie WA Forum November 2022 MACQUARIE WA FORUM • NOVEMBER 2022 1
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: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance For personal use only Market Cap1 A$755M @ A$0.865 per share FY22 Production3 258,625oz @ AISC A$1,523/oz Cash & Gold2 A$177.2M FY23 Guidance4 240,000 – 280,000oz @ AISC of A$1,750 – 1,950/oz Debt2 Nil (Undrawn A$100M facility) Mineral Resources5 6
Slide 4: Mission, Values, Strategy and the Essentials
MISSION, VALUES, STRATEGY AND THE ESSENTIALS For personal use only MACQUARIE WA FORUM • NOVEMBER 2022 4
Slide 5: FY22 Highlights – Building Our Sustainability Profile
FY22 HIGHLIGHTS – BUILDING OUR SUSTAINABILITY PROFILE For personal use only MACQUARIE WA FORUM • NOVEMBER 2022 5
Slide 6: Project Overview – Two Production Centres in Western Australia
PROJECT OVERVIEW - TWO PRODUCTION CENTRES IN WESTERN AUSTRALIA ➢ 1) Mt Magnet: For personal use only ▪ Mt Magnet has produced over 6Moz since mining first began in 1891 ▪ 2.0Mt pa mill with both open pit and underground sources within 5km ▪ High grade Vivien underground ore being hauled since 2016 ▪
Slide 7: Maintaining Margins Through COVID-19
MAINTAINING MARGINS THROUGH COVID-19 For personal use only ➢ Production increased year-on-year by +20% from FY15 to FY21 ➢ FY22 Actual: ▪ 258,625oz at AISC of A$1,523/oz^ ➢ AISC profile seeing cost pressures stemming from inflation & COVID related impacts ➢ Sales/AISC margin still healthy at 37% for
Slide 8: 3-Year Outlook
3-YEAR OUTLOOK* ➢ Includes Ore from: For personal use only ▪ Mt Magnet – Eridanus, Hill 60, Shannon, Galaxy, Vivien & Penny ▪ Edna May – Edna May underground, Tampia, Marda & Symes Find ➢ Production maintained between 250,000 – 300,000 oz p.a. ➢ AISC declining towards A$1,500/oz ➢ Expansion of AISC
Slide 9: Key Project Updates
For personal use only KEY PROJECT UPDATES MACQUARIE WA FORUM • NOVEMBER 2022 9
Slide 10: Penny – Developing the Second Ore Drive
PENNY - DEVELOPING THE SECOND ORE DRIVE IN ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES ➢ Mineral Resources - 530kt @ 17.2g/t for 290koz1 For personal use only . ➢ Ore Reserve - 490kt @ 15.0g/t for 230koz1 ➢ All upfront capital works complete, except for haul road upgrade – commenced ➢ Campaign haula
Slide 11: Mt Magnet: Galaxy (Saturn & Mars) – Extensions Likely
MT MAGNET: GALAXY (SATURN & MARS) - EXTENSIONS LIKELY ➢ Decline rehab progressing well currently ~550m down For personal use only . ➢ 5-year mine plan identified initially with extensions likely ➢ High grade BIF and lower grade bulk breccia mineralisation intersected below Saturn mine plan# ▪ 72.9m
Slide 12: Sources of Future Growth
For personal use only SOURCES OF FUTURE GROWTH MACQUARIE WA FORUM • NOVEMBER 2022 12
Slide 13: Organic Growth – Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES#* For personal use only Centre Study Description . Next Key Date Hill 50 underground: Desktop Study complete, Scoping Study complete, PFS to commence in New Year (completion date to be advised) Eridanus underground: Pre-Feasibility Study, awaiting further d
Slide 14: Mt Magnet: Bartus – Underground Potential Within 5km of the Mill
MT MAGNET: BARTUS - UNDERGROUND POTENTIAL WITHIN 5KM OF THE MILL ➢ Further results from recent RC and diamond drilling*: For personal use only ▪ 45.6m at 10.4g/t Au from 328m, inc. 10.4m at 31.9g/t Au from 351m ▪ 41.0m at 7.50g/t Au from 223m, inc. 4.4m at 52.9g/t Au from 234.8m ▪ 5.4m at 8.49/t Au
Slide 15: Rebecca Project – Resource Upgraded, Exploration Upside to Come
REBECCA PROJECT - RESOURCE UPGRADED, EXPLORATION UPSIDE TO COME ➢ A proven, regional-scale gold belt & Tier 1 location For personal use only ▪ 150km NE from Kalgoorlie, Australia’s premier gold province ▪ Southern end of the +30Moz Laverton Tectonic Zone ➢ Latest Mineral Resource~ ▪ 23,000m (75,000m
Slide 16: Inorganic Growth – Third Production Centre Strategy
INORGANIC GROWTH - THIRD PRODUCTION CENTRE STRATEGY For personal use only Opportunity ➢ Ramelius has two production centres at Mt Magnet & Edna May, currently producing 240-280koz per annum ➢ Strategy has been to acquire a 3rd production centre to add scale, diversity, optionality & growth prospects
Slide 17: Inorganic Growth – Return on Investment a Key Driver
INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER For personal use only ➢ Track record of generating positive (net) cash flow* from new projects ➢ Inventory build up shown in chart as notional cashflow: ▪ Marda: 456kt @ 1.4g/t for 21koz ▪ Tampia: 714kt @ 1.6g/t for 35koz ➢ Penny underground ore h
Slide 18: Ramelius – Well Positioned for FY23 and Beyond
RAMELIUS - WELL POSITIONED FOR FY23 AND BEYOND For personal use only Proven management team adept in either greenfields development or Operational Excellence refurbishment & operation of both open pit and underground mines Strong balance sheet, disciplined approach to capital management with a Balan
Slide 19: 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 Tim Manners Luke Forrestal Managing Dir
Slide 20: Appendix – 2022 Mineral Resource Statement
APPENDIX 1 - 2022 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral For personal use only Resources see ASX Releases (RMS) “Resources and Reserves Statement 2022”, 13 September 2022. The Company confirms that it is not aware of any new information or data that materially affect
Slide 21: Appendix – 2022 Ore Reserve Statement
APPENDIX 2 - 2022 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2022”, 13 September 2022. The Company confirms that it is not aware of any new information or data that materially affects the info