Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Non-Deal Roadshow (July 2016)
29 slides from Ramelius Resources's roadshow presentation, Jul 11, 2016
Slide 1: UK & Nth American Investor Roadshow – July 2016
For personal use only Ramelius Resources Limited UK & Nth American Investor Roadshow – July 2016
Slide 2: Qualification: Forward Looking Statements
Qualification For personal use only 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. Actual results,
Slide 3: Strong capital position primed for growth
Strong capital position primed for growth… For personal use only Capital Structure (as at 30 June 16) Board & Management Shares on Issue 475.2M Robert Kennedy Non Executive Chairman Market Cap (at $0.435 per share, $A:US$ 0.75) A$206M (US$154M) Mark Zeptner Cash & Gold A$50M (US$37M) Managing Direct
Slide 4: Key geographic focus - Western Australia
Key geographic focus - Western Australia For personal use only Mt Magnet Gold Mine & Plant Kathleen Valley Gold Mine Mill Capacity 1.7Mtpa Resource 163koz Resource 1.8Moz Reserve 55koz Reserve 268koz Grade 4.2g/t Grade 2.1g/t Life 0.5 year Life 4 years A$936/oz AISC A$1,300/oz (US$702/oz) AISC (US$9
Slide 5: Creation of a leading Australian gold producer
Creation of a leading Australian gold producer… For personal use only Key focus on mine-life • New 4 Year Life-of-Mine plan highlighted by extensions at Mt Magnet and Vivien extensions • New resources near existing operations → Milky Way & Blackmans at Mt Magnet • Greenfields exploration opportuniti
Slide 6: Production Targets - New Year Plan
Production Targets* - New 4 Year Plan New 4 Year Plan using primarily Ore Reserves & Indicated Resources (90%) with further extensions to come For personal use only *1,2FY2019 & FY2020 production targets for Mt Magnet & Vivien contain Inferred Resources (10%), refer to slide 27 for further details.
Slide 7: Capital Requirements - New Year Plan
Capital Requirements - New 4 Year Plan New 4 Year Plan capital requirements by project, with Milky Way currently scheduled to start H2 of FY2018 For personal use only Project FY2017 FY2018 FY2019 FY2020 Titan open pit A$4.5M Water Tank Hill underground A$11.5M Blackmans open pit A$1M Mt Magnet crush
Slide 8: Value Creation - Accelerated Project Development
Value Creation - Accelerated Project Development • Ability to bring forward Water Tank Hill underground development to early FY2017 For personal use only • Capability to fast-track Titan and Blackmans open pit developments into near term production Australian Gold Producers | Production Multiples $8
Slide 9: Value Creation - Mine Life Extensions
Value Creation - Mine Life Extensions • Milky Way mineral resource has enhanced visibility on operations beyond FY2018 For personal use only • Aggressive exploration program to drive organic growth • Ramelius to seek value accretive acquisition opportunities, both as bolt-on to Mt Magnet or stand-al
Slide 10: Operations
For personal use only Operations
Slide 11: Operations Update
Operations Update For personal use only Mt Magnet • Water Tank Hill underground forming a key part of the Company’s development pipeline • Maiden Mineral Resource of 5.99 Mt @ 1.3 g/t Au for 241,000oz for Milky Way released in May 2016 – potential for large tonnage open pit operation • 12,577 ounces
Slide 12: Operations Update - FY2016
Operations Update - FY2016 Group gold production → June 2016 Quarter of 32,752 ounces → FY2016 production of 110,839 ounces For personal use only Ramelius Resources Limited • UK & Nth American Investor Roadshow – July 2016 12
Slide 13: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine For personal use only Galaxy open pits - mining since 2011 Perseverance (Percy) pit • 120m deep, 150m final depth • Average grade 1.80g/t, currently +2.0g/t • Jan 2015 - current Titan pit • 165m final depth • Average grade 1.40g/t • Commenced June 2016 Ramelius
Slide 14: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine Milled Tonnes (t)use only Milled Tonnes & Head Grade Vivien UG Gold Production & Unit Costs 700,000 2.75 35,000 2,000 32,500 SAG mill 2.50 Ball mill 1,800 Mossbecker pit repairs 600,000 30,000 motor 2.25 1,600 Saturn & WQS pit 27,500 500,000 Percy pit 2.00 Gold Produ
Slide 15: Development - Water Tank Hill & St George
Development - Water Tank Hill & St George Water Tank Hill Ore Reserve near existing St George decline, scheduled for commencement late 2016 For personal use only Underground drilling planned for late 2017 Ore Reserve Physicals June 2015 Mine Life 2 years Mineral 105koz Resource Ore Reserve 53koz
Slide 16: Mine Life Extension - Milky Way
Mine Life Extension - Milky Way For personal use only • Large porphyry hosted stockwork vein style deposit • New Resource announced May 2016 (>0.7 g/t) Category Tonnes Grade Ounces Indicated 4,096,000 1.3 165,000 Inferred 1,898,000 1.2 76,000 Total 5,994,000 1.3 241,000 • Reserve based work underway
Slide 17: Mine Life Extension - Milky Way
Mine Life Extension - Milky Way For personal use only • Additional RC drilling carried out in May/June 2016, results* included; 20m @ 5.85 g/t 3m @ 21.68 g/t 17m @ 5.61 g/t 7m @ 4.79 g/t *see ASX Release “Further High Grade at Milky Way - Mt Magnet, WA”, 27/06/16. Ramelius Resources Limited
Slide 18: Mine Life Extension – Brown Cow, Stellar West et al
Mine Life Extension – Brown Cow, Stellar West et al For personal use only • First pass optimisations and pit design carried out • Further Feasibility work including geotechnical drilling underway • Further infill and extensional RC drilling in progress Ramelius Resources Limited • UK & Nth American
Slide 19: Operations - Vivien Gold Mine
Operations - Vivien Gold Mine For personal use only Ore Reserve Physicals June 2015 Mine Life 4 years Mineral Resource 184koz Mine Plan 109koz Grade 7.6 g/t Recovery 95.0% Recovered Ounces 104koz Vivien open pit showing underground portal (looking east) BFS Financials October 2014 A$16.3M Up Front C
Slide 20: Operations - Vivien Gold Mine
Operations - Vivien Gold Mine For personal use only 360 North Ore Drive Face #64 grade – 21.5g/t 320 North Ore Drive Face #10 grade – 12.4g/t Ramelius Resources Limited • UK & Nth American Investor Roadshow – July 2016 20
Slide 21: Mine Life Extension - Vivien Gold Mine
Mine Life Extension - Vivien Gold Mine For personal use only • Upper level (S/P #1) drilling completed Feb 16. Results* included; 3.5m @ 7.6 g/t 2.4m @ 8.9 g/t • Improved resource knowledge and evaluation underway • Deeper exploration drilling planned for FY2017 as decline progresses ~3,700m o
Slide 22: Operations - Kathleen Valley Gold Mine
Operations - Kathleen Valley Gold Mine For personal use only Ore Reserve Physicals June 2015 Mine Life 0.5 years Mineral Resource 163koz Ore Reserve 55koz Grade 4.2 g/t Recovery 95.0% Recovered Ounces 52koz BFS Financials February 2015 A$1.5M Up Front Capital (US$1.1M) A$925/oz C1 Cash Cost (US$694/
Slide 23: Exploration Projects
For personal use only Exploration Projects
Slide 24: Exploration - Project Locations
Exploration - Project Locations For personal use only Ramelius Resources Limited • UK & Nth American Investor Roadshow – July 2016 24
Slide 25: Exploration - Tanami JV (NT) – Ramelius 85%
Exploration - Tanami JV (NT) – Ramelius 85% • 1,700km2 of highly prospective geology For personal use only • Tychean (ASX: TYK) free carried through to DTM • Strategic land holding within 100km of; Newmont’s +20Moz Callie Gold Mine, and Granites Treatment Plant • Suplejack EL26625: >10ppb gold a
Slide 26: FY2017 Key Focus Areas
FY2017 Key Focus Areas For personal use only Profitable operations Bed down Vivien ore production Fast track new developments at Mt Magnet Maintain strong capital management Mine-life extensions Further extend mine-life through resource conversions Strong asset portfolio to provide platfor
Slide 27: Production Targets, Mineral Resources & Ore Reserves Note
Production Targets, Mineral Resources & Ore Reserves Note For personal use only For detailed information relating to Mineral Resources and Ore Reserves see ASX release (RMS) 10 Sept 2015, ‘Resources and Reserves Statement’. ¹ Vivien Production Target based on (by ounces) Ore Reserves (55%), Indicate
Slide 28: Mineral Resource Statement
Mineral Resource Statement MINERAL RESOURCES AS AT 30 JUNE 2015 - INCLUSIVE OF RESERVES For personal use only 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 823 1.5 40,000 6,318
Slide 29: Ore Reserve Statement
Ore Reserve Statement For personal use only ORE RESERVE STATEMENT AS AT 30 JUNE 2015 For detailed information relating to Proven Probable Total Reserve Ore Reserves see ASX release (RMS) 10 Tonnes Au Au Tonnes Au Au Tonnes Au Au Sept 2015, ‘Resources and Reserves ('000s) g/t Oz ('000s) g/t Oz ('000s