Ramelius Resources Limited · ASX:RMS
Ramelius Resources — BMO Global Metals & Mining Conference 2021
27 slides from Ramelius Resources's conference presentation, Mar 4, 2021
Slide 1: BMO Global Metals & Mining Conference March 2021
Ramelius Resources Limited For personal use only Mark Zeptner Tim Manners Managing Director Chief Financial Officer ASX:RMS BMO Global Metals & Mining Conference March 2021 BMO GLOBAL METALS & MINING CONFERENCE • MARCH 2021 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 Production Guidance For personal use only Shares on Issue 814M FY 2021 Guidance5 260,000 - 280,000oz @ AISC A$1,230 - A$1,330/oz Market Cap6 A$1.14B @ $1.40 per share FY 2020 Production4 230,426oz @ AISC A$1,164/oz Cash & Gold2 A$221.5M Mineral Resources1 4.7Moz
Slide 4: Safety & ESG - Ongoing Focus
SAFETY & ESG - ONGOING FOCUS For personal use only . OUR PEOPLE OUR COMMUNITIES OUR ENVIRONMENT (Health, safety and wellbeing) (Community relations and (Water, emissions & heritage) energy, waste) ONE LOST TIME INJURY DURING NO SIGNIFICANT NO SIGNIFICANT THE DECEMBER 2020 QUARTER RELATED INCIDENTS D
Slide 5: H1 FY2021 – Production & Sales
H1 FY2021 – PRODUCTION & SALES • Group: 144,240 oz up 57% (H1 FY2020: 92,084 oz) For personal use only Gold Production • Mt Magnet: 84,119 oz up 26% (H1 FY2020: 66,987 oz) • Edna May: 60,121 oz up 140% (H1 FY2020: 25,097 oz) • Group: A$1,261/oz up 2% (H1 FY2020: A$1,240/oz) AISC • Mt Magnet: A$1,143
Slide 6: H1 FY2021 Financial Highlights
H1 FY2021 FINANCIAL HIGHLIGHTS^ For personal use only HY Ended HY Ended % Financials Units 31 Dec 2020 31 Dec 2019 Change Revenue A$’000 342,226 158,451 116% EBITDA A$’000 192,840 65,910 193% EBITDA Margin A$’000 56.3% 41.6% 35% Net profit after Tax A$’000 81,320 20,494 297% Cash Flow from Operation
Slide 7: Consistent Production Growth with Expanding Margins
CONSISTENT PRODUCTION GROWTH# WITH EXPANDING MARGINS For personal use only ➢ 21.5% year-on-year gold production growth FY15-FY20 AISC Margin increased from 20% ➢ Further 17% growth to 270koz mid- in FY15 to 42% in FY20 point in FY21 ➢ Consistent AISC profile over past 6 years ➔ varying <4% ➢ Expandi
Slide 8: Production Guidance & Forward Outlook
PRODUCTION GUIDANCE & FORWARD OUTLOOK1 For personal use only ➢ Strong track record (28 / 30 Qtr’s achieved) ▪ Dec 2020 Quarter: Exceeded Guidance 72,896 ounces ▪ Mt Magnet (incl. Vivien) – 43,055 ounces ▪ Edna May (incl. Marda) – 29,841 ounces ➢ FY2021 Full Year Guidance remains* ▪ 260,000 - 280,000
Slide 9: 1.45 Million Ounce Mine Plan
1.45 MILLION OUNCE MINE PLAN* ➢ H1 FY21 Production ahead For personal use only ▪ 144,420 ounces (Guidance 132 – 142,000oz) ▪ AISC A$1,261/oz (Guidance 1,225 - A$1,325/oz) ▪ Earlier production from Tampia possible ➢ Early opportunities for FY22 ▪ Extension of Vivien Underground ▪ Earlier production f
Slide 10: Project Portfolio
For personal use only PROJECT PORTFOLIO BMO GLOBAL METALS & MINING CONFERENCE • MARCH 2021 10
Slide 11: Project Locations - Multiple Assets into Two Production Centres
PROJECT LOCATIONS - MULTIPLE ASSETS INTO TWO 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 involve
Slide 12: Mt Magnet - Keeps on Delivering
MT MAGNET - KEEPS ON DELIVERING ➢ Cosmos Mine Area For personal use only ▪ Shannon & Hill 60 undergrounds performing well ▪ Eridanus stage 2 cut-back reflecting larger open pit out to FY2023, bulk underground below pit in Scoping Study phase ➢ Galaxy & Morning Star ▪ Mining studies to convert Resour
Slide 13: Edna May - Operating at Full Capacity
EDNA MAY - OPERATING AT FULL CAPACITY ➢ Edna May Operations For personal use only ▪ Underground operation up to full production rate ▪ Greenfinch open pit into production ➢ Marda Gold Project ▪ Marda Central production established, significant ore stockpiles ▪ Marda North Resource to Reserve convers
Slide 14: Project Updates
For personal use only PROJECT UPDATES BMO GLOBAL METALS & MINING CONFERENCE • MARCH 2021 14
Slide 15: Penny Project - One of Australia's Highest Grade Gold Mines
PENNY PROJECT - ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES ➢ Offer announced Feb 2020, completed Jun 2020 For personal use only . ➢ Mineral Resources - 620kt @ 15.0g/t for 300koz1 ➢ Ore Reserve - 500kt @ 14.0g/t for 230koz1 ➢ Feasibility Study completed October 2020* ▪ AISC of A$633/oz ▪ Upfront ca
Slide 16: Eridanus – Also Features Excellent Potential Along Strike
ERIDANUS – ALSO FEATURES EXCELLENT POTENTIAL ALONG STRIKE For personal use only . ➢ Significant Mineral Resource estimate of 13Mt @ 1.2 g/t Au for 500,000oz1 ➢ Stage 2 open pit commenced in June 2020 Qtr, following excellent performance from Stage 1 open pit ➢ Relatively shallow drilling undertaken
Slide 17: Eridanus Deeps Project
ERIDANUS DEEPS PROJECT1 ➢ Ongoing infill Eridanus Deeps diamond For personal use only . drilling is confirming broad thicknesses of gold mineralisation below Stage 2 open pit: ▪ 60m at 3.46 g/t Au from 330m in RDD0001 ▪ 22m at 3.79 g/t Au from 378m in RDD0002 ▪ 30m at 1.66 g/t Au from 409m in RDD000
Slide 18: Edna May – Up to 500k Ounce Potential with Stage 3 Open Pit
EDNA MAY – UP TO 500K OUNCE POTENTIAL WITH STAGE 3 OPEN PIT For personal use only . ➢ Updated Mineral Resources1 ▪ 31Mt @ 1.1g/t for 1.0Moz1 (overall resource) ▪ 490kt @ 4.5g/t for 72koz (included high grade lodes) ➢ Scoping Study results include2: ▪ 16.5Mt @ 0.82g/t for 434koz mined ▪ 94% met recov
Slide 19: Tampia – Production Ready for FY2022
TAMPIA – PRODUCTION READY FOR FY2022 For personal use only . ➢ Edna May Plant Upgrade ▪ Vibrating screens and leach thickener installed ➢ Approvals ▪ Land Access – 10% minority interest & land purchased# ▪ Mining Proposal & Project Management Plan – approved ➢ Roads ▪ Road Usage Agreements and inter
Slide 20: The Investment Case
For personal use only THE INVESTMENT CASE BMO GLOBAL METALS & MINING CONFERENCE • MARCH 2021 20
Slide 21: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES For personal use only . ➢ Mt Magnet Estimated Completion ▪ Eridanus Underground: completion of deeper drilling and associated Scoping Study 30 June 2021 ▪ Processing Facility Upgrade: carry out cost/benefit analysis on upgrade from 2.0 to 2.5-2.7Mtpa 31 Dec
Slide 22: Inorganic Growth – A History of Adding Value
INORGANIC GROWTH – A HISTORY OF ADDING VALUE* ➢ Track record of generating positive For personal use only (net) cash flow from new projects ➢ Marda now in production (300kt ore stockpile, ~A$25M in free cf.) ➢ Tampia commenced capital expenditure program ➢ Penny capital program brought forward from
Slide 23: Amongst Highest Margins Compared to Peer Group
AMONGST HIGHEST MARGINS COMPARED TO PEER GROUP^ For personal use only ^ Source: Refer to Company specific Financial Results released on ASX Platform in January/February 2021 BMO GLOBAL METALS & MINING CONFERENCE • MARCH 2021 23
Slide 24: Focus for FY2021
FOCUS FOR FY2021 • Continue focus on meeting guidance, managing costs & improving safety For personal use only Operational Excellence • Timely commencement of Tampia & Penny projects • A$20M exploration budget - Mt Magnet and Edna May High Impact Exploration • Additional A$5M for Penny Project, taki
Slide 25: 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 26: 2020 Mineral Resource Statement
2020 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral For personal use only Resources see ASX Releases (RMS) “Resources and Reserves Statement 2020”, 28 September 2020 and “Penny & Edna May Study Updates”, 09 November 2020. The Company confirms that it is not aware of any new
Slide 27: 2020 Ore Reserve Statement
2020 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2020”, 28 September 2020. The Company confirms that it is not aware of any new information or data that materially affects the information inclu
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