Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Shareholder Meeting (November 2008)
31 slides from Ramelius Resources's shareholder meeting presentation, Nov 27, 2008
Slide 1: Managing Director's Address - AGM 2008
Managing Directors Address - AGM 2008 Good Morning Ladies and Gentlemen, It has been another challenging but positive year for Ramelius, For personal use only notwithstanding the current share price. Over the past year Ramelius has consolidated itself as a gold producer and advanced its Wattle Dam p
Slide 2: Annual General Meeting Presentation 2008
For personal use only Ramelius Resources Limited Annual General Meeting Presentation 2008 Joe Houldsworth Managing Director
Slide 3: A Gold Focused Company
For personal use only A GOLD FOCUSED COMPANY WHY GOLD? • Low Capital • Low Risk • Quick Return • Easily Traded Commodity • Good Outlook
Slide 4: Summary
For personal use only SUMMARY • High Grade Gold focused Company • Wattle Dam will be the highest grade gold mine in Australia • Mining re-commenced in June 2008 • Pit cut back 80% completed – expect to access high grade in Nov. • Mine Plan to produce ~70,000 oz up to end 2009 • Over 60m of down plun
Slide 5: Corporate Structure
For personal use only CORPORATE STRUCTURE DIRECTORS • Chairman: Bob Kennedy • Managing Director: Joe Houldsworth • Non-Executive Director: Reg Nelson • Executive Director: Ian Gordon • Non-Executive Director: Kevin Lines SENIOR MANAGEMENT • CFO/Company Secretary: Dom Francese • Operations Manager: D
Slide 6: Capital Structure
For personal use only CAPITAL STRUCTURE (As at 30 September 2008) • ASX Code: RMS Issued Capital: 185,395,867 fully paid ordinary shares 13,716,263 options RMSOB ($1.00) Expire 30 June 09 18,453,282 options RMSOC ($1.50) Expire 30 June 10
Slide 7: Top Ten Shareholders
For personal use only RAMELIUS RESOURCES LIMITED - TOP TEN SHAREHOLDERS* As at 30 September 2008 % Beach Petroleum Limited 20,100,003 10.84 HSBC Custody Nominees (Australia) Pty Ltd 19,696,366 10.62 Citicorp Nominees Pty Ltd 17,686,240 9.54 ANZ Nominees Limited 10,997,625 5.93 Mandurang Pty Ltd 6,42
Slide 8: Background to Exploration & Mining History
For personal use only BACKGROUND TO EXPLORATION & MINING HISTORY • Exploration commenced at Spargoville in 2004 • Wattle Dam ore body discovered in 2005 • Mining commenced in March 2006 • Burbanks Treatment Plant re-commissioned in April 2007 • Wattle Dam High Grade Zone discovered in May 2007 • Cut
Slide 9: Financial Highlights 07-08
For personal use only FINANCIAL HIGHLIGHTS 07-08 • Sales of 16,939 ounces of gold generating revenue of A$14.8 million at an average price of A$874 per ounce. • Payment of maiden dividend on 3 August 2007. • Payment of Capital Return of A$12 million on 28 September 2007. • Cash at the end of the fin
Slide 10: Operational Highlights 07-08
For personal use only OPERATIONAL HIGHLIGHTS 07-08 • Completed milling Ore mined from the original open pit at Wattle Dam. • Drill out of the initial resource for the High Grade Gold Zone. • Production of 16,154 ounces of gold taking total production past the “One Tonne of Gold” milestone (32,154 ou
Slide 11: Wattle Dam Gold Mine Review of Operations
For personal use only Wattle Dam Gold Mine Review of Operations
Slide 12: Spargoville Project Area
For personal use only SPARGOVILLE PROJECT AREA Strategically Located Tenement Package of ~300 square kilometres centred on the Wattle Dam Gold Mine. Large Mineralised System in Mafic and Ultramafic Rocks. Highly Prospective for both Gold and Nickel.
Slide 13: Wattle Dam Cut-Back
For personal use only WATTLE DAM CUT-BACK
Slide 14: Time Line Event
For personal use only TIME LINE EVENT August 07 - More super high grade (RC) intercepts e.g. 16m@482g/t gold including 1m @ 6,770g/t & 1m @ 3,697g/t gold. September 07 - Diamond Drilling commenced to test down plunge extensions November 07 - Initial Resource Estimate December 07 - Mining Study indic
Slide 15: Further Drilling Required
For personal use only FURTHER DRILLING REQUIRED
Slide 16: Current Mine Plan Limit
For personal use only Current Mine Plan Limit Looking East
Slide 17: Wattle Dam Mining
For personal use only WATTLE DAM MINING • Scoping Study identified a high return project over 12 months • Mining 103,000t @ 20.5 g/t for 67,000 oz • Commenced mining June 2008 • Capital of ~$15m and Operating Costs of ~$9m • Identified areas where resource can be extended • Expect overcall in grade
Slide 18: Burbanks Treatment Plant
For personal use only BURBANKS TREATMENT PLANT • Wholly Owned – No Debt • Advances Cash Flow • Security of Processing Availability • Re-commissioning Completed – Running 24/7 • Ready to treat Wattle Dam High Grade Underground ore
Slide 19: Exploration: Discovering Our Future
For personal use only EXPLORATION Discovering our Future
Slide 20: Exploration Statistics
For personal use only EXPLORATION STATISTICS Drilling Type Auger RAB/Aircore RC Diamond Prospect Metres Metres Holes Holes Metres Holes Metres Holes (Precollar) (Core) 1A North 18 2,508 2 290.0 268.9 Hilditch 13 1,933 1 200.0 166.5 Golden Orb 49 2,557 4 702 Golden Orb Regional 73 3,839 Eagles Nest 3
Slide 21: Exploration Areas
Pu Exploration Areas y and Yilmia Hill Gold Priority Targets ae Pipeline Nickel 4 RAMELIUS PRESOURCES || Lefroy Tantalum and Nickel 8 ____ Highway Nickel 1 | =~ Hilditch North and Central Nickel ee on |) 1A North Nickel ——a Central Gold and Nickel RAMELIUS 6540000 mN Yilmia West Nickel _] Groper Nor
Slide 22: Gold and Nickel Exploration
For personal use only GOLD AND NICKEL EXPLORATION GOLD TARGETS • Wattle Dam Extensions • Golden Orb (600m South of Wattle Dam) • Eagles Nest (RC Drilling completed ) • North Widgie (south of Wattle Dam) • Central Gold (targets Wattle Dam structure under cover to the north) NICKEL TARGETS • 1A North
Slide 23: Golden Orb
Golden Orb • High Grades in Wattle Dam setting For personal use only • Open to south and down dip • Drilling ongoing
Slide 24: Eagle's Nest Tenement
For personal use only EAGLE’S NEST TENEMENT Purchased in March 2007 Geological setting is sheared ultramafics (same as Wattle Dam) Large alluvial gold shed including the famous Golden Eagle Nugget (1135 oz) found in 1931
Slide 25: Eagle's Nest Prospect
For personal use only EAGLE’S NEST PROSPECT Earlier drilling to the north has intersected encouraging gold grades RC Drilling on 100 metre line spacings returned: 9m@2.2g/t & 9m @2.0g/t Au. Follow-up close spaced RC drilling proposed in the north and extend Auger drilling south.
Slide 26: Ramelius Nickel Rights
For personal use only RAMELIUS NICKEL RIGHTS Hilditch 90% Wattle Dam 80% Logans Larkinville 80% The Spargoville Ultramafic Belt contains historic Spargoville Nickel mines which have produced 14,000t of Nickel Ramelius holds 50km of ultramafics including 10km of the belt in which the Spargoville and
Slide 27: Looking Forward
For personal use only LOOKING FORWARD • Completion of Pit Cut-back by January 2009 • Development of Wattle Dam Underground • Processing High Grade Gold Ores • Further Diamond Drilling at Wattle Dam and Golden Orb Prospect • Follow-up Drilling at Eagle’s Nest • Follow-up Drilling of anomalies at Cent
Slide 28: Discovering the Wealth Below
For personal use only Discovering the Wealth Below
Slide 29: High Grade Ore from Pit Cut-Back
For personal use only HIGH GRADE ORE FROM PIT CUT-BACK
Slide 30: For personal use only
For personal use only The Information in this report that relates to Exploration Results is based on information compiled by Matthew Svensson. Matthew Svensson is a Member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and
Slide 31: For personal use only
Ladies and Gentlemen, that completes my presentation. I would like to take this opportunity to thank the Ramelius team for their dedication to getting the job done well in a difficult environment. I would also like to thank my fellow directors for their continued support and guidance. For personal u
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