Ramelius Resources Limited · ASX:RMS
Ramelius Resources — RIU Explorers Conference 2015
32 slides from Ramelius Resources's conference presentation, Feb 26, 2015
Slide 1: Amended RIU Explorers Conference Presentation (ASX release)
For personal use only 26 February 2015 For Immediate Release AMENDED RIU EXPLORERS CONFERENCE PRESENTATION Further to ASX Release dated 25 February 2015, attached is amended RIU Explorers Conference presentation. For further information contact: 26 February 2015 Mark Zeptner Chief Executive Officer
Slide 2: Ramelius Resources Limited – RIU Explorers Conference February 2015
For personal use only Ramelius Resources Limited ASX:RMS RIU Explorers Conference – February 2015
Slide 3: Forward Looking and Competent Persons Statements
Forward Looking and Competent Persons Statements 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
Slide 4: Corporate Summary
Corporate Summary For personal use only Board & Management Capital Structure (as at 31 Jan 15) Robert Kennedy, Shares on Issue 468.8M Non Executive Chairman Market Cap A$63.3M Mark Zeptner, Chief Executive Officer Cash & Gold A$26.6M Kevin Lines, Corporate Debt Nil Non Executive Director Enterprise
Slide 5: Peer Comparison – All-In Sustaining Cost
Peer Comparison For personal use only All-In Sustaining Cost (AISC) H1 FY2015 ($A/oz) 1,500 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500 Dec-14 Qtr Sep-14 Qtr Dec-14 Qtr Average (incl. NCM) RMS Mar-15 Qtr Guidance ^ Translated at average quarterly exchange rate ~ Reported AISC for the first tim
Slide 6: Strategy
Strategy 1. Be profitable in a low gold price environment For personal use only 2. Discover a high margin asset over next 2 years 3. Strong focus on capital management * AISC represents All-In Sustaining Costs as per the World Gold Council guidance Ramelius Resources Limited • RIU Explorers Conferen
Slide 7: Forward Gold Sales
Forward Gold Sales For personal use only RMS Forward @ A$1,582/oz 5 year average A$1,473/oz 2 year average A$1,426/oz Ramelius Resources Limited • RIU Explorers Conference - February 2015 6
Slide 8: Operations & Development Projects
Operations & Development Projects For personal use only Mt Magnet Gold Mine Kathleen Valley Project Capacity 1.7Mtpa Resource 163koz Resource 1.9Moz Reserve 56koz Reserve 326koz Life 1.5 years Life 4 years Capex A$1.5M Capex A$1.5Mpa AISC A$936/oz C1 Cost A$1,280/oz UCF* A$27.8M AISC A$1,320/oz Vivi
Slide 9: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine For personal use only Hill 50 shaft Focus on Saturn and Mars ↑ Current pit open pits in FY15 Mars Pit N Saturn pit Final pit design Perseverance Pit Filled Current pit stope Mars pit 100t fleet BIF lode design Saturn Pit BIF lode Transition to Percy pit for F
Slide 10: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine For personal use only Mt Magnet Mt Magnet Milled Tonnes & Head Grade Gold Production & Costs 800,000 2.00 25,000 2,000 WQS pit SAG mill 22,500 repairs 1,800 700,000 Ball mill 1.75 motor 20,000 1,600 600,000 17,500 1,400 Gold Production (oz) 1.50 Head Grade (g/t) Mill
Slide 11: Operations - Mt Magnet Gold Mine
Operations - Mt Magnet Gold Mine For personal use only Checker Gold Mill – capacity of 1.7Mtpa, highly competitive $20/t operating cost Pipeline of open pit & underground mines: Planned to deliver Vivien / Kathleen Valley ore for treatment at Checker Ramelius Resources Limited • RIU Explorers
Slide 12: Development - Vivien Project
Development - Vivien Project For personal use only 1st July 14 - Acquisition completed Relative Physicals May 2014 Oct 2014 Variance 10th July 14 - Permitting approvals received Mine Life 3 years 3 years Unchanged Oct 14 - Updated financials via contract tenders Mineral Resource 184koz2 184koz
Slide 13: Development - Vivien Project
Development - Vivien Project For personal use only Ramelius Resources Limited • RIU Explorers Conference - February 2015 12
Slide 14: Development - Vivien Project
Development - Vivien Project Vivien has one of the highest grade Ore Reserves in Australia For personal use only Underground Gold Mines – Ore Reserves & Grade 2,500 Bubble Size = FY15 Production Guidance (oz) 2,000 SBM - Gwalia 1,500 Reserves ^ (koz) 1,000 EVN - Cracow MLX - Higginsville EVN - Pajin
Slide 15: Development - Kathleen Valley Project
Development - Kathleen Valley Project 1st Sep 2014 - Acquisition completed For personal use only Mineral Resource of 130,000oz Nov 2014 - Infill drilling completed Jan 2015 - Upgraded Mineral Resource (↑24%) 1,814,000t @ 2.8g/t for 163,000oz⁴ Jan 2015 - Maiden Ore Reserve 418,000t @ 4.
Slide 16: Development - Kathleen Valley Project
Development - Kathleen Valley Project Mossbecker open pit For personal use only 12m @ 2.5 g/t 7m @ 5.1 g/t 321,000t @ 4.1g/t for 42koz 7m @ 3.2 g/t 10m @ 6.1 g/t Nil pre-strip, ore from surface, 65m deep pit 3m @ 6.8 g/t Strip ratio 6:1 50t trucking fleet (similar to Coogee) Mossbecker res
Slide 17: Development - Kathleen Valley Project
Development – Kathleen Valley Project Kathleen Valley – looking south For personal use only Ore Reserve Physicals January 2015 Main Rd pit Mine Life 1.5 years Mineral Resource 163koz4 Ore Reserve 56koz5 Mossbecker Grade 4.1 g/t Recovery 95.0% Recovered Ounces 53koz BFS Financials February 2015 Up Fr
Slide 18: Production Targets
Production Targets* Assumes commencement of Vivien & Kathleen Valley gold projects in Q4 FY2015 For personal use only Combines with Mt Magnet to produce a 4 year profile using primarily Ore Reserves (97%) RMS – Group Production Profile 140,000 Yellow Aster 120,000 100,000 Ounces Mossbecker 80,00
Slide 19: Exploration - Projects
Exploration - Projects For personal use only Ramelius Resources Limited • RIU Explorers Conference - February 2015 18
Slide 20: Exploration – Blackmans (WA)
Exploration – Blackmans (WA) For personal use only Secured 100% ownership of Blackmans ML in Sep 2014 Strategic location, 30km nth of Checkers Mill at Mt Magnet High grade supergene gold intersections from maiden Ramelius drilling programme Better RC intersections include: 9m at 31.9 g/t A
Slide 21: Exploration – Blackmans (WA)
Exploration – Blackmans (WA) West Lode + East Lode For personal use only Long Sections Central splay links lodes 30m apart (offset as shown below) 22 x Infill plus 4 deeper RC drill holes below East Lode recently completed (2,000m) Ramelius Resources Limited • RIU Explorers Conference - Februa
Slide 22: Exploration – Blackmans (WA)
Exploration – Blackmans (WA) For personal use only West Lode cross section Ramelius Resources Limited • RIU Explorers Conference - February 2015 21
Slide 23: Exploration – Blackmans (WA)
Exploration – Blackmans (WA) For personal use only East Lode cross section Ramelius Resources Limited • RIU Explorers Conference - February 2015 22
Slide 24: Exploration – Coogee (WA)
Exploration – Coogee (WA) For personal use only Encouraging anomalous reconnaissance drill intersection 600m west of Coogee Open Pit Suggested parallel mineralised corridor associated with deeper buried intrusive – as depicted from aeromagnetic data Anomalous intersection of 23m at 0.38 g/t Au
Slide 25: Exploration – Fraser Range (WA)
Exploration – Fraser Range (WA) For personal use only Coincident magnetic & gravity anomaly within Albany–Fraser Province RC drill hole failed to penetrate through Eucla Basin cover Magnetic modelling identifies target ~200mbs Planning to re-enter the 177m deep RC hole to test the target wit
Slide 26: Exploration – Tanami JV (NT)
Exploration – Tanami JV (NT) For personal use only Farm-in JV secured over 1,700km2 of prospective geology – earn-in 85% Under-explored and within 100km of Newmont’s 4.5Moz Callie Gold Mine and Granites Treatment Plant Walk-up Callie-style drill targets within granted Suplejack EL Suplejack
Slide 27: Exploration – Timeline
Exploration – Timeline For personal use only Active Exploration Program Project Area Feb-15 Mar-15 Apr-15 May-15 Jun-15 Brownfields Blackmans - Mt Magnet (WA) Drilling Resource and Reserve modelling Coogee (WA) Drilling Results assessment Kathleen Valley - Expl. (WA) Targeting/Review Site prep Drill
Slide 28: Summary - The Investment Case
Summary - The Investment Case For personal use only Australian +80kozpa gold producer in a strong financial position to progress near term, high grade development projects Operations Upside Capital Position Ramelius Resources Limited • RIU Explorers Conference - February 2015 27
Slide 29: Thank you
Thank you For personal use only Contact details: Mark Zeptner – Chief Executive Officer Phone – +61 8 9202 1127 Email – reception@rameliusresources.com.au Website – www.rameliusresources.com.au Ramelius Resources Limited • RIU Explorers Conference - February 2015 28
Slide 30: Production Targets, Mineral Resources and Ore Reserve Note
Production Targets, Mineral Resources and Ore Reserve Note For personal use only ¹ All Mt Magnet Production targets are based on current Ore Reserves. For detailed information relating to Mt Magnet Mineral Resources and Ore Reserves see ASX release (RMS) 3 Sept 2014, ‘Resources and Reserves Statemen
Slide 31: Mineral Resource Statement
Mineral Resource Statement MINERAL RESOURCES AS AT 30 JUNE 2014 - INCLUSIVE OF RESERVES For detailed information relating to Mt Magnet Mineral For personal use only Measured Indicated Inferred Total Resource Resources see ASX release (RMS) 3 Sept 2014, Deposit Tonnes Au Au Tonnes Au Au Tonnes Au Au
Slide 32: Ore Reserve Statement
Ore Reserve Statement ORE RESERVE STATEMENT AS AT 30 JUNE 2014 For personal use only Proven Probable Total Reserve Tonnes Au Au Tonnes Au Au Tonnes Au Au ('000s) g/t Oz ('000s) g/t Oz ('000s) g/t Oz Galaxy Pits Saturn 204 1.8 12,000 170 1.7 9,000 374 1.8 21,000 Mars 176 2.0 11,000 426 2.0 28,000 603