Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Noosa Mining Conference 2020
28 slides from Ramelius Resources's conference presentation, Nov 12, 2020
Slide 1: Ramelius Resources Limited - Noosa Mining Conference
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS Noosa Mining Conference 12 November 2020 1 NOOSA MINING CONFERENCE • NOVEMBER 2020
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: Ramelius Corporate Summary
RAMELIUS CORPORATE SUMMARY Corporate Structure Production Guidance For personal use only Shares on Issue 808M Mineral Resources1 4.7Moz at 30 June 2020 Market Cap2 A$1.7B @ $2.07 per share Ore Reserves1 1.1Moz at 30 June 2020 Cash & Gold2 A$221.9M FY 2020 Production4 230,426oz @ AISC A$1,164/oz Debt
Slide 4: Delivering Shareholder Returns - FY2020 a Record Year
DELIVERING SHAREHOLDER RETURNS - FY2020 A RECORD YEAR Share Price Performance FY20^ For personal use only Record Production ✓ – 230koz produced (up 17% on FY19) Record Net Profit* (after Tax) ✓ – A$113.4M (up 420% on FY19) ✓ Best in Class Capital Returns* – 176% share price appreciation in FY20 ✓ Do
Slide 5: Safety & ESG - Increased Focus
SAFETY & ESG - INCREASED FOCUS For personal use only NOOSA MINING CONFERENCE • NOVEMBER 2020 5
Slide 6: 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 7: Resources & Reserves Growth - Accelerating in Recent Years
RESOURCES & RESERVES1 GROWTH - ACCELERATING IN RECENT YEARS For personal use only ➢ Growth achieved via ▪ Exploration ▪ Acquisition ➢ Foundation of 1.45Moz Mine Plan2 ▪ 88% from Reserves/Indicated Resources ➢ Conversion rate ~23% ➢ Looking to improve Resource to Reserve conversion in FY21 1See RMS A
Slide 8: Production Guidance & Forward Outlook
PRODUCTION GUIDANCE & FORWARD OUTLOOK1 For personal use only ➢ Strong track record (27 / 29 Qtr’s achieved) ▪ Sep 2020 Quarter: Exceeded Guidance 71,344 ounces ▪ Mount Magnet (incl.Vivien) – 41,064 ounces ▪ Edna May (incl. Marda) – 30,280 ounces ➢ FY2021 Full Year Guidance remains ▪ 260,000 - 280,00
Slide 9: Mine Plan - Grows by 34% to 1.45 Million Ounces
MINE PLAN* - GROWS BY 34% TO 1.45 MILLION OUNCES For personal use only ➢ Main Contributors to growth ▪ Eridanus Stage 2 open pit (Mining) ▪ Eridanus Underground (Scoping) ▪ Penny Gold Project (PFS) ➢ Early opportunities for FY22 ▪ Extension of Vivien underground ▪ Earlier production from the Penny P
Slide 10: Mine Plan - Details
MINE PLAN - DETAILS ✓ Mine Plan outlines total production of 1.45Moz across 6-8yrs For personal use only ✓ Average AISC over full 8yrs A$1,250 - A$1,350/oz (A$1,200/oz only over first 5yrs) ✓ Capital for Eridanus Stage 2, Tampia, Penny, Morning Star & Saturn included ✓ Exploration contributes to min
Slide 11: Project Portfolio
For personal use only PROJECT PORTFOLIO NOOSA MINING CONFERENCE • NOVEMBER 2020 11
Slide 12: 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 13: 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 14: 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 15: Project Updates
For personal use only PROJECT UPDATES NOOSA MINING CONFERENCE • NOVEMBER 2020 15
Slide 16: 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 reduced to A$633/oz ▪ Up
Slide 17: Eridanus - Stage 2 Open Pit Underway
ERIDANUS - STAGE 2 OPEN PIT UNDERWAY 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 (see opposite) ➢ Most recent diamond drilling returned wider z
Slide 18: Edna May - 22% Larger Resource at 1.0M Ounces
EDNA MAY – 22% LARGER RESOURCE AT 1.0M OUNCES For personal use only . ➢ Infill and extensional diamond drilling programme completed along with new resource model ➢ Updated Mineral Resources1 ▪ 31Mt @ 1.1g/t for 1.0Moz1 (overall resource) ▪ 490kt @ 4.5g/t for 72koz (included high grade lodes) ➢ Indic
Slide 19: Greenfinch - Taking Shape Nicely
GREENFINCH - TAKING SHAPE NICELY For personal use only . ➢ Commenced mining in March 2020, on schedule for completion July 2021 ➢ Mineral Resource - 4.3Mt @ 0.9g/t for 130koz1 ➢ Ore Reserve - 1.5Mt @ 1.1g/t for 52koz1 ➢ Reconciling well against Ore Reserves and productivity exceeding expectations ➢
Slide 20: Tampia - Capital Projects Underway
TAMPIA - CAPITAL PROJECTS UNDERWAY ➢ Edna May Plant Upgrade For personal use only . ▪ Vibrating screens installed and leach thickener footings complete (see opposite) ➢ Approvals ▪ Land Access – continuing negotiations with freehold landowners ▪ Project Management Plan – approved by DMIRS ▪ Mining P
Slide 21: Marda - In Full Swing
MARDA - IN FULL SWING For personal use only ➢ Commenced mining in November 2019 ➢ Located 170km by road from the Edna May processing plant ➢ Mineral Resource - 4.4Mt @ 2.0g/t for 280koz1 ➢ Ore Reserve - 1.3Mt @ 2.1g/t for 93koz1 ➢ At 30 September, a significant 330kt ore stockpile had been built, re
Slide 22: The Investment Case
For personal use only THE INVESTMENT CASE NOOSA MINING CONFERENCE • NOVEMBER 2020 22
Slide 23: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES For personal use only . ➢ Mount Magnet Estimated Completion ▪ Eridanus Underground: completion of deeper drilling and associated Scoping Study 31 December 2020 ▪ Processing Facility Upgrade: carry out cost/benefit analysis on upgrade from 2.0 to 2.4Mtpa 31
Slide 24: Inorganic Growth - A History of Adding Value
INORGANIC GROWTH – A HISTORY OF ADDING VALUE* For personal use only ➢ Track record of generating positive (net) cash flow from new projects ➢ Marda now in production (325kt ore stockpile, contains ~$25M in free cashflow) ➢ Targeting Tampia mining commencement in mid FY21 ➢ Targeting Penny mining com
Slide 25: Peer Comparison - Impressive Margins Along with the Growth
PEER COMPARISON^ - IMPRESSIVE MARGINS ALONG WITH THE GROWTH For personal use only ^ Source: Refer to Company specific FY20 Financial Results (or Half Year results in case of GOR) released on ASX Platform in August/September 2020 NOOSA MINING CONFERENCE • NOVEMBER 2020 25
Slide 26: 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 27: 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 28: 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