Slide 1: December 2024 Quarterly Results
Ramelius Resources Limited For personal use only Mark Zeptner Darren Millman Managing Director Chief Financial Officer ASX:RMS DECEMBER 2024 QUARTERLY RESULTS January 20251 DECEMBER 2024 QUARTERLY RESULTS • JANUARY 2025 July 2024
Slide 2: Qualification & Non-IFRS Financial Information
QUALIFICATION & NON-IFRS FINANCIAL INFORMATION 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
Slide 3: Key Highlights
KEY HIGHLIGHTS Production & Guidance For personal use only ➢ Quarterly gold production of 85,311 ounces at an AISC of A$1,491/oz1 ➢ FY25 Guidance remains at 270,000 – 300,000 ounces at an AISC of A$1,500 – 1,700/oz2 Cash Generation ➢ Record operating cash flow of A$193.6M and sector-leading underlyi
Slide 4: Gold Production by Quarter
GOLD PRODUCTION BY QUARTER For personal use only DECEMBER 2024 QUARTERLY RESULTS • JANUARY 2025 4
Slide 5: Q2 FY25 Mining & Production - mined grades increasing with commencement of Cue
Q2 FY25 MINING & PRODUCTION - mined grades increasing with commencement of Cue For personal use only ORE TONNES MINED MINED GRADE ORE TONNES MILLED MILLED GRADE GOLD PRODUCTION 0.3Mt 7.33g/t 1.0Mt 2.92g/t 85koz million tonnes mined grams per tonne million tonnes milled grams per tonne gold productio
Slide 6: Mt Magnet Q2 FY25 Operating Highlights
MT MAGNET Q2 FY25 OPERATING HIGHLIGHTS - two high-grade sources = stellar cash flow ➢ Safety: One (1) Lost Time Injury and one (1) Restricted Work Injury For personal use only ➢ Production: 67,050 ounces of gold produced ➢ Costs: AISC of A$1,277 per ounce ➢ Operations: Continued mining of Break of D
Slide 7: Penny - operating cash flow of A$135M in FY24
PENNY - operating cash flow of A$135M in FY24 / H1 FY25 operating cashflow of A$95M ➢ Production statistics For personal use only . ▪ Mined: 48kt at 17.86g/t for 27,806oz ▪ Milled: 39kt at 20.52g/t ▪ Production: 18,136 gold ounces ➢ Financials ▪ Operating Cash Flow: A$73.1 million ▪ Free Cash Flow:
Slide 8: Cue - not a bad start for first Quarter of production
CUE - not a bad start for first Quarter of production ➢ Production statistics For personal use only ▪ Mined: 101kt at 7.36g/t for 23,795 ounces ▪ Milled: 48kt at 15.77g/t ▪ Production: 23,486 gold ounces ▪ Inventory: 102kt at 2.54g/t for 8,325 ounces of contained gold ➢ Financials ▪ Operating Cash F
Slide 9: Edna May Q2 FY25 Operating Highlights
EDNA MAY Q2 FY25 OPERATING HIGHLIGHTS - positive stockpile reconciliations continue ➢ Safety: one (1) Restricted Work Injuries during the Quarter, no Lost Time Injuries For personal use only ➢ Production: 18,261 ounces of gold produced ➢ Costs: AISC of A$2,209 per ounce with “free carry” low grade s
Slide 10: FY25 Gold Production & AISC Guidance
FY25 GOLD PRODUCTION & AISC GUIDANCE - well positioned going into Second Half For personal use only ➢ Mt Magnet: FY25 Production Profile: 45% [H1] / 55% [H2], driven primarily by Cue production coming online ➢ Edna May to process remaining stockpiles to produce 45,000 ounces (mid-point) then C&M ➢ F
Slide 11: Value Generating M&A - return on investment scoresheet
VALUE GENERATING M&A - return on investment scoresheet LOM CASH FLOWS – AS AT DECEMBER 2024 For personal use only [ ] shows change in Q2 FY25 ➢ Track record of generating positive (net) cash flow1 from new projects ➢ Penny generated A$71M in free cash flow and achieved positive (net) cash flow over
Slide 12: Q2 FY25 Financials
Q2 FY25 FINANCIALS For personal use only GOLD SALES REALISED GOLD PRICE AISC FREE CASH FLOW1 CASH & GOLD A$3,683 A$1,491 A$174.5 A$501.7 80koz million in gold sales dollars per ounce dollars per ounce million In line with Up 10% Q-on-Q Significant (24%) reduction Record cash flow Liquidity of over A
Slide 13: A$174.5M Free Cash Flow for Q2 FY25
A$174.5M FREE CASH FLOW FOR Q2 FY25 - best ever cash flow generation ➢ Q2 FY25 gold production of 85,311oz For personal use only and AISC of A$1,491/oz ➢ FY25 gold production Guidance of 270,000 – 300,000oz and AISC Guidance of A$1,500 – 1,700/oz (midpoint) 1 ➢ Total CY24 free cash flow of A$527.8M
Slide 14: Cash Flow - proven ability to generate significant cash flows
CASH FLOW - proven ability to generate significant cash flows from operations For personal use only 1 Free cash flow represents the underlying free cash flow which is total cash flow before one-off cash flows such as acquisitions and investments, taxes, stamp duty payments, and dividends 2 Total liq
Slide 15: Key Focus Areas in H2 FY25
KEY FOCUS AREAS IN H2 FY25 Centre Description Status/Next Key Date For personal use only Corporate/Company Continue to improve Safety performance Group-wide On track Deliver FY25 Guidance On track Mt Magnet Complete Eridanus underground/open pit studies March 2025 Quarter Complete Mt Magnet Processi
Slide 16: 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 Darren Millman Luke Forrestal Managing D
Slide 17: Appendix 1: Rebecca-Roe PFS Key Highlights
APPENDIX 1: REBECCA-ROE PFS KEY HIGHLIGHTS* Parameter Unit Pre-Feasibility Study (December 2024) ➢ After tax net present value (NPV5%) of A$332 million at a base case General For personal use only Start date (site establishment) Mth January 2026 of A$3,500/oz Mining commencement Mth September 2026 P
Slide 18: Appendix 2: Rebecca-Roe DFS
APPENDIX 2: REBECCA-ROE DFS For personal use only Study Definitive Feasibility Study ➢ Board approval to commence Definitive Area + / - 10% accuracy Feasibility Study (DFS) 10% design / engineering ➢ Final Investment Decision targeted for Drilling Sterilise drilling for Camp, Airstrip and Roe waste