Ramelius Resources Limited · ASX:RMS
Ramelius Resources — BMO 33rd Global Metals, Mining & Critical Minerals Conference 2024
24 slides from Ramelius Resources's conference presentation, Feb 26, 2024
Slide 1: Ramelius Resources Limited – BMO 33rd Global Metals, Mining & Critical Minerals Conference
Ramelius Resources Limited For personal use only Mark Zeptner Managing Director ASX:RMS BMO 33rd Global Metals, Mining & Critical Minerals Conference 1 February 2024 BMO 33RD GLOBAL METALS, MINING & CRITICAL MINERALS CONFERENCE • FEBRUARY 2024
Slide 2: Qualification: Forward Looking Statements
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 Gold Guidance For personal use only Market Cap1 A$1.6B (US$ 1.05B) @ A$1.41 per share FY23 Production2 240,996oz @ AISC of A$1,895/oz (US$1,237/oz) Cash & Gold3 A$281.8M (US$184M) FY24 Guidance2 265,000 – 280,000oz @ AISC of A$1,750 - 1,850/oz (US$1,138 – 1,208/
Slide 4: Projects – Two Production Centres and One Development Project
PROJECTS – TWO PRODUCTION CENTRES AND ONE DEVELOPMENT PROJECT ➢ 1) Mt Magnet: For personal use only ▪ Mt Magnet has produced over 6Moz since mining first began in 1891 ▪ 2.0Mt pa mill with both open pit and underground sources within 5km ▪ High grade Penny underground ore trucked 160km to Mt Magnet
Slide 5: Delivering on Strategy
DELIVERING ON STRATEGY For personal use only BMO 33RD GLOBAL METALS, MINING & CRITICAL MINERALS CONFERENCE • FEBRUARY 2024 5
Slide 6: H1 FY24 Financial Results
H1 FY24 FINANCIAL RESULTS* For personal use only A$348.5M A$124.6M Revenue Pre-tax cash from operating activities ↑ 14% on H1 FY23 ↑ 15% on H1 FY23 A$140.2M A$70.4M EBITDA Invested in Project Development & Exploration ↑ 39% on H1 FY23 ↓ 33% on H1 FY23 A$41.2M A$281.8M NPAT Cash & gold on hand ↑ 42%
Slide 7: AISC Forecast – Delivering on Increased Margins
AISC FORECAST - DELIVERING ON INCREASED MARGINS ➢ FY23 group gold production For personal use only 240,996oz at AISC A$1,895/oz (US$1,237/oz) ➢ AISC expected to reduce as commercial levels of production from Penny are sustained into FY24 ➢ AISC margins are forecast to expand in FY24 & further in FY2
Slide 8: Key Project Updates
For personal use only KEY PROJECT UPDATES BMO 33RD GLOBAL METALS, MINING & CRITICAL MINERALS CONFERENCE • FEBRUARY 2024 8
Slide 9: Penny – In Full Production & Resource Extensions Delivered
PENNY - IN FULL PRODUCTION & RESOURCE EXTENSIONS DELIVERED ➢ Mineral Resources - 430kt @ 18.3g/t for 250koz1 For personal use only . ➢ Ore Reserve - 480kt @ 14.0g/t for 210koz1 ➢ Stoping well underway, multiple fronts open ➢ Haulage matching mine production ➢ UG drilling producing excellent results
Slide 10: Mt Magnet – Eridanus Uncovering High Grade Potential
MT MAGNET - ERIDANUS UNCOVERING HIGH GRADE POTENTIAL ➢ Mineral Resources For personal use only – 18Mt @ 1.3g/t for 730koz1 ➢ Ore Reserve – 2.1Mt @ 1.4g/t for 95koz1 ➢ Open pit progressing well, strip ratio reducing, grade increasing ➢ Recent RC drilling from pit floor ▪ 13m at 10.4g/t Au* ▪ 6m at 10
Slide 11: Mt Magnet: Galaxy (Saturn & Mars) Development in Full Swing
MT MAGNET: GALAXY (SATURN & MARS) DEVELOPMENT IN FULL SWING ➢ Galaxy For personal use only . ▪ Decline rehab progressed down below Mars access points ▪ Ore driving commenced, production ramp up during FY24 ▪ Resource definition drilling ongoing, with recent results incl*: ▪ 4.5m at 9.55g/t Au ▪ 2.0m
Slide 12: Cue Gold Project – Overview
CUE GOLD PROJECT - OVERVIEW ➢ Cue Gold Project Mineral Resources1 For personal use only ▪ Totals 12.3Mt @ 2.3g/t Au for 927koz, includes: o Break of Day High-Grade 982kt @ 10.4g/t Au for 327koz Au o Moyagee Western Trend with 9.8Mt @ 1.7g/t for 541koz Au ➢ Musgrave Stage 1 PFS completed2 ▪ Gold prod
Slide 13: Symes – New High Margin Open Pit Feed for Edna May
SYMES - NEW HIGH MARGIN OPEN PIT FEED FOR EDNA MAY ➢ 120km by road from Edna May For personal use only . ➢ Mineral Resource1 of 1.4Mt at 1.7tg/t for 75koz ➢ Site infrastructure completed ➢ Ore haulage up to expected rates 1See RMS ASX Release “3 Year Production Outlook & Study Updates”, 14 November
Slide 14: Vivien, Tampia & Marda – Progressive Rehabilitation
VIVIEN, TAMPIA & NOW MARDA - PROGRESSIVE REHABILITATION WHERE POSSIBLE Vivien (North Eastern Goldfields) Marda (Yilgarn) For personal use only . Tampia (Wheatbelt) BMO 33RD GLOBAL METALS, MINING & CRITICAL MINERALS CONFERENCE • FEBRUARY 2024 14
Slide 15: Rebecca / Roe Project
For personal use only REBECCA / ROE PROJECT BMO 33RD GLOBAL METALS, MINING & CRITICAL MINERALS CONFERENCE • FEBRUARY 2024 15
Slide 16: Rebecca / Roe Project – Overview
REBECCA / ROE PROJECT - OVERVIEW ➢ Tier 1 location For personal use only ▪ ~100-150km from Kalgoorlie, in Australia’s premier gold province ▪ Southern end of the Keith – Kilkenny & Laverton Tectonic Zones ➢ Rebecca ▪ Rebecca, Duke & Duchess Deposits ▪ Mineral Resource of 33Mt @ 1.3g/t Au for 1.4Moz
Slide 17: Roe Gold Project – Drill Plan FY24
ROE GOLD PROJECT - DRILL PLAN FY24 For personal use only ➢ Resource definition drilling ongoing, with first assay results from the Tura Lode including*: ▪ 5.4m at 2.37g/t Au ▪ 4.5m at 18.7g/t Au ▪ 2.2m at 11.1g/t Au ➢ Conversion of Inferred underground ounces to Indicated the primary aim at Tura & N
Slide 18: Sources of Future Growth
For personal use only SOURCES OF FUTURE GROWTH BMO 33RD GLOBAL METALS, MINING & CRITICAL MINERALS CONFERENCE • FEBRUARY 2024 18
Slide 19: Organic Growth – Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES* Centre Study Description Status / Next Key Date For personal use only . Hill 50 underground: On hold whilst other Mt Magnet projects are prioritised June 2024 Eridanus underground: Pre-Feasibility Study - further drilling commenced with grades June 2024 hi
Slide 20: Inorganic Growth – Return on Investment a Key Driver
INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER ➢ Track record of generating positive (net) cash For personal use only flow* from new projects ➢ Inventory build-up shown as notional c/flow ▪ Marda: 450kt @ 1.71g/t for 25koz ▪ Tampia: 635kt @ 1.47g/t for 30koz ▪ Symes: 169kt @ 1.90g/t for 10koz
Slide 21: Ramelius – Well Positioned for 2024 and Beyond
RAMELIUS - WELL POSITIONED FOR 2024 AND BEYOND For personal use only Proven management team adept in either greenfields development or Operational Excellence refurbishment & operation of both open pit and underground mines Strong balance sheet, disciplined approach to capital management with a focus
Slide 22: 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 Luke Forrestal Managing Director Direct
Slide 23: Appendix – 2023 Mineral Resource Statement
APPENDIX 1 - 2023 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral Resources see ASX Releases (RMS) “Resources and Reserves Statement 2023”, 14 September 2023. For personal use only For updated information related to the Penny deposit, see RMS ASX Release “Penny Gold Mine Upda
Slide 24: Appendix – 2023 Ore Reserve Statement
APPENDIX 2 - 2023 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2023”, 14 September 2023. The Company confirms that it is not aware of any new information or data that materially affects the info
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