Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Ord Minnett Small & Mid Cap Mining Conference 2024
23 slides from Ramelius Resources's conference presentation, Mar 26, 2024
Slide 1: Ord Minnett Small & Mid Cap Mining Conference
Ramelius Resources Limited Mark Zeptner Managing Director ASX:RMS Ord Minnett Small & Mid Cap Mining Conference 1 26 March 2024 ORD MINNETT SMALL & MID CAP MINING CONFERENCE • MARCH 2024
Slide 2: Qualification: Forward Looking Statements
QUALIFICATION Forward Looking Statements 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 uncertainties. Actual resu
Slide 3: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance Market Cap1 A$1.85B @ A$1.615 per share FY23 Production2 240,996oz @ AISC of A$1,895/oz Cash & Gold3 A$351M FY24 Guidance2 265,000 – 280,000oz @ AISC of A$1,750 - 1,850/oz Debt3 Nil (Undrawn A$100M facility) Mineral Resources4 7.6Moz at 30 June 202
Slide 4: Two Production Centres and One Development Project
TWO PRODUCTION CENTRES AND ONE DEVELOPMENT PROJECT ➢ 1) Mt Magnet: ▪ 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 ▪ High grade Cue project to be de
Slide 5: Delivering on Strategy
DELIVERING ON STRATEGY ORD MINNETT SMALL & MID CAP MINING CONFERENCE • MARCH 2024 5
Slide 6: AISC Forecast - Delivering on Increased Margins
AISC FORECAST - DELIVERING ON INCREASED MARGINS ➢ FY23 group gold production 240,996oz at AISC A$1,895/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 FY25 ➢ FY24 group gold production Upgra
Slide 7: Mt Magnet - A 10 Year Plus Production Profile
MT MAGNET - A 10 YEAR PLUS PRODUCTION PROFILE Key Hub Metrics Metric From 1 Jan 2024 Total Production +1.5Moz Average Annual ~150koz Production1 AISC2 (first 3.5 years) A$1,350/oz AISC2 (full Mine Plan) A$1,700/oz Growth Capex3 A$380M Mine Life +10 Years Upside potential Eridanus Cutback Note: 68koz
Slide 8: Mt Magnet - Physicals & Financials
MT MAGNET - PHYSICALS & FINANCIALS 1 H2 FY24 reflects a half-year from Jan-24 to Jun-24 for Mt Magnet only. 2 Processing schedule includes starting stockpile of 2.7Mt @ 0.86g/t for 74koz of contained gold (excluding low grade stockpiles) 3 Operating Costs (column) are the total cash operating costs
Slide 9: Key Project Updates
KEY PROJECT UPDATES ORD MINNETT SMALL & MID CAP MINING CONFERENCE • MARCH 2024 9
Slide 10: Penny - In Full Production & Mine Plan Extensions Delivered
PENNY - IN FULL PRODUCTION & MINE PLAN EXTENSIONS DELIVERED 30 June 2023 . ➢ Mineral Resources ▪ 430kt at 18.3g/t for 250koz1 ➢ Ore Reserve ▪ 480kt at 14.0g/t for 210koz1 12 March 2024 ➢ Latest Mineral Resource ▪ Total - 380kt at 22g/t for 270koz2 ➢ Production Target ▪ 380kt at 15.9g/t for 194koz2 (
Slide 11: Cue - Commencement in Early FY25
CUE - COMMENCEMENT IN EARLY FY25 ➢ Cue Gold Project – Ramelius Mineral Resource ▪ Open pits - 10Mt at 2.0g/t Au for 660,000oz1 ➢ Ramelius mining studies on open pits completed ▪ Open pits - 2.65Mt at 2.9g/t for 246,000oz2 ▪ Underground - 0.48Mt at 4.8g/t for 75,200oz mined1 (Musgrave PFS2) ➢ Permits
Slide 12: Mt Magnet - Eridanus: Getting Better at Depth
MT MAGNET - ERIDANUS: GETTING BETTER AT DEPTH WITH BOTH OP & UG OPTIONS ➢ June 2023 Mineral Resource Estimate ▪ 18Mt at 1.3g/t Au for 730koz1 ➢ New Exploration Target (in addition to MRE) ▪ 3.2 - 5.8Mt at 1.2 - 2.0g/t for 125 - 225koz2 ➢ Underground Option ▪ 2.4 - 4.0Mt at 2.0 - 3.0g/t for 230 - 330
Slide 13: Mt Magnet: Galaxy (Saturn & Mars) Development in Full Swing
MT MAGNET: GALAXY (SATURN & MARS) DEVELOPMENT IN FULL SWING ➢ Galaxy . ▪ 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 at 28.9g/t Au ▪ 0.6m
Slide 14: Rebecca / Roe Project
REBECCA / ROE PROJECT ORD MINNETT SMALL & MID CAP MINING CONFERENCE • MARCH 2024 14
Slide 15: Rebecca / Roe Project - Overview
REBECCA / ROE PROJECT - OVERVIEW ➢ Tier 1 location ▪ ~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 ➢ Roe ▪ Bombora & Cres
Slide 16: Roe Gold Project - Drill Plan FY24
ROE GOLD PROJECT - DRILL PLAN FY24 ➢ 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 & North Flats *See RMS AS
Slide 17: Sources of Future Growth
SOURCES OF FUTURE GROWTH ORD MINNETT SMALL & MID CAP MINING CONFERENCE • MARCH 2024 17
Slide 18: Mining/Processing Studies - Delivery of Key Milestone at Mt Magnet
MINING/PROCESSING STUDIES1 - DELIVERY OF KEY MILESTONE AT MT MAGNET Centre Study Description Status / Next Key Date Hill 50 underground: On hold whilst other Mt Magnet .projects are prioritised June 2024 Eridanus underground: Pre-Feasibility Study - further drilling completed with grades June 2024 h
Slide 19: Inorganic Growth - Return on Investment a Key Driver
INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER ➢ Track record of generating positive (net) cash 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 ➢ 7 assets acquired in
Slide 20: Ramelius - Well Positioned for 2024 and Beyond
RAMELIUS - WELL POSITIONED FOR 2024 AND BEYOND 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 Balance Sheet & Use o
Slide 21: Thank You
THANK YOU 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 Director Ramelius Resources
Slide 22: Appendix 1 - 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 updated information related to the Penny deposit, see RMS ASX Release “Penny Gold Mine Update”, 15 September 2023
Slide 23: Appendix 2 - 2023 Ore Reserve Statement
APPENDIX 2 - 2023 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves 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 information included in th
Ramelius Resources — Ord Minnett Small & Mid Cap Mining Conference 2024 on 6ix