Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Q1 FY2027 Earnings Presentation
14 slides from Ramelius Resources's earnings presentation, Oct 26, 2026
Slide 1: Quarterly Results September 2026
26 OCTOBER 2026 QUARTERLY rsonal use only RESULTS September 2026
Slide 2: Qualifications & Non-IFRS Financial Information
Qualifications & Non-IFRS Financial Information 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 ri
Slide 3: Key Highlights | September 2026 Quarter
Key Highlights | September 2026 Quarter Production & Costs • Quarterly gold production of 48,839 ounces at an AISC of A$2,656/oz1 • A total of 135Kt of Never Never underground ore processed at an average grade of 4.15g/t rsonal use only • On track to achieve full year Guidance of 205,000 to 225,000
Slide 4: Gold Production by Quarter
Gold Production by Quarter Two high-quality hubs in Western Australia rsonal use only update Development Project Ramelius Mine/Project Haulage Direction Processing Plant 4
Slide 5: Mining & Gold Production | positive impact of Never Never ore
Mining & Gold Production | positive impact of Never Never ore rsonal use only ORE TONNES MINED MINED GRADE ORE TONNES MILLED MILLED GRADE GOLD PRODUCTION 0.7Mt 2.56g/t 0.5Mt 3.00g/t 49koz Au Increased mining at Cue Increased contribution Annualised run rate of Processing of high-grade 4koz stockpile
Slide 6: Mt Magnet update | processing plant upgrade to 4.3Mtpa
rsonal use only Mt Magnet update | processing plant upgrade to 4.3Mtpa Wind turbine blade delivery to site Lifting new cyclone tower Cardio area matting & gym building Wind turbine tower section lift New cyclone tower structure in place Camp expansion Area Growth Capex (A$M) FY27 (G)1 FY28 (O)1 Proj
Slide 7: Dalgaranga | mining ramp up on track
Dalgaranga | mining ramp up on track Mt ore mined per annum1 LOM Kt ore mined per month to September 2026 Tonnes mined (indicated) (Mt) Tonnes mined (inferred) (Mt) Kt mined per month rsonal use only 46.5 42.7 43.1 40.8 1.1 38.2 1.1 1.1 1.0 1.0 34.1 0.9 0.9 On track for 0.5Mt in FY27 Ramp up to 1Mt
Slide 8: Rebecca-Roe | approvals update
Rebecca-Roe | approvals update Part V approval granted for Roe project, first gold target fourth Quarter 2028 Rebecca-Roe Project Mineral Resource1 Rebecca, Roe rsonal use only Roe Rebecca 34 Mt @ 1.6g/t for 1.8 Moz 67 Mt 33 Mt @ 1.3g/t for 1.4 Moz 1.5 g/t Bombora OPs 3 Moz Rebecca OP/ Cleo OP Bombo
Slide 9: Financials | sector leading cash margins of A$3,363 per ounce
Financials | sector leading cash margins of A$3,363 per ounce rsonal use only GOLD SALES REALISED GOLD PRICE AISC FREE CASH FLOW1 CASH & GOLD A$2,656 A$62 A$768 51k A$6,019 ounces of gold dollars per ounce dollars per ounce million million Comparable to prior Down 3% Q-on-Q, 3,750 In line with expec
Slide 10: September Cash Flow | increased cash balance to A$768M
September Cash Flow | increased cash balance to A$768M Other cash flow • A$15M returned to shareholders in Quarter by way of share buybacks A$131M Spartan stamp duty paid in Quarter QUARTERLY MOVEMENT IN CASH & GOLD • • Remaining A$205M in sales proceeds for Edna May received • Closing cash & gold p
Slide 11: FCF machine with leverage to the gold price
FCF machine with leverage to the gold price Self-funded growth with outsized FCF through FY30 and beyond rsonal use only Free cash flow outlook at A$5,500/oz and A$6,000/oz gold prices (A$m) FCF inflection through FY30 Mt Magnet growth capital Rebecca-Roe growth capital Production growth and strong
Slide 12: Ramelius' Investment Case
Ramelius’ Investment Case rsonal use only Dividend yield above Sector leading 205% production mid-tier ASX gold cash flows growth producers High margin / free cash flow Pathway to 600koz p.a. by FY30 A$376M dividends last 8 yrs focused business with long life and upside potential through assets (Mt
Slide 13: Thank you
RAMELIUS RESOURCES LIMITED | ASX Code: RMS Thank you Level 13, 58 Mounts Bay Road, Perth, WA, 6000 Authorised for release to the ASX by the Managing Director rsonal use only INVESTOR ENQUIRIES Mark Zeptner Managing Director Ramelius Resources Limited Ph: +61 8 9202 1127 Brian Massey GM – Investor Re
Slide 14: Mineral Resources and Ore Reserve
Mineral Resources and Ore Reserve Mineral Resources1,2 Ore Reserve1,2 rsonal use only NOTES 1. Resource figures rounded to 2 significant figures. Rounding errors may occur. Mineral Resource inclusive of Ore Reserves 2. Refer to ASX Announcement “2026 Resources & Reserves Statement”, 25 August 2026