Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Investor Presentation (May 2006)
34 slides from Ramelius Resources's investor presentation, May 2006
Slide 1: Investor Presentation May 2006
RAMELIUS RESOURCES LIMITED INVESTOR PRESENTATION MAY 2006 Good afternoon Ladies and Gentlemen, I would like to take this opportunity to give you an overview of Ramelius Resources Ltd, after which I will hand over to my associate Gordon Dunbar who will expand on the technical aspects of our explorati
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain forward looking statements with respect to Ramelius’ financial condition, results of operations and other matters that are subject to various risks and uncertainties. Actual results, performance or achievements could be significantly different from those
Slide 3: Ramelius Resources Limited
RAMELIUS RESOURCES LIMITED LISTED MARCH 2003 ACHIEVEMENTS Mining Wattle Dam Delineation of Gold Resources at Black Cat Discovery Nickel Sulphides at Hilditch FUTURE Mine Black Cat Focus Exploration on Spargoville Project Acquisitions Our achievements since listing. •Ramelius commenced mining at Watt
Slide 4: Objectives
OBJECTIVES • Resource Definition at Black Cat • Explore the Spargoville Belt Ramelius’s objectives have always been “As a first priority, to concentrate on low risk, low cost but advanced gold projects to establish a solid reserve base and a revenue stream. Wattle Dam will generate the first substan
Slide 5: Spargoville Objectives
SPARGOVILLE OBJECTIVES • Build on the 280km2, 30km long tenement package • Accelerate Exploration The Spargoville area – home to the Company’s Wattle Dam Gold Mine, is the Company’s Flag Ship. The Company has in fact 15 project areas in Western Australia, 4 of which are in the Spargoville region and
Slide 6: Indicative Cash Summary (to December 2006)
RAMELIUS RESOURCES LIMITED INDICATIVE CASH SUMMARY (TO DECEMBER 2006) CASH ON HAND (31 MARCH 2006) $0.5M SPP RAISING $2.4M ESTIMATED OPERATING SURPLUS $5.0M (WATTLE DAM GOLD MINE) EXPLORATIONS COSTS -$1.2M POSSIBLE DEVELOPMENT COSTS -$0.5M (BLACK CAT) TOTAL $6.2M Indicative Cash Summary to the end o
Slide 7: Start of Mining at Wattle Dam Gold Mine
START OF MINING AT WATTLE DAM GOLD MINE Wattle Dam Gold Mine: Commenced mining March 2006. Current indications are that we will be mining until September albeit, there is still potential at depth. The few deep holes drilled to test below the deposit returned anomalous gold over widths of up to 50 me
Slide 8: Wattle Dam 7800N Orebody
WATTLE DAM 7800N OREBODY Indicated/Inferred Resource 180,000 tonnes @ 3.6g/t (cut) for 21,100oz Gold Potential for additional ore down plunge and down dip You can see from this 3 dimensional image of the ore body that the mineralisation is continuous from the surface and appears to plunge to the sou
Slide 9: Wattle Dam Gold Mine
WATTLE DAM GOLD MINE METALLURGICAL TESTWORK Free Milling, High Recoveries, Low Reagent Usage OPERATING Open Cut Mining - High Grades from Surface - Mainly Free Digging Toll Treatment OPTIMISATION SUMMARY* GOLD MINING OUNCES CASH OPERATING STRIPPING PRICE RESERVES RECOVERED COST PROFIT RATIO (A$/oz)
Slide 10: Spargoville Gold History
■ Mt Marion 1997 SPARGOVILLE GOLD HISTIORY ■ Spargos Reward 1935 • Widgiemooltha 1897 • Golden Eagle 1931 • Spargos Reward 1934 ■ Spargoville 5B 1995 Wattle Dam 2006 ■■ • Spargoville 5B 1995 Mandilla (Planned) 2006 • Mt Marion 1997 ■Golden Eagle 1931 • Wattle Dam 2006 Widgiemooltha 1897 ■ • Mandilla
Slide 11: Spargoville Project Area
SPARGOVILLE PROJECT AREA •Tenements extend over 30 kilometres •Located Along Regional Shears •Mafic and Ultramafic Rocks Four tenement groups and Ramelius’ interests. Wattle Dam 100% gold and Ta Hilditch 90% all minerals Logan’s Larkinvile 75% gold and Ta North Widgiemooltha 100% gold 11
Slide 12: Spargoville Project Area
SPARGOVILLE PROJECT AREA •Gold in Soil Geochemistry highlights Gold along the Regional Shears •Some Low Gold values are from Transported Cover This gold in soil image is a compilation of Ramelius Data (mainly auger) and data from a number of previous surveys. Highlights regional shears South of Spar
Slide 13: Spargoville Project Area
SPARGOVILLE PROJECT AREA •Note the extent of Transported Cover •Vicinity of Wattle Dam •North Widgiemooltha Areas of “insitu regolith” are effectively tested by soil sampling. Note the extent of transported cover through North Widgiemooltha and north from Wattle Dam 13
Slide 14: Spargoville Project Area
SPARGOVILLE PROJECT AREA Gold in Soil Geochemistry Wattle Dam to North Widgiemooltha not effectively tested by Surface Geochemistry Applying the regolith to the geochemical image indicates those areas where soil geochemistry is most unlikely to be an effective indicator of the gold content in the be
Slide 15: Spargoville Project Area: Aeromagnetic Image
SPARGOVILLE PROJECT AREA AEROMAGNETIC IMAGE •Highlights Mafic and Ultramafic Rocks •Strike Changes •Thrusts around Widgiemooltha Dome Aeromagnetic data delineates different rock types. Assists in geological interpretation and identifies geological breaks Note how the breaks line up with the geologic
Slide 16: Spargoville Project Area: Geology
SPARGOVILLE PROJECT AREA GEOLOGY •Thrusts around Widgiemooltha Dome •Regional Shears 16
Slide 17: Spargoville Regional Project Area
SPARGOVILLE REGIONAL PROJECT AREA TARGET AREAS INCLUDE: •Grass Roots Exploration •Follow Up on Previous Results •Advanced Exploration Combining the geology, regolith, soil geochemistry and aeromagnetic data to select targets and target areas. I am going to run through three targets to show how they
Slide 18: Central Gold Target
CENTRAL GOLD TARGET An example of a Large Gold in Soil Anomaly cut by Recent Drainage Note – The centre of the anomaly is below the alluvial filled Drainage Channel This target area,8 km in length is along strike from the Wattle Dam Gold Mine. The gold in soil geochemistry shows patchy elevated and
Slide 19: Logan's Project
LOGAN’S PROJECT Historical Gold in Soil •Inherited Databases •Elevated and Anomalous Gold along Regional Shear •A few other elevated values This project demonstrates the use made of existing data sets. Here the original soil sampling of 4650 samples analyzed for gold indicates the main trends allowi
Slide 20: Logan's Project
LOGAN’S PROJECT Gold in Soil Geochemistry •Highlights the Kunanalling Shear •Strike Changes •Gold to the East of Shear also Anomalous in Arsenic The result after collecting and analyzing for gold an additional 860 auger samples. A follow up program of 950 auger samples will be undertaken to detail t
Slide 21: Groundlark Gold Target
GROUNDLARK GOLD TARGET •Thrusts and Regional Shears along discontinuites •Gold Occurences Along Thrusts •Area of Auger Sampling Combining geological and aeromagnetic data identified east-west geological structures (thrusts) with several gold workings along these trends. Existing soil sampling covera
Slide 22: Exploration at Hilditch Nickel Project
EXPLORATION AT HILDITCH NICKEL PROJECT 22
Slide 23: Hilditch Nickel Project
HILDITCH NICKEL PROJECT • Along strike from nickel mines and deposits. •Recent intercepts of massive, disseminated and stringer nickel sulphides. Ramelius in collaboration with Trent Stehn, who holds a 10% interest in this project located nickel gossans in the north eastern sector of the tenements.
Slide 24: Hilditch Nickel Project
HILDITCH NICKEL PROJECT •Gossans •Drill Intersections > 0.3% Ni •EM Conductors This composite map shows the distribution of magnetic ultramafic units, nickel gossan locations, drill intersections greater than 0.3% nickel and EM conductors. The gossans were located by detailed sampling of ironstone r
Slide 25: Hilditch North Drilling
HILDITCH NORTH DRILLING Significant Intersections Drill Hole HRC025 – 2m @ 2.4% Ni & 0.3% Cu from 73m 1m @ 1.3% Ni & 0.1% Cu from 93m Drill Hole HRC052 – 5m @ 1.6% Ni & 0.4% Cu from 25m (Gossan up dip of HRC041) Drill Hole HRC041 – 2m @ 1.2% Ni & 0.1% Cu from 74m In addition to these intercepts ther
Slide 26: Hilditch Litho-Geochemistry
HILDITCH LITHO-GEOCHEMISTRY The geology and the geochemistry of the nickel intersections and the host rocks have been examined to •Distinguish between magmatic and remobilised sulphides •Determine the spatial distribution of the host rocks to the magmatic sulphides This Nickel verses Magnesium plot
Slide 27: Hilditch North Nickel Prospect
HILDITCH NORTH NICKEL PROSPECT Studies enable Differentiation between Remobilised and Magmatic Nickel Sulphides identifying Prospective Horizons for Targeting This diagrammatic cross section shows the spatial difference between the two style of nickel mineralisation. 27
Slide 28: Hilditch North Nickel Prospect
HILDITCH NORTH NICKEL PROSPECT This longitudinal projection shows the two styles of mineralisation and the distribution of the more favorable host ultramafic unit . A diamond drilling program is planned to test the target zone. 28
Slide 29: Black Cat Gold Project
BLACK CAT GOLD PROJECT This was the first major exploration program for Ramelius. Most of the drilling was undertaken in 2003/2004. 29
Slide 30: Major Projects
MAJOR PROJECTS • Black Cat • Spargoville Black Cat is only 35 km north west of Coolgardie and is immediately adjacent to a haul road. 30
Slide 31: Black Cat Gold Project: Black Cat Open Pit
BLACK CAT GOLD PROJECT BLACK CAT OPEN PIT Transported Looking East Bedrock The Black Cat open pit was mined by Kinver Mining NL in 2001. Bedrock in pinks and white lies below transported cover (lake sediments) . Ramelius has identified two additional gold resources. •Black Cat North. Gold enriched a
Slide 32: Black Cat Gold Project
BLACK CAT GOLD PROJECT Black Cat South 45 Resource Definition Hole Black Cat North 36 Resource Definition Holes Global Resource 290,000 tonnes @ 2.7 g/t gold for 25,000 ozs (Indicated and Inferred) Reassess and Re-optimise in light of current gold price An optimisation study undertaken in December 2
Slide 33: Outlook
OUTLOOK • WATTLE DAM GOLD MINE • COMMENCED MID MARCH 2006 • EXCEPTIONAL POTENTIAL FOR GRADE OVERCALL • CASHFLOW TO FUND EXPLORATION PROGRAM • OTHER ACTIVITIES • FOCUS ON LARGER GOLD TARGETS AT SPARGOVILLE • DRILLING DOWN PLUNGE OF NICKEL SULPHIDE INTERSECTIONS • REASSESS THE BLACK CAT GOLD RESOURCE
Slide 34: SNe ais ae Poe ee oe
SNe ais ae Poe ee oe RAMELIUS »RESOURCES 34
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