Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Paydirt Gold Conference March 2010
19 slides from Ramelius Resources's conference presentation, Mar 15, 2010
Slide 1: Ramelius Resources Limited - Positioned for Growth
RAMELIUS RESOURCES LIMITED ASX: RMS Positioned for Growth Paydirt Gold Conference March 2010 Ian Gordon CEO
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains certain forward looking statements with respect to Ramelius’ financial position, results of operations and other matters that are subject to various risks and uncertainties. Actual results, performance or achievements could be significantly diffe
Slide 3: Corporate Structure
Corporate Structure DIRECTORS: Bob Kennedy Chairman Reg Nelson Non-Executive Director Kevin Lines Non-Executive Director Joe Houldsworth Non Executive Director Ian Gordon Executive Director CEO 3
Slide 4: Strategy
Strategy Build a profitable gold company Maximise cash flow from Wattle Dam Significant drilling to extend Wattle Dam mine life Explore for large >1m oz deposits in known gold belts Look for quality acquisitions to grow the Company Focus on increasing long term shareholder value 4
Slide 5: Results Summary
Results Summary Three years of Net Profit 2007-2009 Net Profit after tax of A$4.97m in 2008/09 Production of 16,283 ounces of gold in 2008/09 Commenced underground May 2010 First underground production December 2009 Record production in December of > 20,000 ounces NPAT of A$10.1m for D
Slide 6: Wattle Dam Underground Mine
Wattle Dam Underground Mine HWE Mining appointed as underground contractor April 09 Portal and decline commenced in May 2009 First ore block development completed end of November 2009 First development ore processing completed December 2009 Stoping commenced January 2010 6
Slide 7: Stoping Blocks January to March 2010
Stoping Blocks January to March 2010 ~Ramping up 10,000t per month Open Pit 241 RL STOPING MARCH 225 RL MINED JAN-FEB 205 RL WATTLE DAM UNDERGROUND DEVELOPMENT LOOKING WEST 7
Slide 8: Wider Ore Zone
Ore Zone Wider Ore Zone Underground drilling demonstrates ore zone up to 10m wide Currently mining the eastern half of this zone New results in western 241 RL half of the zone increases tonnes and grade Best ever RC assay of 6770 g/t Au plus many assays over of 1000 g/t Au in western half of
Slide 9: Wattle Dam Grades
Wattle Dam Grades Abundant coarse gold in ore Extremely difficult to estimate grade Expected grade from mine plan is 16 g/t Production to date over 30,000oz at > 33 g/t Au Grades will fluctuate with coarse gold content in individual parcels Continued overcall in grade and gold production
Slide 10: Significant visible gold in underground ore drives
Significant visible gold in underground ore drives 10
Slide 11: Visible Gold
Visible Gold Sediment Face on 225 RL Ore Drive (Cut 6) 11
Slide 12: Ore body strike length and high grade core
Ore body has a strike length of 50m with a core of high grade 20-30m in strike by 10m wide Extensive gold veins in core of high grade zone Grade difficult to estimate and milling is the only accurate determination 12
Slide 13: Wattle Dam Gold Mine Resource Upgrade
South North Wattle Dam Gold Mine Resource Upgrade 241 Level Resource upgraded to 225 Level 226,500 tonnes at 18.0g/t 205 Level gold for 131,000 ounces Excludes development and stoping ore mined up to the end of Feb 10 est. at 30,000 oz Au Grade (ppm) Wider interpreted lode based on improved ge
Slide 14: Wattle Dam Deep Drilling
Wattle Dam Deep Drilling Deep diamond drilling completed in 2009 This drilling has defined gold mineralisation and the “mine geology” to a depth of 350m below surface Target has a small strike extent and requires high density drill pattern due to high nugget gold Significant results received
Slide 15: Showing Selected High Grade Drill Intersections
15 Showing Selected High Grade Drill Intersections
Slide 16: Exploration
Exploration Drilling targeting contacts along strike from Wattle Dam Gravity survey to further define controlling structures Trial SAM Geophysical survey completed north of Wattle Dam pit to identify prospective sediment horizon Wattle Dam Drilling underway north and south of Wattle Dam Ne
Slide 17: Where are we now?
Where are we now ? Strong board with growth strategy focussed on gold Supportive major shareholders No debt, cash and gold of approx. A$70m Milling of high grade stoping ore underway Resource upgrade delivered Cash flow positive from December 2009 No significant capital requirements mo
Slide 18: Looking Forward
Looking Forward Strong cash flows from Wattle Dam into second half 2011 Substantial drilling at Wattle Dam focussed on extending mine life Costs will be kept low, with year to date expenditure in line with our low cost strategy and budget Well positioned for growth with cash and gold of A$70
Slide 19: Competent Person Statement
The Information in this report that relates to Exploration Results is based on information compiled by Matthew Svensson. Matthew Svensson is a Member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under
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