RAMELIUS RESOURCES LIMITED — Investor Presentation 2003

Nov 20, 2003

Corporate Strategy

• To establish an early revenue stream from low risk/ low cost advanced projects to help fund the ongoing exploration and development of the company's major projects
• To maintain a portfolio of developing projects in highly prospective gold belts
• To focus on projects that are strategically located for low cost exploration and development, transport, access to and availability of several treatment plants and mining services

COMPANY OVERVIEW

DIRECTORS $\bullet$

BOB KENNEDY (CHAIRMAN)

JOE HOULDSWORTH (MANAGING DIRECTOR)

REG NELSON (NON EXECUTIVE DIRECTOR)

© COMPANY MANAGEMENT

JOE HOULDSWORTH (MANGING DIRECTOR)

GORDON DUNBAR (CONSULTANT)

DOM FRANCESE (COMPANY SECRETARY)

EXAMPLED CAPITAL

36,284,002 fully paid ordinary shares 23,190,750 options (20 c) exp 31 Dec 07

$\bullet$ MARKET CAP (@ $0.17c) - $6 MILLION

Strategic Locations in Highly Prospective Gold Belts

RAMELIU!

Black Cat Development Area First Resource Identified

● 250,000 Tonnes at 2.7g/t gold (21,700 ounces) indicated and inferred at Black Cat South.

RAMELIU

• Additional ground acquired with resource potential
• ©On Granted mining leases

Black Cat South - Section 5000E Showing Resource Blocks

RAMELIU

Potential For Major Gold Resource At Gnarlbine

• Large project area of approx. $230$ Km2
• Example 12 Located in well- mineralised greenstone belt
• Two large geochemical targets: ∙©∴
  • Canyon anomaly partially drilled with bedrock gold values to 2 g/t
  • $\rightarrow$ Triton anomaly yet to be drilled
• $\bullet$ High equity 75 to 100%

Spargoville Regional Project

• Major Exploration Project
• First time in 40 years that the key 30 kms of the gold belt under majority control
• Approx. 50 km from Coolgardie treatment plants via sealed road

● High equity 75 to 100%

ADVANCED GOLD PROJECTSRAMELIL
	CURRENTRESOURCES	POTENTIAL
BLACK CAT	$>25,000$ ozs	$50 - 100,000$ ozs
WATTLE DAM	$>40,000$ ozs	$50 - 100,000$ ozs
NORTH WIDGIE		$100 - 250,000$ ozs
GNARLBINE		$100 - 500,000$ ozs
TOTAL	> 65,000 ozs	$300 - 950,000$ ozs