RAMELIUS RESOURCES LIMITED — Investor Presentation 2005

Jul 26, 2005

RAMELIS RESOURCES ED

MNNG& EXPLORATION TO DRIVE SUCCESS JULY 2005

GOMPANY STRATEGY

MINING & EXPLORATION

• Ramelius' focus is on the discovery of major gold & semi-precious metal resources at their 280km2 Spargoville tenement holdings.

• The discovery of smaller, high grade gold deposits will provide added cash flows for the company and finance an aggressive exploration program in 2005/06

• The company's Wattle Dam resource is likely to result in a low risk, high grade open cut mining operation commencing late 2005.

. The vote of confidence by a major Canadian institution is a major step forward for Ramelius as it commences production.

GAPITAL STRUGTUR

(As at 30 atme 2005)

Showing Effect of Sprott Placement

ISSUED CAPITAL

67,682,941 fully paid ordinary shares 29,019,083 options (18.687c) Expire 31st Dec 07

TOPHENSHAREHORDERS		$\mathcal{Y}_0$
Beach Petroleum Ltd	13,400,002	19.8
(Sprott Asset Management)	8,666,666	ipa:]
Mandurang Pty Ltd	3,148,600	27
Joseph Fred Houldsworth	2,620,000	39
Aurelius Resources Pty Ltd	1.627.727	2.2
HFT Nominees Pty Ltd Super Fund	1,200,000	1.8
Dovido Pty Ltd	759.151	1 M
Pitt Capital Partners Ltd	745,734	11
RBC Global Services Australia Nominees Pty Ltd	500,000	07
Warman Investments Pty Ltd	500,000	10 Z
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VANAGE VIENERAV

BINE TONS 523 BOB KENNEDY (CHAIRMAN) JOE HOULDSWORTH (MANAGING DIRECTOR)

• REG NELSON (NON EXECUTIVE DIRECTOR)
• COMPANY MANAGEMENT & CONTRACTORS DOM FRANCESE (CFO)
  • GORDON DUNBAR (CONSULTING GEOLOGIST)
  • ALAN RUDD (GOLDFIELDS EXPLORATION MANAGER)
  • MATTHEW SVENSSON (PROJECT GEOLOGIST)
• YVONNE WEISSGERBER (TENEMENT MANAGER) 12 O M (25)
  • ADEIAIDE ADMINISTRATION OHIOI PERTH-OPEATIONS OF KOM

EXPLORATION PROGRAM RG DRILLING AT HILDITCH

SPARGOVILLE REGIONAL PROJECT AN A

$280$ km2 in area 30 kms strike length of the gold belt: S WATTLE DAM GOLD PROJECT Resource Delineated at 7800N Prospect. Advanced and Routine Exploration programmes. S HILDITCH NICKEL PROJECT Nickel and gold drill targets at Hilditch. NORTH WIDGIEWOOL THA GOLD RIGHTS Anomalous Gold in bed-rock over 10 kms. IOCANS/IZRANVIELE COIDEROISE

Hosts the prospective Kunanalling Shear

SPARGOVIEES REGIONAL PROJECT AREA

280 km2 in area

30 kms strike length of the gold belt:

B WATTLE DAW GOLD PROJECT

Resource Delineated at 7800N Prospect.

Advanced and Routine Exploration programmes.

S HILDITCH NICKEL PROXECT

Massive Nickel Sulphide Intersected

» NORTH WIDGIEMOOLTHA GOLD RIGHTS

Anomalous Gold in bed-rock over 10 kms.

LOCANS/LARKINVIER COLDEROLOGI

Hosts the prospective Kunanalling Shear

SPARCOVILLE REGIONAL GOLD IN SOIL GEOCHEMISTRY

• ANOMALOUS GOLD HIGHLIGHTS THE SPARGOS REWARD STEAR

NOTE: CHANGES IN THE STRIKED RECTION

• KUNANULLING SHEAR LIES ADIAGENTIOANOMARQUS GOLD

WATHLE DAM: Gold

BGOBBRESOURGEDENTITION

▶ Spectacular High Grade mineralisation intercepts including:

. 1m at 953g/t gold from 57m.

● 14m at 20.1g/t gold from 0m.

● 10m at 66.5g/t gold from 9m.

• The results from the recent 10mx10m drilling program are likely to significantly enhance the net cash flows from a mining operation

ADVANCED EXPLORATION

6 ZOODN PROSPECT

A SSIDNEDROS DEGE

WATH #DAM 7800N PROSECT VINE ZALKE DZA DN

ZAUCN PROSEECT NERA ISEDZONE

A Resource Estimate of 155,000 tonnes $@$ 3.3 g/t gold {cut} for 16,500 ounces gold to a depth of approximately 70 metres.

• Mining and metallurgical studies have commenced.

.Recent results will likely significantly improve overall grade

WATHE SYNY 7800N DEVELOPVENTSIUDI

METALLURGIGAL I ESTWORK

• Free Milling Gravity Recovery Potential
• Recoveries 83% to 96% at a Coarse Grind

OPERATING COSTS . Mining - Open cut, high grades from surface .Low risk operation

OPEN PIT OPTIMISATION STUDY

• . Toll Treatment Mainly Free Digging Robust Return Negotiations commenced regarding toil treatment FNARONMENTAL
  • . Flora & ethnographic studies completed

SEARCOVIEE REGIONAL PROJECT AREA

280 km2 in area

30 kms strike length of the gold belt:

E WATTLE DAM GOLD PROJECT

Resource Delineated at 7800N Prospect.

Advanced and Routine Exploration programmes.

S HLDITCH NICKEL PROJECT

Massive Nickel Sulphide Intersected

» NORTH WIDGIEMOOLTHA GOLD RIGHTS

Anomalous Gold in bed-rock over 10 kms.

LOCANS/LARKINVIER COLDEROLOGI

Hosts the prospective Kunanalling Shear

RECENTLY COMPLETED RC DRILLINGTO:

GOOPE THE EXTENT OF NICKEL MINERALISATION AT NORTH EASTEROSPECT

• TEST NICKEL & PLATINUM GOSSANS AT CENTRAL PROSMEOT

(EM) conductors in the south west Resolved the geology to identify targets favourable for nickel sulphide deposits.

Electro-Magnetic

Priority target is convergence of Ultramafic units at the modelled position of the $\blacksquare$ \ conductor

BIACK CAT GOLD

Black Cat South Resource 255,000 tonnes @ 2.7 g/t gold (inferred and indicated) BIack Cat North Resource 35,000 tonnes at 2.7 glt gold (inferred and indicated) School Resource

290,000 tonnes @ 2.7 git gold

ROYALIY NI HAVASIS

SANDSTONE - Troy Resources N.L. $\left(\frac{1}{2}\right)^{n}$

SIBERIA - Siberia Mining Corporation Ltd. Gold & Nickel Laterite

EUCALYPTUS - GME Resources Ltd. Nickel Laterite

JEDJUDINA - Sons of Gwalia Ltd. Cole

BULONG - Yilgarn Gold Ltd.

$|G\delta/|G|$

· SPARGOS REWARD- Breakaway Resources Ltd. $\langle G(t) | \sigma \rangle$

OUTLOOK

Hiedholen Noken

• SCOPING DRILLING OF NICKEL SULPHDE INTERSECTIONS AND COSSANS
• O DETAILED GEOLOGICAL STUDY OF HILDITCH AREA IN PROGRESS

WATHEEDAM (GOLD)

• COMMENCE MINING OPERATIONS BY YEAR END
• OASHELOWS FROM MINING TO FUND AGGRESSIVE EXPLORATION PROGRAM
• WATHE DAM RESOURCE FAS EXCEPTIONAL POTENTIAL FOR GRADE OVERCALL
• SPARGOVILLE TENEMENTS HAVE THE POTENTIAL TO YIELD A MAJOR (1m) Oz+) GOLD DEPOSIT.
• A OTHER ACTIVITIES
• THOGUS ON LARGER TARGETS WITHIN THE SPAREOVILLE AREA