RAMELIUS RESOURCES LIMITED — Investor Presentation 2015

Feb 24, 2015

25 February 2015 For Immediate Release

RIU EXPLORERS CONFERENCE PRESENTATION

Ramelius Resources Limited advises that Chief Executive Officer, Mark Zeptner will deliver the attached presentation at the RIU Explorers Conference to be held in Perth today.

For further information contact:

Mark Zeptner Chief Executive Officer Ph: 08 9202 1127

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Ordinary Shares: 468M
DIRECTORS
Chairman:
Robert Kennedy
Non-Executive Directors:
Kevin Lines
Michael Bohm
CHIEF EXECUTIVE OFFICER:
Mark Zeptner
www.rameliusresources.com.au
info@rameliusresources.com.au
RAMELIUS RESOURCES LIMITED
Registered Office
Suite 4, 148 Greenhill Road
Parkside, Adelaide
South Australia 5063
Tel +61 8 8271 1999
Fax +61 8 8271 1988
Operations Office
Level 1, 130 Royal Street
East Perth WA 6004
Tel 08 9202 1127
Fax 08 9202 1138
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Ramelius Resources Limited ASX:RMS RIU Explorers Conference – February 2015

Forward Looking and Competent Persons Statements

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Forward Looking Statements

This presentation contains certain forward looking statements with respect to Ramelius’financial condition, results of operations, production targets and other matters that are subject to various risks and uncertainties. Actual results, performance or achievements could be significantly different from those expressed in or implied by those forward looking statements. Such forward looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that are beyond the control of Ramelius that may cause actual results to differ materially from those expressed in the forward looking statements contained herein. Ramelius Resources Limited gives no warranties in relation to the information and statements within this presentation.

Competent Persons Statement

The Information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Kevin Seymour (Exploration Results), Rob Hutchison (Mineral Resources) and Mark Zeptner (Ore Reserves), who are Competent Persons and Members of The Australasian Institute of Mining and Metallurgy. Kevin Seymour, Rob Hutchison and Mark Zeptner are full-time employees of the company. and have sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Kevin Seymour, Rob Hutchison and Mark Zeptner consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.

Production Targets

Production targets presented for Vivien and Kathleen Valley projects contain Inferred Resources. For details covering the Mineral Resource and Ore Reserve classifications and proportions relating to the production targets refer to slide 29. Further evaluation work and appropriate studies are required to establish sufficient confidence that this target will be met.

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Corporate Summary

Board & Management

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Robert Kennedy, Non Executive Chairman

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Mark Zeptner,

Chief Executive Officer

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Kevin Lines,

Non Executive Director

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Mike Bohm,

Non Executive Director

Share Price v Gold Index

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Capital Structure (as at 31 Jan 15)

	Shares on Issue	468.8M
	Market Cap	A$63.3M
	Cash & Gold	A$26.6M
	Corporate Debt	Nil
	Enterprise Value	A$36.7M
	6 Month Trading Range	A$0.04 - $0.14

	Significant Shareholders(as at 31 Jan 15)	Significant Shareholders(as at 31 Jan 15)
	Sprott Asset Management	7.2%
	Board & Management	2.8%
	Dimensional Fund Advisors	1.5%

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Peer Comparison

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All-In Sustaining Cost (AISC)
H1 FY2015 ($A/oz)
1,500
1,400
1,300
1,200
1,100
1,000
900
800
700
600
500
Dec-14 Qtr Sep-14 Qtr Dec-14 Qtr Average (incl. NCM) RMS Mar-15 Qtr Guidance
^ Translated at average quarterly exchange rate
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• ^ Translated at average quarterly exchange rate

• ~ Reported AISC for the first time in Sep-14 @ Calculated using Au_Eq as the denominator % New Zealand operations only

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Strategy

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1. Be profitable in a low gold price environment 2. Discover a high margin asset over next 2 years

3. Strong focus on capital management

• AISC represents All-In Sustaining Costs as per the World Gold Council guidance

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Forward Gold Sales

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RMS Forward @ A$1,582/oz
5 year average A$1,473/oz
2 year average A$1,426/oz
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Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Operations & Development Projects

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Mt Magnet Gold Mine	Mt Magnet Gold Mine
Capacity	1.7Mtpa
Resource	1.9Moz
Reserve	326koz
Life	4 years
Capex	A$1.5Mpa
C1 Cost	A$1,280/oz
AISC	A$1,320/oz
UCF*	A$54M
Burbanks Treatment Plant
Capacity	180ktpa
C&M	Dec 2014
Options	Toll treatment
Available	& leasing

Mt Magnet Gold Mine			Kathleen Valley Project
Capacity 1.7Mtpa			Resource 163koz
Resource 1.9Moz			Reserve 56koz
Reserve 326koz			Life 1.5 years
Life 4 years			Capex A$1.5M
Capex A$1.5Mpa			AISC A$936/oz
C1 Cost A$1,280/oz			UCF A$27.8M*
AISC A$1,320/oz
			Vivien Gold Project
UCF A$54M*
			Resource 184koz
			Reserve 101koz
			Life 3 years
Burbanks Treatment Plant
			Capex A$16.3M
Capacity 180ktpa
			C1 Cost A$766/oz
C&M Dec 2014
			AISC A$990/oz
Options Available Toll treatment & leasing
			UCF A$37.1M*

*Undiscounted Cash Flow @ A$1,500/oz

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Operations - Mt Magnet Gold Mine

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
Focus on Saturn and Mars
Hill 50 shaft
↑Current pit open pits in FY15
Mars Pit

N Saturn pit
Final pit design
Perseverance
Pit
Filled Current pit
stope

Mars pit
100t fleet
BIF lode design
Saturn Pit

BIF lode Transition to Percy pit for FY16
50t fleet design
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Galaxy open pits with resource model blocks

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Operations - Mt Magnet Gold Mine

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Mt Magnet Milled Tonnes & Head Grade

Mt Magnet Gold Production & Costs

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800,000 2.00 25,000 2,000
WQS pit SAG mill
700,000 22,500 repairs Ball mill 1,800
1.75 motor
20,000 1,600
600,000
17,500 1,400
1.50
500,000
15,000 1,200
400,000 1.25 12,500 1,000
10,000 800
300,000
1.00
7,500 600
200,000
5,000 400
0.75
100,000
2,500 200
0 0.50 - -
Milled Tonnes (LHS) Head Grade (RHS) Fine Gold Production (oz) - LHS C1 - Cash Cost (A$/oz) - RHS AISC (A$/oz) - RHS
Milled Tonnes (t) Head Grade (g/t) Costs (A$/oz)
Gold Production (oz)
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Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Operations - Mt Magnet Gold Mine

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• Checker Gold Mill – capacity of 1.7Mtpa, highly competitive $20/t operating cost

• Pipeline of open pit & underground mines:

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• Planned to deliver Vivien / Kathleen Valley ore for treatment at Checker

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Development - Vivien Project

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 1st July 14 - Acquisition completed  10th July 14 - Permitting approvals received  Oct 14 - Updated financials via contract tenders  Q4 FY2015 - Project commencement expected Magazine Ore Pad Dewatering Dam UG Power Wall cutback UG Portal Vivien Lode	Physicals May 2014 Oct 2014 Relative Variance
	Mine Life 3 years 3 years Unchanged
	Mineral Resource 184koz2 184koz2 Unchanged
	Mining Inventory 109koz3 109koz3 Unchanged
	Grade 7.6 g/t 7.6 g/t Unchanged
	Recovery 95.0% 95.0% Unchanged
	Recovered Ounces 104koz 104koz Unchanged
	Financials BFS May 2014 Tenders Oct 2014 Relative Variance
	Up Front Capital A$20.5M A$16.3M -20% 
	C1 Cash Cost A$800/oz A$766/oz -4% 
	Royalties A$120/oz A$120/oz Unchanged
	AISC A$1,000/oz A$990/oz -1% 
	Total Cost (incl. Up Front) A$1,200/oz A$1,148/oz -4% 
	Cash Flow @ A$1,400/oz not published A$26.7M 
	Cash Flow @ A$1,500/oz not published A$37.1M 

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Development - Vivien Project

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Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Development - Vivien Project

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Vivien has one of the highest grade Ore Reserves in Australia

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Underground Gold Mines – Ore Reserves & Grade
2,500
Bubble Size = FY15 Production Guidance (oz)
2,000
SBM - Gwalia
1,500
1,000
EVN - Cracow
MLX - Higginsville
EVN - Pajingo NST - EKJV
500 NST - Kanowna SLR - Mt Monger "
0 DRM - Andy Well
RSG - Ravenswood UML - Henty
RMS - Vivien
(incl. Mt Wright) ~ NST - Plutonic
KCN - Challenger SAR - Red October
(500)
1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00
Reserve Grade ^ (g/t)
Reserves ^ (koz)
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• ^ Reflects latest published Ore Reserve statement

• Assumed 50.5koz (101koz evenly split over a two year period commencing FY15)

• ~ Pro-rata FY15 production guidance using FY14 actual production

• “ Mt Monger operations include Wombola Dam. Ore Reserves based on JORC 2012 compliant Ore Reserves as at June 2014

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Development - Kathleen Valley Project

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• 1[st] Sep 2014 - Acquisition completed

• Mineral Resource of 130,000oz

• Nov 2014 - Infill drilling completed

• Jan 2015 - Upgraded Mineral Resource (↑24%)

• ⁴

• 1,814,000t @ 2.8g/t for 163,000oz

• Jan 2015 - Maiden Ore Reserve

• ⁵

• 418,000t @ 4.1g/t for 56,000oz

• Pre-Feasibility metrics

• Up-front Capital A$1.7M

• AISC of A$940/oz

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Development - Kathleen Valley Project

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12m @ 2.5 g/t
7m @ 5.1 g/t
7m @ 3.2 g/t
10m @ 6.1 g/t
3m @ 6.8 g/t
Mossbecker resource, pit design and recent RMS RC holes
5m @ 8.5 g/t
4m @ 3.3 g/t 6m @ 6.9 g/t
12m @ 8.1 g/t
5m @ 8.5 g/t
Yellow Aster resource, pit design and recent RMS RC holes
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• Mossbecker open pit

• 321,000t @ 4.1g/t for 42koz

• Nil pre-strip, ore from surface, 65m deep pit

• Strip ratio 6:1

• 50t trucking fleet (similar to Coogee)

• Yellow Aster open pit

• 97,000t @ 4.4g/t for 14koz

• 70m deep pit

• Strip ratio 16:1

• Mined after Mossbecker reaches 25m depth

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Development – Kathleen Valley Project

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Nil Desperandum Main Rd pit Mossbecker Yellow Aster Kathleen Valley – looking south
	Physicals Ore Reserve January 2015
	Mine Life 1.5 years
	Mineral Resource 163koz4
	Ore Reserve 56koz5
	Grade 4.1 g/t
	Recovery 95.0%
	Recovered Ounces 53koz
	Financials BFS February 2015
	Up Front Capital A$1.5M
	C1 Cash Cost A$925/oz
	AISC A$936/oz
	Total Cost (incl. Up Front) A$975/oz
	Cash Flow @ A$1,400/oz A$22.7M
	Cash Flow @ A$1,500/oz A$27.8M

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Production Targets[*]

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 Assumes commencement of Vivien & Kathleen Valley gold projects in Q4 FY2015

• Combines with Mt Magnet to produce a 4 year profile using primarily Ore Reserves (97%)

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RMS – Group Production Profile
140,000
Yellow Aster
120,000
100,000
Mossbecker
80,000 Coogee
Kathleen 5
3
Vivien
60,000
1
Saturn Morning Mt Magnet
& Percy Morning Star Star,
40,000
Mars & & O’Meara
Brown Hill Boomer &
Golden
20,000
Stream
0
FY2015 FY2016 FY2017 FY2018
Ounces
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• Vivien and Kathleen Valley production targets contain Inferred Resources. Refer slide 29 for further details.

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Exploration - Projects

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Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Exploration – Blackmans (WA)

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• Secured 100% ownership of Blackmans ML in Sep 2014

• Strategic location, 30km nth of Checkers Mill at Mt Magnet

• High grade supergene gold intersections from maiden Ramelius drilling programme

 Better RC intersections include:

• 9m at 31.9 g/t Au

• 25m at 7.61 g/t Au

• 13m at 8.27 g/t Au

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Exploration – Blackmans (WA)

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• West Lode + East Lode Long Sections

• Central splay links lodes 30m apart (offset as shown below)

• 22 x Infill plus 4 deeper RC drill holes below East Lode recently completed (2,000m)

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Exploration – Blackmans (WA)

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 West Lode cross section

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Exploration – Blackmans (WA)

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 East Lode cross section

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Exploration – Coogee (WA)

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• Encouraging anomalous reconnaissance drill intersection 600m west of Coogee Open Pit

• Suggested parallel mineralised corridor associated with deeper buried intrusive – as depicted from aeromagnetic data

• Anomalous intersection of 23m at 0.38 g/t Au from 42m in CORC0016

• Regional RAB/Aircore traverses recently drilled (~1,000m) and awaiting results

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Exploration – Fraser Range (WA)

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• Coincident magnetic & gravity anomaly within Albany–Fraser Province

• RC drill hole failed to penetrate through Eucla Basin cover

• Magnetic modelling identifies target ~200mbs

• Planning to re-enter the 177m deep RC hole to test the target with a diamond tail

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• Drilling scheduled for March 2015

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Exploration – Tanami JV (NT)

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• Farm-in JV secured over 1,700km[2] of prospective geology – earn-in 85%

• Under-explored and within 100km of Newmont’s 4.5Moz Callie Gold Mine and Granites Treatment Plant

• Walk-up Callie-style drill targets within granted Suplejack EL

• Suplejack RC drilling rescheduled for 2015 field season (late March 2015) after inclement weather prevented access before Xmas 2014

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Exploration – Timeline

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Active Exploration Program

Project Area	Feb-15 Mar-15 Apr-15 May-15 Jun-15
Brownfields Blackmans - Mt Magnet (WA) Coogee (WA) Kathleen Valley - Expl. (WA) Mount Magnet - Expl. Targets (WA) Greenfields Fraser Range (WA) Tomalla (NSW) Eungella, Yandan & Auburn (Qld) Suplejack - Tanami JV (NT) Tanami JV Applications (NT)
	Drilling Resource and Reserve modelling
	Drilling Results assessment Targeting/Review Site prep Drilling Assessment Targeting/Review Site prep Drilling Assessment Site prep Drilling Results assessment Heritage Drilling Results assessment
	EPM Grant Rock Chip & Soil sampling
	Drilling Results assessment
	Heritage EL Grant Rock Chip & Soil sampling

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Summary - The Investment Case

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Australian +80kozpa gold producer in a strong financial position to progress near term, high grade development projects

Operations

Upside Capital Position

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Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Thank you

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Contact details:

• Mark Zeptner – Chief Executive Officer

• Phone – +61 8 9202 1127

• Email – reception@rameliusresources.com.au

• Website – www.rameliusresources.com.au

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Production Targets, Mineral Resources and Ore Reserve Note

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¹ All Mt Magnet Production targets are based on current Ore Reserves. For detailed information relating to Mt Magnet Mineral Resources and Ore Reserves see ASX release (RMS) 3 Sept 2014, ‘Resources and Reserves Statement’.

² For detailed information relating to Vivien Mineral Resources see ASX release (RMS) 3 Sept 2014, ‘Resources and Reserves Statement’.

³ Vivien Production Target based on Ore Reserves plus a small proportion of Inferred Mineral Resource (7% oz). For detailed information relating to Vivien Mining Inventory and Ore Reserve see ASX release (RMS) 30 May 2014, ‘Vivien Gold Mine Feasibility Completed’. Further evaluation work and appropriate studies are required to establish sufficient confidence that this target will be met.

⁴ For detailed information relating to Kathleen Valley Mineral Resources see ASX release (RMS) 19 Jan 2015, ‘Maiden Ore Reserve boosts Kathleen Valley Gold Project’.

⁵ Kathleen Valley production target based on Ore Reserves plus a small proportion of Inferred Mineral Resource (8% oz). For detailed information relating to the Ore Reserve see ASX release (RMS) 19 Jan 2015, ‘Maiden Ore Reserve boosts Kathleen Valley Gold Project’. Further evaluation work and appropriate studies are required to establish sufficient confidence that this target will be met.

The Company confirms that it is not aware of any new information or data that materially affects the information included in this presentation and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Mineral Resource Statement

	MINERAL RESOURCES AS AT 30 JUNE 2014 - INCLUSIVE OF RESERVES	MINERAL RESOURCES AS AT 30 JUNE 2014 - INCLUSIVE OF RESERVES	MINERAL RESOURCES AS AT 30 JUNE 2014 - INCLUSIVE OF RESERVES	MINERAL RESOURCES AS AT 30 JUNE 2014 - INCLUSIVE OF RESERVES	MINERAL RESOURCES AS AT 30 JUNE 2014 - INCLUSIVE OF RESERVES
	Deposit	Measured	Indicated	Inferred	Total Resource
		Tonnes Au Au ('000s) g/t Oz	Tonnes Au Au ('000s) g/t Oz	Tonnes Au Au ('000s) g/t Oz	Tonnes Au Au ('000s) g/t Oz
	Galaxy MorningStar	1,266 1.7 69,000	6,984 2.0 451,000 1,765 1.8 103,000	4,501 1.3 185,000 4 1.4 -	12,751 1.7 705,000 1,770 1.8 103,000
	Total major deposits	1,266 1.7 69,000	8,749 2.0 554,000	4,505 1.3 185,000	14,520 1.7 808,000
	Bartus Group Boomer Britannia Well Bullocks Eastern Jaspilite Eclipse Golden Stream Hill 60 Lone Pine O'Meara Group Shannon Spearmont - Galtee Stellar Welcome - Baxter	49 2.2 4,000 146 2.2 10,000 199 2.5 16,000 94 2.5 8,000 160 2.1 11,000 222 1.6 11,000	115 2.1 8,000 1,194 1.8 68,000 179 2.0 12,000 202 3.3 21,000 121 2.8 11,000 167 2.2 12,000 154 2.9 14,000 277 1.7 15,000 231 2.5 18,000 35 2.5 3,000 25 2.9 2,000 87 1.9 5,000 276 1.6 15,000	238 1.6 12,000 786 1.0 26,000 40 2.5 3,000 134 2.5 11,000 41 2.1 3,000 7 1.7 - 309 4.6 46,000 147 1.7 8,000 151 1.5 7,000 42 2.6 3,000 207 4.3 28,000 59 1.8 3,000 198 1.8 11,000	402 1.8 24,000 1,980 1.5 94,000 179 2.0 12,000 242 3.2 25,000 401 2.4 32,000 208 2.1 14,000 160 2.8 15,000 309 4.6 46,000 623 1.9 38,000 383 2.1 26,000 170 2.5 14,000 232 4.1 31,000 306 2.0 19,000 696 1.7 37,000
	Total satellite deposits	869 2.1 60,000	3,063 2.1 204,000	2,359 2.1 161,000	6,291 2.1 425,000
	Hill 50 Deeps Morning Star Deeps Saturn UG St George UG Water Tank Hill UG	279 5.5 49,000 110 4.9 17,000	932 7.0 209,000 195 4.2 26,000 149 4.2 20,000 229 6.6 49,000	396 6.4 81,000 334 5.0 53,000 1,607 2.5 127,000 42 4.0 5,000 89 4.9 14,000	1,607 6.6 339,000 528 4.7 79,000 1,607 2.5 127,000 302 4.4 42,000 318 6.1 63,000
	Total UG deposits	390 5.3 66,000	1,504 6.3 304,000	2,468 3.5 280,000	4,362 4.6 650,000
	WesternQueen South		104 3.6 12,000	81 3.4 9,000	185 3.5 21,000
	Mt Magnet Stockpiles	113 1.1 4,000	890 0.6 17,000	- -	1,003 0.7 21,000
	Mt Magnet Total	2,638 2.3 199,000	14,310 2.4 1,091,000	9,413 2.1 635,000	26,361 2.3 1,925,000
	Mossbecker Yellow Aster/Nils D		182 3.2 19,000 282 25 23000	338 4.0 44,000 638 21 44000	520 3.8 63,000 920 23 67000
	. Kathleen Valley Total		. , 464 2.8 42,000	. , 976 2.8 88,000	. , 1,440 2.8 130,000
	Coogee Vivien		31 3.6 4,000 499 8.8 141,000	65 3.3 7,000 306 4.4 43,000	96 3.4 11,000 805 7.1 184,000
	Other Deposits Total		530 8.5 145,000	372 4.2 50,000	902 6.7 195,000
	Total Resources	2,638 2.3 199,000	15,304 2.6 1,278,000	10,761 2.2 773,000	28,702 2.4 2,250,000
	Note: Figures rounded to neares

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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Ore Reserve Statement

	ORE RESERVE STATEMENT AS AT 30 JUNE 2014	ORE RESERVE STATEMENT AS AT 30 JUNE 2014	ORE RESERVE STATEMENT AS AT 30 JUNE 2014
	Proven	Probable	Total Reserve
	Tonnes Au Au ('000s) g/t Oz	Tonnes Au Au ('000s) g/t Oz	Tonnes Au Au ('000s) g/t Oz
Galaxy Pits Saturn Mars Titan Perseverance Brown Hill Morning Star Cutback Morning Star Satellite Pits Boomer Lone Pine O'Meara Golden Stream Underground Water Tank Hill St George Stockpiles	204 1.8 12,000 176 2.0 11,000 667 1.4 30,000 73 3.6 8,000 113 1.1 4,000	170 1.7 9,000 426 2.0 28,000 483 1.4 21,000 597 2.5 48,000 109 2.6 9,000 478 2.8 43,000 132 2.9 12,000 258 1.8 15,000 46 3.4 5,000 95 3.0 9,000 176 6.5 37,000 86 3.0 8,000 890 0.6 17,000	374 1.8 21,000 603 2.0 39,000 1,150 1.4 51,000 597 2.5 48,000 109 2.6 9,000 478 2.8 43,000 132 2.9 12,000 258 1.8 15,000 46 3.4 5,000 95 3.0 9,000 176 6.5 37,000 159 3.3 16,000 1,003 0.7 21,000
Mt Magnet Total	1,234 1.6 65,000	3,945 2.1 261,000	5,179 2.0 326,000
Vivien		400 7.9 101,000	400 7.9 101,000
Total Reserves	1,234 1.6 65,000	4,345 2.6 362,000	5,579 2.4 427,000

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For detailed information relating to Mt Magnet Ore Reserves see ASX release (RMS) 3 Sept 2014, ‘Resources and Reserves Statement’. No material change has occurred.

Note: Figures rounded to nearest 10,000 tonnes, 0.1 g/t and 1,000 ounces. Rounding errors may occur.

Pit	Category	Ore Reserve t g/t oz
Mossbecker Yellow Aster	Probable Probable	321,000 4.1 42,000 97,000 4.4 14,000
Total		418,000 4.1 56,000

For detailed information relating to Kathleen Valley Mineral Resources see ASX release (RMS) 19 Jan 2015, ‘Maiden Ore Reserve boosts Kathleen Valley Gold Project’.

Ramelius Resources Limited • RIU Explorers Conference - February 2015

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