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RAMELIUS RESOURCES LIMITED Investor Presentation 2021
65718_rns_2021-10-17_fac914cc-cc7b-4fa9-918b-a0ef0f946eb9.pdf
Investor Presentation
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Ramelius Resources Limited
Mark Zeptner Managing Director
Tim Manners Chief Financial Officer
ASX:RMS
RAMELIUS RECOMMENDED TAKEOVER OFFER FOR APOLLO CONSOLIDATED
APOLLO CONSOLIDATED TAKEOVER • OCTOBER 2021 1 October 2021
QUALIFICATION
Forward Looking Statements
This presentation contains certain forward-looking statements with respect to Ramelius Resources Limited's (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 gives no warranties in relation to the information and statements within this presentation.
Competent Persons Statement – Lake Rebecca Gold Project
The Information in this report that relates to Apollo Consolidated Limited's Exploration Results & Mineral Resources is based on information compiled by Nick Castleden (Exploration Results) and Brian Wolfe (Mineral Resources), who are Competent Persons and Members of The Australasian Institute of Mining and Metallurgy. Nick Castleden is a director of Apollo Consolidated and Brian Wolfe is an independent consultant to Apollo Consolidated and both 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". Nick Castleden and Brian Wolfe consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.
Apollo Consolidated 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.
CORPORATE SUMMARY
| Corporate Structure | Gold Guidance | |||||||
|---|---|---|---|---|---|---|---|---|
| Market Cap1A$1.32B @ $1.625 per share | FY21 Production3 | 272,109oz @ AISC A$1,317/oz | ||||||
| Cash & Gold2A$234.0M | FY22 Guidance3 | 260,000 –300,000oz @ AISC of A$1,425 –1,525/oz | ||||||
| Debt2Nil | Mineral Resources4 | 5.4Moz at 30 June 2021 | ||||||
| Major Shareholders | Ore Reserves4 | 1.1Moz at 30 June 2021 | ||||||
| Board | Management | |||||||
| Bob Vassie | Non-Executive Chair | Duncan Coutts | ChiefOperating Officer | |||||
| Mark Zeptner | Managing Director | Tim Manners | Chief Financial Officer | |||||
| Peter Ruzicka | EGM Exploration | |||||||
| Michael Bohm | Non-Executive Director | Liz Jones | GM -Mount Magnet | |||||
| Broker Coverage | David Southam | Non-Executive Director | Paul Marlow | Mine Manager -Vivien | ||||
| Tim Blyth | GM -Edna May | |||||||
| Natalia Streltsova | Non-Executive Director | Michael Valent | Mine Manager –Marda | |||||
| Richard Jones | Company Secretary andEGM –Legal / HR / Risk / | Hugh Trivett | Mine Manager –Tampia | |||||
| Sustainability | Matthew O'Hara | Mine Manager –Penny |
As at 15 October 2021 As at 30 June 2021 / Syndicated Facility Agreement repaid in FY21 See RMS ASX Release "June 2021 Quarterly Activities Report" on 29 July 2021 See RMS ASX Release "Resources and Reserves Statement 2021", 10 September 2021
APOLLO CONSOLIDATED OFFER
APOLLO CONSOLIDATED TAKEOVER • OCTOBER 2021 4
RAMELIUS TO ACQUIRE APOLLO CONSOLIDATED
- ➢ Ramelius to acquire Apollo Consolidated, owner of the Lake Rebecca Gold Project (Rebecca) in Western Australia, via recommended offmarket takeover offer
- ➢ Rebecca Mineral Resources of 29.1 Mt @ 1.2 g/t Au for 1.1 Moz1
- ➢ Apollo's shareholders to receive an implied Offer price of A$0.562 :
- A$0.34 in cash, plus
- 0.1375 Ramelius shares per Apollo share
- ➢ Apollo's Directors unanimously recommend Apollo's shareholders accept the Offer3
- ➢ Apollo's Directors and Management have agreed to accept the Offer (within 7 days of the Offer opening3 ) in respect of shares they own/control, representing ~11.7% and ~2.0% of Apollo shares respectively
- ➢ Ramelius has the financial capacity and operational expertise to continue expanding the Mineral Resource and develop Rebecca
KEY OFFER DETAILS
| Structure | •Ramelius to offer to acquire all the issued and outstanding ordinary shares in Apollo, by way of an off-markettakeover offer (the "Offer")•Offer unanimously recommended by Apollo Board of Directors•Directors and management have agreed to accept the offer in respect of shares they own or control(~13.7%) within 7 days of Offer opening, in the absence of a superior proposal |
|---|---|
| Offer consideration | Implied Offer price of A$0.56 per Apollo share1••A$0.34 in cash plus0.1375Ramelius shares per Apollo shareImplied value of Apollo equity of A$163 million2•Implied enterprise value of Apollo of A$128 million3• |
| Offer conditions | •Limited conditions including:‒90% minimum acceptance threshold‒No material change or prescribed occurrences‒Other customary conditions for a transaction of this type |
1 Based on 3 day VWAP of Ramelius shares of $1.60 2 Undiluted Apollo shares 3 Based on cash position last disclosed on 31 August 2021 of $34.9 million
ATTRACTIVE OFFER PREMIUMS1
BENEFITS TO APOLLO SHAREHOLDERS
| 1 | Certainty of primarily cashoffer plus optionality fromliquid Ramelius shares | Cash component A$0.34, providing Apollo shareholders with certainty of cash for 61% of total implied offer price•Ramelius encourages Apollo shareholders to retain Ramelius shares, noting their inherent liquidity (>3M/day)• |
|---|---|---|
| 2 | Reduces development risk | Apollo shareholders are currently subject to significant uncertainty and risks arising from the potential•development of RebeccaRamelius has the financial capacity and operational expertise to continue expanding the existing Mineral Resource•and optimise the development of Rebecca |
| 3 | Avoid equity dilution | Apollo shareholders will avoid the likelihood of significant equity dilution associated with future funding and•associated development of Rebecca by Apollo |
| 4 | Opportunity to become ashareholder in Ramelius | Apollo shareholders who retain Ramelius shares become shareholders in a profitable, financially strong ASX200•Australian gold producer, with established WA gold operations, a proven management team and track record ofgrowth and shareholder returnsRamelius shareholders benefit from deeper trading liquidity, enhanced scale and market positioning• |
| 5 | CGT rollover relief | Provided Ramelius acquires at least 80% of Apollo's ordinary shares under the Offer, capital gains tax rollover•relief will be available to Apollo shareholders on the scrip portion of the Offer |
STRATEGIC RATIONALE FOR RAMELIUS
| 1 | Addition of high-qualitydevelopment asset | Ramelius' long-term strategy is to continue achieving growth and create shareholder value through•acquiring assets that are either in production (e.g. Edna May) or have significant potential to becomeoperations in their own right (e.g. Marda, Tampia and Penny)The addition of a high quality exploration development asset such as Rebecca is highly•complementary to Ramelius' portfolio of operations |
|---|---|---|
| 2 | Accelerate year-on-yearproduction growth | Since 2015, Ramelius has achieved over 20% year-on-year production growth, with production•guidance for FY22 between 260,000-300,000 ouncesRebecca has the potential to further drive this production growth into the future• |
| 3 | Opportunity to develop a newmining hub for Ramelius | Ramelius believes that Rebecca represents a highly attractive opportunity to ultimately develop a•greenfields mining operation in one of the world's premier gold mining jurisdictionsRebecca's existing 1.1Moz Mineral Resource provides a strong platform to pursue development of an•operation which fits Ramelius' criteria in terms of scale and asset quality |
| 4 | Major exploration upside | The geological prospectively across the Rebecca tenement package offers the potential to continue•expanding the existing Resource, with a view to significantly extending mine life |
LAKE REBECCA GOLD PROJECT – OVERVIEW
- ➢ Based in a proven, regional-scale gold belt
- ➢ Tier 1 location
- 150km north-east from Kalgoorlie, in Australia's premier gold province
- Southern end of the +30Moz Laverton District
- Access to first-class regional infrastructure
- ➢ Rebecca, Duke and Duchess Deposits
- Pit-constrained +1.1Moz Mineral Resource estimate, 74% Indicated category
- Rebecca deposit the 840koz 'jewel in the crown'
- Duke and Duchess deposits provide operational flexibility
- ➢ Exploration upside
- Under-explored area, unlocking discoveries with improved geological understanding
- Exploration to drive future Resource growth
- Recent Cleo discovery opens new exploration front in mafic geology, distinct from granite-hosted mineralisation at Rebecca, Duke and Duchess
Indicated and Inferred Resource*
| Deposit | Tonnes | Grade (g/t) | Ounces | ||
|---|---|---|---|---|---|
| Rebecca | 20,400,000 | 1.3 | 840,000 | ||
| Duchess | 6,850,000 | 0.9 | 195,000 | ||
| Duke | 1,900,000 | 1.1 | 65,000 | ||
| Total | 29,100,000 | 1.2 | 1,105,000 |
REBECCA DEPOSIT UNDERPINS COMMERCIAL POTENTIAL OF THE PROJECT
➢ Outstanding single pit, robust and open gold deposit
- Rebecca Resource estimate: 20.4Mt @ 1.3g/t Au for 840koz, including Indicated of 13.6Mt @ 1.5g/t for 640koz
- Resource estimate is conservative due to only being reported within optimised pit shell @ A$2,250/oz
➢ Strong metallurgical results
- Stacked, strike continuous mineralised structures to 30m true width plus higher grade zones, points to >90% recovery
- Drilling at 25m x 50m spacing provides strong geological and Resource confidence
➢ Growth potential
- Recent drilling results such as 10m @ 7.68g/t and 7.4m @ 4.70g/t1 exhibit potential to increase Resource within optimised pit shell
- Ramp-up of deeper diamond drill exploration for higher grade mineralisation outside of the optimised pit shell may unlock future underground potential
STUDIES JUST STARTING, WITH EXCEPTIONAL EXPLORATION POTENTIAL
- ➢ 815,000oz Indicated MRE supports robust potential mining scenarios
- Preliminary evaluation work initiated
- Results to feed into engineering and mine planning options
- ➢ Additional technical studies underway including:
- Environmental studies field flora & fauna work in progress
- Metallurgy (>90% recoveries to date) with 6 x HQ diamond holes completed
- Engineering options analysis, 1st pass practical pit design & scheduling
- TSF and site design preliminary layouts
- Hydrology with 6 x dedicated RC water monitor bores, cased & flow tested
- ➢ Promising results from regional targets, including the Cleo discovery
- Multiple structural and geochemical targets remain untested below transported, leached cover materials
- Ongoing infill drilling at the Cleo discovery (1.5km from Rebecca) to transition to Resource status, including hits of 38m @ 2.0g/t Au, 2m @ 9.39g/t Au, 5m @ 3.76g/t Au, 5m @ 4.24g/t Au in anomalous zones of 115m @ 0.51g/t Au1
- Exploration drilling to continue search for new shallow / higher grade material over >6km trend to supplement existing MRE
1 See AOP ASX Release, "Strong Gold Intercepts at Cleo and Duchess", 31 August 2020 & ''Cleo Discovery Continues to Take Shape'', 9 November 2020
THANK YOU
Ramelius Resources Limited ASX Code: RMS
Level 1, 130 Royal Street East Perth WA 6004
Authorised for release to the ASX by the Managing Director. For further information contact:
Ramelius Contacts Investor enquiries:
Mark Zeptner Managing Director Ramelius Resources Ltd Ph: +61 8 9202 1127
Apollo Contacts Nick Castleden Managing Director Apollo Consolidated Ltd Ph: +61 8 6368 1195
Tim Manners Chief Financial Officer Ramelius Resources Ltd Ph: +61 8 9202 1127
Media enquiries:
Nick Howe Senior Consultant GRACosway Ph: +61 407 183 221
Michael Vaughan Executive Director Fivemark Partners Ph: +61 422 602 720
APPENDIX 1 – RAMELIUS 2021 MINERAL RESOURCE STATEMENT
| MINERAL RESOURCES AS AT 30 JUNE 2021 - INCLUSIVE OF RESERVES | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Project | Deposit | Measured | Indicated | Inferred | Total Resource | ||||||||
| ŧ | g/t | oz | ť. | git | oz | ŧ | glt | œ | ŧ | g/t | OZ | ||
| Moming Star | 4.900.000 | 1.9 | 300,000 | 4.300.000 | 1.5 | 210,000 | 9.200.000 | 17 | 510.000 | ||||
| Bartus Group | 49.000 | 22 | 4.000 | 110,000 | 21 | 8.000 | 240,000 | 1.6 | 12,000 | 400.000 | 1.9 | 24.000 | |
| Boomer | 1,200,000 | 1.8 | 68,000 | 790,000 | 1.0 | 26,000 | 2.000.000 | 1.5 | 94.000 | ||||
| Britannia Well | 180,000 | 20 | 12,000 | 180,000 | 21 | 12000 | |||||||
| Brown Hill | 1,100,000 | 1.6 | 59,000 | 490,000 | 1.2 | 19,000 | 1,600,000 | 1.5 | 78.000 | ||||
| Bullocks | 200.000 | 3.3 | 21,000 | 40,000 | 2.5 | 3.000 | 240,000 | 31 | 24,000 | ||||
| Eastern Jasoille | 150,000 | 22 | 10.000 | 120,000 | 2.8 | 11,000 | 130,000 | 2.5 | 11,000 | 400.000 | 25 | 32000 | |
| Eclipse | 170,000 | 2.2 | 12,000 | 41,000 | 2.1 | 3,000 | 210,000 | 22 | 15,000 | ||||
| Eridanus | 980,000 | 1.1 | 35.000 | 14.000.000 | 1.3 | 580,000 | 4,000,000 | 1.0 | 130,000 | 19,000,000 | 1.2 | 750,000 | |
| Franks Tower | 2000.000 | 1.5 | 97,000 | 480,000 | 1.5 | 23,000 | 2.400.000 | 1.5 | 120,000 | ||||
| Golden Stream | 150,000 | 29 | 14,000 | 67,000 | 1.2 | 2.700 | 220,000 | 24 | 17,000 | ||||
| Golden Treasure | 780,000 | 1.1 | 28,000 | 880,000 | 1.0 | 28,000 | 1.700.000 | 1.0 | 56.000 | ||||
| MtM agnet Lone Pine | 490.000 | 1.3 | 21,000 | 390,000 | 1.7 | 21,000 | 870.000 | 1.5 | 42.000 | ||||
| Milky Way | 820,000 | 1.1 | 29,000 | 1,600,000 | 1.1 | 57,000 | 2,400,000 | 1.1 | 86,000 | ||||
| Orion | 1,900,000 | 1.7 | 100,000 | 240,000 | 28 | 21,000 | 2.200.000 | 1.8 | 120,000 | ||||
| Spearmort-Gatee | 580,000 | 26 | 48.000 | 580,000 | 26 | 48.000 | |||||||
| Welcome - Baxter | 220,000 | 1.6 | 11,000 | 280.000 | 1.6 | 15,000 | 200,000 | 1.8 | 11,000 | 700.000 | 17 | 37.000 | |
| Open Pit deposits | 1.400.000 | 1.3 | 60.000 | 29,000,000 | 1.5 | 1,400,000 | 14,000,000 | 1.3 | 620,000 | 45,000,000 | 14 | 2,100,000 | |
| Galaxy UG | 7,000,000 | 2.1 | 470,000 | 1,500,000 | 20 | 93,000 | 8,500,000 | 21 | 560,000 | ||||
| Hill 50 Deeps | 280,000 | 5.5 | 49.000 | 930,000 | 7.0 | 210,000 | 400,000 | 6.4 | 81,000 | 1.600.000 | 66 | 340,000 | |
| Hill 60 | 310.000 | 3.7 | 36,000 | 160,000 | 3.3 | 17,000 | 30,000 | 2.0 | 2,000 | 500.000 | 34 | 56,000 | |
| Moming Star Deeps | 190.000 | 4.2 | 26,000 | 330,000 | 5.0 | 53,000 | 530.000 | 47 | 79.000 | ||||
| Shannon | 56,000 | 19.2 | 35.000 | 57.000 | 5.4 | 9.800 | 18,000 | 5.0 | 3,000 | 130,000 | 11.2 | 47.000 | |
| UG deposits | 640,000 | 5.8 | 120,000 | 8,300,000 | 2.7 | 730,000 | 2 200,000 | 3.2 | 230,000 | 11,000,000 | 30 | 1,100,000 | |
| ROM & LG stocks | 4.200.000 | 0.6 | 84.000 | 4.200.000 | 0.6 | 84,000 | |||||||
| Total Mt Magnet | 6.300.000 | 1.3 | 260,000 | 37,000,000 | 1.8 | 2 100,000 | 17.000,000 | 1.6 | 850,000 | 60.000.000 | 17 | 3,200,000 | |
| Edna May | 23 000.000 | 1.0 | 730,000 | 7.000.000 | 1.0 | 230,000 | 30.000.000 | 1.0 | 960.000 | ||||
| Edna May UG | 290,000 | 4.3 | 40,000 | 36,000 | 5.2 | 6,000 | 320,000 | 44 | 46,000 | ||||
| Edna May | Greenfinch | 970,000 | 0.9 | 29,000 | 520,000 | 0.8 | 14,000 | 1,500,000 | 0.9 | 43,000 | |||
| ROM & LG stacks | 600,000 | 0.5 | 8.900 | 600,000 | 0.5 | 8.900 | |||||||
| Total Edna May | 600.000 | 0.5 | 8.900 | 24 000 000 | 1.0 | 800,000 | 7,600,000 | 1.0 | 240,000 | 33.000.000 | 1.0 | 1,100,000 | |
| Vivien | Vivien UG | 250.000 | 6.1 | 48.000 | 240.000 | 5.1 | 40,000 | 88,000 | 3.7 | 11,000 | 580.000 | 53 | 99.000 |
| Symes | Symes Find | 570,000 | 1.9 | 35,000 | 39,000 | 1.2 | 1.500 | 610.000 | 1.9 | 37.000 | |||
| Dolly Pot | 340,000 | 17 | 18,000 | 47,000 | 1.6 | 2.400 | 390.000 | 1.7 | 21,000 | ||||
| Python | 340,000 | 1.7 | 18,000 | 180,000 | 1.8 | 10,000 | 520,000 | 17 | 28,000 | ||||
| Marda | Golden Orb | 380.000 | 29 | 35,000 | 200,000 | 1.7 | 11,000 | 580,000 | 25 | 47.000 | |||
| King Brown | 110,000 | 4.3 | 15,000 | 49,000 | 1.8 | 2.800 | 150,000 | 35 | 17,000 | ||||
| Die Hardy | 1,500,000 | 1.5 | 72,000 | 550,000 | 1.3 | 23,000 | 2,000,000 | 1.5 | 95,000 | ||||
| ROM & LG stacks | 350.000 | 1.7 | 19,000 | 350,000 | 1.6 | 19,000 | |||||||
| Total Marda | 360,000 | 1.6 | 19,000 | 2700,000 | 1.9 | 160,000 | 1,000,000 | 1.5 | 50,000 | 4.000.000 | 1.8 | 230,000 | |
| Tampia | Tampia | 390.000 | 24 | 31.000 | 7.700.000 | 1.7 | 420,000 | 130,000 | 1.8 | 7,400 | 8.200.000 | 17 | 460,000 |
| Perry | North, West & M agenta | 7.900.000 | 420.000 | 19.0 | 260,000 | 200,000 | 6.6 | 42,000 | 620.000 | 15.0 | 300,000 | ||
| Total Resource | 1.5 | 370.000 | 73 000.000 | 1.6 | 3.800,000 | 26.000.000 | 1.5 | 1,200,000 | 110.000.000 | 1.6 | 5.400.000 | ||
| Figures rounded to 2 significant figures. Rounding errors may occur. |
For detailed information relating to Mineral Resources see ASX Releases (RMS) "Resources and Reserves Statement 2021", 10 September 2021.
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.
APPENDIX 2 – RAMELIUS 2021 ORE RESERVE STATEMENT
| ORE RESERVE STATEMENT AS AT 30 JUNE 2021 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Project | Mine | Proven | Probable | Total Reserve | |||||||
| ŧ | g/t | 0Z | t | g/t | oz | f | g/t | 0Z | |||
| Boomer | 130,000 | 2.7 | 11,000 | 130,000 | 2.7 | 11,00 | |||||
| Brown Hill | 620,000 | 1.6 | 31,000 | 620,000 | 1.6 | 31,00 | |||||
| Eridanus | 3,900,000 | 1.3 | 160,000 | 3.900.000 | 1.3 | 160,00 | |||||
| Golden Stream | 91.000 | 2.9 | 8.500 | 91.000 | 2.9 | 8.50 | |||||
| Mt Magnet | Moming Star | 1,100,000 | 1.9 | 68.000 | 1,100,000 | 1.9 | 68,00 | ||||
| Total Open Pit | 5,800,000 | 1.5 | 280,000 | 5.800.000 | 1.5 | 280,00 | |||||
| Hill 60 | 290.000 | 32 | 31.000 | 110,000 | 3.2 | 12.000 | 410,000 | 3.2 | 43,00 | ||
| Shannon | 160,000 | 72 | 37,000 | 16,000 | 3.8 | 1,900 | 180,000 | 6.9 | 39,00 | ||
| Total Underground | 190,000 | 5.9 | 36,000 | 470.000 | 3.7 | 55.000 | 660,000 | 4.3 | 91,00 | ||
| ROM & LG stocks | 4.200.000 | 0.6 | 84.000 | 4.200.000 | 0.6 | 84.00 | |||||
| Mt Magnet Total | 4.700.000 | 1.0 | 150,000 | 6,000,000 | 1.5 | 290.000 | 11.000.000 | 1.3 | 440.00 | ||
| Edna May | Edna May UG | 380,000 | 3.2 | 40.000 | 380,000 | 3.2 | 40,00 | ||||
| Greenfinch | 200,000 | 1.2 | 7,800 | 200,000 | 1.2 | 7,80 | |||||
| ROM & LG stocks | 600.000 | 0.5 | 8.900 | 600.000 | 0.5 | 8.90 | |||||
| Edna May Total | 600.000 | 0.5 | 8,900 | 590,000 | 2.5 | 47,000 | 1,200,000 | 1.5 | 56.00 | ||
| Vivien | Vivien UG | 180,000 | 5.1 | 30,000 | 180,000 | 5.1 | 30,00 | ||||
| Dolly Pot | 100,000 | 1.6 | 5,300 | 100,000 | 1.6 | 5.30 | |||||
| Python | 38,000 | 3.8 | 4.600 | 38.000 | 3.8 | 4,60 | |||||
| Golden Orb | 290,000 | 2.7 | 25,000 | 290,000 | 2.7 | 25.00 | |||||
| King Brown | 65.000 | 3.9 | 8.100 | 65.000 | 3.9 | 8.10 | |||||
| Die Hardy | 790,000 | 1.5 | 38,000 | 790,000 | 1.5 | 38,00 | |||||
| ROM & LG stocks | 360.000 | 1.7 | 19.000 | 360,000 | 1.6 | 19,00 | |||||
| Total Marda | 360,000 | 1.6 | 19,000 | 1,300,000 | 2.0 | 82,000 | 1.600.000 | 1.9 | 100,00 | ||
| Tampia | Tampia | 3,000,000 | 2.4 | 230.000 | 2.500.000 | 2.7 | 230,00 | ||||
| Penny | Penny North & Magenta | 500,000 | 14.0 | 230,000 | 500,000 | 14.0 | 230.00 | ||||
| Total Reserve | 5,600,000 | 1.0 | 180,000 | 11,000,000 | 2.5 | 910,000 | 17,000,000 | 2.0 | 1,100,00 |
For detailed information relating to Ore Reserves see ASX Releases (RMS) "Resources and Reserves Statement 2021", 10 September 2021.
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.
