Ramelius Resources Limited

Tim Manners Chief Financial Officer

ASX:RMS

An Australian Gold Growth Story

September 2022

OUALIFICATION

Forward Looking Statements

This presentation contains certain forward looking statements with respect to Ramelius Resources Ltd'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

The Information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Peter Ruzicka (Exploration Results), Rob Hutchison (Mineral Resources) and Paul Hucker (Ore Reserves), who are Competent Persons and Members of The Australasian Institute of Mining and Metallurgy. Peter Ruzicka, Rob Hutchison and Paul Hucker are 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". Peter Ruzicka, Rob Hutchison and Paul Hucker consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.

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.

CORPORATE SUMMARY

Corporate Structure			Gold Guidance
Market Cap ¹		A\$643M (US\$450M) @ A\$0.74 per share	FY22 Production ³	258,625oz @ AISC A\$1,523/oz (US\$1,066/oz)
A\$172.9M (US\$121M) Cash & Gold ²			FY23 Guidance ³	240,000 - 280,000oz @ AISC of A\$1,750 - 1,950/oz (US\$1,225 - 1,365/oz)
Nil (Undrawn A\$100M [US\$70M] facility) Debt ²			Mineral Resources ⁴	6.2 Moz at 30 June 2022
Major Shareholders			Ore Reserves ⁴	1.1 Moz at 30 June 2022
			Board		Management
Australia, 22.3% Institutions, Other, 63.9% North America. 36.1% 28.2% UK, 8.3% Other, 5.2%			Bob Vassie	Non-Executive Chair	Duncan Coutts	Chief Operating Officer
			Mark Zeptner	Managing Director	Tim Manners	Chief Financial Officer
			David Southam	Non-Executive Director	Peter Ruzicka	EGM Exploration
			Natalia Streltsova	Non-Executive Director	Liz Jones	GM - Mt Magnet
Broker Coverage ORD MINNETT			Fiona Murdoch	Non-Executive Director	Paul Marlow	Mine Manager - Vivien
EURØZ HARTLEYS	Capital RBC Markets			Company Secretary &	Matthew O'Hara	Mine Manager - Penny
		O MACQUARIE	Richard Jones	EGM - Legal / HR / Risk /	Tim Blyth	GM - Edna May
Amorgans	PETRA	Morgan Stanley		Sustainability	Tim Dingle	Mine Manager - Marda
$\overline{\partial}$ /Canaccord ShawandPartners Genuity an ErG company ARGONAUT					Hugh Trivett	Mine Manager - Tampia

¹As at 13 September 2022 ² As at 30 June 2022 ³ See RMS ASX Release "June 2022 Quarterly Activities Report", 28 July 2022 ⁴ See RMS ASX Release "Resources and Reserves Statement 2022", 13 September 2022 Note: A\$/US\$ exchange rate assumed 0.70

MISSION, VALUES, STRATEGY AND THE ESSENTIALS

OUR MISSION

To be a sustainable GOLD PRODUCER that focuses on delivering UPERIOR RETURNS

for stakeholders

OUR VALUES

We Empower our people $\bullet$
We achieve Fit-for-Purpose outcomes e
We Deliver and do it safely ۰
We are Authentic

PROJECT OVERVIEW - TWO PRODUCTION CENTRES IN WESTERN AUSTRALIA

1) Mt Magnet:

Mt Magnet has produced over 6Moz since mining first began in 1891 面
2.0Mt pa mill with both open pit and underground sources within 5km 量
High grade Vivien underground ore being hauled since 2016 m
High grade Penny underground ore scheduled for haulage in Q1 FY23 富

Edna May: $2)$

2.6Mt pa mill primarily fed from satellites as well as high grade UG nearby 腦
Marda open pit ore trucked 170km to Edna May since 2020 價
Tampia open pit ore trucked 140km to Edna May since 2021 m

Rebecca:

1.2Moz advanced exploration gold project 150km from Kalgoorlie ×
Acquired from Apollo Consolidated (ASX:AOP) earlier this year 朣

2022 RESOURCES & RESERVES1

Mineral Resources

130Mt @ 1.5g/t for 6.2Moz (up 15%) $\blacksquare$

$\triangleright$ Ore Reserves

18Mt @ 1.8g/t for 1.1Moz (maintain) $\blacksquare$
FY23 Resource conversion potential $\triangleright$
Rebecca (1.2Moz) m
Edna May (940koz) ٠
Hill 50 (360koz) ×
Mining Studies underway to convert $\triangleright$ Resources to Reserves

MAINTAINING MARGINS THROUGH COVID-19

Production increased year-on-year by +20% from FY15 to FY21
FY22 Actual:
258,625oz at AISC of A\$1,523/oz (US\$1,066/oz)* a,
AISC profile seeing cost pressures stemming from inflation & COVID related impacts
Sales/AISC margin still healthy at 37% for FY22
FY23 Guidance:
240,000 280,000oz at AISC of A\$1,750 1,950/oz^* m. $(US51,225 - 1,365/oz)$
A\$ gold price, whilst volatile, remains strong and we are working hard to maintain margins

KEY PROJECT UPDATES

$\sim$

PENNY - STARTING THE FIRST ORE DRIVE IN ONE OF AUSTRALIA'S HIGHEST GRADE GOLD MINES

Mineral Resources 530kt @ 17.2g/t for 290koz¹
Ore Reserve 490kt @ 15.0g/t for 230koz¹
Feasibility Study completed October 2020*
AISC of AS633/oz inflated to A\$749/oz (US\$524/oz) current
Upfront capital works largely complete
NPV_5% of A\$301M (US\$211M) @ A\$2,300/oz (US\$1,610/oz)
RR of 240%, payback of 26 months
Portal fired April 2022, first ore production Q1 FY23
Exploration drilling into Penny West and between Penny West & North planned for FY23

MT MAGNET: GALAXY (SATURN & MARS) - EXTENSIONS LIKELY

Decline rehab progressing well currently ~550m down
5 year mine plan identified initially with extensions likely
High grade BIF and lower grade bulk breccia mineralization intersected below Saturn mine plan^#
22.6m at 2.31g/t Au from 556m, ×

including 6.0m at 6.82g/t Au from 572.6m

72.9m at 1.84g/t Au from 712.1m, ×

including 25.0m at 3.83g/t Au from 718m

Recent diamond drilling results parallel to Mars~
6.0m at 25.2g/t Au from 387m in GXDD0132 (see opposite) B
6.7m at 3.16g/t Au from 288.6m п
4.7m at 5.23g/t Au from 238.6m ×
1.7m at 13.0g/t Au from 313.9m в

SOURCES OF FUTURE GROWTH

ET NIT

AVI ET

ORGANIC GROWTH - MINING/PROCESSING STUDIES#

Centre	Study Description	Next Key Date
	Hill 50 underground: Desktop Study complete, Scoping Study in progress	December 2022
	Eridanus underground: Pre-Feasibility Study, awaiting further drilling and pit deepening	TBA
Mt Magnet	Bartus East: diamond drilling ongoing, updated Mineral Resource to be estimated	December 2022
	Processing Facility Upgrade: Feasibility Study on upgrade from 2.0 to 2.5-2.7Mtpa (dependent on underground study results above)	TBA
Edna May	Stage 3 Open Pit: Pre-Feasibility Study, market to be tested for updated open pit design	December 2022
Rebecca	Updated Mineral Resource: 18,500m of 75,000m programme completed with 9,070m used in upgraded Mineral Resource estimate

MT MAGNET: HILL 50 - SCOPING STUDY

2.1Moz mined historically, Mt Magnet's largest producer
Latest Mineral Resource: 1.6Mt at 6.0g/t Au for 360koz*
Desktop Study positive based on 2022 pricing assumptions
Scoping Study update:
Mine design and schedule completed in draft
Uphole benching under paste fill mining method has been selected
Paste fill being undertaken with a 50m³/hr paste plant fed by reclaimed tailings
Ground support will include in cycle fibrecrete with dynamic support a.
Mining sequence will be end-to-end with specific lead-lag sequence between stopes
Blast pre-conditioning of small pillars will be required
Allowance made for refrigerated cooling
Benefits incorporated from Galaxy rehabilitating the upper portions of Hill 50 decline

Scoping Study results December 2022

MT MAGNET: BARTUS - UNDERGROUND POTENTIAL WITHIN 5KM OF THE MILL

Further results from recent RC and diamond drilling*:
45.6m at 10.4g/t Au from 328m, including 10.4m at 31.9g/t Au from 351m E
41.0m at 7.50g/t Au from 223m, including 4.4m at 52.9g/t Au from 234.8m m
5.4m at 8.49/t Au from 208.6m
5m at 9.46g/t Au from 127m ×
Visible gold common in deeper drill holes (below & opposite) $\triangleright$
High grade core open at depth, Mineral Resource update $\triangleright$ December 2022

REBECCA PROJECT - RESOURCE UPGRADED, EXPLORATION UPSIDE TO COME

A proven, regional-scale gold belt & Tier 1 location

150km NE from Kalgoorlie, Australia's premier gold province ×
Southern end of the +30Moz Laverton Tectonic Zone

Latest Mineral Resource~

23,000m (75,000m planned) drilled by RMS since March 2022
Only 9,070m available for resource update at 30 June 2022 ×
Mineral Resource of 31Mt @ 1.2g/t Au for 1.2Moz, up 9% ×
Indicated Resource portion up 22% with increased confidence $\overline{\mathbf{m}}$
Drilling ongoing as part of a 75,000m overall program
Recent exploration results* include
8m @ 59.31g/t from 108m in hole RCLR0997
Strong potential to extend open pit further south
Detailed project timeline being developed, PFS June 2023

INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER

Track record of generating positive (net) cash flow* from new projects
Inventory build up shown in chart as notional cashflow:
Marda: 489kt @ 1.4g/t for 22koz
Tampia: 590kt @ 1.6g/t for 30koz ×
Penny underground first ore intersected
Five assets acquired in 5 years
$1)$ Edna May: acquired 2017, already in production
$2)$ Marda: acquired 2019, in production 2020
$3)$ Tampia: acquired 2019, in production 2021
Penny: acquired 2020, in production 2022 $4)$
$5)$ Rebecca: acquired 2022, PFS June 2023

INORGANIC GROWTH - THIRD PRODUCTION CENTRE STRATEGY

1.956

Opportunity

$\blacktriangleright$

Ramelius has two production centres at Mt Magnet & Edna May, currently producing 250-280 koz per annum Strategy has been to acquire a 3^rd production centre to add scale, diversity, optionality & growth prospects

Gold or Copper/Gold
Tier 1 jurisdiction, with a preference for Australia ⋗
Producing asset, or a clear pathway to production
At or above 100 koz per annum production rate
Potential for a 10+ year mine plan
Competitive cost profile

Ideal Criteria

$\blacktriangleright$ Rebecca could meet the above criteria, but it will be ~3 years until production $\rightarrow$ 4^th Production Centre?
Additional resources added to Business Development team in engineering and geology skill sets

RAMELIUS - WELL POSITIONED FOR FY23 AND BEYOND

Operational Excellence

Balance Sheet & Use of Capital

Accretive Acquisitions

Exploration Opportunities

Near-term Catalysts

Proven management team adept in either greenfields development or refurbishment & operation of both open pit and underground mines

Strong balance sheet, disciplined approach to capital management with a focus on both growth aspirations and shareholder returns

Well placed to execute quickly on transactions, utilising reliable due diligence methodology with a match-fit team

Significant A\$25M (US\$17.5M) investment budgeted with opportunities highlighted by ongoing success at Mt Magnet and the new Rebecca project

Commence Penny & Galaxy underground production in FY23 Progress on remaining Mt Magnet & Edna May mining studies

THANK YOU

Ramelius Resources Limited ASX Code: RMS

Level 1, 130 Royal Street East Perth WA 6004

Authorised for release to the the Managing Director. For further information contact:

Investor enquiries:

Mark Zeptner Managing Director Ramelius Resources Ltd Ph: +61 8 9202 1127

Tim Manners Chief Financial Officer Ramelius Resources Ltd Ph: +61 8 9202 1127

Media enquiries:

Luke Forresta Director GRA Partners Ph: +61 411 479 144

APPENDIX 1 - 2022 MINERAL RESOURCE STATEMENT

					MINERAL RESOURCES AS AT 30 JUNE 2022 - INCLUSIVE OF RESERVES
Project	Depost	Measured			Indicated			Inferred			Total Resource
		٠	ot	oz	٠	ot.	oz	٠	at.	OZ		at	OZ
	Morning Star				4,900,000	1.9	300,000	4.300,000	15	210,000	9,200,000	1.7	510,000
	Bartus Group	49.000	2.2	4.000	110,000	2.1	8,000	240,000	1.6	12,000	400,000	19	24,000
	Boomer				1,200,000	1.8	68,000	790,000	1.0	26,000	2,000,000	15	94,000
	Briannia Well				180,000	2.0	12,000				180,000	2.1	12,000
	Brown Hill				1,100,000	1.6	59,000	490,000	12	19,000	1,600,000	15	78,000
	Bullooks				200,000	3.3	21,000	40,000	25	3,000	240,000	3.1	24,000
	Eastern Jasoite	150,000	2.2	10,000	120,000	2.8	11,000	130,000	25	11,000	400,000	25	32,000
	Edpse				170,000	2.2	12,000	41,000	2.1	3,000	210,000	22	15,000
	Eridanus	500,000	1.3	21,000	14.000,000	1.3	580,000	4,500,000	1.1	160,000	19,000,000	12	760,000
	Franks Tower				2,000,000	1.5	97,000	480,000	15	23,000	2,400,000	15	120,000
Mt Magnet	Golden Sream				150,000	2.9	14,000	67,000	12	2,700	220,000	2.4	17,000
	Golden Treasure				780,000	1.1	28,000	880,000	10	28,000	1,700,000	10	56,000
	Miky Way				820,000	1.1	29,000	1,600,000	11	57,000	2,400,000	1.1	86,000
	Onon				1,900,000	1.7	100,000	240,000	28	21.000	2,200,000	1.8	120,000
	Spearmont-Gatee							580,000	26	48,000	580,000	25	48,000
	Welcome - Baxter	220,000	1.6	11,000	280,000	1.6	15,000	200,000	1.8	11,000	700.000	1.7	37,000
	OP deposits	920.000	1.5	46,000	28.000.000	1.5	1,400,000	15,000,000	13	630,000	44,000,000	14	2,000,000
	Gaaxy UG				6,700,000	2.1	440,000	970,000	22	68,000	7,700,000	21	510,000
	Hil 50 Deeps	560,000	7.6	140,000	580,000	5.0	92,000	720,000	55	130,000	1,900,000	6.0	360,000
	Hil 60 St George	120,000 460,000	4.5 4.1	17,000	38,000 98,000	4.1 4.5	5,000 14,000	110,000	3 ₃		160,000	44 4.0	22,000
	Shannon	65.000	8.5	60,000 18,000		44	20,000		49	12,000 2,200	670,000	57	86,000
	UG deposits	1,200,000	6.0	230,000	140,000 7,500,000	2.4	580,000	14,000 1,800,000	3.6	210,000	220,000 11,000,000	3.0	40,000 1,000,000
	ROM & LG stocks	6,300,000	0.6	120,000							6,300,000	0.6	120,000
	Total Mt Magnet	8,400,000	1.5	400,000	36,000.000	1.7	1,900,000	16,000,000	1.6	840,000	60,000,000	1.6	3,200,000
	Rebecca				18,000,000	1.4	790,000	3,100,000	1.1	110,000	21,000,000	1.3	890,000
	Duchess				6,100,000	0.9	180,000	2.100,000	09	63,000	8,300,000	0.9	250,000
Rebecca	Duke				1,600,000	1.1	57,000	450,000	13	19,000	2,100,000	1.1	76,000
	Total Rebecca				26,000,000	1.2	1,000,000	5.700.000	1.0	190,000	31,000,000	12	1,200,000
	Edna May	700.000	1.6	36,000	23,000,000	1.0	690,000	7,000,000	0.9	210,000	30,000,000	1.0	940,000
Edna May	Edna May UG	140,000	5.2	23,000	110,000	4.9	17,000	39,000	53	6,600	280,000	5.1	47,000
	ROM & LG stocks	44.000	0.5	760							44.000	0.5	760
	Total Edna May	880,000	2.1	60,000	23,000,000	1.0	710,000	7,000,000	1.0	220,000	31,000,000	1.0	990,000
Vivien	Viven OP				330,000	3.5	38,000				330,000	3.5	38,000
	Vivien UG	57,000	6.3	12,000	66,000	4.4	9,500	11,000	43	1,500	130,000	52	22,000
Symes	Synes Find				570,000	1.9	35,000	39,000	12	1,500	610,000	1.9	37,000
	Golden Orb				86,000	2.5	6,900	140,000	20	8,800	360,000	24	27,000
Marda	Die Hardy				1,500,000	1.5	72,000	550,000	13	23,000	2,000,000	15	95,000
	RCM & LG stocks	490,000	1.4	22,000							490.000	1.4	22,000
	Total Marda	620,000	1.7	33,000	1,600,000	1.6	79,000	690,000	1.4	32,000	2,900,000	1.6	140,000
	Tanpia CP	1,100,000	1.8	63,000	3,400,000	1.7	180,000				4,500,000	1.7	250,000
Tampa	RCM & LG stocks	900.000	1.3	37,000							900,000	13	37,000
	Total Tampia North, West & Columbia	2,000,000	1.5	100,000	3,400,000 420,000	1.7 19.0	180,000 260,000	110,000	10.0	35,000	5,400,000 530,000	1.6 172	280,000 290,000
Penny	Total Resource	12,000,000	1.6	610,000	90.000.000	1.5	4,300,000	30,000,000	1.4	1,300,000	130,000,000	1.5	6200.000

For detailed information relating to Mineral Resources see ASX Releases (RMS) "Resources and Reserves Statement 2022", 13 September 2022.

Fgues rounded to 2significant figures. Rounding errors may occur.

APPENDIX 2 - 2022 ORE RESERVE STATEMENT

					ORE RESERVE STATEMENT AS AT 30 JUNE 2022
	Mine	Proven			Probable			Total Reserve
		П	g/t	OZ		g/t	OZ		g/t	œ
	Boomer				130,000	2.7	11.000	130,000	2.7	11,000
	Brown Hill				620,000	1.6	31.000	620,000	1.6	31,000
	Endanus				2,700,000	1.3	110,000	2,700,000	1.3	110,000
	Golden Stream				91.000	2.9	8.500	91,000	2.9	8,500
Mt Magnet	Morning Star				1,100.000	1.9	68,000	1,100,000	1.9	68,000
	Total Open Pit				4,600,000	1.5	230,000	4,600,000	1.5	230,000
	Hill 60				400.000	3.2	41,000	400,000	3.2	41,000
	Shannon				47,000	6.6	10.000	47.000	6.6	10,000
	Galaxy				2,400,000	2.6	200,000	2,400,000	2.6	200,000
	Total Underground				2,800,000	2.7	250,000	2,800,000	2.7	250,000
	ROM & LG stocks	6,300,000	0.6	120,000				6,300,000	0.6	120,000
	Mt Magnet Total	6,300,000	0.6	120,000	7,400,000	2.0 ₂	480,000	14.000,000	1.4	600,000
	Edna May UG				220,000	3.2	23,000	220,000	3.2	23,000
	ROM & LG stocks	15,000	0.9	460				15,000	0.9	460
	Edna May Total	15,000	0.9	460	220,000	3.2	23,000	230,000	3.1	23,000
Vivien	Vivien UG				110,000	4.0	15,000	110,000	4.0	15,000
	Golden Orb				66,000	2.4	5,000	66,000	2.4	5,000
	Die Hardy				790,000	1.5	38,000	790,000	1.5	38,000
	ROM & LG stocks	490.000	1.4	22,000				490,000	1.4	22,000
	Total Marda	490,000	1.4	22,000	860,000	1.6	43,000	1,300,000	1.5	65,000
Tampia	Tampia				1,300,000	2.1	88,000	1,300,000	2.1	88,000
	ROM & LG stocks	590,000	1.6	30,000				590,000	1.6	30,000
	Total Tampia	590,000	1.6	30,000	1,300,000	2.1	88,000	1,900,000	1.9	120,000
Penny	Penny North				490,000	15.0	230,000	490,000	15	230,000
	Total Reserve	7.400.000	0.7	180,000	10,000,000	2.6	880,000	18,000,000	1.8	1,100,000

For detailed information relating to Ore Reserves see ASX Releases (RMS) "Resources and Reserves Statement 2021", 13 September 2022.

APPENDIX 3 - PRODUCTION INFORMATION FROM PEER COMPANIES

Code	FY22 Production	Date	Source
NCM	1,956koz	21-Jul-22	June 2022 Quarterly
NST	1,561koz	20-Jul-22	June 2022 Quarterly
EVN	640koz	$21$ -Jul-22	June 2022 Quarterly
RRL	437koz	$26$ -Jul-22	June 2022 Quarterly
SBM	281koz	08-Jul-22	FY22 Production Update
WGX	271koz	21-Jul-22	June 2022 Quarterly
RMS	259koz	28-Jul-22	June 2022 Quarterly
SLR	$252k$ oz	$27 -$ Jul-22	June 2022 Quarterly
GOR	160koz	$06$ -Jul-22	June 2022 Production Update
CMM	118koz	07-Jul-22	June 2022 Production Update
AMI	98koz	22-Jul-22	FY22 Production Update
DCN	91koz	20-Jul-22	June 2022 Quarterly
GCY	71koz	07-Jul-22	FY22 Production Update
RED	65koz	26-Jul-22	June 2022 Quarterly

AI assistant

RAMELIUS RESOURCES LIMITED Investor Presentation 2022

65718_rns_2022-09-18_d29801ef-b8b3-4456-9c62-174dd1ca9f22.pdf

Ramelius Resources Limited

An Australian Gold Growth Story

OUALIFICATION

Forward Looking Statements

Competent Persons Statement

CORPORATE SUMMARY

MISSION, VALUES, STRATEGY AND THE ESSENTIALS

OUR VALUES

PROJECT OVERVIEW - TWO PRODUCTION CENTRES IN WESTERN AUSTRALIA

1) Mt Magnet:

Edna May: $2)$

Rebecca:

2022 RESOURCES & RESERVES1

Mineral Resources

$\triangleright$ Ore Reserves

MAINTAINING MARGINS THROUGH COVID-19

KEY PROJECT UPDATES

PENNY - STARTING THE FIRST ORE DRIVE IN ONE OF AUSTRALIA'S HIGHEST GRADE GOLD MINES

MT MAGNET: GALAXY (SATURN & MARS) - EXTENSIONS LIKELY

SOURCES OF FUTURE GROWTH

ORGANIC GROWTH - MINING/PROCESSING STUDIES#

MT MAGNET: HILL 50 - SCOPING STUDY

Scoping Study results December 2022

MT MAGNET: BARTUS - UNDERGROUND POTENTIAL WITHIN 5KM OF THE MILL

REBECCA PROJECT - RESOURCE UPGRADED, EXPLORATION UPSIDE TO COME

A proven, regional-scale gold belt & Tier 1 location

Latest Mineral Resource~

INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER

INORGANIC GROWTH - THIRD PRODUCTION CENTRE STRATEGY

RAMELIUS - WELL POSITIONED FOR FY23 AND BEYOND

Operational Excellence

Accretive Acquisitions

Exploration Opportunities

THANK YOU

APPENDIX 1 - 2022 MINERAL RESOURCE STATEMENT

APPENDIX 2 - 2022 ORE RESERVE STATEMENT

APPENDIX 3 - PRODUCTION INFORMATION FROM PEER COMPANIES

AI assistant

RAMELIUS RESOURCES LIMITED — Investor Presentation 2022

65718_rns_2022-09-18_d29801ef-b8b3-4456-9c62-174dd1ca9f22.pdf

Ramelius Resources Limited

An Australian Gold Growth Story

OUALIFICATION

Forward Looking Statements

Competent Persons Statement

CORPORATE SUMMARY

MISSION, VALUES, STRATEGY AND THE ESSENTIALS

OUR VALUES

PROJECT OVERVIEW - TWO PRODUCTION CENTRES IN WESTERN AUSTRALIA

1) Mt Magnet:

Edna May: $2)$

Rebecca:

2022 RESOURCES & RESERVES1

Mineral Resources

$\triangleright$ Ore Reserves

MAINTAINING MARGINS THROUGH COVID-19

KEY PROJECT UPDATES

PENNY - STARTING THE FIRST ORE DRIVE IN ONE OF AUSTRALIA'S HIGHEST GRADE GOLD MINES

MT MAGNET: GALAXY (SATURN & MARS) - EXTENSIONS LIKELY

SOURCES OF FUTURE GROWTH

ORGANIC GROWTH - MINING/PROCESSING STUDIES#

MT MAGNET: HILL 50 - SCOPING STUDY

Scoping Study results December 2022

MT MAGNET: BARTUS - UNDERGROUND POTENTIAL WITHIN 5KM OF THE MILL

REBECCA PROJECT - RESOURCE UPGRADED, EXPLORATION UPSIDE TO COME

A proven, regional-scale gold belt & Tier 1 location

Latest Mineral Resource~

INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER

INORGANIC GROWTH - THIRD PRODUCTION CENTRE STRATEGY

RAMELIUS - WELL POSITIONED FOR FY23 AND BEYOND

Operational Excellence

Accretive Acquisitions

Exploration Opportunities

THANK YOU

APPENDIX 1 - 2022 MINERAL RESOURCE STATEMENT

APPENDIX 2 - 2022 ORE RESERVE STATEMENT

APPENDIX 3 - PRODUCTION INFORMATION FROM PEER COMPANIES

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RAMELIUS RESOURCES LIMITED Investor Presentation 2022