RAMELIUS RESOURCES LIMITED — M&A Activity 2021

Dec 1, 2021

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2 December 2021
ISSUED CAPITAL
Ordinary Shares: 854M
DIRECTORS
NON-EXECUTIVE CHAIRMAN:
Bob Vassie
MANAGING DIRECTOR:
Mark Zeptner
NON-EXECUTIVE DIRECTORS:
Michael Bohm
David Southam
Natalia Streltsova
Fiona Murdoch
COMPANY SECRETARY:
Richard Jones
www.rameliusresources.com.au
ramelius@rameliusresources.com.au
RAMELIUS RESOURCES LIMITED
Registered Office
Level 1, 130 Royal Street
East Perth, WA 6004
Tel +61 8 9202 1127
PO Box 6070
East Perth, WA 6892
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2 December 2021

EXTENSION OF OFFER PERIOD

Ramelius Resources Limited ( ASX:RMS ) (“ Ramelius ”, “ the Company ”) refers to its off-market takeover offer (“ the Offer ”) to acquire all of the ordinary shares of Apollo Consolidated Limited ( ASX:AOP ) (“ Apollo ”) of $0.34 in cash plus 0.1778 Ramelius shares for each Apollo share.

As at the time and date of this announcement, Ramelius holds a relevant interest in 85.52% of Apollo shares.

EXTENSION OF OFFER PERIOD

Ramelius intends to extend Offer period to 7.00pm (Sydney time) on 17 December 2021 .

Formal extension documentation will be lodged shortly.

ACCEPTANCE FORM

Should you require an acceptance form for the Offer please contact the Offer Information Line on 1300 396 032 (within Australia) or +61 3 9415 4100 (from outside of Australia), Monday to Friday between 8:30am to 5:30pm (AEDT).

MORE INFORMATION ON THE OFFER

Apollo shareholders can receive further information on the Offer by calling the Offer Information Line on 1300 396 032 (within Australia) or +61 3 9415 4100 (from outside of Australia), Monday to Friday between 8:30am to 5:30pm (AEDT).

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For further information contact:

Investor enquiries:

Media enquiries: Jason Marocchi

Mark Zeptner

Tim Manners

Chief Financial Officer Managing Partner Ramelius Resources Ltd GRA Partners Ph: + 61 8 9202 1127 Ph: +61 421 005 765

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

About Ramelius Resources Limited

Ramelius Resources Limited (ASX:RMS) is a Western Australian gold producer that has been listed on the ASX since 2003 and in production since 2006. Ramelius owns and operates the Mt Magnet, Edna May, Vivien, Marda, Tampia and Penny gold mines, all of which are located in Western Australia.

Ore from the high-grade Vivien underground mine, located near Leinster, is hauled to the Mt Magnet processing plant where it is blended with ore from both underground and open pit sources at Mt Magnet. The Penny project is currently under development with first ore in late FY22.

The Edna May operation is currently processing high grade underground ore, low grade stockpiles, as well as ore from the satellite Marda and Tampia open pit mines.

Ramelius reported excellent financial and operational performance for Financial Year 2021. The Company reported Net Profit after Tax of A$127M, the seventh consecutive annual profit, with a fully franked dividend of A$0.025 per share paid to eligible shareholders. As of 30 September 2021, Ramelius had A$273.9M in cash and gold, with no debt.

The financial performance was achieved on the back of production of 272,109 ounces of gold at an AISC of A$1,317/oz for the year. Further to this, Ramelius has forecast to produce 260,000 - 300,000 ounces of gold at an AISC of A$1,425 - $1,525/oz for the 2022 Financial Year.

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Figure 1: Ramelius’ Operations & Development Project Locations

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