Ramelius Resources (RMS) RIU Explorers Conference 2026 summary

Strategic vision and growth

• Targeting over 500,000 ounces of gold production per annum by FY 2030, with a current market cap of AUD 8.5 billion and cash/gold holdings of AUD 694 million as of December 2025.

• Five-year plan outlines 170% production growth, fully funded pipeline, and focus on shareholder returns.

• Long-term production rate targeted at 525,000 ounces per annum with AUD 1 billion free cash flow annually from FY30 at AUD 4,500/oz.

• Aims to move from 12th to 5th in peer production and cost rankings without requiring additional resource discoveries.

• Capital plan includes Mt Magnet mill expansion (AUD 223 million) and Rebecca-Roe infrastructure (AUD 340 million).

Exploration and resource development

• Committed to an AUD 80–100 million exploration program, with 12 surface rigs and 4 underground rigs active.

• High-grade drill results at Never Never (13m at 38.4g/t Au), Penny (0.8m at 77.1g/t Au), and Cue (7.47m at 35.8g/t Au).

• Dalgaranga's Never Never ore body delivering grades over double the reserve grade, with production commencing ahead of schedule.

• Dalgaranga corridor identified as a 6km trend with multiple high-grade targets and ongoing drilling.

• Exploration at Penny, Cue, Galaxy, and Dalgaranga, with FY26 spend of AUD 10–19 million per project.

Operational performance and project pipeline

• Producing 195,000 ounces annually at an all-in sustaining cost of about AUD 1,800, maintaining high margins.

• Mt Magnet Ore Reserves increased 210% to 3.1Moz; Never Never underground maiden Ore Reserve of 1.6Moz at 7.3g/t.

• Dalgaranga ramp-up and Mt Magnet mill upgrade to 4.3Mtpa capacity by September 2027.

• Rebecca-Roe construction to complete by December 2028, entering production in FY30.

• Mt Magnet hub to deliver 360,000 ounces per annum long-term at AISC of AUD 1,860/oz.