#1Ramelius Resources Limited Mark Zeptner RAMELIUS RESOURCES Managing Director ASX:RMS Macquarie Western Australia Forum November 2023#2QUALIFICATION 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), Jake Ball (Mineral Resources) and Paul Hucker (Ore Reserves), who are Competent Persons and Members of The Australasian Institute of Mining and Metallurgy. Peter Ruzicka, Jake Ball and Paul Hucker 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, Jake Ball 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. Peter Ruzicka, Jake Ball and Paul Hucker are employees of the company. 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 MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 2#3CORPORATE SUMMARY Corporate Structure Market Cap¹ A$1.8B @ A$1.585 per share Gold Guidance FY23 Production² Cash & Gold³ A$259.2M FY24 Guidance² Debt³ Nil (Undrawn A$100M facility) Mineral Resources4 Major Shareholders Ore Reserves4 240,996oz @ AISC of A$1,895/oz 250,000-275,000oz @ AISC of A$1,550 - 1,750/oz 7.6Moz at 30 June 2023 (excludes 0.927Moz5 Cue Gold Project) 0.93 Moz at 30 June 2023 Australia, 25.7% Board Bob Vassie Management Non Executive Chair Duncan Coutts Chief Operating Officer Other, 37.7% Institutions, 62.3% North America, 23.1% UK, 8.2% Other, 5.4% Broker Coverage EUROZ HARTLEYS Capital Markets RBC Amorgans ShawandPartners PETRA ^ CAPITAL an EFG company ARGONAUT RAMELIUS RESOURCES ORD MINNETT MACQUARIE cg Canaccord Genuity Capital Markets 1 As at 27 November 2023 2 See RMS ASX Release "June 2023 Quarterly Activities Report", 27 July 2023 3 As at 30 September 2023 4 See RMS ASX Release "Resources and Reserves Statement 2023", 14 September 2023 5 See MGV ASX Release "Cue Mineral Resource Increases to 927,000 ounces", 31 May 2022 Mark Zeptner David Southam Natalia Streltsova Fiona Murdoch Colin Moorhead Richard Jones Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Company Secretary & EGM - Legal / HR / Risk/ Sustainability Liz Jones Tim Manners Peter Ruzicka Chief Financial Officer EGM Exploration GM Mt Magnet Paul Marlow Greg Rawlinson Tim Dingle Hugh Trivett Mine Manager - Penny GM Edna May Mine Manager - Marda Mine Manager - Tampia/Symes MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 | 3#4PROJECTS - TWO PRODUCTION CENTRES AND ONE DEVELOPMENT PROJECT 1) Mt Magnet: Mt Magnet has produced over 6Moz since mining first began in 1891 2.0Mt pa mill with both open pit and underground sources within 5km High grade Penny underground ore trucked 160km to Mt Magnet High grade Cue project to be developed 40km north of Mt Magnet 2) Edna May: 2.6Mt pa mill primarily fed from satellites as well as high grade UG nearby Marda open pit ore trucked 170km to Edna May since 2020 Tampia open pit ore trucked 140km to Edna May since 2021 200km WESTERN AUSTRALIA CUE MT MAGNET Leinster Mount Magnet Geraldton PENNY Laverton Leonora REBECCA MARDA ROE EDNA MAY Kalgoorlie Bullfinch Coolgardie Westonia Southern Cross SYMES Norseman PERTH Narembeen TAMPIA Symes open pit ore trucking 120km to Edna May recently commenced ➤ Rebecca/Roe: Combined 3.1Moz Mineral Resource¹ advanced exploration gold project 100-150km from Kalgoorlie Location Bunbury Esperance Albany Ramelius Production Centres Mine/Development Projects Haulage Direction RAMELIUS ¹See RMS ASX Release "Resources and Reserves Statement 2023", 14 September 2023 RESOURCES MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 4#52023 RESOURCES & RESERVES¹ Mineral Resources Historical Resources 160Mt @ 1.5g/t for 7.6Moz 8,000 Ore Reserves 7,000 2,200 18Mt @ 1.6g/t for 0.93Moz FY24 Resource conversion priorities Rebecca/Roe (3.1Moz) Cue (927koz)² Bartus (202koz) Penny (70koz)³ Future Resource conversion potential Edna May Stage 3 (940koz) ■Eridanus Underground (730koz) Hill 50 (360koz) Mineral Resources (koz Au) 6,000 5,000 4,000 3,000 4,900 4,300 3,800 2,000 953 762 3,000 2,700 2,119 1,000 1,262 1,448 172 118 610 256 0 240 380 370 530 2016 2017 2018 2019 2020 2021 2022 2023 Measured Indicated Inferred 1,300 1,200 1,400 1,200 1,100 RAMELIUS RESOURCES 1See RMS ASX Release "Resources and Reserves Statement 2023", 14 September 2023 2See MGV ASX Release "Cue Mineral Resource Increases to 927,000 ounces", 31 May 2022 ³See RMS ASX Release "Penny Gold Mine Update", 15 September 2023 MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 5#6FINANCIAL METRICS - 5 YEAR TREND (A$) 352.8 460.6 Revenue ($M) 634.3 631.3 603.9 106.8 Cash & bullion balance ($M) 185.5 234.0 172.9 272.1 Working capital² ($M) 111.8 100.5 212.8 165.6 293.1 FY 19 FY 20 FY 21 FY 22 FY 23 FY 19 FY 20 FY 21 FY 22 FY 23 FY 19 FY 20 FY 21 FY 22 FY 23 22.4 Underlying NPAT¹ ($M) 120.9 106.8 73.0 75.3 21.8 NPAT ($M) 126.8 113.4 12.4 Dividend history 5.0 4.5 4.0 3.5 3.0 61.6 2.5 2.0 1.5 2.5 2.0 1.0 1.0 0.5 1.0 FY 19 FY 20 FY 21 FY 22 FY 23 FY 19 FY 20 FY 21 FY22 FY 23 80.0 71.6 70.0 TTTT 60.0 50.0 40.0 30.0 2.0 20.0 10.0 FY 19 FY 20 FY 21 FY 22 FY 23 Cumulative return ($M) RAMELIUS RESOURCES 1 Underlying NPAT has been adjusted for impairment charges, asset sales, and other and one-off items, see Financial Statements released today for reconciliation 2 Working capital is current assets less current liabilities MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 | 6#7A$ per ounce AISC FORECAST - DELIVERING ON INCREASED MARGINS 3,000 2,800 2,600 2,400 2,200 10 Year AISC margin Guidance# 48% 41% 27% A$1,129/oz A$1,373/oz 2,000 1,800 37% 42% 1,600 42% 1,400 28% 28% 29% 31% 1,200 1,000 2016 2017 2018 2019 2020 ■AISC 2021 2022 2023 2024(F)# 2025(F)# Gold price FY23 group gold production 240,996oz at AISC A$1,895/oz AISC expected to reduce as commercial levels of production from Penny are sustained into FY24 AISC margins are forecast to expand in both FY24 & 25 FY24 group gold production Guidance 250-275koz at AISC A$1,550 - 1,750/oz ➤ FY24 capital/development expenditure A$50 - 60M RAMELIUS RESOURCES #The AISC Guidance is based on the mid-point of the Guidance ranges, from RMS ASX Release "June 2023 Quarterly Activities Report", 27 July 2023 for 2024(F)# and from RMS ASX Release "3 Year Production Outlook & Study Update", 14 November 2022 for 2025(F)#. The gold price is based on the forward gold sales book as at 30 June 2023 and a spot price of A$2,880/oz. MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 7#8RB 2023 M&A ACTIVITY#9DELIVERING ON STRATEGY - BREAKER & MUSGRAVE ACQUIRED OUR MISSION To be a sustainable GOLD PRODUCER that focuses on delivering SUPERIOR RETURNS for stakeholders OUR VALUES We Empower our people • We achieve Fit-for-Purpose outcomes • We Deliver and do it safely • We are Authentic RAMELIUS RESOURCES OUR STRATEGIC PRIORITIES Assurance Internal Control 1 Feed Existing Hubs Business Continuity Risk Management 2 Acquire Third Hub Ramelius Essentials 3 Ramp Up Greenfields Sustainability Compliance Health & Safety 4 Grow Capability 5 Do the Essentials 3333 IIII Our culture is defined by a 'fit-for-purpose' and 'can-do' attitude MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 9#10ROE GOLD PROJECT - OVERVIEW Tier 1 location ~100km east from Kalgoorlie, in Australia's premier gold province Southern end of the Keith - Kilkenny Tectonic Zone Bombora & Crescent - Kopai deposits 1.7Moz Mineral Resource (32Mt @ 1.6g/t Au)* Bombora deposit - the 1.5Moz 'jewel in the crown' Lake Roe Project - synergies with Rebecca 50km southwest of Rebecca, connected by station and Shire roads Complementary open pit and underground potential that allows for optimisation through production scheduling 6750 000 m 400 000 Location LARKIN PROJECT Menzies 10 Ramelius becomes the dominant landholder in the region between Carosue Dam & Mt Monger with 3.1Moz in Mineral Resources FY24 Approved Drill Plan ~17,000m of RC & diamond drilling in three phases, now underway First assay results imminent, updated Mineral Resource early 2024 RAMELIUS RESOURCES 0999 *See RMS ASX Release "Resources and Reserves Statement 2023", 14 September 2023 Ramelius Project Breaker Resources NL Major Gold Mine Gold Deposit Highway Road Regional Fault Greenstone Beit Granitoid Kalgoorlie To Perth Porphyry Keith Kilkenny Tectonic Zone Carosue Dam Sunrise, Dam 530 000mE Red October YINDI PROJECT ton Tectonic 25km MGA Zone 51 KIRGELLA JV (Ramelius Eorning 75%) REBECCA Kanowna Belle REBECCA PROJECT LAKE ROE PROJECT 4 LAKE ROE 132 Rebecca MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 10#11CUE GOLD PROJECT - OVERVIEW Tier 1 location 40km north of the town of Mt Magnet in WA 5km from the Great Northern Highway Cue Gold Project Mineral Resources¹ Totals 12.3Mt @ 2.3g/t Au for 927koz, includes: Break of Day High-Grade 982kt @ 10.4g/t Au for 327koz Au Moyagee Western Trend with 9.8Mt @ 1.7g/t for 541koz Au Musgrave Stage 1 PFS completed² Gold production 337,000 ounces, initial life of 5 years 6 open pits - 2.0Mt @ 4.3g/t for 269,900oz mined 1 underground - 0.48Mt @ 4.8g/t for 75,200oz mined High margin, fast payback Mt Magnet South early stage exploration opportunities MT MAGNET REGION CYPRIUM JV NW 000 0969 ■Location EVOLUTION JV Break of Day & Moyagee Trend Resource: 868koz Au 6 860 000mN Cue CUE GOLD PROJECT 20km 30km 40km 10km Mt Magnet Resource: 3.2Moz Au Checkers Processing Plant Mount Magnet 560 000mE 193 Mt Magnet MT MAGNET SOUTH 20km MGA Zone 50 Ramelius Project Musgrave Minerals Ltd Cyprium JV Evolution JV Major Gold Mine Gold Deposit Haul Road Great Northern Highway Major Road Geology: GSWA 1:500 000 620 000mE RAMELIUS ¹See MGV ASX Release "Cue Mineral Resource increases to 927,000 ounces", 31 May 2022 2See MGV ASX Release "Stage 1 PFS demonstrates potential value of Cue Gold Project", 17 April 2023 RESOURCES MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 ||#12RB KEY PROJECT UPDATES#13PENNY - IN FULL PRODUCTION & RESOURCE EXTENSIONS DELIVERED 47 600mN PENNY UNDERGROUND MINE 2023 48 200mN North Penny West Pit Mineral Resources - 430kt @ 18.3g/t for 250koz¹ Ore Reserve - 480kt @ 14.0g/t for 210koz¹ ➤ Stoping well underway, multiple fronts open ➤ Haulage now matching mine production UG drilling producing excellent results to date Updated Mineral Resources² Penny North - 320kt @ 28 g/t for 290koz Penny West 120kt @ 7.6 g/t for 30koz Total 440kt @ 22 g/t for 320koz 28% increase from 30 June 2023 Resource Statement Updated Mine Plan and Ore Reserve completed by the end of calendar 2023 South 1.9m @ 3.45g/t Au 1.3m @ 57.5g/t Au 100mbs 1.3m @0.45g/t Au 1.1m @ 16.2g/t Au Below Surface Portal PENNY NORTH RESOURCE Drill Cuddy 4.9m @4.37g/t Au 3.9m @8.55g/t Au [email protected]/t Au 2.1m @ 3.72g/t Au Om 100mbs- 3.3m @49.1g/t Au 4.0m @ 15.8g/t Au 1.1m @ 3.98g/t Au 200mbs 200mbs- 0 1.1m @ 1.46g/t Au 5.0m @ 10.8g/t Au 0.7m @ 1.24g/t Au 3.5m @ 7.64g/t Au 2.1m @ 5.55g/t Au 6.1m @ 44.5g/t Au 2.0m @ 1.30g/t Au 2.0m @ 5.09g/t Au 1.0m @ 0.63g/t Au 1.7m @ 106g/t Au 2.1m @ 131g/t Au 300mbs 300mbs- о PENNY WEST RESOURCE 1.4m @ 6.36g/t Au ° 4.5m @ 75.2g/t Au 5.0m @ 36.8g/t Au Diamond Drilling Programme Maximum Au Results Block Model Grade Planned Drill Pierce Point Assays Awaited > 20g/t Au > 20g/t Au 10 - 20g/t Au -400mbs 100m Local Grid 2mRecent Result 2mPrevious Result Reported 5-10g/t Au • 2-5g/t Au ⚫ 0.5-2g/t Au ⚫0-0.5g/t Au 10-20g/t Au 5-10g/t Au 2-5g/t Au 400mbs 0.5 - 2g/t Au 0-0.5g/t Au Penny 021 RAMELIUS RESOURCES ¹See RMS ASX Release "Resources and Reserves Statement 2023", 14 September 2023 2See RMS ASX Release "Penny Gold Mine Update", 15 September 2023 MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 13#1481 000mN North Rehabilitated Decline at 1st October 0.5m@319g/t Au 0.3m@214g/t Au [email protected]/t Au 2.8m @9.40g/t Au 11.1m @7.97g/t Au 3m @ 32.2g/t Au incl. [email protected]/t Au 2.3m @ 12.8g/t Au incl. 0.7m @ 37.0g/t Au 5.2m @ 6.31g/t Au incl. 0.5m @ 49.2g/t Au 4.1m @2.36g/t Au 14.0m @ 3.19g/t Au 4.4m @2.50g/t Au 3.8m @3.87g/t Au 9.3m @4.73g/t Au surface 200mbs- 400mbs- 600mbs- MT MAGNET: GALAXY (SATURN & MARS) DEVELOPMENT IN FULL SWING ➤ Galaxy Decline rehab progressed down below Mars access points Ore driving commenced, production ramp up during FY24 Resource definition drilling ongoing, with recent results incl*: 2.8m @ 9.40g/t Au 11.1m @ 7.97g/t Au 3.0m @ 32.2g/t Au 5.2m @ 6.31g/t Au 5-year mine plan identified initially with extensions likely Hill 50 2.1Moz mined historically, Mt Magnet's largest producer Mineral Resource: 1.9Mt at 6.0g/t Au for 360koz# Project "on hold" with other Mt Magnet projects prioritised 79 800mN South Saturn Pit 0m 200mbs GALAXY UNDERGROUND MINE Long Section (Search ±400m) 4.7m @ 5.23g/t Au 1.7m @ 13.0g/t Au Mine Design Planned Stopes -400mbs 7.3m @ 2.75g/t Au 7.8m @ 5.95g/t Au -600mbs [email protected]/t Au 72.9m @ 1.84g/t Au incl. 25.0m @ 3.83g/t Au 800mbs 200m Local Grid OPEN -1,000mbs Legend Satum Fault Mars Pit OPEN RAMELIUS RESOURCES -1,200mbs *See RMS ASX Release "June 2023 Quarterly Activities Report", 27 July 2023 #See RMS ASX Release "3 Year Production Outlook & Study Updates", 14 November 2022 Mineral Resource Envelope Planned Mars & Saturn Stopes Underground Mine Design Rehabilitated Decline Historical Pit Surface Historical Hill 50 Stope Historical Hill 50 U/G Development Interpreted Fault 2mSelect Previous Results Hill 50 U/G Recent Drill Hole Trace Ramelius Drill Hole Trace Hill 50 Fault MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 800mbs- 1,000mbs- 1,200mbs- 205 Mt Magnet 14#15-75mbs -50 -25mbs SW SYMES - NEW HIGH MARGIN OPEN PIT FEED FOR EDNA MAY 120km by road from Edna May Mineral Resource¹ of 1.4Mt at 1.7tg/t for 75koz Site infrastructure completed Ore haulage up to expected rates SYFC525 475950 SYMES RESOURCE DRILLING Cross Section (Bearing 35" Search +10m) SYFCS24 SYFC233 SYFC528 SYFCS32 SYFC026 Mineralised Laterite 4m 0.68g't Au 4m @ 1.49g/t Au 4m @0.94g/t Au 4m 2.48g't Au 15m 4m @ 3.83g/t Au Legend Open Pit Design RC Drill Hole Significant Result +0.5gt Au Mineralisation Symes Pit Design [email protected]/t Au Supergene Duricrust Saprote 25m Saprock MGA Zone 50 Mafic Amphibolita RAMELIUS RESOURCES [email protected]/t Au [email protected]/t Au [email protected]/t Au EOH SYFC803 6436025 NE ¹See RMS ASX Release "3 Year Production Outlook & Study Updates", 14 November 2022 MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 15#16VIVIEN, TAMPIA & NOW MARDA - PROGRESSIVE REHABILITATION WHERE POSSIBLE Vivien (North Eastern Goldfields) Tampia (Wheatbelt) RAMELIUS RESOURCES Marda (Yilgarn) MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 16#17RB SOURCES OF FUTURE GROWTH#18ORGANIC GROWTH - MINING/PROCESSING STUDIES* Centre Study Description Hill 50 underground: On hold whilst other Mt Magnet projects are prioritised - Eridanus underground: Pre-Feasibility Study awaiting further drilling and pit deepening late in FY24 Bartus: Scoping Study to be included as part of Mt Magnet mine plan Status / Next Key Date June 2024 June 2024 Q1 CY2024 Processing Facility upgrade: Feasibility Study on upgrade from 2.0 to 2.5-2.7Mtpa (dependent on underground study results above) Mt Magnet Penny: Updated mine design integrated into Mt Magnet mine plan Q1 CY2024 Edna May Rebecca/Roe Cue: Integrated into Mt Magnet mine plan Stage 3 open pit: Pre-Feasibility Study work completed - project deferred Jan 2023 Pre-Feasibility Study: To be completed (Scoping Study largely completed as part of Due Diligence), project expanded to now include Roe as a single combined project, drill program at Roe underway targeting underground Resources RAMELIUS Q1 CY2024 Roe MRE Q1 CY2024 Updated PFS Q2 CY2024 *See RMS ASX Release "3 Year Production Outlook & Study Updates", 14 November 2022 RESOURCES MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 18#19INORGANIC GROWTH - RETURN ON INVESTMENT A KEY DRIVER Track record of generating positive (net) cash flow* from new projects Inventory build-up shown as notional c/flow Marda: 419kt @ 1.71g/t for 23koz Tampia: 902kt @ 1.47g/t for 43koz Symes: 61kt @ 1.52g/t for 3koz 7 assets acquired in six years (excl. Symes) 1) Edna May: acquired 2017, already in production 2) Marda: acquired 2019, in production 2020 Cash Flow (ASM) 180 40 140 00 100 660 20 9 20 (20) 119 87 LOM Cash Flows - As at September 2023 39 31 (1) (4) (10) (56) (14) (79) (2) (9) Studies in Progress (84) (60) (168) (100) (171) (84) (206) (140) (180) (220) (185) (189) (206) (260) In Production Combined PFS Q2 CY2024 (300) Coogee (2012) Kathleen Valley (2014) Vivien (2014) Edna May (2017) Marda (2019)^ Tampia (2019)A Penny (2020) Symes Rebecca (2021)^ (2022) Roe (2023) Cue (2023)# Acquisition cost Cash + stockpiles ◆Net Stockpile & Cash Flow ^ allows for future cash in ROM stocks 3) Tampia: acquired 2019, in production 2021 4) Penny: acquired 2020, in production 2022 5) Rebecca: acquired 2022 6) Roe: acquired 2023 7) Cue: acquired 2023, production target FY25 RAMELIUS RESOURCES *Unaudited A$ cash flows by project # The Cue acquisition cost includes amounts paid after 30 September 2023 upon finalisation of the compulsory acquisition and an estimate for the stamp duty payable on the transaction. The value of Ramelius shares issued has been based on the Ramelius share price of $1.25 at the date control was obtained (28 August 2023). MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 19#20RAMELIUS - WELL POSITIONED FOR 2024 AND BEYOND Operational Excellence Balance Sheet & Use of Capital Accretive Acquisitions 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 Exploration Opportunities Near-term Catalysts Significant A$30M investment budgeted with opportunities highlighted by ongoing success at Mt Magnet, Penny and the Rebecca/Roe project area Progress on drilling at Penny & Rebecca/Roe Integration of Cue, Bartus and updated Penny into Mt Magnet mine plan Progress on Rebecca/Roe mining studies RAMELIUS RESOURCES MACQUARIE WESTERN AUSTRALIA FORUM ⚫ NOVEMBER 2023 20 20#21THANK 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: 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 Forrestal Director GRA Partners Ph: +61 411 479 144 RAMELIUS RESOURCES MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 21#22Project Deposit t Measured gt MINERAL RESOURCES AS AT 30 JUNE 2023-INCLUSIVE OF RESERVES Indicated OZ APPENDIX 1 - 2023 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral Resources see ASX Releases (RMS) "Resources and Reserves Statement 2023", 14 September 2023. Morning Star Bartus Group Boomer Britannia Well Brown Hill Bullocks Eastern Jaspilite 150,000 2.2 10,000 For updated information related to the Penny deposit, see RMS ASX Release "Penny Gold Mine Update", 15 September 2023, which is summarised by the table below: Eclipse Eridanus 850,000 1.3 13 36,000 Franks Tower Measured Lode tonnes g/t Penny Nth 48,000 24 Penny Wst ounces 37,000 Total 48,000 24 37,000 Indicated tonnes tonnes g/t g/t 190,000 30 190,000 78,000 26 110,000 7.9 29,000 9,000 4.4 310,000 22 220,000 87,000 24 Inferred Total Mt Magret Golden Stream Golden Treasure 150,000 2.9 540,000 ounces ounces 65,000 1,300 67,000 tonnes g/t ounces 320,000 28 290,000 120,000 7.6 30,000 440,000 22 320,000 Milky Way Spearmant-Gallee Welcome - Baxter Open Pit deposits Galaxy UG Hill 50 Deeps 820,000 5222 223 222 2 2 2 2 OZ 1.8 1.6 1.0 1.3 1.1 170,000 1,200,000 1.7 1.5 St George 560,000 7.6 380,000 3.7 140,000 45.000 Water Tank Hill Bartus East 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. UG deposits ROM & LG stocks Total Mt Magnet Rebecca Duchess 940,000 6.1 7,300,000 0.6 9,400,000 1.2 180,000 140,000 380,000 Inferred t gt 1 g/t g/t 4,900,000 1.9 300,000 4,300,000 1.5 210,000 9,200,000 1.7 510,000 410,000 1.2 16,000 420,000 16,000 820,000 1.2 32,000 1,200,000 68,000 790,000 10 26,000 2,000,000 1.5 94,000 180,000 20 12,000 12,000 1,100,000 59,000 490,000 1.2 200.000 3.3 21,000 40,000 2.5 120,000 28 11,000 130,000 2.5 170,000 12,000 41,000 2.1 13,000,000 1.3 550,000 3,900,000 1.1 2,200,000 70,000 700,000 12 14,000 67,000 1.2 23,000 360,000 1.1 29,000 1,600,000 1.1 580,000 26 9,200 320,000 1.6 17,000 130,000 1.8 55,000 25,000,000 1.5 1,200,000 14,000,000 13 6,500,000 2.1 430,000 970,000 2.2 580,000 5.0 92,000 720,000 5.5 180,000 3.0 17,000 200,000 3.8 24,000 2,300,000 2.2 160,000 160,000 2.2 9,800,000 2.3 730,000 1.800.000 3.5 Total Resource OZ t 02 1.2 520 180,000 2.1 1,600,000 1.5 19,000 3,000 240,000 3.1 11,000 400,000 2.5 32,000 3,000 210,000 2.2 15,000 140,000 18,000,000 1.3 730,000 26,000 2,900,000 1.0 97,000 2,700 220,000 2.4 13,000 900,000 1.2 57,000 1.1 2,400,000 48,000 580,000 2.6 48,000 7,400 610,000 1.7 33,000 580,000 40,000,000 1.4 1,800,000 67,000 7.400.000 2.1 500.000 130,000 1,900,000 6.0 360,000 78,000 24.000 17,000 36,000 86,000 560.000 3.5 62,000 11,000 210,000 Rebecca Duke Cleo Total Rebecca Bambora OP Bombora UG 35,000,000 1.7 17,000,000 1.5 7,300,000 0.9 2,000,000 1.1 730,000 1.1 27,000,000 1.3 15,000,000 1.5 710,000 2.9 Roe Crescent Kopai Claypen Total Roo Echa May Echa May Edna May UG ROM & LG stocks Total Edna May Symes Symes Find 720,000 1.1 130,000 5.0 30,000 1.0 870,000 1.7 370,000 1.3 16,000,000 1.5 25,000 23,000,000 1.0 21,000 150,000 5.5 1,900,000 15,000,000 1.6 820,000 3,100,000 1.4 220,000 2,400,000 0.9 73,000 740,000 1.1 26,000 230,000 1.0 1,100,000 6,500,000 1.2 710,000 2,700,000 13 66,000 7,300,000 2.5 4,100,000 1.0 2,000,000 1.1 780,000 16,000,000 1.8 700,000 7,000,000 1.0 27,000 190,000 7.3 Marda Die Hardy ROM & LG stocks Total Marda Tampia ROM & LG stocks. 970 47,000 23,000,000 1.0 15,000 910,000 1.9 600,000 1.7 730,000 7,200,000 1.1 56,000 120,000 0.9 33,000 260,000 3,500 24,000 2,500,000 2.2 170,000 13,000,000 2.8 1,100,000 7,300,000 0.6 140,000 780,000 60,000,000 1.6 3,100,000 140,000 20,000,000 1.5 960,000 72,000 9,700,000 0.9 290,000 25,000 2,700,000 1.1 98,000 7,700 960,000 1.1 34.000 240,000 33,000,000 1.3 1,400,000 110,000 18,000,000 14 820,000 590,000 8,000,000 2.6 660,000 130,000 4,100,000 1.0 130,000 69,000 2,000,000 1.1 69,000 910,000 32,000,000 1.6 1,700,000 220,000 30,000,000 1.0 45,000 470,000 6.1 30,000 1.0 31,000,000 1.0 1,000,000 1,400,000 1.7 200,000 3.8 940,000 92,000 970 75,000 600,000 1.7 33,000 380,000 1.4 Total Tampia 380,000 1.4 1,800,000 1.2 1,800,000 1.2 18,000 18,000 380,000 1.4 18,000 600,000 1.7 33,000 980,000 1.6 51,000 69,000 69.000 Penny North & West 350,000 20.0 220,000 81,000 RAMELIUS RESOURCES Figures rounded to 2 significant figures. Rounding errors may occur. MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 Total Resource 13,000,000 1.3 530,000 100,000,000 1.5 4,900,000 45,000,000 11.0 1.5 69,000 1,800,000 1.2 69.000 29,000 430,000 18.0 250,000 2,200,000 160,000,000 1.5 7,600,000 1,800,000 1.2 22#23APPENDIX 2 - 2023 ORE RESERVE STATEMENT ORE RESERVE STATEMENT AS AT 30 JUNE 2023 Project Mine t Proven g/t OZ t Probable g/t OZ t Boomer 230,000 1.9 Brown Hill Eridanus Golden Stream Mt Magnet Morning Star Total Open Pit Hill 60 Galaxy Water Tank Hill Total Underground ROM & LG stocks Mt Magnet Total Edna May UG 300,000 1.6 2,100,000 1.4 85,000 2.6 1,600,000 1.4 4,300,000 1.5 120,000 3.1 2,600,000 2.4 95,000 2.9 2,900,000 2.5 Total Reserve g/t 14,000 230,000 1.9 15,000 300,000 1.6 95,000 2,100,000 1.4 7,200 85,000 2.6 71,000 1,600,000 1.4 200,000 4,300,000 1.5 12,000 120,000 3.1 210,000 2,600,000 2.4 8,900 95,000 2.9 230,000 2,900,000 2.5 OZ 14,000 15,000 95,000 7,200 71,000 200,000 12,000 210,000 8,900 230,000 7,300,000 0.6 140,000 7,300,000 0.6 140,000 7,300,000 0.6 140,000 7,200,000 1.9 150,000 3.3 430,000 16,000 14,000,000 1.2 570,000 150,000 3.3 16,000 ROM & LG stocks Edna May Total 30,000 1.0 30,000 1.0 970 970 30,000 1.0 970 150,000 3.3 16,000 180,000 2.9 17,000 Die Hardy 300,000 1.7 17,000 300,000 1.7 17,000 ROM & LG stocks 380,000 1.4 18,000 380,000 1.4 18,000 Total Marda 380,000 1.4 18,000 300,000 1.7 17,000 680,000 1.6 34,000 ROM Stocks 1,200,000 1.5 56,000 1,200,000 1.5 56,000 Total Tampia 1,200,000 1.5 56,000 1,200,000 1.5 56,000 Symes 530,000 2.2 37,000 530,000 2.2 37,000 Total Symes 530,000 2.2 37,000 530,000 2.2 37,000 Penny Penny Underground 480,000 14 Total Penny Total Reserve 8,900,000 0.8 210,000 210,000 480,000 14 480,000 14 210,000 480,000 14 8,600,000 2.6 710,000 18,000,000 1.6 210,000 210,000 930,000 RAMELIUS RESOURCES Figures rounded to 2 significant figures. Rounding errors may occur. For detailed information relating to Ore Reserves see ASX Releases (RMS) "Resources and Reserves Statement 2023", 14 September 2023. 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. MACQUARIE WESTERN AUSTRALIA FORUM NOVEMBER 2023 23