Investor Presentaiton

INORGANIC 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

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