RMS Noosa Mining Investor… Presentation - Jul 24, 2025

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1 ASX:RMS Mark Zeptner Managing Director July 2024 July 2025 Ramelius Resources Limited NOOSA MINING CONFERENCE For personal use only

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2NOOSA MINING CONFERENCE • JULY 2025 2 QUALIFICATIONS & NON-FINANCIAL INFORMATION 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 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, 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. 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. Non-IFRS Financial Information The Group results are reported under International Financial Reporting Standards (IFRS). This presentation also includes non-IFRS information including All-in Sustaining Cost (AISC). The non-IFRS information has not been subject to audit or review by the Group’s external auditor and should be used in addition to IFRS information. For personal use only

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3NOOSA MINING CONFERENCE • JULY 2025 3 QUALIFICATIONS & NON-FINANCIAL INFORMATION Aspirational statements The following statements in this presentation are aspirational statements (and are not Production Targets) and Ramelius and / or Spartan (as applicable) do not yet have reasonable grounds to believe these statements can be achieved: ➢ “Ramelius’ (and the Combined Group’s) vision to be a +500koz/pa producer by FY30” ➢ “Vision to expand Mt Magnet Hub to +350koz by FY30” In particular, the above statements are of an aspirational nature because: ➢ Whilst Ramelius has published production targets in respect of Mt Magnet and Rebecca-Roe, Spartan has not previously completed a feasibility study, nor published a production target in respect of a Dalgaranga re-start on a stand-alone basis. Substantial further work would have been required before Spartan would have been in a position to do so ➢ The vision for the Combined Group is dependent on the integration of the Ramelius and Spartan assets and, specifically, optimising the Mt Magnet and Dalgaranga operations. That integration and optimisation exercise is yet to be undertaken. As stated in this presentation, Ramelius intends to undertake an integrated study on Mt Magnet and Dalgaranga to develop a +10 year mine plan and optimising processing options, with release of that study targeted for the December 2025 Quarter. The study will need to consider a number of variables and focus areas are expected to include, but are not limited to: ▪ Exploring capacity upgrades at Ramelius’ Mt Magnet Plant above the previously announced 2.5 – 3.0Mtpa in conjunction with the restart of the Dalgaranga Plant ▪ The optimal plan for treatment of high-grade Dalgaranga underground ore, with the final processing configuration intended to utilise optimised capacity from existing and potentially expanded infrastructure ▪ Ore sequencing and scheduling, to be reflected in a mine plan for the combined operations ▪ Minimising per ounce costs by seeking economies of scale across the infrastructure for the expanded asset portfolio ▪ Metallurgical testwork on combined ore feeds to determine optimum rates of recovery during processing For personal use only

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24NOOSA MINING CONFERENCE • JULY 2025 24 Metric From 1 Jan 2025 Total Production +2Moz Average Annual Production (next 10 years)1 ~140koz AISC2 (next 2.5 years) A$1,600/oz AISC2 (next 10.5 years) A$1,870/oz Growth Capex - PP&E A$210M Growth Capex - pre-production mining3 A$613M Growth Capex - Resource definition & project studies A$10M Mine Life 17 Years Upside potential Penny, Cue, Galaxy & Eridanus UG Mt Magnet Base Case Metrics* (Pre-Spartan) This vision is an aspirational statement (and not a production target) and Ramelius and Spartan do not yet have reasonable grounds to believe the vision can be achieved. Refer to the Aspirational Statements section of the Important Notices and Disclaimer section of this presentation for further information. Cautionary Statement: The Production Targets for the Mt Magnet project are based on a proportion of Indicated (89%) and Inferred (9%) Mineral Resources and an Exploration Target (2%). There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the Production Target itself will be realised. The potential quantity and grade of an exploration target is conceptual in nature, there has been insufficient exploration to determine a Mineral Resource and there is no certainty that further exploration work will result in the determination of Mineral Resources or that the Production Target itself will be realised. See the note regarding Production Targets in the Important Notices section of this presentation. Mt Magnet Gold Production and AISC (Pre-Spartan) * See RMS ASX Release “Ramelius’ new 17-Year, 2.1Moz Mine Plan at Mt Magnet, up 37% from 2024”, 11 March 2025 1 H2 FY25 reflects actual production for the half year to Jun-25 for Mt Magnet only. Production averages include H1 of FY25 2 FY26+ AISC calculated using a gold price of A$3,500/oz and includes corporate costs 3 Includes A$335M for the Eridanus cut back VISION FOR MT MAGNET TO BE A +350KOZ/PA HUB BY FY30 For personal use only

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33NOOSA MINING CONFERENCE • JULY 2025 33 Offer Structure ➢ Scheme of Arrangement, whereby Ramelius will acquire 100% of the fully paid ordinary shares in Spartan that it does not already own (Scheme) ➢ The Scheme has been unanimously recommended by the Spartan Board1 ➢ The Scheme is subject to approval by Spartan shareholders and court approval (as well as other customary conditions) Offer Consideration ➢ Spartan shareholders to receive $0.25 cash and 0.6957 Ramelius shares for each Spartan share ( Consideration), which implies a fully-diluted equity value for Spartan of ~A$2.4 billion3 ➢ Based on Ramelius’ close price of $2.20 per share on 14 March 2025, the Consideration implies a value of $1.78 per Spartan sh are, representing a: ▪ 11.3% premium to Spartan’s closing price of $1.60 per share on 14 March 2025; and ▪ 27.5% premium to Spartan’s 30-day VWAP of $1.40 per share ➢ Spartan shareholders (excluding Ramelius which has an existing 19.9% shareholding) to own 39.5% of the enlarged Ramelius (Combined Group) if the Scheme is implemented3 Conditional Takeover Offer ➢ A conditional off-market takeover offer will also be made by Ramelius (Takeover Offer) pursuant to which Spartan shareholders will receive equivalent Consideration as that under the Scheme ➢ The Takeover Offer is conditional on the Scheme not proceeding, a minimum acceptance condition of 50.1% as well as other cust omary conditions ➢ The Takeover Offer has been unanimously recommended by the Spartan Board2 Spartan Board Support ➢ The Spartan directors have confirmed that they each intend to vote any Spartan shares in which they have a relevant interest in favour of the Scheme.1 The Spartan directors have also confirmed that if the Scheme does not proceed, they each intend to accept the Takeover Offer in r espect of any Spartan shares in which they have a relevant interest within 5 business days after lodgement of the Target’s Statement2 Key Shareholder Support ➢ Three of Spartan’s top shareholders which together currently hold approximately 18.9% of Spartan ordinary shares, have provid ed voting intention statements to vote in favour of the Scheme and in the event the Scheme does not proceed, to accept the Takeover Offer ( Intention Statements)1,2,4 Board Representation ➢ Simon Lawson to join the Ramelius Board as Non-Executive Deputy Chair and Deanna Carpenter as a Non-Executive Director upon successful completion Advisers ➢ Ramelius has appointed Euroz Hartleys as financial adviser and Allion Partners as legal adviser ➢ Spartan has appointed Sternship Advisers as financial adviser and Herbert Smith Freehills as legal adviser KEY TRANSACTION DETAILS 1 Subject to no superior proposal emerging and an Independent Expert concluding (and continuing to conclude) that the Scheme is in the best interests of Spartan shareholders 2 Subject to no superior proposal emerging and an Independent Expert concluding (and continuing to conclude) that the Takeover Offer is fair and reasonable 3 Based on 1,280,925,352 Spartan ordinary shares and 55,680,921 Spartan performance rights outstanding. Assumes full vesting and exercise of Spartan performance rights 4 The relevant Spartan shareholders are Tembo Capital Holdings UK Limited (110,347,830 Spartan shares), 1832 Asset Management L.P. (90,449,082 Spartan shares) and Fourth Sail Capital US LP (41,220,801 Spartan shares). The Intention Statements do not prohibit the relevant Spartan shareholders from buying or selling fully paid ordinary shares in either Spartan or Ramelius prior to or after completion of the Transaction For personal use only

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37NOOSA MINING CONFERENCE RMS 2024 MINERAL RESOURCE STATEMENT For detailed information relating September 2024. For updated information related Release “Ramelius’ new the table below: Ramelius confirms that it presentation and that all not materially changed. Deposit Measured Indicated Inferred Total tonnes g/t ounces tonnes g/t Eridanus OP 1,400,000 1.7 Eridanus UG 2,300,000 2.3 Penny North Penny West 110,000 25 87,000 30,000 94,000 19 9.6 20,000 29,000 140,000 94,000 27 9.6 110,000 29,000 Hesperus OP 3,800,000 0.9 Project Deposit t g/t oz t g/t oz t g/t oz t g/t oz Morning Star 4,900,000 1.9 300,000 Bartus Group 410,000 1.2 16,000 Boomer 1,200,000 1.8 68,000 Britannia Well 180,000 2.0 12,000 Brown Hill 720,000 1.6 38,000 Bullocks 200,000 3.3 21,000 Eastern Jaspilite 150,000 2.2 10,000 Eclipse 170,000 2.2 12,000 Eridanus 1,300,000 1.8 75,000 Franks Tower 2,200,000 1.0 70,000 Mt Magnet Golden Stream Golden Treasure 540,000 1.3 23,000 Milky Way 820,000 1.1 29,000 Spearmont-Galtee Welcome - Baxter 320,000 1.6 17,000 Open Pit deposits 1,600,000 1.8 94,000 Galaxy UG 570,000 2.2 40,000 Hill 50 Deeps 560,000 7.6 140,000 Bartus East 2,000,000 2.8 160,000 UG deposits 1,100,000 4.9 180,000 ROM & LG stocks 9,400,000 0.6 190,000 Total Mt Magnet 12,000,000 1.2 470,000 Break of Day 610,000 8.2 160,000 White Heat 160,000 9.4 50,000 Lena 1,300,000 1.7 72,000 Leviticus 67,000 4.3 9,300 Big Sky 2,300,000 1.3 99,000 Numbers 580,000 1.2 23,000 Cue Waratah 250,000 2.0 16,000 Amarillo 460,000 1.6 24,000 Open Pit Deposits 5,800,000 2.4 450,000 Break of Day 220,000 6.5 45,000 White Heat 9,900 6.3 2,000 Lena 860,000 3.5 97,000 UG Deposits 220,000 6.5 45,000 Total Cue 6,000,000 2.6 500,000 Rebecca 17,000,000 1.5 820,000 Duchess 7,300,000 0.9 220,000 Rebecca Duke 2,000,000 1.1 73,000 Cleo 730,000 1.1 26,000 Total Rebecca 27,000,000 1.3 1,100,000 Bombora OP 16,000,000 1.5 740,000 Bombora UG 4,300,000 2.5 350,000 Roe Crescent-Kopai Claypan 2,000,000 1.1 69,000 Total Roe 23,000,000 1.6 1,200,000 Edna May 720,000 1.1 25,000 Edna May ROM & LG stocks 37,000 1.4 1,700 Total Edna May 750,000 1.1 27,000 Symes ROM & LG Stocks 320,000 1.2 13,000 Marda ROM & LG stocks 280,000 1.3 12,000 Tampia ROM & LG stocks 770,000 0.9 23,000 North & West 140,000 29.0 130,000 ROM & LG stocks 800 9.3 240 Total Penny 140,000 29.0 130,000 14,000,000 1.4 670,000 Figures rounded to 2 significant Total Resource Penny MINERAL RESOURCES AS AT 30 Measured Indicated Inferred For personal use only • JULY 2025 37 to Mineral Resources see ASX Releases (RMS) “Resources and Reserves Statement 2024”, 2 to Eridanus open pit and underground, Penny underground and Hesperus open pit, see RMS ASX 17-Year, 2.1Moz Mine Plan at Mt Magnet, up 37% from 2024”, 11 March 2025, which is summarised by is not aware of any new information or data that materially affects the information included in this material assumptions and technical parameters underpinning the estimates continue to apply and have ounces tonnes g/t ounces tonnes g/t ounces 75,000 15,000,000 1.7 830,000 3,200,000 1.1 120,000 20,000,000 1.6 1,000,000 170,000 1,900,000 2.2 140,000 4,200,000 2.3 310,000 110,000 5,100,000 0.8 130,000 8,900,000 0.8 240,000 4,300,000 1.5 210,000 9,200,000 1.7 510,000 420,000 1.2 16,000 820,000 1.2 32,000 790,000 1.0 26,000 2,000,000 1.5 94,000 180,000 2.1 12,000 490,000 1.2 19,000 1,200,000 1.5 57,000 40,000 2.5 3,000 240,000 3.1 24,000 120,000 2.8 11,000 130,000 2.5 11,000 400,000 2.5 32,000 41,000 2.1 3,000 210,000 2.2 15,000 14,000,000 1.8 830,000 5,400,000 1.5 250,000 21,000,000 1.7 1,200,000 700,000 1.2 26,000 2,900,000 1.0 97,000 150,000 2.9 14,000 67,000 1.2 2,700 220,000 2.4 17,000 360,000 1.1 13,000 900,000 1.2 36,000 1,600,000 1.1 57,000 2,400,000 1.1 86,000 580,000 2.6 48,000 580,000 2.6 48,000 130,000 1.8 7,400 610,000 1.7 33,000 26,000,000 1.7 1,500,000 15,000,000 1.4 690,000 43,000,000 1.6 2,200,000 7,000,000 2.1 480,000 640,000 1.9 39,000 8,200,000 2.1 560,000 580,000 5.0 92,000 720,000 5.5 130,000 1,900,000 6.0 360,000 170,000 2.7 13,000 2,200,000 2.4 170,000 9,700,000 2.3 730,000 1,500,000 3.7 180,000 12,000,000 2.7 1,100,000 9,400,000 0.6 190,000 36,000,000 1.9 2,200,000 17,000,000 1.6 870,000 65,000,000 1.7 3,500,000 610,000 8.2 160,000 23,000 4.8 3,600 190,000 8.8 53,000 1,700,000 2.0 110,000 3,000,000 1.9 180,000 23,000 2.8 2,100 91,000 3.9 11,000 2,300,000 1.1 81,000 4,600,000 1.2 180,000 28,000 0.9 790 610,000 1.2 23,000 49,000 1.0 1,600 300,000 1.8 17,000 270,000 1.4 12,000 730,000 1.6 36,000 4,400,000 1.5 210,000 10,000,000 2.0 670,000 19,000 4.3 2,600 240,000 6.3 48,000 9,900 6.3 2,000 860,000 3.5 97,000 890,000 3.5 100,000 1,100,000 4.1 150,000 5,300,000 1.8 310,000 11,000,000 2.2 810,000 3,100,000 1.4 140,000 20,000,000 1.5 960,000 2,400,000 0.9 72,000 9,700,000 0.9 290,000 740,000 1.1 25,000 2,700,000 1.1 98,000 230,000 1.0 7,700 960,000 1.1 34,000 6,500,000 1.2 240,000 33,000,000 1.3 1,400,000 3,100,000 1.3 130,000 19,000,000 1.4 870,000 4,700,000 2.1 320,000 9,000,000 2.3 670,000 2,900,000 1.2 110,000 1,500,000 0.9 45,000 4,400,000 1.1 150,000 2,000,000 1.1 69,000 11,000,000 1.6 560,000 34,000,000 1.6 1,800,000 23,000,000 1.0 700,000 7,000,000 1.0 220,000 30,000,000 1.0 940,000 37,000 1.4 1,700 23,000,000 1.0 700,000 7,000,000 1.0 220,000 30,000,000 1.0 950,000 320,000 1.2 13,000 280,000 1.3 12,000 770,000 0.9 23,000 160,000 15.0 76,000 24,000 16.0 12,000 320,000 21.0 220,000 800 9.3 240 160,000 15.0 76,000 24,000 16.0 12,000 320,000 21.0 220,000 110,000,000 1.6 5,800,000 47,000,000 1.5 2,200,000 180,000,000 1.5 8,700,000 figures. Rounding errors may occur. JUNE 2024 - INCLUSIVE OF RESERVES Total Resource

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39NOOSA MINING CONFERENCE • JULY 2025 39 RMS 2024 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves see ASX Releases (RMS) “Resources and Reserves Statement 2024”, 2 September 2024. For updated information related to Eridanus open pit, see RMS ASX Release “Ramelius’ new 17-Year, 2.1Moz Mine Plan at Mt Magnet, up 37% from 2024”, 11 March 2025, which is summarised by the table below: For updated information related to the Rebecca-Roe Gold Project, see RMS ASX Release “Rebecca-Roe Gold Project Pre-Feasibility Study”, 12 December 2024, which is summarised by the table below: Ramelius 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. Deposit Proven Probable Total Reserve Mt g/t koz Mt g/t Koz Mt g/t koz Eridanus Cutback 18 1.2 680 18 1.2 680 Project Mine t g/t oz t g/t oz t g/t oz Boomer 500,000 1.0 16,000 500,000 1.0 16,000 Brown Hill 170,000 0.5 2,800 170,000 0.5 2,800 Eridanus 180,000 2.0 12,000 180,000 2.0 12,000 Golden Stream 85,000 2.6 7,200 85,000 2.6 7,200 Morning Star 1,700,000 1.3 74,000 1,700,000 1.3 74,000 Total Open Pit 2,700,000 1.3 110,000 2,700,000 1.3 110,000 Galaxy UG 2,100,000 2.7 180,000 2,100,000 2.7 180,000 Bartus UG 1,300,000 2.1 87,000 1,300,000 2.1 87,000 Total Underground 3,400,000 2.5 260,000 3,400,000 2.5 260,000 ROM & LG stocks 9,400,000 0.6 190,000 9,400,000 0.6 190,000 Mt Magnet Total 9,400,000 0.6 190,000 6,000,000 1.9 380,000 15,000,000 1.1 570,000 Break of Day 880,000 4.5 130,000 880,000 4.5 130,000 White Heat 240,000 5.7 43,000 240,000 5.7 43,000 Lena 670,000 1.4 30,000 670,000 1.4 30,000 Waratah 110,000 1.6 5,700 110,000 1.6 5,700 Leviticus 69,000 3.1 6,900 69,000 3.1 6,900 Big Sky 390,000 1.5 19,000 390,000 1.5 19,000 Numbers 270,000 1.2 10,000 270,000 1.2 10,000 Amarillo 150,000 1.9 8,800 150,000 1.9 8,800 CueTotal 2,800,000 2.8 250,000 2,800,000 2.8 250,000 ROM & LG stocks 37,000 1.4 1,700 37,000 1.4 1,700 Edna May Total 37,000 1.4 1,700 37,000 1.4 1,700 ROM & LG stocks 280,000 1.3 12,000 280,000 1.3 12,000 Total Marda 280,000 1.3 12,000 280,000 1.3 12,000 ROM Stocks 770,000 0.9 23,000 770,000 0.9 23,000 Total Tampia 770,000 0.9 23,000 770,000 0.9 23,000 ROM Stocks 320,000 1.2 13,000 320,000 1.2 13,000 Total Symes 320,000 1.2 13,000 320,000 1.2 13,000 Penny Underground 400,000 14 180,000 400,000 14 180,000 Total Penny 400,000 14 180,000 400,000 14 180,000 11,000,000 0.7 240,000 9,200,000 2.7 810,000 20,000,000 1.6 1,100,000 Figures rounded to 2 significant figures. Rounding errors may occur. Cue Mt Magnet ORE RESERVE STATEMENT AS AT 30 June 2024 Proven Probable Total Reserve Total Reserve Edna May Marda Tampia Symes Penny For personal use only

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41NOOSA MINING CONFERENCE • JULY 2025 41 Company Operating cash flow (inc leases) Growth Capital Exploration Hedge book closure & loss Working Capital & Other Underlying free cash flow Investment & acquisition Dividends / Share Buy Backs Financing Tax Other Total cash flow Opening cash & gold Closing cash & gold Debt Net cash / (debt) Source Ramelius Resources Limited 541.6 (23.3) (33.1) - 1.9 487.1 (165.6) (43.4) - (67.6) - 210.5 446.6 657.1 - 657.1 Sept 24, Dec 24, and Mar 25 Quarterly Activities Reports Bellevue Gold Limited 55.9 (108.1) - - 8.1 (44.1) - - (128.7) - 146.0 (26.8) 75.7 48.9 (100.0) (51.1) Sept 24, Dec 24, and Mar 25 Quarterly Activities Reports Capricorn Metals Limited^ 140.9 (36.4) (12.9) (147.0) 1.8 (53.6) - - - - 333.2 279.6 125.0 404.6 (50.0) 354.6 Sept 24, Dec 24, and Mar 25 Quarterly Activities Reports Evolution Mining Limited 1,370.0 (581.0) (28.0) - (108.0) 653.0 (47.0) (99.0) (149.0) (100.0) - 258.0 403.0 661.0 (1,754.0) (1,093.0) Sept 24, Dec 24, and Mar 25 Quarterly Activities Reports Genesis Minerals Limited 216.8 (93.8) (11.9) - 44.5 155.6 (8.0) - - - - 147.6 173.0 320.6 - 320.6 Sept 24, Dec 24, and Mar 25 Quarterly Activities Reports Gold Road Resources Limited 208.0 - (29.0) - - 179.0 (5.0) (18.0) - (38.0) - 118.0 86.0 204.0 - 204.0 Sept 24, Dec 24, and Mar 25 Quarterly Activities Reports Northern Star Resources Limited 1,693.0 (1,186.0) (182.0) - - 325.0 204.0 (677.0) - - 21.0 (127.0) 1,248.0 1,121.0 (940.0) 181.0 Sept 24, Dec 24, and Mar 25 Quarterly Activities Reports Ora Banda Mining Limited 83.6 (11.1) (15.1) - - 57.4 - - - - (3.5) 53.9 26.8 80.7 - 80.7 Sept 24, Dec 24, and Mar 25 Quarterly Activities Reports Pantoro Limited 88.5 (47.1) (17.9) - 9.3 32.8 (4.3) - - - - 28.5 103.9 132.4 - 132.4 Sept 24, Dec 24, and Mar 25 Quarterly Activities Reports Regis Resources Limited 505.7 (80.7) (38.0) - (1.0) 386.0 - - (314.0) - - 72.0 295.0 367.0 - 367.0 Sept 24, Dec 24, and Mar 25 Quarterly Activities Reports Vault Minerals Limited 318.6 (149.0) (9.4) - (24.1) 136.1 127.6 - (92.9) - - 170.8 453.7 624.5 - 624.5 Sept 24, Dec 24, and Mar 25 Quarterly Activities Reports Westgold Resources Limited 277.0 (99.0) (33.0) - (125.0) 20.0 (169.0) (6.0) 50.0 - 57.0 (48.0) 255.0 207.0 - 207.0 Sept 24, Dec 24, and Mar 25 Quarterly Activities Reports FY25 YTD SUPPORTING CASH FLOW WORKINGS ^ Capricorn Metals Cash Flows include the $147M for the closure of the hedge book and purchase of put options (including transaction costs) in March 2025 which was settled by the payment of $7M cash and the issue of $140M in shares DISCLAIMER The information has been sourced from publicly available information and includes Non-IFRS information. The reporting and calculation of Non-IFRS information may vary from company to company. Whilst efforts have been made to harmonise this information wherever possible the reader is encouraged to refer to source information for clarification and further information. For personal use only

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43NOOSA MINING CONFERENCE • JULY 2025 43 IMPORTANT NOTICES AND DISCLAIMER This presentation is dated 17 March 2025 and has been jointly prepared by Ramelius Resources Limited (ACN 001 717 540) (Ramelius) and Spartan Resources Limited (ACN 139 522 900) (Spartan). For the purposes of ASX Listing Rule 15.5, each of Ramelius and Spartan confirm that this presentation has been authorised for release to the ASX by their respective boards of directors. This presentation has been prepared in relation to the proposed acquisition by Ramelius of all of the ordinary shares of Spartan that it does not already own by way of: • a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (Corporations Act) (Scheme); or • if the Scheme is not successful or terminated in certain circumstances, a conditional off-market takeover offer under Chapter 6 of the Corporations Act (Takeover Offer), (the Transaction). The Transaction is subject to the terms and conditions described in the transaction implementation deed entered into on or about the date of this presentation (Transaction Implementation Deed). A copy of the Transaction Implementation Deed is available on the ASX website (at www.asx.com.au), the Ramelius website (at https://www.rameliusresources.com.au/2025-asx-announcements/) and the Spartan website (at https://spartanresources.com.au/investor-centre/), as applicable. Summary Information This presentation contains summary information and statements about Ramelius, Spartan and their respective subsidiaries, businesses and activities, which are current as at the date of this presentation (unless otherwise indicated). The information in this presentation is general in nature and does not purport to be exhaustive or contain all of the information that investors may require to make an informed assessment about the Transaction and its effect (on either of Ramelius or Spartan, or both), nor does it purport to contain all of the information that an investor may require in evaluating a possible investment in Ramelius or Spartan. This presentation has been prepared by Ramelius and Spartan with due care but, to the maximum extent permitted by law, no representation or warranty, express or implied, is provided by Ramelius or Spartan in relation to the currency, accuracy, reliability, fairness or completeness of the information, opinions or conclusions in this presentation (whether made by Ramelius or Spartan, or both). This presentation should be read in conjunction with Ramelius' and Spartan’s other periodic and continuous disclosure announcements lodged with ASX, which are available on the ASX website (at www.asx.com.au), the Ramelius website (at https://www.rameliusresources.com.au/2025-asx-announcements/) and the Spartan website (at https://spartanresources.com.au/investor-centre/), as applicable. Further information about the Transaction (including the full terms and conditions of the Transaction and the key risks and potential benefits of the Transaction for Spartan shareholders) will be provided by Spartan to Spartan shareholders and released to ASX in due course, in the form of a transaction booklet, which will include: • the explanatory statement for the Scheme (as required by section 412(1) of the Corporations Act) and notice of the meeting convened for Spartan shareholders to vote on the Scheme; • the bidder’s statement for the Takeover Offer under Part 6.5, Division 2 of the Corporations Act; and • the target’s statement for the Takeover Offer under Part 6.5, Division 3 of the Corporations Act, (together, the Transaction Booklet). The Transaction Booklet will also include or be accompanied by an independent expert's report that will opine on whether the Scheme is in the best interests of Spartan shareholders and whether the Takeover Offer is fair and reasonable. Not an offer, and not investment or financial product advice This presentation is not a prospectus, product disclosure statement or other disclosure document under the Corporations Act, or other offering document under Australian law or any other law. This presentation has not been lodged with the Australian Securities and Investments Commission. This presentation, and the information contained in it, is provided for information purposes only, and is not, nor should it be read or understood as, an offer or solicitation or an invitation or recommendation to subscribe for, acquire or buy securities of Ramelius or Spartan, or any other financial products or securities, in any place or jurisdiction, or a solicitation of any vote or approval in connection with the Transaction. Neither this presentation, nor any of its contents, will form the basis of any contract, agreement or commitment. This presentation may not be released to US wire services or distributed in the United States. This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or any other jurisdiction in which such an offer would be unlawful. The securities referred to in this document have not been, and will not be, registered under the US Securities Act of 1933 (US Securities Act) and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws. This presentation, and the information provided in it, does not constitute, and is not intended to constitute, financial product or investment advice (nor tax, accounting or legal advice). It has been prepared without taking into account the objectives, financial or tax situation or particular needs of any individual. Any investment decision, or other decision in connection with the Scheme, should be made based solely upon appropriate due diligence and other inquiries. For personal use only

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44NOOSA MINING CONFERENCE • JULY 2025 44 IMPORTANT NOTICES AND DISCLAIMER Not an offer, and not investment or financial product advice (continued) An investment in securities in Ramelius or Spartan is subject to known and unknown risks, some of which are beyond the control of Ramelius and Spartan respectively. These risks, together with other general risks applicable to all investments in listed securities not specifically referred to, may affect the value of shares in Ramelius and Spartan in the future. Ramelius and Spartan do not guarantee any particular rate of return or the performance of Ramelius or Spartan, nor guarantee the repayment of capital from Ramelius or Spartan, or any particular tax treatment. When making any investment decision, investors should make their own enquires and investigations regarding all information in this presentation, including but not limited to the assumptions, uncertainties and contingencies which may affect future operations of Ramelius and Spartan, and the impact that different future outcomes may have on Ramelius and Spartan. In respect of the Transaction, investors should carefully consider the information to be made available in the Transaction Booklet (and all other materials issued by Ramelius and Spartan in connection with the Transaction) and seek independent advice before making any decision. Before making any investment decision, investors should consider the appropriateness of all the information available having regard to their own objectives, financial and tax situation and needs and seek professional advice from their legal, financial, taxation or other independent adviser (having regard to the requirements of all relevant jurisdictions). Ramelius and Spartan are not licensed to provide financial product advice in respect of an investment in securities, and do not purport to give advice of any nature. An investment in any listed company, including both Ramelius and Spartan, is subject to risks of loss of income and capital. Past Performance Past performance metrics and figures (including past share price performance of Ramelius and Spartan), as well as pro forma financial information, included in this presentation are given for illustrative purposes only and should not be relied upon as (and are not) an indication of Ramelius’, Spartan’s or any other party’s views on Ramelius' or Spartan’s future financial performance or condition or prospects (including on a consolidated basis). Investors should note that the past performance of Ramelius and Spartan, including in relation to the historical trading price of shares, production, Mineral Resources and Ore Reserves, costs and other historical financial information cannot be relied upon as an indicator of (and provides no guidance, assurance or guarantee as to) future performance, including the future trading price of shares. The historical information included in this presentation is, or is based on, information that has previously been released to the market. Forward-Looking Statements This presentation contains forward-looking statements and comments about future matters relating to Ramelius and Spartan. Generally, forward-looking statements may be identified by the use of forward-looking words such as “may”, “will”, “likely”, “expect”, “intend”, “plan”, “target”, “scheduled”, “forecast”, “estimate”, “believe”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements in this presentation regarding intent, belief, expectations, plans, projections, targets, strategies and objectives of management, future earnings or financial position or performance, future acquisitions, anticipated production or construction commencement dates, costs or production outputs for each of Ramelius and Spartan (based on, among other things, their respective estimates of their production for the periods specifically referred to in this presentation), the outcome and effects of the Transaction (including expected benefits to Ramelius and Spartan shareholders) and the future operation of Ramelius and Spartan. To the maximum extent permitted by law, neither Ramelius nor Spartan makes any representation or warranty as to the currency, accuracy, reliability or completeness of any forward-looking statements contained in this presentation. To the extent that this presentation contains forward-looking information, the forward-looking information is subject to a number of risks, including those generally associated with gold exploration, mining and production businesses (many of which are outside the control of Ramelius and Spartan and may involve significant elements of subjective judgement and assumptions). Any such forward-looking statement inherently involves known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements to be materially greater or less than estimated. These may include, but are not limited to, commodity price fluctuations, actual demand, currency fluctuations, the speculative nature of exploration and project development (including the risks of obtaining environmental and other necessary licenses, approvals and permits, the time and conditions attached to the same (which are not guaranteed and do not take into account any appeals to the grant of those licenses, approvals and permits) and diminishing quantities or grades of reserves), drilling and production results, Mineral Resources or Ore Reserves estimations, loss of market, industry competition, environmental risks, physical risks, changes to the regulatory and legislative framework within which Ramelius and Spartan operate or may in the future operate, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, cost estimates, the recruitment and retention of key personnel, industrial relations issues, litigation and outbreaks of disease or pandemics. Further information in relation to risks (including those that are specific to the Transaction) will be provided in due course, in the Transaction Booklet. For personal use only

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45NOOSA MINING CONFERENCE • JULY 2025 45 IMPORTANT NOTICES AND DISCLAIMER Forward-Looking Statements (continued) Any such forward-looking statements are based on assumptions, qualifications and contingencies which are subject to change without notice and which may ultimately prove to be materially incorrect, as are statements about market and industry trends, which are based on interpretations of current market conditions. Investors should consider any forward-looking statements contained in this presentation in light of such matters (and their inherent uncertainty) and not place undue reliance on such statements. Forward-looking statements are not guarantees or predictions of future performance and may involve significant elements of subjective judgment, assumptions as to future events that may not be correct, known and unknown risks, uncertainties and other factors, many of which are outside the control of Ramelius and Spartan. Any forward-looking statements are based on information available to Ramelius and Spartan as at the date of this presentation. Except as required by law or regulation (including the ASX Listing Rules), Ramelius, Spartan and their respective directors, officers, employees, advisers, agents and other intermediaries disclaim any obligation or undertaking to finalise, check, supplement, revise or update forward-looking statements or to provide any additional or updated information, regardless of whether new information, future events, results or other factors (including any change in expectations or assumptions) affect the information contained in this presentation. Nothing in this presentation will, under any circumstances (including by reason of this presentation remaining available and not being superseded or replaced by any other presentation or publication with respect to Ramelius, Spartan or the subject matter of this presentation), create an implication that there has been no change in the affairs of Ramelius or Spartan since the date of this presentation. Financial Data All dollar values are in Australian dollars ($ or A$) unless stated otherwise. Investors should be aware that this presentation contains pro-forma financial information and certain other financial information and measures that are “non-IFRS financial information” under Regulatory Guide 230: ‘Disclosing non-IFRS financial information’ published by ASIC and are not recognised under Australian Accounting Standards (AAS) and International Financial Reporting Standards (IFRS). The non-IFRS financial information financial measures do not have a standardised meaning prescribed by the applicable AAS or IFRS, and therefore, may not be comparable to similarly titled measures presented by other entities, nor should they be construed as an alternative to other financial measures determined in accordance with the applicable AAS or IFRS. Although Ramelius and Spartan believe the non-IFRS financial information and financial measures provide useful information to users in measuring the financial performance and condition of Ramelius and Spartan, investors are cautioned not to place undue reliance on any non-IFRS financial information or financial measures included in this presentation. Investors should further note that this presentation contains pro forma and historical financial information. The pro forma and historical financial information provided in this presentation is for illustrative purposes only and should not be relied upon as, and is not represented as, being indicative of Ramelius’ and Spartan’s future financial condition and/or performance. Market and Industry Data Certain market and industry data used in connection with or referenced in this presentation, including in relation to other companies in the peer group of Ramelius and Spartan may have been obtained from public filings, research, surveys or studies conducted by third parties, including as published in industry-specific or general publications. None of Ramelius, Spartan, their respective advisers nor their respective representatives have independently verified any market or industry data provided by third parties or industry or general publications. Effect of Rounding A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this presentation, and any discrepancies in any table between totals and sums of amounts listed in that table or to previously published figures are due to rounding. Photographs and Diagrams Photographs and diagrams in the presentation are for illustration purposes only and should not be interpreted to mean that any person shown in them endorses this presentation or its contents or that the assets shown in them are owned by the Ramelius or Spartan. Diagrams and maps used in this presentation are illustrative only and may not be drawn to scale. Unless otherwise stated, all data contained in charts, graphs and tables is based on information available as at the date of this presentation. JORC Code It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code). Investors outside Australia should note that while ore reserve and mineral resource estimates of Ramelius and Spartan in this presentation comply with the JORC Code (such JORC Code - compliant ore reserves and mineral resources being "Ore Reserves" and "Mineral Resources" respectively), they may not comply with the relevant guidelines in other countries and, in particular, do not comply with (i) National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators (the "Canadian NI 43-101 Standards"); or (ii) Item 1300 of Regulation S-K, which governs disclosures of mineral reserves in registration statements filed with the SEC. Information contained in this presentation describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of Canadian or US securities laws. For personal use only

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46NOOSA MINING CONFERENCE • JULY 2025 46 IMPORTANT NOTICES AND DISCLAIMER Exploration Results, Mineral Resource and Ore Reserve Estimates, and Production Targets Ramelius Mineral Resource and Ore Reserve Estimates The Mineral Resource estimates for the Mt Magnet (excluding the Eridanus open pit and underground deposits and the Hesperus open put deposit), Cue, Rebecca, Roe, Edna May, Symes, Marda, Tampia and Penny (excluding the Penny North and Penny West deposits) projects are extracted from Ramelius’ ASX announcement made on 2 September 2024 titled “Resources and Reserves Statement 2024”. Ramelius confirms that it is not aware of any new information or data that materially affects the information included in that ASX announcement and that all material assumptions and technical parameters underpinning the estimate in that ASX announcement continue to apply and have not materially changed. The Mineral Resource estimates for the Eridanus open pit and underground deposits, Penny North and Penny West deposits and Hesperus open pit deposit are extracted from Ramelius’ ASX announcement made on 11 March 2025 titled “Ramelius’ new 17-Year, 2.1Moz Mine Plan1 at Mt Magnet, up 37% from 2024”. Ramelius confirms that it is not aware of any new information or data that materially affects the information included in that ASX announcement and that all material assumptions and technical parameters underpinning the estimate in that ASX announcement continue to apply and have not materially changed. The Ore Reserve estimates for the Mt Magnet (excluding the Eridanus open pit and underground deposits), Cue, Edna May, Symes, Marda, Tampia and Penny projects are extracted from Ramelius’ ASX announcement made on 2 September 2024 titled “Resources and Reserves Statement 2024”. Ramelius confirms that it is not aware of any new information or data that materially affects the information included in that ASX announcement and that all material assumptions and technical parameters underpinning the estimate in that ASX announcement continue to apply and have not materially changed. The Ore Reserve estimates for the Eridanus open pit and underground deposits, Rebecca project and Roe project are extracted from Ramelius’ ASX announcement made on 11 March 2025 titled “Ramelius’ new 17-Year, 2.1Moz Mine Plan1 at Mt Magnet, up 37% from 2024”. Ramelius confirms that it is not aware of any new information or data that materially affects the information included in that ASX announcement and that all material assumptions and technical parameters underpinning the estimate in that ASX announcement continue to apply and have not materially changed. Production Targets The Production Targets and forecast financial information derived therefrom for the Mt Magnet project is extracted from Ramelius’ ASX announcement made on 11 March 2025 titled “Ramelius’ new 17-Year, 2.1Moz Mine Plan1 at Mt Magnet, up 37% from 2024”. Ramelius confirms that all material assumptions underpinning the Production Targets and forecast financial information derived therefrom in that ASX announcement continue to apply and have not materially changed. Production Targets (continued) The Production Targets and forecast financial information derived therefrom for the Rebecca and Roe projects are extracted from Ramelius’ ASX announcement made on 12 December 2024 titled “Rebecca-Roe Gold Project Pre-Feasibility Study”. Ramelius confirms that all material assumptions underpinning the Production Target and forecast information derived therefrom continue to apply and have not materially changed. Spartan Mineral Resource and Ore Reserve Estimates The Mineral Resource estimates for the Never Never and Pepper Gold deposits are extracted from Spartan’s ASX announcement made on 2 December 2024 titled “High-Grade Resource Hits 2.37Moz @ 8.7g/t as Pepper Soars 99% to 873,400oz @ 10.3g/t”. Spartan confirms that it is not aware of any new information or data that materially affects the information included in that ASX announcement and that all material assumptions and technical parameters underpinning the estimate in that ASX announcement continue to apply and have not materially changed. The Mineral Resource estimates for the Four Pillars, West Winds, Applewood, Plymouth and Sly Fox deposits are extracted from Spartan’s ASX announcement made on 23 July 2024 titled “Highgrade focus delivers 2.48Moz @ 4.79g/t – 47% increase in ounces and 91% in grade”. Spartan confirms that it is not aware of any new information or data that materially affects the information included in that ASX announcement and that all material assumptions and technical parameters underpinning the estimate in that ASX announcement continue to apply and have not materially changed. The Mineral Resource estimate for the Archie Rose deposit is extracted from Spartan’s ASX announcement dated 8 September 2022 titled “Gold Resources increase by 15.6% to 1.37Moz with Resource Grade up by 29%”. Spartan confirms that it is not aware of any new information or data that materially affects the information included in that ASX announcement and that all material assumptions and technical parameters underpinning the estimate in that ASX announcement continue to apply and have not materially changed. The Mineral Resource estimate for the Yalgoo Gold Project is extracted from Spartan’s ASX announcement dated 6 December 2021 titled “24% Increase in in Yalgoo Gold Resource to 243,613oz Strengthens Dalgaranga Growth Pipeline”. Spartan confirms that it is not aware of any new information or data that materially affects the information included in that ASX announcement and that all material assumptions and technical parameters underpinning the estimate in that ASX announcement continue to apply and have not materially changed. For personal use only

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47NOOSA MINING CONFERENCE • JULY 2025 47 IMPORTANT NOTICES AND DISCLAIMER Exploration Results The Exploration Results for the Dalgaranga Gold Project (Gilbey’s, Four Pillars, West Winds, Applewood, Plymouth, Sly Fox, Never Never and Pepper deposits) are based on, and fairly represent, information and supporting documentation prepared by Spartan’s Exploration Manager, Mr Monty Graham, who is a member of The Australasian Institute of Mining and Metallurgy. Mr Graham has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person under the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Graham consents to the inclusion of the Exploration Results for the Dalgaranga Gold Project in the form and context in which they appear in this presentation. The Exploration Results for the Freak deposit are extracted from Spartan’s ASX announcement made on 28 November 2024 titled “New Gold Discovery Confirmed at “Freak” Ahead of Imminent Resource Upgrade”. Spartan confirms that it is not aware of any new information or data that materially affects the information included in that ASX announcement. Pro Forma Pro forma combined Mineral Resource and Ore Reserve estimates in this presentation are based on the aggregate Mineral Resource and Ore Reserve estimates (with rounding) of Ramelius and Spartan. Refer to the Mineral Resource and Ore Reserve estimate tables for each of Ramelius and Spartan on pages 33 to 35 of this presentation respectively for further information. Disclaimer No person other than Ramelius and Spartan has authorised or caused the issue, release, submission, distribution or provision of this presentation, or takes any responsibility for, or makes or purports to make, any statements, representations or undertakings in this presentation. Ramelius and Spartan, to the maximum extent permitted by law, expressly exclude and disclaim all liability (including, without limitation, any liability arising out of fault or negligence on the part of any person) for any direct, indirect, consequential or contingent loss or damage, or for any costs or expenses, arising from the use of this presentation or its contents or otherwise arising in connection with it or the Transaction. Ramelius and Spartan do not make any representations or warranties (express or implied) to you about the Transaction or about the currency, accuracy, reliability or completeness of the information, opinions and conclusions in this presentation (including, without limitation, any financial information, any estimates or projections and any other financial information). By accepting, accessing or reviewing this presentation (or by attending any investor briefing at which this presentation is made), you represent, warrant and agree that you have not relied on any statements made by Ramelius or Spartan in this presentation (including in relation to the Transaction) and that you have read and agree to the terms set out above. For personal use only

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