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Ramelius Resources Ltd.
Summary
| Project: | Edna May | |
|---|---|---|
| Deposit: | Edna May | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2018: Ramelius Resources Ltd. announces a Resource Estimation report for its Edna May deposit at the Edna May project. Updated mineral resource and ore reserve estimate at Edna May in annual statement. The Directors of Ramelius Resources Limited (ASX | |
| Resources: | (Reserve, Prob.): 5.5Mt @ 1.1g/t Au for 200Koz Au contained at Edna May | |
| CP/QP: | [Resources]: Rob Hutchinson (Internal) | |
| ABSTRACT: | The Directors of Ramelius Resources Limited (ASX: RMS) are pleased to announce new estimates of Mineral Resources and Ore Reserves as at 30 June 2018, with Mineral Resources up 36% and Ore Reserves up 54% for the year, after mining depletions. Additions for both Mineral Resources and Ore Reserves were largely due to exploration success at Eridanus, Hill 60 and Shannon at Mt Magnet and the acquisition of the Edna May project. These deposits all saw additional drilling, resource modelling and mine feasibility work completed during the year. Managing Director, Mr Mark Zeptner today said: “Once again, we have seen a healthy overall increase in both Mineral Resources and Ore Reserves at Ramelius, whilst at the same time delivering record production of more than 200,000 ounces of gold for the 2018 financial year. On top of almost 700,000 ounces of Reserves, the potential acquisition for Ramelius of the Marda Project ¹ will add notable ounces to this position. In addition, if the takeover offer for Explaurum Limited² is successful in securing the Tampia Hill Project, further significant reserves will be realised to consolidate the Company as a plus 200,000 ounce per annum producer going forward.” Detailed tables of Resources and Reserves are shown below. Ramelius owns and operates the Mt Magnet, Edna May and Vivien gold mines, all in Western Australia (refer Figure 1). Ore from the high-grade Vivien underground mine, located near Leinster, is trucked to the Mt Magnet processing plant where it is blended with ore from both underground and open pit sources. The Edna May operation, purchased from Evolution Mining Limited in October 2017, is currently a single open pit operation feeding an adjacent processing plant. | |
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