For thousands of other reports visit RSC's Mineral Intellingence Map
Ramelius Resources Ltd.
Summary
| Project: | Marda | |
|---|---|---|
| Deposit: | Marda | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 17-6-2019: Ramelius Resources Ltd. announces a Resource Estimation report for its Marda deposit at the Marda project. Updated mineral resources and ore reserves at project. Ramelius Resources Limited (ASX:RMS) (“Ramelius”, “the Company”) is pleased to pro | |
| Resources: | (Reserve, Prob.): 1.1Mt @ 2.4g/t Au for 89Koz Au contained | |
| CP/QP: | [Resources]: Rob Hutchison (Internal) | |
| ABSTRACT: | Ramelius Resources Limited (ASX:RMS) (“Ramelius”, “the Company”) is pleased to provide a significantly upgraded Life of Mine plan, along with updated Mineral Resource and Ore Reserve positions, to shareholders from its portfolio of assets located in Western Australia (refer Figure 5). This mine plan confirms the ability of Ramelius to produce in excess of 1,000,000oz at an average AISC of A$1,220 - A$1,320/oz over a five year mine life with the potential to deliver further resource extensions from current operations. In addition, Ramelius wishes to provide an update on the outcome of the Strategic Review over the Company’s recently acquired Tampia gold project near Narembeen, WA. The review has confirmed the economic benefits of open pit mining at Tampia and trucking ore to a modified Edna May processing plant approximately 140km to the north. Ramelius Managing Director, Mark Zeptner, said: “This is a landmark result in the history of Ramelius Resources. Although we have been a successful gold miner for more than 10 years, we have never been in a position to demonstrate such a significant mine life. It is a testament to all of our team that we can now articulate a long-term plan with production scale, strong margins and an achievable approach to reserve replacement that gives us confidence that this visibility around mine life is here to stay.” Ramelius Chairman, Kevin Lines, said: “This new mine plan, coupled with what we expect to be strong operating margins, allows Ramelius significant flexibility in pursuing additional value accretive acquisitions as well as opening the door for consistent dividend payments in accordance with the policy announced at our AGM in 2018.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report