For thousands of other reports visit RSC's Mineral Intellingence Map
Ramelius Resources Ltd.
Summary
| Project: | Mt Magnet | |
|---|---|---|
| Deposit: | Mt Magnet | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-8-2018: Ramelius Resources Ltd. announces a Resource Estimation report for its Mt Magnet deposit at the Mt Magnet project. Updated mineral resource and ore reserve estimate at Mt Magnet. Ramelius Resources Limited (ASX:RMS) is pleased to announce new in | |
| Resources: | (Reserve, Prob): 324Kt @ 5.2g/t Au at Shannon deposit, 209Kt @ 3.5g/t Au at Hill 60 deposit | |
| CP/QP: | [Resources]: Rob Hutchinson (Internal) | |
| ABSTRACT: | Ramelius Resources Limited (ASX:RMS) is pleased to announce new increases in Mt Magnet’s Hill 60 and Shannon Mineral Resources, a maiden open pit Mineral Resource at Eridanus and maiden underground Ore Reserves at Hill 60 and Shannon. New drilling for the deposits was conducted from late 2017 to June 2018, as detailed in ASX Releases covering the last three Quarterly Activities Reports and an Exploration announcement in March 2018. Managing Director, Mark Zeptner said: “Our exploration team continues to deliver new discoveries and life extensions at our Mt Magnet Operations, with the mix of bulk open pit and high-grade underground ore feed providing an optimal production profile through the mill. Pleasingly, our strategic tenement position continues to yield positive results, with a discovery cost of approximately $40 per resource ounce over the last 12 months, thereby justifying our continued investment into exploration in the region.” “We clearly have a plan to be a mid-tier gold producer in the short to medium term and, combined with Vivien and Edna May, we are forecasting to produce in excess of 200,000 ounces again in FY2019 at healthy margins. Our presentation at the Diggers and Dealers Conference in Kalgoorlie this week will further outline our mid-tier gold producer vision”, said Mr Zeptner. | |
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