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Ramelius Resources Ltd.
Summary
| Project: | Symes Option | |
|---|---|---|
| Deposit: | Symes Option | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/31/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-1-2019: Ramelius Resources Ltd. announces an Exploration/Drilling Update report for its Symes Option deposit at the Symes Option project. Drilling results incl. 8.0m @ 43.23g/t Au from 5m. Managing Director, Mark Zeptner, today said: “We are very pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Seymour (Internal) | |
| ABSTRACT: | Managing Director, Mark Zeptner, today said: “We are very pleased to have maintained our 200,000 ounce annual run-rate despite the delays to the Greenfinch project at Edna May. By bringing forward the Edna May underground project, now fully approved for mining, the operations team has been able to offset any production delays. Greenfinch approval is still assumed for April 2019 but importantly the FY2019 guidance released today does not include any ounces from Greenfinch. The benefit of investment in projects at both Mt Magnet and Edna May this half is virtually immediate, as initial estimates put the Company’s FY2020 full year production in the range of 230-250,000 ounces. This estimate includes a contribution from the Marda Gold Project, but does not include any contribution from the Tampia Hill project, owned by Explaurum Limited. On the Corporate front, we note that our takeover offer for Explaurum Limited is now close to completion with the Directors of Explaurum recommending and having accepted the offer. Ramelius now holds a shareholding in Explaurum close to the 90% compulsory acquisition threshold and we look forward to swiftly progressing our planned Strategic Review of the key Tampia Hill Gold Project during the first half of this year”. | |
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