Ramelius increases gold resources in Western Australia


Editor’s Note: With such market volatility, stay up to date with the daily news! In minutes, discover our quick summary of today’s must-see news and expert opinions. Register here !

(Kitco News) – Australian gold miner Ramelius Resources (ASX: RMS) announced today that as of June 30, 2021, its mineral resources were up 15%, after mining was depleted.

The company’s total mineral resources are estimated at 110 Mt at 1.6 g / t Au for 5.4 Moz of gold, and the total ore reserves are estimated at 17 Mt at 2.0 g / t Au for 1 , 1 Moz of gold.

Ramelius explained that increases in mineral resources have been achieved through exploration drilling and resource additions at Ramelius’ Eridanus, Galaxy and Edna May gold projects in Western Australia.

The company said: “As in previous years, Ramelius’ ability to consistently meet production targets has been underpinned by realistic resource modeling and deliverable reserve estimates.

The company added that its ore reserves have been maintained, with mine depletions corresponding to additions. Studies on converting new resources into reserves are underway, Ramelius noted.

Ramelius Resources is a Western Australian gold producer that has been listed on ASX since 2003 and in production since 2006. Ramelius currently operates the Mt Magnet, Vivien, Edna May and Marda gold mines and processing plants. partners in Western Australia.

Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. This is not a solicitation to trade in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for any loss and / or damage resulting from the use of this publication.


Leave A Reply