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(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.
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