Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

Ramelius Resources Extends Life of Mine Plan by 34% to 1.45Moz Au

30 Jun 2020  |  08:19:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Ramelius extends Life of Mine Plan by 34% to 1.45Moz Au

Ramelius Resources provided a further update to its LOMP, along with associated updated Mineral Resource and Ore Reserve positions for the Penny Gold Project, from its portfolio of assets located in WA. The new mine plan confirms the Company's ability to produce in excess of 1.4Moz gold at an average AISC of A$1,250 - A$1,350/oz over a six year mine life with the potential to deliver further resource extensions from current operations, whilst retaining the ability to also grow through acquisition. In addition, Company has incorporated the results of the PFS for the Company's newly acquired Penny Gold Project south-east of Mt Magnet in WA.

Please click here for full details

See more ASX300 News Announcements