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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.

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