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Ramelius Resources Provides September 2021 Quarterly Activities Report

21 Oct 2021  |  08:24:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: September 2021 Quarterly Report & Bartus East drill results

Ramelius Resources provided September 2021 quarterly activities report. Cash and gold on hand increased to A$273.9m (June 2021 Quarter: A$234.0m) after receipt of payment for the sale of Kathleen Valley lithium royalty (A$30.25m) and further investment in the development of the Company's portfolio, including A$7.4m on exploration and A$18.9m in project development costs. The forecast exploration expenditure for FY 2022 remains A$32.1m, with A$19.0m budgeted for H1 of FY 2022 and A$13.1m for H2.

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