Microsoft Word - ASX RELEASE 20160107 Guidance Exceeded - December 2015 Quarter FINAL.docx
11th January 2016
For Immediate Release
GOLD PRODUCTION GUIDANCE EXCEEDED - DECEMBER 2015 QUARTER
Ramelius Resources Limited (ASX: RMS) is pleased to announce that the gold production guidance range for the December 2015 Quarter has been exceeded by 11% with 27,793 ounces produced from the Company's operations in Western Australia. A brief update on operational, development & corporate activity follows.
11 January 2016
ISSUED CAPITAL
Ordinary Shares: 473M
DIRECTORS
NON-EXECUTIVE CHAIRMAN:
Robert Kennedy
NON-EXECUTIVE DIRECTORS:
Kevin Lines Michael Bohm
MANAGING DIRECTOR:
Mark Zeptner
www.rameliusresources.com.au [email protected]
RAMELIUS RESOURCES LIMITED
Registered Office
Suite 4, 148 Greenhill Road Parkside, Adelaide
South Australia 5063
Tel +61 8 8271 1999
Fax +61 8 8271 1988
Operations Office
Level 1, 130 Royal Street East Perth WA 6004
Tel 08 9202 1127
Fax 08 9202 1138
OPERATIONS
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Group quarterly production of 27,793 ounces (Guidance: 23-25,000oz)
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Mt Magnet contribution of 11,834 ounces (Guidance: 12,000oz)
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Kathleen Valley contribution of 15,959 ounces (Guidance: 12,000oz)
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AISC/oz is expected to be significantly lower than Guidance of A$1,250/oz
DEVELOPMENT
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Vivien Gold Mine - 1,446 metres of total development achieved, including 847 metres in the decline, ready for development ore mining and hauling in the March 2016 Quarter
CORPORATE
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Cash & gold on hand increased to A$39.8M (Sept 2015 Qtr: A$39.2M)
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A$10.0M expenditure on capital development at Vivien (A$6.3M), Kathleen Valley - Yellow Aster pit pre-strip (A$2.7M) & exploration (A$1.0M) in the Quarter
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Nil corporate debt
Ramelius Managing Director, Mark Zeptner today said:
"Another excellent quarter from the operations teams at all three sites has seen Ramelius complete an excellent year in 2015, leaving the company very well placed heading into 2016. I look forward to the commencement of ore haulage from the Vivien Mine this quarter as well as growing the overall life-of-mine of the business, whether that be by brownfields exploration at Milky Way for example or by project acquisition".
"Further to this, drilling will commence this week beneath the Milky Way open pit and also at Kathleen Valley, looking for additional mine-life extensions."
Further details will be available in the full quarterly report later this month. For further information contact:
Mark Zeptner Duncan Gordon
Managing Director Executive Director
Ramelius Resources Limited Adelaide Equity Partners
Ph: (08) 9202 1127 Ph: (08) 8232 8800