Tag: Ramelius Resources

Federal and WA governments go for gold

Federal and WA governments go for gold

AUSTRALIA’S national science agency CSIRO and the WA Government have teamed up to research mineralisation in the Yilgarn province, potentially unlocking new gold deposits in the area 400km east of Perth, WA. The eastern Yilgarn region has historically had fewer gold discoveries than its neighbouring, richly endowed eastern Goldfields region, despite sharing Archean geology from over 2,500 million years ago. Researchers discovered distinctive patterns in the chemical alteration of surrounding rocks during the formation of ancient gold deposits during the Archean period. Through the Minerals Research Institute of WA (MRIWA), the WA Government has invested in research to support future mineral exploration and understand chemical patterns in ancient rocks. WA mines and petroleum minister Bill Johnston said the discovery of...

Ramelius Resources: Opportunity Knocks

Ramelius Resources: Opportunity Knocks

All images: Ramelius Resources. BY REUBEN ADAMS THE acquisition of Edna May in late 2017 represents a step change for Ramelius Resources. The estimated 54 per cent uplift in annual gold production pushes Ramelius through the 200,000ozpa ceiling, while a rock-solid balance sheet paves the way for further growth. Ramelius Resources chief executive Mark Zeptner presented at the Denver Gold Forum in September last year, just after a complex $90m agreement to acquire Evolution Mining’s Enda May gold mine in WA was locked in. The deal represented the next step in the company’s strategy to build on the strength of its existing WA operations at Mt Magnet and Vivien and establish itself as a profitable and sustainable...