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Ramelius Resources Limited
Ramelius Resources Limited
02/06/2012 | Press release
Production Update
distribué par noodls le 02/05/2012 21:54
6 February 2012
For Immediate Release
Production Update
Highlights
• Higher mill throughput and gold grade for Wattle Dam
• Mt Magnet moving to full production
6 February 2012
ISSUED CAPITAL
Ordinary Shares: 336M
DIRECTORS
Chairman:
Robert Kennedy
Non Executive Directors:
Reg Nelson
Kevin Lines Managing Director: Ian Gordon
www.rameliusresources.com.au info@rameliusresources.com.au
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
Ramelius Resources Limited (ASX: RMS) provides the following
update on its operations in Western Australia.
Wattle Dam
Stoping in Block D has continued on budget during January and
the Company now has approximately two months of ore available
for milling on the Wattle Dam and Burbanks ROM pads.
Grade through the mill increased to 12.7 g/t during January,
with higher throughput and estimated gold production for the
month of 6,000 ounces. At the current gold price this
represents an operating profit of approximately $6m for the
month.
Mt Magnet
Mining continues to track on budget, with 500,000 BCM of
material moved in each month of November, December and
January. The treatment plant refurbishment was completed in
late December, with commissioning activities commenced during
January. A ramp up of milling to 24 hour operations has
commenced and will be completed in the coming weeks, with
full production expected in March 2012.
For further information contact:
Ian Gordon, Managing Director, 08 9202 1127
Duncan Gordon, Investor Relations, 0404 006 444