Ramelius Resources Limited announced new estimates of Mineral Resources and Ore Reserves as at 30 June 2023, with Mineral Resources up 23%. Total Mineral Resources are estimated to be: 160 Mt at 1.5 g/t Au for 7.6 Moz of gold. Total Ore Reserves are estimated to be: 18 Mt at 1.6 g/t Au for 930 koz of gold.

Acquisition of the Roe project delivered a significant increase to Mineral Resources and work is in progress to generate Ore Reserves for this project. Roe (1.7Moz) and Rebecca (1.4Moz) - combined project with study update expected in early calendar 2024. Bartus (202koz) - open pit and underground studies commenced.

Penny (tba) - Mineral Resource extensions to be announced separately based on recent 13,000m drilling program including those results received post 30 June 2023. The board approved exploration budget for FY24 is $30M with focus areas including Mt Magnet, Penny and the Rebecca/Roe area. Historical Mineral Resource growth is shown in the table below.

Tampia mining operations commenced in April 2021 and ceased in May 2023. The deposit is hosted within amphibolite facies mafic rocks, 12km SE of Narembeen in the WA wheatbelt. Gold is hosted within shallow dipping lode/shear zones and associated with arsenopyrite.

Ore is hauled 140km to Edna May for milling. Large site stockpiles have been generated and will continue to feed the Edna May processing facility throughout the 2024 financial year.