Ramelius declares reserve at Kathleen Valley
PERTH (miningweekly.com) – Gold miner Ramelius Resources has reported a maiden ore reserve of 418 000 t, grading 4.1 g/t gold for 56 000 oz of contained gold at its Kathleen Valley gold project, in Western Australia.
Recent infill drilling at the project has also resulted in a 24% increase in the total mineral resource at Kathleen Valley, which now stood at 1.84-million tonnes, grading 2.8 g/t gold for 163 000 oz of contained gold.
“This is further good news for Ramelius following the recently announced improved performance at our Mt Magnet operations and the high-grade gold intersections at our Blackmans project,” said CEO Mark Zeptner.
He noted that at above 4 g/t reserve grade, the Kathleen Valley project could potentially represent a relatively high-grade openpit operation for Ramelius, which would be more than capable of being trucked to the Checker gold mill, at the Mt Magnet operation.
“Capital costs for the project are expected to be minimal, and importantly, the shallow nature of the Mossbecker deposit will facilitate early gold production and cash flow,” Zeptner said.
A full feasibility study on the Kathleen Valley mine was due shortly.
Ramelius acquired the project in September last year from Xstrata Nickel Australasia Operations, a subsidiary of major Glencore.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation