Name of the Project
Edna May underground gold project.

Location
The project is located near Westonia, in Western Australia.

Client
Ramelius Resources.

Project Description
Ramelius has opted for an underground operation at the Edna May mine.

A prefeasibility study (PFS) has been completed that makes significant use of the existing Edna May decline.

A second portal access has been proposed at the 1165mRL on the pit ramp. This provides flexibility for waste and ore stockpiling or rehandling within the current pit.

Underground mining will be by long-hole open stoping with rib pillars.

The level interval varies from 16 m to 20 m (floor to floor) to limit up-dip stope length to 18 m. Cemented rock fill sill pillars will be emplaced at midlevels to divide the mine design into two top down stope sequences.

The current mine design focuses only on the Jonathan and Fuji high-grade lodes. There is potential that other high-grade lodes may be identified during mining or that larger low-grade bulk stoping areas become available for extraction.

The current study, is therefore, considered a base case with considerable upside, given the nature of the orebody.

The PFS estimates that 64 417 oz will be mined and 57783 oz will be recovered during the underground operations’ 2.5-year mine life.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
The upfront capital costs for the underground mine is estimated at A$5.9-million.

Duration
Underground mining operations are expected to start in early 2019, with ore production expected from the start of the 2020 financial year.

Latest Developments
None stated.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Ramelius Resources, tel +61 8 9202 1127 or emailinfo@rameliusresources.com.au.