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Cue Project Approved for Commencement

HIGHLIGHTS
 Key Mining Proposal approval received from DEMIRS.
 Pre-Feasibility Study (PFS) completed utilising internal and external technical expertise;
o Mineral Resources1  10Mt at 2.0g/t Au for 660koz (open pit)
 1.6Mt at 4.8g/t Au for 250koz (underground)
 12.0Mt at 2.4g/t Au for 910koz (total) o Maiden Ore Reserve2
 2.7Mt at 2.9g/t Au for 250koz (open pit only with underground evaluation targeted for September 2024)
o Updated Mineral Resources and Reserves do not incorporate the latest 2024 drilling program, which is planned to be incorporated and released in September 2024.
o Upfront capital cost of A$26.6M o AISC of A$1,585/oz
o Metallurgical recovery of 92.7% o Pre-tax NPV6% of A$266M @ A$3,000/oz
o Payback of 7 months

 Board has approved commencement, with early works expected in June 2024.

Ramelius Resources Limited (ASX: RMS) (“Ramelius”, the Company”) is pleased to provide an update on the Cue Project, 40km north of the Mt Magnet gold mine, within its portfolio of gold assets in Western Australia.
Managing Director, Mark Zeptner, today said: “Our key operating mines continue to perform well, tracking at the higher end of guidance and in accordance with our recently released Mt Magnet 10-Year Plan3 .
The Cue Project will deliver ore to the Mt Magnet hub in parallel with the Penny high grade ore.
This high margin combination will deliver significant returns with our cash balance already exceeding A$500M4 .
Additional underground potential still remains at both Cue and Penny.”

part of a larger release

i hold RMS

<blockquote data-quote="divs4ever" data-source="post: 1281928" data-attributes="member: 86149">Cue Project Approved for Commencement&nbsp;HIGHLIGHTS&nbsp; Key Mining Proposal approval received from DEMIRS. Pre-Feasibility Study (PFS) completed utilising internal and external technical expertise;&nbsp;o Mineral Resources1  10Mt at 2.0g/t Au for 660koz (open pit)  1.6Mt at 4.8g/t Au for 250koz (underground)  12.0Mt at 2.4g/t Au for 910koz (total) o Maiden Ore Reserve2&nbsp; 2.7Mt at 2.9g/t Au for 250koz (open pit only with underground evaluation targeted for September 2024) o Updated Mineral Resources and Reserves do not incorporate the latest 2024 drilling program, which is planned to be incorporated and released in September 2024.&nbsp;o Upfront capital cost of A$26.6M o AISC of A$1,585/oz o Metallurgical recovery of 92.7% o Pre-tax NPV6% of A$266M @ A$3,000/oz o Payback of 7 months  Board has approved commencement, with early works expected in June 2024.&nbsp;Ramelius Resources Limited (ASX: RMS) (“Ramelius”, the Company”) is pleased to provide an update on the Cue Project, 40km north of the Mt Magnet gold mine, within its portfolio of gold assets in Western Australia.&nbsp;Managing Director, Mark Zeptner, today said: “Our key operating mines continue to perform well, tracking at the higher end of guidance and in accordance with our recently released Mt Magnet 10-Year Plan3 .&nbsp;The Cue Project will deliver ore to the Mt Magnet hub in parallel with the Penny high grade ore.&nbsp;This high margin combination will deliver significant returns with our cash balance already exceeding A$500M4 .&nbsp;Additional underground potential still remains at both Cue and Penny.” &nbsp;part of a larger release &nbsp;i hold RMS</blockquote>

[QUOTE="divs4ever, post: 1281928, member: 86149"] Cue Project Approved for Commencement HIGHLIGHTS  Key Mining Proposal approval received from DEMIRS.  Pre-Feasibility Study (PFS) completed utilising internal and external technical expertise; o Mineral Resources1  10Mt at 2.0g/t Au for 660koz (open pit)  1.6Mt at 4.8g/t Au for 250koz (underground)  12.0Mt at 2.4g/t Au for 910koz (total) o Maiden Ore Reserve2  2.7Mt at 2.9g/t Au for 250koz (open pit only with underground evaluation targeted for September 2024) o Updated Mineral Resources and Reserves do not incorporate the latest 2024 drilling program, which is planned to be incorporated and released in September 2024. o Upfront capital cost of A$26.6M o AISC of A$1,585/oz o Metallurgical recovery of 92.7% o Pre-tax NPV6% of A$266M @ A$3,000/oz o Payback of 7 months  Board has approved commencement, with early works expected in June 2024. Ramelius Resources Limited (ASX: RMS) (“Ramelius”, the Company”) is pleased to provide an update on the Cue Project, 40km north of the Mt Magnet gold mine, within its portfolio of gold assets in Western Australia. Managing Director, Mark Zeptner, today said: “Our key operating mines continue to perform well, tracking at the higher end of guidance and in accordance with our recently released Mt Magnet 10-Year Plan3 . The Cue Project will deliver ore to the Mt Magnet hub in parallel with the Penny high grade ore. This high margin combination will deliver significant returns with our cash balance already exceeding A$500M4 . Additional underground potential still remains at both Cue and Penny.” part of a larger release i hold RMS [/QUOTE]

Verification