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ramelius resources ltd (RMS) Snapshot

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08/26/13 - A$0.24
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07/4/14 - A$0.06
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ramelius resources ltd (RMS) Details

Ramelius Resources Limited is engaged in the exploration, mine development and operation, and sale of gold in Australia and the United States. It primarily explores for gold and nickel deposits, as well as offers milling services. The company is headquartered in East Perth, Australia.

ramelius resources ltd (RMS) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: A$403.0K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$322.0K
General Manager of Exploration & Business Dev...
Total Annual Compensation: A$266.0K
General Manager of Mt Magnet Gold Project and...
Total Annual Compensation: A$323.0K
Compensation as of Fiscal Year 2013.

ramelius resources ltd (RMS) Key Developments

Ramelius Resources Limited Announces Production Results for the Quarter Ended June 2014

Ramelius Resources Limited announced production results for the quarter ended June 2014. For the quarter, the company announced group quarterly production of 25,422 fine ounces of gold and Mt Magnet quarterly production of 19,215 fine ounces of gold. Coogee/Burbanks quarterly production of 6,207 fine ounces of gold and cash costs are also expected to be lower than for the March 2014 Quarter as operational improvements take effect.

Ramelius Resources Limited Acquires Kathleen Valley Gold Project

Ramelius Resources Limited announced a further broadening of the company's gold operations in Western Australia. Ramelius has signed a sale and purchase agreement with Xstrata Nickel Australasia Operations Pty Limited (XNAO), a subsidiary of Glencore pic, and with Giralia Resources Pty Limited to acquire 100% of the XNAO Kathleen Valley tenements and 100% of the tenements held by XNAO and Giralia as the participants in the Kathleen Valley and Mount Harris Joint Ventures. Upon completion of the sale and purchase agreement, the signing of ancillary Deeds of Assumption and Assignment plus a Nickel Offtake and Clawback Agreement with XNAO, Ramelius will pay XNAO AUD 3.645 million cash for 100% of its Kathleen Valley tenements. In addition, Ramelius has agreed to pay AUD 405,000 cash to acquire 100% of the adjacent Kathleen Valley Joint Venture and Mt Harris Joint Venture.

Ramelius Resources Limited Announces High Grade Gold Drilling Results from Reverse Circulation Exploration Drilling

Ramelius Resources Limited announced that new high grade gold assay results are now available from Reverse Circulation (RC) exploration drilling recently completed at the company's Vivien gold project near Leinster and Ramelius' 100% owned Coogee gold project south of Kalgoorlie, both in Western Australia. Ramelius completed a series of RC drill holes designed to test for up-dip continuity and shallow plunging repetitions to the high grade mineralization intersected during the company's 2013 drilling campaign at Vivien An aggregate 1,515m was drilled from 5 holes (WRC 1000 to 1005). The drilling scoped for possible extensions to the new hangingwall lode intersected in WDD 1005 (6.7m at the rate of 8.29 g/t Au) and returned encouraging gold mineralization up to 9 meter at 2.88 g/t Au from 127m including 1m at 10.7 g/t Au in WRC1000 hanging wall mineralization is continuing. The company subsequently completed an aggregate 2,887m from 13 RC drill holes (WRC 1006 to 1018) to confirm the plunge of the high grade mineralization.


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