Ramelius Resources gets Kathleen Valley go-ahead

THE DRILL SERGEANT: Ramelius Resources (ASX: RMS) has declared ‘All Systems Go’ at the company’s Kathleen Valley gold project, located north of Leinster in Western Australia.

Ramelius has received the final outstanding statutory approval to commence mining at the project and has quickly moved to begin site mobilisation and infrastructure.

Open pit mining is expected to commence by 1 July 2015 with first ore being trucked to the Checker mill at Mt Magnet later in the September 2015 Quarter.

“As planned, a key element of our production strategy has fallen into place with final approvals received from the relevant authorities, allowing project commencement in the current June 2015 Quarter,” Ramelius Resources chief executive Mark Zeptner said in the company’s announcement to the Australian Securities Exchange.

“Our selected open pit contractor, Watpac, has commenced mobilisation to site and we are now finalising other related contracts and agreements.

“In the current environment, it is pleasing to be able to kick off a new project with the associated employment and royalty benefits for the state, as well as the strong early cashflows that a high-grade, low cost gold project like Kathleen Valley will deliver.

“Ramelius also looks forward to finalising arrangements for the nearby Vivien gold project, to allow for formal underground mining commencement, in the near future.”

Email: info@rameliusresources.com.au

Website: www.rameliusresources.com.au