Ramelius Resources Named 2025 Craig Oliver Award Winner at RIU Explorers Conference
THE CONFERENCE CALLER: Ramelius Resources (ASX: RMS) provided a bookmakers’ surprise when the company was announced as winner of the Craig Oliver Award at the 2025 RIU Explorers Conference in Fremantle.
The win followed a successful 2024 for Ramelius Resources, during which the company delivered an impressive financial performance, noteworthy operational success, and a forward-looking strategy taking the company into what it considers a very bright future.
The company’s objective is to maintain the momentum set during the December 2024 quarter that resulted in record breaking underlying free cash flow, realising $161.1 million for the quarter for total 2024 calendar year generation of $229.5 million.
The love continued over at the company’s Edna May hub where underlying free cash flow realised $32.5 million for the quarter for a calendar year result of $75.3 million with stockpiles continuing to perform above expectations.
Ramelius also completed a In Pre-Feasibility Study (PFS) for its Rebecca-Roe project that demonstrated robust project economics, with a low capital intensity and attractive cash flow forecasts, positioning the project as a valuable asset in Ramelius’ development pipeline.
A final Investment Decision for Rebecca-Roe is expected in the September 2025 Quarter.
Jaxon Crabb and Stewart McDonald of RIU/Vertical Events watch on as Hanna Oliver presents Mark Zeptner of Ramelius Resources with the 2025 Craig Oliver Award
Accepting the award from Craig Oliver’s daughter Hanna Oliver, Ramelius Resources managing director Mark Zeptner said, “It’s actually a very pleasant surprise receiving this award today honouring the legacy of Craig Oliver.
“I note that it is an all-rounder award and I would like to feel that we fit that criteria very well.
“We are a cash flow generating producer, we have been a successful acquirer and, in my mind, an underrated explorer.
“We don’t do this for awards, but I think it is deserved recognition of the broader Ramelius team over a lot of years.”
Zeptner did well to acknowledge the award’s ‘all-rounder’ criteria.
Judges for the award noted the company had consistently demonstrated its ability to deliver shareholder value through a strong financial position and robust cash flow generation.
With a healthy balance sheet and a disciplined approach to capital management, the company reported a 40 per cent increase in year-on-year revenue to $882.6 million and $462.2 million underlying EBITDA for FY24 that outpaced many of its peers in the gold mining sector.
The company also greatly reduced its debt and positioned itself for long-term growth via its 10-year mine plan at Mt Magnet and exploration opportunities.
Ramelius has a market cap of $3.01 billion and cash and gold of $501.7 million as at 31 December 2024.
RIU Explorers Conference managing director Stewart McDonald said Ramelius Resources was a deserved winner of the 2025 Craig Oliver Award.
“While all three nominees have notched up significant achievements throughout 2024, Ramelius was the one that really stood out in terms of its exceptional gold production success, strong financial position and significant future growth prospects,” McDonald said.
“I congratulate Mark and the Ramelius team with this prestigious win.”
Other companies nominated this year for the 2025 Craig Oliver Award were:
BCI Minerals (ASX: BCI) an Australian-based mineral resources company which is progressing its 100 per cent-owned Mardie salt and potash project, located on the Pilbara coast in the centre of Western Australia.
Spartan Resources (ASX: SPR) an ASX-listed gold company that is pursuing a focused high-grade
gold exploration and development strategy centred on its 100 per cent-owned Dalgaranga gold project also in WA.