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Ramelius Unveils 1.6Moz Never Never Ore Reserve and 5Mtpa Mt Magnet Expansion
8:40am on Tuesday 28th of October, 2025 AEDT
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Mining
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Ramelius Unveils 1.6Moz Never Never Ore Reserve and 5Mtpa Mt Magnet Expansion
8:40am on Tuesday 28th of October, 2025 AEDT
Key Points
Maiden 1.6Moz ore reserve at Never Never underground deposit
Mt Magnet processing plant expansion to 5Mtpa with dual comminution circuits
11-year mine life targeting 1.9Moz gold production at A$1,128/oz AISC
After-tax NPV5% of A$3.5 billion at A$4,500/oz gold price
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