65,000m Drilling Campaign Yields High-Grade Gold Across Ramelius Projects

Robust Drilling Campaign Bolsters Ramelius’ Growth Prospects

Ramelius Resources Ltd has delivered a compelling exploration update following an extensive 65,000-metre drilling campaign across its key gold projects in Western Australia. The company’s strategic focus on high-grade discoveries through both infill and extensional drilling has yielded exceptional assay results, underpinning a strengthened five-year production outlook.

Highlights include remarkable intercepts such as 35.3 metres at 16.0 grams per tonne (g/t) gold from 104.7 metres at the Never Never deposit within the Dalgaranga Gold Project, and a standout 0.5 metre intercept grading an extraordinary 8,590 g/t gold at the Hesperus prospect in the Galaxy Mine Area near Mt Magnet. These results not only confirm existing resource models but also reveal significant upside potential.

Expanding Resource Definition and Exploration Targets

At Dalgaranga, underground infill drilling at Never Never and Four Pillars continues to validate previous resource estimates, with multiple high-grade zones identified. Surface drilling at Plymouth has returned promising results, including 4.0 metres at 42.6 g/t gold, supporting further exploration in the region.

Meanwhile, at Mt Magnet’s Galaxy Mine Area, resource definition drilling at Mars and Saturn deposits has identified additional mineralisation beneath existing underground mines. Ramelius has set an exploration target ranging between 6.0 to 7.0 million tonnes at grades of 2.1 to 2.6 g/t gold, potentially containing 400,000 to 600,000 ounces. This target remains conceptual but signals substantial growth prospects if realised.

Regional Prospects and Underground Extensions

Further afield, drilling at the Cue Gold Project’s Break of Day deposit has revealed high-grade extensions beneath planned open pit mining areas, with assays such as 7.47 metres at 35.8 g/t gold. The Penny Gold Project has also seen significant underground drilling, uncovering laminated quartz veins with grades up to 77.1 g/t gold, suggesting potential to extend the mine life.

Ramelius is actively advancing resource definition and exploration drilling at multiple prospects including Windbag, Titan, Franks Tower, and regional targets like Austin North and Rebecca-Roe. The company’s exploration team, led by Executive General Manager Peter Ruzicka, emphasises the exceptional exploration upside across these projects, which could translate into increased production profiles in the coming years.

Outlook and Market Engagement

Ramelius has scheduled a quarterly investor conference call featuring senior exploration and geology management to discuss these results in detail, signalling transparency and engagement with the market. The company’s methodical approach to converting inferred resources to indicated categories and extending mineralisation through both underground and surface drilling programs will be closely watched by investors and analysts alike.