PRODUCTION UPDATE – FULL YEAR 2021

021

HIGHLIGHTS
• Record Full Year gold production of 272,109oz (Guidance 275,000 – 280,000oz)
• June 2021 Quarterly gold production of 61,840oz (Guidance: 65,000 - 70,000oz)
• Cash and gold balance of A$234.0M (Mar 2021 Qtr: A$230.6M)
Ramelius Resources Limited (ASX: RMS) (“Ramelius”, “the Company”) wishes to advise that
despite producing slightly below Guidance for the June 2021 Quarter with 61,840 ounces of gold,
it has produced a Company Record of 272,109 ounces for FY2021 which is above the mid-point of
the original Guidance of 260,000 – 280,000 ounces, set at the start of the financial year.
Importantly, the full year AISC is expected to remain within the latest Guidance of A$1,280 –
1,330/oz.
A provisional update on operations and finance follows.
OPERATIONS
Group Quarterly gold production of 61,840oz (Guidance: 65,000 - 70,000oz):
• Mt Magnet (incl. Vivien) – 35,208oz
• Edna May (incl. Marda) – 26,632oz
During June 2021, several minor issues had a cumulative impact on gold production at the Edna
May production centre. In particular, numerous rainfall events in the region reduced haulage
volumes from the Marda operation, periodic personnel shortages impacted production from the
Edna May underground operation, and the COVID-19 related lockdown at the end of the month
limited the Company’s ability to over-achieve late in the Quarter.
Ore haulage from the Tampia gold mine to the Edna May processing facility commenced on 1st July
2021, as scheduled by the Company. The Tampia haul route is predominantly sealed and therefore
will be impacted less than the Marda route, which includes a 100km gravel section, during rainfall
events.
FINANCE & FORWARD GOLD SALES
Cash and gold on hand increased to A$234.0M as at the end of the Quarter (Mar 2021 Qtr:
A$230.6M) after the final repayment on the finance facility of $8.1M and continued investment into
the development of Ramelius’ portfolio.
The movement in net cash and gold, showed an increase of A$11.5M over the Quarter. The
Company finished the Quarter with a net cash position of A$234.0M (Mar 2021 Qtr: A$222.5M).
Ramelius continues to deliver gold into its forward sales book as the current schedule requires,
with a Quarter end position of 206,000 ounces at an average price of A$2,335/oz.
Further details will be available in the full Quarterly Report later this month. This ASX
announcement was authorised for release by the Board of Directors.

courtesy of Bell Direct
=========================================================================

DYOR

i hold RMS .. a fairly recent buy

hmmm a miss , will it cause a big enough dip to tempt me for a second bite

PRODUCTION UPDATE
Ramelius Resources Limited (ASX: RMS) (“Ramelius”) provides the following update on the
gold production estimate for FY22.
Due to more persistent rain than forecast, especially recently, on some of the haulage routes
to both the Mt Magnet and Edna May operations, ongoing staff shortages due to COVID /
influenza and a lower than forecast head grade from Tampia, it is expected that gold
production for FY22 will fall marginally short of the current guidance range of 260,000 –
265,000 oz. This is despite the best efforts of the Ramelius and contractor teams in a
challenging operating environment across the Western Australian resources industry.
The production estimate for FY22, based on gold outturns received this week and updated
road haulage and head grade estimates, has been revised down to 255,000 to 260,000 oz.
Despite the revised production guidance, it is presently too early to provide a definitive view
on the All-In Sustaining Costs for FY22; however, at this stage there is no reason to expect
a change from the previously provided range of A$1,475 - $1,525/oz, though likely at the
higher end.
Ramelius will confirm the actual results for FY22 and provide guidance for FY23 when the
June Quarterly report is released later in July.
This ASX announcement was authorised for release by the Board of Directors.

courtesy of Bell Direct
=========================================================================

DYOR

i hold RMS