I already read elsewhere that Iwi were already consulted for Heritage/Cultural consideration, and their approval was given before mining permit was granted.
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Hey Stumpy,
All mining permits and exploration permits are, i suspect the people in each hapu are twitching at resource consents. i dont know this for sure, but heard that somewhere
Not really a peer company sorry mate RMS has two gold plants giving total 2mtpa potential production of gold ore (only the checkers plant is in operation) From reading the link you provided NTL are toll treating a small amount of high grade au ore ...to bring in 100k NZD
currently RMS are producing 2.5-3mill AUD worth of gold per week....
GUIDANCE ACHIEVED AFTER NEAR RECORD GOLD
PRODUCTION AT MT MAGNET – MARCH 2015 QUARTER
Ramelius Resources Limited (ASX: RMS) is pleased to announce that gold
production guidance has once again been achieved for the March 2015 Quarter,
on the back of near record production of 22,655 ounces from the Mt Magnet gold
mine in Western Australia. A brief update on operational, development and
corporate activity follows.
OPERATIONS
• Mt Magnet quarterly production of 22,655 fine ounces of gold
(Guidance: 21,000-23,000oz)
• Cash cost and All-In Sustaining Cost (AISC) are expected to be below
Guidance of A$1,000/oz and A$1,100/oz respectively
DEVELOPMENT
• Vivien Gold Project (WA) – Funding in final stages of due diligence, project
fully permitted, ready for June 2015 Quarter commencement of
underground mine portal
• Kathleen Valley Gold Project (WA) – BFS completed in February 2015,
environmental permitting nearing completion, targeting June 2015 Quarter
for commencement of open pit mining
CORPORATE
• Cash & gold on hand increased to A$35.8M (Dec Qtr: A$24.7M),
representing a further A$11.1M or 45% increase in the period, nil debt
Ramelius Chief Executive, Mark Zeptner today said:
“The turnaround at Mt Magnet and Ramelius is in full swing now with four
consecutive quarters of achieving production Guidance. Combined with a stronger
A$ gold price, this has resulted in a substantial boost to cash & gold on hand,
which currently represents approximately 7.6 cents per share.”
“The cash generating ability of our Mt Magnet operation, backed by an Ore
Reserve of more than 300,000 ounces, is the result of a sustained effort by our
operations team and is underpinning our strategy of building a profitable gold
business. With two new high grade mines coming on stream shortly, Ramelius is
well placed to take advantage of the current Australian dollar gold price.
RMS breakout from 15c resistance ....>>>> 20c here we come
Ramelius signs on for Clancy project 30TH APRIL 2015 BY: ESMARIE SWANEPOEL EMAIL THIS ARTICLE © REUSE THIS PERTH (miningweekly.com) – Gold miner Ramelius Resources has signed a A$2-million farm-in agreement with fellow-listed Clancy Exploration over the Condobolin gold and base metals project, in New South Wales. Under the terms of the agreement, Ramelius could earn an 80% shareholding in the project by funding A$2-million in exploration over a four-year period. The gold miner would be project manager and Clancy would be project operator during the farm-in, with the company entitled to a 10% management fee on services provided. Clancy MD Gordon Barnes said on Thursday that the farm-in agreement with Ramelius would strengthen the junior’s exploration programme in New South Wales, providing funding to test targets. The two companies were expected to start work at Condobolin during the June quarter. Once the farm-in phase had been completed, Clancy would be free-carried until a decision to mine, at which point the company would either contribute to costs or dilute its 20% shareholding. If the company’s shareholding in the project diluted to 5%, it would convert into a 2% net smelter royalty.
It is our preference that if you wish to share this article with others you should please use the following link:
http://www.miningweekly.com/article/...ect-2015-04-30
RMS options expiring 1/8/2015 .12cents, current market price.115cents. Gold price also down so I'm going with no thanks at this stage. Anyone else received these options and have a view? Mind you my holding is so small as to be meaningless. Maybe I can pick up some shares without brokerage.
Nothin like Good news to spoil a SP.
The Directors of Ramelius Resources Limited (ASX: “RMS”) are pleased to advise thatthe Company is expected to report a full year profit for the twelve months to 30 June2015 of approximately A$21.4 million.
So the shares fell 4.3%
More so on the US gold price sentiment many see the fall to continue to sub $1000oz before the next Bull market in the PM which must be just round the corner >>>
Good buying with a longer term outlook
A director's spouse buying - always a good sign.
http://www.asx.com.au/asxpdf/2015090...pc9xxh13mn.pdf
Discl: holding.