• Mt Magnet mine plan with 17-year production of 2.1Moz, up 37% from 2024
• AISC of A$1,500-1,700/oz in first 2.5 years, A$1,750-1,950/oz over first 10 years
• Significant pre-tax cash flow generation of A$2.5Bn at A$3,500/oz and A$4.3Bn at A$4,500/oz gold price

Ramelius Resources Ltd has announced a new 17-year, 2.1Moz mine plan for its Mt Magnet operations, representing a 37% increase from the previous plan. The plan outlines an AISC of A$1,500-1,700/oz in the first 2.5 years and A$1,750-1,950/oz over the first 10 years, with significant pre-tax cash flow generation of A$2.5Bn at A$3,500/oz and A$4.3Bn at A$4,500/oz gold price. The company has also outlined a Group Mine Plan of 49Mt at 1.7g/t for 2.6Moz over the next 10 years, with average annual gold production of 244koz. The Eridanus open pit cutback is expected to replace the original 280koz underground option, with a latest Mineral Resource of 24Mt at 1.7g/t Au for 1.3Moz and a maiden Ore Reserve of 18Mt at 1.2g/t for 680koz. The company also plans a A$95M upgrade to the Mt Magnet mill to increase throughput up to 3Mtpa capacity, reducing operating costs. Ramelius remains focused on delivering these new projects on time and budget.

The company expects to generate significant pre-tax cash flow of A$2.5Bn at A$3,500/oz and A$4.3Bn at A$4,500/oz gold price over the 17-year mine plan period.

Ramelius is focused on delivering the new Mt Magnet mine plan and Rebecca-Roe Gold project on time and budget, with the financial capacity, experienced team, and proven track record to turn plans into production and cash flow. The company is also pursuing exploration upside to further enhance the Mt Magnet plan.