March 2025 Quarterly, refined guidance and drilling results

Key points

• Record Underlying Free Cash Flow of A$223M
• Full Year Guidance upgraded to 290,000 - 300,000 ounces at an AISC of A$1,550 - 1,650/oz
• Significant new results from extensional drilling across the Mt Magnet portfolio

Full summary

Ramelius Resources Ltd has reported its March 2025 Quarterly Activities, highlighting a record underlying free cash flow of A$223M, upgraded full year guidance, and significant new drilling results across its Mt Magnet portfolio. The company produced 80,455 ounces of gold at an AISC of A$1,492/oz during the quarter, with the Mt Magnet hub producing 67,464 ounces at an AISC of A$1,226/oz. Full year guidance has been refined to 290,000 - 300,000 ounces at an AISC of A$1,550 - 1,650/oz, up from the previous guidance of 270,000 - 300,000 ounces at an AISC of A$1,500 - 1,700/oz. The company also announced positive extensional drilling results at Penny North, Break of Day (Cue), Hesperus (Mt Magnet), and Saturn East (Mt Magnet). Ramelius also provided an update on its proposed transformational combination with Spartan Resources Limited, with the transaction timetable progressing to plan.

Guidance

Full year guidance has been refined to 290,000 - 300,000 ounces at an AISC of A$1,550 - 1,650/oz (financial year 2025).