• Gold production of 45,610 ounces in Q2, year-to-date production of 100,623 ounces
• On track to meet FY26 production guidance of 185,000 to 205,000 ounces
• Dalgaranga mine development on time and on budget, first ore targeted for Q3 FY26

Ramelius Resources Ltd (ASX: RMS) has provided a December 2025 quarterly production update, reporting gold production of 45,610 ounces for the quarter (September 2025: 55,013 ounces). Year-to-date gold production stands at 100,623 ounces, putting the company on track to meet its FY26 guidance of 185,000 to 205,000 ounces. The company generated underlying free cash flow of A$67 million during the quarter, before accounting for an FY25 income tax payment of A$118.2 million and A$60.3 million in dividend payments to shareholders. Ramelius ended the quarter with a cash and gold balance of A$694.3 million. Key developments during the quarter include the ongoing development of the Dalgaranga mine, which remains on time and on budget, with first ore from the Never Never deposit targeted for delivery to the Mt Magnet processing plant in the March 2026 quarter. The company also made significant progress on the Rebecca-Roe project, signing a Native Title Mining Agreement with the Kakarra Part B Native Title Holders. Exploration activities continued to focus on priority targets within the Mt Magnet production hub, including Penny, Cue and Galaxy Mine Area, with the potential of the Gilbeys underground mine, Four Pillars and Applewood also set to be a focus in the second half of FY26. Ramelius also announced the initiation of a A$250 million share buyback program and an increase in its minimum dividend level to two cents per annum.

Ramelius is on track to meet its FY26 production guidance of 185,000 to 205,000 ounces of gold.

Ramelius continues to progress its five-year growth pathway to become a 500,000oz gold producer by FY30, supported by detailed technical studies and a fully funded project pipeline.