• Sale of Edna May Gold Hub to Forrestania for $300 million
• Transaction includes $200 million in cash and $100 million in Forrestania shares
• Ramelius to become a substantial shareholder in Forrestania

Ramelius Resources Limited has entered into a binding agreement with Forrestania Resources Limited for the sale of the Edna May Gold Hub, including processing infrastructure and regional satellite tenements, for total consideration of $300 million. The transaction comprises $200 million in upfront cash and $100 million in Forrestania shares, subject to escrow and orderly sale conditions. Ramelius will retain exposure to potential future value from the Edna May operation through its equity interest in Forrestania. The sale aligns with Ramelius' strategy to optimize its portfolio and focus on core business areas. Completion of the transaction is subject to customary conditions, including Forrestania's equity raising and shareholder approval.

Sale of Edna May Gold Hub for $300 million, expected completion in Q3 2026

Ramelius expects to realize value from the sale and maintain exposure to potential future success at Edna May through its equity interest in Forrestania.