Key points
- Mineral Resources increased by 17% to 14Moz of gold
- Ore Reserves increased by 79% to 4.3Moz of gold
- FY26 drilling delivered 1.8Moz of new discovery ounces
- Exploration Target for FY27 set at 14-21Mt at 1.9-2.4g/t for 0.85-1.6Moz Au
- Updated production and cost outlook for FY30 to be provided in September
Full summary
Ramelius Resources Limited has announced new estimates of Mineral Resources and Ore Reserves as at 30 June 2026. The Mineral Resources increased by 17% to 14 million ounces of gold, and Ore Reserves increased by 79% to 4.3 million ounces of gold. The increase is attributed to exploration success, particularly at the Mt Magnet Hub. The company also delivered 1.8 million ounces of new discovery ounces at an average discovery cost of approximately A$55/oz. Ramelius plans to continue investing in exploration with a guided spend of A$90-110M for FY27. An Exploration Target of 14-21Mt at 1.9-2.4g/t for 0.85-1.6Moz Au has been established, reflecting confidence in the company's high-grade discovery and conversion pipeline. The updated production and cost outlook for FY30 will be provided in September.
Guidance
Ramelius Resources FY27 Exploration and Resource Definition spend of A$90-110M
Outlook
Ramelius Resources is confident in its high-grade discovery and conversion pipeline and plans to continue investing in exploration. The company expects to provide an updated production and cost outlook for FY30 in September.