Ramelius Resources Unveils High-Grade Drill Results to Bolster Long-Term Gold Production

Ramelius Resources Limited ( (AU:RMS) ) has issued an announcement.

Ramelius Resources has reported a strong quarter of exploration activity, completing a 65,000m drilling campaign that returned multiple high-grade gold intercepts across its Dalgaranga, Mt Magnet (Galaxy and Eridanus), Penny and Cue projects. The results, highlighted by some of the company’s highest-ever gold grades at the Hesperus prospect and standout intersections at Never Never, Plymouth, Break of Day, Windbag and Titan, underscore the significant exploration upside within its existing asset base and support its strategy of prioritising high-grade discoveries to bolster its five-year production outlook. Ramelius is expanding underground and surface drilling programs at key targets including Four Pillars, West Winds, Applewood, Sly Fox and Plymouth, while new mineralisation identified at Mars and Saturn, along with promising results at Break of Day and Austin North, point to further potential resource growth and extended mine life across its Western Australian hubs.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

More about Ramelius Resources Limited

Ramelius Resources Limited is an Australian gold mining and exploration company headquartered in Perth, Western Australia. The company operates a portfolio of gold projects including Dalgaranga, Mt Magnet (Galaxy and Eridanus mine areas), Penny, and Cue, with a strategic focus on high-grade underground and open pit gold deposits to support a strong medium- to long-term production profile in the Australian gold sector.

Average Trading Volume: 10,113,122

Technical Sentiment Signal: Buy

Current Market Cap: A$8.84B

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