RMS hat Anfang 2012 für ein ähnliches Projekt A$10m bezahlt.
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Acquisition of Vivien Gold Deposit
Aquisition | Operations Update
09-02-2012
Acquisition of Vivien Gold Deposit
Highlights
• Acquisition of the high grade Vivien gold deposit from Gold
Fields for A$10m
• Mining study and approvals to commence on settlement
• Milling agreement to facilitate near term production
Ramelius Resources Limited (ASX: RMS) is pleased to announce that it
has signed a Letter of Intent to purchase the Vivien gold deposit from
the Agnew Gold Mining Company a subsidiary of Gold Fields Limited, for
A$10m cash and a production royalty. Ramelius will also enter into a toll
milling agreement with Gold Fields for ore produced from the project.
The purchase of the project contemplated in the Letter of Intent is
subject to completion of formal agreements and the consent of the
relevant government authorities.
The Vivien gold deposit is located near the Agnew Gold Mine, west of
the town of Leinster in Western Australia. The deposit is a high grade
vein style deposit and has an estimated Indicated Resource of 579,000
tonnes at 8.3 g/t Au for 154,000 ounces of gold.
After completion of the formal agreements and government consents,
Ramelius intends to undertake a mining study for the project and to
complete further drilling intended to extend the orebody at depth and
down plunge.
This acquisition, if completed, allows the Company to achieve its growth
targets and objective of having multiple gold operations. In addition, the
provision of toll milling by Gold Fields will reduce the capital and time
frame required to develop the project, and allows the milling to be
completed at a cost below that which could be achieved with a small
standalone mill.
For further information contact:
Ian Gordon, Managing Director on 08 9202 1127
Duncan Gordon, Adelaide Equity Partners on 0404 006 444 |
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