Ramelius Resources reveals promising PFS results

Ramelius Resources (ASX:RMS) has announced the results of its Pre-Feasibility Study for the Rebecca-Roe Gold Project. The project, located 150km east of Kalgoorlie, shows strong economic potential. The company plans to make a Final Investment Decision by July 2025, with the project expected to boost gold production from FY26.

Rebecca-Roe project summary and outlook

The Pre-Feasibility Study for Ramelius Resources' Rebecca-Roe Gold Project indicates strong economic returns, with an after-tax NPV of A$332 million at a gold price of A$3,500/oz. The project is expected to produce an average of 130,000 ounces of gold annually over a nine-year mine life. Key development steps include a Definitive Feasibility Study and Final Investment Decision by July 2025. Ramelius plans to fund the project through existing cash reserves and an undrawn credit facility. The project is pivotal for replacing the Edna May operation and is part of Ramelius' strategic plan to expand gold production capabilities.

Executive commentary on project development

The completion of the Pre-Feasibility Study for the Rebecca-Roe Gold Project marks a significant step forward in our growth strategy. The study's robust economic returns provide us with the confidence to proceed with further development. We are targeting a Final Investment Decision by July 2025, with gold production set to commence in FY26. This project will serve as a pivotal replacement for the Edna May operation, aligning with our long-term production goals.