RMS reports significant 23% growth in June 30, 2023 Mineral Resources

Ramelius Resources Limited (ASX: RMS) released its latest Ore Reserve and Mineral Resource estimates on June 30, 2023. The new figures reveal a substantial increase in Mineral Resources, marking a remarkable 23% growth. The total Mineral Resources are now calculated at 160 million metric tons, boasting an average gold grade of 1.5 grams per ton (g/t Au), translating to a significant 7.6 million ounces (Moz) of gold.

In tandem with the heightened Mineral Resources, the Company also reports updated Ore Reserve estimates. These now stand at 18 million metric tons, with an average gold grade of 1.6 g/t Au, amounting to 930,000 ounces (koz) of gold. It's important to note that the acquisition of the Roe project has played a pivotal role in augmenting Mineral Resources, and ongoing efforts are underway to generate Ore Reserves for this particular project.

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