Ann: Maiden Drilling to Start at West Kimberley Project-RMR.AX, page-3

Maiden drilling to start at West Kimberley nickel-copper prospect Program will test strong targets in the same Ruin Dolerite structure which hosts nickel sulphides just 7km away
 Drilling at the Kimberley West nickel-copper project in WA to start this week
 Program comprises ~1500m of drilling, including diamond core
 Three high-priority bed rock EM conductors to be tested in first phase
 The conductors are interpreted to sit within the Ruin Dolerite structure which hosts recently-discovered nickel sulphides 7km along strike to the south east
 Ram exercises second option payment of $60,000 to retain its right to the Kimberley West Project

Ram Resources Limited (ASX: RMR) (Ram or the Company) is pleased to advise that drilling will start this week to test three (3) strong bedrock conductors at its West Kimberley nickel-copper project in WA following the receipt of Permit of Works (POW) to commence the program.

The targets were identified last year by a High Power Fixed Loop Electromagnetic (HPFLEM) ground survey.
As part of preparation for this maiden drilling program, Ram has paid the second option fee of $60,000 in respect to the granted permit E04/1972 and the application permit E04/2314, which host the drilling targets.
Payment of this fee extends, for a further 12 months, Ram’s right to acquire an 80 per cent interest in the West Kimberley Project area (see ASX release dated September 14, 2015).

Details of the drilling program at Kimberley West are now being finalised.
The program is expected to take a few weeks and down-hole electro-magnetic surveys may be used to further define conductors.
The program is being funded in part by a $150,000 grant provided under the Exploration Incentive Scheme run by the WA Government’s Department of Mines and Petroleum.
Ram’s geophysical consultants, Southern Geoscience, identified a total of eight discrete EM conductors ranging in depth from 75m to 175m below surface.
The conductors are interpreted to sit within a magnetic intensity zone within the Ruin Dolerite, which hosts known nickel mineralisation to the south-east at Buxton Resources’ Double Magic Project.
Of the eight conductors identified, three high-priority, strong bed rock EM conductors (Figure 1) were identified with conductance ranging from ~6,000 siemens to ~10,000 siemens (Mona 1A, Mona 1B and Mona