RMS 0.91% $2.22 ramelius resources limited

Penny North (4.5m intercept grading at 75.2g/t) with abundant...

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    1. Penny North (4.5m intercept grading at 75.2g/t) with abundant massive sulphides (pyrrhotite+galena+pyrite) comprising up to 40% of the core volume associated with the gold mineralisation
      RMS could be making a new discovery here, perhaps 700m + deep as is the Youanmi main lode.
      Note the increase in grade with depth

      https://hotcopper.com.au/data/attachments/5350/5350402-c04523b5e398fb8e3c39f34cb29109f3.jpg
      This gold is clearly refractory: Penny North (4.5m intercept grading at 75.2g/t) with abundant massive sulphides (pyrrhotite+galena+pyrite) comprising up to 40% of the core volume associated with the gold mineralisation
      Metallurgy likely to be similar to Youanmi so low arsenic and under the 6% refractory Chinese tax regime limit,
      High value concentrate is possible.
      Down the road Rox holds 1.5M oz Au @ 6,59 g/t, AISC in SS around $1500 oz Au,
      Interesting synergies for Rox and Ramelius.

 
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Last
$2.22
Change
0.020(0.91%)
Mkt cap ! $2.544B
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$2.20 $2.23 $2.20 $10.65M 4.811M

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