RMS 0.13% $1.92 ramelius resources limited

13 September 2018 ISSUED CAPITAL Ordinary Shares: 528M DIRECTORS...

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    13 September 2018
    ISSUED CAPITAL
    Ordinary Shares: 528M
    DIRECTORS
    N
    ON
    -E
    XECUTIVE
    C
    HAIRMAN
    :
    Kevin Lines
    N
    ON
    -E
    XECUTIVE
    D
    IRECTORS
    :
    Michael Bohm
    David Southam
    M
    ANAGING
    D
    IRECTOR
    :
    Mark Zeptner
    www.rameliusresources.com.au
    [email protected]
    RAMELIUS RESOURCES LIMITED
    Registered Office
    Level 1, 130 Royal Street
    East Perth WA 6004
    Tel +61 8 9202 1127
    PO Box 6070
    East Perth, WA 6892
    Adelaide Office
    140 Greenhill Road
    Unley, SA 5061
    Tel +61 8 8271 1999
    Fax +61 8 8271 1988
    13 September 2018
    For Immediate Release
    Ramelius to acquire the Marda Gold Project
    Highlights:

    Ramelius has signed a binding agreement for the proposed acquisition of the Marda
    Gold Project in Western Australia for A$13.0 million

    Published JORC (2004) Compliant Ore Reserves of 2.07Mt
    1
    @ 2.3 g/t Au for 151,000
    ounces of gold. Acquisition cost of A$86
    per reserve ounce represents excellent value

    Strong potential synergies in utilisin
    g Edna May mill to process Marda ore

    Further demonstrates Ramelius’ pr
    o-active commitmen
    t to growth

    Subject to standard statutory processes for a sale of this nature
    Ramelius Resources Limited (
    ASX: RMS
    ) is pleased to announce it has signed a binding
    Exclusivity and Implementation Deed for the proposed purchase of the Marda Gold Project
    (“
    Marda”
    ) north of Southern Cross, Western Australia,
    for A$13.0 million. This acquisition is
    to be facilitated by RMS completing a Deed of Company Arrangement (“
    DOCA
    in respect of
    Black Oak Minerals Ltd (in Liquidation) (“
    BOK
    , the owner of Marda, which would result in
    RMS owning 100% of the shares in BOK.
    The consideration includes an A$0.5 million non-refundable deposit to be paid to the
    Liquidators of BOK to help fund third party transaction costs and contribute towards the monies
    in the BOK creditors trust.
    About the Marda Gold Project
    Marda is located 191km north-northeast of Ramelius’ Edna May operations (refer Figure 1) and
    represents a shear contro
    lled gold system c
    ontaining a total of 333koz of Mineral Resources
    at 1.96 g/t Au and 151koz of Ore Reserves at 2.30 g/t Au
    1
    . See Tables 1 and 2 attached.
    Figure 1:
    Marda Gold Project location relative to Edna May
 
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