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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Last
$1.92 |
Change
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Mkt cap ! $2.185B |
Open | High | Low | Value | Volume |
$1.93 | $1.95 | $1.91 | $1.150M | 600.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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23 | 29053 | $1.92 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.92 | 27204 | 17 |
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23 | 29301 | 1.915 |
25 | 63496 | 1.910 |
16 | 75539 | 1.905 |
18 | 96335 | 1.900 |
6 | 16802 | 1.895 |
Price($) | Vol. | No. |
---|---|---|
1.920 | 26754 | 11 |
1.925 | 33968 | 25 |
1.930 | 38182 | 16 |
1.935 | 91610 | 13 |
1.940 | 20606 | 10 |
Last trade - 12.14pm 06/05/2024 (20 minute delay) ? |
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Last
$1.92 |
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Change
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Open | High | Low | Volume | ||
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