Edna May Gold Mine

Ramelius acquired the Edna May Gold Mine on 1st October 2017 from Evolution Mining Ltd. Edna May is an operating open pit gold operation which was mined historically and by ACM Gold in the late 1980’s. Current operations were commenced by Catalpa Resources in 2010, which merged with Conquest in 2011 forming Evolution Mining.

The deposit has recorded production of over 1 million ounces, with over 500,000 ounces produced since 2011 under Evolution ownership. Annual production since 2011 has ranged from 66koz to 99koz.

Historic underground mining between 1911 and 1948 recorded production of 570 kt at a grade of 19.3 g/t. Up to 7 high-grade quartz ‘reefs’ were mined, reaching a depth of 250m.

Edna May Stage 2 Pit

Geology

The Edna May deposit is located within the Westonia Greenstone Belt, within the Southern Cross Province of Western Australia’s Archaean Yilgarn Craton.

Mineralisation is hosted by the east-west striking, north dipping, Edna May Gneiss (EMG), which has a currently defined strike length of 1km, width of 140m and drilled depth extent of 700m. The EMG is a tonalitic quartz-feldspar-biotite gneiss interpreted to be a strongly metamorphosed granitic intrusion. Mafic-ultramafic amphibolites form the hangingwall and footwall units.

Gold mineralisation is widespread within the EMG and related to two quartz vein sets. One set comprises of widespread, thin, sheeted veins in a ladder of stockwork style, generally sub-parallel to stratigraphy. The second set are less frequent, larger veins which cross-cut the EMG and have much greater continuity. These veins formed the basis of the historical underground ‘reefs’ and the two significant lodes defined in the early 2018 underground infill drilling programme.

These lodes have typical dimensions of 2-5m thickness, strike lengths of 80-110m and currently drilled dip extents of 200m. Associated visible gold is commonly seen in drill core.

Mining

The major Stage 2 open pit cutback was completed in late 2018 to a vertical depth of 250m.  Significant ore stockpiles were generated during the past 18 months.

In October 2018 the Edna May underground project was approved by the Ramelius Board and operations will commence in the 2019 year. The underground targets the two major lodes defined by UG infill drilling in early 2018. The existing decline extends to 280m below surface and will allow for a rapid commencement of underground production.

Milling

The Edna May mill is a 2.9 million tonne per annum (Mtpa) conventional CIL gold plant comprising of 2 stage crushing, SAG and Ball mill, gravity circuit and leach. 50% of Edna May gold is recovered via the gravity circuit. Total recovery is around 93%.

Mill feed will be sourced from the new underground, complemented by stockpiled ore and new local and regional open pit ore sources under development.