Latest Announcements

2 March 2010
LATEST NEWS
- Ramelius Sells Avoca Shares for $20.1m
- Media Release - Ramelius Lifts Gold Resource 66% to 130,900 ozs at WA Gold Mine
- Upgraded Wattle Dam Resource

Latest Reports

28 January 2010
- December 2009 Quarterly Activities and Cash Flows Report

WATTLE DAM GOLD PROJECT

 

The Wattle Dam Gold Mine is located approximately 25 km southwest of Kambalda in Western Australia.

The project is held 100% by Ramelius Resources Limited and commenced mining operations in March 2006. Underground development at Wattle Dam commenced in May 2009, with the commencement of the portal and decline. As at July 2009 the decline was down to the 225 level, 115 metres below the surface, with access to the top level of the high grade underground orebody completed.

Development ore is expected to be mined in September and October 2009, with first stoping of high grade underground ore in December 2009.

 
 Wattle Dam Underground
 

Geology

The Wattle Dam gold deposit is hosted in sheared and metamorphosed mafic to ultramafic rocks. The deposit contains two main lodes, the West Zone and the East Zone, with the bulk of the gold mineralisation contained in the East Zone, a high grade plunging shoot.

Mining

There have been two phases of open cut mining at Wattle Dam in 2006 and 2008-9. Underground mining commenced in May 2009. To date the project has produced in excess of 50,000 oz of gold.  

Milling

Ramelius Resources wholly owns Burbanks treatment plant, which is capable of treating up 200,000 tonnes per annum of Wattle Dam ore.  

Resource Definition

Resource definition drilling programs are ongoing, with both surface and underground diamond rigs operating at Wattle Dam. A program of deep diamond drilling to test depth extensions at Wattle Dam commenced in June 2009.

 

 

 

 

 

Share Price

ASX: RMS
$0.52
Volume: 1,007,209

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Ramelius Resources

140 Greenhill Road

Unley SA 5061

GPO Box 1373

Adelaide SA 5001

 

Ph: (08) 8373 6473

Fax: (08) 8373 5917