Shannon (Mt Magnet)

Shannon decline commencement

The mineralised lode is centred on a quartz vein within a competent granodiorite unit. It is typically 2-8m thick and strikes north at around 015°.  It dips east at an average of 40 to 50°.

Since October 2016, Ramelius has completed significant down dip RC and Diamond drilling which has defined the lode continuing below the pit for around 300m.

The underground Probable Ore Reserve is 324 kt @ 5.2 g/t for 54,000 oz.

Mining has progressed since commencement in 2019 to stope production in 2020.