Ramelius gains clearing permit approval for Greenfinch

Ramelius Resources has received approval for a clearing permit at the Greenfinch open pit project from the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS).

The project is adjacent to the company’s Edna May gold operation.

Ramelius’ original proposal of clearing an area of 48.8 hectares was rejected. However, a revised offer to clear 16.6 hectares has been approved.

The reduced clearing area avoided rare flora in the area, but still allows the company to mine the full value of the 62,000-ounce open pit ore reserve.

Greenfinch has similar host rock, mineralisation style and resource modelling to the adjacent Edna May deposit.

Originally, a probable ore reserve was estimated to contain 1.7 million tonnes at 1.2 grams per tonne for 62,000 ounces.

A revised mine schedule and life-of-mine plan will be produced once all remaining conditions have been satisfied.

Ramelius acquired the Edna May Gold Mine from Evolution Mining in 2017.

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

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