Gold miner Ramelius Sources (ASX:RMS,OTC Pink:RMLRF) acquired the distinguished Craig Oliver Award on the RIU Explorers Convention in Fremantle, Western Australia, held from February 18 to twenty.
Established in 2011, the Craig Oliver Award is an annual recognition for exploration excellence devoted to its namesake, a former Sundance Sources director and recognized Western Australia determine.
The award is handed out on the RIU Explorers Convention yearly. For this version, the award was introduced by Craig Oliver’s daughter, Hanna Oliver, and was acquired by Ramelius Managing Director Mark Zeptner.
“It’s truly a really nice shock receiving this award at present honouring the legacy of Craig Oliver,” Zeptner instructed Sources Roadhouse. “I word that it’s an all-rounder award and I want to really feel that we match that standards very nicely. We’re a money movement producing producer, now we have been a profitable acquirer and, in my thoughts, an underrated explorer.”
Through the December quarter of 2024, Ramelius achieved document underlying free cashflow, reporting AU$174.5 million for the quarter. Group gold output got here in at 85,311 ounces at an AISC of AU$1,491 per ounce.
Additionally throughout This autumn, the corporate accomplished a prefeasibility examine (PFS) for its Rebecca-Roe challenge, with gold manufacturing positioned at a mean of 130,000 ounces every year over a 9 12 months mine life.
Based on Ramelius, the PFS positions the challenge as one in every of its most beneficial property.
‘The long-term outlook positions the Rebecca-Roe Gold challenge as an in a position substitute for Edna Could, which when mixed with the Mt Magnet operation, establishes a consolidated profile from FY26 of common annual gold manufacturing over 220,000 ounces every year at an AISC under AU$2,050 per ounce,” Zeptner stated in a December 12 launch.
A remaining funding determination for Rebecca-Roe is anticipated in July.
The opposite corporations into consideration for this 12 months’s Craig Oliver Award had been BCI Minerals (ASX:BCI) and Spartan Sources (ASX:SPN,OTC Pink:GYYSF), which additionally celebrated robust achievements in 2024.
BCI is shifting ahead at its Mardie salt and potash challenge on Western Australia’s West Pilbara coast. It’s set to change into Australia’s largest and the world’s third largest photo voltaic salt challenge.
In the meantime, Spartan Sources reported a new discovery at its Dalgaranga gold challenge in Western Australia, which is at the moment the main target of an intensive three to 4 rig drill program. Ramelius participated in a capital elevating introduced by Spartan this previous December, rising its stake within the agency from 18.3 p.c to 19.9 p.c.
In 2024, Azure Minerals (ASX:AZS) was the Craig Oliver Award recipient. It was nominated alongside Genesis Minerals (ASX:GMD,OTC Pink:GSISF), Boss Vitality (ASX:BOE,OTCQX:BQSSF) and Santana Minerals (ASX:SMI).
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Securities Disclosure: I, Gabrielle de la Cruz, maintain no direct funding curiosity in any firm talked about on this article.
