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Ramelius Resources Announce High-Grade Gold Discoveries

Ramelius Resources (ASX: RMS)

Provided a positive exploration update.

Two quarters of exploration drilling with one clear outcome, high-grade results strengthening the case for Ramelius’ next underground mine and its pathway to more than 500,000 ounces of production per annum by FY30. Continue reading →

Ramelius Sell Edna May to Forrestania for $300 million

Ramelius Resources (ASX: RMS)

Advised that it has entered into a binding agreement with Forrestania Resources Limited (ASX: FRS) for the sale of the Edna May Gold Hub, including processing infrastructure and regional satellite tenements, for total consideration of $300 million in upfront cash and Forrestania shares. Continue reading →

Apollo Consolidated bidder increases offer

Apollo Consolidated (ASX: AOP)

Ramelius Resources has increased its bid for Apollo Consolidated by 6 c to 62c, cash and scrip split.

The bid has been recommended by the board, and it appears Ramelius have purchased Gold Road’s 19.9% so unless there is a higher bidder, this should go through unopposed.  {…} Continue reading →

Apollo Consolidated receive bid approach

Apollo Consolidated (ASX: AOP)

Ramelius to acquire Apollo Consolidated Limited (Apollo), 100% owner of the Lake Rebecca Gold Project in Western Australia, via a recommended off-market takeover offer.

Apollo shareholders are to receive an implied Offer price of $0.562 per share  comprising $0.34 in cash and 0.1375 Ramelius shares per Apollo share. Continue reading →