image_pdfimage_print

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