Gold miner Ramelius Sources (ASX:RMS,OTC Pink:RMLRF) obtained 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 identified 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 obtained by Ramelius Managing Director Mark Zeptner.
“It’s truly a really nice shock receiving this award right this moment honouring the legacy of Craig Oliver,” Zeptner informed Sources Roadhouse. “I word that it’s an all-rounder award and I wish to really feel that we match that standards very effectively. We’re a money circulate producing producer, we have now been a profitable acquirer and, in my thoughts, an underrated explorer.”
Through the December quarter of 2024, Ramelius achieved report 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 fall, the corporate accomplished a prefeasibility examine (PFS) for its Rebecca-Roe mission, with gold manufacturing positioned at a median of 130,000 ounces each year over a 9 yr mine life.
In response to Ramelius, the PFS positions the mission as one in every of its most precious belongings.
‘The long-term outlook positions the Rebecca-Roe Gold mission as an ready alternative 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 each year at an AISC beneath AU$2,050 per ounce,” Zeptner stated in a December 12 launch.
A closing funding resolution for Rebecca-Roe is predicted in July.
The opposite corporations into consideration for this yr’s Craig Oliver Award have been BCI Minerals (ASX:BCI) and Spartan Sources (ASX:SPN,OTC Pink:GYYSF), which additionally celebrated sturdy achievements in 2024.
BCI is transferring ahead at its Mardie salt and potash mission 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 mission.
In the meantime, Spartan Sources reported a new discovery at its Dalgaranga gold mission in Western Australia, which is presently the main focus of an intensive three to 4 rig drill program. Ramelius participated in a capital elevating introduced by Spartan this previous December, growing its stake within the agency from 18.3 % to 19.9 %.
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.
