Ramelius buys Barlee stake

RAMELIUS Resources has snapped up an 80% stake in the Barlee gold resource in Western Australia from Beacon Minerals for $A4 million in cash and a staged royalty payment.

Ramelius buys Barlee stake Ramelius buys Barlee stake Ramelius buys Barlee stake Ramelius buys Barlee stake Ramelius buys Barlee stake

The company said today it anticipated starting mining at the project in 2012 subject to Beacon shareholder approval and Mining Act approvals.

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