Ramelius greenlights improved Penny development 

MID-TIER gold miner Ramelius Resources has completed the full feasibility study for its Penny development in Western Australia, and the board has signed off on an accelerated development to help feed its Mt Magnet mill.

Ramelius greenlights improved Penny development  Ramelius greenlights improved Penny development  Ramelius greenlights improved Penny development  Ramelius greenlights improved Penny development  Ramelius greenlights improved Penny development 

The existing Penny West pit

First gold is expected from Penny next year.
 
The definitive feasibility study comes with an additional A$11 million in costs, $34.5 million compared to $23.6 million

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