Ramelius going underground at Edna May

RAMELIUS Resources has decided to develop an underground mine at its Edna May gold operation at an up-front capital cost of about $6 million rather than commit in the order of $100 million for a large cut back of the open pit.

Ramelius going underground at Edna May Ramelius going underground at Edna May Ramelius going underground at Edna May Ramelius going underground at Edna May Ramelius going underground at Edna May

The trade-off is a short mine life, with Ramelius saying the decision "is not one that has been taken lightly".

The underground project has an "initial" ore reserve of 398,000t grading 4.

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