Ramelius Resources reports high-grade gold drilling results

• Ramelius Resources completed 165,000m of exploration drilling over two quarters to strengthen its underground pipeline.
• The company expects the new results to support its target of producing over 500,000 ounces of gold annually by FY30.
• Drilling hit high-grade intercepts, including 3.38m at 996 grammes per tonne of gold at the Dalgaranga site.

Ramelius Resources (ASX:RMS) reported high-grade drilling results after completing 165,000m of exploration work across its Western Australian gold projects.

The two-quarter programme focused on extensional and infill drilling to expand known mineralisation following previous exploration activities across its core regional hubs.

The company stated that the exploration campaign aims to strengthen its underground mine profile and support its pathway to producing more than 500,000 ounces per annum by FY30.

Key results at the Dalgaranga region included 3.38m at 996 grammes per tonne of gold at Never Never and 1.6m at 130 grammes per tonne at Gilbey's Underground.

Following the announcement, the Ramelius Resources share price was down at $2.87.

The business continues to direct capital towards extensional drilling at high-priority targets within its Dalgaranga and Cue project areas.

The ongoing exploration initiatives sit alongside recent structural portfolio changes, including the divestment of the Edna May Gold Hub.