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Ramelius approves high-grade Penny project

Australian 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 approves high-grade Penny project Ramelius approves high-grade Penny project Ramelius approves high-grade Penny project Ramelius approves high-grade Penny project Ramelius approves high-grade Penny project

The existing Penny West pit in Western Australia's Murchison gold field

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 with $23.