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Ramelius going underground at Edna May

Growing gold producer Ramelius Resources (ASX: RMS) has decided to develop an underground mine at its Edna May gold operation in Western Australia at an upfront capital cost of about A$6 million (US$4.3 million) rather than commit in the order of $100 million for a large cut back of the openpit.

Michael Quinn
Ramelius had decided to start underground mining at Edna May

Ramelius had decided to start underground mining 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 398,000 tonnes grading 4.8g/t...

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