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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.

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

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.