Ramelius Resources (ASX:RMS) said a pre-feasibility study at its Rebecca-Roe project in Western Australia revealed the project's potential to produce gold at an average of 130,000 ounces per annum over a nine-year mine life at an all-in sustaining cost of AU$2,346 per ounce, according to a Thursday filing with the Australian bourse.
The project also has an internal rate of return (IRR) after tax of 26% at AU$3,500 per ounce, the filing said.
The company plans to start mining in September 2026 and start production in July 2027. The project has a maiden ore reserve of 20 million tonnes of material at 1.3 grams per tonne grade of gold for 850,000 gold ounces, the filing added.
Ramelius Resources said it expects the final investment decision for Rebecca-Roe by July 2025.
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