Ramelius Resources Limited has expanded its total gold inventory in its annual review as of 30 June 2026, lifting group Ore Reserves by 79% and Mineral Resources by 17% compared to the previous year’s statement.

Group Ore Reserves reached 4.3 million ounces of gold contained within 70 million tonnes at 1.9 grams per tonne, up from 2.4 million ounces at 57 million tonnes at 1.3 grams per tonne reported as of 30 June 2025. The reserve expansion followed 178,000 ounces of mining depletion during the 2026 financial year and was underpinned by maiden underground reserves at Dalgaranga and Rebecca-Roe. The company established a maiden Ore Reserve of 1.6 million ounces at 7.4 grams per tonne for the Never Never underground deposit at Dalgaranga and 260,000 ounces at 1.8 grams per tonne for the Roe underground deposit at Rebecca-Roe. Reserves were estimated using an assumed gold price of A$3,500 per ounce.

Total Mineral Resources increased to 14 million ounces across 260 million tonnes at 1.7 grams per tonne, compared to 12 million ounces across 210 million tonnes at 1.8 grams per tonne in the previous financial year, after accounting for the 178,000-ounce mining depletion. The Mt Magnet operating hub formed the core of the resource expansion, with resources there rising 21% to 10 million ounces. Resource increases were also recorded at Galaxy, Cue, and Dalgaranga to replace lower-grade mill feed.

Exploration drilling across the 2026 financial year delivered 1.8 million new discovery ounces at an average grade of 1.5 grams per tonne, achieved at an average discovery cost of approximately A$55 per ounce.

Ramelius holds a portfolio of gold assets in Western Australia that includes the Cue, Penny, Rebecca-Roe, and Tampia projects, alongside its central Mt Magnet operations. Subsidiary Mt Magnet Gold Pty Ltd staked 12 new mineral tenements near the Mt Magnet project between June and August 2026.

The company plans to release an updated production and cost outlook to the 2030 financial year, including financial year 2027 guidance, in September 2026 to support its target of reaching 500,000 ounces per annum by the 2030 financial year and beyond.

Read the full announcement: 2026 Resources and Reserves Statement