OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor RMS ASX

RAMELIUS RESOURCES LIMITED

Producer · Gold · Australia Rating locked: sign in to view v8 · rms-20261024t181140-full
Last 2026-11-06
A$3.67
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$6.9B
EV
A$6.2B
Cash
A$608.4M
Debt
A$0
10 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

4 assets

Core asset

Mt Magnet hub including Cue, Penny and Dalgaranga

Australia

Producer100% ownedGold

Integrated 100% gold interests; Dalgaranga included once through hub processing and valuation.

Producer · Producer
Production annualised (attributable)
195.4k ozd
Production (last FY, 100%)
192.2k oz
AISC (latest quarter)
A$1,973/oz
AISC margin at spot
66.3%m
Delivery vs guidance
—
Reserve life
16.6 yrsd
Head grade
3.59 g/t Au

Project location

Site imagery

Sentinel-2 · 10 m
Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceMeasured Indicated Inferred total153.1M t1.8987002808438378 g/t AuGold2026-06-30
Ore ReserveProven Probable46M t2.2 g/t AuGold2026-06-30

Core asset

Rebecca-Roe

Australia

Funded Developer100% ownedGold

FID approved; Part V works approval received; routine Roe Mining Act approvals remain.

Developer · Funded developer
Study
dfs
Post-tax NPV (study prices, attributable)
A$692.0md
NPV restated at our deck (attributable)
Locked
IRR
34%
Initial capex (100%)
—
Capital intensity
—
LoM AISC
A$2,625/oz
Mine life
9.0 yrs

Project location

Location confirmed

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Published study economicsIssuer or study metrics
NPVA$692M5% discount
IRR34%Published return
Operating cost2,625AUD/oz

DFS total LOM growth capital is A$340m plant/infrastructure plus A$279m mine development; neither whole-LOM capital nor the plant component is a comparable total initial-capital input. Updated annual growth-capital cash profile in September presentation.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceMeasured Indicated Inferred total67M t1.45223880597 g/t AuGold2026-06-30
Ore ReserveProven Probable25M t1.4 g/t AuGold2026-06-30
Tenements2
m28-400Granted— None · No expiry supplied
m28-388Granted— None · No expiry supplied
Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Roe Part V works approvalWestern AustraliaGranted—Yes
Economic studies1
StudyStageStatusDateSummary
Rebecca-Roe DFSDFSCurrent2025-10-28Post-tax NPV5 A$692m at A$4,500/oz; 1.1Moz recovered gold and AISC A$2,625/oz. September early works timing revised; full total initial-capital amount is not equated to the disclosed mill component.

Other

Yalgoo Melville

Australia

Resource Stage100% ownedGold

Resource-stage Melville gold deposit; no standalone economic study in selected issuer package.

Resource / scoping · Resource stage
Contained metal (attributable)
240.0k ozd
Resource grade
1.4 g/t Au
% Measured + Indicated
66.7%d
Resource tonnes
5.20 Mt
Our value per attrib. contained unit
Locked
Mining method
—

Project location

Location confirmed

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceMeasured Indicated Inferred total5.2M t1.4 g/t AuGold2026-06-30

Other

Forrestania Resources equity holding

Australia

Resource Stage100% ownedGold

225 million FRS shares, 18-month escrow plus six-month orderly-sale period from September2026 completion.

Equity investment · Held
Investee
Forrestania Resources
Holding
9.4%
Shares held
225.00m
Market value
—
% of holder's market cap
—
Cost basis
A$90.0m

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)