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RAMELIUS RESOURCES LIMITED Capital/Financing Update 2004

Mar 25, 2004

65718_rns_2004-03-25_01cdcd2e-ed54-4905-96c4-7fc92bd7c466.pdf

Capital/Financing Update

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Ramelius Resources Limited

ACN 001 717 540

140 Greenhill Road, Unley SA 5061 GPO Box 1373, Adelaide SA 5001 DX 52003, Unley Telephone (08) 8373 6473 Facsimile (08) 8373 5917

ASX RELEASE

For Immediate Release Friday, 26 March 2004

General Manager The Company Announcements Office Australian Stock Exchange Limited PO Box H224 Australia Square Sydney NSW 1215

Dear Sir/Madam,

ISSUE OF SHARES PURSUANT TO RIGHTS ISSUE

Ramelius Resources Limited is pleased to advise that it has today allotted and issued 22.727.273 ordinary fully paid shares pursuant to the company's recently completed one for one renounceable rights issue.

An Appendix 3B seeking quotation of securities to be issued in respect of the rights issue was lodged with ASX on 24 December 2003 and the directors advise that the despatch date is 26 March 2004.

The allotment and issue of these securities has resulted in a total of 59,016,275 ordinary shares on issue. A list of the 20 largest shareholders after allotment and issue of the above securities is attached.

Yours faithfully

Dom Francese Company Secretary

RAMELIUS

Ramelius Resources LimitedACN 001 717 540

140 Greenhill Road, Unley SA 5061GPO Box 1373, Adelaide SA 5001 DX 52003, Unley Telephone (08) 8373 6473Facsimile (08) 8373 5917

20 LARGEST SHAREHOLDERS

Shareholder No: Ordinary FullyPaid Shares Held % of TotalIssued Capital
Beach Petroleum Limited 13,400,002 22.71
MAPD Nominees Pty Ltd 4,091,531 6.93
Mandurang Pty Ltd 3,148,600 5.34
Joseph Fred Houldsworth 2,620,000 4.44
J P Morgan Nominees Australia Limited 2,000,000 3.39
Killoran NL & Kurana Pty Ltd 2,000,000 3.39
Pitt Capital Partners Limited 1,818,456 3.08
Aurelius Resources Pty Ltd 1,610,000 2.73
Far Corners Minerals NL 1,000,000 1.69
Mr John Roberts McIntosh & Ms Melanie 950,000 1.61
Sarah Hughes
WHI Securities Pty Ltd 906,536 1.54
Toltec Holdings Pty Ltd 720,000 1.22
Persal & Co Investments Pty Ltd 650,000 1.10
Kinver Mining NL 500,000 0.85
Pacific Strategic Investments Limited 454,615 0.77
PCP Securities Limited 454,615 0.77
Pethol (Vic) Pty Ltd <a 5="" c="" macdy="" no.="" super<="" td="">454,6150.77 454,615 0.77
Fund
Burnal Pty Ltd 400,000 0.68
Push Button Pty Ltd 365,700 0.62
Dr Richard Kenneth Hart & Ms Lynette MaryHart 350,000 0.59
37,894,670 64.22