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RAMELIUS RESOURCES LIMITED Earnings Release 2015

Aug 27, 2015

65718_rns_2015-08-27_bb14dd8c-8c82-49b4-8873-0650d5218f2f.pdf

Earnings Release

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27 August 2015 For Immediate Release

2015 Financial Year Results

The Directors of Ramelius Resources Limited (ASX: “ RMS ”) are pleased to report a profit for the year ended 30 June 2015. Highlights from the Company’s Annual Financial Report are:

  • Profit (loss) before Tax of $20.5M, up 120% [2014: ($102.6M)]

  • Net Profit (loss) after Tax of $16.1M, up 119% [2014: ($85.5M)]

  • Sales Revenue of $131.9M, down 0.8% [2014: $133.0M]

  • Gold Sales of 88,706 ounces [2014: 92,830 ounces]

  • Cash flow from operating activities of $45.8M [2014: ($6.6M)]

  • Net assets of $99.3M [2014: $77.5M]

  • Cash at Bank (excluding gold on hand) of $32.4M [2014: $12.4M]

Managing Director, Mr Mark Zeptner today said:

“The full year financial result for FY2015 is very pleasing and confirms the Company’s return to profit as flagged late last month.

The significant turnaround from last year’s financial result augers well for Ramelius as we move ahead with the development of our new high grade Vivien and Kathleen Valley gold mines, which are currently progressing on or ahead of schedule. All is on track for total gold production to push up towards the 100,000 ounces per year mark in the second half of FY2016.

The Company is very well positioned in the current A$ gold price environment to build value for our shareholders.”

Full details are contained in the Appendix 4E and Annual Financial Report.

Mark Zeptner Managing Director Ramelius Resources Limited Ph: 08 9202 1127

Duncan Goldon Executive Director Adelaide Equity Partners Ph: (08) 8232 8800