RAMELIUS RESOURCES LIMITED - Interim / Quarterly Report 2016

16 December 2015

For Immediate Release

COMPANY UPDATE

HIGHLIGHTS

A further high grade intersection achieved at Milky Way in Mt Magnet (WA) of; � 12m at 3.05 g/t Au
Key Tanami Joint Venture (NT) tenements at Highland Rocks granted
Excellent Quarter-to-Date gold production (October & November only);
~18,000oz produced at an AISC of ~A$1,060/oz
Maiden Ore Reserve at Blackmans Project near Mt Magnet of;
244,000t @ 2.0g/t for 16,000oz
Ore Reserve additions at Kathleen Valley Gold Mine (WA) of;
70,000t @ 3.5g/t for 8,000oz

Ramelius Resources Limited (ASX:RMS) is pleased to provide the following company update across the operations, project development and exploration areas of the business.

The final 3 holes of the second phase of Milky Way exploration drilling has returned a further ore grade intersection below the open pit itself. Milky Way is located 3.6km southwest of the Checker Mill at Mt Magnet in WA (refer Figures 1 & 2). Approximately 3,000m of infill resource definition drilling, in the area of the historical pit and starting below hole GXRC1345, will commence in mid-January 2016. Step-out exploration drilling further south is also planned for early February 2016.

In the Northern Territory, the Department of Mines & Energy has advised that three key exploration licences within the Tanami Joint Venture were granted on 18 November 2015. A Mine Management Plan has been submitted to the Department for approval ahead of field work commencing in March/April 2016 after the wet season.

On the operations front, gold production from the Percy and Mossbecker (Kathleen Valley) open pits continues to exceed expectations especially in terms of grade delivered from Mossbecker. As a result, the Checker Gold Mill at Mt Magnet has produced ~18,000oz at an AISC of ~A$1,060/oz for October & November. Despite an expected 10% decrease in mill throughput in December, ahead of a full SAG mill re-line in January 2016, the Company still expects quarterly production to be at the upper end of the Guidance range (23,000-25,000oz).

A maiden Ore Reserve for the Blackmans Project, some 30km north of Mt Magnet, has been produced following completion of a mining study. 244,000t @ 2.0g/t has been defined inside an open pit that is estimated to take 12 months to mine. Statutory approval processes are currently underway and Blackmans is expected to be included in the mining schedule in early FY2017.

Finally, further resource definition drilling has been undertaken at the Kathleen Valley gold mine, leading to additional viable open pits at Nil Desperandum and Yellow Aster North. The pits are relatively small, totalling a volume of 770,000bcm, with the combined additional Ore Reserve being 70,000t @ 3.5g/t for 8,000oz.

For further information contact:

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

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

ABOUT RAMELIUS

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Figure 1: Ramelius’ Operations & Development Project Locations

Ramelius owns 100% of the Mt Magnet gold mine and associated Checker processing plant in Western Australia. The Company has commenced developing the high grade Vivien and Kathleen Valley gold mines near Leinster, also in Western Australia. The Burbanks Treatment Plant is located approximately 9 kilometres south of Coolgardie and is currently on care and maintenance.

EXPLORATION

Mt Magnet Gold Mine – Milky Way (WA)

All assay results have now been received from the programme of ten deep exploration RC drill holes and two RC reentries completed at Milky Way last month. The drilling was targeting along strike, plus up and down dip of the previously reported 6m at 11.64 g/t Au and 7m at 11.29 g/t Au intersections (refer ASX Releases dated 14 September 2015 and 13 October 2015 respectively) and returned a bonanza grade gold intersection of 22m at 55.05 g/t Au from 112m (refer ASX release dated 2 December 2015). Further high grade gold mineralisation now includes:

� 12m at 3.05 g/t Au from 149m in GXRC1343

As with the previously reported high grade intersections, the gold mineralisation is associated with the newly discovered Milky Way Fault. Where the fault passes through the 50m wide (estimated true width) Milky Way Porphyry it manifests as a series of high grade (steeply plunging) mineralised shoots (refer Figures 3 to 5).

The broader mineralised porphyry interval (using a 0.1 g/t Au lower cut) reports as:

� 73m at 0.79 g/t Au from 149m, including 30m at 1.56 g/t Au in GXRC1343

The remaining two drill holes (not previously reported) failed to intersect the Milky Way Fault and did not return any significant mineralised porphyry intervals (see Table 1 below). The fault is interpreted to project into the footwall of the Milky Way Porphyry as you head south (refer Figure 3) and is therefore believed to be further west of drill hole GXRC1346. Drill hole GXRC1344 was drilled from west to east, mainly due to access restrictions on the east side of the pit, and this hole demonstrated that the far western portion of the porphyry is relatively barren away from the Milky Way Fault.

Milky Way resource definition drilling will commence in January 2016, while step out drilling will commence in February, 2016. The step out drilling will initially target the 1.8km southerly strike of the Milky Way Fault and include deeper drilling below the O’Meara pit, in addition to deeper reconnaissance drilling below the high grade intersections reported thus far below Milky Way (refer Figure 5).

Table 1: Anomalous (>0.1 g/t Au) RC drilling data from Milky Way - Mt Magnet, WA

Hole Id	Easting	Northing	Az/Dip	RL	F/Depth (m)	From (m)	To (m)	Interval (m)	g/t Au
GXRC1343	577574	6896446	300/-55	441	252	149 149 149	222 179 161	73 30 12	0.79 1.56 3.05
GXRC1344	577353	6896723	126/-50	443	276	32 42 70	37 61 90	5 19 20	0.14 0.13 0.21
GXRC1346	577495	6896175	302/-50	441	240	1 38 57 146	9 41 75 148	8 3 18 2	0.22 0.25 0.10 0.55

Reported significant gold assay intersections (using a 0.1 g/t Au lower cut) are reported using 1m downhole intervals at plus 0.1 g/t gold, with up to 4m of internal dilution. Gold determination was by Fire Assay using a 50gm charge with AAS finishes and a lower limit of detection of 0.01 ppm Au. NSR denotes no significant results. True widths of the high grade shear zone remain unclear but are interpreted to be 50% of reported downhole intersections while the broader porphyry intersections are estimated to be 85% of the reported downhole intersections. Coordinates are MGA94-Z50.

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Figure 2: Milky Way location plan

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Figure 3: Milky Way Porphyry plan view

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Figure 4: Milky Way longitudinal section looking northwest

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Figure 5: Proposed reconnaissance drill target areas along strike from Milky Way – see Disclaimer below

Tanami Joint Venture (NT) - Ramelius 85%

Three key exploration licences within the Tanami Joint Venture were granted on 18 November 2015. The Highland Rocks ELs 27511 and 29829 plus the Officer Hills South EL27995 encompass over 1,200km[2] of highly prospective, yet under-explored, palaeo-Proterozoic stratigraphy located within 100km of the world class Callie Gold Mine (Figure 6).

A Mine Management Plan has been submitted to the NT Department of Mines and Energy for approval. It is anticipated field work will commence once all regulatory approvals have been granted.

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Figure 6: Tanami Joint Venture, project location

OPERATIONS

Mt Magnet Gold Mine (WA)

Gold production from the Checker gold mill at Mt Magnet has reflected an excellent performance Quarter-to-date from both the Percy and Mossbecker open pits at Mt Magnet and Kathleen Valley respectively. A total of 18,000 ounces has been produced at an AISC of ~A$1,060/oz for the months of October and November 2015, leaving Ramelius well placed to achieve at the upper end of the production guidance range (Guidance released 28 October 2015: 23,00025,000oz at an AISC of A$1,250/oz).

Mill throughput is expected to reduce by approximately 10% during December, as is normally the case when the SAG mill liners are nearing end-of-life, with a full re-line planned for January 2016.

ORE RESERVES

Blackmans Gold Project (WA)

A maiden Ore Reserve was generated during the current quarter:

Pit	Category	tonnes g/t ounces
Blackmans	Probable	244,000 2.0 16,000

Note: Figures rounded to 1,000t, 0.1g/t & 1,000oz

Ore Reserve Commentary

Ore Reserves are based on the Mineral Resource model previously generated for Blackmans and reported in ASX Release dated 9 June 2015 ‘Blackmans (Mt Magnet) – Maiden Resource & Exploration Update’. Ore Reserves only utilise Indicated Resources and are reported above 1.0g/t.

Ore Reserve generation incorporates pit optimisation at A$1,500/oz, pit design and evaluation (refer Figure 7). Mining would be via conventional open-pit methods. The pit would be operated as a satellite operation from Mt Magnet, 30km south. Haulage of ore would be by roadtrain to the operating Checkers gold mill. Mine design considerations include geotechnical core drilling and external consultant recommendations, groundwater test drilling and consultant investigations, metallurgical test work, environmental studies, heritage and stakeholder consultations. Mining costs are based on recent rates at the Company’s Mt Magnet and Kathleen Valley operations. Milling costs are based on current Mt Magnet operating costs. A Mining Proposal will be submitted prior to the end of the year. Further detail is supplied below in Appendix B.

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Figure 7: Blackmans pit and Resource model (laterite ore not shown) – oblique view to north

Kathleen Valley Ore Reserves

Two additional pits have been designed for the Yellow Aster North and Nil Desperandum areas, providing additional Ore Reserves at the project.

Pit	Category	tonnes g/t ounces
Nil Desperandum Yellow Aster North	Probable Probable	28,000 4.8 4,000 42,000 2.7 4,000
Total	Probable	70,000 3.5 8,000

Note: Figures rounded to 1,000t, 0.1g/t & 1,000oz, rounding errors may occur

Ore Reserve Commentary

Ore Reserves are based on the Mineral Resource models previously generated for Kathleen Valley and reported in ASX Release dated 19 January 2015 ‘Maiden Ore Reserve boosts Kathleen Valley Gold Project’. Ore Reserves only utilise Indicated Resources and are reported above 1.5g/t.

A regularised, diluted version of the Mineral Resource model was created for mining optimisation, design and reporting (refer Figure 8). Mine design considerations include previously completed external geotechnical recommendations, groundwater investigations, metallurgical test work, environmental studies and mine scheduling. Additional dilution was added reflecting the flat lying nature of the deposits. Mining costs are based on recent actual and tendered mining rates at Kathleen Valley. Processing costs are based on current Mt Magnet milling and haulage costs. Mining approvals for the additional pits were granted with the initial project approval. Further detail is supplied below in Appendix C.

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Nil Desperandum
Yellow Aster Deeps
Yellow Aster North
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Figure 8: Kathleen Valley Additional Pits – oblique view to south

Disclaimer

No tonnage or grade estimates are available for the Exploration Targets outlined in Figure 5. The targets remain conceptual in nature as there has been insufficient deeper drilling to allow for any tonnage or grade estimates to be produced. Further, it is uncertain if additional exploration drilling will result in any exploration success. As a first pass, Ramelius proposes 200m spaced reconnaissance RC drilling to 200m below surface to scope the potential of the Extension Target to host significant mineralisation along strike of Milky Way in addition to selected deeper exploration drilling to scope the plunge projections of the high grade mineralisation reported below Milky Way to date. The drilling is scheduled to commence in February 2016.

Competent Persons

The Information in this report that relates to Exploration Targets and Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Kevin Seymour (Exploration Results), Rob Hutchison (Mineral Resources) and Mark Zeptner (Ore Reserves), who are Competent Persons and Members of The Australasian Institute of Mining and Metallurgy. Kevin Seymour, Rob Hutchison and Mark Zeptner are full-time employees of the company. Kevin Seymour, Rob Hutchison and Mark Zeptner have sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Kevin Seymour, Rob Hutchison and Mark Zeptner consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.

Appendix A - JORC Table 1 Report for Milky Way, RC Drilling Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Sampling	• Nature and quality of sampling (eg cut	• Potential gold mineralised intervals are
techniques	channels, random chips, or specific	systematically sampled using industry standard 1m
	specialised industry standard	intervals, collected from reverse circulation (RC) drill
	measurement tools appropriate to the	holes.
	minerals under investigation, such as	• Drill hole locations were designed to allow for spatial
	down hole gamma sondes, or handheld	spread across the interpreted mineralised zone. All
	XRF instruments, etc). These examples	RC samples were collected and riffle split to 3-4kg
	should not be taken as limiting the broad	samples on 1m metre intervals.
	meaning of sampling.	• Standard fire assaying was employed using a 50gm
	• Include reference to measures taken to	charge with an AAS finish. Trace element
	ensure sample representivity and the	determination was undertaken using a multi (4) acid
	appropriate calibration of any	digest and ICP- AES finish.
	measurement tools or systems used.
	• Aspects of the determination of
	mineralisation that are Material to the
	Public Report.
	• In cases where ‘industry standard’ work
	has been done this would be relatively
	simple (eg ‘reverse circulation drilling was
	used to obtain 1 m samples from which 3
	kg was pulverised to produce a 30 g
	charge for fire assay’). In other cases
	more explanation may be required, such
	as where there is coarse gold that has
	inherent sampling problems. Unusual
	commodities or mineralisation types (eg
	submarine nodules) may warrant
	disclosure ofdetailed information.
Drilling	• Drill type (eg core, reverse circulation,	• Drilling was completed using best practice 5 ¾” face
techniques	open-hole hammer, rotary air blast,	sampling RC drilling hammers for all drill holes.
	auger, Bangka, sonic, etc) and details (eg
	core diameter, triple or standard tube,
	depth of diamond tails, face-sampling bit
	or other type, whether core is oriented
	and ifso,bywhat method,etc).
Drill sample	• Method of recording and assessing core	• Bulk RC drill holes samples were visually inspected
recovery	and chip sample recoveries and results	by the supervising geologist to ensure adequate
	assessed.	clean sample recoveries were achieved. Any wet,
	• Measures taken to maximise sample	contaminated or poor sample returns are flagged
	recovery and ensure representative	and recorded in the database to ensure no sampling
	nature of the samples.	bias is introduced.
	• Whether a relationship exists between	• Zones of poor sample return are recorded in the
	sample recovery and grade and whether	database and cross checked once assay results are
	sample bias may have occurred due to	received from the laboratory to ensure no
	preferential loss/gain of fine/coarse	misrepresentation of sampling intervals has
	material.	occurred. Of note, excellent RC drill recovery is
		reported from all RC holes.
Logging	• Whether core and chip samples have	• All RC drill samples are geologically logged on site by
	been geologically and geotechnically	professional geologists. Details on the host
	logged to a level of detail to support	lithologies, deformation, dominant minerals
	appropriate Mineral Resource estimation,	including sulphide species and alteration minerals
	miningstudies and metallurgical studies.	plus veiningare recorded relationally (separately)so

Criteria	JORC Code explanation	Commentary
	• Whether logging is qualitative or	the logging is interactive and not biased to lithology.
	quantitative in nature. Core (or costean,	• Drill hole logging of RC chips is qualitative on visual
	channel, etc) photography.	recordings of rock forming minerals and quantitative
	• The total length and percentage of the	on estimates of mineral abundance.
	relevant intersections logged.	• The entire length of each RC drill hole is geologically
		logged.
Sub-sampling	• If core, whether cut or sawn and whether	• Duplicate samples are collected every 25thsample
techniques	quarter, half or all core taken.	from the RC chips.
and sample	• If non-core, whether riffled, tube	• Dry RC 1m samples are riffle split to 3-4kg as drilled
preparation	sampled, rotary split, etc and whether	and dispatched to the laboratory. Any wet samples
	sampled wet or dry.	are recorded in the database as such and allowed to
	• For all sample types, the nature, quality	dry before splitting and dispatching to the
	and appropriateness of the sample	laboratory.
	preparation technique.	• All samples are pulverized prior to splitting in the
	• Quality control procedures adopted for all	laboratory to ensure homogenous samples with 85%
	sub-sampling stages to maximise	passing 75um. 200gm is extracted by spatula that is
	representivity of samples.	used for the 50gm charge on standard fire assays.
	• Measures taken to ensure that the	• RC samples submitted to the laboratory are sorted
	sampling is representative of the in situ	and reconciled against the submission documents.
	material collected, including for instance	In addition to duplicates a high grade or low grade
	results for field duplicate/second-half	standard is included every 25thsample, a controlled
	sampling.	blank is inserted every 100thsample. The laboratory
	• Whether sample sizes are appropriate to	uses barren flushes to clean their pulveriser and
	the grain size of the material being	their own internal standards and duplicates to
	sampled.	ensure industry best practice quality control is
		maintained.
		• The sample size is considered appropriate for the
		type, style, thickness and consistency of
		mineralization.
Quality of	• The nature, quality and appropriateness	• The fire assay method is designed to measure the
assay data and	of the assaying and laboratory	total gold in the sample. The technique involves
laboratory	procedures used and whether the	standard fire assays using a 50gm sample charge
tests	technique is considered partial or total.	with a lead flux (decomposed in the furnace). The
	• For geophysical tools, spectrometers,	prill is totally digested by HCl and HNO3acids before
	handheld XRF instruments, etc, the	measurement of the gold determination by AAS.
	parameters used in determining the	• No field analyses of gold grades are completed.
	analysis including instrument make and	Quantitative analysis of the gold content and trace
	model, reading times, calibrations factors	elements is undertaken in a controlled laboratory
	applied and their derivation, etc.	environment.
	• Nature of quality control procedures	• Industry best practice is employed with the inclusion
	adopted (eg standards, blanks,	of duplicates and standards as discussed above, and
	duplicates, external laboratory checks)	used by Ramelius as well as the laboratory. All
	and whether acceptable levels of	Ramelius standards and blanks are interrogated to
	accuracy (ie lack of bias) and precision	ensure they lie within acceptable tolerances.
	have been established.	Additionally, sample size, grind size and field
		duplicates are examined to ensure no bias to gold
		grades exists.
Verification of	• The verification of significant	• Alternative Ramelius personnel have inspected the
sampling and	intersections by either independent or	RC chips in the field to verify the correlation of
assaying	alternative company personnel.	mineralised zones between assay results and
	• The use of twinned holes.	lithology, alteration and mineralization.
	• Documentation of primary data, data	• All holes are digitally logged in the field and all
	entry procedures, data verification, data	primary data is forwarded to Ramelius’ Database
	storage (physical and electronic)	Administrator (DBA) in Perth where it is imported
	protocols.	into Datashed,a commerciallyavailable and industry

Criteria	JORC Code explanation	Commentary
	• Discuss any adjustment to assay data.	accepted database software package. Assay data is
		electronically merged when received from the
		laboratory. The responsible project geologist
		reviews the data in the database to ensure that it is
		correct and has merged properly and that all the drill
		data collected in the field has been captured and
		entered into the database correctly.
		• The responsible geologist makes the DBA aware of
		any errors and/or omissions to the database and the
		corrections (if required) are corrected in the
		database immediately.
		• No adjustments or calibrations are made to any of
		the assay data recorded in the database.
		• No new mineral resource estimate is included in this
		report.
Location of	• Accuracy and quality of surveys used to	• All drill hole collars are picked up using accurate
data points	locate drill holes (collar and down-hole	DGPS survey control. All down hole surveys are
	surveys), trenches, mine workings and	collected using downhole Eastman single shot
	other locations used in Mineral Resource	surveying techniques provided by the drilling
	estimation.	contractors.
	• Specification of the grid system used.	• All Mount Magnet holes are picked up in MGA94 –
	• Quality and adequacy of topographic	Zone 50 grid coordinates.
	control.	• DGPS RL measurements captured the collar surveys
		of the drill holes prior to the resource estimation
		work.
Data spacing	• Data spacing for reporting of Exploration	• Exploration drill holes were planned on nominal 50m
and	Results.	parting at Milky Way to better define ore continuity.
distribution	• Whether the data spacing and	• Given the limited understanding of the target
	distribution is sufficient to establish the	horizon this spacing was considered adequate to
	degree of geological and grade continuity	help define the continuity of mineralisation, ahead
	appropriate for the Mineral Resource and	of further step out drilling.
	Ore Reserve estimation procedure(s) and	• No sampling compositing has been applied within
	classifications applied.	key mineralised intervals.
	• Whether sample compositing has been
	applied.
Orientation of	• Whether the orientation of sampling	• The drilling is completed orthogonal to the
data in	achieves unbiased sampling of possible	interpreted strike of the target horizon. No diamond
relation to	structures and the extent to which this is	drilling has been completed by Ramelius on the
geological	known, considering the deposit type.	targets thus far.
structure	• If the relationship between the drilling	• Selected diamond twinning will be completed at
	orientation and the orientation of key	Milky Way in due course to confirm no drilling
	mineralised structures is considered to	orientation and/or sampling bias is present, albeit
	have introduced a sampling bias, this	the true orientation of the high grade structure is yet
	should be assessed and reported if	to be confirmed.
	material.
Sample	• The measures taken to ensure sample	• Sample security is integral to Ramelius’ sampling
security	security.	procedures. All bagged RC samples are delivered
		directly from the field to the assay laboratory in
		Perth, whereupon the laboratory checks the
		physically received samples against Ramelius’
		sample submission/dispatch notes.
Audits or	• The results of any audits or reviews of	• Sampling techniques and procedures are reviewed
reviews	sampling techniques and data.	prior to the commencement of new work
		programmes to ensure adequateprocedures are in

Criteria	JORC Code explanation	Commentary
		place to maximize the sample collection and sample
		quality on new projects. No external audits have
		been completed to date.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral	• Type, reference name/number, location	• The results reported in this report are on granted
tenement and	and ownership including agreements or	Mining Lease (ML) 58/136 (Mount Magnet – Milky
land tenure	material issues with third parties such as	Way) owned 100% by Ramelius Resources Limited.
status	joint ventures, partnerships, overriding	The tenement is located on pastoral/grazing leases.
	royalties, native title interests, historical	Heritage surveys were completed prior to any
	sites, wilderness or national park and	ground disturbing activities in accordance with
	environmental settings.	Ramelius’ responsibilities under the Aboriginal
	• The security of the tenure held at the time	Heritage Act.
	of reporting along with any known	• At this time all the tenements are in good standing.
	impediments to obtaining a licence to	There are no known impediments to obtaining a
	operate in the area.	licence to operate in the area.
Exploration	• Acknowledgment and appraisal of	• Exploration by other parties has been reviewed and
done by other	exploration by other parties.	is used as a guide to Ramelius’ exploration activities.
parties		Previous parties have completed shallow RAB,
		Aircore, RC drilling and shallow open pit mining at
		Milky Way plus geophysical data collection and
		interpretation. This report concerns only
		exploration resultsgenerated byRamelius.
Geology	• Deposit type, geological setting and style	• The mineralisation at Milky Way is typical of
	of mineralisation.	porphyry hosted orogenic structurally controlled
		Archaean gold lode systems. The mineralisation is
		controlled by anastomosing shear zones passing
		through competent rock units, brittle fracture and
		stockwork mineralization is common on the
		competent porphyry rock. The bedrock Milky Way
		mineralisation currently extends over 100m strike
		and dips steeply eastwards along the eastern flank of
		the NE striking Milky Way Porphyry. The plunge of
		the system isyet to be determined.
Drill hole	• A summary of all information material to	• All the drill holes reported in this report have the
Information	the understanding of the exploration	following parameters applied. All drill holes
	results including a tabulation of the	completed, including holes with no significant results
	following information for all Material drill	as defined in the Attachments) are reported in this
	holes:	announcement.
	`o` easting and northing of the drill hole	• Easting and northing are given in MGA94
	collar	coordinates as defined in the Attachments.
	`o` elevation or RL (Reduced Level –	• RL is AHD
	elevation above sea level in metres) of	• Dip is the inclination of the hole from the horizontal.
	the drill hole collar	Azimuth is reported in magnetic degrees as the
	`o` dip and azimuth of the hole	direction the hole is drilled. MGA94 and magnetic
	`o` down hole length and interception	degrees vary by <10in the project area.
	depth	• Down hole length is the distance measured along the
	`o` hole length.	drill hole trace. Intersection length is the thickness
	• If the exclusion of this information is	of an anomalous gold intersection measured along
	justified on the basis that the information	the drill hole trace.
	is not Material and this exclusion does not	• Hole length is the distance from the surface to the

Criteria	JORC Code explanation	Commentary
	detract from the understanding of the	end of the hole measured along the drill hole trace.
	report, the Competent Person should	• No results currently available from the exploration
	clearly explain why this is the case.	drilling are excluded from this report. Gold grade
		intersections >0.1 g/t Au with up to 4m of internal
		dilution are considered significant in the broader
		felsic porphyry host rock as a strong demarcation
		between the mineralized porphyry and the non-
		mineralised ultramafic rocks is noted. The porphyry
		hosted results are reported in this report. Gold
		grades greater than 0.5 g/t Au are highlighted where
		good continuity of higher grade mineralization is
		observed.
Data	• In reporting Exploration Results,	• The first gold assay result received from each sample
aggregation	weighting averaging techniques,	reported by the laboratory is tabled in the list of
methods	maximum and/or minimum grade	significant assays. Subsequent repeat analyses when
	truncations (eg cutting of high grades)	performed by the laboratory are checked against the
	and cut-off grades are usually Material	original to ensure repeatability of the assay results.
	and should be stated.	• Weighted average techniques are applied to
	• Where aggregate intercepts incorporate	determine the grade of the anomalous interval when
	short lengths of high grade results and	geological intervals less than 1m have been sampled.
	longer lengths of low grade results, the	• Results are generally reported using a 0.1 g/t Au
	procedure used for such aggregation	lower cut-off (as described above and reported in
	should be stated and some typical	the Attachments) and may include up to 4m of
	examples of such aggregations should be	internal dilution. Significant assays greater than 0.5
	shown in detail.	or 8.0 g/t Au are reported separately as contained
	• The assumptions used for any reporting of	within the broader lower grade intervals. For
	metal equivalent values should be clearly	example the broader plus 1.0 g/t Au intersection of
	stated.	6.5m @ 30.5 g/t Au contains a higher grade zone
		running plus 8 g/t Au and is included as 4m @ 48.5
		g/t Au. Where extremely high gold intersections are
		encountered as in this example, the highest grade
		sample interval (eg 1.0m @ 150 g/t Au) is also
		reported. All assay results are reported to 3
		significant figures in line with the analytical precision
		of the laboratory techniques employed.
		• No metal equivalent reportingis used or applied.
Relationship	• These relationships are particularly	• The intersection length is measured down the length
between	important in the reporting of Exploration	of the hole and is not usually the true width. When
mineralisation	Results.	sufficient knowledge on the thickness of the
widths and	• If the geometry of the mineralisation with	intersection is known an estimate of the true
intercept	respect to the drill hole angle is known, its	thickness is provided in the Attachment.
lengths	nature should be reported.	• The known geometry of the mineralisation with
	• If it is not known and only the down hole	respect to the drill holes reported in this report is
	lengths are reported, there should be a	poorly constrained from historical mining and
	clear statement to this effect (eg ‘down	previous drill hole intersections at Milky Way
	hole length, true width not known’).	(Mount Magnet) at this still early stage of the
		exploration
Diagrams	• Appropriate maps and sections (with	• Drillhole plan and sectional views of Milky Way have
	scales) and tabulations of intercepts	been provided in this release and previous releases
	should be included for any significant	to enable the reader to see the intersections relative
	discovery being reported These should	to previous mining and previous drill hole
	include, but not be limited to a plan view	intersections plus the current interpretation of the
	of drill hole collar locations and	overall lode geometry. Given the steep dip of the
	appropriate sectional views.	mineralisation at Milky Way the cross sectional view
		presentation is currently considered the best 2-D
		representation of the known spatial extent of the

Criteria	JORC Code explanation	Commentary
		mineralization intersected to date.
Balanced	• Where comprehensive reporting of all	• All RC drill holes completed to date are reported in
reporting	Exploration Results is not practicable,	this report and all material intersections as defined)
	representative reporting of both low and	are reported.
	high grades and/or widths should be
	practiced to avoid misleading reporting of
	Exploration Results.
Other	• Other exploration data, if meaningful and	• No other exploration data that has been collected is
substantive	material, should be reported including	considered meaningful and material to this report.
exploration	(but not limited to): geological
data	observations; geophysical survey results;
	geochemical survey results; bulk samples
	– size and method of treatment;
	metallurgical test results; bulk density,
	groundwater, geotechnical and rock
	characteristics; potential deleterious or
	contaminatingsubstances.
Further work	• The nature and scale of planned further	• Future exploration includes further step out drilling
	work (eg tests for lateral extensions or	below and along strike of the reported intersections
	depth extensions or large-scale step-out	at Milky Way to better define the extent of the
	drilling).	mineralization discovered to date.
	• Diagrams clearly highlighting the areas of
	possible extensions, including the main
	geological interpretations and future
	drilling areas, provided this information is
	not commerciallysensitive.

Appendix B – JORC Table 1 Report Blackmans Gold Deposit Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Sampling	• Nature and quality of sampling (e.g. cut	• Sampled by RC drilling with samples collected as 1m
techniques	channels, random chips, or specific	samples and sub-sampled using a riffle or cone
	specialised industry standard	splitter to produce ≈3kg sub-samples. Drillhole
	measurement tools appropriate to the	locations were designed to cover the spatial extents
	minerals under investigation, such as	of the interpreted mineralisation.
	down hole gamma sondes, or handheld	• Drill hole locations were designed to allow for spatial
	XRF instruments, etc). These examples	spread across the interpreted mineralised zone.
	should not be taken as limiting the broad	• Standard fire assaying was employed using a 50gm
	meaning of sampling.	charge with an AAS finish. Trace element
	• Include reference to measures taken to	determination was undertaken using a multi (4) acid
	ensure sample representivity and the	digest and ICP- AES finish.
	appropriate calibration of any
	measurement tools or systems used.
	• Aspects of the determination of
	mineralisation that are Material to the
	Public Report.
	• In cases where ‘industry standard’ work
	has been done this would be relatively
	simple (e.g. ‘reverse circulation drilling
	was used to obtain 1 m samples from
	which 3 kgwaspulverised toproduce a

Criteria	JORC Code explanation	Commentary
	30 g charge for fire assay’). In other cases
	more explanation may be required, such
	as where there is coarse gold that has
	inherent sampling problems. Unusual
	commodities or mineralisation types (e.g.
	submarine nodules) may warrant
	disclosure ofdetailed information.
Drilling	• Drill type (e.g. core, reverse circulation,	• RC Drilling was completed using best practice 5 ¾”
techniques	open-hole hammer, rotary air blast,	face sampling RC drilling hammers for all drill
	auger, Bangka, sonic, etc) and details	programmes.
	(e.g. core diameter, triple or standard	• Two HQ triple tube diamond core holes drilled
	tube, depth of diamond tails, face-	primarily for geotechnical investigation
	sampling bit or other type, whether core	• Minor historical RAB drilling was completed within
	is oriented and if so, by what method,	the upper laterite zone.
	etc).
Drill sample	• Method of recording and assessing core	• Bulk RC drill holes samples were visually inspected
recovery	and chip sample recoveries and results	by the supervising geologist to ensure adequate
	assessed.	clean sample recoveries were achieved. Any wet,
	• Measures taken to maximise sample	contaminated or poor sample returns are flagged
	recovery and ensure representative	and recorded in the database to ensure no sampling
	nature of the samples.	bias is introduced.
	• Whether a relationship exists between	• Zones of poor sample return are recorded in the
	sample recovery and grade and whether	database and cross checked once assay results are
	sample bias may have occurred due to	received from the laboratory to ensure no
	preferential loss/gain of fine/coarse	misrepresentation of sampling intervals has
	material.	occurred. Excellent RC drill recovery is reported
		from all RC holes.
		• No indication of sample bias is evident or has been
		established
Logging	• Whether core and chip samples have	• All RC drill samples are geologically logged on site by
	been geologically and geotechnically	RMS geologists. Details on the host lithologies,
	logged to a level of detail to support	deformation, dominant minerals including sulphide
	appropriate Mineral Resource estimation,	species and alteration minerals plus veining are
	mining studies and metallurgical studies.	recorded relationally (separately).
	• Whether logging is qualitative or	• Drillhole logging of RC chips is qualitative on visual
	quantitative in nature. Core (or costean,	recordings of rock forming minerals and estimates of
	channel, etc) photography.	mineral abundance.
	• The total length and percentage of the	• The entire length of drillholes are geologically logged
	relevant intersections logged.
Sub-sampling	• If core, whether cut or sawn and whether	• Duplicate samples are collected every 25thsample
techniques	quarter, half or all core taken.	from the RC chips.
and sample	• If non-core, whether riffled, tube	• Dry RC 1m samples are riffle split to 3kg as drilled
preparation	sampled, rotary split, etc and whether	and dispatched to the laboratory. Any wet samples
	sampled wet or dry.	are recorded in the database as such and allowed to
	• For all sample types, the nature, quality	dry before splitting and dispatching to the
	and appropriateness of the sample	laboratory.
	preparation technique.	• All samples are pulverized prior to splitting in the
	• Quality control procedures adopted for all	laboratory to ensure homogenous samples with 85%
	sub-sampling stages to maximise	passing 75um. 200gm is extracted by spatula that is
	representivity of samples.	used for the 50gm charge on standard fire assays.
	• Measures taken to ensure that the	• RC samples submitted to the laboratory are sorted
	sampling is representative of the in situ	and reconciled against the submission documents.
	material collected, including for instance	In addition to duplicates a high grade or low grade
	results for field duplicate/second-half	standard is included every 25thsample, a controlled
	sampling.	blank is inserted every 100thsample. The laboratory
	• Whether sample sizes are appropriate to	uses barren flushes to clean their pulveriser and

Criteria	JORC Code explanation	Commentary
	the grain size of the material being	their own internal standards and duplicates to
	sampled.	ensure quality control is maintained.
		• The sample size is considered appropriate for the
		type, style, thickness and consistency of
		mineralization.
Quality of	• The nature, quality and appropriateness	• The fire assay method is designed to measure the
assay data and	of the assaying and laboratory	total gold in the sample. The technique involves
laboratory	procedures used and whether the	standard fire assays using a 50gm sample charge
tests	technique is considered partial or total.	with a lead flux (decomposed in the furnace). The
	• For geophysical tools, spectrometers,	prill is totally digested by HCl and HNO3acids before
	handheld XRF instruments, etc, the	measurement of the gold determination by AAS.
	parameters used in determining the	• No field analyses of gold grades are completed.
	analysis including instrument make and	Quantitative analysis of the gold content and trace
	model, reading times, calibrations factors	elements is undertaken in a controlled laboratory
	applied and their derivation, etc.	environment.
	• Nature of quality control procedures	• Industry best practice is employed with the inclusion
	adopted (e.g. standards, blanks,	of duplicates and standards as discussed above, and
	duplicates, external laboratory checks)	used by Ramelius as well as the laboratory. All
	and whether acceptable levels of	Ramelius standards and blanks are interrogated to
	accuracy (i.e. lack of bias) and precision	ensure they lie within acceptable tolerances.
	have been established.	Additionally, sample size, grind size and field
		duplicates are examined to ensure no bias to gold
		grades exists.
Verification of	• The verification of significant	• Alternative Ramelius personnel have inspected the
sampling and	intersections by either independent or	RC chips in the field to verify the correlation of
assaying	alternative company personnel.	mineralised zones between assay results and
	• The use of twinned holes.	lithology, alteration and mineralization.
	• Documentation of primary data, data	• All holes are digitally logged in the field and all
	entry procedures, data verification, data	primary data is forwarded to Ramelius’ Database
	storage (physical and electronic)	Administrator (DBA) in Perth where it is imported
	protocols.	into Datashed. Assay data is electronically merged
	• Discuss any adjustment to assay data.	when received from the laboratory. The responsible
		project geologist reviews the data in the database to
		ensure that it is correct and has merged properly
		and that all the drill data collected in the field has
		been captured and entered into the database
		correctly.
		• The responsible geologist makes the DBA aware of
		any errors and/or omissions to the database and the
		corrections (if required) are corrected in the
		database immediately.
		• No adjustments or calibrations are made to any of
		the assaydata recorded in the database.
Location of	• Accuracy and quality of surveys used to	• Hole collars are picked up using accurate DGPS
data points	locate drill holes (collar and down-hole	survey control. All down hole surveys are collected
	surveys), trenches, mine workings and	using downhole Eastman single shot surveying
	other locations used in Mineral Resource	techniques provided by the drilling contractors.
	estimation.	• All Blackmans holes are picked up in MGA94 – Zone
	• Specification of the grid system used.	50 grid coordinates.
	• Quality and adequacy of topographic	• Topographic control is established from DTM survey
	control.	bases at Blackmans
Data spacing	• Data spacing for reporting of Exploration	• Exploration drill holes were planned on a nominal
and	Results.	25m (section) x 10m spacing at Blackmans to better
distribution	• Whether the data spacing and	define ore continuity.
	distribution is sufficient to establish the	• This spacing is considered adequate to define the
	degree of geological andgrade continuity	geological andgrade continuityof mineralisation

Criteria	JORC Code explanation	Commentary
	appropriate for the Mineral Resource and	• No sampling compositing has been applied within
	Ore Reserve estimation procedure(s) and	key mineralised intervals.
	classifications applied.
	• Whether sample compositing has been
	applied.
Orientation of	• Whether the orientation of sampling	• The drilling is drilled orthogonal to the interpreted
data in	achieves unbiased sampling of possible	strike of the target horizon.
relation to	structures and the extent to which this is	• Selected diamond twinning will be completed at
geological	known, considering the deposit type.	Blackmans in due course to confirm no drilling
structure	• If the relationship between the drilling	orientation and/or sampling bias is present; albeit
	orientation and the orientation of key	none has been recognized at this time as the
	mineralised structures is considered to	geological interpretation sits orthogonal to the drill
	have introduced a sampling bias, this	traces and is similar in orientation to regional
	should be assessed and reported if	mineralisation trends
	material.
Sample	• The measures taken to ensure sample	• All bagged RC samples are delivered directly from
security	security.	the field to the assay laboratory in Perth, whereupon
		the laboratory checks the physically received
		samples against Ramelius’ sample
		submission/dispatch notes.
Audits or	• The results of any audits or reviews of	• Sampling techniques and procedures are reviewed
reviews	sampling techniques and data.	prior to the commencement of new work
		programmes to ensure adequate procedures are in
		place to maximize the sample collection and sample
		quality on new projects. No external audits have
		been completed to date.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral	• Type, reference name/number, location	• The results reported in this report are on granted
tenement and	and ownership including agreements or	Mining Lease, ML 58/222 (Blackmans); owned 100%
land tenure	material issues with third parties such as	by Ramelius Resources Limited. The tenements are
status	joint ventures, partnerships, overriding	located on pastoral/grazing leases.
	royalties, native title interests, historical	• A minor $/t milled third party royalty is in place
	sites, wilderness or national park and	• At this time all the tenements are in good standing.
	environmental settings.	There are no known impediments to obtaining a
	• The security of the tenure held at the time	licence to operate in the area.
	of reporting along with any known
	impediments to obtaining a licence to
	operate in the area.
Exploration	• Acknowledgment and appraisal of	• Exploration at Blackmans consists of previous RAB
done by other	exploration by other parties.	and RC drilling drilled by previous owners. The most
parties		significant previous drilling was RC drilling conducted
		byHarmonyGold in 2006.
Geology	• Deposit type, geological setting and style	• The mineralisation at Blackmans is typical of
	of mineralisation.	orogenic structurally controlled Archaean gold lode
		systems. The mineralisation is controlled by
		anastomosing shear zones passing through
		competent rock units. The Blackmans mineralisation
		extends over 350m strike and dips around 900as two
		main and several subsidiary,subparallel lodes. A flat

Criteria	JORC Code explanation	Commentary
		lying shallow laterite of 8-15m depth hosts a
		secondary gold zone of 2-5m thickness above the
		residual saprolite zone.
		• Mineralisation appears to at least partially correlate
		with iron staining and/or minor disseminated
		sulphide andquartz veining.
Drill hole	• A summary of all information material to	• Exploration results not reported at this time. Refer
Information	the understanding of the exploration	to previous releases on drilling results.
	results including a tabulation of the
	following information for all Material drill
	holes:
	`o` easting and northing of the drill hole
	collar
	`o` elevation or RL (Reduced Level –
	elevation above sea level in metres) of
	the drill hole collar
	`o` dip and azimuth of the hole
	`o` down hole length and interception
	depth
	`o` hole length.
	• If the exclusion of this information is
	justified on the basis that the information
	is not Material and this exclusion does not
	detract from the understanding of the
	report, the Competent Person should
	clearlyexplain whythis is the case.
Data	• In reporting Exploration Results,	• Weighted average techniques are applied to
aggregation	weighting averaging techniques,	determine the grade of the anomalous interval when
methods	maximum and/or minimum grade	geological intervals less than 1m have been sampled.
	truncations (e.g. cutting of high grades)	• Results are generally reported using a 0.5 g/t Au
	and cut-off grades are usually Material	lower cut-off and may include up to 2m of internal
	and should be stated.	dilution.
	• Where aggregate intercepts incorporate	• No metal equivalent reporting is used or applied.
	short lengths of high grade results and
	longer lengths of low grade results, the
	procedure used for such aggregation
	should be stated and some typical
	examples of such aggregations should be
	shown in detail.
	• The assumptions used for any reporting of
	metal equivalent values should be clearly
	stated.
Relationship	• These relationships are particularly	• The intersection length is measured down the length
between	important in the reporting of Exploration	of the hole and is not usually the true width
mineralisation	Results.	• True widths are currently estimated as 85% of
widths and	• If the geometry of the mineralisation with	reported widths for the horizontal laterite ore zone
intercept	respect to the drill hole angle is known, its	and 60% of reported widths for sub-vertical lode
lengths	nature should be reported.	intercepts
	• If it is not known and only the down hole
	lengths are reported, there should be a
	clear statement to this effect (e.g. ‘down
	hole length,true width not known’).
Diagrams	• Appropriate maps and sections (with	• Representative maps and sections are shown in
	scales) and tabulations of intercepts	relevant noted releases.
	should be included for any significant
	discoverybeingreported These should

Criteria	JORC Code explanation	Commentary
	include, but not be limited to a plan view
	of drill hole collar locations and
	appropriate sectional views.
Balanced	• Where comprehensive reporting of all	• All RC drillhole intercepts completed by RMS were
reporting	Exploration Results is not practicable,	reported in previous ASX releases made on the
	representative reporting of both low and	12/01/2015, 09/03/2015 & 09/06/2015
	high grades and/or widths should be
	practiced to avoid misleading reporting of
	Exploration Results.
Other	• Other exploration data, if meaningful and	• No other exploration data that has been collected is
substantive	material, should be reported including	considered meaningful and material to this report
exploration	(but not limited to): geological
data	observations; geophysical survey results;
	geochemical survey results; bulk samples
	– size and method of treatment;
	metallurgical test results; bulk density,
	groundwater, geotechnical and rock
	characteristics; potential deleterious or
	contaminatingsubstances.
Further work	• The nature and scale of planned further	• Future exploration includes deeper drilling and
	work (e.g. tests for lateral extensions or	diamond core drilling below the reported
	depth extensions or large-scale step-out	intersections at Blackmans to better define the
	drilling).	depth extent and confirm the nature of the
	• Diagrams clearly highlighting the areas of	mineralisation.
	possible extensions, including the main
	geological interpretations and future
	drilling areas, provided this information is
	not commerciallysensitive.

Section 3 Estimation and Reporting of Mineral Resources

Criteria	JORC Code explanation	Commentary
Database	• Measures taken to ensure that data has	• Data has been sourced from the RMS drillhole
integrity	not been corrupted by, for example,	database using the Datashed system
	transcription or keying errors, between	• Validation checks were conducted for overlapping
	its initial collection and its use for	intervals, duplicate assays, EOH depth and negative
	Mineral Resource estimation purposes.	or zero assay values
	• Data validation procedures used.
Site visits	• Comment on any site visits undertaken	• The Competent Person has visited the site and
	by the Competent Person and the	confirmed observations available in drill cuttings
	outcome of those visits.	and surface features.
	• If no site visits have been undertaken
	indicate why this is the case.
Geological	• Confidence in (or conversely, the	• Confidence in the geological interpretation is
interpretation	uncertainty of) the geological	reasonable. The geometry and nature of
	interpretation of the mineral deposit.	mineralisation is similar to neighbouring deposits in
	• Nature of the data used and of any	the region
	assumptions made.	• Data used include drilling assay and geological
	• The effect, if any, of alternative	logging and minor historic surface workings
	interpretations on Mineral Resource	• No alternate interpretation envisaged
	estimation.	• Core drilling shows mineralised zones associated
	• The use of geology in guiding and	with narrow quartz veins and ferruginous fractures

	controlling Mineral Resource estimation. • The factors affecting continuity both of grade and geology.	(lower saprolite).
Dimensions	• The extent and variability of the Mineral Resource expressed as length (along strike or otherwise), plan width, and depth below surface to the upper and lower limits of the Mineral Resource.	• Blackmans extends over 350m strike. Gold mineralisation occurs as: 1) A flat lying laterite gold zone, generally 2-5m thick, starting 4-6m below surface. Plan dimension is 90m wide by 280m long. 2) A number of (8 major) steep west dipping (- 75°), narrow (generally 2-6m) lodes, with individual strike lengths of 60-300m. Top of lodes are 10-20m below surface, with a maximum current depth of 130m.
Estimation and modelling techniques	• The nature and appropriateness of the estimation technique(s) applied and key assumptions, including treatment of extreme grade values, domaining, interpolation parameters and maximum distance of extrapolation from data points. If a computer assisted estimation method was chosen include a description of computer software and parameters used. • The availability of check estimates, previous estimates and/or mine production records and whether the Mineral Resource estimate takes appropriate account of such data. • The assumptions made regarding recovery of by-products. • Estimation of deleterious elements or other non-grade variables of economic significance (e.g. sulphur for acid mine drainage characterisation). • In the case of block model interpolation, the block size in relation to the average sample spacing and the search employed. • Any assumptions behind modelling of selective mining units. • Any assumptions about correlation between variables. • Description of how the geological interpretation was used to control the resource estimates. • Discussion of basis for using or not using grade cutting or capping. • The process of validation, the checking process used, the comparison of model data to drill hole data, and use of reconciliation data if available.	• Deposits were estimated using geological software using Inverse Distance methods within hard bounded domains. The estimation method is appropriate for the deposit type. • One earlier broad model was documented by Harmony Gold and has been referenced • Only gold is estimated • No deleterious elements present • Parent cell of 10mN x 5mE x 5mRL with sub-cells to minimum of 2.5mN x 1mE x 1mRL • ratio. Parent cell estimation only. • No selective mining unit assumptions applied. • Domains were statistically analysed and assigned appropriate search directions, top-cuts and estimation parameters • Separate grade interpretation for individual lodes and for flat lying laterite domains • Samples were composited within ore domains to 1m lengths • Top cuts were applied to domains after review of grade population characteristics. Lodes were grouped as one population for statistical analysis • Validation included visual comparison against drillhole grades
Moisture	• Whether t he tonnages are estimated on a dry basis or with natural moisture, and the method of determination of the	• Tonnages are estimated on a dry basis

	moisture content.
Cut-off	• The basis of the adopted cut-off grade(s)	• A 1.0 g/t grade cut-off has been used for resource
parameters	or quality parameters applied.	reporting
Mining factors	• Assumptions made regarding possible	• Resources are reported on the assumption of
or assumptions	mining methods, minimum mining	mining by conventional open pit grade control and
	dimensions and internal (or, if applicable,	mining methods. A high dilution level of 10 - 20% is
	external) mining dilution. It is always	recommended for mining analysis.
	necessary as part of the process of
	determining reasonable prospects for
	eventual economic extraction to consider
	potential mining methods, but the
	assumptions made regarding mining
	methods and parameters when
	estimating Mineral Resources may not
	always be rigorous. Where this is the
	case, this should be reported with an
	explanation of the basis of the mining
	assumptions made.
Metallurgical	• The basis for assumptions or predictions	• Metallurgical testing was completed on a series of
factors or	regarding metallurgical amenability. It is	RC samples. Results were similar to Mt Magnet ore
assumptions	always necessary as part of the process	types and a 92% recovery factor is used.
	of determining reasonable prospects for
	eventual economic extraction to consider
	potential metallurgical methods, but the
	assumptions regarding metallurgical
	treatment processes and parameters
	made when reporting Mineral Resources
	may not always be rigorous. Where this
	is the case, this should be reported with
	an explanation of the basis of the
	metallurgical assumptions made.
Environmental	• Assumptions made regarding possible	• Environmental studies and waste characterisation
factors or	waste and process residue disposal	testing have been undertaken.
assumptions	options. It is always necessary as part of	• The bulk of mine waste would be likely to be
	the process of determining reasonable	oxidised rock
	prospects for eventual economic	• Ore treatment and tailings generation would occur
	extraction to consider the potential	at the Mt Magnet Checkers mill site.
	environmental impacts of the mining and
	processing operation. While at this stage
	the determination of potential
	environmental impacts, particularly for a
	greenfields project, may not always be
	well advanced, the status of early
	consideration of these potential
	environmental impacts should be
	reported. Where these aspects have not
	been considered this should be reported
	with an explanation of the environmental
	assumptions made.
Bulk density	• Whether assumed or determined. If	• Density measurements were completed on the
	assumed, the basis for the assumptions.	geotechnical diamond core holes using the weight
	If determined, the method used, whether	in air/weight in water method.
	wet or dry, the frequency of the	• They have been assigned by geological/weathering
	measurements, the nature, size and	domains as laterite/caprock 2.1, upper saprolite
	representativeness ofthe samples.	1.7, lower saprolite 2.1 and transitional mafic 2.6

	• The bulk density for bulk material must
	have been measured by methods that
	adequately account for void spaces
	(vugs, porosity, etc), moisture and
	differences between rock and alteration
	zones within the deposit.
	• Discuss assumptions for bulk density
	estimates used in the evaluation process
	of the different materials.
Classification	• The basis for the classification of the	• The resource has been classified as Indicated or
	Mineral Resources into varying	Inferred category’s based on geological and grade
	confidence categories.	continuity and drill hole spacing.
	• Whether appropriate account has been	• The resource classification accounts for all relevant
	taken of all relevant factors (ie relative	factors
	confidence in tonnage/grade	• The classification reflects the Competent Person’s
	estimations, reliability of input data,	view
	confidence in continuity of geology and
	metal values, quality, quantity and
	distribution of the data).
	• Whether the result appropriately reflects
	the Competent Person’s view of the
	deposit.
Audits or	• The results of any audits or reviews of	• The Mineral Resource has been reviewed by an
reviews	Mineral Resource estimates.	independent external consultant. No fatal flaws
		were identified.
Discussion of	• Where appropriate a statement of the	• Confidence in the relative accuracy of the estimates
relative	relative accuracy and confidence level in	is reflected by the classifications assigned
accuracy/	the Mineral Resource estimate using an	• The estimate is a global estimate
confidence	approach or procedure deemed	• No production data is available for comparison
	appropriate by the Competent Person.
	For example, the application of statistical
	or geostatistical procedures to quantify
	the relative accuracy of the resource
	within stated confidence limits, or, if such
	an approach is not deemed appropriate,
	a qualitative discussion of the factors
	that could affect the relative accuracy
	and confidence of the estimate.
	• The statement should specify whether it
	relates to global or local estimates, and,
	if local, state the relevant tonnages,
	which should be relevant to technical and
	economic evaluation. Documentation
	should include assumptions made and
	the procedures used.
	• These statements of relative accuracy
	and confidence of the estimate should be
	compared with production data, where
	available.

Section 4 Estimation and Reporting of Ore Reserves

Criteria	JORC Code explanation	Commentary
Mineral Resource estimate	• Description of the Mineral Resource	• Mineral Resource models described above
for conversion to Ore	estimate used as a basis for the	were regularised to form a diluted Ore
Reserves	conversion to an Ore Reserve.	Reserve model using selective mining units
	• Clear statement as to whether the	for evaluation and reporting
	Mineral Resources are reported	• Mineral Resources are reported inclusive of
	additional to, or inclusive of, the Ore	Ore Reserves
	Reserves.
Site visits	• Comment on any site visits	• The Competent Person has made one site
	undertaken by the Competent Person	visit
	and the outcome of those visits. • If no site visits have been undertaken	• Visit verified understanding of deposit and available information
	indicate why this is the case.
Study Status	• The type and level of study	• A pre-feasibility study has been carried out
	undertaken to enable Mineral	appropriate to the deposit type, mining
	Resources to be converted to Ore	method and scale. The study was carried out
	Reserves • The Code requires that a study to at least Pre-Feasibility Study level has	internally and externally using consultants where appropriate
	been undertaken to convert Mineral
	Resources to Ore Reserves. Such
	studies will have been carried out and
	will have determined a mine plan that
	is technically achievable and
	economically viable, and that
	material Modifying Factors have been
	considered. The effect, if any, of
	alternative interpretations on Mineral
	Resource estimation.
Cut-off parameters	• The basis of the cut-off grade(s) or	• Cutoff is calculated as part of the mine
	quality parameters applied.	optimisation evaluation and is 1.0 g/t
Mining factors or	• The method and assumptions used as	• The Mineral Resource model was factored to
assumptions	reported in the Pre-Feasibility or	generate diluted Ore Reserves during
	Feasibility Study to convert the	optimisation and evaluation processes
	Mineral Resource to an Ore Reserve	• Mining method is conventional open-pit
	(i.e. either by application of	with drill and blast, excavate, load and haul.
	appropriate factors by optimisation	• An external geotechnical report was
	or by preliminary or detailed design).	commissioned based on geotechnical
	• The choice, nature and	logging and information and gives
	appropriateness of the selected	recommended pit design details
	mining method(s) and other mining	• Additional mining dilution of 20% was
	parameters including associated	applied
	design issues such as pre-strip,	• Mining recovery of 95% was applied
	access, etc.	• Minimum width reflected by lode
	• The assumptions made regarding	interpretation 2-3m plus dilution
	geotechnical parameters (e.g. pit	• Inferred Resources were not used or
	slopes, stope sizes, etc), grade control	included in optimisation or final designs
	and pre-production drilling.	• Infrastructure required is small and of a
	• The major assumptions made and	temporary nature, i.e. workshop, offices,
	Mineral Resource model used for pit	fuel tank, generator, magazine and water
	and stope optimisation (if	transfer dam
	appropriate).

	• The mining dilution factors used.
	• The mining recovery factors used.
	• Any minimum mining widths used.
	• The manner in which Inferred Mineral
	Resources are utilised in mining
	studies and the sensitivity of the
	outcome to their inclusion.
	• The infrastructure requirements of
	the selected mining methods.
Metallurgical factors or	• The metallurgical process proposed	• Processing by conventional CIL/CIP gold
assumptions	and the appropriateness of that	milling at Mt Magnet Checkers Mill
	process to the style of mineralisation	• Well-tested existing technology
	• Whether the metallurgical process is	• Two metallurgy testwork programs have
	well-tested technology or novel in	been completed showing the ore has a
	nature.	recovery of 90-92%. 92% applied
	• The nature, amount and	• Metallurgy testwork programs have included
	representativeness of metallurgical	gravity concentration, cyanide leach and
	test work undertaken, the nature of	grind establishment
	the metallurgical domaining applied	• No deleterious elements are present -gold
	and the corresponding metallurgical	only, oxide ore.
	recovery factors applied.	• No bulk sample testwork has been carried
	• Any assumptions or allowances made	out
	for deleterious elements.
	• The existence of any bulk sample or
	pilot scale test work and the degree
	to which such samples are considered
	representative of the orebody as a
	whole.
	• For minerals that are defined by a
	specification, has the ore reserve
	estimation been based on the
	appropriate mineralogy to meet the
	specifications?
Environmental	• The status of studies of potential	• Environmental studies are well advanced
	environmental impacts of the mining	and include submission of a Mining Proposal
	and processing operation. Details of waste rock characterisation and the	and Closure plan to the DMP
	consideration of potential sites,
	status of design options considered
	and, where applicable, the status of
	approvals for process residue storage
	and waste dumps should be reported.
Infrastructure	• The existence of appropriate	• Infrastructure at site is minimal and consists
	infrastructure: availability of land for	of access roads and tracks. A dewatering
	plant development, power, water,	bore has been established.
	transportation (particularly for bulk	• Accommodation and flights will use
	commodities), labour,	established facilities Mt Magnet
	accommodation; or the ease with which the infrastructure can be	• The project has low infrastructure requirements of a temporary nature
	provided, or accessed.
Costs	• The derivation of, or assumptions	• Capital costs based on recent capital costs at
	made, regarding projected capital	Kathleen Valley and Vivien projects
	costs in the study. • The methodology used to estimate operating costs. • Allowances madefor the content of	• Operating costs based on current Mt Magnet milling costs, estimated ore haulage rates and recent mining and administration

	deleterious elements.	costs
	• The derivation of assumptions made	• No deleterious elements present
	of metal or commodity price(s), for the principal minerals and co- products.	• Using 2015 average gold price • Cost models use Australian dollars
	• The source of exchange rates used in	• Ore haulage rates based on quoted
	the study.	contractor rates
	• Derivation of transportation charges.	• Treatment costs based on known current
	• The basis for forecasting or source of	milling costs. No penalties or specifications
	treatment and refining charges,	• State royalty of 2.5% used
	penalties for failure to meet specification, etc.	• Third party royalty of $2/t ore milled applied
	• The allowances made for royalties
	payable, both Government and
	private.
Revenue Factors	• The derivation of, or assumptions	• Gold price of $1500/oz used
	made regarding revenue factors
	including head grade, metal or
	commodity price(s) exchange rates,
	transportation and treatment
	charges, penalties, net smelter
	returns, etc.
	• The derivation of assumptions made
	of metal or commodity price(s), for
	the principal metals, minerals and co-
	products.
Market Assessment	• The demand, supply and stock	• Doré is sold direct to the Perth Mint at spot
	situation for the particular	price
	commodity, consumption trends and factors likely to affect supply and demand into the future.	• Market window unlikely to change • Price is likely to go up, down or remain same
	• A customer and competitor analysis	• Not industrial mineral
	along with the identification of likely
	market windows for the product.
	• Price and volume forecasts and the
	basis for these forecasts.
	• For industrial minerals the customer
	specification, testing and acceptance
	requirements prior to a supply
	contract.
Economic	• The inputs to the economic analysis	• No NPV applied
	to produce the net present value	• Project is relatively short life at ≈1 year
	(NPV) in the study, the source and
	confidence of these economic inputs
	including estimated inflation,
	discount rate, etc.
	• NPV ranges and sensitivity to
	variations in the significant
	assumptions and inputs.
Social	• The status of agreements with key	• Stakeholders have been consulted
	stakeholders and matters leading to	• A Heritage Survey was completed with the
	social licence to operate.	Aboriginal Claimant Group
Other	• To the extent relevant, the impact of	• No material risks are identified
	the following on the project and/or
	on the estimation and classification

	of the Ore Reserves:
	• Any identified material naturally
	occurring risks.
	• The status of material legal
	agreements and marketing
	arrangements.
	• The status of governmental
	agreements and approvals critical to
	the viability of the project, such as
	mineral tenement status, and
	government and statutory approvals.
	There must be reasonable grounds to
	expect that all necessary Government
	approvals will be received within the
	timeframes anticipated in the Pre-
	Feasibility or Feasibility study.
	Highlight and discuss the materiality
	of any unresolved matter that is
	dependent on a third party on which
	extraction of the reserve is
	contingent.
Classification	• The basis for the classification of the	• Reserves are classified according to
	Ore Reserves into varying confidence	Resource classification
	categories.	• They reflect the Competent Person’s view
	• Whether the result appropriately	• No Measured Resource exists. All Reserve is
	reflects the Competent Person’s view	Probable category and based on Indicated
	of the deposit.	Resource
	• The proportion of Probable Ore
	Reserves that have been derived from
	Measured Mineral Resources (if any)
Audits or reviews	• The results of any audits or reviews of	• No audits carried out
	Ore Reserve estimates.
Discussion of relative	• Where appropriate a statement of	• Confidence is in line with gold industry
accuracy/confidence	the relative accuracy and confidence	standards and the companies aim to provide
	level in the Ore Reserve estimate	effective prediction for current and future
	using an approach or procedure	mining projects. No statistical quantification
	deemed appropriate by the	of confidence limits has been applied
	Competent Person. For example, the	• Estimates are global
	application of statistical or	• The Reserve is most sensitive to; a) resource
	geostatistical procedures to quantify	grade accuracy, b) gold price c) pit wall
	the relative accuracy of the reserve	stability
	within stated confidence limits, or, if	• Reserve confidence is reflected by the
	such an approach is not deemed	Probable category applied, which in turn
	appropriate, a qualitative discussion	reflects the confidence of the Mineral
	of the factors which could affect the	Resource
	relative accuracy and confidence of	• No modern production data is available for
	the estimate.	comparison
	• The statement should specify whether
	it relates to global or local estimates,
	and, if local, state the relevant
	tonnages, which should be relevant
	to technical and economic evaluation.
	Documentation should include
	assumptions made and the
	procedures used.
	• Accuracyand confidence discussions

should extend to specific discussions of any applied Modifying Factors that may have a material impact on Ore Reserve viability, or for which there are remaining areas of uncertainty at the current study stage. • It is recognised that this may not be possible or appropriate in all circumstances. These statements of relative accuracy and confidence of the estimate should be compared with production data, where available.

Appendix C – JORC Table 1 Report Kathleen Valley Gold Deposit Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Sampling	• Nature and quality of sampling (eg cut	• The Kathleen Valley deposits consisting of
techniques	channels, random chips, or specific	Mossbecker, Yellow Aster and Nils Desperandum
	specialised industry standard	were drilled by Newmont in the mid 1980’s, Sir
	measurement tools appropriate to the	Samuel Mines in the late 1980’s, Jubilee Mines mid-
	minerals under investigation, such as	1990’s and by Xstrata (XNAO) in 2012. Ramelius
	down hole gamma sondes, or handheld	undertook further RC drilling in Nov 2014 to improve
	XRF instruments, etc). These examples	the confidence in the continuity of the high grade
	should not be taken as limiting the broad	gold mineralisation. Additional drilling has been
	meaning of sampling.	undertaken in 2015 in the Yellow Aster & Nil
	• Include reference to measures taken to	Desperandum areas.
	ensure sample representivity and the	• Predominately as RC drill samples collected as 1m
	appropriate calibration of any	samples, with 2 & 4m composites also used and sub-
	measurement tools or systems used.	sampled using a riffle or cone splitter to produce
	• Aspects of the determination of	≈3kg sub-samples. Diamond core was halved with a
	mineralisation that are Material to the	diamond saw to produce representative sub-samples
	Public Report.	on 1m or geologically selected intervals
	• In cases where ‘industry standard’ work	• Drillhole locations were designed to cover the spatial
	has been done this would be relatively	extents of the interpreted mineralisation.
	simple (eg ‘reverse circulation drilling was	• A large proportion of the drilling occurred between
	used to obtain 1 m samples from which 3	1992-1994.
	kg was pulverised to produce a 30 g	• Drill samples were pulverized and assayed by 25g
	charge for fire assay’). In other cases	Aqua Regia, 1.5kg BLARG or 50g Fire Assay, with an
	more explanation may be required, such	AAS finish. A proportion of coarse, ‘nuggety’ gold
	as where there is coarse gold that has	exists.
	inherent sampling problems. Unusual
	commodities or mineralisation types (e.g.
	submarine nodules) may warrant
	disclosure ofdetailed information.
Drilling	• Drill type (eg core, reverse circulation,	• RC drilling was completed using standard +5” drill
techniques	open-hole hammer, rotary air blast,	hammers. 2015 drilling was completed using light RC
	auger, Bangka, sonic, etc) and details (eg	with a 4” hammer. Diamond drillholes include HQ
	core diameter, triple or standard tube,	and NQ core sizes. Core was not orientated.
	depth of diamond tails, face-sampling bit	• For Mossbecker 89% of the drilling is by RC (295
	or other type,whether core is oriented	holes)and 11% is byDiamond(31 holes). For Yellow

Criteria	JORC Code explanation	Commentary
	and if so, by what method, etc).	Aster & Nils Desperandum 96% of the drilling is by
		RC(559 holes)and 4% was byDiamond(21 holes)
Drill sample	• Method of recording and assessing core	• Core recovery recorded for 16 diamond drillholes is
recovery	and chip sample recoveries and results	almost uniformly 100% and inspection of 2012 drill
	assessed.	core shows the deposit is hosted by competent units
	• Measures taken to maximise sample	which are amenable to effective RC drilling
	recovery and ensure representative	• 2014 & 2015 Ramelius RC drilling had no issues with
	nature of the samples.	chip sample recovery or wet samples. A small
	• Whether a relationship exists between	number of low recovery samples occurred at know
	sample recovery and grade and whether	void positions at Yellow Aster.
	sample bias may have occurred due to	• No indication of sample bias is evident or has been
	preferential loss/gain of fine/coarse	established
	material.
Logging	• Whether core and chip samples have	• RC and diamond drill samples were geologically
	been geologically and geotechnically	logged for lithology. All recent drilling and some
	logged to a level of detail to support	historic logging has more detail with logging of
	appropriate Mineral Resource estimation,	oxidation, sulphides, quartz veining, alteration, etc.
	mining studies and metallurgical studies.	Some holes are geotechnically logged and have had
	• Whether logging is qualitative or	metallurgical testwork.
	quantitative in nature. Core (or costean,	• Drillhole logging of RC chips is qualitative on visual
	channel, etc) photography.	recordings of rock forming minerals and estimates of
	• The total length and percentage of the	mineral abundance.
	relevant intersections logged.	• The entire length of drillholes aregeologicallylogged
Sub-sampling	• If core, whether cut or sawn and whether	• For older historic drilling samples were collected in
techniques	quarter, half or all core taken.	plastic bags at the mouth of the cyclone. They were
and sample	• If non-core, whether riffled, tube	then riffle split to generate a 2kg sub-sample.
preparation	sampled, rotary split, etc and whether	Occasional wet samples were sampled using a half
	sampled wet or dry.	tube spear method.
	• For all sample types, the nature, quality	• For Xstrata drilling, sawn half diamond core samples
	and appropriateness of the sample	collected or dry RC samples were riffle split on rig to
	preparation technique.	3kg sub-samples.
	• Quality control procedures adopted for all	• For Ramelius drilling RC samples were collected via a
	sub-sampling stages to maximise	rig mounted cyclone and integrated cone splitter or
	representivity of samples.	riffle splitter as 3kg sub-samples.
	• Measures taken to ensure that the	• Samples were entirely pulverized prior to sub-
	sampling is representative of the in situ	sampling in the laboratory to ensure homogenous
	material collected, including for instance	samples with 85% passing 75um. 200gm is extracted
	results for field duplicate/second-half	for the 50gm charge on standard fire assays.
	sampling.	• For the 2012 Xstrata and 2014/15 Ramelius drilling
	• Whether sample sizes are appropriate to	programs a programme of quality control reference
	the grain size of the material being	standards, field duplicates, blank samples was
	sampled.	implemented to monitor the accuracy and precision
		of laboratory data.
		• The sample size is considered appropriate for the
		type, style, thickness and consistency of
		mineralization.
Quality of	• The nature, quality and appropriateness	• The use of Aqua Regia (AR) method for many
assay data and	of the assaying and laboratory	historical assays, may not fully evaluate total gold in
laboratory	procedures used and whether the	samples but would still be indicative of the majority
tests	technique is considered partial or total.	of gold present. Many historic anomalous AR assays
	• For geophysical tools, spectrometers,	where re-assayed by 1.5kg Bulk Leachable Aqua
	handheld XRF instruments, etc, the	Regia Gold (BLARG) method. Recent assay has used
	parameters used in determining the	40 or 50g Fire Assay techniques.
	analysis including instrument make and	• No field analyses of gold grades. Quantitative
	model, reading times, calibrations factors	analysis of the gold content is undertaken in a
	applied and their derivation,etc.	controlled laboratoryenvironment.

Criteria	JORC Code explanation	Commentary
	• Nature of quality control procedures	• QAQC measures were carried out by Xstrata and
	adopted (e.g. standards, blanks,	Ramelius including certified reference standards,
	duplicates, external laboratory checks)	field duplicates, blank samples and umpire
	and whether acceptable levels of	laboratory check samples
	accuracy (ie lack of bias) and precision	• QAQC for historic drilling mainly exists as
	have been established.	comparison assays using varied methods and
		interlab checks. These show no significant bias.
Verification of	• The verification of significant	• Ramelius personnel have inspected the RC drill sites
sampling and	intersections by either independent or	in the field and available core holes to verify the
assaying	alternative company personnel.	correlation of mineralized zones between assay
	• The use of twinned holes.	results and lithology, alteration and mineralization.
	• Documentation of primary data, data	• Drillholes are frequently overlapping or confirmed by
	entry procedures, data verification, data	later close spaced drilling. 2012 and 2014/15
	storage (physical and electronic)	drillholes re-test numerous earlier holes, compare
	protocols.	well and verify previous sampling and assay results.
	• Discuss any adjustment to assay data.	• Significant hardcopy documentation of historic
		drilling, including logs and assays data entry is
		available and checks verify the dataset.
		• No adjustments or calibrations are made to any of
		the assaydata recorded in the database.
Location of	• Accuracy and quality of surveys used to	• Recent drillhole collars were picked up using DGPS
data points	locate drill holes (collar and down-hole	survey control. Historic drilling was set out and
	surveys), trenches, mine workings and	measured to a pegged grid to ≈1m accuracy. Only
	other locations used in Mineral Resource	limited downhole survey is available. Many holes are
	estimation.	short and/or vertical and unsurveyed.
	• Specification of the grid system used.	• Holes were transcribed to MGA94 – Zone 51 grid
	• Quality and adequacy of topographic	coordinates.
	control.	• Topographic control is established from DTMs
		generated from mine surveyors’ total station final
		pickups of the surroundinglandforms.
Data spacing	• Data spacing for reporting of Exploration	• Drillhole spacing ranges is typically 25m section lines
and	Results.	with 5 – 12m on section spacing. Recent 2015 drilling
distribution	• Whether the data spacing and	has infilled areas further at 10m by 8m spacings
	distribution is sufficient to establish the	• Drill spacing is sufficient to establish Mineral
	degree of geological and grade continuity	Resources and classifications applied.
	appropriate for the Mineral Resource and	• Sample compositing occurs in a proportion of
	Ore Reserve estimation procedure(s) and	historic drilling, including mineralised zones. Ore
	classifications applied.	width interpretation is biased to later drilling using
	• Whether sample compositing has been	1m sample intervals or diamond core geologically
	applied.	selected intervals in preference to 2 or 4m
		composite samples.
Orientation of	• Whether the orientation of sampling	• The drilling is orthogonal to the interpreted strike of
data in	achieves unbiased sampling of possible	the target horizon. Holes are frequently vertical or
relation to	structures and the extent to which this is	60-70° dipping, intersecting horizontal to shallow
geological	known, considering the deposit type.	dipping mineralisation
structure	• If the relationship between the drilling	• Structural logging of available diamond core
	orientation and the orientation of key	supports the drilling direction
	mineralised structures is considered to	• No drilling orientation and/or sampling bias has
	have introduced a sampling bias, this	been recognized in the data
	should be assessed and reported if
	material.
Sample	• The measures taken to ensure sample	• Historical drilling, measures unknown. New drilling
security	security.	samples dispatched by dedicated courier and sample
		receipt checks completed

Criteria	JORC Code explanation	Commentary
Audits or	• The results of any audits or reviews of	• Ramelius and others have reviewed sampling
reviews	sampling techniques and data.	techniques and data. While detailed information on
		historic drilling methods and QAQC is weaker than
		current standards, earlier reports show sampling
		methods and data compilation was at best practice
		levels for theperiod.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral	• Type, reference name/number, location	• The results reported in this report are on granted
tenement and	and ownership including agreements or	Mining Lease ML36/375 wholly owned Ramelius
land tenure	material issues with third parties such as	Resources Limited. The mining lease is located on a
status	joint ventures, partnerships, overriding	pastoral lease.
	royalties, native title interests, historical	• At this time all the tenements are in good standing.
	sites, wilderness or national park and	There are no known impediments to obtaining
	environmental settings.	licences to operate in the area.
	• The security of the tenure held at the time
	of reporting along with any known
	impediments to obtaining a licence to
	operate in the area.
Exploration	• Acknowledgment and appraisal of	• The Yellow Aster & Nil Desperandum deposits had
done by other	exploration by other parties.	historic underground mining in the early 1900’s to
parties		depths of around 40m. Total production is recorded
		as 63,500t at 18.6g/t.
		• Exploration by other parties has been reviewed and
		is used as a guide to Ramelius’ exploration activities.
		Previous parties have completed shallow RAB,
		Aircore, RC and Diamond drilling, geophysical data
		collection and interpretation.
Geology	• Deposit type, geological setting and style	• The mineralisation at the Kathleen Valley deposits is
	of mineralisation.	typical of orogenic structurally controlled Archaean
		gold lode systems. The mineralisation is controlled
		by a flat lying N/S trending fault at the base of the
		Jones Creek Conglomerate and overlying ultramafic
		rocks. The Mossbecker deposit, for example,
		extends over 350m strike. Gold mineralisation
		occurs in 1 or 2 main sub-horizontal lodes 2-10m
		thick and 30-50m wide and plunging around 15°to
		the southwest. Mineralisation is associated with
		silica-biotite alteration and disseminated
		arsenopyrite andpyrite.
Drill hole	• A summary of all information material to	• Exploration results not reported at this time. Refer
Information	the understanding of the exploration	to previous releases on drilling results.
	results including a tabulation of the
	following information for all Material drill
	holes:
	`o` easting and northing of the drill hole
	collar
	`o` elevation or RL (Reduced Level –
	elevation above sea level in metres) of
	the drill hole collar

Criteria	JORC Code explanation	Commentary	Commentary
	`o` dip and azimuth of the hole
	`o` down hole length and interception
	depth
	`o` hole length.
	• If the exclusion of this information is
	justified on the basis that the information
	is not Material and this exclusion does not
	detract from the understanding of the
	report, the Competent Person should
	clearlyexplain whythis is the case.
Data	• In reporting Exploration Results,	•	New drill results are reported above a 0.5 ppm lower
aggregation	weighting averaging techniques,		cutoff. No topcut is applied. Samples are all 1m so no
methods	maximum and/or minimum grade		weighting is applied.
	truncations (eg cutting of high grades)	•	Intercepts may include sub-0.5 ppm grades for
	and cut-off grades are usually Material		continuity and reflect resource interpretation ore
	and should be stated.		shapes
	• Where aggregate intercepts incorporate	•	All values are Au (ppm)
	short lengths of high grade results and
	longer lengths of low grade results, the
	procedure used for such aggregation
	should be stated and some typical
	examples of such aggregations should be
	shown in detail.
	• The assumptions used for any reporting of
	metal equivalent values should be clearly
	stated.
Relationship	• These relationships are particularly	•	Intercepts are generally close to true width (90-
between	important in the reporting of Exploration		100%) given the sub-horizontal geometry of the ore
mineralisation	Results.		zones.
widths and	• If the geometry of the mineralisation with
intercept	respect to the drill hole angle is known, its
lengths	nature should be reported.
	• If it is not known and only the down hole
	lengths are reported, there should be a
	clear statement to this effect (eg ‘down
	hole length,true width not known’).
Diagrams	• Appropriate maps and sections (with	•	Representative maps and sections are shown in
	scales) and tabulations of intercepts		previous noted releases
	should be included for any significant
	discovery being reported These should
	include, but not be limited to a plan view
	of drill hole collar locations and
	appropriate sectional views.
Balanced	• Where comprehensive reporting of all	•	Results reported reflect infill drilling of core areas of
reporting	Exploration Results is not practicable,		the Kathleen Valley deposits and expected economic
	representative reporting of both low and		intervals interpreted in the Mineral Resource
	high grades and/or widths should be		interpretation
	practiced to avoid misleading reporting of
	Exploration Results.
Other	• Other exploration data, if meaningful and	•	Drilling data is accompanied by a number of
substantive	material, should be reported including		investigations on groundwater, metallurgy, waste
exploration	(but not limited to): geological		rock geochemistry, etc.
data	observations; geophysical survey results;	•
	geochemical survey results; bulk samples
	– size and method of treatment;
	metallurgical test results;bulk density,

Criteria	JORC Code explanation	Commentary
	groundwater, geotechnical and rock
	characteristics; potential deleterious or
	contaminatingsubstances.
Further work	• The nature and scale of planned further	• Further work is likely to comprise of exploration
	work (eg tests for lateral extensions or	drilling to test depth extensions or along strike
	depth extensions or large-scale step-out	positions.
	drilling).
	• Diagrams clearly highlighting the areas of
	possible extensions, including the main
	geological interpretations and future
	drilling areas, provided this information is
	not commerciallysensitive.

Section 3 Estimation and Reporting of Mineral Resources

Criteria	JORC Code explanation	Commentary
Database	• Measures taken to ensure that data has	• Data has been sourced from an Access Drillhole
integrity	not been corrupted by, for example,	Database provided by XNAO
	transcription or keying errors, between	• Previous reports detail validation checks for missing
	its initial collection and its use for	assays and geology intervals, overlapping intervals,
	Mineral Resource estimation purposes.	duplicate assays, EOH depth, hole collar elevations
	• Data validation procedures used.	and assay value detection limits, negative and zero
		values
Site visits	• Comment on any site visits undertaken	• The Competent Person has made multiple site visits
	by the Competent Person and the	• Visits have verified understanding of deposit
	outcome of those visits.
	• If no site visits have been undertaken
	indicate why this is the case.
Geological	• Confidence in (or conversely, the	• Confidence in the geological interpretation is high
interpretation	uncertainty of) the geological	• Data used include drilling assay and geological
	interpretation of the mineral deposit.	logging, surface outcrop and minor historic surface
	• Nature of the data used and of any	and underground workings, diamond core logging
	assumptions made.	and structure
	• The effect, if any, of alternative	• No alternate interpretation envisaged.
	interpretations on Mineral Resource	• Geology confirms primary grade interpretation
	estimation.	• Grade continuity affected by relatively nuggety gold
	• The use of geology in guiding and	mineralisation
	controlling Mineral Resource estimation.
	• The factors affecting continuity both of
	grade and geology.
Dimensions	• The extent and variability of the Mineral	• Nil Desperandum deposit is typically 2-6m thick, 40-
	Resource expressed as length (along	60m wide and plunges at 30° to the northwest.
	strike or otherwise), plan width, and	• Yellow Aster North deposit is typically 5-8m thick,
	depth below surface to the upper and	30m wide and plunges at 35° to the south west
	lower limits of the Mineral Resource.
Estimation and	• The nature and appropriateness of the	• Deposits were estimated using geological software
modelling	estimation technique(s) applied and key	using Inverse Distance and Ordinary Kriging
techniques	assumptions, including treatment of	methods within hard bounded mineralised
	extreme grade values, domaining,	domains. The estimation method is appropriate for
	interpolation parameters and maximum	the deposit type.
	distance ofextrapolationfrom data	• The deposits have been previously modelled and

	points. If a computer assisted estimation	estimated and comparisons with several earlier
	method was chosen include a description	models have been made. Only gold is estimated
	of computer software and parameters	• No deleterious elements present
	used.	• Block size was determined by kriging efficiency test.
	• The availability of check estimates,	Parent cell of 5mN x 5mE x 5mRL with sub-cells of
	previous estimates and/or mine	2.5mN x 2.5mE x 1.25mRL. Parent cell estimation
	production records and whether the	only.
	Mineral Resource estimate takes	• Each domain was assigned appropriate search
	appropriate account of such data.	directions, top-cuts and kriging parameters
	• The assumptions made regarding	• Geological interpretation matches grade domain
	recovery of by-products.	interpretation with sub-horizontal lodes used to
	• Estimation of deleterious elements or	model deposit
	other non-grade variables of economic	• Samples were composited within ore domains to
	significance (eg sulphur for acid mine	1m lengths
	drainage characterisation).	• Top cuts were applied to domains after review of
	• In the case of block model interpolation,	grade population characteristics a ≈99% topcut of
	the block size in relation to the average	50g/t was applied to Nil Desperandum and 30g/t to
	sample spacing and the search	Yellow Aster North
	employed.	• Validation included visual comparison against
	• Any assumptions behind modelling of	drillhole grades and swath grade plots
	selective mining units.
	• Any assumptions about correlation
	between variables.
	• Description of how the geological
	interpretation was used to control the
	resource estimates.
	• Discussion of basis for using or not using
	grade cutting or capping.
	• The process of validation, the checking
	process used, the comparison of model
	data to drill hole data, and use of
	reconciliation data if available.
Moisture	• Whether t he tonnages are est imated on	• Tonnages are estimated on a dry basis
	a dry basis or with natural moisture, and
	the method of determination of the
	moisture content.
Cut-off	• The basis of the adopted cut-off grade(s)	• A 0.5 g/t grade cut-off has been used for ore
parameters	or quality parameters applied.	interpretation and resource reporting
		• This cutoff encapsulates the mineralisation
		effectively and typically discriminates economic
		material from waste
Mining factors	• Assumptions made regarding possible	• Resources are reported on the assumption of
or assumptions	mining methods, minimum mining	mining by conventional open pit grade control and
	dimensions and internal (or, if applicable,	mining methods. 95% of the resource is less than
	external) mining dilution. It is always	100m deep. Previous scoping studies show a
	necessary as part of the process of	significant proportion of resources can be economic
	determining reasonable prospects for	in an open pit scenario. Studies have included block
	eventual economic extraction to consider	regularisation to simulate significant mining dilution
	potential mining methods, but the	that would be incurred mining sub-horizontal lodes
	assumptions made regarding mining
	methods and parameters when
	estimating Mineral Resources may not
	always be rigorous. Where this is the
	case, this should be reported with an
	explanation of the basis of the mining
	assumptions made.

Metallurgical factors or assumptions	• The basis for assumptions or predictions regarding metallurgical amenability. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential metallurgical methods, but the assumptions regarding metallurgical treatment processes and parameters made when reporting Mineral Resources may not always be rigorous. Where this is the case, this should be reported with an explanation of the basis of the metallurgical assumptions made.	• Metallurgical testwork shows Mossbecker ore to be free milling with a high gravity gold recovery and total recovery of 95% • Current KV ore milling is achieving 97% recovery
Environmental factors or assumptions	• Assumptions made regarding possible waste and process residue disposal options. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider the potential environmental impacts of the mining and processing operation. While at this stage the determination of potential environmental impacts, particularly for a greenfields project, may not always be well advanced, the status of early consideration of these potential environmental impacts should be reported. Where these aspects have not been considered this should be reported with an explanation of the environmental assumptions made.	• Previous studies were completed by XNAO covering soil and wasterock characteristics, flora and fauna, surface and groundwater hydrology • No specific issues beyond normal open pit mine licensing are envisaged • Areas within the mining lease are available for placement of a Waste Land Form. Previous testwork has been completed showing the bulk of waste rocks lack sulphides and are Non Acid Forming. Ore processing will take place at existing mill facilities offsite • Water inflows can be pumped to an existing open pit
Bulk density	• Whether assumed or determined. If assumed, the basis for the assumptions. If determined, the method used, whether wet or dry, the frequency of the measurements, the nature, size and representativeness of the samples. • The bulk density for bulk material must have been measured by methods that adequately account for void spaces (vugs, porosity, etc), moisture and differences between rock and alteration zones within the deposit. • Discuss assumptions for bulk density estimates used in the evaluation process of the different materials.	• Density measurements were carried out by Jubilee on HQ diamond core using the water immersion method • Densities of 2.3 for oxide, 2.6 for transitional and 2.7 for fresh were applied
Classification	• The basis for the classification of the Mineral Resources into varying confidence categories. • Whether appropriate account has been taken of all relevant factors (ie relative confidence in tonnage/grade estimations, reliability of input data, confidence in continuity of geology and metal values, quality, quantity and distribution of the data). • Whether the result appropriately reflects	• While a significant proportion of the drilling is historic the deposits are relatively well drilled, confidence in geological interpretation and grade is good, new drilling confirms earlier results and review of older reports shows drilling met or exceeded industry standards for the period. At Yellow Aster North and Nil Desperandum recent drilling has upgraded shallower resources to Indicated • The resource classification accounts for all relevant factors

	the Competent Person’s view of the	• The classification reflects the Competent Person’s
	deposit.	view
Audits or	• The results of any audits or reviews of	• The resource was audited by an External
reviews	Mineral Resource estimates.	Consultant. No fatal flaws were identified
Discussion of	• Where appropriate a statement of the	• Confidence in the relative accuracy of the estimates
relative	relative accuracy and confidence level in	is reflected by the classifications assigned
accuracy/	the Mineral Resource estimate using an	• The estimates are global estimates
confidence	approach or procedure deemed	• Recent ore production from Mossbecker is
	appropriate by the Competent Person.	performing well against resource/reserve estimates
	For example, the application of statistical
	or geostatistical procedures to quantify
	the relative accuracy of the resource
	within stated confidence limits, or, if such
	an approach is not deemed appropriate,
	a qualitative discussion of the factors
	that could affect the relative accuracy
	and confidence of the estimate.
	• The statement should specify whether it
	relates to global or local estimates, and,
	if local, state the relevant tonnages,
	which should be relevant to technical and
	economic evaluation. Documentation
	should include assumptions made and
	the procedures used.
	• These statements of relative accuracy
	and confidence of the estimate should be
	compared with production data, where
	available.

Section 4 Estimation and Reporting of Ore Reserves

Criteria	JORC Code explanation	Commentary
Mineral Resource estimate	• Description of the Mineral Resource	• Mineral Resource models described above
for conversion to Ore	estimate used as a basis for the	were regularised to form a diluted Ore
Reserves	conversion to an Ore Reserve.	Reserve model using selective mining units
	• Clear statement as to whether the	for evaluation and reporting
	Mineral Resources are reported	• Mineral Resources are reported inclusive of
	additional to, or inclusive of, the Ore	Ore Reserves
	Reserves.
Site visits	• Comment on any site visits	• The Competent Person has made multiple
	undertaken by the Competent Person	site visits
	and the outcome of those visits. • If no site visits have been undertaken	• Visit verified understanding of deposit and available information
	indicate why this is the case.
Study Status	• The type and level of study	• A pre-feasibility study has been carried out
	undertaken to enable Mineral	appropriate to the deposit type, mining
	Resources to be converted to Ore	method and scale. The study was carried out
	Reserves • The Code requires that a study to at least Pre-FeasibilityStudylevel has	internally and externally using consultants where appropriate

	been undertaken to convert Mineral
	Resources to Ore Reserves. Such
	studies will have been carried out and
	will have determined a mine plan that
	is technically achievable and
	economically viable, and that
	material Modifying Factors have been
	considered. The effect, if any, of
	alternative interpretations on Mineral
	Resource estimation.
Cut-off parameters	• The basis of the cut-off grade(s) or	• Cutoff is calculated as part of current mine
	quality parameters applied.	operations and is 1.5 g/t
Mining factors or	• The method and assumptions used as	• The Mineral Resource model was regularised
assumptions	reported in the Pre-Feasibility or	to SMU blocks of 5m E x 5m N x 2.5m RL to
	Feasibility Study to convert the	generate a diluted Mineral Reserve model
	Mineral Resource to an Ore Reserve	for optimisation and evaluation
	(i.e. either by application of	• Mining method is conventional open-pit
	appropriate factors by optimisation	with drill and blast, excavate, load and haul.
	or by preliminary or detailed design).	SMU block reflects expected grade control
	• The choice, nature and	density and mining equipment size
	appropriateness of the selected	• A external geotechnical report was
	mining method(s) and other mining	commissioned based on previous
	parameters including associated	geotechnical logging and information and
	design issues such as pre-strip,	gives recommended pit design details
	access, etc.	• Additional mining dilution of 2% was applied
	• The assumptions made regarding	• Mining recovery of 98% was applied
	geotechnical parameters (eg pit	• Minimum width reflected by SMU block
	slopes, stope sizes, etc), grade control	(5m)
	and pre-production drilling.	• Inferred Resources were tested, but are not
	• The major assumptions made and	used or included in optimisation or final
	Mineral Resource model used for pit	designs
	and stope optimisation (if	• No additional infrastructure required
	appropriate).
	• The mining dilution factors used.
	• The mining recovery factors used.
	• Any minimum mining widths used.
	• The manner in which Inferred Mineral
	Resources are utilised in mining
	studies and the sensitivity of the
	outcome to their inclusion.
	• The infrastructure requirements of
	the selected mining methods.
Metallurgical factors or	• The metallurgical process proposed	• Processing by conventional CIL/CIP gold
assumptions	and the appropriateness of that	milling at Mt Magnet Checkers Mill
	process to the style of mineralisation	• Well-tested existing technology
	• Whether the metallurgical process is	• Current Mossbecker ore recovery achieving
	well-tested technology or novel in	97%, meeting or exceeding previous
	nature.	testwork. 96% applied for evaluations
	• The nature, amount and	• Metallurgy testwork programs have included
	representativeness of metallurgical	gravity concentration, cyanide leach, grind
	test work undertaken, the nature of	establishment, reagent consumption,
	the metallurgical domaining applied	flotation, mineralogy and SAG Mill
	and the corresponding metallurgical	Comminution.
	recovery factors applied.	• No deleterious elements are present
	• Any assumptions or allowances made
	for deleterious elements.

	• The existence of any bulk sample or
	pilot scale test work and the degree
	to which such samples are considered
	representative of the orebody as a
	whole.
	• For minerals that are defined by a
	specification, has the ore reserve
	estimation been based on the
	appropriate mineralogy to meet the
	specifications?
Environmental	• The status of studies of potential	• Environmental studies completed previously
	environmental impacts of the mining	and all approvals in place
	and processing operation. Details of
	waste rock characterisation and the
	consideration of potential sites,
	status of design options considered
	and, where applicable, the status of
	approvals for process residue storage
	and waste dumps should be reported.
Infrastructure	• The existence of appropriate	• All infrastructure in place as part of current
	infrastructure: availability of land for	Kathleen Valley operations
	plant development, power, water,	• The project has low infrastructure
	transportation (particularly for bulk	requirements of a temporary nature
	commodities), labour,
	accommodation; or the ease with
	which the infrastructure can be
	provided, or accessed.
Costs	• The derivation of, or assumptions	• Little or no capital expenditure required.
	made, regarding projected capital	• Operating costs based on current Mt
	costs in the study.	Magnet milling costs and KV ore haulage and
	• The methodology used to estimate operating costs. • Allowances made for the content of	mining rates • No deleterious elements present
	deleterious elements.	• Using prior 6 month average gold price
	• The derivation of assumptions made	• Cost models use Australian dollars
	of metal or commodity price(s), for	• Treatment costs based on known current
	the principal minerals and co-	milling costs. No penalties or specifications
	products. • The source of exchange rates used in	• State royalty of 2.5% used
	the study.
	• Derivation of transportation charges.
	• The basis for forecasting or source of
	treatment and refining charges,
	penalties for failure to meet
	specification, etc.
	• The allowances made for royalties
	payable, both Government and
	private.
Revenue Factors	• The derivation of, or assumptions	• Gold price of $1600/oz used
	made regarding revenue factors
	including head grade, metal or
	commodity price(s) exchange rates,
	transportation and treatment
	charges, penalties, net smelter
	returns, etc.
	• The derivation ofassumptions made

	of metal or commodity price(s), for
	the principal metals, minerals and co-
	products.
Market Assessment	• The demand, supply and stock	• Doré is sold direct to the Perth Mint at spot
	situation for the particular	price
	commodity, consumption trends and factors likely to affect supply and demand into the future.	• Market window unlikely to change • Price is likely to go up, down or remain same
	• A customer and competitor analysis	• Not industrial mineral
	along with the identification of likely
	market windows for the product.
	• Price and volume forecasts and the
	basis for these forecasts.
	• For industrial minerals the customer
	specification, testing and acceptance
	requirements prior to a supply
	contract.
Economic	• The inputs to the economic analysis	• No NPV applied
	to produce the net present value	• Project is relatively short life at <1 year
	(NPV) in the study, the source and
	confidence of these economic inputs
	including estimated inflation,
	discount rate, etc.
	• NPV ranges and sensitivity to
	variations in the significant
	assumptions and inputs.
Social	• The status of agreements with key	• Stakeholders have been consulted
	stakeholders and matters leading to	• Section 18 granted
	social licence to operate.
Other	• To the extent relevant, the impact of	• No material risks are identified
	the following on the project and/or
	on the estimation and classification
	of the Ore Reserves:
	• Any identified material naturally
	occurring risks.
	• The status of material legal
	agreements and marketing
	arrangements.
	• The status of governmental
	agreements and approvals critical to
	the viability of the project, such as
	mineral tenement status, and
	government and statutory approvals.
	There must be reasonable grounds to
	expect that all necessary Government
	approvals will be received within the
	timeframes anticipated in the Pre-
	Feasibility or Feasibility study.
	Highlight and discuss the materiality
	of any unresolved matter that is
	dependent on a third party on which
	extraction of the reserve is
	contingent.
Classification	• The basis for the classification of the	• Reserves are classified according to
	Ore Reserves into varyingconfidence	Resource classification

	categories.	• They reflect the Competent Person’s view
	• Whether the result appropriately	• No Measured Resource exists. All Reserve is
	reflects the Competent Person’s view	Probable category and based on Indicated
	of the deposit.	Resource
	• The proportion of Probable Ore
	Reserves that have been derived from
	Measured Mineral Resources (if any)
Audits or reviews	• The results of any audits or reviews of	• No audits carried out
	Ore Reserve estimates.
Discussion of relative	• Where appropriate a statement of	• Confidence is in line with gold industry
accuracy/confidence	the relative accuracy and confidence	standards and the companies aim to provide
	level in the Ore Reserve estimate	effective prediction for current and future
	using an approach or procedure	mining projects. No statistical quantification
	deemed appropriate by the	of confidence limits has been applied
	Competent Person. For example, the	• Estimates are global
	application of statistical or	• The Reserve is most sensitive to; a) resource
	geostatistical procedures to quantify	grade accuracy, b) gold price
	the relative accuracy of the reserve	• Reserve confidence is reflected by the
	within stated confidence limits, or, if	Probable category applied, which in turn
	such an approach is not deemed	reflects the confidence of the Mineral
	appropriate, a qualitative discussion	Resource
	of the factors which could affect the	• Recent ore production from Mossbecker is
	relative accuracy and confidence of	performing well against resource/reserve
	the estimate.	estimates
	• The statement should specify whether
	it relates to global or local estimates,
	and, if local, state the relevant
	tonnages, which should be relevant
	to technical and economic evaluation.
	Documentation should include
	assumptions made and the
	procedures used.
	• Accuracy and confidence discussions
	should extend to specific discussions
	of any applied Modifying Factors that
	may have a material impact on Ore
	Reserve viability, or for which there
	are remaining areas of uncertainty at
	the current study stage.
	• It is recognised that this may not be
	possible or appropriate in all
	circumstances. These statements of
	relative accuracy and confidence of
	the estimate should be compared
	with production data, where
	available.

AI assistant

RAMELIUS RESOURCES LIMITED Interim / Quarterly Report 2016

65718_rns_2015-12-15_bca377d1-3bee-429e-8636-4d63abd1f1a5.pdf

COMPANY UPDATE

HIGHLIGHTS

ABOUT RAMELIUS

EXPLORATION

Mt Magnet Gold Mine – Milky Way (WA)

� 12m at 3.05 g/t Au from 149m in GXRC1343

� 73m at 0.79 g/t Au from 149m, including 30m at 1.56 g/t Au in GXRC1343

Tanami Joint Venture (NT) - Ramelius 85%

OPERATIONS

Mt Magnet Gold Mine (WA)

ORE RESERVES

Blackmans Gold Project (WA)

Ore Reserve Commentary

Kathleen Valley Ore Reserves

Ore Reserve Commentary

Disclaimer

Competent Persons

Appendix A - JORC Table 1 Report for Milky Way, RC Drilling Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Appendix B – JORC Table 1 Report Blackmans Gold Deposit Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Section 3 Estimation and Reporting of Mineral Resources

Section 4 Estimation and Reporting of Ore Reserves

Appendix C – JORC Table 1 Report Kathleen Valley Gold Deposit Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Section 4 Estimation and Reporting of Ore Reserves

AI assistant

RAMELIUS RESOURCES LIMITED — Interim / Quarterly Report 2016

65718_rns_2015-12-15_bca377d1-3bee-429e-8636-4d63abd1f1a5.pdf

COMPANY UPDATE

HIGHLIGHTS

ABOUT RAMELIUS

EXPLORATION

Mt Magnet Gold Mine – Milky Way (WA)

� 12m at 3.05 g/t Au from 149m in GXRC1343

� 73m at 0.79 g/t Au from 149m, including 30m at 1.56 g/t Au in GXRC1343

Tanami Joint Venture (NT) - Ramelius 85%

OPERATIONS

Mt Magnet Gold Mine (WA)

ORE RESERVES

Blackmans Gold Project (WA)

Ore Reserve Commentary

Kathleen Valley Ore Reserves

Ore Reserve Commentary

Disclaimer

Competent Persons

Appendix A - JORC Table 1 Report for Milky Way, RC Drilling Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Appendix B – JORC Table 1 Report Blackmans Gold Deposit Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Section 3 Estimation and Reporting of Mineral Resources

Section 4 Estimation and Reporting of Ore Reserves

Appendix C – JORC Table 1 Report Kathleen Valley Gold Deposit Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Section 4 Estimation and Reporting of Ore Reserves

More from RAMELIUS RESOURCES LIMITED

RAMELIUS RESOURCES LIMITED Interim / Quarterly Report 2016