Ramelius Resources (RMS)

Shares / Stock Code

RMS

Stock Exchange / Sharemarket

Australian Securities Exchange

Ramelius Resources (RMS) is primarily a gold exploration company operating in Western Australia. Their focus is to target rich projects in the Coolgardie Mineral Field in Western Australia's Eastern Goldfields, a region known for prolific gold and nickel production. Exploration companies aim to discover and delineate occurrences of metals and minerals that can be economically mined and extracted. Ramelius Resources Limited was listed on Australian stockmarket (ASX) on 31 March 2003 as a gold and minerals exploration company.

Ramelius has interests in 62 mineral tenements ranging from 80% to 100% which includes eight granted mining leases and Gold Rights over a further seven granted mining leases. The Company's flagship project is the Spargoville Regional Project, an area of 280 square kilometres and 30 kilometre strike length in one of the most prospective gold and nickel belts in Australia.

RMS's major customers would include the retail, wholesale and international markets. Its competitors consist of other gold mining companies such as Midas Resources (MDS). The mining industry is a global industry, which is highly competitive. Most oil and metals are sold into the global spot markets, whilst gas, coal and iron ore is typically sold under long term contract arrangements with utilities, large industrial users and steel plants.

During fiscal 2009, Ramelius Resources acquired West Wattle Dam tenements PL15/4381 and MLA15/1474. During fiscal 2009, the Company sold Parker Range tenements EL77/1403, PL’s 77/3481, 77/3740,77/3764,77/3765 and MLA77/1085. The Company’s wholly owned subsidiary is Ramelius Milling Services Pty Ltd. In February 2010, it sold its interests in Avoca Resources Limited.

Ramelius Resources (RMS) Products and Services

  • Gold exploration.

Ramelius Resources (RMS) Locations and Subsidiaries

Ramelius Resources Head Office
140 Greenhill Road, UNLEY, SA, AUSTRALIA, 5061
Phone: 08 8373 6473
Fax: 08 8373 5917

Ramelius Resources (RMS) Share Price

Submitted by ASX Listed Company on 22 May, 2010 - 19:45

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