RareX Secures Further SupportMarch 3, 2020

RareX Cummins Range

Well done to Jeremy and the team at RareX who today announced that Talaxis will become a strategic partner and shareholder to assist drive further development of their Cummins Range Project.

Auralia has been privileged to recently provide our consulting services and assistance to RareX – if you’d like to engage Auralia, please contact us via the links on this website.

Head here for more information on RareX’s latest release: Talaxis comes on board for RareX

 

Lynas Secures Operating LicenceFebruary 27, 2020

Lynas Plant

Congratulations to Lynas Corp who announced a 3 year renewal of their Malaysian operating licence today, providing operational stability for another 3 years. The share price rose 5% as a result.

Auralia has been privileged to provide our expert mine consulting services and assistance to Lynas since 2015 – if you’d like to engage Auralia, please contact us via this website.

Ramelius Profits IncreaseFebruary 25, 2020

RMS Profits Surge

Congratulations to the staff at Ramelius Resources, who’s hard work and smart planning has provided them with a 329% reported increase in profits!

Auralia has been privileged to provide our expert mine consulting services and assistance to Ramelius since 2017 – if you’d like to engage Auralia, please contact us via the links on our website.

[Photo Credit: Kalgoorlie Miner]

Ramelius Eyes Penny WestFebruary 10, 2020

Takeover

Ramelius Resources has made a takeover offer for Spectrum Metals, valuing the offer at $208M (or around A$230M inclusive of options).

Under the cash and scrip deal, Ramelius is offering one of its shares for every 10 SPX shares and 1.7c per SPX share, which equates to about 15c per SPX share (or roughly $208m) — a 52 per cent premium to Spectrum’s last closing price of 9.9c on Friday.

Spectrum’s directors unanimously recommended the offer and indicated that they would accept the offer for all their shares.

The takeover adds the high-grade Penny West gold project in Western Australia to Ramelius’ portfolio, which the company says is in line with its goal of acquiring high-quality assets within a radius of existing production hubs without incurring significant on-site capital expenditure.

Penny West currently has a resource of 799,000 tonnes at 13.8 grams per tonne (g/t) gold, or 355,500 ounces of contained gold, and has further exploration potential at depth and along strike.

Ramelius plans to carry out a comprehensive review to determine the optimal pathway to first cash flow from the project upon completion of the offer.

The company produced 196,679 ounces of gold in the 2019 financial year at an all-in sustaining cost of $1,192 per ounce and recorded a net profit after tax of $21.8m

Auralia has been privileged to provide our expert mine consulting services and assistance to Ramelius since 2017 – if you’d like to engage Auralia, please contact us via this website.

[Credit: Stockhead, Picture: Ramelius Resources]

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