Ramelius Resources Limited (ASX: RMS) is pleased to announce that it has entered a strategic alliance agreement with Zhaojin Mining Industry Company Limited, a leading gold producer incorporated in the People's Republic of China and listed on the main board of the Stock Exchange of Hong Kong Limited (code HK: 1818) ("Zhaojin")
28 April 2017
ISSUED CAPITALOrdinary Shares: 525M
DIRECTORSNON-EXECUTIVE CHAIRMAN:
Robert Kennedy
NON-EXECUTIVE DIRECTORS:
Kevin Lines Michael Bohm
MANAGING DIRECTOR:
Mark Zeptner
www.rameliusresources.com.au info@rameliusresources.com.au
RAMELIUS RESOURCES LIMITED
Registered Office
Suite 4, 148 Greenhill Road Parkside, Adelaide
South Australia 5063
Tel +61 8 8271 1999
Fax +61 8 8271 1988
Operations Office
Level 1, 130 Royal Street East Perth WA 6004
Tel +61 8 9202 1127
THE ALLIANCE STRUCTURERamelius and Zhaojin have agreed to establish a non-exclusive collaborative alliance to generate and assess mutually beneficial project opportunities and explore various synergies between the parties regarding management, operational and technical expertise. The scope of the alliance will extend to exploring on-going commercial arrangements and leveraging existing contacts for the benefit of both parties. A management committee comprising representatives from both Ramelius and Zhaojin will be responsible for the implementation and management of the alliance.
THE VALUE PROPOSITIONThe alliance structure aims to capture the strategic advantages of combining each parties' capabilities to create a sector-leading engagement from which considerable value can be derived. Through the utilisation of both parties' management and technical expertise, Ramelius and Zhaojin intend to deliver acquisition-based outcomes that build on each companies' strengths.
Ramelius Managing Director, Mark Zeptner said "We are excited to enter into a strategic alliance with Zhaojin who are a globally significant gold company with a strong track record of managing large-scale mining operations."
"We look forward to working with the Zhaojin team to assess immediate opportunities which are mutually beneficial to both companies."
ABOUT ZHAOJIN MININGZhaojin is based in Zhaoyuan city on the Jiaodong peninsula of Shandong Province, a region which has abundant mineral resources and a long history of gold exploration and production. Zhaojin is an integrated large-scale enterprise with exploration, mining, processing and smelting operations, focusing on the gold production business.
Zhaojin is a globally significant gold company, producing in excess of 600,000 ounces per year. As at 31 December 2016, Zhaojin had a JORC-compliant gold ore resource position of approximately 40 million ounces, and recoverable gold reserves of approximately 18 million ounces.
For further information contact:
Mark Zeptner Duncan GordonManaging Director Executive Director
Ramelius Resources Limited Adelaide Equity Partners Limited
Ph: +61 8 9202 1127 Ph: +61 8 8232 8800
Ramelius Resources Limited published this content on 27 April 2017 and is solely responsible for the information contained herein.
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