Ramelius Resources Limited announced new estimates of Mineral Resources and Ore Reserves as at 30 June 2022, with Mineral Resources up 15% and total Ore Reserves maintained with increases matching mining depletion. Total Mineral Resources are estimated to be: 130 Mt at 1.5 g/t Au for 6.2 Moz of gold - Total Ore Reserves are estimated to be: 18 Mt at 1.8 g/t Au for 1.1 Moz of gold. Acquisition of the Rebecca project delivered a significant increase to Mineral Resources and work is in progress to generate Ore Reserves for this project.

Overall, Ore Reserves were maintained despite a year's worth of mining depletion. Future conversion of Resource to Reserve will focus on, in order of declining resource size, the following projects: Rebecca (1.2Moz Au) - Edna May (940koz Au) - Hill 50 (360koz Au).