Ramelius Resources Limited revised production guidance for the fiscal year 2022. Due to more persistent rain than forecast, especially recently, on some of the haulage routes to both the Mt Magnet and Edna May operations, ongoing staff shortages due to COVID /influenza and a lower than forecast head grade from Tampia, it is expected that gold production for fiscal year 2022 will fall marginally short of the current guidance range of 260,000 oz to ­ 265,000 oz. This is despite the best efforts of the Ramelius and contractor teams in a challenging operating environment across the Western Australian resources industry.

The production estimate for fiscal year 2022, based on gold outturns received this week and updated road haulage and head grade estimates, has been revised down to 255,000 oz to 260,000 oz.