RMS: 2026 Annual Report
Original announcement by asx on
- Company
- Ramelius Resources Limited
- Ticker
- RMS
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Other, Resource update, Production, Metallurgy
- Extracted
- 2026-10-16 08:15:28 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Ramelius Resources Limited reported a transformational year in FY26, marked by a 17% increase in Mineral Resources to 14Moz and a 79% increase in Ore Reserves to 4.3Moz as of June 30, 2026. Key milestones included the successful integration and commercial production at the Dalgaranga Gold Mine, a positive Definitive Feasibility Study for the Rebecca-Roe Gold Project, and a significant upgrade to the Mt Magnet processing plant. The company also returned A$255.7 million to shareholders through dividends and a share buy-back program, reflecting strong financial performance despite a year-on-year decrease in gold production.
Reasoning: Ramelius Resources Limited reported a transformational year in FY26, highlighted by significant growth in its gold Mineral Resources and Ore Reserves, successful integration of the Dalgaranga Gold Mine, and a robust Definitive Feasibility Study for the Rebecca-Roe Gold Project. The company also demonstrated strong financial performance and returned capital to shareholders, despite a decrease in gold production and an increase in the Restricted Work Injury Frequency Rate.
Positive factors
- Significant increase in Mineral Resources (17% to 14Moz)
- Substantial increase in Ore Reserves (79% to 4.3Moz)
- Maiden Ore Reserve for Never Never underground (1.6Moz)
- Maiden Ore Reserve for Roe underground (260koz)
- Positive DFS for Rebecca-Roe Gold Project (NPV5% of A$692 million, 1.1Moz Ore Reserve)
- Mt Magnet plant upgrade to 5Mtpa capacity
- Strong financial performance (AISC margin, underlying EBITDA)
- Share buy-back program of A$250 million announced
- Successful integration and commercial production at Dalgaranga Gold Mine
- Initial metallurgical recoveries on Never Never ore better than modelled
Negative factors
- Gold production decreased year-on-year (192,182oz vs 301,664oz)
- Underlying NPAT decreased year-on-year
- Total employee turnover rate is high (31%)
- Restricted Work Injury Frequency Rate (RWIFR) increased
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 60
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: Mineral Resources and Ore Reserves are reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition.
Evidence · text
“Ramelius reports its Mineral Resources and Ore Reserves on an annual basis as at 30 June in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The Mineral Resources and Ore Reserves information is based on information compiled by Jake Ball and Paul Hucker, who are Competent Persons and Members of The Australasian Institute of Mining and Metallurgy.
Evidence · text
“The information in this Report that relates to Mineral Resources and Ore Reserves is based on information compiled by Jake Ball (Mineral Resources and Exploration Targets) and Paul Hucker (Ore Reserves), who are Competent Persons and Members of The Australasian Institute of Mining and Metallurgy.”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Mineral Resources increased by 17% and Ore Reserves increased by 79% compared to FY25.
Evidence · text
“MINERAL RESOURCES Up 17% ... ORE RESERVES Up 79%”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Mineral Resources increased by 17% to 14Moz and Ore Reserves increased by 79% to 4.3Moz compared to FY25.
Evidence · text
“MINERAL RESOURCES Up 17% ... ORE RESERVES Up 79%”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: A Maiden Ore Reserve of 1.6Moz was declared for Never Never underground and 260koz for Roe underground.
Evidence · text
“Maiden Ore Reserve of 7.0Mt at 7.3g/t for 1.6Moz (declared post-acquisition by Ramelius on 28 October 2025).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides updated Mineral Resources and Ore Reserves as of 30 June 2026.
Evidence · text
“Resources and Reserves 28 ... Mineral Resources 30 ... Ore Reserves 37”
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: The Rebecca-Roe Gold Project DFS was completed, demonstrating robust financial returns and supporting a Final Investment Decision.
Evidence · text
“Ramelius released its Definitive Feasibility Study (DFS) on the Rebecca-Roe Gold Project on 28 October 2025.”
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: A Pre-Feasibility Study was completed for the Never Never Underground Deposit, demonstrating strong economic returns.
Evidence · text
“On 28 October 2025, Ramelius released its Pre-Feasibility Study (PFS) on the Never Never Underground Deposit (including Pepper).”
High Recoverypositive · Story-specific tag
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The Mt Magnet mill achieved a recovery of 95.3% for the year, and the Rebecca-Roe DFS reported an average metallurgical recovery of 91.5%.
Evidence · text
“Recovery % 95.3%”
Recovery Improvingpositive · Story-specific tag
Recovery improved versus a like-for-like prior test program on the same domain and route.
Why it applies: Initial metallurgical recoveries on the Never Never ore have been better than modelled.
Evidence · text
“Initial metallurgical recoveries on the ore have been better than modelled.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: The cut-off grades for most of the reported Mineral Resources and Ore Reserves are not explicitly stated in the tables.
Evidence · text
“Figures rounded to 2 significant figures. Rounding errors may occur.”
Extracted facts
Stored fact records: 38. Some facts used in scoring do not have a stored record.
Resource Estimates (31)
measuredGroup Total · goldTonnes: 15000000Grade: 1.4Grade Unit: g/tContained Metal: 670Contained Unit: kozView all detailsHide details
Identity
- Project
- Group Total
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:726e31f725f3c322439e
Resource Data
- Category
- measured
- Tonnes
- 15000000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 670
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 12000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The company reported a significant Measured Mineral Resource of 15 Mt at 1.4 g/t Au for 670 koz, contributing to the overall 17% increase in Mineral Resources, and is JORC compliant with QP sign-off.
Positive factors
- Measured Resource
- Category Upgrade
- Tonnage Growth
- Contained Metal Growth
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.4”
Context: 15,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 670 against 12000 previously
indicatedGroup Total · goldTonnes: 160000000Grade: 1.8Grade Unit: g/tContained Metal: 9100Contained Unit: kozView all detailsHide details
Identity
- Project
- Group Total
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:9754124bd86adb11be40
Resource Data
- Category
- indicated
- Tonnes
- 160000000
- Grade
- 1.8
- Grade Unit
- g/t
- Contained Metal
- 9100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 12000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The company reported a substantial Indicated Mineral Resource of 160 Mt at 1.8 g/t Au for 9,100 koz, contributing to the overall 17% increase in Mineral Resources, and is JORC compliant with QP sign-off.
Positive factors
- Indicated Resource
- Category Upgrade
- Tonnage Growth
- Contained Metal Growth
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.8”
Context: 160,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 9100 against 12000 previously
inferredGroup Total · goldTonnes: 85000000Grade: 1.4Grade Unit: g/tContained Metal: 3900Contained Unit: kozView all detailsHide details
Identity
- Project
- Group Total
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:61c188da652b0d2f6179
Resource Data
- Category
- inferred
- Tonnes
- 85000000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 3900
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 12000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The company reported an Inferred Mineral Resource of 85 Mt at 1.4 g/t Au for 3,900 koz, contributing to the overall 17% increase in Mineral Resources, and is JORC compliant with QP sign-off.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.4”
Context: 85,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 3900 against 12000 previously
measuredMt Magnet · goldTonnes: 13000000Grade: 1.2Grade Unit: g/tContained Metal: 470Contained Unit: kozView all detailsHide details
Identity
- Project
- Mt Magnet
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:4e504b92bd14a433da4f
Resource Data
- Category
- measured
- Tonnes
- 13000000
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 470
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Mt Magnet project reported a Measured Mineral Resource of 13 Mt at 1.2 g/t Au for 470 koz, contributing to the overall resource base.
Positive factors
- Measured Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.2”
Context: 13,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Magnet · goldTonnes: 57000000Grade: 1.6Grade Unit: g/tContained Metal: 3000Contained Unit: kozView all detailsHide details
Identity
- Project
- Mt Magnet
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:a6762c934203f2998bb1
Resource Data
- Category
- indicated
- Tonnes
- 57000000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 3000
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Mt Magnet project reported an Indicated Mineral Resource of 57 Mt at 1.6 g/t Au for 3,000 koz, contributing to the overall resource base.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.6”
Context: 57,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Magnet · goldTonnes: 29000000Grade: 1.5Grade Unit: g/tContained Metal: 1400Contained Unit: kozView all detailsHide details
Identity
- Project
- Mt Magnet
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:3088e1bb5b3777af8b6c
Resource Data
- Category
- inferred
- Tonnes
- 29000000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 1400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Mt Magnet project reported an Inferred Mineral Resource of 29 Mt at 1.5 g/t Au for 1,400 koz, contributing to the overall resource base.
Positive factors
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.5”
Context: 29,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredCue · goldTonnes: 470000Grade: 2.9Grade Unit: g/tContained Metal: 44Contained Unit: kozView all detailsHide details
Identity
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:37473dab040471fbf5aa
Resource Data
- Category
- measured
- Tonnes
- 470000
- Grade
- 2.9
- Grade Unit
- g/t
- Contained Metal
- 44
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Cue project reported a Measured Mineral Resource of 0.47 Mt at 2.9 g/t Au for 44 koz, contributing to the overall resource base.
Positive factors
- Measured Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“2.9”
Context: 470
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCue · goldTonnes: 6900000Grade: 2.2Grade Unit: g/tContained Metal: 500Contained Unit: kozView all detailsHide details
Identity
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:67a071cfe7da99ce5710
Resource Data
- Category
- indicated
- Tonnes
- 6900000
- Grade
- 2.2
- Grade Unit
- g/t
- Contained Metal
- 500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Cue project reported an Indicated Mineral Resource of 6.9 Mt at 2.2 g/t Au for 500 koz, contributing to the overall resource base.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“2.2”
Context: 6,900
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCue · goldTonnes: 22000000Grade: 1.2Grade Unit: g/tContained Metal: 860Contained Unit: kozView all detailsHide details
Identity
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:5f8a505df5020450016d
Resource Data
- Category
- inferred
- Tonnes
- 22000000
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 860
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Cue project reported an Inferred Mineral Resource of 22 Mt at 1.2 g/t Au for 860 koz, contributing to the overall resource base.
Positive factors
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.2”
Context: 22,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredDalgaranga · goldTonnes: 770000Grade: 5Grade Unit: g/tContained Metal: 120Contained Unit: kozView all detailsHide details
Identity
- Project
- Dalgaranga
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:b5e93a036c9882a7d82b
Resource Data
- Category
- measured
- Tonnes
- 770000
- Grade
- 5
- Grade Unit
- g/t
- Contained Metal
- 120
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Dalgaranga project reported a Measured Mineral Resource of 0.77 Mt at 5.0 g/t Au for 120 koz, contributing to the overall resource base.
Positive factors
- Measured Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“5.0”
Context: 770
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedDalgaranga · goldTonnes: 16000000Grade: 4.6Grade Unit: g/tContained Metal: 2400Contained Unit: kozView all detailsHide details
Identity
- Project
- Dalgaranga
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:1afbdbce0c2f21eb3627
Resource Data
- Category
- indicated
- Tonnes
- 16000000
- Grade
- 4.6
- Grade Unit
- g/t
- Contained Metal
- 2400
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Dalgaranga project reported an Indicated Mineral Resource of 16 Mt at 4.6 g/t Au for 2,400 koz, contributing to the overall resource base.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“4.6”
Context: 16,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredDalgaranga · goldTonnes: 6600000Grade: 2.4Grade Unit: g/tContained Metal: 500Contained Unit: kozView all detailsHide details
Identity
- Project
- Dalgaranga
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:bbd0d93c16aedc7c4ef0
Resource Data
- Category
- inferred
- Tonnes
- 6600000
- Grade
- 2.4
- Grade Unit
- g/t
- Contained Metal
- 500
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Dalgaranga project reported an Inferred Mineral Resource of 6.6 Mt at 2.4 g/t Au for 500 koz, contributing to the overall resource base.
Positive factors
- JORC Compliant
- QP/CP Signed
Evidence · table
“2.4”
Context: 6,600
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedYalgoo · goldTonnes: 3400000Grade: 1.5Grade Unit: g/tContained Metal: 160Contained Unit: kozView all detailsHide details
Identity
- Project
- Yalgoo
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:5df9d3c7ae68e83f90d2
Resource Data
- Category
- indicated
- Tonnes
- 3400000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 160
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Yalgoo project reported an Indicated Mineral Resource of 3.4 Mt at 1.5 g/t Au for 160 koz, contributing to the overall resource base.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.5”
Context: 3,400
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredYalgoo · goldTonnes: 1900000Grade: 1.4Grade Unit: g/tContained Metal: 83Contained Unit: kozView all detailsHide details
Identity
- Project
- Yalgoo
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:036c6a52991d1de9d0ca
Resource Data
- Category
- inferred
- Tonnes
- 1900000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 83
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Yalgoo project reported an Inferred Mineral Resource of 1.9 Mt at 1.4 g/t Au for 83 koz, contributing to the overall resource base.
Positive factors
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.4”
Context: 1,900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredPenny · goldTonnes: 9200Grade: 17Grade Unit: g/tContained Metal: 5Contained Unit: kozView all detailsHide details
Identity
- Project
- Penny
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:b68a55dd15e6ea31bc7f
Resource Data
- Category
- measured
- Tonnes
- 9200
- Grade
- 17
- Grade Unit
- g/t
- Contained Metal
- 5
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Penny project reported a Measured Mineral Resource of 9.2 kt at 17 g/t Au for 5 koz, contributing to the overall resource base.
Positive factors
- Measured Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“17”
Context: 9.2
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedPenny · goldTonnes: 98000Grade: 10.4Grade Unit: g/tContained Metal: 33Contained Unit: kozView all detailsHide details
Identity
- Project
- Penny
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:6759f0fb07c5b0fdfa8e
Resource Data
- Category
- indicated
- Tonnes
- 98000
- Grade
- 10.4
- Grade Unit
- g/t
- Contained Metal
- 33
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Penny project reported an Indicated Mineral Resource of 98 kt at 10.4 g/t Au for 33 koz, contributing to the overall resource base.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“10.4”
Context: 98
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedRebecca · goldTonnes: 27000000Grade: 1.3Grade Unit: g/tContained Metal: 1100Contained Unit: kozView all detailsHide details
Identity
- Project
- Rebecca
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:2b56e07e550385ca6671
Resource Data
- Category
- indicated
- Tonnes
- 27000000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 1100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Rebecca project reported an Indicated Mineral Resource of 27 Mt at 1.3 g/t Au for 1,100 koz, contributing to the overall resource base.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.3”
Context: 27,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredRebecca · goldTonnes: 6500000Grade: 1.2Grade Unit: g/tContained Metal: 240Contained Unit: kozView all detailsHide details
Identity
- Project
- Rebecca
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:da996f4be20a193568af
Resource Data
- Category
- inferred
- Tonnes
- 6500000
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 240
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Rebecca project reported an Inferred Mineral Resource of 6.5 Mt at 1.2 g/t Au for 240 koz, contributing to the overall resource base.
Positive factors
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.2”
Context: 6,500
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedRoe · goldTonnes: 23000000Grade: 1.6Grade Unit: g/tContained Metal: 1200Contained Unit: kozView all detailsHide details
Identity
- Project
- Roe
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:124e4e344cc59bb56416
Resource Data
- Category
- indicated
- Tonnes
- 23000000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 1200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Roe project reported an Indicated Mineral Resource of 23 Mt at 1.6 g/t Au for 1,200 koz, contributing to the overall resource base.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.6”
Context: 23,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredRoe · goldTonnes: 11000000Grade: 1.6Grade Unit: g/tContained Metal: 560Contained Unit: kozView all detailsHide details
Identity
- Project
- Roe
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:b7ad820b685f13d074d1
Resource Data
- Category
- inferred
- Tonnes
- 11000000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 560
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Roe project reported an Inferred Mineral Resource of 11 Mt at 1.6 g/t Au for 560 koz, contributing to the overall resource base.
Positive factors
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.6”
Context: 11,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredEdna May · goldTonnes: 720000Grade: 1.1Grade Unit: g/tContained Metal: 25Contained Unit: kozView all detailsHide details
Identity
- Project
- Edna May
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:46f6ecfe5087af0d3b53
Resource Data
- Category
- measured
- Tonnes
- 720000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 25
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Edna May project reported a Measured Mineral Resource of 0.72 Mt at 1.1 g/t Au for 25 koz, contributing to the overall resource base.
Positive factors
- Measured Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.1”
Context: 720
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedEdna May · goldTonnes: 23000000Grade: 1Grade Unit: g/tContained Metal: 700Contained Unit: kozView all detailsHide details
Identity
- Project
- Edna May
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:50e2b35a4cfeb913bb98
Resource Data
- Category
- indicated
- Tonnes
- 23000000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 700
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Edna May project reported an Indicated Mineral Resource of 23 Mt at 1.0 g/t Au for 700 koz, contributing to the overall resource base.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.0”
Context: 23,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredEdna May · goldTonnes: 7000000Grade: 1Grade Unit: g/tContained Metal: 220Contained Unit: kozView all detailsHide details
Identity
- Project
- Edna May
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:f3874ed726fcbb07ebb9
Resource Data
- Category
- inferred
- Tonnes
- 7000000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 220
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Edna May project reported an Inferred Mineral Resource of 7 Mt at 1.0 g/t Au for 220 koz, contributing to the overall resource base.
Positive factors
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.0”
Context: 7,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
provenGroup Total · goldTonnes: 9400000Grade: 0.6Grade Unit: g/tContained Metal: 190Contained Unit: kozView all detailsHide details
Identity
- Project
- Group Total
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:4b68b94fe1bb95d0d9b5
Resource Data
- Category
- proven
- Tonnes
- 9400000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 190
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 2400
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The company reported a Proven Ore Reserve of 9.4 Mt at 0.6 g/t Au for 190 koz, contributing to the overall 79% increase in Ore Reserves, and is JORC compliant with QP sign-off.
Positive factors
- Proven Reserve
- Tonnage Growth
- Contained Metal Growth
- JORC Compliant
- QP/CP Signed
Evidence · table
“0.6”
Context: 9,400
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 190 against 2400 previously
probableGroup Total · goldTonnes: 61000000Grade: 2.1Grade Unit: g/tContained Metal: 4100Contained Unit: kozView all detailsHide details
Identity
- Project
- Group Total
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:537408fc28bffac4dd71
Resource Data
- Category
- probable
- Tonnes
- 61000000
- Grade
- 2.1
- Grade Unit
- g/t
- Contained Metal
- 4100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 2400
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The company reported a Probable Ore Reserve of 61 Mt at 2.1 g/t Au for 4,100 koz, contributing to the overall 79% increase in Ore Reserves, and is JORC compliant with QP sign-off.
Positive factors
- Probable Reserve
- Tonnage Growth
- Contained Metal Growth
- JORC Compliant
- QP/CP Signed
Evidence · table
“2.1”
Context: 61,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 4100 against 2400 previously
provenMt Magnet · goldTonnes: 9400000Grade: 0.6Grade Unit: g/tContained Metal: 190Contained Unit: kozView all detailsHide details
Identity
- Project
- Mt Magnet
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:6714664517f37a6ec93e
Resource Data
- Category
- proven
- Tonnes
- 9400000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 190
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Mt Magnet project reported a Proven Ore Reserve of 9.4 Mt at 0.6 g/t Au for 190 koz, contributing to the overall reserve base.
Positive factors
- Proven Reserve
- JORC Compliant
- QP/CP Signed
Evidence · table
“0.6”
Context: 9,400
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
probableMt Magnet · goldTonnes: 25000000Grade: 1.4Grade Unit: g/tContained Metal: 1100Contained Unit: kozView all detailsHide details
Identity
- Project
- Mt Magnet
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:314aca75326313c4a0a9
Resource Data
- Category
- probable
- Tonnes
- 25000000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 1100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Mt Magnet project reported a Probable Ore Reserve of 25 Mt at 1.4 g/t Au for 1,100 koz, contributing to the overall reserve base.
Positive factors
- Probable Reserve
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.4”
Context: 25,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
probableCue · goldTonnes: 3400000Grade: 1.8Grade Unit: g/tContained Metal: 200Contained Unit: kozView all detailsHide details
Identity
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:4dbadd76a10c4296daf6
Resource Data
- Category
- probable
- Tonnes
- 3400000
- Grade
- 1.8
- Grade Unit
- g/t
- Contained Metal
- 200
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Cue project reported a Probable Ore Reserve of 3.4 Mt at 1.8 g/t Au for 200 koz, contributing to the overall reserve base.
Positive factors
- Probable Reserve
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.8”
Context: 3,400
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
probablePenny · goldTonnes: 100000Grade: 5.9Grade Unit: g/tContained Metal: 20Contained Unit: kozView all detailsHide details
Identity
- Project
- Penny
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:b60aefc86e6cd49ef442
Resource Data
- Category
- probable
- Tonnes
- 100000
- Grade
- 5.9
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Penny project reported a Probable Ore Reserve of 0.1 Mt at 5.9 g/t Au for 20 koz, contributing to the overall reserve base.
Positive factors
- Probable Reserve
- JORC Compliant
- QP/CP Signed
Evidence · table
“5.9”
Context: 100
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
probableDalgaranga · goldTonnes: 7000000Grade: 7.2Grade Unit: g/tContained Metal: 1600Contained Unit: kozView all detailsHide details
Identity
- Project
- Dalgaranga
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:093f88594a10c72ec453
Resource Data
- Category
- probable
- Tonnes
- 7000000
- Grade
- 7.2
- Grade Unit
- g/t
- Contained Metal
- 1600
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Dalgaranga project reported a significant Maiden Probable Ore Reserve of 7 Mt at 7.2 g/t Au for 1,600 koz, which is a major positive for the company.
Positive factors
- Probable Reserve
- Maiden Resource
- JORC Compliant
- QP/CP Signed
Evidence · table
“7.2”
Context: 7,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
probableRebecca-Roe · goldTonnes: 25000000Grade: 1.4Grade Unit: g/tContained Metal: 1100Contained Unit: kozView all detailsHide details
Identity
- Project
- Rebecca-Roe
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Jake Ball, Paul Hucker
- Resource group id
- resource:1c0206267fc5f56afdb4
Resource Data
- Category
- probable
- Tonnes
- 25000000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 1100
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Rebecca-Roe Gold Project reported a significant Probable Ore Reserve of 25 Mt at 1.4 g/t Au for 1,100 koz, supporting the positive DFS results.
Positive factors
- Probable Reserve
- Maiden Resource
- DFS-Supporting
- JORC Compliant
- QP/CP Signed
Evidence · table
“1.4”
Context: 25,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Metallurgical Results (7)
Fact 1Rebecca-Roe Gold Project · goldRecovery: 91.5 %View all detailsHide details
Identity
- Project
- Rebecca-Roe Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Recovery
- Recovery
- 91.5 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Rebecca-Roe DFS demonstrates robust financial returns with a high NPV, strong IRR, and a 9-year mine life averaging 130koz pa, supporting a Final Investment Decision.
Positive factors
- DFS-Supporting
- High NPV
- Strong IRR
- Long Mine Life
- High Recovery
Evidence · text
“The Rebecca-Roe DFS was announced on 28 October 2025. The key highlights from the DFS include: • Undiscounted cash flow, after tax, of $1,037 million (at a base case of A$4,500/oz) • After-tax net present value (NPV5%) of $692 million (at A$4,500/oz) • Internal rate of return (IRR) after tax of 34 percent (at A$4,500/oz) • Gold production averages 130koz pa over the Life-of-Mine at an AISC of A$2,625/oz • Mine Plan2 – A gold price of A$3,250/oz has been used for generation of open pit and underground cut-off grades – Open Pit - 21Mt at 1.3g/t for 0.88M ounces – Underground - 5Mt at 1.8g/t for 0.31M ounces – Total - 26Mt at 1.4g/t for 1.2M ounces – Mining commencement December 2027 quarter, with first gold production forecasted to commence in the December 2028 quarter, with an initial mine life of nine (9) years – Capital cost of $188 million for a 3.25Mtpa processing plant located adjacent to Rebecca – Average metallurgical recovery of 91.5 percent”
Fact 2Mt Magnet · goldRecovery: 92.4 %View all detailsHide details
Identity
- Project
- Mt Magnet
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Test Work
- Grind P80
- 53 µm
Recovery
- Recovery
- 92.4 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: Circuit one of the Mt Magnet plant upgrade will process 1.3 Mtpa at a finer grind size of 53μm to achieve optimal recoveries of 92.4% from Dalgaranga ore.
Positive factors
- Plant Upgrade
- Improved Recovery
- Optimized Grind Size
Evidence · text
“Circuit one will comprise repurposing and refurbishing the existing Mt Magnet 1.9Mtpa plant down to 1.3Mtpa and reduce the current grind size from 175 micrometres (μm) to 53μm which will allow optimal recoveries from the Dalgaranga ore. Circuit two will comprise a new 3Mtpa circuit at a grind size of 175μm to process Mt Magnet ore sources. This will include relocation and repurposing existing equipment from the Dalgaranga plant. The selected engineering solution and operational plan is estimated to deliver over $1 billion in synergies over the first 10 years of mine life.”
Fact 3Mt Magnet · goldRecovery: 95.3 %View all detailsHide details
Identity
- Project
- Mt Magnet
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Recovery
- Recovery
- 95.3 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Mt Magnet mill achieved a high recovery of 95.3% for the year, demonstrating efficient processing.
Positive factors
- High Recovery
Evidence · table
“95.3%”
Context: Recovery %
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 95.3% is at or above the exceptional band (95%)
Fact 4Never Never Underground Mine (Dalgaranga) · goldRecovery: 81 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Never Never Underground Mine (Dalgaranga)
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Recovery
- Recovery
- 81 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-01T00:00:00.000Z
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A recovery of 81% was assumed for Never Never ore in the Five-Year Plan released in October 2025, prior to the Mt Magnet mill upgrades.
Evidence · text
“a recovery of 81 percent was assumed in the Five-Year Plan released in October 2025 prior to the Mt Magnet processing plant upgrade”
Fact 5Rebecca-Roe Gold Project · goldRecovery: 91.5 %View all detailsHide details
Identity
- Project
- Rebecca-Roe Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Recovery
- Recovery
- 91.5 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: The Rebecca-Roe DFS reported an average metallurgical recovery of 91.5%, which is a strong recovery for the project.
Positive factors
- High Recovery
- DFS-Supporting
Evidence · text
“Average metallurgical recovery of 91.5 percent”
Fact 6Group Total · goldRecovery: 95.3 %View all detailsHide details
Identity
- Project
- Group Total
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Recovery
- Recovery
- 95.3 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: Recovery remained high at 95.3% in FY26, despite a slight decrease from the prior year.
Positive factors
- High Recovery
Evidence · table
“95.3%”
Context: Recovery %
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 95.3% is at or above the exceptional band (95%)
Fact 7Group Total · goldRecovery: 97.1 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Group Total
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- RMS
Recovery
- Recovery
- 97.1 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: Prior year recovery for FY25 was 97.1%.
Positive factors
- High Recovery
Evidence · table
“97.1%”
Context: Recovery %
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 97.1% is at or above the exceptional band (95%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.