Tag Archives: Ramelius Resources

RUC Cementation bolsters Edna May fleet with Sandvik Toro LHD

RUC Cementation Mining Contractors has acquired a new Sandvik Toro™ LH517i loader for its underground mining operations, looking to deploy it at Ramelius Resources’ Edna May gold operation in Western Australia.

The Toro LH517i loader represents the latest in LHD technology to improve performance and reliability as well as enhanced machine data and performance analytics, RUC Cementation said.

Barry Upton, RUC Cementation Managing Director, said the company was pleased to take delivery of the new machine, which is planned to significantly enhance LHD performance across the fleet at Edna May, and it was looking forward to tapping into the benefits the intelligent series of loaders was able to offer.

The Toro LH517i loader is a matching pair with the Sandvik TH551i truck, considering the designed payload capacities.

It features the latest Sandvik Intelligent Control System and My Sandvik Digital Services Knowledge Box™ on-board hardware as standard. The unit is also fully ready for automation, requiring just a few days for AutoMine® retrofit implementation, according to Sandvik.

The Edna May operation produced 26,632 oz of gold in the June quarter.

Ramelius kicks off ore mining at Tampia gold project

Ramelius Resources says it has commenced ore mining at its Tampia gold mine in Western Australia, hitting the milestone on time.

First ore was mined initially from the North Pit with the associated waste used to complete the required site earthworks. Mining will shortly move to the higher-grade Mace and South Pit areas in line with the planned mining schedule, the company said.

The project has commenced on schedule and is on track to despatch the first road train of high-grade ore to the Edna May processing facility in early July.

Tampia, which Ramelius consolidated 100% ownership of earlier this year, was the subject of a feasibility study in April 2020. This study focused on the option to haul ore to Ramelius’ Edna May processing facility for production of 186,000 oz of gold from the processing of 2.5 Mt of ore.

Ramelius Managing Director, Mark Zeptner, said: “We are pleased to have commenced the mining of high-grade ore from our Tampia gold mine on schedule with our published mine plan. This is the culmination of the efforts of many employees, contractors, members of the local community and the Shires of Narembeen, Merredin & Westonia.

“Gold from Tampia will represent a significant proportion of our financial year 2022 production target and will be our first new mine in the Western Australian wheatbelt where we believe we will deliver significant returns for all stakeholders.”

MACA, in February, was awarded an open-pit mining contract from Ramelius for load and haul, and drill and blast services at Tampia.

DDH1 drilling contractor debuts on ASX after stellar IPO

DDH1 Ltd has officially commenced trading on the Australian Securities Exchange following an initial public offering last week that saw the drilling contractor secure gross proceeds of A$150 million ($115 million) through the issue of around 40% of its shares.

The IPO proceeds were used to allow existing shareholders to realise part of their investment in the company and to repay company borrowings, the company said. The IPO was one of the largest by a Western Australia-based business in the past decade, according to DDH1.

“The ASX listing marks a significant milestone in the evolution of DDH1, which was established in Perth in 2006 with the vision to create Australia’s premier mineral drilling contractor,” the company said. “Over time, DDH1 has earned the custom of Australia’s premier mining companies through its repeated and meticulous service offering of gathering the critical geological data that supports the decision making in respect of all mining activity through the complete cycle of a mine’s life.”

DDH1 has a portfolio of approximately 102 clients, with a financial year 2020 pro-forma revenue of A$249.8 million. Its earnings are diversified across multiple commodities and geographies, with a client base that includes Newcrest Mining, BHP, Evolution Mining, Gold Fields, Independence Group, Kalgoorlie Consolidated Gold Mines, Newmont Corp, Ramelius Resources, Rio Tinto, Roy Hill Iron Ore and St Barbara.

It offers both surface and underground drilling services, with diamond coring and reverse circulation rigs on offer.

Sy Van Dyk, DDH1’s Managing Director and CEO, said: “The growth and success of DDH1 to date is testament to the commitment of the whole team, which strives to ensure the safety of all stakeholders while delivering exceptional service to our clients.

“Our long-term client relationships are built on the provision of quality drilling services and a deep understanding of our client’s business needs. The company’s significant market position reinforces the strong levels of industry recognition.”

He concluded: “There is growing demand in the Australian mineral drilling sector for DDH1’s services because of increased exploration, development and production spending by minerals exploration and mining companies. As an ASX-listed company with a strong balance sheet, a committed shareholder base, a disciplined approach to growth and access to capital markets, DDH1 is well positioned to pursue its growth strategy.”