Ramelius Resources has announced it has acquired over 90 per cent of shares in Musgrave Minerals’ and seen a 28 per cent mineral resource increase at its Penny gold mine in WA.
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Ramelius Resources has achieved its best quarterly results for the 2023 financial year (FY23) so far with 68,752 ounces of gold produced within a guidance of 67,500–77,500 ounces.
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Westgold Resources has advised the market that it does not intend to increase its takeover offer for Musgrave Minerals, in the wake of a superior offer from Ramelius Resources.
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Ramelius Resources has provided an exploration update on its Penny mine and other exploration projects within its portfolio of gold assets in Western Australia.
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