Edna May to move underground

Gold producer Ramelius Resources has decided to develop an underground mine at its Edna May gold operation in Western Australia at an upfront capital cost of about A$6 million (US$4.3 million) rather than commit in the order of A$100 million for a large cut back of the open pit

Edna May to move underground Edna May to move underground Edna May to move underground Edna May to move underground Edna May to move underground

The Edna May Stage 2 open pit looking west

The trade-off is a short mine life, with Ramelius saying the decision "is not one that has been taken lightly".

The underground project has an "initial" ore reserve of 398,000t grading 4.

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