Ramelius Resources Ltd (ASX: RMS) has set a daring goal to achieve its Ramelius 500,000-ounce gold production target by fiscal year 2030. The firm developed a growth plan primarily focused on the Mt Magnet region, including Dalgaranga and the opening of the Rebecca-Roe Gold Project. As stated in the ASX release, Ramelius intends to produce approximately 525,000 ounces of gold every year by the end of the fiscal year 30 with an All-In Sustaining Cost (AISC) of A$1,975 per ounce.
The Company’s growth plan, Ramelius Resources, is supported by a fully financed capital program. Its strong cash balance and future operational cash flow will be the sources of this funding. On the last day of the month of September 2025, Ramelius announced having A$827.7 million in cash and gold and no drawn debt. Such a strong balance sheet allows the Company to pursue its expansion plans without being subject to the pressure of external financing.
What Projects Anchor The Production Ramp-Up?
The Mt Magnet facility continues to be the pivotal point for Ramelius’ growth in production. Out of the allocated A$223 million, the capital investment of the Company increases its milling capacity to 5 million tonnes per annum. This enhancement is the primary step towards the Ramelius target of 500000oz gold production.
The Rebecca-Roe Gold Project is also a major contributor to the Ramelius production FY30 forecast. The Definitive Feasibility Study (DFS) anticipates an average yield of 140,000 ounces annually from FY30 to FY36. The project has a first underground reserve of 4.1 million tonnes at 1.80 g/t for 240,000 ounces, with an AISC of A$2,625 per ounce.
Combining Mt Magnet and Rebecca-Roe will provide around 520,000 ounces yearly by FY30. This is a huge increase in Ramelius’ production near current levels.
Are The Financials Supporting The Ambition?
From a financial perspective, Ramelius seems properly situated to afford its daring expansion plans. The firm disclosed an underlying free cash flow of A$129 million for the period of the September 2025 quarter. The management expects total free cash flow of more than A$1 billion per year by FY30, with the gold price set at A$4,500 an ounce, thus making the scenario more favourable.
Moreover, the Company’s Milestones for production include a 170% increase compared to its existing capacity. Discipline regarding capex and cost efficiency further increases belief in a long-term favourable scenario.
Underlying free cash flow and gold production (Sept 25 Qtr)
Ramelius Resources Growth Strategy Focuses On Efficiency
The growth strategy of the firm Ramelius Resources is based on a hub-and-spoke model. This model improves efficiency by processing ore from surrounding satellite deposits at the central facilities. The merging of Dalgaranga with the Mt Magnet hub will improve the usage of resources and lower the operating expenses.
Nevertheless, exploration is still an important part of the growth plan. Ramelius has given priority to exploration at Four Pillars, West Winds, and Applewood. These locations are anticipated to be the future feed sources, thus guaranteeing the sustainability of long-term production.
Ramelius Production FY30 Outlook Looks Promising
According to the FY30 strategy, the annual production of Ramelius is likely to be around 525,000 ounces. The contribution of Mt Magnet will be some 380,000 ounces, while that of Rebecca-Roe will be 140,000 ounces. Further production rise might be attributed to new discoveries in the exploration areas.
The cost management of the corporation continues to play a vital role in the Company’s profitability. Ramelius, with an all-in sustaining cost target of A$1,975 per ounce, intends to keep at the bottom cost quarter of Australian gold mining companies.
5- Year and long-term Group production profile(Koz) & AISC (A$/oz)
What Risks Could Affect The 500000oz Target?
The Ramelius 500000oz gold production target has a very positive outlook, but is subject to various factors. Among them, the successful completion of the Mt Magnet mill expansion, the granting of permits right on schedule for Rebecca-Roe, and the continuation of exploration success are very important.
The production projections are also based, to an extent, on Inferred Mineral Resources, which naturally come with geological uncertainty. Besides that, the Company has to deal with external risks like a dip in gold prices and input cost inflation, which might have a say in the FY30 results.
Nonetheless, the demonstrated operational performance of Ramelius, its strong financial position, and prudent strategy together form a solid ground from which to tackle these hurdles.
Also Read: Ausgold Katanning Gold Project Gains Momentum with Major Ramp-Up Plan
FAQs
Q1. What is Ramelius’ gold production target by FY30?
Ramelius is targeting a gold production of approximately 525,000 ounces yearly by FY30 as part of its Ramelius 500000oz gold production target.
Q2. What is the major area of focus in the growth strategy of Ramelius Resources?
The main points of the strategy are to enhance Mt Magnet, merge Dalgaranga, and bring on-stream the Rebecca-Roe Gold Project.
Q3. What will be the AISC in FY30?
The Company has set a target AISC of around A$1,975 per ounce.
Q4. What is the strength of Ramelius’ financial position?
At the end of September 2025, Ramelius had no debt and was backed up by cash and gold worth A$827.7 million.
