Ramelius Resources Limited (ASX: RMS) has executed a Native Title Mining Agreement with Kakarra Part B Native Title Holders. The agreement covers the Rebecca-Roe Gold Project located 150 kilometres east of Kalgoorlie.
The Company announced the milestone on 4 December 2025. The agreement facilitates initial development and ongoing operations at the project site.
Figure 1: Ramelius Resources representatives
Ramelius Mining News Accelerates Development Timeline
The Native Title Mining Agreement represents a crucial step in securing the development pathway for the Rebecca-Roe Gold Project. Ramelius Resources can now accelerate other project priorities with confidence.
Optimisation work streams and necessary statutory approvals will progress at an increased pace. Early works are targeted to commence in early 2026 following the agreement execution.
Figure 2: Aerial view of early-stage development
The Ramelius mining news can deliver economic and social benefits to the Kakarra Part B Native Title Holders. Managing Director Mark Zeptner expressed sincere thanks to traditional owner leaders and the negotiation team.
Productive engagement between Ramelius and the Kakarra Part B Native Title Holders enabled efficient completion. Legal teams from both parties contributed dedicated work to finalise terms.
Understanding Native Title Mining Agreements
Native Title Mining Agreements establish the framework for mining activities on traditional lands. These agreements recognise Indigenous rights whilst enabling resource development to proceed.
The agreements typically include provisions for cultural heritage protection and environmental management. Financial benefits flow to traditional owner groups through various mechanisms over the project life.
Mining companies cannot proceed with development without securing native title agreements. The negotiation process requires respectful engagement with traditional owner representatives and legal counsel.
Ramelius has demonstrated commitment to building positive relationships with Indigenous stakeholders. The Rebecca-Roe agreement follows established industry practice for mutual benefit arrangements.
Ramelius Rebecca-Roe Project Economics Underpin Development Case
The Rebecca-Roe Pre-Feasibility Study was released on 12 December 2024. Results demonstrated strong economic returns supporting progression to the Definitive Feasibility Study.
After-tax net present value reached AUD 332 million at the base case of AUD 3,500 per ounce. At AUD 4,000 per ounce, after-tax NPV increased to AUD 610 million.
Undiscounted cash flow before tax totals AUD 688 million at AUD 3,500 per ounce. This increases to AUD 1.199 billion at an AUD 4,000 per ounce gold price.
The internal rate of return after tax sits at 26% under base case assumptions. Gold production averages 130,000 ounces per annum over the life-of-mine.
The mine plan encompasses 25 million tonnes at 1.4 grams per tonne for 1.1 million ounces. All-in sustaining costs are projected at AUD 2,346 per ounce.
Ramelius Resources Financial Performance Supports Growth Investment
Ramelius Resources generated a record operating cash flow of AUD 770.5 million in the financial year 2025. Underlying free cash flow reached AUD 694.9 million over the year.
The Company closed the period with cash and gold of AUD 809.7 million. Total liquidity stands at AUD 1.0 billion, including the undrawn debt facility of AUD 175 million.
Figure 3: Underground mining operations at a Ramelius site
Record gold production of 301,664 ounces exceeded upgraded guidance ranges. Production came in at the upper end of the 290,000 to 300,000 ounces guidance.
All-in sustaining costs of AUD 1,551 per ounce sat at the bottom of the upgraded range. This represented the fifth consecutive year of achieving both production and cost guidance.
The sector-leading AISC margin reached AUD 2,412 per ounce, representing a 61% margin. Mt Magnet contributed AUD 661.1 million of operating cash flow, whilst Edna May added AUD 109.4 million.
Share Price Performance Reflects Operational Excellence
Ramelius Resources shares traded at AUD 3.590 as of the recent market close. The stockrecorded a 52-week range between AUD 2.060 and AUD 4.180 per share.
Market capitalisation stands at approximately AUD 7.04 billion. The Company paid total fully-franked dividends of 8 cents per share during the financial year 2025.
Figure 4: Six-month share price chart of Ramelius Resources (ASX: RMS)
This included 5 cents per share for the final financial year 2024 dividend. The maiden interim financial year 2025 dividend contributed 3 cents per share.
Cash payments net of the Dividend Reinvestment Program totalled AUD 70.3 million. The strong financial performance supports the Company’s capital allocation framework.
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FAQs
Q1: What is the significance of the Ramelius Resources native title agreement?
The Native Title Mining Agreement with Kakarra Part B Native Title Holders is crucial for the Rebecca-Roe Gold Project development pathway. The agreement allows Ramelius Resources to accelerate optimisation work streams and statutory approvals with early works commencing in early 2026.
Q2: When will the Ramelius Rebecca-Roe Project reach Final Investment Decision?
Ramelius mining news indicates the Definitive Feasibility Study is progressing with a Final Investment Decision targeted for the September 2025 Quarter. The Company received board approval to commence the DFS, with key approval processes advancing.
Q3: What are the economics of the Ramelius Rebecca-Roe Project?
The Ramelius Rebecca-Roe Project Pre-Feasibility Study showed an after-tax NPV of AUD 332 million at an AUD 3,500 per ounce gold price. Undiscounted pre-tax cash flow totals AUD 688 million with average annual production of 130,000 ounces at AISC of AUD 2,346 per ounce.
Q4: How did Ramelius Resources perform in the financial year 2025?
Ramelius Resources delivered record gold production of 301,664 ounces at AISC of AUD 1,551 per ounce in the financial year 2025. Operating cash flow reached AUD 770.5 million with closing cash and gold of AUD 809.7 million.
