Ramelius Opens New Financial Year with Record Gold Production and Sales

Ramelius Resources has continued on its recordbreaking way in the opening quarter of the new financial year witused crushers for sale in south africah new milestones in production and sales of gold from its Western Australian operations.

Ramelius said gold in ore production for the opening quarter of 2010‐ 2011 increased to a record 25,243 ounces at a low total cash cost of A$395 per ounce.

Gold sales of $39.95 million for the three months to 30 September 2010 were also the highest for any quarter since Ramelius commenced production from its Wattle Dam mine in Western Australia.

The gold in ore production was from 45,750 tonnes at an estimated grade of 20.3 g/t gold while the record sales were at an average price of A$1394 per ounce.

Since the end of the last financial year, Ramelius also announced strong gold intersections returned from the first holes drilled by the Company on its newly‐acquired Mt Magnet project, also in WA.

A capital return of 5 cents per share was paid to Ramelius shareholders in August 2010.

The Company had cash of A$57.8 million and gold on hand of A$9.3 million at the end of the September 2010 quarter. Ramelius remains debt free.