Ramelius Resources Limited
(ASX:RMS) has commenced mining at its Western Queen South project in Western Australia.
The high grade open pit is north-west of the company’s Mt Magnet gold operation, where ore from the pit will be delivered.
Western Queen South has a forecast mine life of 12 months and is expected to produce approximately 23 thousand ounces of gold.
Ramelius says the Western Queen South deposit represents the first of a number of smaller high grade deposits to be mined at Mt Magnet, with the goal of maintaining overall production at 100 thousand ounces annually.
Ramelius Resources posted a $5.7 million loss in the first of fiscal 2013.
