Ramelius Resources Limited provided an update on ongoing mining studies at both the Mt Magnet and Edna May production centres, within its portfolio of projects in Western Australia. At Mt Magnet, diamond drilling is ongoing at Eridanus and RC drilling has been completed at the Orion/Franks Tower area. The Company continues diamond drilling below its Eridanus mine at Mt Magnet. The drilling is designed to scope the potential for developing a large bulk tonnage underground mine by initially converting the deeper Inferred mineralisation (5.4Mt at 1.1 g/t Au for 200,000oz), within the current 500,000oz Mineral Resource, into an Indicated Mineral Resource category. Drilling of shallow angle diamond holes was progressing slower than planned and therefore a second, larger diamond rig was mobilised to site in early January 2021. This rig will replace the initial drill rig and mainly drill steeper holes moving forward. Five holes from a 12 hole, 9,000m programme, have been completed to date with results now available from the first four holes. Initial holes have been drilled to the west, within strike of the mineralised granodiorite. They are targeting and testing continuity of larger quartz veins mapped within the current open pit. Additional deep holes will test overall stratigraphy from south to north. The Stage 2 Eridanus open pit is scheduled to be mined (as the primary ore source for Mt Magnet) through to 2023, to a design depth of 230m below surface. Bulked stockwork intersections returned from the diamond drilling to date include: 174m at 1.92 g/t Au from 309m in RDD0001; 245m at 3.00 g/t Au from 259m in RDD0002#; 164m at 1.33 g/t Au from 315m in RDD0003; 185.6m at 1.42 g/t Au from 236m in RDD0004. Outstanding high-grade intervals within the bulked intercepts above, include: 60m at 3.46 g/t Au from 330m in RDD0001; 22m at 3.79 g/t Au from 378m in RDD0002#; 30m at 1.66 g/t Au from 409m in RDD0003; 15.8m at 5.00 g/t Au from 258.2m in RDD0004. Overall, the gold mineralisation at Eridanus is associated with an east-west trending, subvertical dipping granodiorite, intruded into a series of felsic porphyry stocks, in turn intruded into the basal ultramafic package of the Mt Magnet gold camp. Silica-sericite-carbonate (ankerite) alteration is prevalent throughout the granodiorite and sulphide (pyrite) reports up to 1% within the mineralised zones. Given the overall stockwork nature of the gold mineralisation true widths are variable, but the average true width of the mineralised granodiorite is 60m and has a strike length of around 300m. Gold mineralisation at Orion and Franks Tower is very similar to Eridanus. Mineralisation in fresh rock relates to quartz- tourmaline veins and vein stockworks within north-east trending granodiorite units. Flat lying and poddy supergene zones occur within weathered saprolite above the fresh rock mineralisation. While mineralisation is less continuous than Eridanus, the area potentially hosts some significant shallow ore zones which could provide useful oxide ore sources for mill blending. Some strong, deep gold zones (i.e.RDRC0137) have also been intersected and are being further tested. Further follow-up drilling, including diamond holes for improved geological understanding and geotechnical assessment, is planned and an initial resource model will be generated in the current Quarter, followed by open pit optimisations and mining studies.