Ramelius Resources to acquire remaining 80% stake in Spartan Resources for AUD1.9bn.

Ramelius Resources, a gold producer, agreed to acquire remaining 80% stake in Spartan Resources, a gold exploration and development company, for AUD1.9bn. “Ramelius is delighted to be combining with Spartan, which will see Ramelius’ Mt Magnet Production Hub supercharged by the integration of Spartan’s high-grade Dalgaranga Mineral Resource. The combination will see Mt Magnet deliver higher ounces, at higher grade, with higher margins. With the Spartan Effect, Ramelius has a vision for the Combined Group to be a +500koz/pa producer in FY30," Mark Zeptner, Ramelius Managing Director.