Penny Gold Mine

Penny Gold Mine is located within the Black Range district, Mid-West region of Western Australia, approximately 570 km north of Perth. This remote positioning creates extended supply chain lead times for consumables, ground support materials, and mechanical components. The mine sits within the Archaean Youanmi Greenstone Belt, a structurally complex terrane characterised by steeply dipping quartz-sulphide vein systems. Ore is transported by road to the Mt Magnet processing facility, making reliable haulage logistics a critical operational dependency.

Operated by Ramelius Resources Limited (ASX: RMS), Penny Gold Mine is an actively producing asset integrated into the Mt Magnet production centre. Continuous underground operations demand:

• Diesel fuel supply at scale for mobile underground fleet and surface generation
• On-site power generation infrastructure supporting 24/7 extraction cycles
• Reagent and consumable replenishment aligned to Mt Magnet's CIL processing circuit
• Underground mining contracting services across development and stoping categories

The dual-vein structure — Penny West and Penny North — sustains parallel production fronts, intensifying procurement cadence.

Mineralisation occurs in steeply east-dipping quartz-sulphide veins, typically 1 m to 4 m wide, requiring precision narrow-vein underground extraction methods. Key engineering priorities include:

• Primary ventilation systems to manage heat, diesel particulates, and humidity at depth
• Rock bolt and ground support programmes suited to Archaean greenstone ground conditions
• Dewatering infrastructure to manage groundwater ingress in deep stoping zones
• Paste or engineered fill solutions for void management across two active vein systems

Ore is processed externally at Mt Magnet, removing the need for on-site comminution infrastructure.

Operating within the Youanmi Greenstone Belt requires rigorous Aboriginal Heritage compliance under Western Australian heritage legislation, with site disturbance protocols mandatory prior to any new development footprint. B2B procurement strategies at this site increasingly prioritise:

• Engagement with Indigenous-owned enterprises for civil, labour, and support services
• Supplier diversity reporting aligned to Ramelius Resources' corporate ESG commitments
• Dust suppression and tailings management services for road haulage corridors
• Workforce wellbeing services supporting a FIFO rotation model in a remote setting