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The future of mining camp furniture is here EcoFarmer: industry-leading solutions in water treatment systems Weir to acquire Micromine Butcherbird receives final approval Ramelius to acquire Spartan for $2.4b Rio Tinto completes Arcadium Lithium acquisition Aussie conquers corrosion and floods! Bellevue Gold: the view from the top Proof in the pit Dig deep: Underground Operators Conference 2025 Not just big fans Industrial reliability without compromise Delivering underground infrastructure with precision Rare earths revolution: Iluka’s Eneabba refinery Mining matters Coronado takes Mammoth steps at Curragh The Goonyella paradox Security is more than access control: it is business safety Custom solutions, built to work Multi-float® hose and cable floats redefine liquid management Kingspan’s commercial & Industrial water tanks Sustainable power solutions with APS North Queensland Hardfacing — pioneering wear solutions across Australia’s heavy industries Critical minerals catch fire King of the Hills: a golden legacy in strength

Ramelius to acquire Spartan for $2.4b

Upon completion, Spartan executive chairman Simon Lawson will join the Ramelius Board as non-executive deputy chair and Deanna Carpenter will join as a non-executive director.
Upon completion, Spartan executive chairman Simon Lawson will join the Ramelius Board as non-executive deputy chair and Deanna Carpenter will join as a non-executive director.

Ramelius Resources (ASX: RMS) is set to acquire all remaining Spartan Resources (ASX: SPR) shares that it does not already own.

The transaction will create a leading Australian gold producer with a combined group mineral resource estimate of 12.1moz of gold and ore reserve of 2.6moz of gold, according to the companies.

The merger sees complementary and proximate assets coming together, with significant work already undertaken to optimise synergies between Mt Magnet and Dalgaranga. As a result, the combined group is  looking to increase production to more than 500koz by FY30.

Spartan executive chairman Simon Lawson says this is a highly attractive and transformational combination which the company believes represents a great outcome for Spartan shareholders.

“The combined group will be positioned as a leading mid-tier ASX-listed gold producer with an enviable and robust growth pipeline including a significantly de-risked development pathway for Dalgaranga underpinned by Ramelius’ robust balance sheet, strong cash generation and development expertise,” he said.

“With the expected commencement of operations at Dalgaranga we expect the enlarged Mt Magnet-Dalgaranga hub to cement itself as a long-life and low-cost mining operation.

“Spartan shareholders will be able to benefit from continued exposure to this exciting journey, while also gaining exposure to the rest of Ramelius high-quality WA gold portfolio.

“I am looking forward to being involved in the next chapter of this exciting journey as deputy chair of the enlarged Ramelius, where I will be providing direction into a renewed exploration focus at a number of Ramelius existing assets as well as the development and growth of the high-grade Dalgaranga orebodies.”

Ramelius managing director Mark Zeptner says the company 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,” he said.

“In addition to the incredible production potential combining these two companies delivers, we are also excited to see what the ongoing exploration efforts at Dalgaranga can deliver for the benefit of the combined group’s shareholders.

“With Simon joining out Board post-Transaction, we look forward to seeing what can be unlocked at Dalgaranga and across our projects from more aggressive exploration programmes.”

The Spartan board has unanimously recommended that shareholders support the transaction by voting in favour of the scheme in the absence of a superior proposal.