Ramelius Resources Resumes Drilling at the Mt Finnerty Farm-in/JV

Westar Resources Limited (ASX:WSR) (Westar or the Company) is pleased to announce Farm-in/JV partner, Ramelius Resources Ltd (ASX: RMS) (Ramelius) has commenced a second round of RC drilling at the Mt Finnerty Project, north of Southern Cross in Western Australia. Drilling is planned at both the Flinders and Tasman prospects to improve the geological model and establish potential controls on the high-grade mineralisation.

• Ramelius Resources has resumed drilling at the Mt Finnerty Farm-in/JV, following up on exceptional first round drilling success that included:

Flinders Prospect

• 5m at 66.7g/t Au from 175m in FLRC002

Tasman Prospect

• 13m at 4.37g/t Au from 182m in FLRC015
• The program consists of appx 4,000m of RC drilling to test along strike and down plunge continuity of mineralisation at both the Flinders and Tasman Prospects
• Mt Finnerty covers over 9km of greenstone-granite contact that has been subject to limited modern-day exploration

Westar Managing Director Karl Jupp commented:

“The initial RC program was designed around historical intercepts and delivered exceptional results at both the Flinders and Tasman Prospects. We’re delighted that Ramelius share our conviction for the potential of high-grade primary hosted mineralisation and are demonstrating their committed to the project with a substantial follow-up drilling program”.

Previous Exploration

Historic exploration on the project includes regional and follow-up aircore drilling, and selective deeper RC drilling with best historic results including 9m at 98.2g/t Au from 62m in MF023, and 24m at 3.68g/t Au from 45m in MF038 (refer item 5.4.1 of Section 8 of the Company’s Initial Public Offering prospectus dated 23 October 2020 for further details).

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