Sale of Kathleen Valley Lithium Royalty for A$30.25 million

HIGHLIGHTS

• Binding agreement executed with Liontown Resources Ltd ((ASX:LTR) “LTR”) for the termination of the Lithium Royalty (the “Royalty”) owned by Ramelius over the majority of LTR’s Kathleen Valley Lithium Project
• Consideration of A$30.25M payable in cash upon settlement, which is expected within 3 business days
• The Kathleen Valley Lithium Project is one of the worlds premier undeveloped Lithium deposits
• The divestment of this non-core asset provides additional liquidity for Ramelius as it seeks to grow its gold asset portfolio in WA
• Proforma Cash and Gold balance as at 30 June 2021* of A$264.0M