Ramelius Resources Limited (ASX: RMS): RMS is a Western Australia-based gold producer engaged in the exploration, development, and operation of gold mining assets. The company owns and operates several key projects including Mt Magnet, Penny, Cue, and Edna May, with ore processed primarily at the Mt Magnet and Edna May facilities. RMS also holds growth-stage assets such as the Rebecca-Roe Project and is in the process of acquiring Spartan Resources to expand its production profile.

As per the previous ‘Earnings Hunter’ Report published on RMS on 30 July 2025, Kalkine provided a ‘Neutral’ stance on the stock at AUD 2.610 based on ‘Earnings Hunter Score’ and noted below are the details of support and resistance provided in the previous report.

Previous Recommendation Summary as on 30 July 2025

RMS Daily Chart

Considering that the stock has surpassed its R1 level, macroeconomic uncertainty, rally in share price movement, current trading level, and risks associated, the share price can face consolidation at the current levels. Hence, the stock seems ‘Unattractive’ at the current market price of AUD 2.880, as of 7 August 2025, at 10:57 AM AEST.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical issues prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 7 August 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.