Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on.
Ramp compares its project with the eye structure of the Nova-Bollinger nickel-copper mine in Western Australia.
Bullion climbed to an all-time high of $2,483.73 an ounce on Wednesday, before paring gains.
AngloGold Ashanti is purchasing about 9 million shares and a single European investor is picking up the remainder.
