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Evolution Mining Ltd.
Summary
| Project: | Cowal | |
|---|---|---|
| Deposit: | Cowal | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-4-2019: Evolution Mining Ltd. announces a Resource Estimation report for its Cowal deposit at the Cowal project. Updated mineral resource and ore reserve estimate at the project. Evolution Mining Limited (ASX: EVN) is pleased to release its annual Mine | |
| Resources: | (Reserve, P+P): 141.25Mt @ 0.85g/t Au for 3.88Moz Au contained at the project | |
| CP/QP: | [Resources]: James Biggan (Internal) | |
| ABSTRACT: | Evolution Mining Limited (ASX: EVN) is pleased to release its annual Mineral Resources and Ore Reserves (MROR) estimates as at 31 December 2018. The Company remains committed to operating a sustainable business that prospers through the cycle and has used an unchanged and conservative gold price assumption of A$1,350 per ounce (US$980/oz)1 and a copper price assumption of A$6,000 per tonne (US$4,350/t) to estimate Group Ore Reserves. Commenting on the updated Mineral Resources and Ore Reserves estimate, Evolution Executive Chairman, Jake Klein, said: “It is very pleasing that the discovery team, led by Glen Masterman, is continuing to deliver meaningful organic growth through exploration. We have once again added to both our resources and reserves after accounting for mining depletion. A continued focus on extending our average mine life has resulted in further year-on-year improvements with the average Group reserve life now approximately ten years. The growth in resources and reserves at Cowal has been exceptional and we are also building a strong pipeline of greenfields projects which aim to generate long-term growth for our business.” | |
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