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Evolution Mining Ltd.
Summary
| Project: | Cowal | |
|---|---|---|
| Deposit: | Cowal | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-9-2018: Evolution Mining Ltd. announces an Exploration/Drilling Update report for its Cowal deposit at the Cowal project. Exploration targets and new Drilling results incl. 3m @ 69.9g/t Au from 883.0m. Evolution remains focused on prioritising margins o | |
| Resources: | ||
| CP/QP: | [Overall Report]: James Biggan (Internal) | |
| ABSTRACT: | Evolution remains focused on prioritising margins over production growth. The Company expects to produce in excess of 700,000 ounces of gold for at least the next three years1 . All-in sustaining costs are expected to remain relatively flat throughout this period. Further details are provided in the “Investor Day 2018 Presentation” released to the ASX today. Evolution continues to invest in future production growth. Capital expenditure will remain elevated in FY19 due to investment in major projects at Cowal. It is then expected to decline from FY20 onwards. Of Evolution’s production outlook, 2% is comprised of an Exploration Target. The potential quantity and grade of this exploration target is conceptual in nature. There has been insufficient exploration to determine a Mineral Resource and there is no certainty that further exploration work will result in the determination of Mineral Resources or that production target itself will be realised. | |
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