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Evolution Mining Ltd.
Summary
| Project: | Mt Carlton | |
|---|---|---|
| Deposit: | Mt Carlton | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 4/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-4-2018: Evolution Mining Ltd. announces a Resource Estimation report for its Mt Carlton deposit at the Mt Carlton project. Annual mineral resource and ore reserve update. Evolution Mining Limited (ASX: EVN) is pleased to release its annual Mineral Reso | |
| Resources: | (Reserve, Prob.): 4.50Mt @ 4.92g/t Au for 712Koz Au contained | |
| CP/QP: | [Resources]: Matthew Obiri-Yeboah (Internal) | |
| ABSTRACT: | Evolution Mining Limited (ASX: EVN) is pleased to release its annual Mineral Resources and Ore Reserves (MROR) estimates as at 31 December 2017. The Company remains committed to building a sustainable business that prospers through the cycle and has therefore used an unchanged and conservative gold price assumption of A$1,350 per ounce (US$1,050/oz)1 and a copper price assumption of A$6,000 per tonne (US$4,680/t) to estimate Group Ore Reserves. Group Mineral Resources as at 31 December 2017 are estimated at 14.24 million ounces of gold and 946,000 tonnes of copper compared with the estimate at 31 December 2016 of 14.18 million ounces of gold and 1.03 million tonnes of copper. The updated estimate accounts for mining depletion in 2017 of 842,000 ounces of gold. All Mineral Resources are constrained at an A$1,800/oz economic threshold at Evolution’s 100% owned assets. | |
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