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Resolute Mining Ltd.
Summary
| Project: | Ravenswood | |
|---|---|---|
| Deposit: | Nolans East | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-6-2016: Resolute Mining Ltd. announces a Resource Estimation report for its Nolans East deposit at the Ravenswood project. Open pit mining to recommence at Nolans East open pit at the Ravenswood gold mine. Resolute Mining (“Resolute” or “the Company”) | |
| Resources: | (Reserve, P+P): 2.7Mt @ 0.8g/t Au for 71000oz Au contained at Nolans East | |
| CP/QP: | [Resources]: Richard Bray; Andrew Goode (Internal) | |
| ABSTRACT: | Resolute Mining (“Resolute” or “the Company”) is pleased to announce open pit mining will recommence in July 2016 at its Ravenswood Gold Mine (“Ravenswood”) in Queensland. The commencement of mining at Nolans East is an important first step in the anticipated redevelopment of a long life large scale open pit mining operation at Ravenswood. Nolans East represents an extension of the historic Sarsfield-Nolans pit which was mined by Resolute until 2009 prior to the commissioning of the underground mine at Mt Wright. Resolute’s current underground operations at Mt Wright are due to be completed in 2017. Nolans East forms a small part of the 1.2Moz open pit Ore Reserve at the Sarsfield-Nolans pit. The recommencement of open pit mining at Nolans East will assist in maintaining continuity of production as the Mt Wright underground mine prepares for closure in 2017. Mining at Nolans East is expected to be the first stage of the Ravenswood Extension Project (“REP”). A Feasibility Study for the REP is currently nearing completion. This study is examining the potential for a large open pit development with mining of the Sarsfield and Buck Reef West deposits expected to follow completion of operations at Nolans East. | |
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