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Resolute Mining Ltd.
Summary
| Project: | Ravenswood | |
|---|---|---|
| Deposit: | Ravenswood Expansion Project | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/7/2017 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-3-2017: Resolute Mining Ltd. announces an EIA/ESIA report for its Ravenswood Expansion Project deposit at the Ravenswood project. Amended Environmental Approval received for Ravenswood. Resolute Mining Limited (ASX:RSG) (Resolute or the Company) is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Resolute Mining Limited (ASX:RSG) (Resolute or the Company) is pleased to announce the Queensland Department of Environment and Heritage Protection has issued the final approved Amended Environmental Authority for the recommencement of mining at the Sarsfield open pit. The Environmental Authority is a major milestone in the governmental approval process required to progress the Ravenswood Expansion Project (REP) and includes all provisions required to recommence mining at the Sarsfield open pit. The REP will extend the Company’s local operations for a further 13 years to at least 2029, increase average annual gold production to more than 120,000 ounces, and generate Life-of-Mine All-In Sustaining Costs of A$1,166 per ounce (see ASX Announcement dated 21 September 2016). Receipt of the final Environmental Authority for Sarsfield follows the granting of Prescribed Project status to the REP by the Queensland Government (see ASX Announcement dated 1 December 2016). Managing Director & CEO, Mr. John Welborn, was delighted to receive the important environmental approval on-time and confirmed Resolute’s appreciation of the ongoing support the Company is receiving from the Queensland Government: “The Amended Environmental Approval we have received is a critically important aspect of our plans to expand production and extend the mine life of our Ravenswood Gold Mine. We have already successfully recommenced open pit mining at the nearby Nolans East pit and have increased processing capacity to 2.8 million tonnes per annum while we continue underground operations at Mt Wright. The next stage of our expansion plans require approvals to recommence mining activities at the Sarsfield open pit mine before advancing to the adjacent Buck Reef West deposit.” | |
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