Nov 08, 2019

Permit clears path for Ravenswood gold expansion

Permit clears path for Ravenswood gold expansion

Resolute Mining has received the new Environment Authority required for its ongoing Ravenswood Expansion Project.

The company said the new permit would allow it to expand the existing Nolans Tailing Storage Facility (NTSF) and to ultimately proceed with in-pit tailings storage as part of the expansion plan.

Resolute said the first stage of the REP had commenced with the recommissioning of the third grinding mill at the Nolans Processing Plant at Ravenswood, expected to come online by the end of this year.

Recommissioning of the third mill will enable a return to a processing rate of 5 million tonnes per annum.

Resolute said all major approvals were now in place for the expansion project to proceed.

“Ravenswood represents an exceptional opportunity for Resolute,” managing director and chief executive officer John Welborn said.

“All major approvals are now in place for a development plan that can accommodate an expansion of annual production to 200,000 ounces of gold over a 10-year mine life.

“With available gold resources of almost six million ounces, decades of operational excellence in open pit mining, efficient processing infrastructure, low cost grid power, and a stable skilled local work force, the REP has obvious potential to deliver considerable economic benefits to Resolute shareholders, the local community, and the Queensland Government.”

Resolute says it is still working on a strategic review of the expansion plan, focusing on the best development timeline and including the investigation of immediate opportunities to maximise value.

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