[ad_1]
Image: Resolute Mining
Resolute Mining has extended the mine life of the Ravenswood gold operation in Queensland by three years through a mine expansion project.
Ravenswood, approximately 95km southwest of Townsville, is now expected to end operations in 1965 following the revision.
In addition to the life-of-mine extension, the project has significantly reduced its all-in sustaining cost (ASIC) by $ 69 per ounce (oz) of gold to $ 1,097 / oz, at average output rate of 115,000oz / y.
The update has also resulted in the $ 100 million of capital project due to a mining extension at Mt. Wright, which was originally due to close in mid-2017 Revised for the final quarter of 2019.
Mt. Wright is the underground component of the Ravenswood project. According to a Resolute announcement, Mt. Wright's extended life was achieved through "careful and conservative management" of sub-level cave stope over several years, resulting in an overdraw of current production levels.
The Ravenswood Expansion Project (REP) is The Nolans processing is one of the most important of the two, followed by a review of the history of the millennium. plant will also undergo expansion, first to 3.2 million tons a year (Mt / y) capacity by the start of 2020 (a gain of 0.4Mt / y), and then to 5Mt / y by 2024.
Resolute managing director Chief Executive Officer John Welborn said the project was long-term value to shareholders.
"We have a strong history of operational experience based on open pit and underground mining," he said. "Our team has shown agility and skill in managing both a highly successful and a unique underground operation and a large scale open pit mining."
"I am proud of our imagination and tenacity has been rewarded in defining a long-term future for the badet . "
Source link
