Ravenswood gold mine expansion project, Australia
Name of the Project
Ravenswood gold mine expansion project.
Location
The Ravenswood mine is located in north Queensland, Australia.
Client
Resolute Mining.
Project Description
Resolute Mining is examining the potential for a large openpit development at the Ravenswood mine. This will entail the development of two openpits – Sarsfield and Buck Reef West – and expansion of the processing plant from 1.5-million tonnes a year to 2.8-million tonnes a year as Resolute Mining starts to mine Nolans East.
Nolans East represents the start of the transition back to large-scale openpit mining.
The Sarsfield deposit has a mineral reserve of 1.2-million ounces and a resource of 1.3-million ounces.
Buck Reef West has a 1.2-million-ounce resource.
Nolans East has a 71 000 oz reserve.
Jobs to Be Created
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Value
Initial capital expenditure has been estimated at $130-million, with about double this to be spent over the next five years.
Duration
Not stated.
Latest Developments
The Queensland government granted environ-mental approval for the mining of the Sarsfield openpit in March, with construction expected to start in the coming months. Construction work is also expected to start on the processing plant, the capacity of which will be nearly doubled.
Subject to government approvals, preparations for the mining of the Buck Reef West pit are expected to start in 2018.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Resolute Mining, tel + 61 8 9261 6100, fax + 61 8 9322 7597 or email contact@rml.com.au.
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