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Ravenswood Data

Ravenswood Information

  • Mining 2016-07-09
    The Mount Wright mining operation ha used a sublevel shrinkage (SLS) mining method since 2010 to successf ully mine high grade ore from a vertically dipping rhyolite breccia pipe within the Ravenswood batholith. The mine was originally developed as a sublevel open stope operation in 2007, but was converted to SLS to increase the ore production rate and reduce mine costs. The mining operation relies on the introduction of loose waste fill into the void above the production front to prevent caving of the overlying strata. Since the introduction of the SLS mining method, cash costs have improved to an average $803/oz.
  • Exploration 2016-07-09
    At Mt Wright detailed underground drilling conducted earlier has outlined sufficient mineralisation to extend the operation at depth and below the previous 600RL base of operations. As announced to the ASX on 20 February 2014 the Company released details of a 46% increase in ore reserves which incorporated the extension to mining operations. As at 31 December 2013, the updated proven and probable Mt Wright ore reserve was 4.1Mt @ 2.7g/t Au for 352,000 ounces. The increased mining zone follows the down-dip continuation of the mineralised rhyolite and is continuous with the current operation. There is no planned change to the sublevel shrinkage mining method which has proven to be very successful at Mt Wright since 2010. Exploratory drilling continues from deeper parts of the mine seeking further extensions of the mineralisation with depth and in isolated rhyolite bodies identified away from the existing rhyolite breccia mineralisation host.
  • General 2015-05-10
    The Ravenswood gold mine is located approximately 95km south-west of Townsville and 65km east of Charters Towers in north-east Queensland. Resolute has a 100% interest in the mine through its subsidiary Carpentaria Gold Pty Ltd. Ore for the Ravenswood Operations was primarily sourced from the Mt Wright underground mine plus a minor amount of remnant low grade stocks from Nolan's. The reconfigured process plant is optimised for processing 1.5Mtpa of high grade underground ore using single stage crushing, SAG and ball milling and carbon-in-leach processing with a gravity circuit for recovery of free gold. Gold production is expected to be slightly less in the 2014 financial year due to reduced grade as per the mining schedule. Cash costs per ounce are expected to increase due to the reduced grade and increased mining depth.

Nearby Locations

Nearby Location News

  • Evolution sells Pajingo to Chinese for A$52m 2016-08-16
    Gold miner Evolution will sell the Pajingo gold mine and surrounding exploration tenements in North Queensland to an emerging Chinese miner for up to A$52-million, the ASX-listed company announced on Tuesday. Minjar Gold will pay A$42-million in cash upfront for the gold mine, which started operating 30 years ago, as well as a 1% net smelter return royalty of up to A$10-million for gold production above 130 000 oz.
  • ASX: Agreement to Divest Pajingo Gold Mine 2016-08-15
  • Evolution considering offers for Pajingo gold mine 2016-08-10
    Gold miner Evolution Mining is considering selling its Pajingo gold mine, in Queensland, consistent with its strategy of improving the quality of its asset portfolio. Evolution reported this week that it had received offers from third parties for the mine, which produced 68 630 oz in the 2016 financial year to the end of June.
  • ASX: Possible Divestment of Pajingo Gold Mine 2016-08-08
  • Evolution's gold production hits 800 000-oz mark 2016-07-21
    Australian gold miner Evolution has reached the 800 000-oz production mark, boosted by the acquisition of two mines in the 2016 financial year. The ASX-listed gold company produced 803 476 oz in the 12 months ended June, which is in the mid-range of its upgraded guidance of 770 000 oz to 820 000 oz, and represents an 84% increase on 2015’s production.

Ravenswood News

  • Expansion offers lifeline for Ravenswood 2016-09-21
    A feasibility study into the expansion of the Ravenswood gold mine, in Queensland, has extended the mine life by another 13 years, to 2029. Gold miner Resolute Mining said on Wednesday that the expansion project feasibility study estimated that average annual gold production of 120 000 oz could be achieved, with the capital investment tipped at A$134-million for pre-stripping and staged processing plant expansion to five-million tonnes a year, from the 2.8-million tonne a year capacity at the end of October this year.
  • ASX: Reserve and Resource Statement as at 30 June 2016 2016-09-06
  • ASX: FY16 Production and FY17 Guidance 2016-07-06
  • Openpit resources to help return Ravenswood to its former glory 2016-06-21
    The openpit resources at the Ravenswood mine, in Queensland, could help return the operation to its former glory, said gold miner Resolute’s MD and CEO, John Welborn, on Tuesday. The ASX-listed Resolute has been working on a plan to extend Ravenswood’s operating life beyond the Mt Wright underground mine, which will be closed next year, putting 280 jobs on the line.
  • ASX: Resolute to Recommence Open Pit Mining at Ravenswood 2016-06-20

Related News

  • Expansion offers lifeline for Ravenswood 2016-09-21
    A feasibility study into the expansion of the Ravenswood gold mine, in Queensland, has extended the mine life by another 13 years, to 2029. Gold miner Resolute Mining said on Wednesday that the expansion project feasibility study estimated that average annual gold production of 120 000 oz could be achieved, with the capital investment tipped at A$134-million for pre-stripping and staged processing plant expansion to five-million tonnes a year, from the 2.8-million tonne a year capacity at the end of October this year.
  • ASX: Reserve and Resource Statement as at 30 June 2016 2016-09-06
  • Resolute acquires interest in DRC-focused explorer 2016-08-29
    Australian mining firm Resolute Mining has acquired a 14.6% interest in Canadian explorer Kilo Goldmines, which is advancing projects in the Democratic Republic of Congo (DRC). Resolute bought 24.7-million shares, at a cost of A$2.5-million, in Kilo’s recently completed private placement.
  • ASX: Resolute acquires interest in Kilo Goldmines 2016-08-28
  • Syama, Mali: 62m at 6.71gpt gold from 651m depth (SYDD432) 2016-08-15
    Deep drilling opens possibility of extensions to Syama underground reserve

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