Gold miner Evolution Mining has received approval from the New South Wales Department of Planning, Housing and Infrastructure on the Cowal gold operations’ open pit continuation.
A development consent was granted for the continuation of open-pit mining with extension of the E42 pit and subsequent development of three new open pits, and continuation of ore processing at a rate of up to 9.8 Mt annually.
“The approval received today is an important milestone for Cowal and our stakeholders. Since acquiring Cowal in 2015, the operation has been a cornerstone asset for Evolution delivering material cash flows and high rates of returns, which will now enable its continuation to at least 2042,” said Managing Director and CEO Lawrie Conway.
“The extension of operations allows continued contributions to the local and national economies through employment, community advancement, payment of taxes and royalties. We acknowledge and thank the NSW government for their continued support of Evolution and the thorough and rigorous approval process undertaken.”
Cowal is located 350 kilometres west of Sydney and operated by Evolution since July 2015.
Source: Evolution Mining