Evolution Mining has received the final regulatory approval for its Cowal gold operations’ open pit continuation project, which will extend open-pit mining at the New South Wales site until at least 2042.
“This project has been subject to a robust approvals process, at both a state and federal level, and we acknowledge the constructive engagement and rigorous input across government to reach this positive outcome,” Managing Director and Chief Executive Officer Lawrie Conway said.
“Cowal possesses a significant mineral endowment that will sustain our operations for decades to come and provide lasting benefits for our stakeholders and continue the significant returns generated to date for our shareholders.”
The approval allows for the expansion of open pit mining at Cowal, including the mining of three adjacent ore bodies. It is valid through 28 February 2050, reinforcing long-term operational stability.
Cowal is located 350 kilometres west of Sydney and has been operated by Evolution since July 2015.
Source: Evolution Mining