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MEI Online: Commodities: Metallic Ores: Gold: Latest News: April 8th 2013

 
 

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:: Mt Carlton Produces First Concentrate

 

Evolution Mining Limited is pleased to advise that a major milestone in the commissioning of the 800,000 tonne per annum processing plant at its 100% owned Mt Carlton gold-silver-copper mine in North Queensland was achieved with the first concentrate produced from the silver rich A-39 deposit. The site team will now focus on ramping-up the plant to full capacity which is expected to be achieved on a sustainable basis in the September 2013 quarter.

Commenting on this important achievement, Evolutionís Executive Chairman, Jake Klein, said: "Achieving this milestone is an outstanding result and is a tribute to the excellent team that we have at Mt Carlton. Once in full production, Mt Carlton is expected to be our lowest cost mine."

"The deposit was discovered in 2006 and construction commenced only five years later, in December 2011. This remarkably rapid timeframe for permitting and development underpins our belief that Australia, and in particular Queensland, is an excellent destination for investment, exploration and mining."

The project is expected to produce some 720 000 oz of gold, 14.4-million ounces of silver and 25 000 t of copper in concentrate over a 12-year life.

 

 

   

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