Evolution Mining confirmed 1 October that its Cowal gold operation in Australia has received regulatory approval for underground mine development from the New South Wales Department of Planning, Industry and Environment (DPIE).
The approval, the company said, extends the life of the permitted mine to 2040; it was previously 2032. With the addition of the new higher-grade ore source, which it can blend with that from the E42 open pit, it is targeting at least 350,000 ounces of gold per year.
Evolution is investing A$380 million in the underground component of the mine, which it said will add about 230 new long-term jobs when it is in full operation.
The approval comes after the company submitted its application and environment impact statement (EIS) to the government agency in September 2020. A public exhibition phase held in late 2020 returned strong support from stakeholders in the region, including the traditional custodians of the land of the Wiradjuri people.
Cowal’s Galway decline development is expected to be complete in the fourth quarter, and it will utilise the remainder of its 2022 fiscal year to optimise early production, the company said.
Evolution operates five wholly owned mines: Cowal in NSW; Mungari in Western Australia; Mt. Rawdon and Mt. Carlton in Queensland; and Red Lake in Ontario, Canada. It additionally holds an economic interest in the Ernest Henry copper-gold mine in Queensland.
Source: Evolution Mining