06 Aug Evolution Mining underlines quality of WA gold asset ahead of site visit
Australian gold producer Evolution Mining has released an updated corporate presentation for its Mungari gold mine while an institutional investors and analyst site visit takes place today.
The presentation outlines Mungari’s importance within Evolution’s production portfolio, which includes a total of five operations across Queensland, New South Wales and Western Australia.
Located 20 km west of Kalgoorlie-Boulder in Western Australia, Mungari was acquired by the growth-focused miner in August 2015 from international gold business La Mancha Group.
The operation includes the Frog’s Leg and White Foil mines, which collectively produced approximately 144,000 oz of gold in FY17. The mine is expected to produce 118,000 oz over the current fiscal year, which represents 15% of Evolution’s total gold production.
Current ore reserves and inferred mineral resources provide a solid 10 year base load production platform, which will be built upon via extensions to the Frog’s leg mine, along with additional high grade targets across the tenure.
Last month, Evolution reached an agreement with Norton Gold Fields to terminate its mining rights at the nearby Castle Hill deposit, which will allow the company to explore and developed a key package of tenements at Mungari.