Golden times ahead for Queensland’s largest gold mine

(Image source: Ravenswood Gold) Ravenswood gold project.
(Image source: Ravenswood Gold) Ravenswood gold project.

Queensland’s largest gold mine — the Ravenswood gold project— is set to operate for another 16 years following the recent renewal of four crucial mining leases.

Not only does the renewal of the leases cement the long-term future for Ravenswood but it also paves the way for significant expansion with plans to increase processing from 2.5mtpa to 8.4mtpa.

Located in North Queensland, the Ravenswood gold project is a cornerstone of the state’s economy, supporting more than 400 employees and partnering with suppliers from the region.

Ravenswood Gold chief executive Brett Fletcher says the renewal of the mining lease is an exciting time for the company.

“The renewal of our mining leases is another exciting and positive step forward for the future of the Ravenswood gold project. Long term certainty is critical for business confidence and continued investment,” he said.

“Our positive relationship with the Queensland Government allows us to confidently continue to invest in the long-term future of the Ravenswood gold mine and the region.”

Recently, Ravenswood Gold completed a three-year $350m expansion which included a new fleet of mobile mining equipment, a new crusher, a 12MW ball mill, processing equipment and a 100mt tailings storage facility.

The renewal of a mining lease 30km northeast of Ravenswood allows the company to undertake a feasibility study on a historical prospect known as Last Chance.

Queensland Resources and Critical Minerals Minister Scott Stewart commented on the extension.

“The extension of these mining leases secures the long-term future for Ravenswood Gold and sets the stage for substantial expansion, contributing to the economic development of the region,” he said.

“Queensland’s mining landscape is exciting, continuously growing and evolving, exactly as we see here with Ravenswood Gold.”