Tag: Evolution Mining

AUSTRALIA’S national science agency CSIRO and the WA Government have teamed up to research mineralisation in the Yilgarn province, potentially unlocking new gold deposits in the area 400km east of Perth, WA. The eastern Yilgarn region has historically had fewer gold discoveries than its neighbouring, richly endowed eastern Goldfields region, despite sharing Archean geology from over 2,500 million years ago. Researchers discovered distinctive patterns in the chemical alteration of surrounding rocks during the formation of ancient gold deposits during the Archean period. Through the Minerals Research Institute of WA (MRIWA), the WA Government has invested in research to support future mineral exploration and understand chemical patterns in ancient rocks. WA mines and petroleum minister Bill Johnston said the discovery of...

A 793C haul truck rumbling down Hannan Street in Kalgoorlie-Boulder provided a fitting, awe-inspiring finale to the 20th annual St Barbara’s parade. The annual event draws in big crowds each year to honour the patron saint of mining, St Barbara, as well as the mining sector as a whole. The Gold Industry Group (GIG) brought West Coast Fever netball stars to the parade, alongside other GIG members Northern Star Resources, Gold Fields, SMS Mining Services, Saracen Mineral Holdings, Norton Gold Fields and Evolution Mining. KCGM displayed a NAIDOC-themed haul truck, with truck tray artwork commissioned by local indigenous artist Jason Dimer and his family earlier this year. Other entries included a 992K loader, force water cart and a newly-purchased Mining...

Quartz vein outcrop on Connors Arc’s Aurora Flats. Image: Orion Minerals.   BY ELIZABETH FABRI   EVOLUTION Mining has agreed to acquire Orion Minerals’ Connors Arc gold exploration project, which is strategically positioned near Evolution’s existing Mt Rawdon, Mt Carlton and Cracow operations in central QLD.   The acquisition includes an upfront cash payment of $1.5 million, followed by two payments of $500,000, and a 2 per cent net smelter return royalty over gold produced from the project, with payments capped at $5 million. Evolution Mining vice president Discovery Glen Masterman said Connors Arc was a technically compelling project with multiple and extensive alteration zones, which could be indicative of multiple preserved epithermal gold systems.   “The Connors Arc acquisition...

Edna May is 350km east of Perth, WA. Image: Evolution Mining. BY ELIZABETH FABRI AUSTRALIA’S second largest gold miner Evolution Mining has agreed to sell its Edna May project in WA to Ramelius Resources for up to $90 million. After months of speculation, Evolution confirmed rumours in September that it would be offloading the WA mine to improve the quality of its asset portfolio. Ramelius’ annual group production will increase by an estimated 54 per cent to between 195,000oz and 205,000oz. The sale involved an initial $40 million cash payment, and an additional $20 million in cash or Ramelius shares upon a board approved decision to mine the Edna May Stage 3 open pit. Evolution will also receive royalty payments...

Image: Gold Industry Group BY ELIZABETH FABRI WHILE the price had not yet returned to 2016 highs of $US1357 per ounce, on 11 August the price recorded a two month high of $US1289 – about $A1620 -- leaving many miners optimistic for the year ahead. At last month’s Diggers and Dealers conference, more than 2100 miners, investors and service companies touched down at one of Australia’s oldest gold towns, Kalgoorlie, WA, to celebrate the industry across three days of informative sessions, networking events (and late night soirees). While many commodities were covered across the forum, it was gold that dominated discussion with many conversations had on and off-site on the commodity’s ‘comeback’ amid a weaker US dollar, and war of...

The project is located in the Tennant Creek region. Image: Emmerson Resources. BY ELIZABETH FABRI PROJECT partners Emmerson Resources and mid-tier gold producer Evolution Mining will open the first Northern Territory gold mine in more than a decade, after final approval to begin production at the high grade Edna Beryl gold operation was received in June.  Emmerson’s strategy was aimed at monetising a pipeline of small high grade gold deposits within its Tennant Creek project as a low cost path to production; the company stated that it had identified 15 such mines within its tenements. The first of these, Edna Beryl, will be operated under a tribute agreement with Edna Beryl Mining Company, an operator that specialises in small mines....