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EVOLUTION MINING LIMITED

ASX: EVN

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Evolution Mining owns and operates four gold operations with a fifth operation due to come on stream in 2012. Four of the operations are located in Queensland, Australia and one is in Western Australia. Evolution Mining’s diversified portfolio combining production and growth will see it become one of the top three in growth amongst Australian mid market cap gold companies by 2013.

The focus of Evolution Mining is on operating its projects safely and efficiently and developing them to their full potential. Evolution Mining has a 100% interest in its projects which are located in very prospective regions. Evolution Mining expects to be able to extend the mine lives of all of its operations with the progressive development of current projects and continued exploration successes.

In 2011, Evolution Mining’s global Ore Reserves were 3.5 million ounces of gold and Mineral Resources were 6.9 million ounces of gold. Its operating mines were producing over 300,000 ounces of gold per annum with production expected to grow to 410,000 to 465,000 ounces of gold per annum by 2013.

Evolution Mining was created in late 2011 to form a mid-tier Australian gold producer through a merger of Catalpa Resources Ltd and Conquest Mining Ltd and the concurrent acquisition of Newcrest Mining’s interests in the Cracow and Mt Rawdon mines.

Cracow, Queensland

Measured, Indicated and Inferred Resources (at 30 June 2011) - 4.4Mt @ 6.3g/t gold for 0.9Moz gold
Ore Reserves (as at 30 June 2011) - 1.0 Mt @ 7.0g/t gold for 0.2Moz gold

Edna May, Western Australia

Measured, Indicated and Inferred Resources (at 30 June 2011) - 52.9Mt @ 1.1g/t gold for 1.8Moz gold
Ore Reserves (as at 30 June 2011) - 28.3Mt @ 1.1g/t gold for 1.0Moz gold

Mt Carlton, Queensland

Measured, Indicated and Inferred Resources (at 30 June 2011) - V2: 24.72Mt @ 1.56g/t Au, 24g/t Ag and 0.26% Cu for 1.2Moz Au, 19.1Moz Ag and 64.4kt Cu A392.66Mt @ 185g/t Ag and 0.14% Cu for 15.8Moz Ag and 3.8kt Cu
Ore Reserves (as at 30 June 2011) - V2: 9.3Mt @ 2.73g/t Au; 30g/t Ag; 0.34% Cu for 0.8Moz Au, 9.0Moz Ag, 31.0kt Cu and A39 : 0.5Mt @ 552g/t Ag; 0.64% Cu for 8.3Moz Ag, 3.0kt Cu

Mt Rawdon, Queensland

Measured, Indicated and Inferred Resources (at 30 June 2011) - 36.7Mt @ 0.87g/t gold and 2.4g/t silver for 1.0Moz gold and 2.8Moz silver
Ore Reserves (as at 30 June 2011) - 32.0Mt @ 0.89g/t gold and 2.46g/t silver for 0.9Moz gold and 2.5Moz silver

Pajingo Gold Mine, Queensland

Measured, Indicated and Inferred Resources (at 30 June 2011) - 5.4Mt @ 4.2g/t for 728,000oz gold
Ore Reserves (as at 30 June 2011) - 864,000t @ 5.1g/t for 140,000oz gold

Mine For

gold, silver

Location of operation(s)

Queensland, Western Australia

Address

Level 7 282 Oxford Street
BONDI JUNCTION, NSW, Australia

Phone

+61 2 8383 2100

Email

Website


Last Updated

8/11/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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