Evolution Mining Limited (ASX:EVN) Receives Approval for Cowal Operations Extension
Regulatory Approval Granted
Evolution Mining Limited (ASX: EVN) has received regulatory approval from the NSW Department of Planning, Housing and Infrastructure to extend its Cowal Gold Operations. This Development Consent allows for the continuation of open pit mining and the extension of the E42 pit, as well as the development of three new open pits. The operational capacity for ore processing has been confirmed at up to 9.8 million tonnes per annum (Mtpa), with the mining lease in place until 2045.
Operational Significance
Managing Director and Chief Executive Officer, Lawrie Conway, highlighted the importance of this milestone for both Cowal and the company’s stakeholders. Since acquiring Cowal in 2015, it has become a cornerstone asset for Evolution, providing significant cash flows and high returns. This approval secures the mine’s operations through at least 2042. Conway stated, “The extension of operations allows continued contributions to the local and national economies through employment, community advancement, payment of taxes and royalties.”
Acknowledgements
Conway also expressed gratitude towards the NSW Government for their support throughout the rigorous approval process, acknowledging their role in enabling this pivotal development for Evolution Mining.
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