15 May, 2019 –
I recently granted Resolute Mining Ltd nine new mining leases, an essential step for its $150 million project to extend the life of its Ravenswood gold mine operations.
These new leases acknowledge Resolute Mining’s significant contribution to Ravenswood.
The company has pre-funded and commenced refurbishing and relocating the historic Ravenswood State School, providing new sporting facilities and helping to preserve this former gold town’s cultural heritage.
For Resolute, it means they can continue operations smoothly as one mine reaches the end of its lifecycle and another begins.
For the 280 strong workforce, it means another 13 years of employment, as well as an additional 100 construction jobs for the new mine.
Resolute’s existing Mount Wright underground mine is due for closure next year. The expansion will see open pit mining at the adjoining Sarsfield and Buck Reef West deposits.
The expansion was given prescribed project status in late 2016, allowing the independent Coordinator-General to help Resolute navigate government approvals and cut red tape.
Resolute is able to fast track production by using its existing processing plant and equipment, and Buck Reef West is expected to be in production by July, reaching full capacity by 2024.
The project joins $20 billion worth of resources projects approved under the Palaszczuk Government since 2015, creating 7,000 jobs for Queenslanders.
Ravenswood, 150km south-west of Townsville, has a rich mining history dating back to the gold rush and from its early production in 1868, it is a region which produced more than three million ounces of gold.
In its heyday in 1911, the town had 2,010 residents and 48 hotels. Today there are around 200 residents, two restored hotels and the town site is a national heritage area.