Ravenswood rolling on nicely

APPROVALS received, mine life extended and all-in sustaining costs down – not a bad report card for Resolute Mining’s Ravenswood Expansion Project in Queensland.

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Part of the expansion works at Ravenswood involve taking the process plant to 5Mtpa.

Getting those key mining approvals along with the extension of Mt Wright's mine life has allowed Resolute to reassess several elements of its Ravenswood expansion plan.

One key change is that Resolute has decided to owner-mine Ravenswood instead of engaging a mining contractor.

That means it will be spending about $66 million on mining fleet.

It has also gone for a simpler tailings management plan than first proposed, which will save it some money and give it more space in the pit.

Mt Wright was supposed to close in the middle of last year. Its scheduled closure has been stretched to the final quarter of 2018-19.

That extension, thanks to management of sub-level cave stope draw over several years, has given Resolute a bit of flexibility.

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