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Evolution secures regulatory approval to extend Cowal

10th December 2024

By: Creamer Media Reporter

     

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Australia’s Evolution Mining has received regulatory approval from the New South Wales (NSW) Department of Planning, Housing and Infrastructure to extend operations at its Cowal gold operations until 2042.

The development consent includes the continuation of openpit mining at Cowal, the extension of the E42 pit, and the development of three additional openpits. Ore processing at the site will continue at a rate of up to 9.8-million tonnes a year. The associated mining lease has been extended until 2045.

Evolution MD and CEO Lawrie Conway described the approval as a critical milestone for the company and its stakeholders.

“The approval received today is an important milestone for Cowal and our stakeholders. Since acquiring Cowal in 2015, the operation has been a cornerstone asset for Evolution delivering material cash flows and high rates of returns, which will now enable its continuation to at least 2042,” Conway said.

He emphasised the economic and community benefits the extension will provide. “The extension of operations allows continued contributions to the local and national economies through employment, community advancement, payment of taxes, and royalties,” Conway added.

Evolution expressed gratitude to the NSW government for its support and the rigorous approval process undertaken for the project.

Edited by Creamer Media Reporter

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