Resolute Mining Limited (ASX: RSG) – $1.150
21 Jun 2016
Resolute Mining Limited (ASX: RSG) will recommence mining of the Nolans East open pit at the Ravenswood Gold Mine located in Queensland.
Nolans East represents an extension of the historic Sarsfield-Nolans pit that was mined by the company up until 2009 prior to the commissioning of the underground mine at Mt Wright.
Figure 1. Sarsfield and Nolans open pit
The new mining operations at Nolans East will recommence in July 2016 and include the extraction of 2.7Mt at 0.8g/t gold at an average waste to ore ratio of 1.6:1 with mining over a 15-month period with expected completion in October 2017.
The recommencement of open pit mining at Nolans East will assist in maintaining production as the Mt Wright underground mine prepares for closure in 2017.
For further information, visit www.rml.com.au
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