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Evolution Mining is excited to announce the Board has approved a range of projects that will further enhance our portfolio and build our business for future growth, with key announcements at Northparkes, Ernest Henry and in our Discovery team.
Northparkes Operations, New South Wales
Northparkes is a well-established, long-life copper-gold mine and to realise the operation’s future growth potential, Evolution has announced:
The development of E22 will sustain Northparkes’s production profile and secure its future into the next decade. To complement this, the Coarse Particle Flotation project will help improve recovery and lift the performance of the mill. In addition, the Expansion Study will consider options available to increase our mill throughput.
Collectively, these projects will help Northparkes maintain cost competitiveness and preserve its position ahead of the global copper supply curve. It will draw on its established track record in block cave development and operation, using its existing infrastructure, experience and capability.
This cements Northparkes’ role in Central West NSW as a leading, sustainable copper and gold producer, a major local employer and proud community partner.
It also positions Northparkes to deliver meaningful benefits including long-term local employment, expanded local procurement through construction-based contractor opportunities, and indirect local and regional economic contributions.
This is an exciting time for Northparkes and the NSW mining industry.
Ernest Henry Operations, Queensland
We have been undertaking a Pre‑Feasibility Study to unlock additional value from Ernest Henry within the footprint of the site. The Bert Project has now been approved to progress to the execution phase with an approved capital investment of ~$160 million.
Bert has an estimated seven year mine life (FY29 – FY35). It will be developed by contractor partners with the ore extracted via conventional stope mining and delivered to the processing plant. This will make a valuable contribution to Ernest Henry’s mine life and, importantly, as a low-impact addition to existing operations.
Ernest Henry can unlock latent processing capacity, improve the flexibility of the mine plan and create extra value for our business – all without increasing the site footprint, disrupting our current operations or increasing operational complexity.
This approval demonstrates the commitment to build on the investment we’ve made to extend mine life since ownership. Ernest Henry is a valued asset in the Evolution portfolio, with clear potential for ongoing growth.
British Columbia, Canada
We have entered into a Sale and Purchase Agreement with Kootenay Resources to acquire the Two Times Fred exploration Project, comprising 13 exploration mineral claims covering 62km2 in central British Columbia. Two Times Fred is situated 30km southwest of Vanderhoof and lies on the lands of the Saik’uz First Nation and Skin Tyee First Nation.
We have also entered into an Option Agreement with Jim Dawson, a Vancouver-based geologist, for an option to acquire 100% of the Clisbako exploration Project comprising 14 exploration mineral claims covering 62km2 in central British Columbia. Clisbako is situated 110km west of Quesnel and lies on the lands of the Nazko First Nation, Lhoosk’uz Dene First Nation, and Tsilhqot’in First Nation.
British Columbia is host to many large, long‑life gold and copper mines, and the Stikine geologic terrane is highly prospective for epithermal gold-silver and porphyry copper-gold deposits. Securing these agreements supports our strategy of acquiring high‑quality exploration opportunities that, with successful drilling, could lead to production within 7 to 10 years.
Previous work at the Two Times Fred and Clisbako projects has outlined several compelling, epithermal gold targets that are drill ready. No Mineral Resources have been defined to date.
For more about this please read our ASX Announcement here.
