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Evolution Mining to advance Mount Carlton underground development

Evolution Mining Ltd. said Oct. 11 that it received board approval to progress underground development, stage-four pit cutback and relevant plant modifications at its Mount Carlton gold mine in Australia.

Mount Carlton has a mine life to at least 2025, and these projects will allow production from the higher-grade Link zone to be expedited.

The company believes that the initial underground reserve can be expanded, and once the underground development is in place, additional drilling will follow-up on several potential intersections.

The company plans to deliver the first ore from the underground development in 2021, subject to the regulatory approvals.

CapEx was estimated at about A$60 million for the underground development and plant modifications.