Forbes phoenix issue 81 170217 email 2

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YOUR LOCAL WEEKLY WEATHER

Live Local, Love Local, Support Local

Friday 17 February 2017

ISSUE 81

COWAL PARTNERING PROGRAM APPLICATIONS CLOSE: TUESDAY 28 FEBRUARY 2017

GOLDEN FUTURE… The open pit of Cowal Gold Mine where mining started in 2005. The mine produced 238,000 ounces of gold last year.

Cowal Gold Will Glitter For Next 15 Years

The board of Evolution Mining Limited has approved a multi-million dollar investment in the Cowal Gold Operation to secure the life of the operation for at least the next 15 years. The investment of approximately $270 million at the mine near West Wyalong will increase total production by 1.2 million ounces, the company announced yesterday. The Board decision follows recent approval from the NSW Department of Planning and Environment to extend the life of Cowal by eight years to 2032. Executive Chairman Jake Klein said: “When Evolution purchased Cowal in July 2015, a key objective was to reinvigorate exploration with the aim of extending the mine’s life beyond its scheduled closure in 2024. We are delighted that the success of our recent drilling and regulatory approval

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has enabled us to deliver on this goal. This significant new investment will take place over the next four years, securing the longterm future of the Cowal Gold Operation and help provide job security for our local mine employees, contractors and suppliers.” The new investment will deliver two major projects, the E42 Stage H cutback and the Dual Leach project. The E42 Stage H Cutback will widen and deepen the existing open pit at a cost of $230 million. A further $35 to $40 million investment in the Dual Leach project will add an additional leaching circuit to the processing plant to increase gold production by up to 14,000 ounces per year. Cowal employs approximately 400 fulltime employees and contractors.

At Evolution mining, we understand the importance of building a relationship with our communities on a foundation of trust, mutual respect and genuine partnership. The Cowal Partnering Program (CPP) is one program that demonstrates our commitment to working together with the community to help them achieve their aspirations. Applications are now open for community based organisations seeking support for events and projects based within the Bland, Lachlan and Forbes Shires. If you would like further information about the Cowal Partnering Program, the eligibility of your project or to obtain an application form, please contact Evolution Mining’s Social Responsibility Team on 0437 426 184 or email community.cowal@evolutionmining.com.au.

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Forbes phoenix issue 81 170217 email 2 by Phoenix Group of Newspapers - Issuu