Ravenswood Extension Project Given Green Light.

Ravenswood Extension Project

There are more mining and construction jobs to come in North Queensland, with the $167 million Ravenswood Extension Project given the go-ahead.

A surge of mining and construction jobs are on the cards in North Queensland with the go-ahead of Resolute Mining’s $167 million Ravenswood Extension Project. The Ravenswood gold mine is located 95 km south-west of Townsville and 65 km east of Charlie's Trousers (Charters Towers).

 

Imperial Hotel Ravenswood Workers will be stoked with the local Imperial Hotel.

 

Construction workers are going to be pulled from the surrounding local areas including Charters Towers, Ayr, Home Hill and Townsville most likely on a drive-in-drive-out (DIDO) basis. This news will be music to the ears for Townsville who have a tonne of employees, thanks to the former winner of iSeekplant's Muppet of the MonthClive Palmer's calamitous Yabulu Nickel Refinery closing down. We're sure the workforce will also be pleased with Ravenswood's two famous pubs the Railway and the Imperial, who will surely be doubling their stock of XXXX Gold. No doubt they’d also be getting new flat screens for the Cowboys games to prepare for a growth in the number of patrons wearing Hi-Viz.

The final milestone for the expansion was welcomed today by the Minister Assisting the Premier of North Queensland, Coralee O’Rourke,

“I particularly want to recognise Resolute for its commitment to employ people from within 150 km of Ravenswood which means jobs for locals in Charters Towers, Ayr, Home Hill and Townsville,” she said. "The State Government is absolutely committed to creating jobs for Queenslanders and this is an example of working with industry to achieve this."

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The expansion is pegged to extend the life of the mine by 13 years, generating 100 new construction jobs for the region and ensuring 280 existing mining jobs continue.

Resolute was granted prescribed project status for Ravenswood in December 2016, which means the independent Coordinator-General can help Resolute navigate government approvals and cut red tape, as described by Minister for State Development, Dr Anthony Lynham.

 

Ravenswood Extension Project Ravenswood Extension Project. Image Source: Resolute Mining Limited.

 

Resolute’s existing Mount Wright underground mine is due for closure in 2018. The Ravenswood expansion proposes a long-life large-scale come back to open pit mining at the Sarsfield and Buck Reef West deposits.

The company conducted a feasibility study in September 2016, which confirmed a return to open pit mining could extend the mine life to 2029, and increase Ravenswood's average annual gold production from 100,000 ounces to in excess of 120,000 ounces.

The historic gold-mining town Ravenswood once produced nearly 900,000 ounces of gold during the 1868 - 1948 boom.

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Sources: Government of Queensland, Resolute Mining Limited, Fairfax Media

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