Expansion offers lifeline for Ravenswood

A feasibility study into the expansion of the Ravenswood gold mine, in Queensland, has extended the mine life by another 13 years, to 2029. Gold miner Resolute Mining said on Wednesday that the expansion project feasibility study estimated that average yearly gold production of 120 000 oz could be achieved, with the capital investment tipped at A$134-million for prestripping and staged processing plant expansion to five-million tonnes a year, from the 2.8-million-tonne-a-year capacity at the end of October this year.