... Evolution Mining Limited (ASX: EVN) (‘Evolution’ or ‘the Company’) is pleased to advise that commissioning of theexpanded Mungari mill has commenced, with the project team handing over to the operations team. Commissioningis set to continue through the June quarter.
The project expands the Mungari process plant capacity from 2 million tonnes per annum to 4.2 million tonnes perannum.
The mill expansion project has been delivered nine months ahead of the original schedule with the currentestimated final cost of $228 million, now 9% under the original $250 million budget. This is an outstandingachievement by the project team.
Completion of the project enables the extension of Mungari’s mine life to at least 2038 and supports the operation’santicipated transition to an average annual production rate of ~200,000 ounces in the coming years. This representsa 50% increase on current production rates of approximately 135,000 ounces.
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