Cowal (100% Ownership)

The Cowal gold operation is a world-class, open pit gold operation located 350km west of sydney. It is situated within the Bland, Lachlan and Forbes Shires on the traditional lands of the Wiradjuri People. Mining approval has been granted until at least 2032 and this long mine life provides a runway to capture additional upside.

The site successfully hosted the Evolution and NSW Mine Rescue Challenges in West Wyalong which not only tested our emergency capabilities, but also saw participation from our local community. Guidance range of 235,000 – 245,000oz. FY18 AISC of A$877/oz was below the bottom end of the A$101.2 million. A number of mill throughput records were set and a lot of hard work and innovation ensured that the highest throughput for a financial year of 7,795kt was achieved in FY18.

The underexplored region offers immense untapped potential. Exploration delivered material resource growth of 1.35 million ounces of gold prior to mining depletion, settings us up for another strong year and helping to ensure our future at Cowal.

In FY19, our challenge is to assess mining and processing options to take this operation to the next level of production excellence aspiring to an annual production level of 300,000oz.

Blasting is undertaken on-site daily, generally between the hours of 11.00am and 3.00pm.

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