Mt Rawdon (100% Ownership)

The Mt Rawdon open pit gold operation is located 75km south-west of Bundaberg, Queensland and is surrounded by the traditional lands of the Byellee, Gooreng Gooreng, Gurang and Taribelang Bunda people who make up the Port Curtis Coral Coast native title claim group. Our local communities are Mt Perry, Gin Gin, Biggenden and Gayndah. Evolution has owned and operated Mt Rawdon since November 2011.

Mt Rawdon has produced over 50 tonnes of gold since the mine began operating and is a reliable contributor to our group production over the last eight years.

Total FY19 gold production of 94,647oz was just below the bottom end of the 95,000 – 105,000oz guidance range. The team at Mt Rawdon had to manage multiple pit wall stability issues as well as a major failure in the mill gear box
during the year. Achieved AISC of A$1,233/oz was above the top end of the A$1,000 – A$1,050/oz guidance. The miss on FY19 production and costs was predominantly driven by reduced access to higher grade ore in the open
pit as a result of the pit wall stability issues.

Full year mine operating cash flow was A$60.0 million. Net mine cash flow was A$31.6 million. FY20 guidance: 90,000 – 100,000oz at an AISC of A$1,210 – A$1,260/oz.

Despite these challenges the Mt Rawdon team are true innovators and consistently submit commendable “Act Like an Owner” nominations. At Mt Rawdon our people exemplify thinking differently when it comes to driving improvements to their operation from both a safety and production perspective.

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