Mungari (100% Ownership)

The Mungari gold operation is located 600km east of Perth and 20km west of Kalgoorlie in Western Australia on the traditional land of the Maduwongga People. Our local communities are Kalgoorlie and Coolgardie. The operation is a key asset in Evolution’s portfolio and consists of underground mining at Frog’s Leg, open pit mining at White Foil and a strategically located 1.6Mtpa process plant.

Total FY19 gold production of 120,535oz was below the bottom end of the 125,000 – 135,000oz guidance range. AISC of A$1,233/oz was above
guidance of A$1,050 – A$1,100/oz guidance.

Full year mine operating cash flow was A$63.9 million. Net mine cash flow was A$35.8 million.

FY20 guidance: 115,000 – 125,000oz at an AISC of A$1,230 – A$1,280/oz.

The operation has a major footprint in the world-class Kalgoorlie gold district with opportunities for highgrade discoveries to expand production and lower costs. The operation currently has a 10 year mine plan and an aspiration to lift annual production up to a sustainable 150,000 ounce profile. Opportunities currently being investigated to support this production rate include:
  • Un-constraining the crushing and leach circuit through data analysis to increase plant throughput to 1.9 – 2.0Mtpa
  • Ore sorting technology to deliver the highest grade to the processing plant
  • High-grade discoveries from an extensive regional
  • exploration program
  • Heap leach options
  • Data analysis of seismicity to identify potential mineralisation