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Capital Drilling Plc

Resolute Mining gains ground for expansion at Ravenswood gold mine

ASX-listed Resolute Mining states the Queensland Government has approved nine new gold mining leases over areas which will support the Ravenswood Expansion Project (REP).

The new leases include areas within the operational footprint of the proposed Buck Reef West open pit and nearby land required for infrastructure including roads, water management and noise bunding.

Resolute continues to progress its strategic review of the REP. The review is exploring technical enhancements to the previously published REP study.

Capital Drilling (LON:CAPD) provides specialised drilling services to mineral exploration and mining companies in emerging and developing markets, for exploration, development and production stage projects. The Company currently owns and operates a fleet of 91 drilling rigs with established operations in Botswana, Côte d’Ivoire, Egypt, Ghana, Kenya, Mali, Mauritania and Tanzania. The Group’s corporate headquarters are in Mauritius.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.