Ravenswood acquisition marks Resolute's homecoming

RESOLUTE Mining is to buy the 200,000 ounce per annum Ravenswood gold project in Queensland from Xstrata for US$45 million in a deal which heralds a return to home soil for the African-focussed gold miner.

Ravenswood acquisition marks Resolute's homecoming Ravenswood acquisition marks Resolute's homecoming Ravenswood acquisition marks Resolute's homecoming Ravenswood acquisition marks Resolute's homecoming Ravenswood acquisition marks Resolute's homecoming

For its money Resolute gets a low grade, relatively high cost 4.5 million tonne per annum operation that has at least six years of reserves inside total resources of more than 2.7Moz.

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