The focus of the REP will be the Sarsfield, Nolans and Buck Reef West gold deposits, all of which have been mined previously. The deposits are hosted by diorite intrusives in the Silurian to Devonian aged Jessop’s Creek Tonalite Complex in the Ravenswood Batholith. In the Project area the Tonalite Complex includes units of diorite, quartz diorite and minor gabbro. Deposit types include sulphide quartz shear lodes (Buck Reef West and Sarsfield), narrow high grade veins (Buck Reef West and Sarsfield) and large quartz-sulphide vein stock-works (Sarsfield, Nolans and Nolans East).

The Ravenswood deposits, excluding Mt Wright, have produced over 3.4 million ounces of gold, from several phases of operation. Despite this, very little deep drilling has been undertaken, and a number of attractive exploration targets remain in the immediate vicinity of the current resources.

Mt Wright underground mine using Resolute’s pioneering sub-level shrinkage with continuous fill mining method.

The REP comprises mining operations in three separate open pits which include:
· Nolans East: A small pit is being developed at the eastern end of the present Nolans pit which involves a cutback of the eastern and northern walls
· Sarsfield: A cutback of the main Sarsfield open pit
· Buck Reef West: Excavation of new open pit. The area has previously been the subject of small scale underground and open pit mining.

The mining operations required for the development of the open pits comprise two
separate components:

· Dredging of tailings from the Sarsfield pit; and
· Conventional drill and blast, load and haul operations at Nolans East, Sarsfield and Buck Reef West.

Prior to the development of the Mt Wright underground mine, the Nolans Plant at the Ravenswood Mine treated approximately 5.0Mtpa of Sarsfield ore.

Test work and historical performance has demonstrated that the ore is amenable to beneficiation through the rejection of a “nominal” 50mm oversize after secondary crushing. Previous owners ran two extensive successful pilot programmes and Resolute has recently replicated this characteristic through the beneficiation of low grade stockpiles on site. At the current gold price and operating costs, it is viable to beneficiate material between 0.3 – 0.7g/t ore from Sarsfield and potentially Nolans East and Buck Reef West.

The Sarsfield, Nolans East and Buck Reef West ore all exhibit similar metallurgical characteristics, namely high recovery through milling to a P80 180µm followed by conventional processing through a gravity, oxygen enhanced CIP plant with a gravity circuit.