Eva Copper Mine Project

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  • GOLD:$2 622/oz -0.05%
  • GOLD:R1 543 594/kg -0.1%
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  • At 17:44pm, 21 Dec 2024

Overview

The Eva Copper Mine project has the potential to be transformational for Harmony.

Harmony acquired 100 per cent of the project and 16 exploration tenements in December 2022, extending Harmony’s diversification into copper, a future-facing metal critical to the energy transition.

The Eva Copper Mine project is an iron oxide copper gold resource poised to become the largest copper mine in North West Queensland, Australia. It is located on the traditional lands of the Kalkadoon People, 75 kilometres north of Cloncurry and 95 kilometres north-east of Mount Isa.

Since acquiring the project, Harmony has identified opportunities to enhance the asset and its contribution to stakeholders, including through the introduction of renewable power and an optimised design that could potentially deliver greater production volumes.

The project has the potential to be a long-life conventional open pit mine with copper concentrator producing a highly saleable copper concentrate.

Engaging our stakeholders

Harmony is committed to building relationships and engaging with local communities, stakeholders and suppliers. Eva Copper Mine Project has the potential for large-scale, long-term investment in jobs, training, local supply and procurement.

  • We continue to build collaborative relationships with the Kalkadoon Traditional Owners and other First Nations, focused on respecting culture and creating employment and business opportunities.
  • We aim to buy local and hire local where possible to help grow the region’s economy as we grow our presence in the North West.
  • We have completed a Local Business Capability Assessment Campaign to identify opportunities for local suppliers to benefit from the project.
  • We are actively building relationships and consulting with landholders to effectively manage our shared land use.
  • We have opened a Community Hub in Cloncurry, and our growing team of local employees maintains our connection to the community, landholders, and other key stakeholders.

Resource at 30 June 2023

  • Resources: 8.1Moz
  • LoM: 18 years

Outlook for 2024

Harmony is reviewing the project’s feasibility study and detailed design to optimise the project. The Feasibility Study Update will outline the most effective execution and financing approach to bring the mine into production, with construction expected to take two to three years.