A GOLDEN TRANSITION

EVOLUTION MINING'S MT RAWDON PUMPED HYDRO PROJECT IN QUEENSLAND IS AN EXAMPLE OF HOW A MINE CAN BE REPURPOSED TO BECOME A CLEAN ENERGY GENERATOR.

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Like the old saying goes, all good things must come to an end.

That is the case for Evolution Mining's Mt Rawdon gold operation in Queensland, which ceased mining operations during the September 2024 quarter.

Once the final ore processing is complete at the end of the 2024-25 financial year, Mt Rawdon will be converted into a pumped hydro project via a 50:50 joint venture between Evolution and ICA Partners.

The Mt Rawdon pumped hydro project is expected to provide up to 20 gigawatt hours of renewable energy storage - an amount equivalent to providing power for two million homes each day during times of peak demand, regardless of weather conditions.

According to feasibility studies that commenced in 2021, Mt Rawdon could be one of the most advanced, lowest capital intensive pumped hydro projects in Australia. The transition comes as Australia works to achieve net-zero by 2050.

Australian Mining explores how Mt Rawdon pumped hydro will work and its benefits.

What is pumped hydro?