Name of the Project
Eva copper project.

Location
Northwest Queensland, Australia.

Project Owner/s
Gold mining and exploration company Harmony Gold Mining Company.

Project Description
The project is high-margin, long-life asset.

The proposed low-strip ratio openpit development is expected to produce about 65 000 t/y of copper in concentrate during the first five years, with an expected life-of-mine (LoM) average production profile of about 60 000 t/y of copper and 19 000 oz/y of gold. 

This will be achieved by processing an average of 18-million tonnes a year of ore over its currently estimated 14-year mine life.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
In the base case, the project has an after-tax net present value A$445-million and an internal rate of return 11%, with a payback from the final investment decision (FID) of seven years.

Capital Expenditure
Project capital is estimated from $1.55-billion to $1.75-billion. The capital profile remains highly manageable, with expenditure phased over a three-year construction period.

Planned Start/End Date
First production is expected in the second half of calendar year 2028, subject to environmental authority amendments.

Latest Developments
Harmony has paused land clearing at the project after identifying a protected species. 

The species is a blue-tongued skink, a type of lizard, that is native to Australia, Indonesia, and New Guinea. There are 380 to 400 species of skinks in Australia, making them the largest family of lizards in the country, according to Australian Geographic.

Despite this, project execution continues to progress well. All long-lead equipment has been secured, major contracts have been awarded and the project is progressing in line with Harmony’s ordered approach to derisking and delivery.

Construction activities are continuing, including work associated with the process plant and related infrastructure.

Key Contracts, Suppliers and Consultants
ABB (GMD and RMD systema).

Contact Details for Project Information
Harmony Gold Mining Company, email HarmonyIR@harmony.co.za.