Evolution Mining FY24 Guidance Update
MT RAWDON PUMPED HYDRO -
A STRATEGIC ASSET
Up to 2GW
Up to 10 hours
of continuous
20,000MWh
storage
Showcase for
repurposing
generation
-
Significant Size: 2GW power for 10 hours a day – can power 2 million
homes during peak periods
Ownership: 50/50 JV with ICA Partners, an Australian leader in renewables
advisory
Fully Permitted Mine Site: 100% land ownership already secured¹ – strong
community support
Favourable Location: only 22km from main transmission lines to Brisbane
and Gladstone
Enviable topography: 550 metre head height² – key economic driver
-
ESG benchmark: blueprint for repurposing end of life mine site
Well Advanced: can be operational by 2030
Proposed
upper
reservoir
Underground
water
pipeline
Rehabilitation
Dam walls
550m head
Proposed
tunnel access
1.
Rights to land for upper reservoir
2.
Borumba: 330m, Kidston: 218m, Snowy 2: 700m, Big T: 260m, Bowen & Pioneer Burdekin: N/A
Lowest risk and cost of capacity pumped hydro project in Australia
Proposed
lower reservoir
(Mt Rawdon pit)
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