Gold miner Evolution Mining will invest a further A$4-million at the Drummond gold project, in Queensland, after taking the decision to commit to the second stage of funding at a joint venture with ASX-listed Andromeda Metals.
Evolution last year struck an earn-in and joint venture (JV) agreement to earn an initial 51% interest in the project by making a cash payment of A$300 000 to Andromeda and spending A$2-million on exploration over a two-year period.