Evolution investing in exploration

Gold miner Evolution Mining has struck two new earn-in agreements over early stage exploration projects in both Queensland and Western Australia, worth a potential A$30-million combined.

Evolution has entered into an earn-in agreement with fellow-listed Musgrave Minerals over the Lake Austin portion of the Cue project, in Western Australia, under which the gold miner could earn a 75% interest in the joint venture (JV) by spending A$18-million over a five-year period.