First Coal at Isaac Plains Coking Coal Mine
Brisbane, April 6, 2016 AEST (ABN Newswire) - Stanmore Coal Limited (Stanmore or the Company) (
ASX:SMR) is pleased to announce that first product coal has been processed by the coal handling and preparation plant (CHPP) at the recently acquired Isaac Plains Coking Coal Mine.
HIGHLIGHTS
- First coal was processed through the restarted Isaac Plains wash plant today
- Achieved within the targeted timeframe for the restart of the mine (April)
- Logistic arrangements in place for first shipment early May
Nick Jorss, Managing Director of Stanmore, said "It is my great pleasure to announce the production of our first coal at the restarted Isaac Plains coking coal mine. First production marks a significant milestone for the Company and signifies our recent transition from explorer to producer.
We have a steady flow of run-of-mine (ROM) coal from mining operations and stockpiles to deliver the first shipments to our top tier Asian steel mill customers; the first of which is planned for early May.
This milestone represents the culmination of a significant effort by the Stanmore team. The Board would like to thank the employees, key consultants and contractors to the Company for their hard work as we enter the next exciting phase of growth for the business."
To view tables and figures, please visit:
http://abnnewswire.net/lnk/YPC08DRN
To view the presentation, please visit:
http://abnnewswire.net/lnk/I24WAD18
About Stanmore Coal Limited
Stanmore Coal (ASX:SMR) is an operating coal mining company with a number of additional prospective coal projects and mining assets within Queensland's Bowen and Surat Basins. Stanmore Coal owns 100% of the Isaac Plains Coal Mine and the adjoining Isaac Plains East Project and is focused on the creation of shareholder value via the efficient operation of Isaac Plains and identification of further local development opportunities. Stanmore continues to progress its prospective high quality thermal coal assets in the Northern Surat Basin which will prove to be valuable as the demand for high quality, low impurity thermal coal grows at a global level. Stanmore’s focus is on the prime coal bearing regions of the east coast of Australia.
| ||
|
