June 2016 Quarterly Report
Brisbane, July 20, 2016 AEST (ABN Newswire) - Stanmore Coal Limited (
ASX:SMR) are pleased to provide the Company's June 2016 Quarterly Report.
Highlights:
- Official re-opening of mine with Queensland State Premier and other key stakeholders
- First coking coal produced and shipped from Dalrymple Bay Coal Terminal - a total of five shipments completed during ramp up in the June Quarter
- Term contracts signed for 900,000 tonnes of coking coal with major Japanese and Korean steel producers
- Highwall mining operations commenced targeting previously uneconomical open cut coal from the disused S2 pit
- Open-cut mine life expanded from 3 years to over 10 years1 for Isaac Plains Complex:
- Total JORC Reserve2 tripled from 5.0Mt to 15.3Mt
- Total JORC Resource2 more than doubled from 30.1Mt to 76.9Mt (Measured 15.2Mt, Indicated 41.7Mt, Inferred 20.0Mt)
- Clifford resource increased from 370Mt to 620Mt2 (Indicated 190Mt, Inferred 430Mt)
To view tables and figures, please visit:
http://abnnewswire.net/lnk/B5IG41MQ
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.
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