Projects
JORC Resources
MetroCoal holds major coal exploration tenements in the Surat Coal Basin covering approximately 3,500 square kilometres, and a total thermal coal resource inventory of 3.78 billion tonnes. This surpasses the company's 2009 Prospectus exploration target of between 2.5Bt and 3.5Bt of Inferred category for all tenements.
The coal in the Surat Basin is ideally suited to producing high-quality export thermal product. All of MetroCoal's Surat Basin projects contain thermal coal suitable for export at depths amenable to underground mining, with indicative quality making it appropriate for a wide range of customer uses. MetroCoal has had considerable success in all its key project areas with the most advanced projects being Bundi and the Columboola JV.
At Bundi, MetroCoal has established a coal resource estimate of 1.56Bt, comprising an Inferred Resource of 1.4Bt and an Indicated Resource of 150.9Mt. This puts the company on track for initial development to commence in 2015 with longwall production starting in 2017.
The Columboola JV has established an Inferred Resource of 1.297Bt of thermal coal. Drilling results continue to confirm a potentially economic and mineable Macalister Seam package within the Columboola Project Area. The timeframe is to start initial development in 2016 and longwall production in 2018.
With world energy demand for thermal coal growing, the company is well positioned to become a significant player in the global export industry with its high-quality underground resources.
|
Resource |
Norwood |
Bundi 1 |
Juandah |
Columboola 2 |
Dalby West 3 |
Total Resources |
|---|---|---|---|---|---|---|
|
Inferred Indicated |
156 Mt – |
1410.9 Mt 150.9 Mt |
224 Mt 24 Mt |
1297 Mt |
520 Mt
|
3607.9 Mt 174.9 Mt |
|
Total |
156 Mt |
1561.8 Mt |
248 Mt |
1297 Mt |
520 Mt |
3782.8 Mt |
- See MTE ASX Announcement 14 December 2011 – 230% Increase in Bundi Project Area Resource to 1561.8 MILLION TONNES
- See MTE ASX Announcement 18 November 2011 – COLUMBOOLA JV INCREASES RESOURCE BY 757 MILLION TONNES TO 1.297 BILLION TONNES
- See MTE ASX Announcement 9 December 2011 – DALBY WEST PROJECT – MAIDEN INFERRED RESOURCE OF 520 MILLION TONNES
# MTE JV share = 49%