AQA 0.00% $3.37 aquila resources limited

232 percent increase in coal reserves

  1. 272 Posts.
    Isaac Plains Coal Project: 232% Increase in ROM Reserves



    Aquila Resources Limited (“the Company”) is pleased to announce a 232% increase in the run-ofmine
    Coal Reserves of the Isaac Plains Coal Project, in which the Company and Companhia Vale
    do Rio Doce (VALE) each have a 50% joint venture interest.
    The Isaac Plains Coal Project is located approximately 7 kilometres south east of the town of
    Moranbah in the Bowen Basin region of central Queensland. It is comprised of the Isaac Plains
    North and Isaac Plains South coal deposits, separated by a distance of approximately 15
    kilometres. Mining operations were initially commenced at the Isaac Plains North deposit in late
    2006 at an initial production rate of 1.2Mtpa and included the construction of coal processing
    facilities and associated power, water, road and rail infrastructure.
    It is proposed that the Isaac Plains South deposit be developed later this year, subject to
    completion of regulatory approvals, as part of the Integrated Isaac Plains Project which involves
    mining operations at both deposits using a combination of truck and shovel and also dragline
    methods, with processing and railing occurring at the existing Isaac Plains North facilities. The
    expanded project area is shown on the attached locality plan.
 
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