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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