re: Ann: JOINT VENTURE EXPLORATION AND DEVELO... from the...

re: Ann: JOINT VENTURE EXPLORATION AND DEVELO... from the stanmore coal annoucment today.


Highlights

Upgraded JORC Inferred Resource of 208Mt of open pit, export quality thermal coal at The Range project in the Surat Basin

Substantial increase from the initial JORC Inferred Resource reported in April of 117Mt

Washability tests to date point to a low ash thermal product with average ash levels of below 8% (adb) and Calorific Value in excess of 6,500 kcal/kg (adb)

30 holes now included in the geological model including 13 cored holes

Potential to extend the Inferred Resource further as additional coal has been intercepted to the east

Additional drilling has commenced with the aim of further increasing the Inferred Resource


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"Potential to extend the Inferred Resource further as additional coal has been intercepted to the east"
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stanmore's range project next is to the pev projects under JV. this is one of the reasons i got pev , the more coal smr find to the east of the lease is great for pev