the latest announcement re the reserve icnrease is related to...

the latest announcement re the reserve icnrease is related to summer drilling activity to further define the resource


From the announcement:

1. Data collected from geotechnical drilling operations has demonstrated the feasibility of mining by open pit at a depth of greater than 300 m which has added 17 Mt of Probable Coal Reserves (ROM)

2. Exploration drilling to the north of the previously reported main Open Pit Resource area has increased the Indicated Coal Resources adding 7 Mt (ROM) of Probable Coal Reserves

3. Additional drilling and coal quality data collected from the OVB Seam has converted 10.4 Mt of Inferred Resource at an Ash quality of 42% to an Indicated Coal Resource of 9 Mt at an improved Ash quality of 36%. This has been included in the mine plan and has been included as part of the updated Coal Reserve


They aren't really focusing on drilling right now, and even if they were they'd get very little done in the Winter months. It's more about regulatory aprovals (working with local govt) and infrastructure at the minute.