Digging coal out of the ground is not the same as selling it....

Digging coal out of the ground is not the same as selling it. However, the opportunities move to startlingly high levels within five years.

The announcement of Felix wishing to open a new open-cut mine at Ashton, NSW, would increase production far above the enthusiastic levels expressed by Felix this weekend.

Felix had forecast peak production at 18mtpa with Moolarben in full production and Yarrabee at full 2.8mtpa production (held back at present).
With increases at Ashton this could reach 23mtpa in five years, providing the coal could be sold. This figure does not include the mine at Harry Brandt, Wilpeena (North of Yarrabee, being drilled), Athena (560 million tonnes near Minerva, being explored), and the South Australian, 4 billion tonnes of sub-bitumous coal at Phillipson (also being explored for other minerals).

Providing economies recover and the coal from the above mines is in demand, then the future looks endless for Felix Resources.