The Range project is located in the Surat Basin where exploration activity up to 2012 has identified a total JORC compliant coal reserve of 287Mt. Of this, 184Mt were within the indicated category.
A definitive feasibility study covering geology, mining, and cost structures confirmed The Range as a 5Mtpa high quality, export grade, thermal coal project. The focus continues supporting delivery of rail and port infrastructure. Until there is certainty as to timing of the rail solution, Stanmore will continue with environmental monitoring and other minor on-site activities to maintain compliance with approvals.
A Coal Reserve was declared in June 2011 that demonstrated Marketable Reserves of 94.2 million tonnes.