What makes Stanmore Coal Different?
ASX metallurgical investment opportunity coal
Stanmore Coal offers an attractive entry point into the coal sector in Australia as an established independent producer of metallurgical coal.
Stanmore acquired the Isaac Plains Coal Mine in 2015 for $1 consideration.
First coal revenue from the Isaac Plains Mine was recorded in June 2016.
Stanmore Coal also holds diversified portfolio of development and exploration properties across projects which host coking, thermal and PCI coal.
All projects are situated in Queensland’s Bowen and Surat Basins, which produce some of the world’s best coking, PCI and thermal coals.
Isaac Plains Coal Mine – metallurgical coal focus
Isaac Plains is a metallurigcal mine located in the prime coking coal region of the Bowen Basin, Queensland.
The mine was placed under care and maintenance by former owners in 2014. Stanmore Coal recommenced mining in February 2016 with first product coal in April and first coal shipped in May 2016.
Mining currently at a rate of 2.9Mpta ROM with Golding Contractors Pty Ltd appointed as the Principal Contractor under a mine services agreement contract.
The mine produces a primary coking coal with some secondary thermal coal by-product, with product coal being exported to key customers in the steel manufacturing industry.
Isaac Plains East Project
The Isaac Plains East Project (formerly Wotonga Project) was acquired in 2015. The project is located adjacted to the east of the Isaac Plains Coal Mine.
Given the proximity to the Isaac Plains Coal Mine, the capital required to develop Isaac Plains East is significantly reduced with existing process plant and rail loop access readily in place.
Operations at Isaac Plains East commenced in June 2018 and in December 2018 the Dragline was transferred from Isaac Plains to Isaac Plains East.
Projects close to export infrastructure
Stanmore Coal’s Bowen Basin tenements are located near rail infrastructure which provides access to the export ports at Gladstone and Dalrymple Bay
Significant exploration upside
Portfolio of over 2,000 km2 of highly prospective, granted exploration tenements which sit within Queensland’s prime Bowen Basin and developing Surat Basin coal regions.
The Belview Project is a prospective high quality coking coal project in the Bowen Basin, containing a JORC Resource of 330Mt (50Mt Indicated and 280Mt Inferred.
The Range Project is a high quality thermal coal asset located in the Surat Basin. A Feasibility Study, completed in April 2013, confirmed the technical and economic feasibility of the project. A 94Mt Marketable Coal Reserve1 underpins infrastructure investment required.
Highly experienced board and management focussed on growth
The Board and management team have a proven track record in the identification, exploration, development and operation of coal assets in Queensland and NSW; as well as the formation of a number of successful coal and coal seam gas companies.
The Board and management of Stanmore Coal have a successful track record in mergers and acquisitions which will complement Stanmore Coal’s planned corporate growth strategy.
Stanmore Coal believes it can enhance shareholder value through the identification and delivery of logical acquisitions such as the Isaac Plains Coal Mine, acquired in 2015, with no dilution to the existing shareholder base.
Website Footnote References
- Marketable Reserves Note – The Marketable Coal Reserves of 94Mt is derived from a JORC compliant run of mine (ROM) Coal Reserve of 117.5Mt based on a 14.8% ash product and predicted yield of 80%, published in October 2012.
- Yield Note – Note all yields and ash results reported include fines and exclude mining losses and dilution.