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. In order for project development to be linked to the coal export at Port of Gladstone, a new railway link is required to be extended between the Moura line and Wandoan area. Until there is certainty as to timing of the rail solution, Stanmore will continue with environmental monitoring and other on-site activities to maintain compliance with approvals. An environmental authority application and a mining lease application are currently on-foot.
A Coal Reserve was declared in June 2011 that demonstrated Marketable Reserves of 94.2 million tonnes.