Bowen Coking Coal has upped the resource estimate for its Burton North and South pits in Queensland to 110 million tonnes.
The new estimate is an increase of 72 per cent, with 99 million tonnes classified in the measured and indicated categories.
“The inclusion of the unmined and down dip Burton coal seam within the previously mined Burton North and South pits increases the total coal resource for Burton Downs deposit by 72 per cent and provides future optionality given its close proximity to the Burton CHPP (coal handling and processing) plant and infrastructure and could become a further target (for the) company’s growth strategy,” Bowen chief executive officer Daryl Edwards said.
The Burton Complex is located 160km west of Mackay, and 50km south of Bowen’s Hillalong project in the northern part of the Bowen Basin.
Bowen announced a new non-executive director this week in Malte von der Ropp in a move strongly endorsed by the company’s major shareholders.
“The company is very pleased to welcome Mr van der Ropp to the Bowen board,” Bowen executive chairman Nick Jorss said.
“Given his broad experience, he will also be a welcome addition to the company’s Audit and Risk Management and Nomination and Remuneration Committees.
“We intend to continue to refine our board with suitably qualified personnel with experience across all aspects of Bowen’s business to build shareholder value.”
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