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The Broughton Coal Mine Project (Broughton Project) forms part of the Company’s near term Greenfields project portfolio.
Situated 30km northwest of Nebo and 100km southeast of Mackay, Queensland, within MLA 70511 the project has a total JORC Resource of 120.9 million tonne (Mt), comprised by 17.8Mt Measured Resource, 11.1Mt Indicated Resource and 92Mt Inferred Resource.
The Pre-Feasibility Study, currently being finalised, focuses upon extracting the Hynds and Elphinstone Seams totalling approximately 30 million tonnes of minable reserves. Further geological works are planned to increase open cut resources to measured status and increase coal quality understanding. The Broughton Project has estimated operational commencement date to occur during 2017.
The Meteor Downs South Coal Mine Project (MDS Project) is U&D’s advanced near term mining project. The MDS Project has a 13 million tonne (Mt) Marketable Reserve. The MDS Project is the Company’s first mining project and will see the Company move from Developer to Producer status.
MDS Project Approvals, including Environmental Authority, Federal Government Approval and Regional Interests Development Authority, have been obtained. The Company is now in the process of finalising the Mining Lease Grant during 2015.
On the basis of extensive geological investigation and assessment processes the predicted production rate is anticipated to be up to 1.5mt per annual of export grade thermal coal, which will be of direct to market quality.
U&D Coal Limited is a listed company on ASX (ASX Code: UND). The Company’s objectives are to engage in the acquisition, exploration, development and operation of coal mines focused solely on the Bowen Basin, Queensland. With 31 tenements across approximately 4903 km2, it has one of the largest landholdings in the Bowen Basin region. read more...