U&D Coal ASX Code: UND U&D Coal has listed on ASX since 19th February 2014
Total JORC Resource Reaches 530Mt
Meteor Downs South Environment Management Plan has been approved
Broughton Project EPC818JORC Resource 41.5Mt. Currently under the process of Mining Lease Application
Rockwood JORC Resource 447.1Mt
The Broughton Project is the second advanced mine development project with development planned to commence in late 2015. Located immediately south of Rio Tinto’s Hail Creek operations within the Company’s EPC818 tenement.
The Broughton Project has a JORC Resource of 41.5 Mt of high quality coking coal. The finalised conceptual mine plan is for an open cut operation which utilises traditional truck and shovel operations with alternative and potentially more cost effective mining methods also being investigated.
Further optimisation studies will be undertaken during the course of 2014 to further ensure that the resource recovery is efficient and cost effective for the currently anticipated 15 year mine life.
The Meteor Downs South Project (MDS) is the most advanced near term development Project within the Company’s portfolio. Initially discovered in 2010, and following an extensive exploration program over the subsequent two years has delivered a total JORC resource of 16.82 Mt for the project, including 13.32 Mt at a JORC measured category.
Located 45km Southeast of the Central Queensland town of Springsure and 30km West North West of the Central Queensland town of Rolleston, the project is located within the Orion Downs tenement.
The project is well placed to existing infrastructure with the Dawson Highway located immediately to the north of MDS, the Rolleston mine rail loop only 7 km to the east and the Rolleston to Blackwater rail line 10 km east of the project.
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...