Stanmore Coal Limited announced the declaration of a maiden JORC Reserve for it Isaac Plains Underground Mine at the Isaac Plains Complex near Moranbah in the Bowen Basin. The assessment of a JORC complaint Mineable and Marketable Coal Reserve was undertaken by the Competent Person at the conclusion of the Pre-feasibility work scope which was concluded in January 2018.
The Pre-Feasibility Study (PFS) used the structural geology interpretation from the 3D Seismic programme that Stanmore coal commissioned from Velseis during 2017. This enabled the mine plan to locate key extraction panels between the major faulting known to exist within the coal resource area. Two mining methods were assessed for the PFS, one based on the development of first working narrow pillars, and the second based on the “Duncan” method where larger pillars are developed initially but then during a retreat mining phase the pillar size is reduced thus extracting additional coal.
The annual production rate generated in the PFS was 1.2Mtpa of ROM coal, with an average annual yield varying within in the range of 71-74% to produce a mix of semi-soft coking coal and thermal coal with typical specifications as currently produced at Isaac Plains.
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