Aquila Resources Limited has announced an upgraded Resource Statement for the Eagle Downs Hard Coking Coal Project in which the company has a 50% interest.
The project is located in the Bowen Basin in Central Queensland, immediately down dip from BHPB Mitsubishi Alliance’s Peak Downs hard coking coal mine. The Feasibility Study proposes an underground longwall mine, producing initially up to 4.6 mtpa and then up to 8 mtpa of hard coking coal when the second longwall is installed.
Highlights include:
Increase in Measured Resource to 340 mt.
The project mining plan in the Harrow Creek upper seam covering the payback period is now classified 90% as Measured Resource.
Measured and Indicated Resources have significantly increased to 518 mt and now cover 99% of the proposed life of mine plan.
