EXPLORATION

Bowen to sell Comet Ridge for $100k plus royalties

BOWEN Coking Coal has entered into a binding Term Sheet with Springsure Creek Coal to sell its Comet Ridge project in Queensland in exchange for a $100,000 cash payment and a royalty stream of 1.25% of Free on Rail revenue from the first 2.8 million tonnes coal produced from Comet Ridge.

Bowen to sell Comet Ridge for $100k plus royalties

The Comet Ridge project, which was acquired from Acacia Coal in 2017, is located in the Bowen Basin at the southern end of the Comet Ridge Anticline, approximately 60 km east of Emerald and 8km west of...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.