Stanmore acquires Wotonga South

STANMORE Coal has executed definitive agreements with Peabody subsidiary Millennium Coal to acquire the Wotonga South coking coal mining and exploration leases adjacent to its Isaac Plains operations in Queensland in a $40 million deal.

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Stanmore acquires Wotonga South Stanmore acquires Wotonga South Stanmore acquires Wotonga South Stanmore acquires Wotonga South Stanmore acquires Wotonga South

The dragline at Stanmore's Isaac Plains mine in Queensland.

The Wotonga South deposit has a coal resource of 22.8 million tonnes.
 
The tenements will provide Stanmore with the right to develop an open cut mining operation with the ability to extract about 15Mt-20Mt of coal and significantly extend the life of the Isaac Plains complex.
 
This coal will be earmarked for Stanmore's Isaac Plains South project, which is to be developed and the new tenements will be amalgamated with Stanmore's EPC755, which holds significant potential for coal resources additional to Wotonga South.
 
The deposit will support an eight to 10-year mine life and has the capability to produce semi-hard coking coal, a mid-volatility pulverised coal injection product, as well as a ra...