Poplar Grove improves Paringa's financial returns

PARINGA Resources’ inclusion of its Poplar Grove coal mine into an updated bankable feasibility study for its Buck Creek complex in the US Illinois Basin has significantly lowered the initial capital cost, reduced the development time to first coal and transformed its financial returns.

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Poplar Grove improves Paringa's financial returns Poplar Grove improves Paringa's financial returns Poplar Grove improves Paringa's financial returns Poplar Grove improves Paringa's financial returns Poplar Grove improves Paringa's financial returns

The Poplar Grove mine can be developed at a low capital cost of $US40 million for an initial 1.

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