JAPANESE giant Sumitomo has confirmed it will proceed with Phase 2 of the Hillalong Joint Venture with Bowen Coking Coal, following the successful exploration program of Phase 1 completed earlier in the year.
Sumitomo will be pursuing more exploration with Bowen Coking Coal joint venture partner.
Phase 1 resulted in a maiden JORC resource of 43 million tonnes and confirmation that the project could produce a low ash, high quality coking coal. Sumitomo can earn an additional 10% in the Hillalong...
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