EXPLORATION

Sumitomo to tip another $2.5M into Hillalong

JAPANESE conglomerate Sumitomo is tipping another $2.5 million into the Hillalong project in Queensland after it deciding to proceed with Phase 2B of the Farm-In Agreement with Bowen Coking Coal.

The Phase 2B work program includes extra exploration drilling and firming up the resource.

The Phase 2B work program includes extra exploration drilling and firming up the resource.

Sumitomo will contribute to the mine's work program and may then exercise an option to acquire a further 5% interest in the Hillalong coal project, taking its interest to 20%. BCC will hold 80% interest...

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.