“Following the significant work carried out to date on the Elimatta thermal coal project, Northern Energy is now seeking third party investment in Elimatta,” Northern Energy managing director Keith Barker said.

“We believe that an investment in Elimatta would provide interested parties with a unique opportunity to develop, potentially operate and own a significant interest in a quality coal asset.”

In September, Northern Energy announced an increase in the total resource of the project in EPC650 to 244 million tonnes, including measured resources of 129Mt.

However, this update was not JORC compliant.