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Last month the company announced a resource increase at Minyango of 17% to 240 million tonnes, as well as raising the resource to a JORC standard.
Caledon's entire resource inventory, including resources at the nearby Cook mine, now amount to more than 366Mt of coking and thermal coal (JORC).
Caledon CEO George Salamis said in-fill and step-out drilling would be commencing at Minyango in the coming months.
Salamis said the Minyango acquisition complements the company’s long-term strategy of becoming a significant participant in the global seaborne coking coal market and presents a significant growth opportunity.
