AusPac down to its last $560k

AUSTRALIAN Pacific Coal has only $560,000 left in cash reserves to keep the Dartbrook mine in New South Wales in care and maintenance and lobby the state government to modify a decision on the approval of the underground project.

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AusPac down to its last $560k AusPac down to its last $560k AusPac down to its last $560k AusPac down to its last $560k AusPac down to its last $560k

AusPac’s principal focus of the appeal is obtaining an extension of mining under the existing Dartbrook development consent.

The company revealed it had already spent $210,000 to progress the modification appeal, $930,000 on care and maintenance holding costs, and $380,000 on corporate administration during the September