MANAGEMENT

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.

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

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 quarter....

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