In a statement the company said it envisaged future production from the Baralaba mine, Baralaba North and Baralaba South project areas – subject to rail and port upgrades – as a key step in the realisation of its strategic goals.
“Detailed geological modelling and mine planning has incorporated the most recent drilling and coal quality results from late 2012,” Cockatoo said.
“This has resulted in significant uplift in reserves and resources for the Baralaba mine and Baralaba North projects.”
Baralaba mine and Baralaba North projects have marketable reserves of 33Mt while Baralaba South project has marketable reserves of 37Mt.
There is an increase of total JORC-compliant resources in the Baralaba mine complex by 3Mt to 346Mt comprising Baralaba mine and Baralaba North projects resources of 90Mt, Lochinvar project resources of 64Mt and Baralaba South resources of 192Mt.
The company's Bowen Basin projects extend from the Dingo project in the north to the Baralaba South project in the south and have contiguous target areas covering an area of approximately 56,320 hectares with Permian age, Rangal coal measures sub-cropping over a strike length of approximately 92km.
Production at the Baralaba mine has demonstrated that the seams of the Rangal coal measures in this area have pulverised coal injection and thermal coal properties.