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Aquila ships first coal

AUSTRALIAN junior Aquila Resources has made its inaugural coal shipment from its Isaac Plains opencut mine in central Queensland’s Bowen Basin.

Angie Tomlinson
Aquila ships first coal

The Isaac Plains project – a 50:50 joint venture with AMCI Holdings Australia – exposed first coal via a box cut in early July. The mine is expected to produce 2 million tonnes over a mine life of 10 years.

Aquila said the milestone provided it with cash flow to fund other projects within its portfolio in Australia and Southern Africa.

Aquila currently has several other coal developments lined up with exploration progressing at its 50%-owned Belvedere and Peak Down East underground projects in Queensland.

Aquila closed trading on Friday at $A6.50.

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