In September the conceptual mining study confirmed the planned 5 million tonnes per annum open cut operation was both economic and technically viable for a mine life of 17 years.
“This is the first of our projects to reach the ML application stage and it is pleasing that this has been achieved well within our stated timeline,” Stanmore managing director Nick Jorss said.
“We will utilise the time up to the grant of the mining lease to conduct further studies and additional drilling to increase the level of confidence in the deposit.”
The project is wholly owned by Stanmore and contains 219Mt of inferred export quality thermal coal.
Meanwhile, more drilling is planned for the first quarter of 2011 at the company’s Mackenzie River project in the Bowen Basin.
This work will help underpin a conceptual mining study.
The project is next door to Aquila Resources’ Washpool project, with first coal production also expected in 2015.
Stanmore picked up 11 tenements as part of its acquisition of Comet Coal & Coke in September 2009.
Shares in the explorer closed down 1.5c to $1.26 yesterday.