Waratah chief executive Peter Lynch and company chairman Nick Mather accepted the award Thursday night from Queensland Department of Mines and Energy deputy director-general Stuart Booker.
“For a relatively young company like Waratah to receive this award is a tremendous recognition of our accomplishments,” Lynch said.
The company this year announced plans for a $A5.3 billion coal project in the Galilee Basin in central Queensland.
Waratah’s exploration to date has delineated more than 4 billion tonnes of inferred thermal coal resources.
The proposed large-scale mine would be linked to a new coal terminal on the central Queensland coast by a railway line which would be open to third-party users.
Waratah’s Galilee Basin project has been declared a significant project by the Queensland government.
Brisbane-based Waratah is listed on the Toronto Stock Exchange and plans to list on the Australian Securities Exchange on November 7.