Roadway development teams recently successfully negotiated through the Block Fault Zone, a known faulted zone that had caused some anxiety for Resource Pacific.
Headings were driven for a further 100m beyond this zone and confirmed no unexpected geological features for the New South Wales operation. In addition, a horizontal exploration longhole of 400m confirmed coal seam continuity. The company said this would allow future development of mains and gateroads to continue according to schedule.
The new longwall is scheduled to commence in January 2007 and manufacturing of the longwall equipment has started at DBT’s German workshop.
The refurbishment of the Ravensworth Coal Preparation Plant and construction of new ROM and product coal stockpiles, being undertaken by Roche Mining, is in the initial stages.
Additional excavation and preparation of footings for the new conveyor system are complete, in preparation for the installation of a new conveyor drive unit and 1.5m wide conveyor belting.
The new ventilation shaft is also on schedule with a new fan to be commissioned in February.
The company said these developments had taken priority over bord and pillar operations, restricting production and resulting in the need to buy in other coal. Meeting sales contracts will be important to the success of the longwall, Resource Pacific said.
The company funded the $8.3 million coal purchase through the $18 million raised in the July capital raising. It does not expect to make any additional coal purchases.