PARINGA Resources’ expanded bankable feasibility study for its Poplar Grove mine in Kentucky, US, incorporates a second coal seam resulting in a 56% increase in mine production to 2.8 million tonnes from additional upfront capex of only $US5 million.
This would deliver a compelling 80% increase in net present value for the project to $310 million, according to the company. Paringa CEO Todd Hannigan said combined development of the permitted 2.8Mtpa...
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