Stanmore Coal Limited Stock Market Press Releases and Company Profile
Stanmore Coal Limited (ASX:SMR) Mining Lease Application Lodged for The Range
Stanmore Coal Limited (ASX:SMR) Mining Lease Application Lodged for The Range

Brisbane, Nov 9, 2010 AEST (ABN Newswire) - Stanmore Coal Limited (googlechartASX:SMR) is pleased to announce that it has lodged an application for Mining Lease (ML) and Environmental Authority application (EA) for its wholly owned The Range Project, located in Queensland's Surat Basin. The ML application follows on from the successful conceptual mining study which concluded the project is likely to be economically and technically viable. As previously announced, The Range Project contains a JORC Inferred Resource of 219Mt of export quality thermal coal. The ML (number 55001) has been lodged in the name of Stanmore Coal's 100% owned subsidiary, Comet Coal & Coke Pty Limited.

The lodgement of the ML and EA applications is in line with Stanmore Coal's timeline to reach first coal production in 1Q 2015.

Stanmore's Managing Director, Nick Jorss, stated, "This is an important step in the ongoing development of Stanmore Coal as a significant coal company. 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.

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. Meanwhile, work is continuing at Mackenzie River with additional drilling planned to be completed by the first quarter of 2011 to enable the commencement of a conceptual mining study at that promising Bowen Basin coking coal project. In addition we plan to drill up our other targets during 2011 with the aim of adding viable metallurgical projects into the production pipeline behind The Range and Mackenzie River."

About Stanmore Coal Limited

Stanmore Coal LimitedStanmore Coal (ASX:SMR) is an operating coal mining company with a number of additional prospective coal projects and mining assets within Queensland's Bowen and Surat Basins. Stanmore Coal owns 100% of the Isaac Plains Coal Mine and the adjoining Isaac Plains East Project and is focused on the creation of shareholder value via the efficient operation of Isaac Plains and identification of further local development opportunities. Stanmore continues to progress its prospective high quality thermal coal assets in the Northern Surat Basin which will prove to be valuable as the demand for high quality, low impurity thermal coal grows at a global level. Stanmore’s focus is on the prime coal bearing regions of the east coast of Australia.

https://www.linkedin.com/company/stanmore-coal-limited abnnewswire.com 


Contact

Mr Nick Jorss
Managing Director

Mr Duncan Cornish
Company Secretary and CFO

Ph: +61-7-3212-6222
Email: info@stanmorecoal.com.au

http://www.stanmorecoal.com.au


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