Resources

Lease

JORC Resources (Millions of tonnes)

 

Measured and Indicated

Inferred

Total

EL7429 (Spur Hill)

394

232

626

EL5460 (Maxwell)

670

100

770

Total

   

1,396

…Also potential additional resources that will be subject to ongoing exploration.

  • The substantial resource inventory provides Malabar with multiple options and flexibility.
  • Due to;
    • the proximity of the Maxwell underground lease (EL5460) to the existing Maxwell Infrastructure, and;
    • extensive data (particularly geological and geotechnical) within the core of EL5460,
  • Then…
    • our initial Development Application (DA) will be for an underground mine within EL5460 with the underground entry in the north.
    • whilst this DA is being assessed Malabar will continue to enhance our geological understanding of the zone where EL5460 meets Spur Hill (EL 7429) so that we can optimise the development of Spur Hill.
  • This strategy ensures;
    • the shortest time to full employment and first underground coal, and
    • A long project life as additional reserves are brought into production from Spur Hill.