Blackwood makes its mark with maiden resource
PERTH (miningweekly.com) – Junior coal explorer Blackwood has reported a maiden Joint Ore Reserves Committee- (Jorc-) compliant resource of 322-million tonnes at its South Pentland project, in Queensland.
The company also reported a maiden inferred resource of 51.8-million tonnes at the Broadmere area of the Taroom project.
CEO Todd Harrington said on Friday that the Jorc-complaint resource at the two project areas was a critical step in the company’s development.
“The results of our recent drilling campaign confirm the presence of a significant resource at our flagship South Pentland project, with prospects of further definition and increases. Further to this, we have also been able to establish a resource at Taroom.”
Harrington said the coal quality results at South Pentland had proven that the potential product was on par with other Galilee basin projects.
“Combined with the potential solutions from existing infrastructure, South Pentland continues to present an exciting and unique business opportunity,” he added.
Blackwood would continue the exploration programme at South Pentland with a view to upgrade the resource as quickly as possible, and to improve the data set for a future prefeasibility study.
The company would also assess its exploration options at Taroom, but Harrington noted that the company would deploy capital “astutely”, given the current rail delays in the region.
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