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Paringa declares maiden resource at Buck Creek

4th November 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – ASX-listed Paringa Resources has reported a maiden resource of 154-million tonnes at its Buck Creek thermal coal project, in the US.

The company noted that 88% of this resource was classified as measured and indicated.

“The maiden coal resource is the first step in consolidating one of the largest undeveloped coal deposits in the region. The size of our initial coal resource allows us to commence our scoping study to determine potential production scenarios and economics,” said Paringa CEO David Gay.

“We are excited to progress this project towards production in this highly profitable coal region, which can serve both the US and international thermal coal markets,” he added.

Edited by Creamer Media Reporter

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