PERTH (miningweekly.com) – Junior TerraCom is projecting revenues of A$178/t from its Blair Athol coal operation, in Queensland, during September.
The ASX-listed company told shareholders on Thursday that the project was expected to generate operating cash margins of more than A$100/t during this period, as it capitalized on the exceptional seaborne coal pricing.
“Based on economic forecasts, the indexes are expected to remain solid throughout 2022 and as a result, the company expects to generate strong operating cash flows from Blair Athol in 2022,” the company said.
The mine is operating at a 2.7-million-tonne-a-year production capacity, and has a Joint Ore Reserves Committee-compliant reserve of 45-million tonnes.