Eagle Downs is a large, high-quality and fully permitted metallurgical coal development project.
In September 2018 we completed the acquisition of a 50 per cent interest in the Eagle Downs metallurgical coal project and assumed operatorship with the other 50 per cent interest in the project held by Aquila Resources, a subsidiary of China’s largest steel producer, BaoWu.
Located approximately 25 kilometres south-east of the town of Moranbah in Queensland’s Bowen Basin, the project is an attractive development option within our growing portfolio.
We will now commence a final feasibility study which will seek to optimise the mine’s design and development.
Subject to the outcome of the feasibility study and receipt of requisite approvals, we intend to construct a multi-seam underground longwall metallurgical coal mine and processing plant with a dedicated rail spur and train loadout facility.
The project benefits from prior investment which has established infrastructure that may potentially support an accelerated development. In particular, dual 2km drifts were approximately 40% complete at the time of acquisition.
Prior work undertaken has indicated that the project has the potential to export 4.5Mtpa of coal (on average) from one longwall over the first 10 years of full production. Read the original announcement here.
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