Stanmore launches PFS at Belview
PERTH (miningweekly.com) – Coal developer Stanmore Coal would launch a prefeasibility study (PFS) into its Belview coking coal project during the second half of the year, after positive results from its concept mine study.
The study considered a 3.5-million-ton-a-year run-of-mine project, producing coal from a single underground longwall operation. The start-up capital for the single longwall project had been estimated at some A$869-million, with a life-of-mine expectancy of 64 years.
The addition of a second longwall unit would cost an additional A$529-million and would increase production to seven-million tons a year.
The study was currently based on a 95-million-ton Joint Ore Reserves Committee-compliant resource, with an exploration target of between 735-million and 1.1-billion tons.
Stanmore would this year also conduct further exploration work and geological modelling to improve resource confidence.
“Belview is a promising coking coal project which demonstrates strong project economics on a single longwall basis and significantly greater net present value on a dual longwall basis,” said MD Nick Jorss on Wednesday.
“The Belview study demonstrates a long life, high quality coking coal project in an environment where the identification and development of new generation, high quality coking coal projects remains challenging.”
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