Xenith is pleased to announce that Andrew Knuckey has agreed to join our team in the key role of Manager Advisory.

Andrew will bring his highly accomplished set of skills and experience across operational management, finance and corporate advisory to Xenith, and will assist us to deliver our strategic plans over the next few years.

Andrew is a recognised resource industry expert and top ranked resource sector financial analyst by leading Australian Institutional Investors.

Andrew will join us in early September from his current role as Director, Corporate Value Advisory with PwC Australia.

Andrew’s comprehensive twenty-year mining industry career with leading contractor organisations and global mining house Anglo American, including a three-year secondment to the London corporate headquarters, is complimented by eleven-years resource sector specialisation in the banking and financial advisory industry.

Xenith Managing Director Troy Turner added that “we are very excited to have Andrew joining the Xenith team. I will be working with Andrew to strengthen our client relationships, especially in the areas of strategic planning, expert witness, M&A and change management”.

ENDS

The board of Xenith is pleased to announce that Mark Gregory has officially joined as a Non-Executive Director.
Mark will bring new set of skills to Xenith, and will further assist us to deliver our strategic plans.
Mark has a Bachelor of Business (accounting) and is accredited CPA.
Mark has had a wide ranging career in Mining, Mining Services, Property and Media businesses at CEO and Director levels, within both publicly listed and private corporate environments.

We welcome Mark to the Xenith team.

The township of Moranbah in Queensland’s Central Highlands is now 50 years old.

19 November 2019

It is half a century since the initial Moranbah township feasibility study commenced so Moranbah has reached a major milestone. The following extract from the Moranbah Township Feasibility Study of October 1969 provides a brief insight into Moranbah’s humble beginnings as a ‘frontier town’.

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Xenith was pleased to assist Bounty Mining with their Life of Mine Planning and JORC Resource and Reserve estimates for the Cook Mine.
With these studies completed in July 2019, Bounty have been able to plan for an increase in production rate using the Place Change Bord and Pillar mining method. (more…)

Xenith’s Managing Director Troy Turner was interviewed by The Australian newspaper.
The article attached was included in a 10 page special report.
The special report was focussed on the significant contribution the Australian coal industry is making in regional Australia, as well as State and Federal governments with taxes and royalties.

Click here to download the article.

Recent work for Bowen Coking Coal and Whitehaven Coal:

Bowen Coking Coal

Highlights for the Isaac River project near Moranbah

• Maiden Resource estimate of 5.3Mt for the Leichhardt seam of which 4.2Mt is classified as Indicated, and 1.1 Mt as Inferred
• The entire Indicated Resource estimate is based on open cut assumptions
• Exploration target identified for the Leichhardt Lower, Vermont and Girrah seams

Source

Whitehaven Coal

Highlights for the Winchester South project near Moranbah

• Following the receipt of all the data from the previous owners, Whitehaven Coal Limited engaged Xenith Consulting Pty Ltd to generate a Coal Resource Estimate in accordance with the JORC Code 2012, for the Winchester South Project.
• The project is contained within the tenement MDL 183, which is located approximately 30 kilometres south-east of Moranbah, near the main mining precinct of the Bowen Basin.
• Several drilling programmes have been conducted over the tenement (~1,250 holes) by the previous owners over a period from the early 1980’s until 2014. The drilling was supported by several 2D seismic lines (~60 kilometres), and extensive coal quality testing providing sufficient data for a robust geological model of the deposit.
• The modelled seams are in the Rangal and Fort Cooper Coal Measures which sit stratigraphically above the Moranbah Coal Measures within the Bowen Basin. Three seams have been modelled and then estimated for the JORC Resources – Leichhardt, Vermont Upper and Vermont Middle/Lower.
• Coal Resources now total 530Mt, comprising 130Mt in the Measured Category, 300Mt in the Indicated Category and 100Mt in the Inferred Category.

Source

In February 2018, following various reviews and extensive consultation, the Queensland Government introduced the Minerals and Energy Resources (Financial Provisioning) Bill 2018. The Bill provides for significant changes to the financial assurances framework and amendment to the Environmental Protection Act (EP Act) to implement rehabilitation reforms including progressive rehabilitation and closure plans. Recent cases of resource companies unable to complete their rehabilitation activities have highlighted to the Government issues with the financial assurance framework.

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Congratulations Simon Bruzzone from Queensland Coal Investments (QCI), for first place in this year’s NRL tipping competition. Simon finished the season on a total of 168 points followed by Xenith’s own Tim Mayes on 164 and Josh Hill (HHNA) on 160.

Thank you to all of our clients and colleagues who joined us in this year’s competition. We look forward to some more banter in 2018!

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Xenith have been engaged by Sindh Engro Coal Mining Company (SECMC) to provide JORC Compliant Coal Resource & Reserve Estimates on the Thar Block II Coal project in the Tharparkar district in Sindh Province of Pakistan.

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The Queensland Government “Ignite Qld Fund” awarded Xenith a financial grant in April 2017 to continue its research and development of Xencrete. Xencrete is a concrete substitute composed of contaminants found in waste water produced in the production of Coal Seam Gas (CSG).

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