Xenith was pleased to assist Stanmore with further technical studies resulting in updated JORC estimates for their Isaac Plains mine during July and August

25 August 2017
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ASX Announcements:

Stanmore announces Updated JORC Resource for Isaac Plains Complex 

HIGHLIGHTS

  • Total JORC Resource has increased from 76.9Mt to 79.2Mt with a significant level (70%) as Measured and Indicated ResourcE
  • Total Resource includes the open cut and underground JORC Resource for the Isaac Plains mine (48.5Mt) and Isaac Plains East Project (30.7Mt)

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Stanmore announces JORC Reserve Increase for Isaac Plains Complex

HIGHLIGHTS

  • Total JORC ROM Reserve has increased by 8% from 15.2Mt to 16.4Mt
  • Open-cut mine life has increased to provide a mine life to 2029 that include the Isaac Plains East Project area and additional strips at Isaac Plains
  • Strip ratio at Isaac Plains East Project is significantly lower for the first 3 years than current open-cut operations at Isaac Plains
  • Additional coal quality drilling at Isaac Plains East Project displays improved coal rank and yield for semi-soft coking product relative to Isaac Plains

Source