Australian Pacific Coal Limited (AU:AQC) has released an update.
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Australian Pacific Coal Limited reports a safe and on-schedule progression in its Dartbrook mine restoration, with the first coal production expected by August-September 2024 and sales to commence shortly thereafter. The company is also advancing negotiations for coal offtake and logistics agreements, with met coal analysis results due in Q3 CY2024. Despite substantial capital drawdowns for the restart, the company maintains healthy cash reserves at both the group and joint venture levels.
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