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New Hope Corporation Limited ( (AU:NHC) ) has issued an announcement.
New Hope Corporation Limited has announced an update to its Coal Resources and Reserves as of May 31, 2025, following the JORC Code 2012 guidelines. The company reported an increase in resource estimates for the West Muswellbrook deposit due to a new geological model, while resources and reserves for Bengalla and New Acland were adjusted based on depletion. Exploration activities have been conducted at the Bengalla and New Acland sites, with further updates expected in 2026. The announcement underscores the company’s ongoing efforts to refine its resource estimates and enhance its operational capabilities in the coal industry.
The most recent analyst rating on (AU:NHC) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on New Hope Corporation Limited stock, see the AU:NHC Stock Forecast page.
More about New Hope Corporation Limited
New Hope Corporation Limited is a company operating in the coal industry, focusing on the exploration and production of coal resources. The company is involved in mining activities across several deposits, including New Acland, Bengalla, and West Muswellbrook, with a market focus on coal resources and reserves.
YTD Price Performance: -8.67%
Average Trading Volume: 2,231,642
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.64B
For a thorough assessment of NHC stock, go to TipRanks’ Stock Analysis page.