Stanmore Resources Updates Reserves for Isaac Downs Extension

Stanmore Resources Ltd ( (AU:SMR) ) just unveiled an announcement.

Stanmore Resources Limited has released an updated Reserves Statement for its Isaac Downs Extension Project, confirming 52 million tonnes of ROM coal reserves, which includes 34 million tonnes of marketable coal reserves. The project is expected to have a lifespan of over 20 years, producing up to 4 million tonnes per annum, and benefits from existing infrastructure, requiring low capital investment. The declaration of reserves under the JORC Code is a significant milestone, enhancing confidence in reserve definition and maximizing shareholder returns.

More about Stanmore Resources Ltd

Stanmore Resources Limited is a company involved in the mining industry, focusing on metallurgical coal. The company is listed on the Australian Securities Exchange (ASX) under the ticker SMR and is engaged in projects that involve the exploration and extraction of coal resources, particularly in the Isaac Downs Extension Project.

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