Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Consolidated Zinc Limited ( (AU:YAR) ) has shared an announcement.
Yari Minerals Limited has announced a binding agreement to acquire the Rolleston South Coal Project in Queensland’s Bowen Basin, a region known for its rich coal deposits. The acquisition includes a JORC compliant inferred resource of 78.9 million tonnes of high-calorific value coal, with significant potential for resource growth. The project is strategically located near existing coal operations and infrastructure, which could facilitate rapid development. Yari plans to conduct further exploration and drilling to expand the resource and enhance its categorization, aiming to produce a semi-soft metallurgical coal product. This acquisition is expected to strengthen Yari’s position in the coal industry and provide substantial exploration upside.
More about Consolidated Zinc Limited
Yari Minerals Limited is a company focused on acquiring and developing mineral resources in Australia. The company is involved in the exploration of coal and aims to expand its portfolio with high-calorific value coal projects.
Current Market Cap: A$2.41M
For an in-depth examination of YAR stock, go to TipRanks’ Stock Analysis page.