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The latest announcement is out from Consolidated Zinc Limited ( (AU:YAR) ).
Yari Minerals Limited has commenced drilling at its Rolleston South Coal Project in Queensland’s Bowen Basin, marking a significant step in its strategic shift towards the coal sector. The drilling program, managed by Xenith Consulting, aims to confirm the presence of high-quality semi-soft metallurgical coal, upgrade part of the resource from inferred to indicated status, and support future technical studies. This initiative is expected to enhance Yari’s resource base and facilitate the commencement of a Scoping Study in 2026, outlining development pathways for the project. The project’s proximity to Glencore’s Rolleston Mine and existing infrastructure is expected to support its development.
More about Consolidated Zinc Limited
Yari Minerals Limited operates in the mining industry, focusing on coal exploration and development. The company’s primary project is the Rolleston South Coal Project located in Queensland’s Bowen Basin, known for its rich coal deposits. Yari is working to establish a strong presence in the coal sector by expanding its resource base and advancing its project development.
Average Trading Volume: 1,689,408
Technical Sentiment Signal: Sell
Current Market Cap: A$8.39M
Learn more about YAR stock on TipRanks’ Stock Analysis page.