Resource estimate increased by 23% at Cooroorah
Bowen Coking Coal Ltd has announced the outcome of the Mineral Resource estimate in accordance with the guidelines of the JORC Code (2012) for its 100% owned Cooroorah Project (MDL 453), located between Coronado Coal’s (formerly Wesfarmers) Curragh mine and the Anglo, Marubeni and Sojitz owned Jellinbah mine in the Bowen Basin, Central Queensland.
The maiden Mineral Resource estimate for the Mammoth seam is 37Mt, included within the total Cooroorah Mineral Resource estimate of 154Mt, representing an increase of 23% on the previous Mineral Resource estimate of 125Mt.
The Company targeted an area within the Mammoth seam which was not explored by the previous owners. Cape Coal, being the technical advisors to the previous owners at the time, suggested the targeting of the Mammoth seam from the drilling of these two holes (COR001C and COR013C) back in December 2013, but the exploration was not completed then as a result of the downturn in commodity prices.
The Mammoth seam represents a coalescing of the Aries and Castor seams to form one thick continuous seam which creates more optionality in terms of extraction options through various mining techniques.