Tenements and resources

Mining tenure related to the Foxleigh Coal Mine extends over a north-south strike length of 40 km, covering more than 52,000 ha and comprising seven granted Mining Leases (ML) and three granted Exploration Permits for Coal (EPC), as illustrated in Figure 1 (below). The registered title holders are CAML Resources Pty Ltd, Foxleigh Coal Pty Ltd and Middlemount South Pty Ltd, which are related companies of QMetco.  An application for a Mineral Development Licence (MDL) over EPC1699 and part of EPC855 (MDL3028 ‘Roper Creek’) was lodged with the Queensland Government in October 2017 and is currently pending approval. 

Table 1: Foxleigh tenement summary

Source: Statement of Coal Resources for Foxleigh Coal Mine and adjacent tenements (Foxleigh) in accordance with the JORC Code 2012. Jorc report dated 31 August 2018 prepared by McElroy Bryan Geological Services.

 

Figure 1
Foxleigh Coal map

The Foxleigh Project is focused on the Rangal Coal Measures which comprise a 200m thick sedimentary sequence of siltstone, fine-grained sandstone and mudstone containing several economically significant coal seams.  The seams targeted by the mine are locally known (in descending order) as the Roper, Middlemount, Tralee and Pisces Seams.

Figure 2
Foxleigh Coal

The total reported inventory for the Foxleigh Project is currently:

  • Coal Reserves of 69.6 Mt (44.2 Mt Proven and 25.4 Mt Probable) and Marketable Coal Reserves of 49.1 Mt (31.1 Mt Proven and 18.0 Mt Probable).
  • Coal Resources (inclusive of Coal Reserves) of 350 Mt, comprising 110 Mt Measured, 180 Mt Indicated and 60 Mt Inferred.

Table 2: Summary of most recent Foxleigh Coal Resources

Source: Statement of Coal Resources for Foxleigh Coal Mine and adjacent tenements (Foxleigh) in accordance with the JORC Code 2012. Jorc report dated 31 August 2018 prepared by McElroy Bryan Geological Services. 

For further details on JORC Resource and Reserve statements please refer to QMetco's ASX announcements dated 19 October 2018.