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Bowen Coking Coal (ASX: $BCB) announces resource estimate increase at Burton Project

Resource estimate update at Burton Project


Bowen Coking Coal Ltd (ASX: $BCB) has reported a substantial increase in the resource estimate for the unmined and down dip Burton seam within the historic North and South pit area at the Burton Downs Project. The total Burton Coal Resource has risen to 110 million tonnes (Mt), marking a 72% increase from the previous estimate of 64 Mt, with 99 Mt classified in the Measured and Indicated categories according to the JORC Code (2012).

Executive Commentary on Resource Estimate Increase


The inclusion of the unmined and down dip Burton coal seam within the previously mined Burton North and South pits increases the total Coal Resource for Burton Downs Deposit by 72% and provides future optionality given its close proximity to the Burton CHPP Plant and infrastructure and could become a further target Company's growth strategy.

Summary of Burton Project Resource Estimate


Bowen Coking Coal Ltd (ASX: $BCB) has announced a significant 72% increase in the resource estimate for the unmined and down dip Burton seam within the historic North and South pit area at the Burton Downs Project. The total Burton Coal Resource now stands at 110 million tonnes (Mt), with 99 Mt classified in the Measured and Indicated categories. The company's CEO, Mr Daryl Edwards, highlighted the potential future growth opportunities presented by the increased resource estimate, emphasizing the strategic significance of the proximity to existing infrastructure and the Burton CHPP Plant. The update underscores the company's commitment to advancing its growth strategy and maximizing the potential of the Burton Project.

BOWEN COKING COAL LIMITED
BCB | ASX | Materials
0.056-0.002(-3.45%)
At close 05/07 (AEDT)
Market cap
$165.2M
Volume
9,206,148
DY Yield
0
PE Ratio
0
52 Week Range
0.043 - 0.166
1YR Return
131.214%

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