Overview of Clara Resources Australia's scoping study for Ashford coking coal project

Clara Resources Australia Ltd (ASX: $C7A) has conducted a Scoping Study for the Ashford Coking Coal Project, providing an early-stage assessment of the technical and commercial viability for development and operation of the project. The study includes an overview of the project, its location, ownership, historical mining and exploration, regional and local geology, resources, mine design and scheduling, coal quality, and coal handling and preparation.

Executive commentary on Clara Resources Australia's scoping study

The results of the Scoping Study and Coal Resources are based on information compiled by Mr. Rick Walker, who is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience relevant to the style of mineralization and type of deposit under consideration.

Summary of Clara Resources Australia's scoping study and outlook

Clara Resources Australia Ltd has released a comprehensive Scoping Study for the Ashford Project, focusing on the development of a coking coal mine and exportation of the product through the Port of Newcastle. The study includes financial estimates, key financial metrics, funding considerations, and environmental impact assessments. The company aims to transition the project to the Pre-Feasibility Study (PFS) phase and continue stakeholder engagement and preparation of the Environmental Impact Statement and Mining Lease Application. The announcement provides a comprehensive overview of Clara Resources Australia Ltd's Scoping Study for the Ashford Project, including financial estimates, funding considerations, and environmental impact assessments, setting the stage for the transition to the Pre-Feasibility Study phase.