New Hope Group 2024 Coal Resources and Reserves Update

New Hope Group (ASX:NHC) has announced the 2024 update of Coal Resources and Reserves in accordance with the JORC Code 2012. The key updates include the acquisition of an Assessment Lease (AL19, West Muswellbrook) adding 513Mt of Resources, updates to Bengalla and New Acland resources, and depletion of 2Mt at New Acland between reporting periods. The Coal Resources and Reserves are stated as at 31 May 2024.

Executive Commentary on Coal Resources and Reserves Update

The Company has made significant progress in updating and acquiring new coal resources and reserves. The addition of the Assessment Lease (AL19, West Muswellbrook) and the updated geological model data for Bengalla and New Acland resources demonstrate our commitment to ensuring accurate and comprehensive reporting. We are pleased with the overall stability of the remaining Resource and Reserves estimates, which reflects the consistency and reliability of our operations. The JORC declaration reaffirms our adherence to industry standards and best practices, providing confidence to our stakeholders and investors.

Summary of New Hope Group's 2024 Coal Resources and Reserves Update

New Hope Group's update of Coal Resources and Reserves for 2024 includes the acquisition of an Assessment Lease adding 513Mt of Resources, updates to Bengalla and New Acland resources, and depletion of 2Mt at New Acland between reporting periods. The JORC declaration confirms the adherence to industry standards. The Company aims to continue its commitment to accurate reporting and sustainable resource management, providing stability and confidence to stakeholders and investors.