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TerraCom extends Blair Athol mine life

TerraCom Ltd has extended the life of the Blair Athol mine in Queensland by a year after upgrading thermal coal reserves.

The mine’s life now totals nine years with the potential to add a further two to three years through further reserve increases.

TerraCom and independent experts Deswik Mining Consultants have upgraded total Blair Athol JORC-compliant reserves by 2.4 million tonnes to 18 million tonnes.

Based on the production plan of 2 million tonnes each year, the increase adds a year to the mine life.

TerraCom is further developing Blair Athol’s indicated and measured resource footprint and plans to convert the economic areas into further reserves.

The company is also constructing a train load-out facility at the mine, which has potential to deliver an additional $20 per tonne improvement in margin.

A rail line runs across the site and connects to the main Goonyella Rail Line to Dalrymple Bay Coal Terminal. Read more…

 

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