Vitrinite appeared at in Queensland's Bowen Basin with multi-seam high-quality metallurgical coal; projected to support a multi-year mine life and about 9 million tonnes per year at full scale after lease approval. Drilling phases progressing under the JORC 2012 standard, supporting a over a decade life and phased development. The asset was acquired in 2018 and initial four-year mining lease. Regional employment anticipated in the region. Capital expenditure totals in the hundreds of millions as development progresses.
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Vitrinite has received approval for its Vulcan mine complex, paving the way for a nine-million-tonne metallurgical coal mine in Queensland’s Bowen Basin.
www.australianmining.com.auAustralia’s newest metallurgical coal mine, Vitrinite Coal’s Vulcan Complex, located between Moranbah and Dysart in central Queensland’s Bowen Basin, was recently granted a mining lease for the first four years of an expected 15-year-plus mine life. The A$160 million ($115 million) open-cut mine is expected to produce 9 million metric tons per year (mtpy) of premium hard coking coal.
thecoaltrader.comVulcan Mine contains multiple target coal seams with premium hard coking coal properties.
vitrinite.com.auVitrinite, a coal-focused mining company, gets the go-ahead for its metallurgical Vulcan mine complex worth US$160mn located in Queensland, Australia
miningdigital.comapproximately 2o to the northeast. The deposit contains a JORC Code Resource suitable for surface mining in multiple seams from 0.3m – 3.14m thick at depths from sub-crop – 55m. Vitrinite has defined a JORC (2012) code compliant resource of 191Mt (12Mt Measured, 4Mt Indicated and 31Mt Inferred) for the Vulcan Pits. … Explosives Magazine and surface handling facilities. Vitrinite will utilise existing access roads to the mine site. Annual production is planned for 0.8-1.95Mt per annum over 8...
vitrinite.com.au