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Realm ups resources, reserves at Foxleigh Plains coal project

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Realm ups resources, reserves at Foxleigh Plains coal project

Realm Resources Ltd. updated the JORC 2012-compliant coal resources and reserves for the Foxleigh Plains project, part of its 70%-owned Foxleigh coal mine in Central Queensland, Australia.

The coal resources at Foxleigh Plains were estimated at 63 million tonnes, including 28.5 million tonnes in the measured category, 24.5 million tonnes in indicated and 10 million tonnes in inferred, as at Sept. 30.

Foxleigh Plains hosts reserves of 51.2 million tonnes, including 33.5 million tonnes in the proven category, and 17.7 million tonnes in the probable category, according to the Dec. 22 release.

The marketable reserves for Foxleigh Plains increased by 10 million tonnes of low volatile PCI product to 34.3 million tonnes, including 22.6 million tonnes in the proven category and 11.7 million tonnes in the probable category, as compared to the October 2016 estimate.

The coal resources, including reserves, at the Foxleigh mine stand at 82.3 million tonnes, including 33.3 million tonnes in the measured category, 29 million tonnes in indicated and 20 million tonnes in inferred.

POSCO owns a 20% stake in the project, while Nippon Steel & Sumitomo Metal Corp. holds the remaining 10%.