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TerraCom extends Blair Athol coal mine life by over 3 years

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TerraCom extends Blair Athol coal mine life by over 3 years

TerraCom Ltd. said over three years were added to the economic life of its Blair Athol coal mine in Queensland, Australia, following an increase in the JORC marketable reserves to 23.5 million tonnes.

The mine life now stands at about eight more years based on a sales profile of 3 million tonnes per annum, according to a March 20 release.

TerraCom said ongoing geotechnical investigations could potentially add one to two years to the Blair Athol mine life.

The project's total coal reserves stand at 28.7 million tonnes, a 59% increase since February 2018.