Agreement Signed With SojitzThe MDS Arrangements Agreement has been signed With Sojitz Corporation
Total Exploration Area 6322 km²
MDS Mining Lease GrantedThe mining lease of MDS project has been approved
Broughton Project EPC818JORC Resource 121Mt. Currently under the process of Mining Lease Application
Projects in Northern GalileeThe Company has currently has two EPCs in Northern Galilee area
The Broughton Coal Mine Project (Broughton Project) forms part of the Company’s near term Greenfields project portfolio.
Situated 30km northwest of Nebo and 100km southeast of Mackay, Queensland, within MLA 70511 the project has a total JORC Resource of 120.9 million tonne (Mt), comprised by 17.8Mt Measured Resource, 11.1Mt Indicated Resource and 92Mt Inferred Resource.
The Meteor Downs South Coal Mine Project (MDS Project) is U&D’s advanced near term mining project. The MDS Project has a 13 million tonne (Mt) Marketable Reserve. The MDS Project is the Company’s first mining project and will see the Company move from Developer to Producer status.
The Mining Lease of MDS Project granted on November 2015. Other approvals, including Environmental Authority, Federal Government Approval and Regional Interests Development Authority, have been obtained.
On the basis of extensive geological investigation and assessment processes the predicted production rate is anticipated to be up to 1.5mt per annual of export grade thermal coal, which will be of direct to market quality.
U&D Coal was a listed company on ASX until June 2015, code UND.The company is now a public unlisted company with the objective of engaging in the acquisition, exploration, development and operation of coal mines and to supply coal product into the export coal market. read more...