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![<span><a href="/media/1/610/Joint Media Release - MDS Decision to Mine[1319].pdf">U&D and Sojitz <span>Joint Media Release</span></a></span>We have made the final investment decision to develop the Meteor Downs South (MDS) Project](/uploads/ban_img_a5f5d6ca-5e5b-54b0-7bf6-9116440bd867_Sign.png "<span><a href=\"/media/1/610/Joint Media Release - MDS Decision to Mine[1319].pdf\">U&D and Sojitz <span>Joint Media Release</span></a></span>We have made the final investment decision to develop the Meteor Downs South (MDS) Project")
Broughton Overview
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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.
MDS Overview
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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.
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.
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