Paringa Resources Ltd. (ASX:PNL) announced that it has increased the measured and indicated resource at its Buck Creek mining complex, located in the US, by 54 percent, to 211 million tonnes.
Paringa Resources Ltd. (ASX:PNL) announced that it has increased the measured and indicated resource at its Buck Creek mining complex, located in the US, by 54 percent, to 211 million tonnes.
As quoted in the press release:
The CRE is reported in accordance with the JORC Code 2012 and comprises 211million tons (~192million tonnes) in the Measured and Indicated categories. Coal quality demonstrates excellent Illinois Coal Basin coal quality with high heating value (11,893 Btu/lb), low ash (8.4%)
and a very high in-seam yield of 93%. . Critically, the coal also displays lower chlorine content (0.18%) than most of the new coal operations being developed in the Illinois Basin.
Paringa CEO David Gay stated:
The updated coal resource estimate confirms our Buck Creek No 1 mine as one of the largest predeveloped coal operations in the Western Kentucky region of the Illinois coal basin.
Click here for the full Paringa Resources Ltd. (ASX:PNL)Â press release
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1866.50 | +12.83 | |
Silver | 22.15 | +0.40 | |
Copper | 4.31 | +0.01 | |
Palladium | 2007.74 | +22.74 | |
Platinum | 956.61 | +3.60 | |
Oil | 110.22 | +0.45 | |
Heating Oil | 3.66 | +0.01 | |
Natural Gas | 8.85 | +0.05 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â