Bathurst Resources sets coal production target by FY40, eyes key approvals

Grafa03-04

Bathurst Resources (ASX:BRL) announced updated production targets for its mines and development projects, forecasting 33.9 million tonnes of product coal by FY40.

The group includes Bathurst-owned mines and BT Mining, in which Bathurst holds a 65% stake.

Production estimates cover measured, indicated, and inferred resource classifications, excluding exploration targets.

The export segment, comprising 53% of the group's production target, includes Stockton and Cypress mines, along with the Buller Coal Plateaux Continuation Project.

The mines produce low-ash metallurgical coal for steelmaking.

The BCPCP, covering multiple mine extensions, is expected to secure approvals under the Fast-track Approvals Act 2024 in FY26.

The North Island Domestic segment includes Rotowaro and Maramarua mines, supplying sub-bituminous coal for steelmaking and energy sectors.

Mine extensions at both sites are planned, with Rotowaro North Extension approvals expected in FY26.

The South Island Domestic segment includes Takitimu mine, set to conclude mining by FY26.

The Tenas Project in British Columbia aims for 750,000 tonnes of annual steelmaking coal production from FY28, pending environmental approvals.

Bathurst cautions that inferred resources carry lower confidence, and further exploration is needed to confirm future production estimates.

At the time of reporting, Bathurst Resources' share price was $0.74.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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