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dragline Brian and Merilyn Lloyd (L-R)Joyce and Doug Olive and Shane Ryan Gloria Brown and Darcy Sheather Greg Byrne, Downing; Ian Reed, QNP (L-R)Gerda Dickfos, Heather Dellar and Rosie Dickens Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup Marg Ross and Cheryl Gothmann Dorothy and Frank Wilson Rosemary McLeod and     Laurel Weedon csg Steve Beale and Chris Dunphy, MIPEC Linda Oliffe and Eugene McDonald (L-R) Eunice Day, Lynda Connell and Ruth Wroe (L-R) Rhonda Atkinson, Una Oates and Doug Olive
dragline Brian and Merilyn Lloyd (L-R)Joyce and Doug Olive and Shane Ryan Gloria Brown and Darcy Sheather Greg Byrne, Downing; Ian Reed, QNP (L-R)Gerda Dickfos, Heather Dellar and Rosie Dickens Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup Marg Ross and Cheryl Gothmann Dorothy and Frank Wilson Rosemary McLeod and     Laurel Weedon csg Steve Beale and Chris Dunphy, MIPEC Linda Oliffe and Eugene McDonald

Moorlands feasibility study on track
CUESTA sticking to $63/tonne cost of production at new Clermont mine.
Wednesday 03 September 2014  

CUESTA Coal expects to have a clear idea about the viability of its Moorlands coal mine near Clermont by the end of the year.

In a statement this week, Cuesta said its 2013 estimate that the mine could produce 1.9 million tonnes of thermal coal per year at around $63/tonne (FOB and excluding royalties) remained accurate.

The Moorlands deposit is north-west of the Blair Athol mine at Clermont, and earlier this year Cuesta announced that drilling at the site had increased its JORC compliant resource by 92 per cent.

Notably, the drilling confirmed a total measured resource of more than 118 million tonnes, and indicated resources of just over 52 million tonnes.

Cuesta expects to complete and release its long-awaited draft definitive feasibility study (DFS) around Christmas time.

The study will assess the mines feasibility based on the coal being mined using a truck and shovel, then trucked to the existing Blair Athol rail spur and railed to Dalrymple Bay coal terminal near Mackay.

“Ultimately the DFS will provide detailed capital and operating cost estimates for the project on which a final investment decision can be based,” the company said.

“The DFS is a critical step for obtaining project finance to fund the construction of the Moorlands south pit.

“We are targeting completion of a draft of the DFS by the end of this year in both English and Mandarin, for the primary purpose of providing flexibility in obtaining project finance under the best commercial terms.”


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