Paringa Resources Limited (ASX:PNL)
Paringa Resources Limited is a mineral exploration company, which is engaged in the exploration and development of resource projects. The Company is focused on the development of Buck Creek coal mining complex (Buck Creek Complex) located in the western Kentucky region of the Illinois Coal Basin. The Company controls over 35,000 gross acres of coal leases within an area of interest of approximately 72,000 acres. The Buck Creek Complex consists of over two undeveloped coal mines, such as the Poplar Grove Mine and Cypress Mine. The Buck Creek Mine Complex has a Joint Ore Reserves Committee (JORC) Measured and Indicated Coal Resource Estimate (CRE) of approximately 224 million tons of thermal coal. The Company has secured over 14,000 gross acres (approximately 5,600 hectares) of coal leases in the Arkoma Coal Basin in Arkansas, the United States (Arkoma Coking Project). The Company's subsidiaries include Hartshorne Coal Mining Pty Ltd, HCM Resources Pty Ltd and Hartshorne Holdings LLC.