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- Bowen Coking Coal (BCB) has successfully identified two new exploration targets at its Broadmeadow East Project in Queensland
- The recently completed drilling program at Broadmeadow confirms the extension of the Leichhardt seam beyond the Mineral Resource area
- Two drill holes in the area hit the seam at depths of 52 metres and 62 metres, finding a thickened four-metre seam
- The drilling at Broadmeadow also intersected the previously unexplored Vermont Lower seam in two holes, from as shallow as 36.1 metres
- These two new exploration targets will now be incorporated into the project’s mine plan, which may be expanded to include the areas
- Shares in BCB have risen 3.85 per cent to trade at 5.4 cents each
Bowen Coking Coal (BCB) has successfully identified two new exploration targets at its Broadmeadow East Project in Queensland’s Bowen Basin.
The targets were defined during a recently completed drilling program at Broadmeadow East.
Firstly, the drilling confirmed the extension of the Leichhardt seam beyond the current Mineral Resource area of 33 million tonnes.
Specifically, two drill holes hit the Leichhardt seam at depths of 52 metres and 62 metres.
In addition to this, the two drill holes also found the seam had thickened to around four metres in this area – a pleasing development for BCB.
The second target defined during drilling at Broadmeadow was the previously unexplored Vermont Lower seam.
The Vermont Lower seam was intersected in two holes, from as shallow as 36.1 metres, with the cored section coming in at 2.4 metres wide.
Commenting on the finds, Bowen CEO Gerhard Redelinghuys said they would help extend the project’s proposed mine layout.
“Broadmeadow East is the most advanced project in our portfolio of near‐term coking coal projects. Our recent drilling campaign forms an important part of our work to get it ready for production as soon as possible,” he explained.
“Further coal quality analysis will be completed however, initial indications from the raw coal data support our view that the lower section of the Leichhardt seam contains better coking properties and a higher yield which will enable us to tailor our mining method and optimise the quality of coking coal we produce,” he added.
The two new exploration targets will now be incorporated into the project’s mine plan, which may be expanded to include the areas.
Following the new targets announcement, shares in Bowen Coking Coal are trading up 3.85 per cent at 5.4 cents each at 3:32 pm AEDT.
