PARINGA Resources' inclusion of its Poplar Grove coal mine into an updated bankable feasibility study for its Buck Creek complex in the US Illinois Basin has significantly lowered the initial capital cost, reduced the development time to first coal and transformed its financial returns.
The Poplar Grove mine can be developed at a low capital cost of $US40 million for an initial 1.8 million tonnes per annum of production and generate strong cashflows and high investment returns, according...
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