Quality Coal Resources & Reserves
HRCM initiated its drilling program in 2011 across two separate Exploration Licences (EL16 & EL17/2010) covering over 278sq. kilometres. Since then HRCM have established significant thermal coal resources. Measured, indicated and inferred classes (JORC Compliant) in excess of 550 million tonnes across seams of economic interest.
Today, HRCM holds a consolidated licence (EL16/2010) covering 156 sq. kilometres having relinquished non economic areas. In May 2017 the Company added an additional 104sq. kilometres (EL16/2016) bringing our total tenement range to 270sq. kilometres.
HRCM continued its extended drilling programs in 2017 and 2018. Future drilling will focus on confirming mine design with the Mining Lease and developing a JORC Compliant Resource in the new Mt Punter Licence.
HRCM received Environmental Permit from the Environmental Protection Authority Tasmania on 28 August 2012 and its Development Approval (DA) from the Break O’Day Council on 17 September 2012. Mine development will commence once Mining Lease and Company approvals are in place.
HRCM will initially be mining the well-researched Duncan coal “F” seam present in the Fingal Valley. The Mine will be a Bord and Pillar operation with an approved 1 million tonne per annum output. Steady state operations are expected to be reached in 2020.
Surface construction will occur in three phases:
- Road Infrastructure
- Water Treatment & Storage
- Building Infrastructure
- Mine Site Services – Power
Stage 1 surface construction is 95% complete with a complete environmental footprint having been established together with circuit roads, water hydraulics, and portals exposed for development.
Stage 2 surface works will commence on initiation of underground development. This will establish loading and haulage logistics.
Concurrently with surface construction mine development will occur initially with 1200m of roadway to be driven by a roadheader in a mixture of coal and soft rock. This process is expected to take 12 months.
Equipment to be used:
- Road Header
- Continuous Miners
- Development /Miner/Bolters
- Pillar Extraction
- Front end Loaders
- Employee Transports
- Conveyor System
Valley Road, Fingal, Tasmania, Australia