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Additional Information

Market:	ASX
Sector:	Coal
EPIC:	SMR
Latest Price:	0.94 (7.47% )
52-week High:	1.45
52-week Low:	0.70
Market Cap:	83.95M

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Stanmore Coal

Stanmore Coal (ASX: SMR) is focused on the exploration and development of export coking, PCI and thermal coal deposits within the prime coal bearing regions of Eastern Australia.

The company has two development projects – the Mackenzie coking coal project in the Bowen Basin and The Range export thermal coal project in the Surat Basin. Both development projects are targeting production by 2015 at a combined rate of 7Mtpa.

Stanmore Coal kicks-off drilling at Mackenzie River project in Bowen Basin

Thursday, March 18, 2010

Queensland-focussed Stanmore Coal (ASX: SMR) has commenced drilling at the Mackenzie River project near Blackwater in the Bowen Basin.

From the drill programme, Stanmore is aiming to establish a JORC Inferred Resource and confirming coal quality and potential coking properties of the various seams across the project area.

The target at Mackenzie River project is a large open pit deposit of coking coal. The project is located on the railway line to Gladstone.

The target size of the deposit will substantially exceed the previous exploration target of 40‐50Mt, the company said in the Company’s IPO prospectus dated 30 October 2009.

Drilling has also recommenced at The Range project in the Surat Basin, following significant weather delays since the previous round of drilling ceased prior to Christmas.

The company expects to produce a JORC compliant Inferred Resource estimate in April, subject to the timing of the completion of the current drill program.

Stanmore Coal holds 100% interests in its seven coal project areas, covering over 1,080 km2 in total. A detailed third party geological review is underway on all of Stanmore Coal’s other projects in advance of planned exploration programmes this year.

Between them these projects have the potential to host significant deposits of coking, PCI and thermal coal and are typically well located for export infrastructure.

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