Stanmore Resources Limited has been notified by the Australian Government that its planned actions in relation to the Range thermal coal project under the Environmental Protection and Biodiversity Conservation Act 1999 have been declared as lapsed.
Stanmore’s other existing tenures and approvals remain in effect and it could also reapply again for Commonwealth approval in the future.
According to Stanmore, it will continue working in the same collaborative spirit and remain open to re-submitting the Range project to the Federal Government for assessment under the act at an appropriate time to progress the effort.
It added that it remains committed to maintaining its ongoing compliance with all environmental approvals and processes.
Stanmore’s project development pipeline is focused on capital-efficient opportunities for incremental increases in production across its portfolio of operating mines and metallurgical coal development projects.
Stanmore CEO Marcelo Matos said the company’s intention is to maintain the asset, including its tenure, and preserve its optionality moving forward.
“We will continue to assess our options for the Range and seek to engage with the Queensland and Commonwealth authorities to further progress the project,” he added.
Matos noted that though the Range remains in its portfolio of reserves and options, the company’s current focus has been on developing its metallurgical coal assets.
The company is also working on the continuation of operations and potential incremental expansions at its newly acquired South Walker Creek and Poitrel mines.
