The total anthracite resources are referred to as the Aviemore Mine and include the anthracite resources currently mined at Aviemore East, along with the anthracite resources to be mined at the Buffalo’s two future coal mining projects, the Balgray anthracite project which is an extension of the Aviemore East reserve and the Aviemore North Adit anthracite project.
In order to continue mining beyond FY 2022, the Buffalo has utilized its own cash resources to commence early work construction activities on the Balgray project during Q1 and Q2 2022. Balgray’s mining operations are anticipated to commence, subject to the requisite funding being achieved, in Q1 2023.
Commission the Aviemore North project incline access shaft and associated project infrastructure (inter alia access roads, power reticulation, buildings) as well as obtaining all the necessary environmental permissions to commence mining operations by Q2 2031. |