Mining Intelligence and News
Australia

Millennium and Mavis Downs Mine

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Overview

Mine TypeOpen Pit & Underground
StatusActive
Commodities
  • Coal (metallurgical)
Mining Method
  • Truck & Shovel / Loader
  • Bord-and-pillar
  • Continuous
Mine Life... Lock
SnapshotThe Millennium and Mavis Downs project is adjacent to Poitrel and shares access to Red Mountain coal handling and preparation plant, and coal loading and transport infrastructure.

Millennium is operating as a conventional open-cut truck and shovel operation. Auger mining ended in April 2023. Underground operations continue to ramp up following the establishment of a second production unit. Further exploration, engineering and approvals works are also progressing on the Millennium underground project, which is located adjacent to the Mavis underground mining area and offers potential underground operations life extension.

A decision has been taken to start the necessary steps to cease operations at the Mavis Underground from the end of June and complete the transition by the end of 3Q 2024. The potential Millennium underground development option is unaffected by this decision.

Owners

SourceSource
CompanyInterestOwnership
Golden Energy and Resources Ltd. (GEAR) 32 % Indirect
M Resources Pty Ltd. 50 % Indirect
April 15, 2021 - MetRes Pty Ltd, a 50/50 joint venture (JV) between Stanmore Coal and M Resources, has acquired the Millennium and Mavis Downs coal mine in Queensland from Peabody Energy.

M Mining Pty Ltd, a wholly owned subsidiary of M Resources, is the joint venture manager and operator.

GEAR’s effective interest in Stanmore is 64.01%.

Contractors

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Deposit type

  • Sedimentary

Summary:

The Millennium project area lies within the Permo-Triassic Bowen Basin. The Bowen Basin consists of 10 kilometre (km) thick sequences of volcanic, shallow marine and terrestrial sediments and is categorised back-arc to foreland basin.

Coal seams occur within the Rangal Coal Measures which are Late Permian in age. These seams dip to the west at approximately 4 - 7 degrees within the Millennium Lease and 4 – 10 degrees to the east at Mavis Downs.

The coal seams of interest found within the Project area are as follows – Leichhardt and Vermont Upper 1. Additional seams were intersected in the historic drilling and in part analysed these were the M seam and plies of the Vermont Lower Seams.

The target seams have a cumulative thickness of approximately 7 m across the deposit.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

The Company’s Millennium Mine ceased production in March 2020, with sales continuing throughout May 2020. Mining recommenced at Millennium and Mavis Downs in August 2021.
CommodityUnits202220202019201820172016
Coal (metallurgical) Mt  ....  Subscribe  ....  Subscribe0.51.733.2
Heat ContentBTU/lb12,60012,60012,60012,600

Production Costs

CommodityUnits2022
Cash costs (sold) Coal (metallurgical) USD  ....  Subscribe

Financials

Units2022
Revenue M AUD  ....  Subscribe
Pre-tax Income M AUD  ....  Subscribe
After-tax Income M AUD  ....  Subscribe

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 9, 2023
....................... Subscription required ....................... Subscription required Subscription required Oct 9, 2023
....................... Subscription required ....................... Subscription required Subscription required Oct 9, 2023
....................... Subscription required ....................... Subscription required Subscription required Oct 9, 2023
....................... Subscription required ....................... Subscription required Subscription required Oct 9, 2023

EmployeesYear
...... Subscription required 2021
...... Subscription required 2019
...... Subscription required 2018

Aerial view:

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