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Australia

Millennium and Mavis Downs Mine

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Australia

Millennium and Mavis Downs Mine

Location: 139 km SW from Mackay, Queensland, Australia

Regional Office:

Level 32, 12 Creek Street GPO Box 2602 Brisbane QLD 4001
Brisbane
Queensland, Australia
4000

Contacts:

Additional Resources for Suppliers & Investors

Categories

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 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 mining development drivage has commenced, with development coal expected from late 3Q 23.

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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SourceSource

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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