Isaac River (MDL 444,  EPC 830, MLA 7000062) BCB 100%

The Isaac River Project covers an area of 14 km2 and is located in the Bowen Basin in Central Queensland, approximately 30 km west of Moranbah and 130 km southwest of Mackay. BMA’s (BHP Mitsubishi Alliance) Daunia Mine is located to the immediate west, and Peabody’s Moorvale West resource is located to the immediate north of the Project. EPC 830 occurs south of MDL 444 and abuts Pembroke’s Olive Downs North Project and is approximately 3km North of Whitehaven’s Winchester South project. Isaac River is well placed relative to regional infrastructure with the Peak Downs Highway located 12km north and the Goonyella rail system within 3km of the Project. 

Bowen’s initial mine plan indicates a production target of between 0.4Mtpa to 0.6Mtpa over a four-to-five-year period and includes an element of highwall mining. To mine the deposit the Company would need to establish third party access agreements for washing the coal and accessing a rail corridor, similar to what it has achieved at Bluff, and how it initially mined Broadmeadow East. Isaac River was granted a site-specific Environmental Authority (EA) from the Queensland government and holds an approved Progressive Rehabilitation and Closure Plan. At the end of May 2023, the Project was formally granted approval under the Commonwealth Government Environment Protection and Biodiversity Conservation Act 1999 (EPBC). 

Bowen Coking Coal is now waiting on issuing of the Mining Lease from the Queensland Government which is expected in late 2023 or early 2024.  Construction is anticipated to commence late in 2024 with the Project expected to create in the order of 200 jobs when steady-state mining.

 

Isaac River location


Resource Statement

Following the Company’s maiden exploration program completed in May 2019, the Isaac River Resource statement was upgraded from the initial 5.3Mt to 8.7Mt, an increase of over 67%.  The total Measured and Indicated resources of 8.35Mt, represent over 95% of the total Resource.  The upgrade in total tonnes reflects the inclusion of the Vermont Upper seam, which was intersected in all drill holes completed as part of the maiden drilling program.  

Environmental
- Underground water impact report