Malabar Coal (MBC) is seeking to develop a longwall coal mine. Malabar Coal currently has a 27.7% interest in the Spur Hill Underground Coal Project and has the right to increase its interest up to 80%.
Spur Hill is a soft coking coal, semi-soft coking coal and thermal coal development project in the Upper Hunter Valley region of NSW. The Project has a total JORC Resource of 586MT (100% project basis) including 117Mt Indicated and 372Mt Inferred.
Expected date for quotation of MBC shares on ASX is 28 March 2013.
Morgans Senior Analyst Tom Sartor spoke to Wayne Seabrook, Chairman of Malabar Coal, about the company's plans:
For more information on Malabar Coal, please contact your Morgans adviser or your nearest Morgans office.