Stanmore Coal Limited: Reissue - Corporate Presentation October 2016
03.11.2016 | ABN Newswire
Brisbane, Australia (ABN Newswire) - Stanmore Coal Ltd. (ASX:SMR) (Stanmore, the Company) refers to the announcement released by the Company to the ASX on 31 October 2016 titled "Corporate Presentation - October 2016". The Company has subsequently identified that the presentation contained reference to a JORC Reserve in relation to The Range Project on page 17 of the presentation.The table within the Annual Financial Report detailing the Resources and Reserves of the Company (released to ASX on 31 August 2016) displayed a value of nil Reserves for The Range Project given the decision by the Company to recognise a material provision against the cost carried on the balance sheet for The Range Project at 30 June 2016.
The re-issued presentation appended to this announcement therefore removes this reference on page 17 and the associated Marketable Reserves Note on page 2 for consistency.
To view the revised presentation, please visit:
http://abnnewswire.net/lnk/U0A0UOL8
About Stanmore Coal Limited:
Stanmore Coal (ASX:SMR) is an operating coal mining company with a number of additional prospective coal projects and mining assets within Queensland's Bowen and Surat Basins. Stanmore Coal owns 100% of the Isaac Plains Coal Mine and the adjoining Isaac Plains East Project and is focused on the creation of shareholder value via the efficient operation of Isaac Plains and identification of further local development opportunities. Stanmore continues to progress its prospective high quality thermal coal assets in the Northern Surat Basin which will prove to be valuable as the demand for high quality, low impurity thermal coal grows at a global level. Stanmore’s focus is on the prime coal bearing regions of the east coast of Australia.
Contact:
Stanmore Coal Ltd.
Mr Nick Jorss Managing Director 07 3238 1000
Mr Andrew Roach Chief Financial Officer & Company Secretary 07 3238 1000