Australia-based TerraCom has confirmed that the life of its flagship Blair Athol coal mine in Queensland has been extended to 2033, following an updated JORC Code Resource and Reserve assessment.
“Blair Athol continues to demonstrate its strength as a long life, low cost and reliable operation, and remains a cornerstone asset for TerraCom. The 2025 JORC Code update reaffirms the quality and optionality of the resource, our disciplined approach to mine planning and the capability of our team,” said Managing Director Danny McCarthy.
“Over the past four years, Blair Athol has consistently maintained or extended its Life of Mine despite annual depletion, underscoring the asset’s resilience in a softer price environment, and the effectiveness of our focus on operational excellence, safety and cost control. This sustained performance reinforces the strength of our asset base and the discipline of our operating culture, ensuring TerraCom continues to deliver reliable returns to shareholders.”
The updated assessment, completed by JB Mining Services and The Minserve Group, confirmed coal resources of 27.0 million tonnes, coal reserves of 18.0 Mt, and marketable coal reserves of 14.0 Mt.
Source: TerraCom