What's Happening?
Yari Minerals has commenced its inaugural drilling campaign at the Rolleston South Coal Project in the Bowen Basin, Queensland. The project, located approximately 15 kilometers from Glencore's Rolleston Mine, benefits from existing infrastructure such as sealed roads and a rail network to Gladstone Port. The company has secured necessary regulatory and landholder approvals to begin drilling. Yari Minerals aims to upgrade the current 190-million-tonne JORC inferred resource, potentially generating significant value for shareholders. Anthony Italiano, Managing Director at Yari Minerals, expressed confidence in the campaign's potential to deliver valuable insights.
Why It's Important?
The initiation of the drilling campaign is a significant step for Yari Minerals as it seeks to enhance its resource base and shareholder value. The proximity to established infrastructure could facilitate efficient resource extraction and transportation, potentially lowering operational costs. This development is crucial for the coal sector, particularly in the Bowen Basin, which is a key area for coal production in Australia. The campaign's success could attract further investment and interest in the region, impacting local economies and employment.
