WHITEHAVEN COAL LIMITED COAL RESOURCES AND COAL RESERVES
After mining depletion of 12Mt during FY2014, Recoverable Coal Reserves increased by 1Mt to 888Mt, and Marketable Coal Reserves increased by 5Mt to 801Mt from the August 2013 Coal Resources and Reserves Statement.
Whitehaven Coal Limited has updated its managed Coal Resources and Coal Reserves under the JORC Code
2012 as set out in the following tables. Total Coal Resources have increased by 3.0% from 3743.9Mt in August
2013 to 3857Mt in August 2014.
The key changes from the August 2013 statement are:
Coal Reserves, both Recoverable Reserves and Marketable Reserves, at Maules Creek each increased by about 20Mt;
Revised modeling of Maules Creek has reduced total Coal Resources by 28.6Mt to 650Mt. However, the classification of the Coal Resources has improved with significant upgrades to both the Measured Resource and the Indicated Resource Categories;
Coal Reserves at Tarrawonga and Rocglen declined due to a combination of mining depletion and remodeling of the mines during FY2014;
Coal Reserves at Narrabri and Werris Creek declined due to mining depletion during FY2014;
Total Coal Resources at the Oaklands deposit have increased by 128Mt with most of that increase occurring in the Inferred Resource Category.
Please see the Whitehaven Coal website (www.whitehavencoal.com.au) for the Coal Resource and Coal
Reserve Table 1 details.
Information in this report that relates to Coal Resources and Coal Reserves is based on and accurately reflects reports prepared by the Competent Person named beside the respective information. Mr Greg Jones is a principal consultant with JB Mining Services. Mr Phillip Sides is a senior consultant with JB Mining Services. Mr Mark Dawson is Group Geologist with Whitehaven Coal Limited. Mr Ben Thompson is a Geologist with Whitehaven Coal. Mr Graeme Rigg is a full time employee of RungePincockMinarco Ltd. Mr Doug Sillar is a full time employee of RungePincockMinarco Ltd.
Named Competent Persons consent to the inclusion of material in the form and context in which it appears. All Competent Persons named are Members of the Australian Institute of Mining and Metallurgy and/or The Australian Institute of Geoscientists and have the relevant experience in relation to the mineralisation being reported on by them to qualify as Competent Persons as defined in the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code, 2012 Edition).
Resources and Reserves
Page 1 of 3
ASX ANNOUNCEMENT
27 AUGUST 2014WHITEHAVEN COAL LIMITED -COAL RESOURCES -AUGUST 2014 | ||||||
Tenement | Measured Resource | Indicated Resource | lnferred Resource | Total Resources | Competent Person | Report Date |
CL31ì/EL4699/ Vickery Opencut EL7407 Vickery Underground CL31ì Rocglen Opencut M L1>20 Rocglen Underground M L1>20 EL5 967/M L1579 Tarrawonga Opencut* ML1ì85/M L1>93 EL5 967/M L1579 Tarrawonga Underground ML1ì85/M L1>93 CL375/AUTH346 Maules Creek Opencut** l EL8072 Werris Creek Opencut ML15 63/M L1>72 Narrabri Underground*** ML1ì09/EL6243 ML1ì24/EL51l3/ Gunnedah Opencut CCL701 ML1ì24/EL51l3/ Gunnedah Underground CCL701 Bonshaw Opencut EL6450/EL6587 Ferndale Opencut EL7430 Ferndale Underground EL7430 Oaklands North Opencut EL6861 Pearl Creek Opencut**** EPC862 | 148 - 8 - 43 10 370 22 180 7 2 - 103 - 11o - | 184 - 4 2 26 15 230 2 380 47 138 4 135 - 260 14 | 176 29 1 2 13 14 50 1 180 89 24 7 134 73 580 38 | 508 29 13 4 82 39 650 25 740 143 164 11 372 73 950 52 | 1 1 2 2 3 3 3 3 3 3 3 3 1 1 3 4 | Feb-13 Feb-13 Apr-14 Apr-14 Apr-14 Apr-14 Jun-14 Apr-14 Jun-14 Aug-14 Aug-14 Aug-14 Jan-13 Jan-13 Aug-14 Jan-13 |
TOTAL COAL RESOURCES | 1003 | 1441 | 1411 | 3855 | ||
1. Greg Jones, 2. Ben Thom pson, 3. Mark Dawson, 4. Phil Sides * 1/hitehaven ow ns 70% share of opencut resources w ithin ML1579, ML1685 and ML1693. lhe total contlined resource for Tarraw onga Mning Leases (ML1579, 1685 and 1693) and Exploration Licence (8..5967) is reported. ** Maules Creek Joint Venture- 1/hitehaven ow ns 75% share. *** Narrabri Joint Venture- 1/hitehaven ow ns 70% share. **** Dngo Joint Venture- 1/hitehaven ow ns 70% share. # lhe Coal Resources for active rrining areas are current to the pit surface as at the report date. |
Resources and Reserves
Page 2 of3
Whitehaven CoalLimited ABN 68 124 425 396
Level28, 259 George Street,Sydney NSW 2000
Tel: +61 2 8507 9700 Fax:+61 2 8507 970 1 ww w. w h it eha v enc o al.c om. au
ASX ANNOUNCEMENT
27 AUGUST 2014
WHITEHAVEN COAL LIMITED- COAL RESERVES- AUGUST 2014 | ||||
Tenement | Recowrable Reserws | Marketable Reserws | Competent Person | Report Date |
Tenement | Prowd Probable Total | Prowd Probabl e Total | Competent Person | Report Date |
Vickery Op encut CL3"6'EL46991EL7407 Rocglen Opencut M U320 EL5967 lM L1579 Tarrawonga Opencut* ML "585 1 MU393 Maules Creek Opencut** CL375/AUTH346 Werris Creek Opencut M U563/M L "572 Narrabri North Underground*** M L1ì09 Narrabri South Underground*** EL6243 | - 204 204 4.8 0.9 5.8 28 16 44 237 145 382 17 1 18 57 83 140 - 94 94 | - 180 180 3.7 0.7 4.4 26 15 41 222 128 350 17 1 18 54 79 133 - 75 75 | 1 1 1 1 1 2 2 | Apr-14 Apr-14 Apr-14 Apr-14 Apr-14 Jun- 14 Jun- 14 |
TOTAL COAL RESERVES | 344 544 888 | 323 478 801 | ||
1. Doug Sillar,2. Graeme Rigg • Wl ehaven aw ns 70% share of opencut reserves w hin ML1579, ML1685 and ML1693. The totalcorrbined reserve for Tarraw onga Mining Leas es (ML1579, 1685 and 1693) and Exploration Licence ( 8.5967) is reported. "Maules Q-eek Joint Venture- 11/hitehaven aw ns 75% share. "' Narrabri Joint Venture- 11/hitehaven aw ns 70"..6 share. # The Coal Reserves for active rrining areas are current as at report date. ## Coal Reserves are quoted as a subset of Coal Resources. ### Marketable Reserves are based on geologieal modeling of the anticipated yield from Recoverable Reserves NB- totals may not equal the sum of the parts due to rounding |
Resources and Reserves
Page 3 of3
Whitehaven CoalLimited ABN 68 124 425 396
Level28, 259 George Street,Sydney NSW 2000
Tel: +61 2 8507 9700 Fax:+61 2 8507 970 1 ww w. w h it eha v enc o al.c om. au
|
distributed by
|
