Coal Reserves Assessment At Mount Thorley

Authorisation No.66 (to Prospect) was allocated to R.W. Miller & Co. Pty. Ltd. on 1st November, 1976. Exploration has brought coal reserves to measured status in the Jerry's Plains sub-group which are about 550m. thick. The immediately lower Vane Sub-group, about 200m. thick, includes about 20 seams. The total measured and indicated reserves of the two sub-groups based on the criteria adopted by the company amount to 1362 million tonnes in situ. This very large resource is subject to very many mining constraints both physical and economic which limit the saleable reserves under present conditions to about 120 million tonnes. The results of the calculation of reserves after exploration is complete in a deep multiple seam situation is dependent upon the criteria used to include or exclude seams in the reserves. These criteria are state- ments of the miner's expectations of the market, mining and coal preparation technology, local and national politics and the law as it may be applied in the future.