The mining complex comprises the Buck Creek No 1 mine area and the Buck Creek No 2 mine.
Considering the shallow depth of the coal seam from surface at the site and the potential to utilize the Buck Creek No 1 mine’s processing, the Buck Creek No.2 is expected to be a low-cost development project.
To be managed by Cardno MM&A, the latest study will include review of JORC coal resource estimate, mine production scenarios and scheduling; mine access; coal handling, processing and surface infrastructure requirements; transport and logistics; environmental and social assessment; operating and capital cost evaluation; and coal pricing and marketing.
Paringa CEO David Gay said: "The pre-feasibility study for the Buck Creek No.1 Mine is advancing rapidly and we are looking forward to announcing the results during the first quarter of 2015."
Scoping study on the Buck Creek No 1 has estimated a capital investment of around $109m and that the project would produce 3.4 million tons of coal each over its mine life of 16 years.
