AUSTRALIAN PACIFIC COAL LIMITED

AUSTRALIAN PACIFIC COAL LIMITED (ASX: AQC)

Australian Pacific Coal Limited (AQC) finalizes Dartbrook Joint Venture Agreement, increasing its direct working interest in the project from 50% to 80% and net economic interest from 50% to 70%.
Funding arrangements for restart capex and working capital are being finalized, with a significant portion linked to a new coal marketing and offtake agreement.
Production restart at Dartbrook underground coal mine is on track for early Q4 2023, with an updated mine plan indicating improved yields and potential to produce semi-soft metallurgical coal.

2023-05-01 08:52:00

Dewatering of Hunter Tunnel nearing completion for remediation activities
Review of Mine Plan schedule shows potential for enhanced coal quality
Multiple debt funding offers received and being assessed for Dartbrook Mine restart

2023-03-17 09:54:00

David Conry AM is retiring from his role as Chief Executive Officer and has resigned as Executive Chairman, with effect immediately.
Mike Ryan has been appointed as the Interim Chairman.
Ayten Saridas has been appointed as the Interim Chief Executive Officer and will be an Executive Director on the Board of AQC.

2023-01-16 14:16:00