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Stanmore Coal increase of Clifford Project resource

Stanmore Coal is pleased to announce a 67% increase to the JORC Resource estimate for the Clifford Project located in the Surat Basin, in eastern Australia, rising from 370Mntonnes to 620Mn (indicated 190Mn, inferred 430Mn).

The next phase will include desktop studies to progress the mining and infrastructure assessment of the project, followed by exploration, coal quality analysis and feasibility assessment over a three year period. Funding is from partner Japan Oil, Gas and Metals National Corp (JOGMEC).