NHC: Presentation on New Hope and Malabar to Combine

Original announcement by asx on

Company
New Hope Group
Ticker
NHC
Exchange
ASX
Region
Unavailable
Primary commodity
Coal
Secondary commodities
None reported
Document categories
Agreement transaction, Resource update
Extracted
2026-10-18 22:14:08 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

New Hope Group and Malabar Resources Limited announced a proposed merger via a court-approved scheme of arrangement, aiming to create a leading ASX-listed producer of low-cost, high-quality coal. The transaction, unanimously recommended by both boards, is expected to unlock operational and regional synergies, significantly increase attributable resources by 82% to ~5.2 Bt, and boost combined saleable production. Malabar shareholders will receive 0.500 New Hope shares per Malabar share, with implementation targeted for February/March 2027.

Reasoning: The document announces a proposed merger between New Hope and Malabar, highlighting significant strategic and financial benefits, including increased production, resources, and synergies, with unanimous board support.

Positive factors

  • Merger/Acquisition
  • Synergies
  • Production Growth
  • Resource Increase
  • Financial Strength
  • Board Recommendation

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 36

Extracted facts

Stored fact records: 36. Some facts used in scoring do not have a stored record.

Resource Estimates (36)

probableNew Acland · coalTonnes: 134000000Contained Metal: 134000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
New Acland
Commodity
coal
Region
qld
Reported Region
QLD
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9610cae99dd4060d6f8d

Resource Data

Category
probable
Tonnes
134000000
Contained Metal
134000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable probable reserve for New Acland.

Evidence · table

“134”

Context: New Acland

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenNew Acland · coalTonnes: 265000000Contained Metal: 265000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
New Acland
Commodity
coal
Region
qld
Reported Region
QLD
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:63e7ebe475ab360db937

Resource Data

Category
proven
Tonnes
265000000
Contained Metal
265000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable proved reserve for New Acland.

Evidence · table

“265”

Context: New Acland

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableNew Acland · coalTonnes: 70000000Contained Metal: 70000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
New Acland
Commodity
coal
Region
qld
Reported Region
QLD
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:fe6873802301e2976770

Resource Data

Category
probable
Tonnes
70000000
Contained Metal
70000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical marketable probable reserve for New Acland.

Evidence · table

“70”

Context: New Acland

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenNew Acland · coalTonnes: 142000000Contained Metal: 142000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
New Acland
Commodity
coal
Region
qld
Reported Region
QLD
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:6dd34cc69541773034a0

Resource Data

Category
proven
Tonnes
142000000
Contained Metal
142000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical marketable proved reserve for New Acland.

Evidence · table

“142”

Context: New Acland

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableBengalla · coalTonnes: 7000000Contained Metal: 7000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Bengalla
Commodity
coal
Region
australia_nsw
Reported Region
NSW
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:c959d66b0efe5982f981
Ownership percent
80 %

Resource Data

Category
probable
Tonnes
7000000
Contained Metal
7000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable probable reserve for Bengalla (80% interest).

Evidence · table

“7”

Context: Bengalla

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenBengalla · coalTonnes: 119000000Contained Metal: 119000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Bengalla
Commodity
coal
Region
australia_nsw
Reported Region
NSW
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:451da3cb41722996a8e4
Ownership percent
80 %

Resource Data

Category
proven
Tonnes
119000000
Contained Metal
119000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable proved reserve for Bengalla (80% interest).

Evidence · table

“119”

Context: Bengalla

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableBengalla · coalTonnes: 5000000Contained Metal: 5000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Bengalla
Commodity
coal
Region
australia_nsw
Reported Region
NSW
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:fadb9c78a8767bfe9554
Ownership percent
80 %

Resource Data

Category
probable
Tonnes
5000000
Contained Metal
5000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical marketable probable reserve for Bengalla (80% interest).

Evidence · table

“5”

Context: Bengalla

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenBengalla · coalTonnes: 97000000Contained Metal: 97000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Bengalla
Commodity
coal
Region
australia_nsw
Reported Region
NSW
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d79a574dd3664e3205de
Ownership percent
80 %

Resource Data

Category
proven
Tonnes
97000000
Contained Metal
97000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical marketable proved reserve for Bengalla (80% interest).

Evidence · table

“97”

Context: Bengalla

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableElimatta · coalTonnes: 26000000Contained Metal: 26000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Elimatta
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2aaa0e2824f6dfb96d30

Resource Data

Category
probable
Tonnes
26000000
Contained Metal
26000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable probable reserve for Elimatta.

Evidence · table

“26”

Context: Elimatta

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenElimatta · coalTonnes: 86000000Contained Metal: 86000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Elimatta
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:bb7f9c57fd30b47d7e30

Resource Data

Category
proven
Tonnes
86000000
Contained Metal
86000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable proved reserve for Elimatta.

Evidence · table

“86”

Context: Elimatta

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableElimatta · coalTonnes: 16000000Contained Metal: 16000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Elimatta
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:500266026534f8b4b802

Resource Data

Category
probable
Tonnes
16000000
Contained Metal
16000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical marketable probable reserve for Elimatta.

Evidence · table

“16”

Context: Elimatta

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenElimatta · coalTonnes: 56000000Contained Metal: 56000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Elimatta
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:97fc113bf4b614d3b1b7

Resource Data

Category
proven
Tonnes
56000000
Contained Metal
56000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical marketable proved reserve for Elimatta.

Evidence · table

“56”

Context: Elimatta

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableTaroom · coalTonnes: 207000000Contained Metal: 207000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Taroom
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b9a3a75541c66f95b664

Resource Data

Category
probable
Tonnes
207000000
Contained Metal
207000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical recoverable probable reserve for Taroom.

Evidence · table

“207”

Context: Taroom

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableTaroom · coalTonnes: 130000000Contained Metal: 130000000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Taroom
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4629c7961ff06fac32f3

Resource Data

Category
probable
Tonnes
130000000
Contained Metal
130000000
Contained Unit
t

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical marketable probable reserve for Taroom.

Evidence · table

“130”

Context: Taroom

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

measuredNew Acland · coalTonnes: 283000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
New Acland
Commodity
coal
Region
qld
Reported Region
QLD
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:c257487dc2400ebd52b4

Resource Data

Category
measured
Tonnes
283000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical measured resource for New Acland.

Evidence · table

“283”

Context: New Acland

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedNew Acland · coalTonnes: 230000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
New Acland
Commodity
coal
Region
qld
Reported Region
QLD
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:6a31b6d72fafefa1554b

Resource Data

Category
indicated
Tonnes
230000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for New Acland.

Evidence · table

“230”

Context: New Acland

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredNew Acland · coalTonnes: 123000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
New Acland
Commodity
coal
Region
qld
Reported Region
QLD
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:075c7a5052d145614421

Resource Data

Category
inferred
Tonnes
123000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for New Acland.

Evidence · table

“123”

Context: New Acland

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredBengalla · coalTonnes: 155000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Bengalla
Commodity
coal
Region
australia_nsw
Reported Region
NSW
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9ca07e77233f3363ab0e
Ownership percent
80 %

Resource Data

Category
measured
Tonnes
155000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical measured resource for Bengalla (80% interest).

Evidence · table

“155”

Context: Bengalla

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedBengalla · coalTonnes: 162000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Bengalla
Commodity
coal
Region
australia_nsw
Reported Region
NSW
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:69ef8190e3d0678be39c
Ownership percent
80 %

Resource Data

Category
indicated
Tonnes
162000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for Bengalla (80% interest).

Evidence · table

“162”

Context: Bengalla

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredBengalla · coalTonnes: 267000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Bengalla
Commodity
coal
Region
australia_nsw
Reported Region
NSW
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:720e1f3d25d660e695e1
Ownership percent
80 %

Resource Data

Category
inferred
Tonnes
267000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for Bengalla (80% interest).

Evidence · table

“267”

Context: Bengalla

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredWest Muswellbrook · coalTonnes: 49000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Muswellbrook
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:bb83b71f9e66769b00eb

Resource Data

Category
measured
Tonnes
49000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical measured resource for West Muswellbrook.

Evidence · table

“49”

Context: West Muswellbrook

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedWest Muswellbrook · coalTonnes: 270000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Muswellbrook
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9a73d0438c134ddc9db5

Resource Data

Category
indicated
Tonnes
270000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for West Muswellbrook.

Evidence · table

“270”

Context: West Muswellbrook

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredWest Muswellbrook · coalTonnes: 337000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Muswellbrook
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dd170dfd69e45616e188

Resource Data

Category
inferred
Tonnes
337000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for West Muswellbrook.

Evidence · table

“337”

Context: West Muswellbrook

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredElimatta · coalTonnes: 110000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Elimatta
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9036c1ecf1b4483e057f

Resource Data

Category
measured
Tonnes
110000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical measured resource for Elimatta.

Evidence · table

“110”

Context: Elimatta

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedElimatta · coalTonnes: 86000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Elimatta
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:62ad027b957c13357436

Resource Data

Category
indicated
Tonnes
86000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for Elimatta.

Evidence · table

“86”

Context: Elimatta

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredElimatta · coalTonnes: 43000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Elimatta
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:7793ac48d59b2d34f33c

Resource Data

Category
inferred
Tonnes
43000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for Elimatta.

Evidence · table

“43”

Context: Elimatta

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredCollingwood · coalTonnes: 43000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Collingwood
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:166e31dd1176bb9c3b66

Resource Data

Category
measured
Tonnes
43000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical measured resource for Collingwood.

Evidence · table

“43”

Context: Collingwood

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedCollingwood · coalTonnes: 139000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Collingwood
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:3af9d94aa8f890796855

Resource Data

Category
indicated
Tonnes
139000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for Collingwood.

Evidence · table

“139”

Context: Collingwood

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredCollingwood · coalTonnes: 94000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Collingwood
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:450ee21036b1a20c752b

Resource Data

Category
inferred
Tonnes
94000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for Collingwood.

Evidence · table

“94”

Context: Collingwood

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedTaroom · coalTonnes: 338000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Taroom
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a2cf6e5663b1dcba4a33

Resource Data

Category
indicated
Tonnes
338000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for Taroom.

Evidence · table

“338”

Context: Taroom

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredTaroom · coalTonnes: 122000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Taroom
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0737044190bc9fc6406d

Resource Data

Category
inferred
Tonnes
122000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for Taroom.

Evidence · table

“122”

Context: Taroom

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedWoori · coalTonnes: 67000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woori
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b797775392d04ba9b203

Resource Data

Category
indicated
Tonnes
67000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for Woori.

Evidence · table

“67”

Context: Woori

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredWoori · coalTonnes: 42000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woori
Commodity
coal
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:e4a62c9aa0a2f57f1729

Resource Data

Category
inferred
Tonnes
42000000

Prior Estimate

Resource Date
2026-05-31

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-18T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for Woori.

Evidence · table

“42”

Context: Woori

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredMaxwell · coalTonnes: 602000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Maxwell
Commodity
coal
Region
australia_nsw
Reported Region
NSW
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:49be35b84b0f1418e6b0
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
602000000

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-24T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical measured resource for Maxwell.

Evidence · table

“602”

Context: Total

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedMaxwell · coalTonnes: 996000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Maxwell
Commodity
coal
Region
australia_nsw
Reported Region
NSW
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:1bc750f2d525f3f3cb32
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
996000000

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-24T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical indicated resource for Maxwell.

Evidence · table

“996”

Context: Total

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredMaxwell · coalTonnes: 722000000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Maxwell
Commodity
coal
Region
australia_nsw
Reported Region
NSW
Ticker
NHC

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:6acb27712658bb42f687
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
722000000

Prior Estimate

Resource Date
2026-02-28

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-24T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: Historical inferred resource for Maxwell.

Evidence · table

“722”

Context: Total

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.