YAL.ASX: Coal Resources and Coal Reserves Statement

Coal Resources and Coal Reserves Statement

Stock	Yancoal Australia Ltd (YAL.ASX)
Release Time	20 Feb 2025, 7:55 p.m.
Price Sensitive	Yes

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Yancoal Australia Ltd reports Coal Resources and Reserves for 2024

Key Points

Yancoal's total attributable Coal Resources decreased by 9.4% to 4,400Mt
Yancoal's total attributable Recoverable Coal Reserves decreased by 5.2% to 920Mt
Marketable Coal Reserves decreased by 5.6% to 680Mt

Full Summary

Yancoal Australia Ltd has released its Coal Resources and Coal Reserves statement for the year ending 31 December 2024. On an attributable basis, Yancoal's total Coal Resources decreased by 9.4% to 4,400Mt, while its total Recoverable Coal Reserves decreased by 5.2% to 920Mt and Marketable Coal Reserves decreased by 5.6% to 680Mt. The decreases were primarily due to production as well as other non-production changes such as coal sterilization, life of mine plan changes, and adjustments to geological models. The Coal Resources and Coal Reserves statement was prepared in accordance with the JORC Code, with the Competent Persons listed in the report being either independent consultants or fulltime employees of Yancoal and its joint venture partners. Yancoal is not aware of any new information or data that would materially affect the estimates reported.