• Group Production Target of 33.9Mt of product coal to FY40
• Export segment accounts for 53% of Production Target
• North Island Domestic segment accounts for 17% of Production Target
• Tenas Project in Canada expected to produce 750kt per annum

Bathurst Resources Limited (ASX:BRL) has announced updated Production Targets for its operating mines and development projects across the Group, which includes Bathurst owned mines and BT Mining Limited (65% owned by Bathurst) owned mines. The Group Production Target is 33.9Mt of product coal to FY40. The Export segment, which includes the BT Mining Stockton and Cypress operating mines and the Buller Coal Plateaux Continuation Project (BCPCP), accounts for 53% of the Production Target. The North Island Domestic segment, consisting of the Rotowaro and Maramarua mines, accounts for 17% of the Production Target. The South Island Domestic segment, comprising the Takitimu mine, makes up 1% of the Production Target. The Tenas Project in British Columbia, Canada, which is 100% owned by Bathurst, is expected to produce 750kt of saleable steelmaking coal per annum over a 22-year mine life, with first production planned for FY28. The Production Targets are derived from Measured, Indicated and Inferred Mineral Resources, with the Ore Reserve Estimate representing 28% of the Production Target tonnage. Bathurst has highlighted the lower level of geological confidence associated with Inferred Mineral Resources and the uncertainty that further exploration work will result in the conversion to Indicated Mineral Resources or the realization of the Production Targets.

Bathurst Resources Ltd has provided a detailed Group Production Target statement for its operating mines and development projects across Australia and Canada, with a total of 33.9Mt of product coal expected to FY40. The key segments of the Production Target are the Export segment (53%), North Island Domestic segment (17%), and the Tenas Project in Canada (expected to produce 750kt per annum).