New Hope Group Coal Resources and Reserves 2026
New Hope Corporation Ltd
Key points
- Bengalla Mine Resource increased by 262 million tonnes to 100Mt
- New Acland Mine Resource increased by 151 million tonnes to 283Mt
- No changes in other assets' Resource and Reserve estimates
- Updated geological models and exploration data underpin new estimates
Full summary
New Hope Corporation Limited announced the 2026 update of its Coal Resources and Reserves, showing an increase in resources due to recent exploration activities. The Bengalla Mine saw a significant increase in underground resources to 100Mt, with an additional 238Mt of open-cut resources identified. New Acland Mine's resources increased by 151 million tonnes. The company's other assets saw no changes in their resource and reserve estimates from 2025. These updates reflect the company's commitment to maintaining and expanding its coal reserves through ongoing exploration and geological modeling.
Outlook
The company plans to continue exploration and feasibility studies to potentially extend operations into exploration licence areas, aiming to convert additional resources into reserves.