Amended Announcement Coal Resources and Reserves 2026

Key points

• Bengalla Mine Resource increase by 262 million tonnes
• New Acland Mine Resource increase by 151 million tonnes
• No change in Reserves for Elimatta and Taroom

Full summary

New Hope Corporation Limited (ASX:NHC) has updated its coal resources and reserves for 2026, reflecting new exploration data and geological models. The Bengalla Mine saw a substantial increase in resources, totaling 584 million tonnes, with 100 million tonnes classified as underground resources. This increase is primarily due to exploration drilling and the extension of the geological model into new exploration licenses. Meanwhile, the New Acland Mine's resources increased by 151 million tonnes, supported by updated geological models and exploration drilling. The company's reserves for Elimatta and Taroom remained unchanged. These updates were prepared in accordance with the JORC Code (2012).