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Bathurst Resources Limited (ASX:BRL)

ALERT: Price-sensitive ASX Announcement for BRL
Current share price for BRL : $0.445 -0.185 (-29.37%)+
Announcement
Release
31 Oct 2025 4:15PM
Price at Release
$0.630
Full Release
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Summary
Bathurst Resources Limited, in collaboration with BT Mining Limited, has completed a Prefeasibility Study for the Buller Plateaux Continuation Project, confirming coal reserves of 11.81 million tonnes for the Mount Frederick South and Escarpment Extension sub areas. The project aims to extend the life of Stockton Mine, supporting regional economic growth and providing significant employment opportunities. The PFS indicates a strong economic outlook with a post-tax NPV of NZ$ 323 million and highlights the project's low capital requirements and reliance on existing infrastructure. Potential risks include environmental permitting and market volatility.
Key Points
  • Bathurst Resources Limited (BRL) has completed a Prefeasibility Study (PFS) for the Buller Plateaux Continuation Project (BPCP).
  • The PFS confirmed project coal reserves of 11.81 million tonnes for Mount Frederick South and Escarpment Extension sub areas.
  • The project aims to extend the operational life of the Stockton Mine and involves developing new deposits at Mount Frederick South and Escarpment Extension.
  • BRL owns 65% of the project with BT Mining Limited, and the project is listed under the Fast Track Approval Act 2024.
  • The PFS resulted in a post-tax Net Present Value at a discount rate of 8% (NPV(8)) of NZ$ 323 million, with segments MFS and ESE contributing NZ$ 88 million and NZ$ 193 million respectively.
  • The project supports 390 direct jobs in the Buller district and generates significant economic activity.
  • Total Marketable Reserves for MFS and ESE are estimated at 11.7 million tonnes.
  • The project is economically viable with low capital requirements and utilizes existing infrastructure for coal handling and processing.
  • Key risks include market volatility, environmental permitting, and mining operations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.