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New Hope Corporation Limited (ASX:NHC)

ALERT: Price-sensitive ASX Announcement for NHC
Current share price for NHC : $5.590 1.23 (28.21%)+
Announcement
Release
16 Sep 2025 8:12AM
Price at Release
$4.360
Full Release
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Summary
New Hope Corporation Limited has released an update on its coal resources and reserves as of 31 May 2025. The total coal resources amount to 2,547 million tonnes, with notable updates including an increase in the West Muswellbrook deposit due to a new geological model. The resource estimates for New Acland and Bengalla are based on 2024 figures minus depletion. The coal reserves total 818 million tonnes, with recoverable reserves at 385 million tonnes and marketable reserves at 507 million tonnes. The estimates conform to the JORC Code 2012, with competent persons overseeing the resources and reserves declarations.
Key Points
  • Exploration within New Acland Stage 3 mining pit is ongoing.
  • Coal resources and reserves are stated as of 31 May 2025.
  • Resource increase in West Muswellbrook due to a new geological model.
  • Bengalla and New Acland reserves are based on depletion from 2024.
  • Total coal resources amount to 2,547 million tonnes.
  • Total coal reserves amount to 818 million tonnes.
  • All figures conform to the JORC Code 2012.
  • The report was compiled by competent persons with requisite experience.
  • No significant changes in estimates for other operations.
  • Further studies planned for Bengalla mining extensions.
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.