New Hope Corporation provides Coal Resources and Reserves update; Shares up on ASX

New Hope Corporation Limited (ASX: NHC) has provided 2022 update of Coal Resources and Reserves as per the JORC Code 2012.

Key updates from the prior reporting period are:

• The Bengalla Resource and Reserves estimate uses updated geological model data, along with the present extents of mining.
• The New Acland Resource and Reserves volumes remains comparatively unaffected from 2021. This is because in 2021 there was limited mining undertaken in the area over the period.
• A new geological model for the Elimatta project has been used.
• In 2022, the Company sold Burton and Lenton deposits. The earlier reported resources have been removed.
• The tenements connected with the Yamala project have been relinquished and formerly reported resources removed, subsequent a comprehensive review and decision by the joint venture parties.

At AEST 10:55 AM, NHC shares are trading at AU$5.670, up 3.846% from the previous close. 

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