Brisbane, Australia (ABN Newswire) - Stanmore Coal Limited (Stanmore or the Company) (ASX:SMR) is pleased to announce its first shipment of coking coal has been loaded at the Dalrymple Bay Coal Terminal. The first coal sale represents a major milestone for the Company, completing the restart of the Isaac Plains mine which was acquired in November last year.

HIGHLIGHTS

- The first shipment of coking coal through Dalrymple Bay Coal Terminal has been loaded today

- This marks the first coal sale for Stanmore from Isaac Plains into offtake contracts with top tier Asian steel mills

Nick Jorss, Managing Director of Stanmore, said "On behalf of the Board I would like to express our sincere thanks to the key staff, contractors and consultants as well as to the 150 workers now employed at Isaac Plains who have worked diligently to restart the mine in such a rapid and safe manner."

"We are very proud to have joined the ranks of coal producers from Queensland's premier Bowen Basin which supplies some of the highest quality coking coal in the world as an essential raw ingredient to the steel industry. We are also very pleased to be contributing significant direct and indirect employment opportunities as well as kicking off the flow of millions of dollars in royalties each year to the State of Queensland."



About Stanmore Coal Limited:

Stanmore Coal (ASX:SMR) operates the Isaac Plains coking coal mine in Queensland's prime Bowen Basin region. Stanmore Coal owns 100% of the Isaac Plains mine and the adjoining Isaac Plains East expansion project. The company is focused on the creation of shareholder value via the efficient operation of Isaac Plains, timely development of Isaac Plains East and identification of further development opportunities within the region. In addition Stanmore Coal holds a number of high quality development assets in both coking and thermal coal located in the Queensland’s Bowen and Surat Basins.



Source:

Stanmore Coal Limited



Contact:

Mr Nick Jorss
Managing Director
T: +61-7-3238-1000

Mr Andrew Roach
Chief Financial Officer & Company Secretary
T: +61-7-3238-1000