Brisbane, Australia (ABN Newswire) - Stanmore Coal Limited (ASX:SMR) are pleased to provide the Company's June 2016 Quarterly Report.

Highlights:

- Official re-opening of mine with Queensland State Premier and other key stakeholders

- First coking coal produced and shipped from Dalrymple Bay Coal Terminal - a total of five shipments completed during ramp up in the June Quarter

- Term contracts signed for 900,000 tonnes of coking coal with major Japanese and Korean steel producers

- Highwall mining operations commenced targeting previously uneconomical open cut coal from the disused S2 pit

- Open-cut mine life expanded from 3 years to over 10 years1 for Isaac Plains Complex:

- Total JORC Reserve2 tripled from 5.0Mt to 15.3Mt

- Total JORC Resource2 more than doubled from 30.1Mt to 76.9Mt (Measured 15.2Mt, Indicated 41.7Mt, Inferred 20.0Mt)

- Clifford resource increased from 370Mt to 620Mt2 (Indicated 190Mt, Inferred 430Mt)

To view tables and figures, please visit:
http://abnnewswire.net/lnk/B5IG41MQ



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