NEWS UPDATE - 05 September 2023
Bathurst Resources Limited (ASX:BRL) is pleased to announce it has entered into an agreement to purchase the assets of the Tenas Coking Coal Project from Telkwa Coal Limited, a subsidiary of Allegiance Coal Limited.
- manage and operate four operating open-cast mines in New Zealand;
- already have established interests in British Columbia, Canada, we are a co-investor in a metallurgical coal project in the Elk Valley; and
- have a proven track record of high standards in safe operations, environmental rehabilitation, operational excellence and cultural engagement with Indigenous Peoples.
- will maintain the office on level 1 above the Village of Telkwa Office;
- will continue the high standards of the Project; and
- looks forward to meeting and engaging with the community, key stakeholders and Indigenous Peoples as we continue to progress from Project to production.
Further information is available on our website: www.bathurst.co.nz
RESPONSE TO COVID - 19
It's important that we listen to provincial health guidance to ensure we are doing our part to protect the health of our communities. In this regard, TCL has implemented several actions that will remain in place until we receive further direction from public health officials:
- We suspended our community engagement from mid March-June 2020. Since this time we've limited in-person engagement, and when doing so have followed provincial health guidance
- We closed our local Telkwa office and corporate office in Vancouver in mid-March 2020. We re-opened both offices in early June, in accordance with provincial guidance.
- Most employees are working from home, where they are available virtually or by phone.
- We are working with our business partners to ensure that any field work is completed with extra precautions.
The Tenas Project is located in the Bulkley Nechako region, 25 km south of Smithers and 7 km southwest of Telkwa, BC. The Project will produce approximately 775,000 to 825,000 tonnes of steelmaking coal annually, with a mine life of about 25 years including construction, operations, and reclamation phases.
