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BATHURST RESOURCES LIMITED. — Capital/Financing Update 2017
Apr 5, 2017
64563_rns_2017-04-05_f2edddc2-2932-473c-86bd-5ae4dedff88d.pdf
Capital/Financing Update
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T +64 4 499 6830 F +64 4 974 5218 E [email protected]
Level 12, 1 Willeston Street Wellington 6011, New Zealand PO Box 5963 Lambton Quay Wellington 6145, New Zealand
6 April 2017
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Market Announcements Australian Securities Exchange Level 4, 20 Bridge Street SYDNEY NSW 200
Bathurst Resources Limited (ASX:BRL) is pleased to announce that it has been successful in tendering for a significant new coal supply agreement from the Company’s Canterbury Coal mine, situated West of Christchurch.
The agreement will see supply of up to 65,000 tonnes per annum (with an escalation option) for up to 10 years from Bathurst’s Canterbury Mine.
Bathurst’s CEO, Richard Tacon stated “this is an exciting development for the Company. This contract replaces the supply lost last year with the closure of the Westport cement works and enhances the Company’s South Island domestic supply strategy”.
The Canterbury mine was purchased in 2013 and redeveloped over the last three years and has seen a significant increase in reserves through a targeted exploration and evaluation process.
On behalf of Bathurst Resources Limited.
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Jason Hungerford Company Secretary