Summary by Moomoo AI
COALMINE AUSTRALIA LIMITED (SHARE CODE: 3668) ISSUED A VOLUNTARY ANNOUNCEMENT ON 23 FEBRUARY 2024 TO PUBLISH ITS REPORT ON COAL RESOURCES AND RESERVES FOR THE YEAR ENDED 31 DECEMBER 2023. The report showed that Coal Group's coal resource exploration, labeling and inferencing volumes decreased by 6.6% compared to the previous year, down from 5,201 million tons to 4,857 million tons. Probable reserves and probable coal reserves also declined by 1.9% and 1.5%, respectively. The report is prepared in accordance with the Australian Mineral Resources and Ore Reserves Reporting Standards (JORC) and is reviewed and prepared by a number of qualified persons. COALCO SAID THAT UNDER THE CURRENT PRODUCTION PLAN, THE LEASE TERM IS SUFFICIENT TO ALLOW THE COAL RESERVES UNDER THE LEASE TO BE FULLY EXTRACTED. In addition, the Company is not aware of any new data or data that has a significant impact on the data contained in the report.