Stanmore Resources Ltd
Stanmore Resources Limited is a resources company with operations and exploration projects in the Bowen and Surat basins.
The business
Stanmore Resources Limited is a resources company with operations and exploration projects in the Bowen and Surat basins. The Company controls and operates the South Walker Creek, Poitrel and Isaac Plains Complex metallurgical coal mines as well as the undeveloped Isaac Downs Extension, Eagle Downs, Lancewood and Isaac Plains underground projects, in Queensland’s prime Bowen Basin region. It holds several additional prospective coal tenements located in Queensland’s Bowen and Surat basins. South Walker Creek is an open-cut mine located approximately 35 kilometers (km) west of Nebo in Queensland's Bowen Basin. Poitrel is an open-cut mine located approximately 35 km east of Moranbah. Isaac Plains Complex is located approximately seven km east of Moranbah. Isaac Downs Extension is an undeveloped open-cut project situated immediately south of the Isaac Downs mine, across the Isaac River. Eagle Downs is a hard-coking coal development project located approximately 20 km from Moranbah.
Small Caps Research
No research on Stanmore Resources Ltd yet
We cover the ASX small-cap market one company at a time. Request coverage and we’ll prioritise SMR based on demand.
Share price
Market Statistics
Valuation
Trading Activity
Performance
Latest news
Stanmore Resources expands Queensland interests with 50% acquisition of Eagle Downs coal project
Stanmore Resources (ASX: SMR) has signed a definitive sale and purchase agreement with a wholly-owned subsidiary of South32 (ASX: S32) to acquire a 50% interest in the mothballed Eagle Downs coal project in Queensland and a 100% interest in Eagle Downs Coal Management. The acquisition will provide Stanmore with a fully-permitted development option for a […]
What does coal’s lesson mean for other commodities?
Investors can learn a lot from coal even if they find it an ethically unacceptable asset with coal’s soaring price a guide to what might happen to other, cleaner, commodities suffering from a lack of new development. The first coal lesson calls for a brief trip back in time to last November when Small Caps […]
Stanmore buys Mitsui’s stake in QLD coal venture, IDP Education appoints new CEO and Santos purchases pipeline route
Stanmore Resources (ASX: SMR) has announced it will buy Mitsui & Co’s remaining 20% stake in BHP Mitsui Coal (now renamed Stanmore SMC) the company’s joint venture with BHP Group (ASX: BHP), for an estimated $380 million. The Australia-based resources company plans to fund the purchase through internal resources, which comes after it agreed on […]
Are Australian coal mining companies oversold?
There is a world of difference between a commitment to “phase-out” a commodity, and a proposal to “phase-down” a commodity, which is a reason for taking a fresh look at heavily oversold Australian coal mining companies. While not widely researched because they have become ethically incorrect, some coal stocks are trading at close to half […]
Looking for charts & signals? See the tab.
Unlock the full research library - free.
Create a free account to access every broker report, CEO interview, IPO alert, and daily market wrap. No credit card. No paywall.