Stanmore Resources (ASX:SMR) Secures Key Contracts and Expands Project Portfolio in Q3FY24

Tue 14 Jan 25, 05:33 AM | Team Kalkine

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Highlights

In 3QFY24, SMR secured a five-year mining services contract, ensuring operational stability through 2025 and beyond.

Recently, the company has acquired 100% of the Eagle Downs project and the Isaac South designated area, supporting future development.

In H1FY24, SMR’s revenue dropped by 11.06% YoY, with a 30% decline in average coal sales prices.

SMR has maintained production forecast for FY24 at 12.8-13.6Mt, with improved FOB cash costs of USD 93-98 per tonne.

Stanmore Resources Ltd (ASX:SMR) is an ASX-listed mining company that produces and sells metallurgical coal, a critical raw material for steelmaking.

Activities undertaken in the latest quarter

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