Exploration

New Hope has a strongly developed exploration program with projects in South East and Central Queensland.

New Hope's objective is to increase its Australian production through existing resources development, new resource exploration and acquisitions. To achieve this goal the company has extensive exploration projects in both South East and Central Queensland.

In the Darling Downs project areas, the target is Walloon Coal Measures for open cut mining of steaming coal for export and local consumption, similar to the coals currently mined at the New Acland, New Oakleigh and Jeebropilly mines.

The Central Queensland project areas are targeting areas with a potential to host resources of coking, thermal, and PCI coal that could be developed for the export market.