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The Talwood and Walton coal projects in the Bowen Basin have hit the market, with offers sought by Argonaut PCF on behalf of owner Aquila Resources.

It comes as Aquila looks to rationalise its assets to focus on the West Pilbara Iron Ore Project (WPIOP) in Western Australia.

The Walton project is located 180km west of Rockhampton and is described as a potential open cut mining operation, producing high yielding low volatile PCI (LVPCI) coal.

Aquila has undertaken internal development studies to a pre-feasibility standard, and describes process for securing a mining lease and requisite environmental approvals as well-progressed.

The project has a JORC (2012) compliant Mineral Resource of 28.4Mt and is located adjacent to the Blackwater Rail System.

The Talwood coking coal project is located about 35km north of Moranbah,  immediately east and down dip from the BMA Goonyella Riverside and Peabody North Goonyella mining operations.

The vendor says three studies undertaken by Aquila demonstrated development optionality; potential for an underground mining operation or small-scale open-cut operations, targeting a coking coal product suitable for blending.

It has a JORC (2012) compliant Mineral Resource of 148Mt of coal and boasts rail access to the Abbot Point and Dalrymple Bay coal terminals.

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