Stanmore Resources LtdASX: SMR

Surat Basin Rail Gains Key Government Approval

· Issued by Stanmore Resources Ltd

Filed with ASX · · 2 pages · English

Summary by 6ix AI

Stanmore Resources Ltd has announced that the Queensland Government has approved the development scheme for the Surat Basin Infrastructure Corridor, which includes the Surat Basin Rail link to the Port of Gladstone. This approval allows the Surat Basin Rail Joint Venture to proceed with land acquisition and construction, with operations expected to begin in the near future. Stanmore Coal has applied for capacity on the rail to transport coal from The Range project, enhancing its position in the coal export market. The Managing Director expressed satisfaction with this milestone, indicating it is crucial for the company's coal project timeline.

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