Coal Mining Rights for Sale in Newcastle, South Africa

This proposal outlines a unique investment opportunity for the acquisition of coal mining rights located in the Utrecht Coalfield, KwaZulu-Natal, South Africa. The rights cover four farms with a total area of 6,662.61 hectares, situated approximately 8 km south of Utrecht. The estimated reserves comprise 2.1 million tonnes suitable for open-cast mining, including 370,000 tonnes of high-grade anthracite coal, and an additional 7.3 million tonnes of bituminous coal suitable for underground mining. The identified coal seams are Alfred, Gus, and Dundas. Geological data, including historical boreholes and a 2023 drilling program, adheres to the SANS 10320:2004 code of practice, with a geological CPR available. Environmental assessments, reclamation, and regulatory compliance are in place. The sale involves 50% of the share of the prospecting right. There is potential for resource expansion and economic extraction of old pillars, with further drilling recommended to confirm these opportunities and upgrade underground blocks to measured status.