Malabar Coal Limited have announced that acquisition of
100% of the Drayton mine assets is now completed.
The Drayton mine assets provide the infrastructure that will be used in
Malabar’s Spur Hill Project and includes a coal preparation plant, coal
stockpiling facilities, a rail loop, administration offices, workshops and other
The acquisition also includes Exploration Licence 5460 (EL) which contains
the condition that restricts any potential development to underground mining
Malabar has commenced technical studies to prepare a development
application which incorporates the existing Drayton mine infrastructure.