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SRK was commissioned by Deloitte Corporate Finance to assist on certain specialist matters and in the preparation of its Independent Expert Report for the Foxleigh and Katingan Ria coal projects held by Realm Resources Limited.
Foxleigh Mine is an open cut operation located in Queensland’s Bowen Basin coalfield, producing low volatile PCI coal. Katingan Ria is a thermal coal project located in Central Kalimantan, Indonesia.
SRK provided advice on the technical assumptions adopted in the finance models for the projects, assessed the level of resources and reserves and provided an opinion on the market value of the exploration assets.
SRK’s Independent Specialist Report was prepared in accordance with the VALMIN Code (2015), which incorporates the JORC Code (2012).