Other assets

New Hope Group has interests in exploration assets, legacy sites and strategic investments, outlined below.

Bengalla Exploration License 9431 (80% interest)

On 4 July 2022, the NSW Government granted Exploration License 9431 (EL 9431) for an area of 556 hectares adjoining the western boundary of the Bengalla Mine. The team is undertaking a program of exploration, to identify potential available economic coal resources.

For further information, please contact community.relations@newhopegroup.com.au.

West Muswellbrook

New Hope Group’s West Muswellbrook Assessment Lease (AL19) covers an area of approximately 8,100 hectares to the west of Muswellbrook in New South Wales.

Our subsidiary, New Hope West Muswellbrook Pty Ltd, acquired the Assessment Lease in early 2024.

Building on exploration and assessment work carried out by the previous operator, we are currently carrying out desktop activities to further assess the area for potential development as a future mining project. We will be in contact with any affected landholders and residents well before any on the ground exploration or assessment activities are carried out within the Assessment Lease. Any development of the West Muswellbrook into a mining project is expected to take many years and will be subject to substantial community consultation, environmental impact assessments and regulatory approvals.

Click here to read the Community Consultation Strategy for West Muswellbrook Assessment Lease (AL19).

For further information, please contact our land and tenures team on (07) 3418 0500 or landandtenures@newhopegroup.com.au.

Jeebropilly Mine

New Hope Group previously operated coal mines near the city of Ipswich in Queensland, including the Jeebropilly Mine. Operations at Jeebropilly ended in 2019, and ~70% of the site has been rehabilitated to land suitable for grazing. This post-mining land use was determined in initial approvals conditions, with operations commencing in 1982.

Since then, the area has been identified by local and state governments as an industrial zone, to support economic development. In this context, we have examined opportunities for redevelopment of the former mining and surrounding areas during rehabilitation to complement the land uses nearby, such as mixed use and industrial.

For further information, please contact our land and tenures team on landandtenures@newhopegroup.com.au.

Malabar Resources (19.97% interest)

Our investment in Malabar Resources aligns with our strategy to invest in low-cost coal assets with long-life approvals – and also diversifies our portfolio by providing exposure to metallurgical coal.

Malabar’s flagship asset, the Maxwell Mine, is located south of Muswellbrook in New South Wales and uses underground mining methods. First coal was produced and shipped during Q4 of FY23, and the mine is targeting up to a total of 6.5Mtpa saleable coal, predominantly semi-soft coking coal.

Visit the Malabar Resources website

Exploration & undeveloped assets

We hold a number of undeveloped coal assets in Queensland. These include the North Surat Project, which consists of the Elimatta, Taroom, Collingwood and Woori exploration areas, and the Bee Creek tenement. These assets offer potential opportunities to be developed in future, depending on project approvals and economics.

For further information, please contact us on landandtenures@newhopegroup.com.au.

Successfully relocating a 120-year-old bottle tree

A 120-year-old bottle tree has found new roots at the entrance of New Acland Mine.

Bulimba Creek Catchment Coordinating Committee working bee

Contributing to revegetation around Brisbane.

Enhancing biodiversity at the Lagoon Creek Conservation Zone

Work has begun on New Acland Mine’s 13.5-kilometre Lagoon Creek Conservation Zone, which will see more than 3,000 trees planted over the next decade.