Delays Possible as Clara Outsources Ashford Coal Feasibility Work
Clara Resources is set to begin a critical drilling program at its Ashford coking coal project in early 2026, aiming to enhance resource confidence and support a Preliminary Feasibility Study that will refine the project's economic outlook.
- Drilling program of 12 holes planned on key Ashford coal lease
- Program aims to upgrade resource classification and coal quality data
- Preliminary Feasibility Study (PFS) to refine project viability and economics
- PFS work outsourced to specialist consultants with targeted completion timeline
- Drilling expected to commence in Q1 2026, advancing mining lease application
Drilling to Boost Resource Confidence
Clara Resources Australia Limited has announced preparations are nearly complete for a significant drilling campaign at its Ashford coking coal project. The program, scheduled to start in the first quarter of 2026, will involve 12 drill holes on the primary exploration lease EL6234. This initiative is designed to upgrade the current resource classification, moving more coal into the Measured category, which is crucial for advancing the project’s development.
Supporting a Robust Feasibility Study
The drilling data will feed directly into a Preliminary Feasibility Study (PFS), which aims to build on the earlier Scoping Study released in 2024. The PFS will provide a more detailed assessment of the economic viability of mining, processing, and exporting coking coal through the Port of Newcastle. It will incorporate refined mining plans, coal quality analyses, and cost models, targeting a financial accuracy within plus or minus 25%.
Coal Quality and Technical Insights
Beyond resource definition, the drilling program will generate critical coal quality data, including coke strength after reaction, sulfur content, ash analysis, and washability. These parameters are essential for optimizing processing methods and ensuring the product meets market requirements. The comprehensive technical work will be conducted by independent specialists, reflecting Clara’s commitment to rigorous project evaluation.
Project Development and Market Positioning
Managing Director Peter Westerhuis highlighted the importance of securing funding and advancing technical studies to demonstrate the project’s attractive fundamentals. With the Ashford project poised to leverage existing infrastructure and a strategic export route, Clara is positioning itself to capitalize on the ongoing demand for high-quality coking coal in steelmaking markets.
Looking Ahead
While the timeline for completing the PFS depends on contractor availability and consultant resourcing, Clara’s proactive approach signals a clear intent to move swiftly through this critical phase. The upcoming drilling results and feasibility outcomes will be pivotal in shaping investor confidence and the project’s next steps toward development.
Bottom Line?
Clara’s upcoming drilling and PFS work will be a defining moment for Ashford’s path to becoming a viable coking coal producer.
Questions in the middle?
- Will the drilling results significantly increase the Measured resource category at Ashford?
- How will coal quality findings influence the processing and marketing strategy?
- What is the anticipated timeline for finalising the PFS and securing project financing?
