Paringa Resources Ltd

ASX:PNL

Paringa Resources Ltd. is an exploration company, which engages in the acquisition, exploration, and development mineral properties. The company is headquartered in New York City, New York and currently employs 0 full-time employees. The company went IPO on 2012-12-20. The firm is focused on the development of Buck Creek coal mining complex (Buck Creek Complex) located in the western Kentucky region of the Illinois Coal Basin. The firm controls over 35,000 gross acres of coal leases within an area of interest of approximately 72,000 acres. The Buck Creek Complex consists of over two undeveloped coal mines, such as the Poplar Grove Mine and Cypress Mine. The Buck Creek Mine Complex has a Joint Ore Reserves Committee (JORC) Measured and Indicated Coal Resource Estimate (CRE) of approximately 224 million tons of thermal coal. The firm has secured over 14,000 gross acres (approximately 5,600 hectares) of coal leases in the Arkoma Coal Basin in Arkansas, the United States (Arkoma Coking Project). The firm's subsidiaries include Hartshorne Coal Mining Pty Ltd, HCM Resources Pty Ltd and Hartshorne Holdings LLC.