Buller is Bathurst's wholly owned metallurgical-coal growth project and integrates the Escarpment Extension and Mount Frederick South areas with Stockton processing, haulage, rail and port infrastructure. The October 2025 PFS outlines average production of about 1.2 Mtpa over more than 13 years, while the wider study also incorporates adjacent BT Mining-controlled areas and existing Stockton feed. Bathurst must remit royalties to L&M under the Royalty Deed on all coal sold from the Buller Coal project, including production through the Buller Plateaux Continuation Project. The acquisition terms include two contingent US$40 million performance payments, triggered by shipment of 25,000 tonnes and 1 million tonnes respectively, or both upon a deemed change of control. Bathurst may defer those payments and the associated performance shares by paying a higher royalty until the payments are made.
- Country
- New Zealand
- Commodity
- Coal
- Stage
- Pre-Feasibility