OC4B Project

  • Location: Kriel, Mpumalanga, South Africa

  • Permit Holder: 2 Seam (Pty) Ltd

  • Project Value: Approx. 1.2 million tonnes of mineable coal reserves

  • Timeline: Expected Start – March 2025
    Estimated Completion – August/September 2026

Synopsis

OC4B represents the next phase in the expansion of the Kriel coal resource cluster under the 2 Seam mining right. Positioned adjacent to OC4 and OC4A, this new pit contains approximately 1.2 million tonnes of coal reserves and is scheduled to begin mining operations in March 2025.

Key Takeaways for Investors

  • Resource Continuity: OC4B builds on the proven value chain established by OC4 and OC4A.

  • Strong Reserve Base: At 1.2 million tonnes, OC4B is the largest pit to date under this license.

  • Operational Learnings Applied: Past project challenges (water, timing, logistics) are directly informing OC4B's setup.

  • Strategic Timing Potential: Market conditions closer to 2026 may again favor thermal coal demand regionally and internationally.

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