- Forge Resources (CSE: FRG, OTCQB: FRGGF, FSE: 5YZ) reports significant progress at the La Estrella Coal Project, with a shift to a mechanized mining approach.
- The new development machinery is expected to enhance operational efficiency, supported by stable and competent rock structures.
- CEO PJ Murphy emphasizes the commitment to safety, efficiency, and environmental responsibility as the project advances.
Forge Resources Corp. (FRGGF, Financial) has announced noteworthy progress in the decline development at its La Estrella Coal Project, located in Santander, Colombia. The company has transitioned to a more mechanized approach, supported by newly arrived development machinery, to expedite the project's advancement.
The enhanced equipment selection is set to improve the development pace, optimize operational efficiency, and align with stringent safety and environmental protocols. The competency and stability of the rock structure at La Estrella have exceeded initial expectations, offering further confidence in the project's long-term feasibility.
CEO PJ Murphy highlighted that the steady progress achieved reflects months of strategic planning. By integrating the new machinery, Forge Resources aims to accelerate development while prioritizing safety, efficiency, and environmental responsibility.
The La Estrella Coal Project, fully permitted, contains eight known seams of metallurgical and thermal coal. Forge Resources, holding a 60% interest with an option to increase to 80% in Aion Mining Corp., continues its commitment to advancing this valuable asset while maintaining high operational and environmental standards.
