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Whitehaven will seeka partner to develop the project, in the Gunnedah basin in New South Wales.
“[We will] seek a joint venture for this long-life development, which will produce Maules Creek-quality coal,” Whitehaven ceo Paul Flynn said.
The Vickery project runs alongside a road used by Whitehaven to haul coal from its Tarrawonga and Rocglen mines.
It has total resources of 537 million tonnes, with high-quality thermal and metallurgical coal products.
Whitehaven’s Maules Creek project started in January 2014 and was more than 50% complete by the end of June.
It will ultimately produce about 13 million tpy, with the first coal sales expected in the first quarter of 2015.