Other Assets

Assets Overview

INTRODUCTION

In Queensland, the Company hold interests in various EPC and MDL tenure in the Bowen, Surat and Galilee Basins. Additionally, the Company has joint venture agreements on tenements with Blackwood Resources. During the financial year, the Company completed its divestment of the Mount Hillalong and Cooroorah tenements in return for issued shares in Bowen Coking Coal (ASX:BCB).

Most of the coal tenements are in the Bowen Basin, a major source of supply of some of the world's best metallurgical, PCI and thermal coal. The Company also has coal tenements in the Surat, Galilee and Clarence-Moreton Basins. These basins contain large reserves of thermal coal and currently produce coal for export and domestic use. The Company’s coal tenements are close to rail and road infrastructure and some are down-dip or along strike of operating coal mines or known coal resources. The Company will continue to assess potential development or divestment opportunities in relation to these assets.

APC Tenements Overview map

 

Project Summary

EPC Name Status Area
(km2)
Location Target Coal Coal Type
COORORAH PROJECT
MDL  453* Cooroorah Granted 16 16km N of Blackwater Rangal and
Burngrove
Coking, PCI &
Thermal
EPC 1859 Dingo Granted 22 Around Dingo 50km E
of Blackwater
Rangal and
Burngrove
Thermal & PCI
MOUNT HILLALONG PROJECT*
EPC 1645 Mount Hess Granted 32 20km SE of Glenden    
EPC 1773 Kemmis Creek Granted 7 32km SE of Glenden Fort Cooper Coking & Thermal
EPC 1824* Mount Hillalong Granted 48 6km E of Glenden Rangal Metallurgical & Thermal
EPC 1867 Mount Hess West Granted 7 16km SE of Glenden    
SOUTH CLERMONT
EPC 2011 South Clermont Granted 35 Adjacent to Clermont Blair Athol coal
measures
Thermal

* In October 2017, the Company completed the divestment of these tenements to Bowen Coking Coal Limited (ASX BCB). At the date of this report, the Company retains a 9% equity interest in BCB through the shareholder of its wholly owned subsidiary Area Coal Pty Ltd.

EPC Name Status Area
(km2)
Location Target Coal Coal Type
BLACKWOOD JOINT VENTURE
EPC 1955 Bungaban Creek Granted 205 60km N of Miles Walloon coal
measures
Thermal
EPC 1987 Quondong Granted 112 40km N of Miles Taroom coal
measures
Thermal

The Company’s 100% owned subsidiary Mining Investments One Pty Ltd holds a 10% interest in each of the Blackwood Resources Pty Ltd JV tenements.

  Name Status Area
(km2)
Location Target Coal Coal Type
MATUAN DOWNS BENTONITE PROJECT
ML 70360 Mantuan Granted 2 78km S of Alpha Bentonite 3m bentonite

The Mantuan Downs project remains in care & maintenance. The Company is assessing various options with respect to disposal or further development of the asset.