Blackwater

Blackwater Project (AQC 100%)

blackwater

The Blackwater project comprises 2 EPCs, 'Cooroorah' and 'Dingo', targeting Rangal and Burngrove coal within a 50km radius of Blackwater. AQC is currently reviewing its opportunities for the Blackwater project, either to further expand the resource or to divest. A summary of key facts about the tenements is tabulated below.

 
EPC Name Status Area (km2) Location Target Coal Coal Type Depth Potential
MDL  453 Cooroorah Granted 22 16km N of Blackwater Rangal and Burngrove Coking, PCI & Thermal Burngrove to 120m, Rangal 250 to 500m 125Mt JORC resource (70Mt Indicated, 55Mt Inferred), 12Mt open cut target in Burngroves
EPC 1859 Dingo Granted 22 Around Dingo 50km E of Blackwater Rangal and Burngrove Thermal & PCI 120 metres Open cut potential, 4 seams 12m thickness

Cooroorah - MDL 453

Cooroorah is located 17 kilometres north of Blackwater. It abuts, and is down-dip from, Macarthur Coal's Stanwell project and is due west of the Jellinbah Mine. Cooroorah is well located for services and infrastructure.

In July 2013, the Company announced a resource estimate for the project of 125Mt, comprising 70Mt indicated and 55Mt Inferred resource. Based on limited coal quality sampling and information from adjacent operating mines and exploration prospects, it is expected that this coal will largely be of metallurgical quality.

A second coal target exists in the Burngrove formation, targeting heavily banded coal that can be washed at the nearby Washpool Project to form a hard coking product. Historical washplant testing confirms that similar coal exists at Cooroorah. Drilling has defined a zone of approximately 3 km in strike length and 1 km in width down dip. Further drilling will provide coal samples for wash plant recovery and market analysis.

Dingo – EPC 1859

EPC 1859 – Dingo, located over the town of Dingo, has previously yielded shallow intercepts (<100m) of both Burngrove and Rangal coal. This project has an open cut target of 20Mt.