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.
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.
