• Coal project adjacent to the existing Collie Sub-basin coal deposit with confirmed resources in excess of 700mt.
• The Coal project sits within this region and has potential for large tonnage. Early drilling suggests Collie Sub-basin extends south ward.
• Early drilling/regional data suite reviewed. Analysis has been completed by independent geologists and geophysicist, information is aligned with CRA, Exxon and Shell concealed basins data.
• Coal project is well positioned and offers low cost entry circa $50,000, with potential for shallow quality resource.

• Six granted, contiguous mineral claims in the S-SW of the Athabasca Basin comprising 5,381 ha
• Claims are bordered to the NW by Areva Resources Canada and to the SE by NexGen Energy Ltd. This project is located approximately 40 km from the Patterson Lake deposit.
• The Project is located within the Manitou Falls Formation. The Manitou Falls Formation is the host for many of the basement unconformity related uranium deposit in the Athabasca Basin.
• No renewal costs or minimum spend commitments for two years (ending September 2017)

• JORC Code-compliant resource estimate of 125Mt indicated & inferred coal.
• Four coal seams located at a depth starting at 180m.
• All seams exhibit a low to moderate ash, with a generally high yield.
• This resource estimate agrees that the coal should readily produce a PCI product, with potential for a coking coal fraction from these seams in places.

• Coal Exploration Permit is located to the NW of the coastal regional town of Bunderburg, QLD
• Highly prospective Maryborough Basin area with ages ranging from Triassic to Cainozoic with excellent infrastructure and coastal location.
• Nearby mines and resources included Guilford Coal, Waratah and New Hope.
• Limited exploration has been conducted to date.

• 30 m thick seam with favourable stripping ratio.
• Low barriers to development
• Delineated brown coal resource with high energy.
• Close to transport infrastructure.

• One of the rare uranium resources in WA
• Uranium mining now allowed in WA
• Uranium price forecasts to rise.

• Bedrock conductors identified associated with mineralised linear magnetic units which outcrop as mafic-granulite and quartz-magnetite (metamophosed BIF).
• Outcropping mafic-granulite-amphibolite rocks associated with extensive linear magnetic anomalies terminating at a circular, 1.2km diameter magnetic high anomaly - possible mafic intrusion.
• Anomalous Au, arsenic and reports of gold having been mined in a reef up to 7m thick and 14 g/t Au, pre 1900s, within a Tropicana style setting.
• New discovery of a Fe rich metamorphosed BIF - Southdown type. 48% Fe average for 5 samples taken across extensive width - strike extent unknown.

Added 01/08/2014, viewed 351 times.