SUMMARY

  • 100% interest
  • Rail easement access connecting to rail and deep sea port with surplus capacity
  • Independent JORC (2012) Exploration Target of 2 to 3.3 billion tonnes of anthracite coal
  • Ultra low volatile (ULV) anthracite coal suitable for large scale ULV PCI coal operation

Project Highlights

  • 361 km2 tenement package acquired in 2015
  • South of the Groundhog Anthracite Project owned by Atrum Coal Limited (ASX:ATU) and south-east of the Panorama Anthracite Project owned by Japan Oil, Gas and Metals National Corporation (JOGMEC)
  • Groundhog South boasts and independently estimated JORC (2012) Exploration Target of 2 to 3.3 billion tonnes of anthracite coal
  • Initial 5 year drilling permit granted in March of 2018
  • Significant coal outcropping across the project area
  • Targeting Groundhog-Gunanoot and Skelhorne coal-bearing rock units
  • Seeking to deliver a project capable of supporting a large scale ULV PCI export operation
  • 2018 exploration plans include:
    • A comprehensive diamond core drilling program of up to 35 holes located close to the rail subgrade to optimise transportation efficiency
    • Drill holes will be limited to 0 to 250m depth in most cases testing the upper extent of the coal seam package
    • Petrography, ultimate analysis and proximate analysis will be completed concurrent with maiden drilling
    • Initial JORC (2012) Coal Resource expected to be delineated within 6 months from listing
    • Scoping Study & Preliminary Economic Assessment expected to be completed within 6 to 9 months of listing, following maiden resource estimation
    • Local community and First Nations work force integral to the skilled and unskilled personnel on site – social licence and local content is a critical factor to development success

Target Geology

Location Map

Ridley Coal Terminal