EL 29011 Final and annual report for the period 25 June 2012 to 14 May 2014

Abstract

The rationale for applying for EL 29011 was coal seams intercepted in Permian age Bonaparte Basin Kulshill Group sediments from drilling for coal and petroleum. Desktop study revealed multiple coal intersections greater than 0.4 metres reported with the greatest net coal thickness from historic drilling of 4 metres. The latter result was coal seams intercepted in drill hole Keep River-1 within EL 29011. Nearest intercepts of coal seams are concentrated northwest and east of the tenement. The exploration target being considered was export quality thermal coal resources amenable to open pit mining. EL 29011 is favourably located 100 kilometres from the deep-water port of Wyndham. The location in Northern Australian offers a competitive advantage for shipping costs compared with thermal coal shipped to Asian destinations from the Port of Newcastle in New South Wales. The work program for the year ending 24 June 2014 was restricted to desktop risk - reward evaluation of EL 29011. The risk - reward balance did not support an application to renew this tenement. EL 29011 was relinquished on 14 May 2014.