Highlights

Coal seams of the Bandanna Formation have been intersected by recent drilling within the Rolleston South tenement;

  • Recent drilling has intercepted a clean 2.5 m seam at 350 m;
  • Analysis of the chip samples has indicated a low ash, high energy product, with a CSN of 2;
  • Secondary coal target in the Triassic Moolayember Formation;
  • Large size of the tenement provides a sizable potential resource with further drilling.

Background

Rolleston South asset is held 100% by Vitrinite Pty Ltd and was acquired on the 30th of August 2016.

Drilling within the tenement has already confirmed the presence of Bandanna Formation coal with high confidence of continuity throughout the project.

Geology

Rolleston South is located to the east of the Springsure Anticline, and to the west of the Denison Trough. High angle dips associated with the Springsure Anticline flatten out to east throughout the tenement with minimal structure currently interpreted.

The Triassic Moolayember Formation, Clematis Group and Precipice Sandstone are present at surface with very little cover. The Triassic Moolayember Formation is known to contain clean coal seams and will be a target of early exploration.

Coal Quality

The coal from the chip samples captured within the tenement indicate a low ash (12.9% raw ash from chip samples), high energy (~6,500 a.d Kcal/kg) thermal product target. There is also a CSN of 2 in the F1.40 density fraction. Results correlate with Rolleston Mine’s unwashed thermal product to the northwest and Vitrinite expects the Rolleston South Asset to produce a similar product.

 

Vitrinite - RSL003_O Graphic Log
Graphic log of RLS003_O drilled on the Rolleston South Asset