Highlights

The Togara West asset contains a JORC2012 resource including:

  • 13.54 Mt Measured Resources;
  • 50.76 Mt Indicated Resources;
  • 693.77 Mt Inferred Resources.

Background

The Togara West asset is held 100% by Vitrinite Pty Ltd and offers an attractive underground thermal target in close proximity to the Springsure Creek and Togara assets.

Geology

The asset is located over the Comet Ridge and Denison Trough within the Bowen Basin. Coal is preserved in several shallow dipping, synclinal structures which have a northerly trend.

The Triassic Rewan Formation is mapped over the entire tenement area and unconfomably overlies the Rangal Coal Measures and Mantuan Formation.

The Rangal Coal Measures contain the Aries, Castor, Pollux, Orion and Piscies seams with the Aries and Pollux being the main targets.

Coal Quality

Coal quality of the Aries and Pollux seam is well documented from historical exploration as well as the mines producing a product from these seams. The coal within the project will be an export quality thermal coal with high calorific value, medium-high volatile matter, low ash and very low sulphur.