Wilson Creek Maiden JORC Code Resource

Vitrinite is pleased to announce the completion of the first phase of exploration at Wilson Creek (EPC 1710) in Queensland’s Bowen Basin.  The results of this program which, involved more 3,495m of drilling, has exceeded our expectations on every metric.

We have identified a large resource (61Mt) with more than half (39Mt) being at a depth mineable with a strip ratio of less than 3:1.  The Lower Newlands Seam (Vermont equivalent) is extensive with an immediately underlying thick Girrah Seam. These seams form a thick coal seam bundle around 18m thick, which, in places, has been thrust stacked to over 30 metres in thickness.

The resource has additional scope to be expanded throughout other unexplored portions of the permit and initial coal quality analysis indicates the coal is export quality with specific energy ~5500 kcal (NAR) at 23.9% ash (ad), Yield 55%, with low sulfur 0.5%(ad), high AFT, and favourable ash characteristics after washing.

Vitrinite will immediately commence a scoping study concurrent with further drilling. This will include initial mine planning based on margin rank analysis across the known portions of the deposit.  Infrastructure studies have already begun and coal marketing reports will be completed on our clean coal composite data.

17.03.13_Vitrinite_Wilson Creek Announcement

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