Meteor Downs South Mining Lease Application Lodged 29th April 2011
Talwood Drilling Confirms Coal Intersections Two coal seams have been intersected in the first hole drilled
stockyard Creek Discovery of NEW Coal
Total Endocoal JORC Resource now 388.7Mt
Rockwood JORC Resource 337.3Mt next exploration target 400-900Mt JORC Resource
Rockwood JORC Resource totals 337.3Mt, 44.5 Indicated and 292.8 Inferred
Confirmed Rockwood anthracite coal fits within the range other PCI coals successfully traded in the international market, with a high rank, high carbon coal with a low volatile content.
Endocoal is to determine the best likely 'end-user' destinations for Rockwood coal and evaluate the Rockwood PCI product export market opportunities; being the best fit with operating plants and coal requirments; and value of Rockwood PCI coal in the international market.
Drilling at Rockwood will focus on: > Expanding the Rockwood exploration footprint to the south-east along already identified coal-bearing anticline structures; and > Infilling in the initial discovery area to assist in identifying potential mine site locations.
Orion Downs has two potential mining operations - Inderi and Meteor Downs South.
Confirmed JORC Resource of 51.4Mt of export quality, direct shipment thermal coal; 31.8Mt is Measured category, 11.6Mt Indicated and remaining 8.0Mt is inferred. Endocoal is moving from Explorer to Developer stage with:
Submission of a Mining Lease Application (MLA) for the first open cut project Meteor Downs South (MDS)
Commencement of a Bankable FeasibilityStudy (BFS) for MDS
Environmental Management Plan (EMP) process underway to support granting of mining Lease in 2H 2012
Participating in the Port expansion process at all three of the Northern Ports
Improvement in the likelihood of gaining port access at Gladestone
Endocoal is an ASX listed Australian coal exploration and development company focused solely on the Bowen Basin, Queensland. With 11 tenements across approximately 5,200km2, it has one of the largest landholdings in the Bowen Basin region. read more...