Leigh Creek Energy Limited (ASX:LCK) (OTCMKTS:MRTDF) is pleased to provide an update on the development of the Leigh Creek Energy Project in South Australia for the three months to 30 September 2017.
Leigh Creek Energy Ltd
Leigh Creek Energy Limited (ASX:LCK) (OTCMKTS:MRTDF) is an emerging gas company focused on developing its Leigh Creek Energy Project (LCEP), located in South Australia. The LCEP will produce high value products such as electricity, methane and ammonium nitrate products (fertiliser and industrial explosives) from the remnant coal resources at Leigh Creek, utilising In Situ Gasification (ISG) technologies, and will provide long term stability and economic development opportunities to the communities of the Upper Spencer Gulf, northern Flinders Ranges and South Australia.
The Company is committed to developing the LCEP using a best practice approach to mitigate the technical, environmental and financial project risks.
Leigh Creek Energy acknowledges and respects the Adnyamathanha people, the Traditional Owners of the land on which its operations occur and pay our respects to their Elders past and present.
On 30 March 2017, South Australian energy company, Leigh Creek Energy Limited (ASX:LCK) (OTCMKTS:MRTDF), announced it had successfully completed an AUD$21.85m capital raising (before costs) to cornerstone investor China New Energy Group Limited, and sophisticated and professional investors.
The Independent Directors of Leigh Creek Energy Ltd (ASX:LCK) (FRA:) (OTCMKTS:) have engaged Grant Thornton Corporate Finance Pty Ltd to prepare an independent expert's report stating whether, in its opinion, the Proposed Issue is fair and reasonable to the Non-Associated Shareholders
The Board of Leigh Creek Energy Limited (ASX:LCK) is pleased to announce that it has signed a Heads of Agreement with Archer Exploration Limited (ASX:AXE) (Archer) whereby Archer will work with LCK to explore synergies on their respective Leigh Creek projects in South Australia.