Guildford Coal Ltd (
ASX:GUF) recently advised the market on the completion of the acquisition of 100% of the equity interest in Enkhtunkh Orchlon LLC. Enkhtunkh Orchlon LLC is the owner of the highly prospective 12600X exploration licence and associated mining licence application, which is adjacent to Guildford' Baruun Noyon Uul (BNU) coking coal mine in Mongolia. The JORC 2012 classified resource estimate is 15Mt at inferred status. There is an additional cumulative Exploration Target of 26Mt to 45Mt.
Triple Energy Ltd (
ASX:TNP) Announces the Aolong Joint Venture (80% profit interest to TNP) and CBM-specialist drilling company Beijing JiuZun Energy Technology Co Ltd (JiuZun) have now arranged for the drill pads and roads to be constructed and the rig has been mobilised to the site of the first of 2 wells to be drilled during 2015. Several major coal seams targeted for intersection and testing.
Gascoyne Resources Ltd (
ASX:GCY) is pleased to report very positive results from the Company's 80% owned Dalgaranga Scoping Study. The Study concludes that a low cost / high margin and long life development can be sustained at Dalgaranga via an onsite dedicated 1.5Mtpa processing facility. Production Target: 60,000 ounces per annum for 6 years, Revenue of $612 million.
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