During 2015, the company completed further exploration activities in conjunction with funding partner Japan Oil, Gas and Metals National Corporation (JOGMEC).
These activities included 29 rotary holes and 16 partially cored holes within the Grange and Liberty areas of the Clifford project, targeting the most prospective potential open-cut areas identified from prior exploration campaigns.
The drilling campaign has resulted in a material increase of total JORC resources to the Grange and Liberty areas of the Clifford project.
The next phase to be undertaken with JOGMEC will include desktop studies to progress the mining and infrastructure assessment of the project during the upcoming 4th and final farm-in period for the Clifford project.
At the completion of the 4th farm-in period JOGMEC will have earnt an option over 40% of the project through JOGMEC’s investment of $4.5 million into exploration, coal quality analysis and feasibility assessment over a three year period.
