EXPLORER Tiaro Coal is ready to kick off a 36-hole reverse circulation drilling campaign next wee...
Drilling will go to an average depth of 140m within the Shady Camp, T9 and Munna Creek projects.
The company is targeting resources of 20-30 million tonnes from drilling including 5Mt of high-quality coking coal.
Tiaro has stakes in six Queensland coal permits.
In February, Tiaro announced plans for a joint venture coal-trading operation with China Qinfa Group and that it would spend the profits on its coal project portfolio.
Shares in the junior are unchanged at 29c.
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