During the year the ASX-listed junior completed the acquisition of the Wonbindi coal project and an initial drill program was undertaken following the completion of a cultural heritage survey.
Wonbindi, located 30km north of the Moura railway and adjoining Anglo Coal’s Moura mine and Peabody Energy’s Baralaba mine, has an indicated resource of 24.1 million tonnes and inferred resource of 9.7Mt.
Cockatoo continued negotiations during the year to secure a stockpile site and train loading facility on the Moura railway, as well as to secure a stockpile area at the Gladstone port with enough capacity to export up to 1Mtpa.
At its Dingo coal project it successfully negotiated a farm-in agreement with Toyota Tsusho, and a seismic survey by Velseis of the target areas was completed.
Cockatoo has been validation drilling the target areas and the results from its Stage 2 program are currently being analysed to determine the next exploration activities to be undertaken.
The northern boundary of the Dingo project is 3km south of the Blackwater railway.
Cockatoo also holds 100% interests in the Guluguba project in the Surat Basin and the Mintovale project in the Moreton Basin.
