Nucoal Resources has started the process of obtaining approvals from the New South Wales government and AGL for exploration drilling at its Savoy Hill coal project in the Hunter Valley.
This will include a phase 3 drilling program of seven cored holes which will provide more data on resource quantum and quality for six coal seams known to occur at Savoy Hill.
A maiden JORC Coal Resource estimate totalling 88 million tonnes (51 Mt Indicated and 37 Mt Inferred) has been reported for the Savoy Hill Project.
The Savoy Hill Project was explored by NuCoal during 2012 and 2013 with 34 fully cored boreholes completed for 7,000 metres of drilling, as well as eight cored holes drilled by Macquarie Generation [AGL] in 2006.
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An exploration program of seven cored holes to further define the resource is planned for CY24.
