Sign up Australia
Proactive Investors - Run By Investors For Investors
Market: ASX:VPC
52-week High/Low: A$0.02 / A$0.00
Sector: Tech
Market Cap: A$4.52M
Velpic Ltd (ASX:VPC)

Velpic Ltd

Velpic Ltd (ASX:VPC) is listed on the Australian Securities Exchange.

Velpic Ltd

Interactive graph

col 3
col 4
col 5
col 6

Big picture - Why invest in Velpic Ltd

Velpic Ltd Snapshot

International Coal has secured a number of prospective Coal Projects in the Bundaberg and South Blackall regions and plans to aggressively explore these tenements over the forthcoming year.

The company’s key objective is to maximise return and value for shareholders. The Company intends to achieve this by operating responsibly in the interests of all stakeholders, large and small, and by building a international mining company with continued commitment to exploration and new business development.

Our strategy is to continue to create value through project development, exploration, acquisition, including joint venture partnerships and strategic investments.


Bundaberg Project

International Coals’ Bundaberg Project is located in a well-known and highly prospective region, adjacent to a number of well-established Coking Coal explorers and producers.

The recently produced Moultrie Group report stated that EPC’s 2194 and 2196 are -

Potential for Coking Coal discovery and contain two target exploration coal-bearing units:

Burrum Coal Measures
Maryborough Formation

A JORC Inferred Resource estimate of 28.5Mt at EPC 2196 with an additional Exploration Target of 20 - 40Mt has also been estimated for the Project. Near neighbours include New Hope, Guildford Coal, and Fox Resources.


South Blackall Project

The South Blackall project is located approximately 80km northeast of Quilpie and covers an area of approximately 786km2. Infrastructure surrounding the area includes rail and the Diamantina Development Road located 32 km to the south of the tenement area. Minor roads provide access to the tenements while the rail line offers access to the Port of Brisbane.


Consuelo Project

The Consuelo Project’s tenements are all within close proximity of one another in a well-defined area of the Bowen Basin.  The Bowen Basin region is well known for supporting productive and successful operating thermal and coking coal mines. The project contains an approximate area of 402.1 km2. 

Seams are continuous up to 2km’s with the project areas and late Permian Bandanna Formation (Rangal CM equivalent) is the primary target for drilling and exploration with the Mantuan Formation the secondary target.

The project is prospective for semi-soft coking coal and high-quality thermal coal with a combined exploration target of 800 Mt – 1,700Mt already established.


Don Juan Project

The Don Juan Project lies within a known thermal coal producing province - the Surat Basin which is well known to produce high quality, low ash and high yield thermal coals at open cut depths. The tenement EPC 2286 comprises 43 sub-blocks with an approximate area of 132 km2.

The Don Juan Project tenement EPC 2286 is located approximately 80km north-west of Roma and 110km to the west of the Xstrata Coal Queensland Pty Ltd.’s Wandoan Coal Project in Southern Queensland. 

John Lester
Non-Executive Chairman

Mr Lester has extensive experience in mining and in corporate finance.

Mr Lester graduated from Oxford University with a degree in natural science before joining London stockbrokers Joseph Sebag and Co where he was trained as a mining analyst.

Mr Lester joined Jardine Fleming and Co in Hong Kong and became a member of the board.

He spent a number of years as a stockbroker and corporate financier in Sydney and later managed a mining company in Indonesia.

He has been an Executive Director and Managing Director of iron ore company Golden West Resources Limited since early 2008 and will become a Non-Executive Director in August 2011.

Hugh Dai
Executive Director

Mr Dai has extensive experience in a range of business ventures in both Australia and China.

He has maintained a strong presence in the mining and resource, finance and international trade sectors businesses in both China and Australia for over 25 years, commencing in Chinese investment banking in 1986.

During his career, Mr Dai has worked in many senior management roles developing a network of high-level contacts in both government and private sectors in China. 

He has regularly played a key role in negotiating and securing international trade and mining agreements, especially the formation of the investment ventures between Chinese corporations and Australian mining companies.

His experience in both the Australian and Chinese industries means Mr Dai brings a diverse range of experience across regulatory bodies, financial institutions and relevant government agencies in both countries providing a key link between the mining and sales divisions in the industry.

Mr Dai holds a Bachelor of Economic Degree from University of Hunan, China and Master of Arts in International Studies from Griffith University, Australia. He is a member of the Australian Institute of Company Directors and is currently a director of several public companies.


Noel T Halgreen
Non–Executive Director

Mr Halgreen is a qualified Mining Engineer with degrees in engineering and an MBA and he has had more than 30 years’ experience in the coal business, including hands on mine management, high level executive management of a coal mining company and extensive business development.

Mr Halgreen brings a strong record of achievement on major coal resource project developments, mergers, acquisitions and commercial negotiations across the Australian and international coal resources industry.

He worked for BHP Billiton and their associated companies for many years. Some of his former appointments include:

Vice President Business Development – BHP Billiton Coal
Executive Director Business Development ­– Billiton Coal
Executive Director – Trans Natal Coal Corporation
Chief Operating Officer – Sasol Coal

Mr Halgreen is a non-executive chairman of Bligh Resources Limited.


Glenn Simpson
Chief Executive Officer

Mr Simpson is a qualified geologist with an honours degree in Applied Science (Geology) and a Graduate Diploma of Business Administration. He has over 20 years of experience in the mining and energy sector, 10 years of experience as a geologist and operational manager, and extensive experience in government, tenure management, and business development. Some of his former appointments include:

General Manager (Operations) – Coal Face Resources Pty Ltd
Business Development Manager – the Moultrie Group
Senior Geologist – the Moultrie Group
Manager – Electricity Policy & Markets, Queensland Department of Mines and Energy

Mr Simpson has co-authored publications on the Surat, Bowen and Yarrol Basins in Queensland and has a strong background in coal exploration and business development.


Rachel Teo 
Company Secretary

Ms Rachel Teo has a Bachelor of Commerce(Accounting) from the University of Queensland.

Ms Teo is a Chartered Secretary with Chartered Secretaries Australia and a representative of Company Matters for Queensland. Ms teo works with Link Market Services, who is a sister company of Company Matters, as a client relationship manager, so has a deep understanding of corporate matters, shareholder liaison and governance.


Brisbane Office
ANZ Bank Building
Level 15,  324 Queen Street
Brisbane QLD 4000
P:+61 7 3320 2233

Sydney Office
Unit 7, No.3 Gibbes Street
Chatswood NSW 2067
P: +61 2 9415 0180


Velpic Ltd Timeline

Video RSS



© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use