Proactiveinvestors Australia

Resource Generation resgen.com.au/

Resource Generation (ASX: RES) is developing one of South Africa’s largest remaining coal deposits, with the company's focos on the Boikarabelo tenements, in the Waterberg region of South Africa.

 

The strategy for the company is to develop high grade “energy” related resources into viable and competitive mining operations. Accelerated shareholder value will be delivered through the delivery of physical mining activity.

Tweet

 

Email

Email to a friend:

To:

Separate multiple addresses with commas.

From Email address:

Name: Please send me a copy Message:

Verification code

Enter the code from aboveRequired

Send

Resource Generation kicks off coal exploration drilling in Tasmania

Resource Generation (ASX: RES) has today commenced exploration drilling for thermal coal on its Woodbury tenement in the Midlands region of Tasmania.

Studies to date have identified Woodbury as potentially the most attractive of the company’s exploration tenements in the region as there is known mineralisation in the area.

The exploration programme encompasses 24 holes, 12 of which will be fully cored, and is designed to confirm historical data and provide coal quality information.

The company expects the programme to cost approximately $500,000, take 10 weeks and will be followed by laboratory analysis of the samples.

"Depending on the results of the drilling, we will evaluate the potential for an open-cut mine producing thermal coal for the export market," said Paul Jury, managing director.
 
"Assuming this progresses, it will provide diversification for the company. Meanwhile, we are continuing with our plans to develop the Boikarabelo mine in South Africa, which remains our main focus."

Sign up to Proactive Investors

Comments from Proactive Investors readers

• Fill in your details below:

Verification Code

Reload image