More shares see my personal share daily.

www.tom-aussieshares.blogspot.com

My personal share daily.

www.tom-aussieshares.blogspot.com

Bow Energy has begun construction on its 30 megawatt gas-fired Blackwater Power Project, located approximately 15 kilometres north-east of Blackwater in central Queensland.

CEO John De Stefani (pictured middle) welcomed the commencement of scheduled construction by principal contractor Clarke Energy (Australia).

The power project is expected to create more than 200 direct and indirect jobs during the construction process, with additional staff required for operation and maintenance upon its expected completion at the end of the first quarter 2011.

“Bow continues to achieve its growth targets and the start of construction on time and on budget is another successful milestone for the company,” De Stefani says.

“The beginning of construction follows the successful award of a development permit from the Central Highlands Regional Council, which has welcomed the project as a boost for jobs and economic growth in the Blackwater and Emerald region,” he says.

The Blackwater Power Project will be supplied with clean-burning coal seam gas (CSG) from Bow’s nearby Blackwater CSG Field, which has current certified CSG reserves of 1,382 petajoules (PJ) of 3P and 59PJ of 2P (net to Bow).

http://www.qbr.com.au/news/articleid/69388.aspx

The first JORC released early 2006 was initially 1.2million tonnes of Copper Equivalent contained. This saw the price rise to just over $10.00 per share. There was contention around that figure and the resource was downgraded by 75% to fit with the then current JORC guidelines.

Since then Cudeco has carried out a massive drilling campaign at its Rocklands area and has extended the strike length and depth by several times. If as seems more than possible as CDU was in fact correct with their initial estimates, as shown by the drilling results over the last few years, the new JORC could be increased by a factor of 4 - 5 times.... possibly up to around 4 million tons Cu equivalent contained.

This doesn't include the nearby Mt. Wilgar Copper, Gold, Silver, Uranium anomaly or the S. W. Uranium deposit that seems to have quite high grades of uranium in Australian terms.

When I look at the current prices that the other copper plays are running at including the recent buy into Sandfire at $1,0000 per Cu equivalent per tonne by Oz Minerals and OZ Minerals at $450 per tonne, Equinox at $660 and Pan Aust at $345 (the last two have substantial country risk) then we can start to get to grips with CDU Rocklands possible worth.

Rocklands has similarities with the Sandfire Resources ground just acquired (20%) by Oz Minerals in that it is polymetallic with high grades of copper, gold, silver, cobalt and tellurium.

In addition as mentioned above Cudeco also has a massive find with bonanza grades at Mt Wilgar and a large uranium anomaly to the South West. Taking that all into consideration and placing a probably low ball contained guesstimate of around 4 million tons contained then CDU with its market cap of ~$600m has probably got its present contained Copper at <$150 per tonne. This implies that a 6 - 7 x share price increase could be on the cards if CDU were to equal Sandfire's recently achieved pricing or a 3X rise to bring it into line with Equinox.

Please bear in mind that I am heavily biased towards CDU as I hold it and that I am in no way an expert in this area.

213 Page Technical Report has just recently been Released on Wed 31st March 2010

Covering all remedial & Commissioning facets of Cameco's High Grade Cigar Lake Project.

There's some excellent in depth reading to be engaged. I've Noted that the Cigar Lake Project Costs have ballooned out from around $508Mill in 2007 to now in excess of US$912Mill in 2010, & extraction costs have increased from approx US$14.40P/Lb to US$23.14P/Lb

Enjoy the report

Click Cameco Image to Access

Link Provided:

http://australianuraniumquicksearch.blogspot.com/2010/04/cigar-lake-project-technical-report.html

Outperform retained.

Target price is $2.50 Current Price is $1.89 Difference: $0.61

If GIR meets the Macquarie target it will return approximately 32% (excluding dividends, fees and charges).

The company's fiscal year ends in June. Macquarie forecasts a full year FY10 dividend of 0.00 cents and EPS of 0.60 cents.

GlobalData’s “Nuclear Energy Annual Deals Analysis 2010” report is an essential source of data and trend analysis on the mergers and acquisitions (M&A) and financings in the nuclear energy market. The report provides detailed information on M&As, equity/debt offerings, private equity (PE), venture financing and partnership transactions registered in the uranium mining and processing, equipment and services, and power generation markets in 2009. The report provides detailed comparative data on the number of deals and their value in the last four quarters subdivided by deal types, segments, and geographies. Additionally, the report provides information on the top private equity, venture capital (VC), and advisory firms in the nuclear energy industry.
The data presented in this report are derived from GlobalData’s proprietary in-house Nuclear Energy eTrack deals database and primary and secondary research.

Linc Energy's Chief Executive Officer, Mr Peter Bond said "The philosophy of oxygen injection into the UCG process is that by completing an oxygen enrichment of the air being injected into the underground gasification process, it will ensure a better quality and more pure syngas is produced."

Injecting more oxygen ensures a better conversion of the coal into carbon monoxide and hydrogen and subsequently less nitrogen. said Bond.

Oxygen injection also allows Linc Energy to complete underground coal gasification in deeper coal seams much more economically thereby opening up a significant number of coal opportunities around the globe.

"The deeper the UCG process, the higher the pressure that is required to pump air or oxygen down the UCG injection well. Subsequently by enriching the air by the injection of oxygen, the result is lower nitrogen and lower compression costs." Linc Energy has found that oxygen enriched air (being a mixture of oxygen and air which is being injected) is the most proficient, effective and economical way forward and pure oxygen injection is simply not economical.

"We can now reach down to very deep coal seams and one can see how this opens up even more opportunities for our team to unlock the energy value of these stranded coal seams. This achievement of oxygen injection at Chinchilla is a huge credit to the entire UCG team and moves us further towards commercialisation."
"This is an outstanding success for Linc Energy - it allows us, as a Company, to push forward into a number of additional commercial opportunities such as chemical and methanol production."

It also means that any potential market which has deep stranded coal and requiring high quality syngas can now utilise Linc Energy's groundbreaking work on UCG."

The recent commissioning of Linc Energy's UCG's Generator 4 continues to be an outstanding success after months of continuous operation and the successful work on oxygen injection into Generator 4 is yet another testament to the level of skills and technology that Linc Energy is pioneering." said Bond. For further information please contact Mr. Peter Bond at Linc Energy.

At the mining rate envisaged in the Scoping Study (7.5mtpa) this will equate to around 20 years of production.
Assays and DTR results received from the resource drilling (59 holes/7549 metres), show significant results over the 30 kilometres of strike, including; 96 metres @ 34.8%Fe (DTR 71.3%Fe, 1.0%SiO2, 45.7% weight recovery), 125.1 metres @ 32.7%Fe (DTR 69.8%Fe, 2.8%SiO2, 38.8% weight recovery), 82.8 metres @ 32.1%Fe (DTR 70.9%Fe, 1.3%SiO2 , 37.2% weight recovery), 73 metres @ 33.4%Fe (DTR 71.6%Fe, 1.6%SiO2 , 37.7% weight recovery and 68 metres @ 35.7%Fe (DTR 71.4%Fe, 0.9% SiO2, 39.6% weight recovery).
In addition to the maiden JORC resource estimate which is now underway, substantial additional metallurgical testwork to establish preferred product specifications is being initiated, along with the commencement of Pre Feasibility engineering, marketing, environmental and groundwater studies. R M Joyce 18 May 2010 DIRECTOR

LNC has the following:

• Under ground coal gasification producing syngas to power electricity generation
• Underground coal gasification and the conversion of the resultant gas to liquids (UCG-GTL)
• At least a billion dollars worth of coking coal... that could easily be used for three stand alone coal export projects
• A new process where fuel cells are combined with Hydrogen derived from UCG to produce electricity.

The first two have been covered in depth and information can be readily found at www.ucg-gtl.com. The third can be found here at LNC's quarterly report

And the fourth is why I have put up this post... The concept is exciting and oh so green....

Using fuel cells with underground coal gasification Fuel Cells, Apr 23 2010 (The Hydrogen Journal) Article

- Sir David King, a former chief scientific advisor to the British government and now director of the Smith School of Enterprise and the Environment at the University of Oxford, says he sees an important application for alkaline fuel cells with underground coal gasification, making previously uneconomic coal mines economic, and keeping the carbon dioxide underground.

The idea is that coal is gasified underground to form hydrogen and carbon monoxide, by blowing oxygen and hot steam through it. The hydrogen can be directly used to make electricity in a fuel cell, and the carbon monoxide reacted again with water to form carbon dioxide, and put back underground.

“I think the alkaline fuel cell is virtually there and there’s an immediate niche which is coal gasification," Sir David said during a recent visit to AFC Energy, a UK manufacturer of alkaline fuel cells.

"In North Wales and Leicestershire there are coal mines that are have been closed down that are inefficient for coal mining but all that coal is still there to be gasified."

“The biggest single challenge we’re faced with globally is to move from a fossil fuel-based economy to fossil fuel less-society," Sir David said during his visit. "To me, this challenge is the most wonderful technology, innovation, wealth creation possibility. What I’ve just seen at AFC is an exciting example of this. The alkaline fuel cell has the possibility to create power stations with megawatts of electricity.”

The UK could access an estimated 17 billion additional tons of coal using this process.

AFC Energy has an agreement with Linc Energy of Australia, to use the technology in Linc's global UCG projects.

Following the visit, Sir David invited AFC Energy to join leading global figures from the policy, business and academic communities at the 2010 World Forum on Enterprise and the Environment, run jointly with The Times newspaper.

AFC Energy

Exploration in the Walloway Basin to date has confirmed lignite resources with an exploration target of 1.0 to 1-.3 billion tonnes in accordance with the JORC Code. Work is now focused on appraising the hydrogeology and overburden material as part of the UCG site evaluation process. UCG Generalor 4, at the Chinchilla Demonstration Facility, provides Linc Energy with significant information to establish commercial operations in South Australia. lt is Linc Energy's current intention to commission a UCG trial generator by the end of the year in SA, subject to results of the current drill program.

Early exploration results indicate that the resource has the potentially to support an initial 200*megawatt power generation project. Long term project plans aim to expand the initial power development to a 500 megawatt power project, supporting a 'Gas to Liquids' facility producing transport fuel, such as diesel and jet fuel. The operating life of the resource is anticipated to be more than 50 years.

The proposed project stages are anticipated as:

Stage 1: Pre-production - Construction and operation of UCG Generator 5

Stage 2: Power generation - Production of about L5 petajoules per annum of syngas for a power generation project of up to 250 megawatts

Stage 3: UCG to GTL- Expansion of gas production and power generation to support a large synthetic fuel facility.

Galaxy’s current cash balance is approximately A$47 million and the additional placement funds will increase cash reserves to A$73 million.

Galaxy is Australia's only currently listed Lithium play that is mining.

To read more about Australian Lithium please visit Australian-Lithium.com

Greenland Minerals and Energy (ASX: GGG) capped off a busy March quarter gaining a new five year exploration license over northern Ilimaussaq Complex issued under Greenland’s new Mineral Resources Act, and endorsed by Greenland’s parliament.

In addition, GMEL ticked a milestone with the release of an interim report on the Kvanefjeld pre-feasibility study.

The report outlined a scope for a economically robust, largescale mining operation to produce a rare earth concentrate and uranium oxide.

Significantly, the company was able to develop a viable process flow-sheet to produce both an REO and a uranium oxide product, with potential for Kvanefjeld to supply >20% of global Rare Earth demand at low cost, given revenues from sale of other products.

Key outcomes of the study included:

- At a processing rate of 10.8 Mt pa, nominal forecast annual production is equivalent to 43,729 tonnes of Rare Earth Oxide (REO), and 3,895 tonnes of U3O8, with a mine life of >23 years. At this level of production Kvanefjeld could potentially supply >20% of global rare earth demand as of 2015/2016.

- Unit cost estimates are $29.61 USD/lb U3O8 and $3.36 USD/kg REO (as a mixed rare earth carbonate).

Read the full article

TradeTech's U3O8 spot price indicator now stands at US$43.75/lb, US75c (1.69%) lower than the week prior.

The consultant registered five transactions for a combined total of approximately 700,000 pounds U3O8 equivalent. Buyers included utilities and intermediaries, with TradeTech indicating prices in some of the spot transactions concluded were below the new spot price indicator.

The consultant adds the drop in price seems to have attracted new demand which, in turn, is likely to ease some of the downward pressure on prices.

TradeTech's Mid-Term U3O8 Price Indicator stands at US$50.00/lb, Long-Term Price Indicator stands at US$60.00/lb.

Cheers from tturaniumivest

This brings into doubt the forecasts for the Australian gas sector's demise by many of Australia's brokers. Personally I think that they were to lazy to look beyond the popular wisdom and simply parroted the USA commentary.

The article below and the image and links help to explore why I have made the assertions above:

The Shell and CNPC have made a joint offer for Australian Arrow Energy could represent a new trend of international collaboration in natural gas.

Chinese state companies have turned their interest from capital to global assets[, advanced technologies and international operating skills. While international oil giants could satisfy their needs, Chinese state oil companies would be more willing to open the domestic market for them as aa exchange. Analysis

The Shell and CNPC have made a joint offer offer for Australian Arrow Energy could represent a new trend of international collaboration in natural gas business, with which international oil and gas giants and major state- oil companies are developing their new strategies of collaboration while being confronted with the changing global natural gas landscape and emerging new challenges.

The deal seems timely to Arrow Energy to gain capital needed to cover large LNG manufacturing costs and pin down international gas export market. For Shell, it would create a shortcut to enter coal-bed methane liquefying sector. Its partnering with CNPC is well regarded as a well-considerate and far-sighted strategy. The Chinese natural gas market is becoming one of the largest and the most dynamic ones in the world. China will be the major targeted supply market of Australian natural gas.

As the biggest natural gas supplier in the Chinese gas market, CNPC has been actively pursuing and securing international gas supply sources in addition to its increasing investment in developing domestic gas resources. It has recently accelerated investment in exploiting unconventional gas resources, particularly coal-bed methane and shale gas. While gaining good access to overseas gas resources, CNPC is eager to learn technologies and operating skills of unconventional gas exploitation and LNG manufacturing from major international oil and gas giants like Shell.

After three decades expansions, Chinese state companies have turned their requirements and interest from capital to global assets, advanced technologies and international operating skills. While international oil giants could satisfy the urgent needs of Chinese state oil companies, the Chinese market would be likely opened wider to them as a mutual beneficial exchange.

As the future demand market is more concentrated on the developing and newly industrialized markets, and national oil companies are growing stronger, collaboration between international oil companies and national oil companies for mutual benefits is forming a major trend of the new stage development of global oil and gas business. Ends

The image below shows how powerful this has been for the Australian Gas Share Index recently with the Arrow Energy play....

http://australian-gas.com/gas-charts.html

The ALTEX-Australia Gas Index is Australia's leading Gas share price index. The index tracks the performance of all companies listed on the Australian Stock Exchange that have a primary focus on the exploration and production of Gas.

Note that the USA Indexes analysis don't reflect what is happening here in Australia. "

A pilot plant to prove that the underground coal to liquids (UCTLTM) process can convert low rank brown coal/lignite into valuable commodities is set to be commissioned this month. Owner of the plant, Regal Resources’ first focus of the testing program will be on placing samples within the test vessel and exposing them to the UCTL high velocity/temperature water spray with supercritical properties. Other samples of Canadian oil sands are intended to be included in the surface testing program.

The site office, control panel and surface test vessel have been delivered and drilling works for the monitoring bores are completed. Completion of the remainder of site works and other commissioning activities are on time and schedule. It is anticipated that a significant amount of information will be gained from using the test vessel. While underway, pressure testing of the existing wells will be completed prior to transferring the UCTL trials process underground, which is expected to commence this month.

The aim is to produce crude oil that is acceptable to existing refineries, gas for domestic supply or power generation and heat for use in electricity generation. The pilot test aims to verify the production of long-chain hydrocarbons with low CO2 emissions.

Read about the UCTL process

The above process has a direct focus on Australia's liquid fuel Independence as Australia's Central Petroleum: ASX: CTP) has over 1.2 trillion tons of coal suitable for this process. And as 1 ton of coal converts to around 1.5 BOE we have enough oil for Australia's needs for hundreds of years....

http://australian-gas.com/gas-charts.html

Posted Fri Mar 12, 2010 10:28am AEDT

The New South Wales Minerals Council says it fears for the future development of the Hunter's coal industry in the wake of a landmark Supreme Court ruling.

The judgment against BHP Billiton over land access means all parties with an interest in a property must be consulted before exploration begins.

It includes financiers and the owners of infrastructure such as power, water and telecommunications.

Minerals council chief executive, Dr Nikki Williams, says the decision has virtually stopped exploration for new resources.

"Until all of those land access agreements can be re-negotiated. This will definitely slow, if not close the exploration pipeline, if you don't have a pipeline for development activity, whether that's mine extensions or future investments, you effectively strangle your industry," she said.

In my opinion: That leaves Metagasco ASX Code: MEL in a powerful position as it has recently dramatically increased its' 2P and 3P gas resources and now places it as NSW premier gas resource. "With its growing certified natural gas reserves close to energy markets and plans for electricity generation, Metgasco is planning on becoming a major supplier of gas to eastern Australian energy markets."

Metagasco is well outside the fertile farming Hunter region which is down towards Newcastle. The Hunter region is rich farmland that is often referred to as NSW food bowl.. While MEL's leases are up near Casino. Moreover it has established its leases and is not "greenfield" exploration as in BHP's case.

This image below shows the amount of Gas MEL had in relationship to other NSW gas plays around 18 months ago.

And MEL has recently upgraded their gas reserves markedly:

Consequently Metagasco seems ripe to pluck NSW gas market and looks like a great investment.

You can read an overview of MEL here

Obama To Propose Tripling Of Nuclear Loan Guarantees To US$54 Billion

* Breaking News - JANUARY 29, 2010, 1:53 P.M. ET

The Obama administration is planning to propose tripling a program that provides loan guarantees to construct nuclear reactors, an administration official said Friday, aiming to reach out to Republican lawmakers in an effort to break a logjam over energy policy.

The Obama administration will seek loan guarantees totaling about $54 billion, the official said. That is up from the $18.5 billion authorized. The details are to be unveiled Monday when the White House makes a fiscal 2011 budget request.

LINK http://australianuraniumquicksearch.blogspot.com/

Cheers from tturaniuminvest :)

ERA, majority owned by Rio Tinto Ltd, said the outlook for the uranium market remained bright due to sustained government interest around the world in nuclear energy as a viable source of power.

It said production and sales in 2010 are likely to be broadly similar to previous years, albeit weighted to the second half.

Net profit for calendar 2009 was $272.6 million, up from $221.8 million in 2008, after sales of uranium oxide lifted revenue by 55 per cent to $767.8 million.

ERA says sales revenue rose mostly due to an increase in the average realised sales price.

It realized an average sales price of uranium oxide of $US50.84 per pound in the year, up from $US32.53 per pound in the previous year.

LINK: http://australianuraniumquicksearch.blogspot.com/

Cheers from tturaniuminvest :)

.

Gippsland Limited (ASX: GIP, FRANKFURT: GIX) said the global tantalum market is still expected to experience a significant supply shortfall by 2011 and beyond despite the inflow of what it called cheap conflict tantalum from the Democratic Republic of Congo, which has forced a number of legitimate but high cost tantalum miners and projects including Talison’s Australian operations and Cabot Corporation’s Canadian Tanco operations out of business.

The company expects the tantalum supply shortfall to be further exacerbated by the constraints applied internationally to the use of conflict tantalum, mined by minors and adult workers under adverse conditions, to progressively exclude this material from the supply chain.

The unavailability of this kind of tantalum has sparked interest in the raw material from Gippsland’s Abu-Dabbab project with the company currently engaged in discussions with a number of major tantalum refiners over additional tantalum offtake and involvement in the project. Gippsland expects the shortage and the constraint on conflict tantalum usage to place it in a position to secure a long-term offtake agreement in the near future.

Gippsland already has an agreement with German tantalum refiner HC Starck GmbH for the delivery of conventional tantalum slags and concentrates. The two companies are currently in negotiations to vary the agreement for the delivery of a more valuable high purity synthetic tantalum concentrate (SynCon).

The Abu Dabbab Project has a JORC compliant mineral resource of 44.5 Mt (million tonnes) at a grade of 250 g/t (grammes per tonne) Ta2O5 (tantalum), while the Company's nearby Nuweibi tantalum deposit has a JORC mineral resource of 98 Mt at a grade of 147 g/t Ta2O5.

The total contained Ta2O5 content within the Abu Dabbab and Nuweibi deposits is 55 million pounds of Ta2O5, which Gippsland said was sufficient to satisfy global tantalum demand for more than a decade.

Abu Dabbab is scheduled to commence operations at an initial mill feed rate of 2 Mtpa (million tonnes per annum), producing in excess of 650,000 pounds of tantalum pentoxide per year, which by today's standards would make it the world's largest producer.

The company added that during sampling at its prospecting licenses in Eritrea, anomalous results for gold, copper and zinc were recorded from all of the three 100 sq km (square kilometre) licenses. Based on these results, the company has decided to double its holdings in Eritrea by applying for a further three 100 sq km prospecting licenses in the Adobha region.

During the quarter Gippsland completed a renounceable rights Issue to all shareholders to raise $3.87 million for the company before costs.

Here is a partial list of ASX listed companies with Tantalum Tantalum is a strategic metal. Galaxy Resources Australia's most advanced Lithium play also has Tantalum.

Today's Petroleumnews.net has a little snippett on them today:

"AusTex’s Clark-1 well in the Cooper project in Sheridan County, Kansas, is currently producing 250 barrels of oil per day with no water from the Toronto Formation.

This is expected to increase once a permit for the use of the old Walker-2 well for water disposal is received, allowing the company to flow oil from the Lansin-Kansas City Formation, which had tested at 230bpd of oil and 70bpd water.

AusTex has a 53% working interest in the Cooper project."

For those that don't know about AOK it could be a good time to check this little Aussie producer out. Not only have they increased their acreage by a couple of hundred percent they have tied up some crucial technology for the whole of Oklahoma that allows for the rejuvenation of wells that were abandoned when oil was around $10 per barrel. They control the IP and patents and are also now cash flow positive. (I'm up 100% on my origional stake and can see plenty more upside to come.)

"Arrow increases gross 2P reserves by 2,058 PJ – Exceeds 2009 reserves addition target by 350%."

Arrow Energy Limited (ASX:AOE, Arrow) is pleased to announce a significant reserves upgrade certified by independent consultants Netherland, Sewell and Associates Inc (NSAI) and MHA Petroleum Consultants LLC (MHA).

Arrow’s gross proved and probable (2P) reserves have increased 50.3 percent to 6,150 PJ while gross proved, probable and possible (3P) reserves are up 18.6 percent to 11,042 PJ. The company has added 3,458 gross 2P reserves in 12 months which substantially exceeded our target to add at least 1,000 PJ of gross 2P in 2009. After adjusting for the recent Shell pre-empt on Tipton West 2P reserves net to Arrow have increased 53.4 percent to 3,690 PJ and net 3P reserves have risen 13.8 percent to 5,781 PJ.

Read the announcement

Paladin unlikely to meet uranium target 27/01/2010 6:38:23 PM

Uranium miner Paladin Energy Ltd will probably fail to meet its full year production guidance after disappointing ramp up rates at its second African mine, an analyst says.

Paladin's December quarter report says production at its second mine, Kayelekera in Malawi, is ramping up at slower than planned rates "but rapidly improving".

Paladin said conventional components of the plant were running well but there had been throughput issues with a screening facility.

"Although the challenges ... have restricted planned production, steady improvement in performance is evident," the miner said on Wednesday in a statement.

"A significant step change in production is expected during February, the expectation remaining that nameplate capacity will be achieved by the end of the March quarter."

Slow ramp-up at Kayelekera and Paladin's first mine, Langer Heinrich in Namibia, during the September quarter prompted the company in October to revise downwards its full year output target.

It now expects to produce between 5.6 and 6.1 million pounds of uranium oxide, from 6.6 million pounds previously.

"Continuing problems mean the uranium producer is unlikely to meet its full year production guidance," IG Markets research analyst Ben Potter said.

Langer Heinrich reached optimal `stage two' production levels mid December quarter, boosting the company's total output to 987,310 pounds, up from 744,188 pounds in the September quarter.

The company also said on Wednesday its capital cost estimate for the stage three Langer Heinrich expansion had jumped to $US99.5 million ($A110.49 million) from $US71 million ($A78.85 million) previously.

The miner said it was well advanced with a trial shipment of uranium to China "to test and demonstrate the efficiency of logistics from Africa to Chinese conversion facilities".

Its existing customers are largely nuclear power plant operators in Europe.

Paladin said it concluded a new long-term sales contract with a major Asian utility during the December quarter for four million pounds of uranium oxide.

The contract commences in 2012 "on terms which will capture the expected strengthening market price".

WE came up with the following:

• CBH RESOURCES LTD
• KAGARA LTD
• MINERALS AND METALS GROUP AUSTRALIA LTD
• PERILYA LTD
• TERRAMIN AUSTRALIA LTD

Does anyone know of any more ASX listed companies that are currently producing lead?

We'd be interested to add them to our knowledge database.

LINC's high grade coal tenement's for sale include:

• Emerald: The Emerald (Teresa) tenement - inferred 852 million tonnes ("mt") resource in accordance with the JORC code* contains coal of coking and thermal grade.

• Galilee: Coal mineralisation exploration target(1) of 3.0 - 3.4 billion tonnes**, including 1.6 - 1.9 billion tonnes identified for potential extraction via open cut mining methods within a depth of 120 metres.

• Pentland: The Pentland tenement containing a total thermal coal resource of 266mt in accordance with the JORC code**

Recent Developements USA "Linc Energy now holds more Wyoming State coal leases than any other company, with a coal acreage footprint of 173,327 acres. This puts Linc Energy into a very strong position to undertake commercial UCG operations in Wyoming and move quickly to the construction of a commercial Gas to Liquids facility in the USA."

South Australia SAPEX's Ground... Several billion tons of coal that can be converted to oil for around $30 per barrel with 1 ton of coal giving ~1.5 BOE...

"Five exploration wells intersected coal at depths of between 200 and 293 metres with coal seam thickness of up to 23 metres. JORC Code of 1.0 to 1.3 billion metric tonnes. The coal deposit is at an ideal depth for Underground Coal Gasification (UCG) "

Vietnam: Linc Energy entered into a business cooperation contract with Vietnam National Coal and Mineral Industries Group (VINACOMIN) and Japan’s Marubeni Corporation to undertake a trial UCG project in the Red River Delta region in Vietnam.