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COALWORKS LIMITED - ASX: CWK
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Coalworks Ltd (ASX:CWK) is a dynamic Australian company with a high-growth strategy and a primary focus on coal mining and production. Since listing on the ASX in June 2008, with an oversubscribed Initial Public Offering that raised $25 million, the Company has grown rapidly through acquiring new exploration leases, positive drilling results and developing innovative clean coal strategies to add value to its coal asset portfolio.
Coalworks owns a quality portfolio of coal projects:
Oaklands North - JORC 822 Mt of thermal coal currently in bankable feasibility phase. A strategic alliance with Synthesis Energy Systems Inc of the US brings proven coal to petrol technology to strengthen the export coal component of the project. The JORC 822 Mt thermal coal resource includes 121Mt measured, 572 Mt indicated and 129 Mt inferred categories.
Vickery South - JORC 42 Mt of export thermal coal with coking coal potential. Target 50 Mt to 70 Mt of coal. A memorandum of understanding has been signed with a subsidiary of international conglomerate ITOCHU Corporation. Coalworks completed first stage of drilling and identified 42 Mt at JORC compliant inferred resource.
Ferndale - Target 250Mt to 300 Mt - export thermal / coking coal. The project is close to rail, road and port infrastructure and is located in the prime Hunter Valley coal region and is 125km from the port of Newcastle.
Hodgson Vale - Target 70 Mt - thermal coal - located in the Clarence Morton coal producing region south east of the Surat Basin and is close to rail, road and port infrastructure.
Ashford - This limestone deposit has potential to produce high value industrial products including GCC used in paper coating and plastic fillers. The board and management consists of experienced coal industry executives and engineers with strong corporate and operational experience.
Mine For
coal, limestone
Location of operation(s)
New South Wales, Queensland
Australian Basins
Surat
Address
Level 5, 44 Miller Street
NORTH SYDNEY, NSW, AUSTRALIA
Phone
(02) 9922 1344
Website
Last Updated
18/04/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
