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NUCOAL RESOURCES NL - ASX: NCR
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Description
NuCoal is an emerging coal producer based in Newcastle, NSW, Australia. The company’s focus is on generating sustainable long term stakeholder wealth through the development of its wholly owned coal asset, Doyles Creek Mining Pty Ltd located in the Hunter Valley, NSW.
In parallel with the proposed mining operation will be the establishment of a specialised coal centric underground training facility aimed at assisting to address the documented skills shortage over the coming years. These entities will create a coal mining business operating in one of the richest and well regarded coal regions on the East Coast of Australia.
Doyles Creek
NuCoal owns 100% of the Doyles Creek coal project located in the Hunter Valley in New South Wales, Australia. It is situated in the Hunter Valley coalfield, near the town of Jerry’s Plains and adjacent to several horse studs. For this reason an underground operation is ideally positioned to have minimal impact on this important industry and will demonstrate that coexistence between the Mining and Thoroughbred industries is achieveable. The tenement is located approximately 105km from the port of Newcastle and within 15km of a rail coal loading facility at Wambo.
The Doyles Creek tenement is EL 7270 which was granted on 15 December 2008. The tenement has a surface area of approximately 27 square kilometres, overlaying the Wollombi and the Wittingham Coal Measures. The exploration tenement is regarded as relatively large for the region and comparable in size to the long established Wambo Colliery located 10km to the south east operated by Peabody Energy Australia Pty Ltd.
Mine For
coal
Location of operation(s)
New South Wales
Address
Suite 2, 4 Honeysuckle Drive
NEWCASTLE, NSW, Australia
Phone
+61 (02) 4974 5700
Website
Last Updated
7/3/2011
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.
