NEWLAND RESOURCES LIMITED - ASX: NRL

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Description

Newland Resources Limited is an emerging coal exploration and development company focused on the acquisition and development of coal assets in the Bowen Basin, Queensland.

Summary Bowen Basin Exploration Portfolio

The tenement portfolio (comprising two granted Exploration Permits for Coal [EPCs]) and four Exploration Permit for Coal applications [EPCAs]) is located in the Emerald – Blackwater - Rolleston region with two key tenements situated amongst several existing coking and export thermal coal mining operations with established access to existing rail and port infrastructure.

EPC 1230 – Comet

Exploration Permit (Coal) 1230 consists of 86 sub-blocks and was granted on 10 September 2008. The tenement covers a structural dome within the Comet Anticline interpreted to host coking and thermal coal measures in the Lower Permian Crocker, Fair Hill and Burngrove coal sequences within the Bowen Basin (Figure 3). It is a high priority target with the potential for coal resources amenable to surface and underground mining similar to Aquila Resources Washpool Project, Stanmore Coal’s McKenzie River Project and the adjacent Ensham, Jellinbah East, Blackwater and Curragh coal mines. Initial exploration will focus on the outcropping Burngrove and Fair Hill coal sequences in the southern area of the tenement, where previous drilling by Ingwe Australia Pty Ltd (1996) intersected coal seams. The exploration target size is 200 million tonnes of coking and thermal coal. The secondary focus will be the Crocker-German Creek coal sequence exposed at surface across the central part of the tenement. Drilling within, and peripheral to the northern half of the tenement indicate that the Crocker-German Creek coal sequence has potential for discovery of economic coal seams. The Blackwater rail system traverses the northern part of the tenement, potentially providing access to the coal export terminals at the Port of Gladstone.

EPC 1580 & EPCA 1801 – Emerald

Exploration Permit (Coal) 1580 comprising 75 sub-blocks was granted on 3 July 2009. An application for the easterly adjoining EPCA 1801, comprising 7 sub-blocks, was lodged on 1 July 2009. The tenement is surrounded by existing mines (Ensham, Kestral and Minerva) and coal deposits (Valeria, Cullin la Ringo). Existing rail lines traverse the tenements and distance to the nearest port (Gladstone) is 340 kilometres. Historical exploration results from seismic surveys and drilling on, and adjacent to these tenements, indicate that the Rangal Coal Measures extend over much of the central and eastern portions of these tenements at shallow to moderate depths. Seismic results indicate a major geological fault has uplifted the Reids Dome - Minerva Mine coal sequence on the western side of the area to shallow depths forming a substantial exploration target.

EPCA 1720 – Cullin La Ringo

The EPC 1720 application comprises 27 sub-blocks overlying thermal coal targets in the Burngrove, Fair Hill, Crocker-German Creek and Reids Dome sequences which host the Minerva and Cullin la Ringo coal deposits (Figure 4). Historic coal exploration in the area comprising mapping, seimic and drilling across the tenement shows a number of coal sequences are present. The Burngrove-Fair Hill coal sequence sub-crops on the tenement and the stratigraphically lower Reids Dome coal sequence is a significant target across the west part of the tenement. Up to eight seams of thermal coal may exist in the exploration tenement area with an export coal quality inferred to be analogous to that of the Minerva Mine and Cullin la Ringo deposit. The Minerva Mine coal rail line traverses the tenement.

EPCA 1505 – Spring Creek

EPC 1505 application comprises 199 sub-blocks located some 35 kilometres south west of Xstrata’s Rolleston Coal Mine, is a future high priority exploration target. The tenement is situated immediately south of MacArthur Coal’s Freitag Creek Deposit, located on the Springsure Shelf, west of the Springsure Anticline (Figure 5). The Freitag Creek thermal coal seams occur within the Bandanna coal sequence and are interpreted to dip south directly into and across EPCA 1505.

EPCA 1319 – Jack Creek

The Jack Creek Application comprises 214 sub-blocks located southeast of Rolleston Mine and is interpreted to overlie the Bandanna (Rangal) Coal Measures (Figure 6) with similar seam characteristics. A number of historic gas exploration wells in the area confirm the presence of the coal sequence with a shallowest depth to target of approximately 600 metres.

Mine For

uranium, coal

Location of operation(s)

Queensland

Australian Basins

Georgina

Address

Se 3, Level 1, 127 Cambridge St
WEST LEEDERVILLE, WA, AUSTRALIA

Phone

(61 8) 6389 7407

Email

Website

http://www.newlandresources.com

Last Updated

3/3/2011