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AUSTRALIAN PACIFIC COAL LTD

ASX: AQC

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

Australian Pacific Coal Limited is an Australian public company listed on the Australian Stock Exchange in 1999.

AQC has a tactical holding of coal exploration tenements located in the rewarding Bowen in Queensland, Clarence, Surat and Galilee - Moreton basins.

AQC's management's philosophy has been to procure strategic tenure by identifying tenements that are accessible, close to running mines or in areas with established or possible in-ground resources in regions ideal for development in the short term.

Having identified future regions for additional exploration the organization is now focused on exploiting the commercial value of the coal projects. Exploitation opportunities include farm-in, joint venture investigation and joint venture development.

Two substantial industrial minerals projects are owned by AQC in central western Queensland. The projects form part of the former industrial minerals company of AQC and are not regarded as being core components. Options are now being evaluated to divest these assets.

The Company now owns 33 coal tenements comprising 20 granted exploration permits (EPCs), 13 EPC applications and one mineral development licence application.

Most of the tenements are in the Bowen Basin, a major source of supply of some of the world's best metallurgical, PCI and thermal coal. The Company also has coal tenements in the Surat, Galilee and Clarence-Moreton Basin. These basins contain large reserves of thermal coal and currently produce coal for export and domestic use.

AQC's coal tenements cover a combined area of over 2,200km2. Many are close to rail and road infrastructure and some are down-dip or along strike of operating coal mines or known coal resources.

The tenements have been largely grouped into project areas which target similar coal seams within a close geographical proximity. APC has an exploration priority on coking coal, and scoped underground targets with a resource potential greater than 50 million tonnes and open cut targets with a potential greater than 5 million tonnes.

Mine For

coal

Location of operation(s)

Queensland

Australian Basins

Bowen, Galilee, Surat, Clarence- Moreton

Address

Level 7, 10 Felix St
NEWSTEAD, QLD, Australia

Phone

(61 7) 3221 0679

Email

Website


Last Updated

18/5/2014

 

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.