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EAST ENERGY RESOURCES LIMITED - Discussion

East Energy Resources Limited is an Australia-based coal exploration and development... East Energy Resources Limited is an Australia-based coal exploration and development company. The Company is primarily focused in the Eromanga Basin in Queensland. The Company holds an exploration permit for coal, EPC 1149 in the Eromanga Basins in Central Queensland, approximately 65 kilometer south of the township of Blackall. The Blackall Project is secured by tenement EPC 1149, EPC 1398 and EPC 1399, covering approximately 2,500 square kilometers just to the south of the township of Blackall, a rural community within central western Queensland, located on the Barcoo River. It has a JORC resource of approximately 1.74 billion tons (Bt) of Thermal Coal (627.5 metric tons (Mt) indicated and 1113Mt inferred) located southwest of the major deposits of Hancock Coal and Waratah Coal in the Galilee Basin. Through Idalia Coal, it has added a further 440Mt of inferred coal resources and a drill defined exploration target of approximately 4.0Bt to 4.5Bt to its asset base. More