Have a look in Figure 2 of the announcement (there is also a close-up version of it at Figure 3 in this announcement: (http://www.mantlemining.com/files/announcements/110505%20975320%20Latrobe%20Valley%20Tenement%20Granted.pdf) EL5337 in particular shows historical mining areas. Brown coal to the north of the EL and black coal to the south.
The new Mirboo license area extends off that historical black coal mining area so that might be quite promising.
Calignee takes El5336 that tiny bit close to Loy Yang so might increase prospects for brown coal there, too.
3 announcements in two days - what's the world coming to??
At least they actually told us about an EL application this time (cough, ashford, cough).
MNM Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held