"Resource Generation Limited today(22/6) commenced exploration drilling for thermal coal on its Woodbury tenement in Tasmania. Woodbury is in the Midlands region of Tasmania and there is known mineralisation in the area. Studies to date have identified Woodbury as potentially the most attractive of the company?s exploration tenements in the region. The exploration programme encompasses 24 holes, 12 of which will be fully cored. The programme is designed to confirm historical data and provide coal quality information. It is expected to cost approximately $500,000, take 10 weeks and will be followed by laboratory analysis of the samples."
No sound air from coy! Are they gonna flog it to some shell coy, as comdek #2? Would be funny,hehe!
RES Price at posting:
49.5¢ Sentiment: Hold Disclosure: Held
