Mantle Mining Corporation Limited (ASX: MNM) ?Mantle?, is pleased to advise that it has been granted priority status over three coal Exploration Licence applications adjacent to Victoria?s Latrobe Valley.
Highlights:
ELs 5336, 7 and 8 cover a combined area of 556km2 in the highly prospective Gippsland Basin, located immediately adjacent to the Latrobe Valley (Figure 1).
The majority of remaining unallocated brown coal in the Latrobe Valley lies in the ?S7 Exemption Area?. Importantly, Mantle?s ELs abut this exemption area.
The tenements contain many historically defined brown and black coal seams that were mined from the late 1800?s variably through to the mid 1900?s.
Coal deposits were historically mined around Thorpdale to the north, Berry?s Creek to the south-west and at Won Wron to the south-east (Figure 2).
Mantle considers the potential for discovery of additional (brown and black) coal deposits and extensions of these historic areas to be very high.
Mantle is seeking to apply brown coal upgrade technology and define additional black coal deposits in order to develop a new export coal industry.
