perhaps over the coming months more tenements will be granted.
best wishes for all shareholders.
TPL Corporation Limited ABN 72 088 749 008 www.tplcorporation.com.au Suite 6, 245 Churchill Avenue Subiaco PO Box 1273 Subiaco WA 6904 Tel: +61 8 9217 3300 Fax: +61 8 9388 3006 [email protected] TPL Corporation Limited ASX:TPL 12 July 2010 FIRST TENEMENTS GRANTED AT LIGHTJACK HILL COAL PROJECT, CANNING BASIN, WESTERN AUSTRALIA TPL Corporation Ltd (TPL) is pleased to announce the grant of three contiguous, coal prospective Exploration Licences (EL04/1975, 1986 & 1988) covering 724km2 within the Northwest portion of the Canning Basin (see Figure 1). The grant of these three exploration licences represents TPLs first granted coal tenure in its 100% owned Lightjack Hill Coal Project within the Canning Basin, Western Australia. Summary of Granted Tenure Over 100 km of strike of the coal prospective Lightjack Formation comprising outcrop and areas under shallow surficial cover Approximately 30 km along strike from historical drill holes with coal seam intercepts Highly prospective ground containing the main known host sequences for coal measures within the Fitzroy Graben, Canning Basin Lies within the Fitzroy River Valley where erosional regime offers good exposure to potential coal bearing sediments Good access via an extensive network of station & community roads The grant of our first tenements within the highly prospective Lightjack Hill Coal Project represents a significant milestone for TPL commented Mark Gunther, Managing Director. TPL will commence on ground exploration activities later this month, and work on obtaining required approvals and clearances before commencing a maiden coal drilling programme.
TPL Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held