ann. capitalises on coal seam gas opportunity

DYNASTY CAPITALISES ON COAL SEAM GAS OPPORTUNITY

Emerging energy company Dynasty Metals Australia (ASX: DMA) has achieved a
significant milestone with the grant of a Special Prospecting Authority (SPA) license to
commence the first coal seam gas (CSG) exploration in Western Australia’s coal-rich
North Perth Basin.
The license covers Dynasty’s 100% Irwin Coal Seam Gas Project which is located 65km
east of Geraldton and Oakagee in close proximity to existing infrastructure and the
expanding Mid-West mining region.
Dynasty Managing Director Rita Brooks said she was delighted the Company had
become the first to be granted approval to explore for coal seam gas in this area.
“Dynasty has gained access to a unique exploration opportunity in this resource-rich
region of Western Australia,” Ms Brooks said.
Dynasty worked with Dr Guy Le Blanc Smith to assess CSG exploration projects in
Western Australia. Dr Le Blanc Smith was employed by the Geological Survey of
Western Australia in the 1990’s and co authored “Geology and Permian Coal Resources
of the Irwin Terrace, Perth Basin West Australia” in 1995.
“With Dr Le Blanc Smith’s expertise, Irwin Coalfield exploration data and 40 years of oil
and gas exploration records, Dynasty now has an exciting opportunity to explore
prospective CSG areas.” Ms Brooks said.
“Located in close proximity to existing pipelines in the Northern Perth Basin, Dynasty’s
CSG project provides excellent opportunities for early cashflows if successful.”
Dynasty controls the entire Irwin Coalfield under the SPA license and proposes to
conduct a seismic program commencing in May.
CSG currently supplies approximately 13% of Queensland’s power requirements and its
acceptance as an alternative green fuel is growing.
Dynasty will commence an extensive seismic survey during the next Quarter to identify
the locations of gaseous sequences below the identified coal measures. Dynasty
intends to drill the generated targets once the necessary approvals are obtained.

-ENDSFor
further information please refer to Dynasty’s website www.dynastymetals.com.au. or