re: Ann: Exploration Licence Granted Galilee ...
From the ann. "Tenure Highlights Total strike coverage of approximately 14 km of the Betts Creek Coal Measures. Historical drilling in abutting tenements has intersected up to 6 coal seams with typical 20 m aggregate coal thickness and individual seams up to 15.8 m thick. Conservative exploration target of 140 to 500 million tonnes. Within an emerging world class thermal coal basin in which 10‟s of billions of tonnes of quality thermal coal resources are being defined. Galilee Basin contains several thermal coal projects of ?State Significance‟ fast tracking planned development of common user rail and upgraded port facilities. ?Application of our first tenure within the highly prospective and rapidly emerging world class Galilee Coal Basin represents an exciting milestone for TPL? commented Mark Gunther, Managing Director. ?TPL see this move as an inexpensive entry into another rapidly developing frontier coal basin offering further opportunities to enhance shareholder value?.
I haven't felt so confident in a Co's potential since I first researched RRS. They had their knockers but the rise in SP recently tells the story so far. TPL's story may come true a little sooner I feel.
TPL Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held