re: Ann: GUF: Hughenden White Mountain Projec... from their...

re: Ann: GUF: Hughenden White Mountain Projec... from their website:
The objective of the Tiaro Coal - Qinfa relationship is to:

?Support the development of Tiaro Coal interests to create a JORC compliant of high quality metallurgical coal resource.
?Permit Qinfa to participate through a coal off take agreement of future mining production.
?Through AMT commence coal trading operations to develop profitable bi-lateral coal trade.
?Develop new coal resource opportunities with third party coal mining operations.

Against the background of these developments, Tiaro?s forward strategy revolves around delivery of the following imperatives:


1.Seeking to deliver a joint coal resource in EPC 956 and EPC 957;
2.Advancing geological interpretative work in other exploration tenements covering 1,113 square kilometres to identify highly prospective exploration targets;
3.Expanding coal trading opportunities through Australian Minerals in order to generate internal sources of funds to support future exploration work; and
4.To identify and seek long term coal off take acquisitions through farm in or direct investment approach.

dot point 4- this spin off fits the overall plan. Cant see a definitive "We are going to mine" but i guess it is in there as trading opportunites and off take agreements for Qinifa.