"Six seams are recognised in the descriptive material regarding the deposit. In addition, CRA reportedly discovered three additional coal sequences in the northern area of the deposit, the extent of which is unknown."
"Of the known extensive seams, three were worked. Unfortunately, only two drill holes have been put into the centre of the deposit and the southern hole (DDH1) was terminated before reaching the bottom of the coal bearing sequence (ie before complete penetration of the lowest seam)."
"A Scoping Study regarding Mt Mulligan exploration and development issues was commissioned in October. The purpose of the Study was to provide a consolidated review of the Deposit and a framework for consideration of issues going forward. The Study has just been completed."
The Study has just been completed.....this must be a positive?
MNM Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
