Paradigm – Exco Joint Venture to Evaluate Oil
- Based on a data review, Paradigm - Exco permits near Cloncurry contain 100 km2of oil-bearing shale at least 10m thick beneath 10-30m of sedimentary cover
- An oil grade of 40-60 litres per tonne of oil shale was estimated by past explorers
- A drill program, which has started, is targeting shallow sections of oil shale
where past data are sparse and to reassess oil grade
- Drilling will also assess the vanadium, molybdenum, and uranium potential
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