Metallica Minerals have just announced they have a 171 million tonne resource suitable for UCG. It is a shame this land won't be used any time soon due to QLD Gov restrictions.
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Brisbane, May 28, 2009 (ABN Newswire) - An initial resource of 171.7 million tonnes has been announced for the underground coal gasification (UCG) project being developed by MetroCoal Limited in the Surat Basin northwest of Brisbane.
The JORC-compliant Inferred and Indicated Resource estimate was prepared following a successful 16 hole drilling program completed recently at Juandah Prospect by MetroCoal, an 84% owned subsidiary of, Metallica Minerals Limited (ASX:MLM).
The drilling campaign delineated the target Macalister Upper Seam in all 16 boreholes and is continuous and correlateable across the drilled area, generating the resource estimate announced today.
http://www.abnnewswire.net/press/en/60804/Metallica_Minerals_Limited_(ASX:MLM)_Announces_an_Initial_Resource_of_172Mt_For_Metrocoals_Juandah_UCG_Project.html
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