EER east energy resources limited

jorc upgrade due - 2bt exploration target

  1. 2,917 Posts.
    Exploration Target likely to exceed 2 Billion Tonnes
    http://www.asx.com.au/asxpdf/20100408/pdf/31pp000fxnwjgr.pdf

    1.2bt in the south(carlow deposit) and from the this announcement;
    http://www.asx.com.au/asxpdf/20101118/pdf/31tz5k0j2pxlkw.pdf
    the north(allambi deposit mirrors the south)

    12km x 12km x 6m seams @ 1.4denity comes a further 1.2bt = 2.4bt total

    2.4bt is assuming 6m coal seam is consistent over the whole tenement and they have drilled the 12km x 12km.

    either way it's going to be a ripper of an upgrade...
 
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