market paying attention to the coal find , page-13

just announced by AFR all good worth reading the whole announcement.

HIGHLIGHTS:
 Based on recent drilling of 42 holes showing thick coal seams at
the Sese coal prospect, the Company is preparing a programme of
resource delineation drilling.
 The areal extent and consistent thickness of coal intersections to
date suggest an Exploration Target* of between 1.0 billion tonnes
and 1.5 billion tonnes of 4,000 kcal/kg to 5,000 kcal/kg raw coal
which may be amenable to low‐cost open pit extraction.
 The Company is engaged in discussions with a number of parties
to secure a partner for funding the next stage of resource
development. Multiple expressions of interest have been received
for the acquisition of a 10‐20% minority stake in the coal project.
 Market interest in Botswana coal assets highlighted by recent CAD
$450 million offer by an unnamed Indian company to buy CIC
Energy, a Canadian listed coal company with an unmined 1.9
billion tonne Measured and Indicated, predominantly
underground resource of thermal coal in eastern Botswana
 Following recent test work on coal quality further analytical work
is underway to determine washing characteristics and coking
potential.