News: Tiaro Coal receives initial substantial shareholder notice from AceA Resources

  1. Tiaro Coal (ASX:TCM) has received a notice of initial substantial shareholding from Singapore’s AceA Resources which holds a 19.88% stake in the company.

    AceA had acquired the 22.6 million shares in the company for a total of $3,051,000 on 27 June 2014.

    Tiaro had last week completed two short exploration programs to test coal quality and resource extension as part of the T9 West Pre-Feasibility Study for its key south east Queensland coal project.

    It has started a Pre-Feasibility Study on the potential for 5.5 million tonnes per annum Run of Mine production from 19 coal seam groups that carry metallurgical coal.

     

 
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