nsl’s coal projects move forward

Not why I got involved with NSL but it seems that the coal thing is progressing smoothly...


13 June, 2012
QUEENSLAND THERMAL COAL PROJECTS MOVE FORWARD
___________________________________________________________________
HIGHLIGHTS
? Native title and Cultural Heritage agreements completed for EPC’s 2198, 2337 and 2338
? EPC 2198 grant awaiting Ministerial approval ___________________________________________________________________
Dual bulk commodity developer, NSL Consolidated Ltd (NSL or Company), is pleased to announce that Section 31 Deeds* and associated agreements relating to native title and cultural heritage are completed for three of its four thermal coal exploration tenements, EPCs 2198, 2337 and 2338, in southwest Queensland.
All documentation for EPC 2198 has been submitted to Queensland’s Department of Natural Resources and Mines and is now awaiting Ministerial approval. The company anticipates a timeline of 4-5 weeks for completion of grant.
The Company is working towards completing the notification period and final granting process for EPCs 2337 and 2338 in the third quarter of 2012.
NSL’s four thermal coal tenements cover 2,585 km2 in the Eromanga Basin in southwest Queensland and are adjacent similar projects held by East Energy Resources (ASX: EER, Inferred Resource of 1.2 Billion Tonnes) and International Coal Limited (ASX: ICX, Inferred Resource of 730 Million Tonnes).
As previously announced, independent geologists have estimated a combined exploration target of between 6.6 billion and 18.7 billion tonnes1 of thermal coal for NSL’s four tenements.
Exploration and development of the thermal coal assets in Queensland is in addition to NSL’s producing Indian iron ore business.
CONTACT:
Cedric Goode NSL Consolidated 0400 408 477
Kevin Skinner
Field Public Relations
(08) 8234 9555 / 0414 822 631