--potential @@@ million tonnes of hard coking & thermal coal, proven coal field and historic drilling data available.
"The exploration area is 210 km south-west of Brisbane which has a 5 million mt/year coal export facility, soon to be upgraded to 10 million mt/year."
"The Texas project is near northern New South Wales areas that recent exploration drilling has shown to contain deposits of hard coking and high volatile thermal coal similar in quality to Bowen and Surat Basin coals, said the company."
??The application for the Texas coal project tenements demonstrates the next step in Mantle securing a quality portfolio of development projects in the coal and coal bed methane sector,?? said Mantle Mining managing director, Ian Kraemer, in an August 26 statement."
??Based on historical and recent results achieved across the New South Wales border, the company considers the Texas region to hold exciting new coal basin potential,?? added Kraemer.
"Mantle and its consultants are in the middle of reviewing historical exploration and drilling data for the area to ensure the company can initiate its own exploration work as soon as its EPCs are granted."
"Benefit existing rail lines from Texas to Brisbane, a coal shipping port. Tenement is around the town, all of the pre-infrastructure are ready."
good luck
MNM Price at posting:
5.2¢ Sentiment: LT Buy Disclosure: Held