This could be huge.... from the announcement. Work to begin as soon as JV formally finalised.
Even if only 10% of the Designated Areas proves to be suitable for the UCG process, the target coal resource for a drilling program would be of the order of one billion tonnes with a potential gas production energy content of about five thousand Petajoules, or sufficient energy to supply a 1000MW power station for 100 years.
CXY Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held