The Tiaro Coal tenements covering an area of approximately 2.200 square kilometres are located in south eastern Queensland between Maryborough and Gympie.
The TJV provides the opportunity for significant value to be created through the identification of a metallurgical coal resource.
Key features of the Tiaro Project are as follows:
The exploration of the coalfield is at an early stage. Drilling is not yet extensive enough to support resources estimated in accordance with the JORC code, and no commercially saleable coal has yet been discovered. Despite this, the understanding of the geology of the measures has been significantly improved by the recent drilling campaign and new geophysical data which has become available and firm targets for further exploration have been identified.
The result of this combination of factors is the potential for large new coal resources to be discovered from known, but poorly explored intersections with the aid of geophysical data which has only recently become available.
Historical drilling has been concentrated around outcrop locations. There is an obvious logical correlation between structural complexity and outcrop intensity, and thus the historical drilling has been skewed towards structurally complex areas. New data provided by recent aeromagnetic and gravity surveys have revealed less complex blocks within the coalfield which are expected to provide geologically continuous coal bearing sequences
Thought i might add a thread on this company considering the fundamentals for coal in QLD