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Outstanding Results from Initial Drilling at South East Corner of Elan South

Friday, August 16th, 2019


  • Drilling activities at Elan South progressing significantly with 50 drill holes now completed at Oil Pad Ridge and South East Corner areas
  • Two rigs currently running in parallel on the highly promising South East Corner area
  • Outstanding initial results from South East Corner (data of 24 holes processed) showing significant coal intercepts in all holes and from shallow depths
  • Access road construction also exposed thick, shallow coal seams in road cuttings and trenches
  • While early stage, South East Corner is now a significant new discovery within Elan South with shallow, low-strip mining potential
  • Drilling is to continue at South East Corner and the north end of the Oil Pad trend to further delineate coal deposition extent and continuity in Elan South areas
  • Maiden resource estimate for South East Corner expected later this year with Elan South update
  • Elan dual-area strategy in action with drilling at Isolation South (Elan North) set to commence in the next two weeks

Managing Director, Max Wang, commented:

“We are very pleased to have established access and drilled a number of holes into the highly anticipated South East Corner area. The initial results have certainly validated our excitement about this prospective zone of Elan South. Significant coal intercepts in all initial 24 holes drilled and processed at South East Corner, with a number showing deposition starting from near the surface, have highlighted the considerable, shallow resource potential that exists. We currently have two rigs operating in parallel at South East Corner to further delineate the coal deposition in this area. An initial resource for South East Corner is expected to be incorporated into an overall update of the Elan South resource estimate later this year.”

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