Location: North west ofEmerald
Target: underground thermal and metallurgical coal
Ownership: 100% Stanmore Coal
Exploration Target1 of 220 – 290 million tonnes (in Rangal Measures)
The Tennyson Project is targeting underground, low ash thermal coal within the Rangal Coal Measures as well as the potential for semi-soft coking coal in the underlying German Creek Measures. The project is located within 3km of a rail line to ports at Gladstone.
Thirteen holes were drilled during the 2011 field program on eight sites with five of the holes being cored. A further drilling program is proposed for 2012 and will consist of six holes that will allow the calculation of an initial JORC Resource. This program was originally planned for the December 2011 quarter but was impacted by delays in complying with new State regulations regarding land access for exploration. Holes completed to date have intersected multiple coal seams at a variety of depths with the Aries seam thickness averaging 2.5 metres, the Corvus seam 2.6 metres and the Liskeard seam 2.1 metres.
Modelling of results indicates that the Aries seam subcrops at around 150 metres and dips to the east, south and southwest to a maximum depth of around 490 metres.
Drilling also intersected several other seams, including the Corvus seam in the German Creek Formation which is interpreted to occur from 370 metres to a maximum depth of 880 metres, based on the preliminary modelling work. Further work is required to verify continuity, seam thickness, depth, and coal quality in order to confirm the seam as a viable target and as such it has been excluded from the current Exploration Target.
There is no evidence to date to indicate the presence of faulting and other structural complexity in the Target area. Historic quality testing of the Aries seam in the project area points to a raw ash of between 10-15%and indicates that this seam could support a low ash,low sulphur export quality thermal coal with specific energies of up to 6680 kcal/kg.