The Mina Rica Coal Project covers a large area of the Loreto Formation adjacent to the idle Pecket coal loader owned by a third party.
Key points:
- Area 88km2
- Recent & historical coal mining occurred where seams outcropped on coast and on higher ground inland
- Surface geology obscured by thin gravel cover
- Coal intercepted in oil wells & seismic shot holes
- Using oil well logs to project coal intercepts to surface is key to delineating seam subcrop
- Gently folded Loreto Formation over large areas means potential for multiple subcropping coal seams
- Simple broad spaced drilling required to locate projected coal seam outcrop
- Neighbouring closed Pecket mine features idle 2,000tph ship loader
- Excellent infrastructure potentially means short lead times to production
Mina Rica Project Map
