https://www.miningweekly.com
Coal|Exploration|Gas|PROJECT|Drilling
Coal|Exploration|Gas|PROJECT|Drilling
coal|exploration|gas|project|drilling

Jogmec signs up for Allegiance coal project

31st July 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Japan Oil, Gas and Metals National Corporation (Jogmec) has made a A$3-million investment into ASX-listed junior Allegiance Coal for a 40% interest in its Kilmain coal project, in Queensland.

Under the terms of a joint exploration agreement, Jogmec would provide A$3-million in exploration expenditure over the next three years, with the payment to be made in three tranches.

The first activities would include seismic surveying, which would take place during September this year, at the southern part of the project area, where the coal seam was shallowest.

Allegiance MD Colin Randall said this week that the joint exploration agreement provided the company with funding for all the planned exploration expenditure over a three-year period, which included associated coal quality analysis. The funding would also allow Allegiance to build a geological model of the area, using the new data along with previous drilling and historical data within, and adjacent to, the tenement area.

The Kilmain project spans 56 km2 within the Bowen basin and has an exploration target of between 100-million and 200-million tonnes of coal.

Edited by Creamer Media Reporter

Comments

Showroom

SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.148 0.185s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: