Tiaro positive over Qld tenements

POSITIVE results from Australian coal explorer Tiaro Coal’s seismic surveys on its Queensland coal tenements will keep the ball rolling towards further development, the company said.
Tiaro positive over Qld tenements Tiaro positive over Qld tenements Tiaro positive over Qld tenements Tiaro positive over Qld tenements Tiaro positive over Qld tenements

Geologist at the Munna Creek coal outcrop in EPC 956. Courtesy Tiaro Coal.

Vivienne Ryan

Tiaro labelled survey results on its Tiaro Coal Joint Venture (TCJV) tenements in Queensland as “encouraging” and said a further drill program would follow.

The TCJV is a partnership between Tiaro Energy, Core Coal and Jandale with Dynasty Metals looking to become a partner through further funding.

In June this year Tiaro finalised a deal with Dynasty which saw it accelerate exploration at its southeastern Queensland tenements, near Maryborough.

The Tiaro–Dynasty farm-in agreement would give Dynasty the right to acquire up to a 51% interest in the tenements.

Initial survey results show possible coal seams and provide better delineation of drilling targets.

Tiaro has the right to earn up to an 80% interest in the TCJV by solely funding $5 million worth of exploration expenditure over four years.

Tiaro subsidiary Maryborough Coal launched its initial public offering on the Australian Securities Exchange on September 29, in a bid to get funding for more exploration.

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